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.

July 29, 2009

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2010
Company name: Mitsubishi UFJ Securities Co., Ltd.
URL:
http://www.sc.mufg.jp/
Representative: Fumiyuki Akikusa, President
Contact:
Hirofumi Noda, General Manager, Corporate Planning Division
TEL: (03) 6213-6900(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the first quarter of fiscal year 2009
(from April 1, 2009 to June 30, 2009)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First three months ofFY2009First three months ofFY2008

Net operating revenue% Millions of yen

Operating income

Ordinary income% Millions of yen% Millions of yen%

102,809(28.3)

79,82518.2

17,559–19,739–143,467–

67,527–(138)–(448)–Net income

First three months ofFY2009First three months ofFY2008(Percentages indicate year-on-year changes.)

Net income per share

Diluted net
income per share

Millions of yen%

Yen

Yen

13,263–

18.50

18.50

(6,909)–(9.64)–(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

As of June 30, 2009

19,192,597

680,5133.2

864.15

As of March 31, 2009

19,030,280

657,4383.1

833.60

Reference: Equity
As of June 30, 2009: 619,581 million yen
As of March 31, 2009: 597,679 million yenNote:“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets
.

1

2.

Matters on preparing the quarterly consolidated financial statements and others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in
the change in scope of consolidation): None
(2) Application of simplified accounting and particular accounting for preparing the quarterly
consolidated financial statements: None
(3) Changes in accounting policies, procedures, and methods of presentation for preparing the quarterly
consolidated financial statements (changes described in the section indicating changes in significant
matters forming the basis of preparing the quarterly consolidated financial statements)
a. Changes due to revisions to accounting standards: Noneb. Changes due to other reasons: None
(4) Number of issued shares (common stock)a. Total number of issued shares at the end of the period (including treasury stock)
As of June 30, 2009:
716,985,496 shares
As of March 31, 2009:
716,985,496 sharesb. Number of shares of treasury stock at the end of the period
As of June 30, 2009:– shares
As of March 31, 2009:– sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
First three months of the fiscal year ending March 31, 2010:
716,985,496 sharesFirst three months of the fiscal year ended March 31, 2009:
716,985,496 shares* Other special matters
None2

[Financial Statements]
1.

Matters on preparing the quarterly consolidated financial statements and others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
resulting in the change in scope of consolidation)
None(2) Application of simplified accounting and particular accounting for preparing the quarterly
consolidated financial statements
None(3) Changes in accounting policies, procedures, and methods of presentation for preparing thequarterly consolidated financial statements
None3

2. Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of June 30, 2009

As of March 31, 2009
(Summary)

ASSETS
Current assets
Cash and deposits

184,274

154,772

88,54977,545

10,786,846

10,851,001

Trading securities and other

5,348,688

5,003,515

Derivatives

5,438,158

5,847,486

Trade date accrual

140,474

350,229

Private equity and other securities

70,82371,432Margin transaction assets

62,88543,264Loans secured by securities

6,422,609

5,957,071

Short-term guarantee deposits

369,419

483,408

Short-term investment securities

260,126

89,827

Income taxes receivable

2,070

1,722

Other current assets

63,847161,047

(285)

(138)

18,451,642

18,241,186

Property, plant and equipment

28,28328,280Intangible assets

50,23550,128Investments and other assets

662,434

710,685

Total noncurrent assets

740,954789,094

19,192,597

19,030,280

Cash segregated as deposits
Trading products

Allowance for doubtful accounts
Total current assets
Noncurrent assets

Total assets

4

(Millions of yen)
As of June 30, 2009

As of March 31, 2009
(Summary)

LIABILITIESCurrent liabilities
7,408,613

7,881,704

Trading securities and other

2,307,608

2,213,678

Derivatives

5,101,004

5,668,025

21,16924,409Loans payable secured by securities

8,137,663

7,443,137Short-term loans payable

1,055,699

996,304

Trading products

Margin transaction liabilities

Current portion of long-term loans payable

36,46958,653

Commercial papers

118,500

146,500

Current portion of bonds

61,57353,453

Income taxes payable

3,699

6,931

Other current liabilities

665,888749,806

Total current liabilities

17,509,275

17,360,901

Bonds payable

629,231

650,370

Long-term loans payable

354,382

346,185

Provision for retirement benefits

10,084

9,168

308

411

Other noncurrent liabilities

6,939

3,939

Total noncurrent liabilities

1,000,946

1,010,076

1,861

1,864

Noncurrent liabilities

Provision for directors' retirement benefits

Reserves under the special laws
Reserve for financial products transaction
liabilities

1,861

1,864

18,512,083

18,372,842

Capital stock

65,51865,518

Capital surplus

416,948

416,948

Retained earnings

176,251

170,580

Total shareholders' equity

658,718

653,047(11,481)(19,687)

