This English version is a translation of the original Japanese document and is only for reference purposes. In the case where
any differences occur between the English version and the original Japanese version, the Japanese version will prevail. The
financial results written in the original Japanese document is not audited by independent auditors.

April 28, 2015

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2015
[under Japanese GAAP]
Company name: Mitsubishi UFJ Securities Holdings Co., Ltd.
URL:
http://www.hd.sc.mufg.jp/
Representative: Takashi Nagaoka, President & CEO
Contact:
Shinjiro Yamamoto, General Manager, Financial Planning Division
TEL: (03) 6213-2550
Scheduled date of General Shareholders’ Meeting:June 24, 2015
Scheduled date to file Securities Report:
June 24, 2015
Supplementary material on financial results: Yes
Financial results presentation meeting:
None(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the fiscal year 2014
(from April 1, 2014 to March 31, 2015)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Operating revenue
Millions of yen

Net operating revenue% Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen%

FY2014

482,541(1.1)

435,757(3.3)

90,683(32.3)

114,930(29.6)FY2013

487,79639.2

450,63347.2

133,923 172.2

163,304

93.9

Diluted net income
Net income
per share/equity
Yen
YenMillions of yen%%
50,995 (47.8)–
FY201469.19
6.5
97,781 108.3–
FY2013132.6813.5(Note)
Comprehensive income
FY2014: 107,749 million yen (43.7)%
FY2013: 191,284 million yen 61.4%(Reference) Equity in earnings (losses) of affiliates FY2014: 15,197 million yen
FY2013: 24,506 million yen
Net income

Net income per share(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

As of March 31, 2015

Millions of yen
29,993,106

Millions of yen
1,025,771

%
2.6

Yen
1,052.85

As of March 31, 2014

30,418,476

1,068,092

2.6

1,065.74(Reference) Equity
As of March 31, 2015: 775,934 million yen
As of March 31, 2014:(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets

785,437 million yen

<* Notes>(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
resulting in the change in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement of priorperiod financial statements after error corrections
a. Changes in accounting policies due to revisions to accounting standards and other regulations:Yesb. Changes in accounting policies due to other reasons: Yes
c. Changes in accounting estimates: None
d. Restatement of prior period financial statements after error corrections: None
(Note)For details, please refer to “4. Changes in accounting policies” on page 9 of the “Attached Material.”(3) Number of issued shares (common stock)
a.

b.

c.

Total number of issued shares at the end of the period (including treasury stock)
As of March 31, 2015

736,985,496 shares

As of March 31, 2014

736,985,496 shares

Number of shares of treasury stock at the end of the period
As of March 31, 2015

– shares

As of March 31, 2014

– sharesAverage number of shares during the period
Fiscal year ended March 31, 2015

736,985,496 sharesFiscal year ended March 31, 2014

736,985,496 shares<* Indication regarding execution of audit procedures >This financial results report is exempt from the audit procedures pursuant to the Financial
Instruments and Exchange Act. At the time of disclosure of this financial results report, the audit
procedures for consolidated financial statements are in progress.
<* Other special matters >NoneAttached Material

Index
1. Consolidated financial statements(1) Consolidated balance sheets--------------------

P. 1(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income--------------------

P. 4

Consolidated statements of comprehensive income--------------------

P. 5--------------------

P. 6

2. Notes on premise of going concern--------------------

P. 7

3. Key items forming the basis of preparation of consolidated financial
statements--------------------

P. 7

4. Changes in accounting policies--------------------

P. 9(Segment information)--------------------

P. 10(Per share information)--------------------

P. 12(1) Breakdown by item--------------------

P. 13(2) Breakdown by product--------------------

P. 13

2. Net trading income--------------------

P. 13

Quarterly Trends in Consolidated Statements of Income--------------------

P. 14(3) Consolidated statements of changes in net assets

5. Notes to consolidated financial statements<Reference>
Consolidated Financial Results for the Fiscal Year Ended March 31, 2015
1. Commission received<Reference>
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for the Fiscal Year Ended March 31, 2015
(1) Consolidated operating results--------------------

