We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Mondo TV France | BIT:MTF | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
Hot Features
Premium
BW20030528002022 20030528T112332Z UTC
( BW)(MITSUBISHI-TOKYO-FIN)(MTF) Final Results - Part 1 of 5
Business Editors
UK REGULATORY NEWS
TOKYO--(BUSINESS WIRE)--May 28, 2003--
Consolidated Summary Report
for the Fiscal Year Ended March 31, 2003
Date: May 26, 2003
Company name (code number): Mitsubishi Tokyo Financial Group, Inc. (8306)
(URL http://www.mtfg.co.jp)
Stock exchange listings: Tokyo, Osaka, New York, London
Headquarters: Tokyo
Representative: Shigemitsu Miki, President &
CEO
For inquiry: Katsuhiko Ishizuka, Chief Manager - Financial
Policy Division
(Phone) +81-3-3240-8211
Date of resolution of Board of Directors
with
respect to the consolidated financial May 26, 2003
statements:
Trading accounts: Established
1. Consolidated financial data for the year ended March 31,
2003
(1) Operating results
(in millions of
yen except per
share data and
percentages)
--------------------------------------------------------------------------------------------
For the year ended March 31,
------------------------------------------
2003 2002
--------------------------------------------------------------------------------------------
Ordinary income 2,772,528 3,262,347
Change from the previous year (15.0)% -
--------------------------------------------------------------------------------------------
Ordinary profit (loss) (360,262) (289,345)
Change from the previous year - -
--------------------------------------------------------------------------------------------
Net income (loss) (161,495) (152,316)
Change from the previous year - -
--------------------------------------------------------------------------------------------
Net income (loss) per common share (30,238.64) (28,921.99)
--------------------------------------------------------------------------------------------
Net income per common and common equivalent share - -
--------------------------------------------------------------------------------------------
Net income (loss) as a percentage of
shareholders' equity (6.2)% (5.1)%
--------------------------------------------------------------------------------------------
Ordinary profit (loss) as a percentage of total
liabilities,
minority interest and shareholders' equity (0.4)% (0.3)%
--------------------------------------------------------------------------------------------
Ordinary profit (loss) as a percentage of
ordinary income (13.0)% (8.9)%
--------------------------------------------------------------------------------------------
Notes:
1. Equity in earnings (loss) of affiliates for the year
ended:
March 31,
2003: (3,532)million of yen
March 31,
2002: (10,612)million of yen
2. Average number of shares outstanding for the year
ended:
March 31,
2003:
(common
stock) 5,616,357 shares
(preferred
stock-
class 1) 81,021 shares
(preferred
stock-
class 2) 100,000 shares
March 31,
2002:
(common
stock) 5,554,666 shares
(preferred
stock-
class 1) 81,400 shares
(preferred
stock-
class 2) 100,000 shares
3. Changes in accounting policy: No
(2) Balance sheet
highlights
(in millions of yen except per
share data and percentages)
-------------------------------------------------------------------------------------------------------------
As of March 31,
---------------------------------------------------------
2003 2002
-------------------------------------------------------------------------------------------------------------
Total assets 99,175,319 99,496,829
-------------------------------------------------------------------------------------------------------------
Shareholders' equity 3,046,420 3,324,445
-------------------------------------------------------------------------------------------------------------
Shareholders' equity as a percentage of total
liabilities, minority interest and
shareholders' equity 3.1 % 3.3 %
-------------------------------------------------------------------------------------------------------------
Shareholders' equity per common share 417,951.31 516,832.48
-------------------------------------------------------------------------------------------------------------
Risk-adjusted capital ratio (based on the standards
of the Bank for International Settlements, the
"BIS") 10.84 % 10.30 %
-------------------------------------------------------------------------------------------------------------
Note:
Number of shares outstanding as of:
March 31, 2003:
(common stock) 6,228,850 shares
(preferred stock-class 1) 81,021 shares
(preferred stock-class 2) 100,000 shares
March 31, 2002:
(common stock) 5,572,880 shares
(preferred stock-class 1) 81,400 shares
(preferred stock-class 2) 100,000 shares
(3) Cash flows
(in millions of yen)
-------------------------------------------------------------------------------------------------------------
For the year ended March 31,
---------------------------------------------------------
2003 2002
-------------------------------------------------------------------------------------------------------------
Net cash provided by (used in) operating activities 4,636,714 (36,150)
-------------------------------------------------------------------------------------------------------------
Net cash provided by (used in) investing activities (2,124,823) 125,290
-------------------------------------------------------------------------------------------------------------
Net cash provided by (used in) financing activities (186,820) (154,273)
-------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at end of fiscal year 4,049,530 1,741,798
-------------------------------------------------------------------------------------------------------------
(4) Scope of consolidation and application of the equity method
Consolidated subsidiaries: 184 Affiliated companies accounted for by the equity
method: 31
(5) Change in the scope of consolidation and application of the equity
method
Consolidated subsidiaries: Newly included: 13 Excluded: 15
Affiliated companies accounted for by the Newly included: 1 Excluded: 7
equity method:
2. Earning projections for the fiscal year ending March 31, 2004
(in millions of yen)
------------------------------------------------------------------------------------------------------------
Ordinary income Ordinary profit Net income
------------------------------------------------------------------------------------------------------------
For the six months ending
September 30, 2003 1,395,000 150,000 70,000
------------------------------------------------------------------------------------------------------------
For the year ending
March 31, 2004 2,880,000 370,000 190,000
------------------------------------------------------------------------------------------------------------
Projected net income per common share for the year ending March 31,
2004 (yen): 29,165.01
(Reference)
Formulas for computing ratios for the fiscal year ended March 31, 2003 are as
follows.
