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.

October 28, 2009

Consolidated Financial Results
for the Second 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 second quarter of fiscal year 2009
(from April 1, 2009 to September 30, 2009)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First six months of
FY2009First six months of
FY2008Net operating revenue% Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen%

192,322(33.3)

155,297

7.8

25,880405.5

31,960–288,254–

144,046

–

5,120

–

770

–

Net income

First six months of
FY2009First six months of
FY2008(Percentages indicate year-on-year changes.)

Net income per share

Diluted net
income per share

Millions of yen

%

Yen

Yen

22,448

–

31.31

31.31

(11,081)–(15.46)–(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

As of September 30,
2009

19,619,912

704,303

3.3

894.76

As of March 31, 2009

19,030,280

657,4383.1

833.60

Reference: Equity
As of September 30, 2009: 641,530 million yen
As of March 31, 2009:
Note:“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets.

1

597,679 million yen

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 September 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 September 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 six months of the fiscal year ending March 31, 2010:
716,985,496 sharesFirst six months of the fiscal year ended March 31, 2009:
716,985,496 shares* Other special mattersNone2[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 September 30, 2009

As of March 31, 2009
(Summary)

ASSETS
Current assets
Cash and deposits

139,357

154,772

Cash segregated as deposits

90,65977,545

Trading products

11,191,850

10,851,001

Trading securities and other

6,148,636

5,003,515

Derivatives

5,043,214

5,847,486–

350,229

Private equity and other securities

70,67371,432Margin transaction assets

65,84243,264Loans secured by securities

6,495,514

5,957,071

Short-term guarantee deposits

412,304

483,408

Short-term investment securities

274,025

89,827505

1,722

119,982

161,047

(711)

(138)

18,860,003

18,241,186

Property, plant and equipment

27,80028,280Intangible assets

49,00750,128Investments and other assets

683,101

710,685

Total noncurrent assets

759,908

789,094

19,619,912

19,030,280

Trade date accrual

Income taxes receivable
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets

Total assets

4

(Millions of yen)
As of September 30, 2009

As of March 31, 2009
(Summary)

LIABILITIESCurrent liabilities
Trading products

7,023,854

7,881,704

Trading securities and other

2,275,997

2,213,678

Derivatives

4,747,856

5,668,025

Trade date accrual

545,459–

Margin transaction liabilities

26,11824,409Loans payable secured by securities

7,988,073

7,443,137

Short-term loans payable

1,447,188

996,304

Current portion of long-term loans payable

89,65058,653

Commercial papers

147,000

146,500

Current portion of bonds

77,60753,453

Income taxes payable

5,832

6,931

Other current liabilities

584,809749,806

Total current liabilities

17,935,595

17,360,901

Bonds payable

665,558

650,370

Long-term loans payable

297,461

346,185

9,048

9,168

355

411

Other noncurrent liabilities

5,728

3,939

Total noncurrent liabilities

978,152

1,010,076

Reserve for financial products transaction
liabilities

1,861

1,864

Total reserves under the special laws

1,861

1,864

18,915,608

18,372,842

Capital stock

65,51865,518

Capital surplus

416,948

416,948

Retained earnings

185,436

170,580

Total shareholders’ equity

667,903

653,047(13,345)(19,687)

Noncurrent liabilities

Provision for retirement benefits
Provision for directors’ retirement benefits

Reserves under the special laws

Total liabilities
NET ASSETS
Shareholders’ equity

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

(16)

–

Foreign currency translation adjustment(13,011)(35,680)

Total valuation and translation adjustments(26,373)(55,368)0062,77359,758704,303

657,438

19,619,912

19,030,280

Deferred gains or losses on hedges

Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets5(2) Consolidated statements of income (cumulative)(Millions of yen)First six months of FY2008(From April 1, 2008
to September 30, 2008)

First six months of FY2009(From April 1, 2009
to September 30, 2009)

Operating revenue
Commission received

91,26591,082

Net trading income

60,45766,554

Net gain on private equity and other securities

4,637

(833)

0

(10)

Financial revenue

131,893

35,528

Total operating revenue

Other net gain on goods trading

288,254

192,322

Financial expenses

144,207

37,024

Net operating revenue

144,046

155,297

Selling, general and administrative expenses

138,926

129,417

5,120

25,880–4,480Operating income
Non-operating income
Interest income
Dividends income
Gain on valuation of investment securities

1,307

–

–

2,865

Other

1,817

734

Total non-operating income

3,124

8,081

4,647

264

Non-operating expenses
Equity in losses of affiliates
Foreign exchange losses

–

725

Other

2,826

1,011

Total non-operating expenses

7,473

2,001

770

31,960Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of noncurrent assets
Reversal of reserve for financial products
transaction liabilities
Total extraordinary income

61

988

7,370

0

874

3

8,306

991

Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities

1

8

13,163412

Compensation for damage, etc.

