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, 2017

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2017
[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 28, 2017
Scheduled date to file Securities Report:
June 28, 2017
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 2016
(from April 1, 2016 to March 31, 2017)(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%

FY2016404,497(14.7)

379,237(13.4)

64,111(20.5)

99,595(7.7)

FY2015474,449(1.7)

437,742

0.5

80,687(11.0)

107,857(6.2)

Profit attributable toowners of parent% Millions of yen

Ordinary income

Basic earnings
per share

Diluted earnings
per share

Profit attributable toowners of parent/equity

Yen
YenMillions of yen%
49,08566.60
FY2016
13.5
66.60
43,262 (15.2)–
FY201558.70(Note)
Comprehensive income
FY2016: 22,836 million yen (54.5)%
FY2015: 50,175 million yen(Reference) Equity in earnings (losses) of affiliates
FY2016: 29,248 million yen
FY2015: 19,578 million yen

%
6.8
5.6
(53.4)%(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

As of March 31, 2017

Millions of yen
30,493,167

Millions of yen
959,450%
2.2

Yen
915.70

As of March 31, 2016

31,023,040

1,033,030

2.5

1,053.38(Reference) Equity As of March 31, 2017: 674,860 million yen
As of March 31, 2016: 776,325 million yen(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Non-controlling interests) / Total assets

<* Notes>(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries
resulting in the change in scope of consolidation): Yes
Excluded: 1 company (MUFG Securities Americas Inc.)(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: Nonec. 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, 2017

736,985,496 shares

As of March 31, 2016

736,985,496 shares

Number of shares of treasury stock at the end of the period
As of March 31, 2017

– shares

As of March 31, 2016

– sharesAverage number of shares during the period
Fiscal year ended March 31, 2017

736,985,496 sharesFiscal year ended March 31, 2016

736,985,496 shares<*>This financial results report is not subject to audit.
<* 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. Change 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 equity

5. Notes to consolidated financial statements<Reference>
Consolidated Financial Results for the Fiscal Year Ended March 31, 2017
1. Commission received<Reference>
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for the Fiscal Year Ended March 31, 2017
(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, 2016
ASSETS
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

As of March 31, 2017

1,202,126
609,108
14,549,323
3,082,614
11,466,709
159,535
260,890
210,157

1,620,266
768,679
14,756,676
3,381,146
11,375,529
238,148287,718
206,61350,732

81,104

12,304,282

10,826,770

4,648,830

4,708,149

7,655,452
4,986
944,504
133
180,930

6,118,621
3,936
1,026,110
94,521
56,697

Income taxes receivable
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Equipment
Land
Construction in progress
Other
Intangible assets
Software

1,862
22,560116,868(0)30,357,113

629
19,253
108,582(0)29,807,989

37,50818,61012,162
4,724
1,797
213
100,035
62,27739,954
22,69012,3984,718
14132
109,11073,463