Total reserves under the special laws
Total liabilities
NET ASSETS
Shareholders’ equity

Valuation and translation adjustments
Valuation difference on available-for-salesecurities

(35)

–

Foreign currency translation adjustment(27,620)(35,680)

Total valuation and translation adjustments(39,137)(55,368)00

Minority interests

60,93259,758

Total net assets

680,513657,438

19,192,597

19,030,280

Deferred gains or losses on hedges

Subscription rights to shares

Total liabilities and net assets5(2) Consolidated statements of income(Millions of yen)First three months of FY2008(From April 1, 2008
to June 30, 2008)

First three months of FY2009(From April 1, 2009
to June 30, 2009)

Commission received

43,92140,889Net trading income

34,22844,068Net gain on private equity and other securities

1,379

192

02

Operating revenue

Other net gain on goods trading
Financial revenue

63,93917,655

143,467

102,809

Financial expenses

75,93922,983

Net operating revenue

67,527

79,825

Selling, general and administrative expenses

67,66662,266(138)

17,559Dividends income

918–

Equity in earnings of affiliates

23–

Foreign exchange gains

–

1,216

Total operating revenue

Operating income (loss)
Non-operating income

–

1,481

644

453

1,5863,151

Interest expenses–

579

Equity in losses of affiliates

–

91

Other

1,895

301

Total non-operating expenses

1,895

971(448)

19,739Gain on sales of investment securities

172

Gain on sales of noncurrent assets

Gain on valuation of investment securities
Other
Total non-operating income
Non-operating expenses

Ordinary income (loss)
Extraordinary income–0

Reversal of reserve for financial products
transaction liabilities

873

3

Total extraordinary income

891

5–

4640

398–

697

781

–

Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities
Compensation for damage, etc.
Impairment loss

1,421

1,100

Income (loss) before income taxes and minorityinterests(978)18,644

Income taxes-current

2,715

3,423

Total extraordinary loss

673

(145)

Income taxes

3,388

3,277

Minority interests in income

2,542

2,102

Net income (loss)(6,909)13,263

Income taxes-deferred6(3) Notes on premise of going concern
None(4) Notes on significant changes in the amount of shareholders’ equity
None

7Reference: Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2010
1. Commission received(1) Breakdown by item
(Millions of yen)First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)

9,146

7,727

(1,418)29,911

Stocks

8,971

7,648

(1,323)29,311

Bonds

138

44

(93)

423

1,909

4,068

2,158

18,753

Commission to consignees

Commission forunderwriting, secondary
distribution and solicitation
for selling and others for
professional investors
Stocks
Bonds
Fee for offering, secondary
distribution and solicitation
for selling and others for
professional investors
Beneficiary certificates
Other fees received
Beneficiary certificates
Total

Increase(Decrease)

FY2008(From April 1, 2008
to March 31, 2009)

44313

269

6,893

1,865

3,755

1,889

11,860

4,486

6,056

1,570

18,428

4,219

5,977

1,758

17,93728,37823,036(5,342)

101,031

23,86818,951(4,916)85,87743,92140,889(3,031)

168,124(2) Breakdown by product(Millions of yen)

StocksFirst three months ofFY2008

First three months ofFY2009(From April 1, 2008to June 30, 2008)(From April 1, 2009
to June 30, 2009)

9,074

8,015

Increase(Decrease)(1,059)FY2008(From April 1, 2008
to March 31, 2009)

36,598

Bonds

2,409

4,073

1,663

13,228Beneficiary certificates

28,12324,963(3,159)103,990

Other

4,312

3,837

(475)

14,307

Total

43,92140,889(3,031)

168,124

2. Net trading income(Millions of yen)First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)(597)(6,169)(5,572)(37,763)

Bonds(4,930)15,08520,015

138,843

Other

39,75635,153(4,603)(19,360)

Total

34,22844,0689,840

81,718

Securities

8

Increase(Decrease)

FY2008(From April 1, 2008
to March 31, 2009)

Quarterly Trends in Consolidated Statements of Income
1Q of FY2008(April 1 toJune 30, 2008)

Operating revenue
Commission received
Commission to consignees
Stocks
Bonds
Commission for underwriting,secondary distribution andsolicitation for selling and others for
professional investors
Stocks
Bonds
Fee for offering, secondary
distribution and solicitation for
selling and others for professional
investors
Beneficiary certificates
Other fees received
Beneficiary certificates
Net trading income
Net trading income from securities
Net trading income from bonds
Other net trading income
Net gain on private equity and othersecurities
Other net gain on goods trading
Financial revenue
Financial expenses
Net operating revenue
Selling, general and administrative
expenses
Trading related expenses
Personal expenses
Real estate expenses
Office cost
Depreciation
Taxes and dues
Other
Operating income (loss)
Non-operating income
Equity in earnings of affiliates
Other
Non-operating expenses
Equity in losses of affiliates
OtherOrdinary income (loss)
Extraordinary income
Extraordinary loss
Income (loss) before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Minority interests in income
Net income (loss)