–

726

Loss related to M&A–

469

Merger expenses–

176

Impairment loss

1,530

138

Total extraordinary loss

14,695

1,932(5,618)31,019

Income (loss) before income taxes and minority
interests
Income taxes-current

6,381

7,424

Income taxes-deferred(6,234)(2,584)

147

4,839

Income taxes
Minority interests in income
Net income (loss)

6

5,315

3,731

(11,081)

22,448

(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 Second Quarter of the Fiscal Year Ending March 31, 2010
1. Commission received(1) Breakdown by item
(Millions of yen)

Commission to consigneesFirst six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

Increase(Decrease)

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

16,266

14,440(1,826)29,911

Stocks

15,883

14,216(1,666)29,311

Bonds

319

164

(155)

423

5,284

17,026

11,742

18,753

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

1,238

6,772

5,534

6,893

4,045

10,254

6,208

11,86012,56013,293732

18,42812,195

13,159964

17,937

57,154

46,322(10,831)101,031

48,10838,405(9,702)85,877

91,26591,082(183)

168,124First six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)(2) Breakdown by product(Millions of yen)

StocksIncrease(Decrease)
3,734

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

17,366

21,100

Bonds

36,598

5,043

10,9505,907

13,228Beneficiary certificates

60,36551,623(8,742)103,990

Other

8,490

7,408

(1,082)

14,307

Total

91,26591,082(183)

168,124First six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

2. Net trading income(Millions of yen)
Increase(Decrease)

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

Securities(2,844)7,700

10,544(37,763)

Bonds

61,08858,378(2,710)138,843

Other

2,213

476

(1,737)(19,360)

Total

60,45766,554

6,097

81,7188

Quarterly Trends in Consolidated Statements of Income
2Q of FY2008

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
Other
Ordinary 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)(Millions of yen)
1Q of FY2009 2Q of FY2009

3Q of FY2008

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

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

84,95539,751
7,844
7,730
42

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

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

89,51250,193
6,712
6,568
119

3,374

6,871

6,598

4,068

12,957

1,194
2,180

3,554
3,316

2,099
4,498

313
3,755

6,459
6,498

8,074

3,158

2,708

6,056

7,236

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

7,181
23,286
19,45322,485
13,86943,292(34,676)

3,257

(232)

(4,001)192(1,026)–
67,954
68,26776,519044,22656,41928,536

4
39,48035,251
57,3892
17,65522,98379,825(13)
17,873
14,04075,472

71,26060,964

58,62962,266

67,15022,932
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
19,7395
1,100

19,622
26,666
6,904
6,037
5,536
527
1,855
8,321
4,930
–
4,930
1,029
173
856
12,221
985
832(4,639)1,669(27,247)

18,644

12,375

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
13,2634,000(2,439)
1,628
9,184

9

Reference: Non-Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2010
(1) Non-consolidated operating results(Millions of yen)First six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

121,214112,363

Commission received

50,02549,633(392)

91,764

Net trading income

40,121

47,6297,508

45,561

Net operating revenue

98,752

104,327

5,574

149,087

Operating income (loss)(2,205)

7,346

9,552

(42,354)

Operating revenue

Ordinary income (loss)
Net income (loss)

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)(8,851)

190,503

517

8,580

8,063

(40,581)(16,065)

9,672

25,738(57,385)(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 six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

15,475

14,038(1,437)28,407

3,427

8,175

4,748

13,146

12,553

13,293739

18,420FY2008

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

Other fees received

18,56914,126(4,443)31,789Total

50,02549,633(392)

91,764<Breakdown by product of commission received>(Millions of yen)First six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

Stocks

16,83919,1942,355

35,544

Bonds

2,959

3,738

778

7,436

Beneficiary certificates

22,67021,073(1,596)35,748

Other

7,556

5,626

(1,930)13,035

Total

50,02549,633(392)

91,76410

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)<Net trading income>(Millions of yen)First six months of
FY2008First six months of
FY2009(From April 1, 2008
to September 30, 2008)(From April 1, 2009
to September 30, 2009)

Securities

2,984

4,664

1,680

(6,030)Bonds

35,09048,907

13,817103,391

Other

2,046

(5,942)(7,989)(51,799)

Total

40,121

47,6297,508

45,561

Increase(Decrease)

FY2008(From April 1, 2008
to March 31, 2009)(2) Non-consolidated financial position
As of
September 30, 2009

As of March 31, 2009

Increase(Decrease)(Millions of yen)
As of
September 30, 2008

Total assets

12,063,276

12,952,628(889,351)

13,929,422

Net assets

632,724

628,084

4,640

673,754

330.9

353.7

(22.8)

277.3

Net capital regulation ratio(%)

11