Other
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets

37,758528,383
497,255
31
4,284
4,551

35,646536,113494,546
12,363
3,793
4,192

Other
Allowance for doubtful accounts
Total non-current assets
Total assets

23,873(1,613)665,927
31,023,040

22,331(1,113)685,178
30,493,167

1

(Millions of yen)
As of March 31, 2016

As of March 31, 2017

LIABILITIESCurrent liabilities
Trading products

12,932,406

14,156,731

Trading securities and other

1,730,053

2,925,489

Derivatives

11,202,353

11,231,241

Margin transaction liabilities

162,002229,484

Borrowings on margin transactions

33,926

51,393

Cash received for securities lending on margintransactions

128,075

178,091

11,172,507

8,462,325

Cash received on debt credit transaction of securities

2,590,459

2,465,473

Borrowings on Gensaki transactions

8,582,047

5,996,852

Loans payable secured by securities

Deposits received

433,688533,224

Guarantee deposits received

1,559,515

1,744,172

Short-term loans payable

1,147,689

1,855,938

Current portion of bonds

169,048

137,573

Current portion of long-term loans payable

71,548122,820

Commercial papers

735,924

592,078

Income taxes payable

12,084

11,192

Provision for bonuses

36,40026,530

Provision for contingent loss

275

1,336

Asset retirement obligations

1,055

6

Other current liabilities

135,133

112,977

Total current liabilities

28,569,280

27,986,392

Bonds payable

918,311

1,022,165

Long-term loans payable

488,815

505,000

Deferred tax liabilities

1,390

2,868

Net defined benefit liability

1,826

3,249

Non-current liabilities

Provision for directors’ retirement benefits
Asset retirement obligations

19

30

5,629

7,634

Other non-current liabilities

504

2,301

Total non-current liabilities

1,416,497

1,543,249

4,232

4,075

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

2

4,232

4,075

29,990,010

29,533,717

(Millions of yen)
As of March 31, 2016

As of March 31, 2017

NET ASSETS
Shareholders’ equity
Capital stock

75,51875,518

Capital surplus

451,480

438,916

Retained earnings

228,089

185,688

Total shareholders’ equity

755,089

700,123

Valuation difference on available-for-sale securities

690

840

Deferred gains or losses on hedges

(37)

43

Foreign currency translation adjustment

19,508(26,992)

Remeasurements of defined benefit plans

1,074

846

Total accumulated other comprehensive income

21,236(25,262)

Accumulated other comprehensive income

Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

3

－

16

256,704

284,574

1,033,030

959,450

31,023,040

30,493,167

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

For the fiscal year ended
March 31, 2016
(From April 1, 2015
to March 31, 2016)
Operating revenue
Commission received
Net trading income
Financial revenue
Other operating 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
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Loss on valuation of derivatives
Loss on retirement of non-current assets
Loss on operational errors
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Reversal of reserve for financial products transaction liabilities
Total extraordinary income
Extraordinary losses
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on sales of non-current assets
Impairment loss
Loss on change in equity
Provision of reserve for financial products transaction liabilities
Head office transfer cost
Provision for contingent loss
Other
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

4(Millions of yen)
For the fiscal year ended
March 31, 2017
(From April 1, 2016
to March 31, 2017)

226,105
178,770
69,573
0474,449
36,706
437,742

173,279
179,112
52,105
0404,497
25,260379,237

122,518
133,462
26,69633,844
21,077
10,0899,365
357,055
80,68798,435
120,415
26,09031,60723,0197,179
8,377
315,125
64,111

4,148
19,578
4,158
27,885

4,351
29,2483,475
37,075

195
269
－
249
715
107,857

－
859
350
381
1,591
99,595

275
－
275

23
156
180

26
23
－
710
1,884
460
2
－
406
3,513
104,619
35,556(1,585)33,97170,647
27,38443,262

53
－
3
474
－
－
1,657
1,276
－
3,465
96,31020,1691,525
21,69574,61525,52949,085

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
For the fiscal year ended
March 31, 2016
(From April 1, 2015
to March 31, 2016)
ProfitOther 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 entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

5

For the fiscal year ended
March 31, 2017
(From April 1, 2016
to March 31, 2017)

70,647

74,615(7,567)31(9,311)(3,138)128
82(51,678)
(174)

(485)

(137)

(20,471)
50,175(51,779)
22,83623,99926,175(2,351)
25,187

(3) Consolidated statements of changes in equity
For the fiscal year ended March 31, 2016 (From April 1, 2015 to March 31, 2016)(Millions of yen)
Shareholders’ equity

Accumulated other comprehensive income
Valuationdifference
Totalonshareholders
available’ equity
for-salesecurities

Deferred
gains orlosses onhedges

Total
Foreign
Remeasurements accumulated
currency
otherof defined benefit
translation
comprehensiveplans
adjustment
incomeSubscripton
Nonrights to controllingsharesinterests

Total net
assets－1,025,771

Capitalstock

CapitalsurplusRetainedearnings

75,518452,817

207,098

735,434

Dividends from surplus(22,271)(22,271)(22,271)