2Q of FY2008

3Q of FY2008(July 1 to
(October 1 to
September 30, 2008) December 31, 2008)(Millions of yen)
4Q of FY2008 1Q of FY2009(January 1 toMarch 31, 2009)(April 1 toJune 30, 2009)

143,467
43,921
9,146
8,971
138

144,786
47,344
7,120
6,911
181

84,95539,751
7,844
7,73042

92,641
37,107
5,801
5,696
61

102,80940,889
7,727
7,648
44

1,909

3,374

6,871

6,598

4,068

44
1,865

1,194
2,180

3,554
3,316

2,099
4,498

313
3,755

4,486

8,074

3,158

2,708

6,056

4,219
28,37823,86834,228(597)(4,930)39,756

7,975
28,77524,23926,229(2,247)66,019(37,542)

3,090
21,877
19,393
1,209(13,034)
32,387(18,143)

2,652
21,99918,376
20,051(21,885)
45,367(3,431)

5,977
23,036
18,95144,068(6,169)15,08535,153

1,379

3,257(232)(4,001)192

063,93975,93967,527–
67,954
68,26776,519044,22656,41928,536

4
39,48035,251
57,3892
17,65522,98379,82567,666

71,26060,964

58,62962,26622,152
26,272
6,266
5,839
4,683
848
1,603
(138)
1,586
23
1,563
1,895
–
1,895(448)
891
1,421

22,932
25,911
7,023
6,717
5,093
481
3,100
5,258
1,537(23)
1,561
5,578
4,647
930
1,218
7,414
13,273

18,67822,166
6,323
5,497
5,268
549
2,480(32,428)
32,368–32,368957
463
493(1,016)17(2,668)

22,62816,188
6,395
6,151
4,989
606
1,668
(1,239)(17,651)–(17,651)
3,650(412)
4,063(22,542)66
4,772

17,80926,416
6,143
4,625
5,167
819
1,284
17,559
3,151
－
3,151
971
91
880
19,739
5
1,100

(978)

(4,639)1,669(27,247)

18,644

2,715
673
2,542
(6,909)3,666(6,907)
2,772(4,171)

2,206
(117)
1,987
(2,406)

4,181(228)729(31,929)

3,423
(145)
2,102
13,2639

Reference: Non-Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2010
[Quarterly performance trends](1) Non-consolidated operating results(Millions of yen)First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)

59,79557,961(1,833)

Commission received

23,96621,125(2,840)91,764

Net trading income

26,65631,9005,244

45,561

Net operating revenue

49,38653,803

4,416

149,087

Operating income (loss)

(667)

6,781

7,448

(42,354)

Ordinary income (loss)

2,030

8,125

6,095

(40,581)Net income (loss)

1,907

7,223

5,316

(57,385)

Operating revenue

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)

190,503(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)

Commission to consignees
Commission forunderwriting, secondary
distribution and solicitation
for selling and others for
professional investors
Fee for offering, secondary
distribution and solicitation
for selling and others for
professional investors

First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)

9,006

7,658

(1,348)28,407

1,162

1,419

256

13,146

4,479

6,056

1,576

18,420FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)

Other fees received

9,316

5,992

(3,324)

31,789Total

23,96621,125(2,840)91,764<Breakdown by product of commission received>(Millions of yen)First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)

Stocks9,0387,963

Bonds

1,553

1,536

(16)

7,436

Beneficiary certificates

9,503

9,706

202

35,748FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)(1,074)35,544

Other

3,871

1,919

(1,952)

13,035

Total

23,96621,125(2,840)91,764

10

<Net trading income>(Millions of yen)First three months ofFY2008

First three months ofFY2009(From April 1, 2008
to June 30, 2008)(From April 1, 2009
to June 30, 2009)

5,419

5,365

Bonds

3,306

Other

17,930Total

26,656

Securities

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)(54)(6,030)13,085

9,779

103,391

13,449(4,480)(51,799)

31,9005,244

45,561(2) Non-consolidated financial position(Millions of yen)
As of June 30, 2009

As of March 31, 2009

Increase(Decrease)

As of June 30, 2008

Total assets

13,120,783

12,952,628

168,155

12,775,069

Net assets

632,291

628,084

4,206

688,390

362.1

353.7

8.4

306.6

Net capital regulation ratio(%)

11