P. 15(2) Consolidated financial position--------------------

P. 15(3) Non-consolidated operating results--------------------

P. 16(4) Non-consolidated financial position--------------------

P. 16

1. Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2014ASSETS
Current assets
Cash and deposits
Cash segregated as deposits
Trading products
Trading securities and other
Derivatives
Trade date accrual
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities
borrowing on margin transactions
Loans secured by securities
Cash collateral pledged for securities
borrowed
Loans on Gensaki transactions
Advances paid
Short-term guarantee deposits
Short-term loans receivable
Short-term investment securities
Income taxes receivable
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings
Equipment
Land
Construction in progress
Intangible assets
Software
Other
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total noncurrent assets
Total assets

1

As of March 31, 2015

1,133,772
157,946
14,867,140
7,245,497
7,621,642
151,952
71,272
66,431

1,157,151
177,256
15,525,224
6,038,094
9,487,129－
51,85946,107

4,840

5,752

12,176,027

11,270,365

5,006,564

4,304,370

7,169,463
5,968
751,608
10,312
277,088
10,69032,071
107,300(11)
29,753,141

6,965,994
7,353
901,937
8,637
160,477
401
21,537
117,585(2)29,399,786

31,372
16,276
10,0984,921
75
60,20830,42729,780573,754548,765
282
2,529
1,226
21,889(938)
665,335
30,418,476

33,624
16,662
11,537
4,917
506
55,15037,78017,369504,546
473,485
161
4,674
4,807
22,332(914)
593,320
29,993,106

(Millions of yen)
As of March 31, 2014

As of March 31, 2015

LIABILITIESCurrent liabilities
Trading products

11,501,377

11,921,542

Trading securities and other

3,993,318

2,607,193

Derivatives

7,508,058

9,314,349－

674,240

26,51930,470Borrowings on margin transactions

2,547

4,750

Cash received for securities lending on margintransactions

23,972

25,71913,148,960

10,739,998

Trade date accrual
Margin transaction liabilities

Loans payable secured by securities
Cash received on debt credit transaction of securities

5,637,029

3,243,826

Borrowings on Gensaki transactions

7,511,931

7,496,172

Deposits received

195,430

188,663

Guarantee deposits received

987,929

1,312,046

Short-term loans payable

1,047,667

1,308,395

Current portion of bonds

109,812

129,932

Current portion of long-term loans payable

70,139123,680

Commercial papers

553,800

903,031

Income taxes payable

13,28924,037

Provision for bonuses

38,43038,864276

360

Asset retirement obligations
Other current liabilities

85,656

187,668

Total current liabilities

27,779,290

27,582,932

Noncurrent liabilities
Bonds payable

1,124,031

949,993Long-term loans payable

428,566

416,856

Deferred tax liabilities

9,298

4,883

Net defined benefit liability

2,539

3,875

Provision for directors’ retirement benefits
Asset retirement obligations

212

166

4,765

6,589

Other noncurrent liabilities

347

312

Total noncurrent liabilities

1,569,761

1,382,676

1,332

1,725

Reserves under the special laws
Reserve for financial products transaction
liabilities
Total reserves under the special laws
Total liabilities

2

1,332

1,725

29,350,384

28,967,334

(Millions of yen)
As of March 31, 2014

As of March 31, 2015

NET ASSETS
Shareholders’ equity
Capital stock

75,51875,518

Capital surplus

426,948452,817

Retained earnings

266,850

207,098

Total shareholders’ equity

769,317735,434

4,893

8,833

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

(38)

(134)

Foreign currency translation adjustment

8,872

28,811Remeasurements of defined benefit plans

2,391

2,988

Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

3

16,11940,499282,654249,837

1,068,092

1,025,771

30,418,476

29,993,106

(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income

For the fiscal year ended
March 31, 2014
(From April 1, 2013
to March 31, 2014)
Operating revenue
Commission received
Net trading income
Net gain on private equity and other securities
Other net gain on goods trading
Financial revenue
Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office cost
Depreciation
Taxes and dues
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Loss on valuation of investment securities
Loss on valuation of derivatives
Loss on retirement of noncurrent assets
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Gain on redemption of investment securities
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on sales of noncurrent assets
Impairment loss
Provision of reserve for financial products transaction liabilities
Other
Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

4(Millions of yen)
For the fiscal year ended
March 31, 2015
(From April 1, 2014
to March 31, 2015)