Profit attributable to owners of parent

43,26243,26243,262－－－(1,336)(1,336)(1,336)

Partial sale of shares of subsidiaries

－

－

－

Change in ownership interest of parent due totransactions with non-controlling interests

－

－

－

Balance at the beginning of current period

8,833

(134)

28,811

2,988

40,499249,837

Changes of items during the period

Change of scope consolidation
Additional purchase of shares of subsidiaries

Net changes of items other than shareholders'equityTotal changes of items during the period
Balance at the end of current period(8,143)97(9,302)(1,914)(19,262)－

6,866(12,396)－(1,336)20,991

19,654(8,143)97(9,302)(1,914)(19,262)

－

6,866

7,258

75,518451,480

228,089

755,089690(37)

19,508

1,074

21,236－

256,704

1,033,030

For the fiscal year ended March 31, 2017 (From April 1, 2016 to March 31, 2017)(Millions of yen)
Shareholders’ equity

Accumulated other comprehensive income
Valuationdifference
Totalonshareholders
available’ equity
for-salesecurities

Deferred
gains orlosses onhedges

Total
Foreign
Remeasurements accumulated
currency
otherof defined benefit
translation
comprehensiveplans
adjustment
incomeSubscripton
Nonrights to controllingsharesinterests

Total net
assets－1,033,030

Capitalstock

CapitalsurplusRetainedearnings

75,518451,480

228,089

755,089

Dividends from surplus(73,583)(73,583)(73,583)

Profit attributable to owners of parent

49,08549,08549,085

Change of scope consolidation(17,903)(17,903)(17,903)

(564)

(564)

(564)

0

0

0

(12,000)(12,000)(12,000)

Balance at the beginning of current period

690

(37)

19,508

1,074

21,236

256,704

Changes of items during the period

Additional purchase of shares of subsidiaries
Partial sale of shares of subsidiaries
Change in ownership interest of parent due totransactions with non-controlling interests
Net changes of items other than shareholders'equityTotal changes of items during the period
Balance at the end of current period

149

80

(46,501)(227)(46,499)

16

27,869(18,613)－(12,564)(42,401)(54,966)

149

80(46,501)(227)(46,499)

16

27,869(73,579)

75,518438,916

185,688

700,123840

43(26,992)846(25,262)16

284,574

959,4506

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: 11 companies (previous year: 13 companies)
Names of consolidated subsidiaries
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd.
kabu.com Securities Co., Ltd.
MUS Business Service Co., Ltd.
MUS Information Systems Co., Ltd.
MUFG Securities EMEA plc (Note 1)
Mitsubishi UFJ Wealth Management Bank (Switzerland), Ltd.
SL16, Limited (Note 2)
MUFG Securities Asia Limited (Note 3)
MUFG Securities Asia (Singapore) Limited (Note 4)
MM Partnership(Notes)1. MUFG Securities EMEA plc has changed its trade name from Mitsubishi UFJ Securities
International plc.
2. SL16,Limited has changed its trade name from Mitsubishi UFJ Securities (HK)
Holdings, Limited.
3. MUFG Securities Asia Limited has changed its trade name from Mitsubishi UFJ
Securities (HK), Limited.
4. MUFG Securities Asia (Singapore) Limited has changed its trade name from Mitsubishi
UFJ Securities (Singapore), Limited.
(Exclusion)
MUFG Securities Americas Inc.
MUFG Securities (Canada), Ltd.
The above two companies were excluded from the scope of consolidation due to the Company
distributing a property dividend of all shares of MUFG Securities Americas Inc. to Mitsubishi
UFJ Financial Group, Inc. (“MUFG”), the Company’s parent company. MUFG Securities
Americas Inc. has changed its trade name from Mitsubishi UFJ Securities (USA), Inc.
2. Application of the equity method
Number of affiliates under the equity method: 3 companies (previous year: 3 companies)
Names of affiliates under the equity method
Morgan Stanley MUFG Securities Co., Ltd.
Mitsubishi UFJ Kokusai Asset Management 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 6 subsidiaries
End of March
5 subsidiaries
Of the consolidated subsidiaries whose financial closing date differs from the consolidated
financial closing date, 6 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.

