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 27, 2011

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2012
[under Japanese GAAP]
Company name: Mitsubishi UFJ Securities Holdings Co., Ltd.
URL:
http://www.hd.sc.mufg.jp/
Representative: Toshiro Toyoizumi, President & CEOContact:
Jun Harada, General Manager, Financial Planning Division
TEL: (03) 6213-2550
Supplementary material on quarterly financial results:
None
Quarterly financial results presentation meeting: None
(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the first quarter of fiscal year 2011
(from April 1, 2011 to June 30, 2011)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First three months ofFY2011First three months ofFY2010(Percentages indicate year-on-year changes.)

Net operating revenue% Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen

79,590(5.1)

60,213(9.3)(3,294)–

83,840(18.5)

66,402(16.8)

641(96.3)Net income
Millions of yen

Net income per share
Yen%

14,406 122.5
6,475

Diluted net income
per share
YenFirst three months of
16,858 (26.1)
23.51–FY2011First three months of
22,799 71.9
31.80
31.80
FY2010(Note)
Comprehensive income First three months of FY2011: 31,872 million yen (99.0 %)First three months of FY2010: 16,016 million yen (– %)(2) Consolidated financial position
Total assetsAs of June 30, 2011
As of March 31, 2011

Net assets

Equity ratio

Millions of yen
21,157,900

Millions of yen
814,357%
2.8

20,486,251

802,106

2.7%(Reference) Equity
As of June 30, 2011: 586,599 million yen
As of March 31, 2011: 557,913 million yen(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Subscription rights to shares – Minority interests) / Total assets(67.2)2.

Other(1) Changes in significant subsidiaries during the current period: None
(2) Application of particular accounting for preparing quarterly consolidated financial
statements: None
(3) 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:Noneb. 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
(4) 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 June 30, 2011

716,985,496 shares

As of March 31, 2011

716,985,496 shares

Number of shares of treasury stock at the end of the period
As of June 30, 2011

– shares

As of March 31, 2011

– sharesAverage number of shares during the period (cumulative from the beginning of the fiscal year)
First three months of the fiscal year ending March 31, 2012

716,985,496 sharesFirst three months of the fiscal year ended March 31, 2011

716,985,496 shares<* Indication regarding execution of quarterly review procedures >This quarterly financial results report is exempt from the review procedures for Quarterly Securities
Report pursuant to the Financial Instruments and Exchange Act.
<* Other special matters>
NoneAttached MaterialIndex
Consolidated financial statements(1) Consolidated balance sheets·······························

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

P. 3

Consolidated statements of comprehensive income (cumulative)·······························

P. 5·······························

P. 6(4) Notes on significant changes in the amount of shareholders’ equity ·······························

P. 6(3) Notes on premise of going concern<Reference>
Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2012
1. Commission received·······························

P. 7(1) Breakdown by item·······························

P. 7(2) Breakdown by product·······························

P. 7

2. Net trading income·······························

P. 7

Quarterly Trends in Consolidated Statements of Income·······························

P. 8<Reference>Non-consolidated Financial Results of Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd. for the First
Quarter of the Fiscal Year Ending March 31, 2012
(1) Non-consolidated operating results·······························

P. 9(2) Non-consolidated financial position·······························

P. 10

Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2011ASSETS
Current assets
Cash and deposits
Cash segregated as deposits
Trading products
Trading securities and otherDerivatives
Trade date accrual
Private equity and other securities
Margin transaction assets
Loans secured by securities
Short-term guarantee deposits
Short-term investment securities
Income taxes receivable
Other current assets
Allowance for doubtful accounts

As of June 30, 2011

618,340
79,89910,196,705
3,927,867
6,268,837
23,40065,90153,577
7,835,342
500,844
182,384
1,282
60,382(449)

510,371
86,263
10,305,617
4,026,489
6,279,127–
63,73656,8818,510,315
545,224
112,476
8,713
89,187(405)

19,617,609

20,288,383

Noncurrent assets
Property, plant and equipment
Intangible assets
Investments and other assets

23,84339,805804,992

27,35639,726
802,434

Total noncurrent assets868,641

869,516

20,486,251

21,157,900

Total current assets

Total assets1

(Millions of yen)
As of March 31, 2011

As of June 30, 2011

LIABILITIESCurrent liabilities
Trading products

8,908,654

8,526,354

Trading securities and other

2,847,019

2,392,755

Derivatives

6,061,635

6,133,598–

126,748

11,2205,948

Loans payable secured by securities

6,782,909

7,894,449

Short-term loans payable

Trade date accrual
Margin transaction liabilities

1,369,308

1,199,155

Current portion of long-term loans payable

32,30083,538Commercial papers

438,800

403,300

Current portion of bonds

131,106

98,657

Income taxes payable

4,716

1,989

895

798

Other current liabilities

930,455

967,922

Total current liabilities

18,610,367

19,308,861

Bonds payable

638,231

659,116Long-term loans payable

409,799349,263

Provision for retirement benefits

10,718

11,541

487

412

4,209

4,972

Asset retirement obligations

Noncurrent liabilities

Provision for directors’ retirement benefits
Asset retirement obligations
Other noncurrent liabilities