242,578
210,448(1,045)
123
35,692487,796
37,163450,633

231,825
177,948(18)
1
72,785482,541
46,784435,757

98,794
133,373
22,22730,91013,727
9,510
8,166
316,710
133,923

109,339
145,303
22,61633,12315,150
11,3908,150
345,074
90,683

5,144
24,5062,470
32,121

5,072
15,197
6,570
26,840

788
155
210
1,584
2,740
163,304

1,306
545
384
356
2,593
114,930

8,475
103
226
1
8,807

9,401
－
－
4
9,406

189
57
26
2,359
311
318
3,263
168,848
21,790(9,403)
12,386
156,461
58,67997,781

195
8
3
1,771
392
72
2,444
121,893
33,461
4,287
37,74884,14433,14950,995

Consolidated statements of comprehensive income

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

For the fiscal year ended
March 31, 2014
(From April 1, 2013
to March 31, 2014)
156,461

5(Millions of yen)
For the fiscal year ended
March 31, 2015
(From April 1, 2014
to March 31, 2015)
84,144(2,457)(74)
37,357
－

2,599
(110)
20,056
1,003

(3)

54

34,822
191,284

23,604
107,749

133,130
58,15375,37432,374

(3) Consolidated statements of changes in net assets
For the fiscal year ended March 31, 2014 (From April 1, 2013 to March 31, 2014)(Millions of yen)
Shareholders’ equity

Capitalstock

Accumulated other comprehensive income
Valuationdifference
Totalonshareholders’availableequity
for-sale

Deferred
gains orlosses onhedges

Total
Foreign
Remeasurements accumulated
currency
otherof definedtranslation
benefit plans comprehensive
adjustment
incomeMinority
interests

Total net
assets257,939

924,400－－

257,939

924,400

CapitalsurplusRetainedearnings

426,948

185,613

688,081－－－426,948

185,613

688,081

Dividends from surplus(16,545)(16,545)(16,545)

Net income

97,78197,78197,781－－

Balance at the beginning of current period

75,518Cumulative effects ofchanges in accounting policies
Restated balance

75,518

6,067

6,067

36

36

(27,724)(27,724)－－(21,620)(21,620)

Changes of items during the period

Additional purchase of investments
in subsidiaries－

Net changes of items other thanshareholders' equity(74)

36,597

2,391

37,73924,71562,455－－

81,236

81,236(1,174)(74)

36,597

2,391

37,73924,715

143,691

75,518426,948

266,850

769,317

4,893

(38)

8,872

2,391

16,119282,654

1,068,092

Total changes of items during the period
Balance at the end of current period(1,174)

For the fiscal year ended March 31, 2015 (From April 1, 2014 to March 31, 2015)(Millions of yen)
Shareholders’ equity

Capitalstock

Accumulated other comprehensive income
Valuationdifference
Totalonshareholders’availableequity
for-sale

Deferred
gains orlosses onhedges

Total
Foreign
Remeasurements accumulated
currency
otherof definedtranslation
benefit plans comprehensive
adjustment
incomeMinority
interests

Total net
assets282,654

1,068,092(6,630)(12,529)

276,024

1,055,563

CapitalsurplusRetainedearnings

426,948

266,850

769,317

25,209(31,107)(5,898)452,158

235,742

763,419

Dividends from surplus(79,638)(79,638)(79,638)

Net income

50,99550,99550,995659

659

Balance at the beginning of current period

75,518Cumulative effects ofchanges in accounting policies
Restated balance

75,518

4,893

4,893

(38)

(38)

8,872

8,872

2,391

2,391

16,11916,119Changes of items during the period

Additional purchase of investments
in subsidiaries

659

Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the end of current period

3,940

(96)

19,938597

24,379(26,186)(1,806)－659(28,643)(27,984)

3,940

(96)

19,938597

24,379(26,186)(29,791)

75,518452,817

207,098

735,434

8,833

(134)

28,811

2,988

40,499249,837

1,025,771

6

2.

Notes on premise of going concern
None

3.