74. Accounting policies(1)Accounting standards for major allowances
1) Allowance for doubtful accounts
In order to prepare for loan losses, the allowance is provided based on the historical experience withrespect to write-offs for general debentures. For specific debentures including doubtful accounts, anindividual estimate of the amount of uncollectible accounts is provided as the allowance.
2) Provision for bonuses
In order to prepare for the payment of bonuses to employees, the provision is provided at an estimateof the amount to be paid according to the prescribed calculation method.
3) Provision for directors’ bonuses
In order to prepare for the payment of directors’ bonuses, the provision is provided at an estimate of
the amount to be paid.
4) Provision for contingent loss
In order to prepare for possible losses from contingent events related to litigation matter andregulatory actions, the provision is calculated by estimating the impact of such contingent events.
5) Provision for directors’ retirement benefits
In order to prepare for the payment of directors’ retirement benefits, some of the consolidated
subsidiaries record the amount accrued on the consolidated balance sheet date based on internal rules.

(2)Major hedge accounting
1) Hedge accounting
The fair value hedge and the deferred hedge that specify currency swaps, foreign exchange
contracts and interest rate swaps 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 (short-term investment securities andinvestment securities)
b. Interest rate volatility risk
Hedging instruments
Interest rate swaps
Hedged items
Short-term investment securities and 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, while interest
rate swap contracts are used to avoid the interest rate volatility risk in some short-term
investment securities and 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.

Disclosure of the items other than above was omitted because there were no significant changes from thelatest Securities Report (submitted on June 28, 2016).

8

4.

Change in accounting policies(Method of depreciation and amortization of major depreciable and amortizable assets)
Following the revision to the Corporation Tax Act, some domestic consolidated subsidiaries
have applied the “Practical Solution on a Change in Depreciation Method Due to Tax Reform
2016” (ASBJ PITF No. 32, June 17, 2016) from the fiscal year ended March 31, 2017, andchanged the depreciation method for facilities attached to buildings and structures acquired on
or after April 1, 2016 from the declining balance method to the straight-line method.
In addition, the effect of this change on operating income, ordinary income, and profit before
income taxes for the fiscal year ended March 31, 2017 is immaterial.

95.

Notes to consolidated financial statements(Segment information)
For the fiscal year ended March 31, 2017 (From April 1, 2016 to March 31, 2017)
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 the financial instruments business in many areasand provides 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 and assesses 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 is identified as reportable segments: “Securities Brokerage (Japan),” “Securities Brokerage(U.K.)” and “Securities Brokerage (U.S.A.).”“Securities Brokerage” provides customers with broader investment and financing services from both
funding and investment aspects.
Although MUFG Securities Americas Inc. (“MUSA”) and its subsidiary, MUFG Securities (Canada), Ltd.
were excluded from the Company’s scope of consolidation on July 1, 2016, the Company continues to
identify “Securities Brokerage (U.S.A.)” as reportable segment because it will continue to include bothcompanies in its internal revenue management. The Company reconciles the difference between the total
amounts in reportable segments and the amount on the consolidated financial statements by using the“Adjustment.”
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.

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.)Net operating revenue
Net operating revenue
309,179
39,674from external customers
Inter-segment net
operating revenue or
6,891
5,186
transfers
Total
316,070
44,860
Segment profit
43,797
5,592
Segment assets
15,866,522 15,035,921
Other items:
Depreciation
19,844
2,199
Amortization of––
goodwillInterest income
04,350Interest expenses––
Share of profit (loss)of entities accounted––
for using equity
methodExtraordinary income
1,505–
Gain on sales of
1,349–
investment securities
Reversal of reservefor financial products
156–
transaction liabilities
Extraordinary losses
2,065
1,276
Impairment loss
435–
Head office transfer
1,626
–
cost
Provision for–
1,276
contingent loss
Taxes
18,494
1,806
Investment to entities
accounted for using the––equity method
Increase in property,
plant and equipment
42,2382,887
and intangible assets

Securities
Brokerage(U.S.A.)

