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.

January 27, 2010

Consolidated Financial Results
for the Third 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 third quarter of fiscal year 2009
(from April 1, 2009 to December 31, 2009)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First nine months ofFY2009First nine months ofFY2008

Net operating revenue% Millions of yen

Operating income

Ordinary income% Millions of yen% Millions of yen%

265,985(28.7)

219,097

27.0

27,691–40,227–373,209–

172,583–(27,308)–(246)–Net income

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

Net income per share

Diluted net
income per share

Millions of yen%

YenYen25,139–

35.06

35.06

(13,487)–(18.81)–(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

As of December 31,
2009

21,082,041

690,355

3.0

872.76

As of March 31, 2009

19,030,280

657,4383.1

833.60

Reference: Equity
As of December 31, 2009: 625,755 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.

1597,679 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 December 31, 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 December 31, 2009:– shares
As of March 31, 2009:– sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
First nine months of the fiscal year ending March 31, 2010:
716,985,496 sharesFirst nine 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 December 31, 2009

As of March 31, 2009
(Summary)

ASSETS
Current assets
Cash and deposits

146,142

154,772

Cash segregated as deposits

87,156

77,545

Trading products

12,087,698

10,851,001

Trading securities and other

6,929,483

5,003,515

Derivatives

5,158,214

5,847,486–

350,229

Private equity and other securities

70,201

71,432Margin transaction assets

51,07743,264Loans secured by securities

7,105,050

5,957,071

Short-term guarantee deposits

447,405

483,408

Short-term investment securities

356,30289,827

1,387

1,722

155,420

161,047

(712)

(138)

20,507,130

18,241,186

Property, plant and equipment

26,50228,280Intangible assets

47,58850,128Investments and other assets

500,820710,685

Total noncurrent assets

574,910

789,094

21,082,041

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 December 31, 2009

As of March 31, 2009
(Summary)

LIABILITIESCurrent liabilities
Trading products

7,394,400

7,881,704

Trading securities and other

2,529,928

2,213,678

Derivatives

4,864,472

5,668,025

Trade date accrual

20,123–

Margin transaction liabilities

19,412

24,409Loans payable secured by securities

9,807,733

7,443,137

Short-term loans payable

1,175,077

996,304

Current portion of long-term loans payable

97,51358,653

Commercial papers

198,400

146,500

Current portion of bonds

77,15353,453

Income taxes payable

2,910

6,931

Other current liabilities

643,508

749,806

Total current liabilities

19,436,233

17,360,901

Bonds payable

656,536

650,370

Long-term loans payable

281,663

346,185

9,976

9,168

400

411

Other noncurrent liabilities

5,014

3,939

Total noncurrent liabilities

953,591

1,010,076

1,861

1,864

Noncurrent liabilities

Provision for retirement benefits
Provision for directors’ retirement benefits

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

1,861

1,864

20,391,685

18,372,842

Capital stock

65,51865,518

Capital surplus

416,948

416,948

Retained earnings

180,970

170,580

Total shareholders’ equity

663,438

653,047(11,435)(19,687)

Total liabilities
NET ASSETS
Shareholders’ equityValuation and translation adjustments
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

95–

Foreign currency translation adjustment(26,343)(35,680)

Total valuation and translation adjustments(37,683)(55,368)00

Minority interests

64,59959,758

Total net assets

690,355

657,438

21,082,041

19,030,280

Subscription rights to shares

Total liabilities and net assets5(2) Consolidated statements of income (cumulative)(Millions of yen)First nine months of FY2008(From April 1, 2008
to December 31, 2008)
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

First nine months of FY2009(From April 1, 2009
to December 31, 2009)

131,01761,666
4,404
0176,120

139,194
73,905(581)(9)
53,476373,209265,985

Financial expenses

200,626

46,888Net operating revenue

172,583

219,097

Selling, general and administrative expenses

199,891

191,405

Operating income (loss)(27,308)

27,691Non-operating income
Interest income
Dividends income
Foreign exchange gains
Gain on valuation of investment securities
Other

10,433
1,184
22,485
–
1,390

6,787
385
–
6,471
800

Total non-operating income

35,493

14,444Non-operating expenses
Interest expenses
Equity in losses of affiliates
Foreign exchange losses
Other–
5,110
–
3,320

542
144
337
883

Total non-operating expenses

8,430

1,908

(246)

40,227

70
7,379

1,037
0874

3

8,324

1,040

1
10,453
1,571
–
–
–

9
669
208
726
469
219

12,0262,302

Income (loss) before income taxes and minority
interests(3,948)38,966

Income taxes-current
Income taxes-deferred

8,587(6,351)

10,034(1,982)

Income taxes

2,236

8,052

Ordinary income (loss)
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
Extraordinary loss
Loss on sales of investment securities
Loss on valuation of investment securities
Impairment loss
Compensation for damage, etc.
Loss related to M&A
Integration-related expenses
Total extraordinary loss

Minority interests in incomeNet income (loss)

67,302

5,774(13,487)