Key items forming the basis of preparation of consolidated financial statements
1. Scope of consolidation
Number of consolidated subsidiaries: 13 companies (previous year: 15 companies)
Names of consolidated subsidiaries
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd.
KOKUSAI Asset Management Co., Ltd.
MUS Business Service Co., Ltd.
MUS Information Systems Co., Ltd.
Mitsubishi UFJ Securities International plc
Mitsubishi UFJ Wealth Management Bank (Switzerland), Ltd.
Mitsubishi UFJ Securities (USA), Inc.
Mitsubishi UFJ Securities (HK) Holdings, Limited
Mitsubishi UFJ Securities (HK), Limited
Mitsubishi UFJ Securities (Singapore), Limited
TMI Nominees Limited
MM Partnership(Exclusion)
Ling Zheng Investment Consulting (Shanghai) Co., Ltd.
Corporate Value Up Fund Investment Limited Liability Partnership
The above two companies were excluded from the scope of consolidation due to completionof liquidation.
2. Application of the equity method
Number of affiliates under the equity method: 2companies (previous year: 2 companies)
Names of affiliates under the equity method
Morgan Stanley MUFG Securities Co., Ltd.
Marunouchi Capital Co., Ltd.
3. Financial closing dates and other details of consolidated subsidiaries
The financial closing dates of consolidated subsidiaries are as follows.
End of December 8 subsidiaries
End of March
5 subsidiaries
Of the consolidated subsidiaries whose financial closing date differs from the consolidated
financial closing date, 8 subsidiaries for which the difference in closing dates was three months orless were accounted for based on the financial statements as of the financial closing date of eachsubsidiary. However, necessary adjustments were made to the consolidated financial statements
for any significant transactions that took place between the end of the fiscal year of eachsubsidiary and the end of the consolidated fiscal year.
4. Accounting policies(1) Method of recognizing retirement benefits
1) Method of attributing expected retirement benefits to periods
For the purpose of attributing expected retirement benefits over the period up to the end of
the fiscal year ended March 31, 2015 in the calculation of retirement benefit obligations,the benefit formula basis is applied.
2) Method of amortizing actuarial gain or loss and past service cost
Past service cost is amortized by the straight-line method over a certain term within the
average remaining service period of the eligible employees (mainly 12 years).
With regard to actuarial gain or loss, the amount is amortized by the straight-line method
over certain terms within the average remaining service period of the eligible employees(mainly 12 years) for each applicable fiscal year, and expensed mainly from the year
following the year in which the gain or loss is recognized.

7

(2) Major hedge accounting
1) Hedge accounting
The fair value hedge and the deferred hedge that specify currency swaps, foreign exchange
contracts, interest rate swaps, equity forward contracts and stock index futures as hedging
instruments are applied.
2) Hedging instruments and hedged items
a. Exchange rate volatility risk
Hedging instruments
Currency swaps and foreign exchange contracts
Hedged items
Foreign currency denominated financial assets and liabilities (short-term investment
securities, investment securities and bonds payable)b. Interest rate volatility risk
Hedging instruments
Interest rate swaps
Hedged items
Short-term investment securities and investment securities
c. Stock price volatility risk
Hedging instruments
Equity forward contracts and stock index futures
Hedged items
Investment securities
3) Hedging policy
Currency swap contracts and foreign exchange contracts are used to avoid the exchange
rate volatility risk in part of foreign currency denominated financial assets and liabilities,
while interest rate swap contracts are used to avoid the interest rate volatility risk in someshort-term investment securities and investment securities, and equity forward contracts
and stock index futures are used to avoid the stock price volatility risk in some investment
securities. As such, hedged items are identified on an individual contract basis.
4) Method of assessing the effectiveness of hedging activities
The effectiveness of hedged items and hedging instruments is periodically assessed.
(3) Other key matters for the preparation of consolidated financial statements
1) Accounting of consumption taxes
Consumption taxes are accounted for based on the tax exclusion method.
2) Adoption of consolidated taxation system
The Company and some domestic consolidated subsidiaries adopt the consolidated taxation
system with Mitsubishi UFJ Financial Group, Inc. as the consolidated taxpayer parent
company effective from the fiscal year ended March 31, 2015.
Disclosure of the items other than above was omitted because there were no significant changes from thelatest Securities Report (submitted on June 26, 2014).

8

4.