Other(Note 1)

Total

Total

51,770400,623

5,895

406,519(27,282)379,237

2,518

14,596

26,96541,561(41,561)–

54,288415,220
7,308
56,6983,407,552 34,309,995

32,86132,3192,413,131

448,081
89,01836,723,126(68,843)(39,932)(6,229,959)

379,237
49,08530,493,167

822

22,866971

23,837(817)

23,019

–

–

–

–

2,077

2,077

–
–

4,351
–

0
39

4,351
39

–
(39)

4,351
–

–

–

–

–

29,24829,248

–

1,505

29

1,535

(1,354)

180

–

1,349

3

1,352

(1,328)

23

–

156

–

156

–

156

–
–

3,342
435

75
39

3,417
474

47
(0)

3,465
474

–

1,626

31

1,657

–

1,657

–

1,276

–

1,276

–

1,276

4,778

25,079(512)

24,567(2,872)

21,695––441,869

441,869(150,181)

291,688

1,417

46,542789

47,331(1,476)45,855(Notes) 1. “Other” includes the holding company of securities companies and others.
2. Adjustment includes the following:(1) Adjustment to net operating revenue from external customers, amounting to (27,282) million yen, is
mainly the adjustments of net operating revenue from external customers in relation to MUSA and its
subsidiary MUFG Securities (Canada), Ltd., which were excluded from the scope of consolidation of
the Company.
(2) Adjustment to segment profit, amounting to (39,932) million yen, includes (34,989) million yen of
eliminations of inter-segment transactions and (4,763) million yen of the adjustments of profit inrelation to MUSA and its subsidiary MUFG Securities (Canada), Ltd., which were excluded from thescope of consolidation of the Company.
(3) Adjustment to segment assets, amounting to (6,229,959) million yen, includes (3,407,552) million
yen of assets in relation to MUSA and its subsidiary MUFG Securities (Canada), Ltd., which were
excluded from the scope of consolidation of the Company, and (2,747,394) million yen of
eliminations of assets and liabilities between segments.
3. Segment profit is adjusted to be consistent with profit attributable to owners of parent for the fiscal year
ended March 31, 2017.

11

(Per share information)
FY2016(From April 1, 2016
to March 31, 2017)

Net assets per share (Yen)915.70

Basic earnings per share (Yen)

66.60

Diluted earnings per share (Yen)

66.60(Notes)1. The basis of calculation for basic earnings per share and diluted earnings per share is as follows.
(Millions of yen)
FY2016(From April 1, 2016
to March 31, 2017)(1) Basic earnings per share (Yen)

66.60

Profit attributable to owners of parent

49,085

Amounts not attributable to common–shareholders
Profit attributable to owners of parent related

49,085to common stock
Average number of common shares

736,985(Thousands of shares)(2)Diluted earnings per share (Yen)

66.60

Adjustments of profit attributable to owners(0)of parent
Adjustments due to potential shares issued(0)by consolidated subsidiaries
Increase in common share–(Thousands of shares)
Summary of potential shares that are notincluded in calculation of diluted earnings per–

share due to a lack of dilution effect
2. The basis of calculation for net assets per share is as follows.
(Millions of yen)
As of March 31, 2017
Total net assets

959,450

Amounts to be deducted from total net assets

284,590

Non-controlling interests

284,574

Net assets at the end of the period related to674,860

common stock
Number of common shares outstanding at theend of the period used to calculate net assets per

736,985

share (Thousands of shares)12

<Reference>

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2017
1. Commission received(1) Breakdown by item
(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