8,959

8,386

Total noncurrent liabilities

1,072,405

1,033,693

Reserve for financial products transaction
liabilities

1,371

987

Total reserves under the special laws

1,371

987

19,684,144

20,343,543

Capital stock

65,51865,518

Capital surplus

416,948

416,948

Retained earnings

126,812

143,670

Total shareholders’ equity

609,280

626,138(7,682)(5,583)

Reserves under the special laws

Total liabilities
NET ASSETS
Shareholders’ equity

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

632Foreign currency translation adjustment(43,690)(33,987)

Total accumulated other comprehensive income(51,366)(39,538)

4

4

Minority interests

244,188

227,753

Total net assets

802,106

814,357

20,486,251

21,157,900

Subscription rights to shares

Total liabilities and net assets2(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income (cumulative)
First three months of FY2010(From April 1, 2010
to June 30, 2010)(Millions of yen)First three months of FY2011(From April 1, 2011
to June 30, 2011)

Operating revenue
Commission received

37,78736,564

Net trading income

29,68722,599Net gain on private equity and other securities

823

290

Other net gain on goods trading

(8)

12

Financial revenue

15,55020,122

Total operating revenue

83,84079,590Financial expenses

17,43819,377

Net operating revenue

66,40260,213

Selling, general and administrative expenses

65,76063,507641(3,294)Equity in earnings of affiliates

3,060

14,652

Other

3,024

3,736

Total non-operating income

6,084

18,388Interest expenses

167

156

Other82531

2506886,475

14,406

Operating income (loss)
Non-operating income

Non-operating expenses

Total non-operating expenses
Ordinary income3First three months of FY2010(From April 1, 2010
to June 30, 2010)(Millions of yen)First three months of FY2011(From April 1, 2011
to June 30, 2011)

Extraordinary income
Gain on sales of investment securities
Gain on sales of subsidiaries and affiliates’
stocksGain on sales of noncurrent assets
Reversal of reserve for financial products
transaction liabilities
Gain on change in equity
Total extraordinary income

1683–12,318

–

16

489

384

24,111–

24,61812,803

–

23

–

75

111

5,864

Loss on sales of noncurrent assets

2–

Impairment loss–

2Extraordinary loss
Loss on sales of investment securities
Loss on sales of stocks of subsidiaries andaffiliates
Loss on valuation of investment securities

Integration-related expenses
Head office transfer cost
Loss on adjustment for changes of accounting
standard for asset retirement obligations
Total extraordinary losses

184

––

206

2,473

–

2,772

6,172

Income before income taxes and minority interests

28,321

21,036

Income taxes-current

1,652

2,083

Income taxes-deferred

2,699(1,032)

Total income taxes

4,352

1,050

Income before minority interests

23,96819,986

Minority interests in income

1,169

3,128

Net income

22,79916,8584

Consolidated statements of comprehensive income (cumulative)
First three months of FY2010(From April 1, 2010
to June 30, 2010)
Income before minority interests(Millions of yen)First three months of FY2011(From April 1, 2011
to June 30, 2011)

23,96819,986(3,208)2,243

Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income
Comprehensive income(17)

25(5,112)

7,023

386

2,592

(7,952)

11,88516,01631,872

15,363

28,685653

3,186(Comprehensive income attributable to)Comprehensive income attributable to ownersof the parent
Comprehensive income attributable to minority
interests5(3) Notes on premise of going concern
None(4) Notes on significant changes in the amount of shareholders’ equity
None6<Reference>

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2012

1. Commission received(1) Breakdown by item
(Millions of yen)First three months ofFY2010First three months ofFY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

5,409

4,897

(512)

22,226

Stocks

5,288

4,810

(478)

21,699

Bonds

50

42(7)

281

2,990

3,180

189

20,048

1,110

373

(737)

6,878

1,880

2,807

926

13,169

8,004

9,367

1,362

31,415

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

FY2010

Increase(Decrease)(From April 1, 2010
to March 31, 2011)

7,971

9,313

1,341

31,306

21,382

19,119(2,263)87,804

17,837

15,284(2,552)

66,67937,78736,564(1,223)

161,494(2) Breakdown by product(Millions of yen)First three months of
FY2010First three months of
FY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

Stocks

6,459

5,269

(1,190)31,725

Bonds

2,206

3,067

861

15,180Beneficiary certificates

25,87924,642(1,236)

98,230

Other

3,243

3,585

342

16,356

Total

37,78736,564(1,223)

161,494

Increase(Decrease)

FY2010(From April 1, 2010
to March 31, 2011)

2. Net trading income(Millions of yen)First three months of
FY2010First three months ofFY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

Increase(Decrease)

FY2010(From April 1, 2010
to March 31, 2011)

Securities(2,799)(1,610)1,188(6,953)

Bonds

43,05640,651(2,404)(46,027)

Other(10,569)(16,441)(5,872)25,784

Total

29,68722,599(7,088)(27,195)