Changes in accounting policies(Application of the Accounting Standard for Retirement Benefits, etc.)
Regarding the “Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26, May 17, 2012)
and “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25, March 26,2015), effective from the fiscal year ended March 31, 2015, the Company has applied the provisions of
the main clauses of Paragraph 35 of the Accounting Standard for Retirement Benefits and Paragraph 67
of Guidance on Accounting Standard for Retirement Benefits, reviewed its calculation method for
retirement benefit obligations and current service costs, and changed its method of attributing expected
benefits to periods from mainly the straight-line basis to the benefit formula basis. In addition, theCompany has changed the method for determining the discount rate from one that uses a discount rate
based on a period approximate to the expected average remaining working lives of employees, to one
that uses a single weighted average discount rate reflecting the estimated timing and amount of benefit
payment.
Application of the Accounting Standard for Retirement Benefits and Guidance on Accounting Standard
for Retirement Benefits is in line with the transitional measures provided in Paragraph 37 of the
Accounting Standard for Retirement Benefits, and the effect of the revision to the calculation method
for retirement benefit obligations and current service costs has been added to or deducted from retained
earnings as of April 1, 2014.
As a result, as of April 1, 2014, net defined benefit asset and net defined benefit liability increased by
47 million yen and 1,104 million yen respectively, and retained earnings decreased by 650 million yen.
In addition, the effect of this application on operating income, ordinary income and income before
income taxes and minority interests for the fiscal year ended March 31, 2015 is immaterial.
The effect of this application on per share information is immaterial.
(Application of the Accounting Standard for Business Combinations, etc.)
It has become possible to apply the “Accounting Standard for Business Combinations” (ASBJ
Statement No. 21, September 13, 2013), “Accounting Standard for Consolidated Financial Statements”(ASBJ Statement No. 22, September 13, 2013), “Accounting Standard for Business Divestitures”(ASBJ Statement No. 7, September 13, 2013), etc. effective from the start of the fiscal year started on orafter April 1, 2014. Accordingly, the Company has applied these accounting standards effective fromthe fiscal year ended March 31, 2015 (except for the provisions of Paragraph 39 of the AccountingStandard for Consolidated Financial Statements). As a result, the method of recording the amount ofdifference caused by changes in the Company’s ownership interests in subsidiaries in the case of
subsidiaries under ongoing control of the Company was changed to one in which it is recorded ascapital surplus, and the method of recording acquisition-related costs was changed to one in which they
are recognized as expenses for the fiscal year in which they are incurred. Furthermore, for businesscombinations carried out on or after April 1, 2014, the accounting method was changed to one in which
the reviewed acquisition cost allocation resulting from the finalization of the tentative accounting
treatment is reflected in the quarterly consolidated financial statements for the quarterly period in which
the date of the business combination occurs.
Application of the Accounting Standard for Business Combinations, etc. is in line with the transitional
measures provided in Paragraph 58-2 (3) of the Accounting Standard for Business Combinations,Paragraph 44-5 (3) of the Accounting Standard for Consolidated Financial Statements and Paragraph57-4 (3) of the Accounting Standard for Business Divestitures. Accordingly, the cumulative amount of
impact as of April 1, 2014, in the case of retrospective application of the new accounting policies to allprior periods has been added to or deducted from capital surplus and retained earnings.
As a result, as of April 1, 2014, goodwill (other under intangible assets) decreased by 11,446 million
yen, retained earnings decreased by 30,457 million yen, and capital surplus increased by 25,209 million
yen. Meanwhile, operating income and ordinary income for the fiscal year ended March 31, 2015 eachincreased by 573 million yen; income before income taxes and minority interests decreased by 85
million yen.
Since the cumulative amount of impact was reflected in the beginning balance of net assets for the fiscal year
ended March 31, 2015, in the beginning balances of items of the consolidated statement of changes in net
assets for the fiscal year ended March 31, 2015, capital surplus increased by 25,209 million yen and retained
earnings decreased by 30,457 million yen.
Net assets per share as of April 1, 2014 decreased by 7.12 yen, and basic net income per share for the
fiscal year ended March 31, 2015 decreased by 0.12 yen.
95.