FY2016(From April 1, 2016
to March 31, 2017)46,662

39,056(7,605)

Stocks43,931

37,253(6,677)

Bonds

310

78

(232)

54,157

36,696(17,461)

Stocks17,407

11,537(5,869)Bonds

36,75025,158(11,591)

49,70235,623(14,078)

47,506

31,860(15,645)

75,582

61,901(13,681)Commission to consignees

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

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

Beneficiary certificates
Other fees received
Beneficiary certificates

Increase(Decrease)

33,022

22,299(10,723)

226,105

173,279(52,825)

FY2015(From April 1, 2015
to March 31, 2016)

FY2016(From April 1, 2016
to March 31, 2017)

Stocks

66,47452,448(14,025)

Bonds

41,54030,997(10,543)

Beneficiary certificates

82,53055,678(26,851)

Total(2) Breakdown by product(Millions of yen)
Increase(Decrease)Other

35,55934,153(1,405)

Total

226,105

173,279(52,825)

FY2015(From April 1, 2015
to March 31, 2016)

FY2016(From April 1, 2016
to March 31, 2017)

Stocks37,57429,210(8,364)

Bonds and other *141,196

149,902

8,706

Total

178,770

179,112342

２．Net trading income(Millions of yen)
Increase(Decrease)* "Net trading income from bonds" and "Net trading income from other" are reclassified as "Net trading income frombonds and other" from this fiscal year.

13

<Reference>

Quarterly Trends in Consolidated Statements of Income(Millions of yen)
4Q of FY2015(January 1 toMarch 31, 2016)

Operating revenue

1Q of FY2016(April 1 toJune 30, 2016)

2Q of FY2016(July 1 to
September 30, 2016)

3Q of FY2016(October 1 to
December 31, 2016)

4Q of FY2016(January 1 toMarch 31, 2017)

116,879

109,218

98,805

101,774

87,03849,844

39,63345,88338,77948,983

Commission to consignees

9,798

8,836

9,108

11,062

10,049Stocks

9,142

8,274

8,697

10,546

9,735

Bonds

45

23

24

15

14

9,453

10,13013,195

5,299

8,071

Commission received

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

Stocks

1,688

2,548

3,131

2,636

3,221

Bonds

7,765

7,581

10,063

2,662

4,850

7,283

7,657

8,058

7,953

11,955

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

Beneficiary certificates

6,684

6,789

7,107

7,351

10,612Other fees received

23,30913,00915,521

14,46318,906

Beneficiary certificates

5,524

5,408

5,486

5,761

5,643

42,49842,55738,88941,52456,141

Net trading income from securities (stocks)

15,555(14,133)

2,508

12,40728,427

Net trading income from bonds and other *26,942

56,69036,38029,117

27,714

16,876

16,61317,001

6,735

11,755

－

0

0

－

－

Financial expenses

8,888

11,213

4,341

4,018

5,687

Net operating revenue

100,329

87,592

97,432

83,020111,191

Selling, general and administrative expenses

85,50778,48982,486

69,60784,542

Trading related expenses

29,651

23,19023,962

21,281

30,001

Personnel expenses

30,68530,53534,317

25,661

29,900Real estate expenses

7,974

6,800

7,015

5,888

6,386

Office cost

7,947

7,764

7,971

7,795

8,076

Net trading income

Financial revenue
Other operating revenue

Depreciation

5,846

5,957

5,475

5,472

6,113

Taxes and dues

1,036

2,118

1,333

2,031

1,695

Other

2,365

2,122

2,410

1,475

2,369

Operating income

14,822

9,103

14,946

13,413

26,648Non-operating income

8,160

12,541

11,942

5,380

7,210

Non-operating expenses

102

107

680

(30)

833

22,88021,536

26,20818,82333,026Extraordinary income

－

196

(1)

19

(34)

Extraordinary losses

545

455

427

1,806

775

Profit before income taxes

22,335

21,27825,77917,03732,215

Income taxes-current

7,826

137

5,165

5,540

9,325

Income taxes-deferred(1,599)

1,671

296

(1,266)825

Total income taxes

6,226

1,808

5,461

4,274

10,150

Profit16,10819,46920,31812,76322,064

Profit attributable to non-controlling interests

7,364

4,597

7,990

3,840

9,099

Profit attributable to owners of parent

8,743

14,872

12,327

8,922

12,964

Ordinary income* "Net trading income from bonds" and "Net trading income from other" are reclassified as "Net trading income from bonds and other" from the fiscal year ended
March 31, 2017.