7

<Reference>

Quarterly Trends in Consolidated Statements of Income

1Q of FY2010(April 1 toJune 30, 2010)

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
OtherOperating income (loss)
Non-operating income
Non-operating expenses
Ordinary income (loss)
Extraordinary income
Extraordinary loss
Income (loss) before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Income taxes
Income (loss) before minority interests
Minority interests in income (loss)
Net income (loss)

2Q of FY2010

3Q of FY2010(July 1 to
(October 1 to
September 30, 2010) December 31, 2010)(Millions of yen)
4Q of FY2010 1Q of FY2011(January 1 toMarch 31, 2011)(April 1 toJune 30, 2011)

83,84037,787
5,409
5,28850

74,661
42,628
5,337
5,222
57

80,976
41,576
4,933
4,777
107

(37,216)
39,500
6,545
6,409
65

79,59036,564
4,897
4,810
42

2,990

6,605

5,553

4,898

3,180

1,110
1,880

1,984
4,621

1,760
3,793

2,022
2,875

373
2,807

8,004

8,159

7,912

7,339

9,367

7,971
21,382
17,837
29,687(2,799)43,056(10,569)

8,133
22,526
17,21914,791
2,166
36,047(23,422)

7,887
23,177
16,39521,789(1,645)
1,847
21,587

7,314
20,717
15,226(93,463)(4,675)(126,978)38,189

9,313
19,11915,284
22,599(1,610)40,651(16,441)823

752(697)290(8)15,55017,43866,402

11
17,221
13,77260,888(0)
17,55718,04062,936

1
17,442
13,143(50,360)

12
20,122
19,37760,21365,76068,474

63,95856,70063,507

19,14926,858
6,239
5,653
5,361
813
1,685
641
6,084
250
6,475
24,618
2,772

20,18527,187
6,744
6,801
5,651
614
1,290
(7,585)(11)
1,151(8,748)
3,897
1,901

18,02625,964
6,464
5,689
5,327
829
1,655
(1,022)
3,093
527
1,544
538
624

16,686
19,582
6,634
6,166
5,312
480
1,838
(107,061)
12,9481,017(95,130)554
7,900

17,382
24,258
6,721
5,392
5,283
2,428
2,039
(3,294)
18,388688
14,406
12,803
6,172

28,321(6,752)

1,457(102,476)

21,036

1,652
2,699
4,352
23,9681,169
22,7992,420(2,493)(72)(6,680)(3,311)(3,368)

1,542
3,595
5,137
(3,680)(2,645)(1,034)

2,129
9,583
11,712(114,189)(45,353)(68,835)

2,083(1,032)
1,050
19,986
3,128
16,8588

<Reference>Non-consolidated Financial Results of
Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd.
for the First Quarter of the Fiscal Year Ending March 31, 2012

(1) Non-consolidated operating results(Millions of yen)

Operating revenue

First three months ofFY2010First three months of
FY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

FY2010

Increase(Decrease)(From April 1, 2010
to March 31, 2011)

45,94540,334

Commission received(5,611)75,752

21,55622,238682

97,394

Net trading income

20,431

14,703(5,728)(48,643)

Net operating revenue

42,117

37,695(4,421)

61,443Operating loss

(4,813)(5,986)(1,173)(128,567)

Ordinary loss

(3,355)(5,573)(2,217)(126,709)

Net loss(5,446)(5,441)

4(144,940)(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)First three months of
FY2010First three months ofFY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

5,865

4,222

(1,643)

21,253

1,3471,364

17

8,901

8,004

9,367

1,362

31,415

Other fees received

6,339

7,284

944

35,823

Total

21,55622,238682

97,394

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

FY2010

Increase(Decrease)(From April 1, 2010
to March 31, 2011)<Breakdown by product of commission received>(Millions of yen)

StocksFirst three months ofFY2010First three months ofFY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

6,293

4,457

Increase(Decrease)(1,836)FY2010(From April 1, 2010
to March 31, 2011)

29,058

Bonds

1,168

1,343

174

5,507

Beneficiary certificates

12,117

13,495

1,377

48,502

Other

1,976

2,942

966

14,326

Total

21,55622,238682

97,394

9

<Net trading income>(Millions of yen)

Securities

First three months ofFY2010First three months ofFY2011(From April 1, 2010
to June 30, 2010)(From April 1, 2011
to June 30, 2011)

Increase(Decrease)

FY2010(From April 1, 2010
to March 31, 2011)(2,365)

1,642

4,007

Bonds

888

41,481

21,726(19,755)(26,636)

Other(18,684)(8,665)

10,019(22,894)

Total

20,431

14,703(5,728)(48,643)(2) Non-consolidated financial position
As of June 30, 2010

As of June 30, 2011

Increase(Decrease)(Millions of yen)
As of March 31,2011

Total assets

13,528,188

11,153,052(516,409)

11,669,461

Net assets

307,585

193,481

24,690168,791

Note:

The net capital adequacy ratio as of June 30, 2011 is 264.1%.

10