Notes to consolidated financial statements(Segment information)
For the fiscal year ended March 31, 2015 (From April 1, 2014 to March 31, 2015)
1. Overview of reportable segments
The Group identifies a reportable segment as a component unit that constitutes a business for which
discrete financial information is available and is regularly reviewed by the Board of Directors to makedecisions about the allocation of resources to the segment and assess its performance.
The Group is engaged in business activities centered on financial instruments business in many areas andprovides investment and financing-related services. While promoting cooperation among Group companies
under control, the Company, as a holding company, makes decisions about the allocation of resources andassesses the performance of each Group company by type of service.
Therefore, the Group’s segments are distinguished by the type of service and the geographic area, and thus
the following items are identified as reportable segments: “Securities Brokerage (Japan),” “Securities
Brokerage (U.K.),” “Securities Brokerage (U.S.A.)” and “Asset Management.”“Securities Brokerage” provides customers with broader investment and financing services from both
funding and investment aspects and “Asset Management” mainly provides with services of establishment
and management of investment trusts targeting various assets as investments.
A subsidiary engaged in private banking business, which was included in “Other” at the end of the fiscal
year ended March 31, 2014, has come under the control of a subsidiary included in “Securities Brokerage(Japan).” Consequently, in the fiscal year ended March 31, 2015, the Company’s categories foradministration of subsidiaries were reviewed and changed to a method in which the subsidiary was
included in “Securities Brokerage (Japan).”
2. The calculation method of net operating revenue, profit or loss, assets and other items by reportablesegment
Accounting policies for business segment reported are consistent with “Key items forming the basis ofpreparation of consolidated financial statements.” Profit or loss of a reportable segment is the amountbased on the profit or loss after applicable taxes. Inter-segment net operating revenue and transfers are
based on actual market prices.
(Application of the Accounting Standard for Business Combinations, etc.)
As stated in “Changes in accounting policies,” the Company has adopted the Accounting Standard forBusiness Combinations, etc. and followed the transitional measures provided in Paragraph 58-2 (3) of the
Accounting Standard for Business Combinations, Paragraph 44-5 (3) of the Accounting Standard forConsolidated Financial Statements and Paragraph 57-4 (3) of the Accounting Standard for Business
Divestitures.
As a result, compared to the previous method, there was no impact on any business segment in the fiscal year
ended March 31, 2015, while segment assets in “Adjustment” decreased by 10,873 million yen and segment
profit (loss), amortization of goodwill and extraordinary income (gain on bargain purchase) decreased by 85
million yen, 573 million yen and 659 million yen, respectively.

10

3. Information about net operating revenue, profit or loss, assets and other items by reportablesegment(Millions of yen)Amounts on
consolidated
Adjustment
financial(Note 2)statements(Note 3)

Reportable segment
Securities
Brokerage(Japan)Securities
Brokerage(U.K.)

Securities
Asset
Brokerage
Management(U.S.A.)Net operating revenue
Net operating revenue
from external
338,943
25,28736,531
customers
Inter-segment net
operating revenue or
3,271
6,791
933
transfers
Total
342,21432,07837,464
Segment profit (loss)
78,850(13,651)
2,921
Segment assets
14,614,130 12,223,853 3,895,317
Other items:
Depreciation
11,6682,466
380
Amortization of–––
goodwillInterest income
3
4,765
–
Interest expenses–––
Equity in earnings–––(losses) of affiliates
Extraordinary income
7,097
2,256
–
Gain on sales ofinvestment
7,096
2,256
–
securities
Extraordinary loss
2,084
38
–
Impairment loss
1,474
38
–
Provision of reservefor financial
392––
products transaction
liabilities
Taxes
35,125(3,261)
2,475
Investment inaffiliates under equity–––
methodIncrease in property,
plant and equipment
20,8873,342
436
and intangible assets

Other(Note 1)

Total

Total

36,247437,010(1,252)435,757–

435,757–

10,99530,98041,975(41,975)–

36,247448,005
4,926
73,04669,742 30,803,044
554

15,06929,727477,733(41,975)
435,757
57,364130,411(79,416)
50,9952,065,413 32,868,457 (2,875,351) 29,993,106
500

15,569(418)

15,150

–

–

–

–

959

959

293
–

5,062
–

10
46

5,072
46

–
(46)

5,072
–

–

–

–

–

15,197

15,197

48

9,401

4

9,406

–

9,406

48

9,401

–

9,401

–

9,401

291
248

2,415
1,761

29
11

2,445
1,772

(0)
(0)

2,444
1,771

–

392

–

392

–

392

2,852

37,193548

37,741

6

37,748––413,054

413,054(164,666)

248,387648

25,314

1,024

26,338(449)

25,888(Notes) 1. “Other” includes the holding company of securities companies and others.
2. Adjustment includes the following:(1) Adjustment to segment profit (loss), amounting to (79,416) million yen, includes (61,415) million yenof eliminations of inter-segment transactions and (17,958) million yen of equity in earnings or losses
of affiliates, taxes and minority interests in income or loss all of which were not allocated to eachsegment.
(2) Adjustment to segment assets is mainly eliminations of assets and liabilities between segments.
3. Segment profit is adjusted to be consistent with net income for the fiscal year ended March 31, 2015.