14

<Reference>

Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd.
for the Fiscal Year Ended March 31, 2017
(1) Consolidated operating results(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

Operating revenue
Commission received
Net trading income
Net operating revenue
Operating income
Ordinary income
Profit attributable to owners of parent

341,375
167,551
152,745
331,470
79,05980,17551,813

FY2016(From April 1, 2016
to March 31, 2017)

303,649
139,146
142,930
295,082
52,44053,802
34,429

Increase(Decrease)(37,726)(28,405)(9,815)(36,388)(26,619)(26,372)(17,384)(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

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

FY2016(From April 1, 2016
to March 31, 2017)

Increase(Decrease)35,06029,991(5,068)18,993

16,400(2,593)49,41735,479(13,938)

64,080167,551

57,275
139,146(6,804)(28,405)<Breakdown by product of commission received>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

Stocks
Bonds
Beneficiary certificates
Other
Total

51,142
10,51872,45333,438167,551

FY2016(From April 1, 2016
to March 31, 2017)

41,402
12,93454,91829,891
139,146

Increase(Decrease)(9,739)2,416(17,534)(3,546)(28,405)<Net trading income>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

StocksBonds and other *Total38,259114,486
152,745

FY2016(From April 1, 2016
to March 31, 2017)36,875106,054
142,930

Increase(Decrease)(1,384)(8,431)(9,815)* "Net trading income from bonds" and "Net trading income from other" are reclassified as "Net trading income frombonds and other" from this fiscal year.

(2) Consolidated financial position(Millions of yen)
As of March 31, 2016

Total assets
Net assets

14,118,686
392,960

15

As of March 31, 2017

14,964,282
427,529

Increase(Decrease)845,595
34,569

<Reference>(3) Non-consolidated operating results(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

Operating revenue
Commission received
Net trading income
Net operating revenue
Operating income
Ordinary income
Profit302,534
149,536
132,248
292,897
66,95877,84455,749FY2016(From April 1, 2016
to March 31, 2017)

270,069
122,569
126,070
261,784
43,56450,48235,720

Increase(Decrease)(32,464)(26,967)(6,177)(31,113)(23,394)(27,361)(20,029)(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

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

FY2016(From April 1, 2016
to March 31, 2017)

Increase(Decrease)34,42929,156(5,273)18,993

16,400(2,593)38,216

25,695(12,521)57,896
149,536

51,317
122,569(6,579)(26,967)<Breakdown by product of commission received>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

Stocks
Bonds
Beneficiary certificates
Other
Total

50,7198,908
56,702
33,205
149,536

FY2016(From April 1, 2016
to March 31, 2017)

40,741
10,664
41,56029,602
122,569

Increase(Decrease)(9,978)1,756(15,142)(3,603)(26,967)<Net trading income>(Millions of yen)
FY2015(From April 1, 2015
to March 31, 2016)

StocksBonds and other *Total33,132
99,115132,248

FY2016(From April 1, 2016
to March 31, 2017)32,137
93,932126,070

Increase(Decrease)(994)(5,182)(6,177)* "Net trading income from bonds" and "Net trading income from other" are reclassified as "Net trading income frombonds and other" from this fiscal year.

(4) Non-consolidated financial position(Millions of yen)
As of March 31, 2016

Total assets
Net assets

14,064,602
388,391

16

As of March 31, 2017

14,900,816
424,278

Increase(Decrease)836,21435,886