25,139(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 Third Quarter of the Fiscal Year Ending March 31, 2010
1. Commission received(1) Breakdown by item
(Millions of yen)

Commission to consigneesFirst nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

Increase(Decrease)

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

24,11019,618(4,491)

29,911

Stocks23,614

19,280(4,333)29,311

Bonds

362

241(120)423

12,15531,004

18,84818,753

4,793

18,342

13,549

6,893

7,362

12,661

5,299

11,86015,71919,711

3,992

18,42815,285

19,535

4,250

17,93779,032

68,859(10,172)

101,03167,501

57,698(9,803)85,877131,017

139,194

8,177

168,124

Commission forunderwriting, secondary
distribution and solicitation
for selling and others for
professional investors
Stocks
Bonds
Fee for offering, secondary
distribution and solicitationfor selling and others for
professional investors
Beneficiary certificates
Other fees received
Beneficiary certificates
Total(2) Breakdown by product(Millions of yen)

StocksFirst nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

Increase(Decrease)
10,341

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

28,59438,935

Bonds

36,598

8,561

13,751

5,189

13,228Beneficiary certificates

82,91977,329(5,589)103,990

Other10,942

9,178(1,764)14,307

Total131,017

139,194

8,177

168,124

2. Net trading income(Millions of yen)

Securities

First nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

Increase(Decrease)

FY2008(From April 1, 2008
to March 31, 2009)(15,878)

7,316

23,195(37,763)

Bonds

93,475

76,157(17,317)

138,843

Other(15,929)(9,569)6,360(19,360)

Total

61,66673,905

12,23881,7188

Quarterly Trends in Consolidated Statements of Income

Operating revenue
Commission received
Commission to consigneesStocks
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
expensesTrading related expenses
Personal expenses
Real estate expenses
Office cost
Depreciation
Taxes and dues
OtherOperating income (loss)
Non-operating income
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)

3Q of FY2008

4Q of FY2008

1Q of FY2009(Millions of yen)
2Q of FY2009 3Q of FY2009(October 1 toDecember 31, 2008)(January 1 toMarch 31, 2009)(April 1 toJune 30, 2009)(July 1 to
(October 1 to
September 30, 2009) December 31, 2009)

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

73,663
48,112
5,178
5,064
77

6,871

6,598

4,068

12,957

13,977

3,554
3,316

2,099
4,498

313
3,755

6,459
6,498

11,570
2,407

3,158

2,708

6,056

7,236

6,418

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)

6,376
22,537
19,2937,350(383)
17,779(10,045)(232)(4,001)192(1,026)252

044,22656,41928,536

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

1
17,947
9,864
63,79960,964

58,62962,266

67,15061,98818,67822,166
6,323
5,497
5,268
549
2,480
(32,428)
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)
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
971
91
880
19,7395
1,100

19,622
26,666
6,904
6,037
5,536
527
1,855
8,321
4,930
1,029
173
856
12,221
985
832

17,617
26,114
6,052
4,967
5,391
457
1,386
1,810
6,362
(93)
(120)
26
8,267
49
370

1,669

(27,247)

18,644

12,375

7,946

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

2,610
602
2,042
2,690

9

Reference: Non-Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2010
(1) Non-consolidated operating results(Millions of yen)First nine months of
FY2008First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

170,045

165,553(4,492)

Commission received

71,652

81,947

10,294

91,764

Net trading income

55,52062,704

7,183

45,561

Net operating revenue

134,534153,848

19,313

149,087

Operating income (loss)(11,582)

10,23821,821(42,354)

Ordinary income (loss)(9,352)

11,748

21,100(40,581)Net income (loss)(24,903)

11,86336,767(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)First nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

22,92919,644(3,284)28,407

8,415

20,807

12,392

13,146

15,711

19,711

4,000

18,420

Other fees received

24,59521,783(2,812)

31,789Total

71,652

81,947

10,294

91,764

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

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)<Breakdown by product of commission received>(Millions of yen)First nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

Stocks27,82237,2769,454

35,544

Bonds

4,604

5,294

689

7,436

Beneficiary certificates

29,382

31,582

2,199

35,748

Other

9,843

7,794

(2,048)13,035

Total

71,652

81,947

10,294

91,76410

FY2008

Increase(Decrease)(From April 1, 2008
to March 31, 2009)<Net trading income>(Millions of yen)First nine months ofFY2008

First nine months ofFY2009(From April 1, 2008
to December 31, 2008)(From April 1, 2009
to December 31, 2009)

Securities(1,887)

6,443

8,330

(6,030)

Bonds

109,614

59,157(50,456)

103,391

Other(52,206)(2,896)49,309(51,799)

Total

55,52062,704

7,183

45,561

Increase(Decrease)

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

As of March 31, 2009

Increase(Decrease)(Millions of yen)
As ofDecember 31, 2008

Total assets

13,470,039

12,952,628

517,411

13,541,759

Net assets

626,123

628,084(1,961)

662,082

343.1

353.7

(10.6)

306.8

Net capital regulation ratio(%)

11