11

(Per share information)
FY2014(From April 1, 2014
to March 31, 2015)

Net assets per share (Yen)

1,052.85

Basic net income per share (Yen)

69.19(Notes) 1. Diluted net income per share is not presented since there were no potential shares.
2. The basis of calculation for basic net income per share is as follows.
(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

Net income

50,995

Net income not attributable to common–

stockholder
Net income attributable to common stock

50,995

Average number of shares
736,985(Thousands of shares)

3. The basis of calculation for net assets per share is as follows.
(Millions of yen)
As of March 31, 2015
Total net assets

1,025,771

Amount to be deducted from total net
249,837

assetsMinority interests

249,837

Net assets at end of year attributable to775,934

common stock
Number of common shares outstandingat end of year used to calculate net

736,985

assets per share (Thousands of shares)12

<Reference>

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2015
1. Commission received(1) Breakdown by item
(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

FY2013(From April 1, 2013
to March 31, 2014)

Commission to consignees

Increase(Decrease)44,95038,828(6,121)

Stocks44,00637,060(6,946)

Bonds

242

435

192

43,20747,217

4,010

Commission for underwriting, secondary
distribution and solicitation for selling andothers for professional investors

Stocks18,856

12,461(6,395)

Bonds

24,35034,756

10,40562,94860,106(2,841)

61,86457,852(4,011)

91,472

85,672(5,799)Fee for offering, secondary distribution andsolicitation for selling and others for
professional investors

Beneficiary certificates
Other fees received
Beneficiary certificates
Total

53,72453,658(66)

242,578

231,825(10,752)

FY2013(From April 1, 2013
to March 31, 2014)

FY2014(From April 1, 2014
to March 31, 2015)(2) Breakdown by product(Millions of yen)
Increase(Decrease)

Stocks

68,75751,383(17,374)

Bonds

26,92539,01512,089Beneficiary certificates

116,225

112,784(3,440)Other

30,66928,642(2,027)

Total

242,578

231,825(10,752)

2. Net trading income(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

FY2013(From April 1, 2013
to March 31, 2014)

Increase(Decrease)

Stocks64,676

43,072(21,604)

Bonds

151,234

153,580

2,346

Other

(5,463)(18,705)(13,242)

Total

210,448

177,948(32,499)

13

<Reference>

Quarterly Trends in Consolidated Statements of Income(Millions of yen)
4Q of FY2013(January 1 toMarch 31, 2014)

Operating revenue

1Q of FY2014(April 1 toJune 30, 2014)

2Q of FY2014(July 1 to
September 30, 2014)

3Q of FY2014(October 1 to
December 31, 2014)

4Q of FY2014(January 1 toMarch 31, 2015)

127,021

120,894

103,159

112,996

139,365

60,35051,65455,34160,48164,347

Commission to consignees

7,648

7,195

10,530

10,205

10,896

Stocks

7,401

6,801

10,112

9,757

10,388

Bonds

54

220

135

13

66

15,273

9,462

11,343

12,111

14,299Stocks

7,548

2,971

3,222

3,038

3,228

Bonds

7,725

6,490

8,121

9,073

11,071

14,28813,503

14,873

14,303

17,425

Beneficiary certificates

13,70313,007

14,312

13,84916,682Other fees received

23,13921,493

18,59323,85921,726

Beneficiary certificates

12,666

12,75813,125

13,752

14,022

49,34739,652

37,11457,78943,392

Net trading income fromsecurities (stocks)

9,085

5,421

16,482

19,0332,135

Net trading income from bonds

30,45037,39236,50839,62440,056

Other net trading income

9,810(3,161)(15,876)

(868)

1,200

(134)

1

(17)

0

(3)

Commission received

Commission for underwriting
secondary distribution andsolicitation for selling and others for
professional investors

Fee for offering, secondary
distribution and solicitation for
selling and others for professional
investors

Net trading income

Net gain on private equity and othersecurities

－

－

1

－

0

11,332

11,85020,55621,093

19,285

Financial expenses

12,38011,553

9,969

14,171

11,090Net operating revenue

108,51491,605103,027

125,193

115,930

Selling, general and administrative
expenses

84,846

82,61580,24885,63496,576

Trading related expenses

27,361

23,14825,65029,38031,159Personnel expenses

36,17632,56434,45335,23443,050Real estate expenses

5,975

5,319

5,645

5,804

5,846

Office cost

8,650

7,991

8,288

8,293

8,551

Depreciation

3,728

3,396

3,556

3,974

4,224

Taxes and dues

488

8,156

677

1,159

1,397

2,466

2,038

1,977

1,788

2,346

Other net gain on goods trading
Financial revenue

Other
Operating income

23,667

8,990

22,77839,55919,354Non-operating income

3,940

3,165

9,186

5,655

8,833

Non-operating expenses

1,146

292

1,121

801

377

Ordinary income

26,461

11,86330,842

44,41327,810Extraordinary income

257

4,025

3,976

808

595

Extraordinary loss
Income before income taxes andminority interests
Income taxes-current

2,279

90

240

130

1,982

24,43915,79834,57945,092

26,423

4,524

1,424

5,025

15,167

11,844

Income taxes-deferred

2,851

5,698

4,631

(985)

(5,057)

Total income taxes

7,375

7,123

9,656

14,181

6,787

Income before minority interests

17,064

8,675

24,92230,91019,635

Minority interests in income (loss)

6,258

(433)

10,563

12,523

10,496

Net income

10,806

9,109

14,35918,387

9,139

14

<Reference>

Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd.
for the Fiscal Year Ended March 31, 2015
(1) Consolidated operating results(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

Operating revenue
Commission received
Net trading income
Net operating revenue
Operating income
Ordinary income
Net income

353,233
163,227
160,873342,214106,721
107,451
74,789(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

Commission to consignees

36,042

Commission for underwriting, secondary distribution andsolicitation for selling and others for professional investors
Fee for offering, secondary distribution and solicitation for
selling and others for professional investors

Other fees received
Total

16,041
60,10651,036
163,227<Breakdown by product of commission received>(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

Stocks
Bonds
Beneficiary certificates
Other
Total

46,413
10,25780,53326,022
163,227<Net trading income>(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

Stocks
Bonds
Other
Total

36,452
156,486(32,065)
160,873(2) Consolidated financial position(Millions of yen)
As of March 31, 2015

Total assets
Net assets

14,601,584
398,156※Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. included Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. in the scope of consolidation on March 20, 2014
and the Company discloses consolidated operating results and consolidated financial position from the fiscal year ended March 31, 2015.

15

<Reference>(3) Non-consolidated operating results(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

FY2013(From April 1, 2013
to March 31, 2014)

Operating revenue
Commission received
Net trading income
Net operating revenue
Operating income
Ordinary income
Net income

321,842
165,465
136,984
312,984
116,340
117,808
121,123

309,252
142,156
138,038
298,455
91,22996,15372,036

Increase(Decrease)(12,589)(23,308)
1,053(14,529)(25,110)(21,654)(49,086)(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2013(From April 1, 2013
to March 31, 2014)

Commission to consignees
Commission for underwriting, secondary
distribution and solicitation for selling andothers for professional investors
Fee for offering, secondary distribution andsolicitation for selling and others for
professional investors

Other fees received
Total

FY2014(From April 1, 2014
to March 31, 2015)

Increase(Decrease)42,60635,553(7,052)

20,777

16,041(4,735)51,20644,591(6,614)50,875
165,465

45,969142,156(4,906)(23,308)<Breakdown by product of commission received>(Millions of yen)
FY2013(From April 1, 2013
to March 31, 2014)

Stocks
Bonds
Beneficiary certificates
Other
Total

FY2014(From April 1, 2014
to March 31, 2015)

64,745
5,764
68,00026,954
165,465

46,0408,468
61,73825,908142,156

Increase(Decrease)(18,704)
2,704(6,262)(1,045)(23,308)<Net trading income>(Millions of yen)
FY2014(From April 1, 2014
to March 31, 2015)

FY2013(From April 1, 2013
to March 31, 2014)

Stocks
Bonds
Other
Total

48,28896,180(7,484)
136,984

31,551
139,248(32,761)
138,038

Increase(Decrease)(16,736)
43,067(25,276)
1,053(4) Non-consolidated financial position(Millions of yen)
As of March 31, 2014

Total assets
Net assets

16,260,217
378,939

16

As of March 31, 2015

14,542,001
385,748

Increase(Decrease)(1,718,215)
6,809