Net income per common share
Net income attributable to common shereholders
----------------------------------------------------
Average number of common stock for the fiscal year *
Net income per common and common equivalent share
Net income attributable to common shereholders + Adjustments in net income
--------------------------------------------------------------------------
Average number of common stock for the fiscal year * + Common equivalent
share
Net income as a percentage of shareholders'
equity
Net income attributable to common shareholders
x 100
--------------------------------------------------------------------------------------
{ [Shareholders' equity at the beginning of the fiscal year
- Number of preferred stock at the beginning of the fiscal year
x Issue price]
+ [Shareholders' equity at fiscal year end
- Number of preferred stock at fiscal year end
x Issue price] } / 2
Shareholders' equity per common
share
Shareholders' equity at fiscal year end - Deduction from
shareholders' equity**
-------------------------------------------------------------------
Number of common stock at fiscal year end *
Note:Since the current fiscal year, MTFG has adopted Financial Accounting Standard No.2
"Accounting Standard for Earnings Per Share" issued by the Accounting Standards Board of
Japan (the "ASBJ") on September 25, 2002 and Financial Accounting Standards Implementation
Guidance No.4 "Implementation Guidance for Accounting Standard for Earnings Per Share"
issued by the ASBJ on September 25, 2002.
Formula for computing projected earning ratio for the fiscal year ending March 31, 2004
is as follows.
Projected net income per common share
Projected net income attributable to common
shareholders
--------------------------------------------
Number of common stock at fiscal year end *
* excluding treasury stock and parent's common stock owned by
subsidiaries
**number of preferred stock at fiscal year endxissue price + total dividends on
preferred stock
-----------------------------------------------------------------------------------------------
This financial summary report and the accompanying financial highlights contain forward looking
statements and other information relating to the Company (such statements and information are
hereafter referred to as the "Forward-Looking Statements"). The Forward-Looking Statements
are not historical facts and include, reflect or are otherwise based upon, among other things,
the Company's current projections, views, policies, business strategies, targets,
expectations, assumptions and evaluations with respect to general economic conditions, the
result of its operations, its financial condition, its management in general and other future
events.
Some Forward-Looking Statements represent targets that the Company's management will strive to
achieve through the successful implementation of the Company's business strategies.
Accordingly, they are inherently susceptible to uncertainties, risks and changes in
circumstances and are not guarantees of future performance. The Company may not be successful
in implementing its business strategy, and actual results may differ materially, for a wide
range of possible reasons. Please see "3. Results of Operations and Financial Condition - (1)
Results of operations."
In light of the many risks, uncertainties and possible changes, you are advised not to put
undue reliance on the Forward-Looking Statements. The Company is under no obligation - and
expressly disclaim any obligation - to update or alter the Forward-Looking Statements, except
as may be required by any applicable laws and regulations or stock exchange rules.
======================================================================
Information on the Company, Management Policy and Results of
Operations and Financial Condition can be viewed at:
http://www.mtfg.co.jp
======================================================================
Mitsubishi Tokyo Financial Group, Inc.
and Consolidated Subsidiaries
Consolidated Balance Sheets
As of March 31, Increase/
2003(A) 2002(B) (Decrease)
(in millions of yen) (A) - (B)
Assets:
Cash and due from banks 8,235,754 6,421,747 1,814,007
Call loans and bills bought 551,357 1,304,328 (752,971)
Receivables under resale agreements 482,776 1,047,717 (564,940)
Receivables under securities borrowing
transactions 2,475,841 - 2,475,841
Commercial paper and other debt
purchased 500,614 460,912 39,701
Trading assets 5,612,937 5,340,726 272,210
Money held in trust 415,558 304,060 111,497
Investment securities 24,158,330 23,109,720 1,048,610
Allowance for losses on investment
securities (2,067) (1,500) (566)
Loans and bills discounted 46,950,363 49,062,795 (2,112,431)
Foreign exchanges 609,944 560,783 49,161
Other assets 3,213,143 5,651,987 (2,438,843)
Premises and equipment 988,407 981,982 6,424
Deferred debenture discounts and other
costs 9 158 (148)
Deferred tax assets 1,362,692 1,032,107 330,584
Deferred tax assets on land revaluation
loss 1,593 4,985 (3,391)
Customers' liabilities for acceptances
and guarantees 4,915,353 5,873,954 (958,600)
Allowance for loan losses (1,297,292) (1,659,640) 362,348
Total assets 99,175,319 99,496,829 (321,509)
Liabilities:
Deposits 62,624,363 59,907,378 2,716,984
Negotiable certificates of deposit 4,045,901 3,200,325 845,575
Debentures 636,060 2,275,570 (1,639,510)
Call money and bills sold 3,740,653 3,977,859 (237,205)
Payables under repurchase agreements 3,162,054 3,518,977 (356,922)
Payables under securities lending
transactions 3,883,443 - 3,883,443
Commercial paper 763,208 799,367 (36,159)
Trading liabilities 1,567,512 667,926 899,586
Borrowed money 1,512,729 1,844,566 (331,836)
Foreign exchanges 532,947 513,899 19,047
Short-term corporate bonds 10,000 - 10,000
Bonds and notes 3,546,979 3,402,004 144,975
Convertible bonds - 243,924 (243,924)
Bonds with warrants 50,528 - 50,528
Due to trust account 1,401,617 2,282,224 (880,607)
Other liabilities 3,163,552 7,241,446 (4,077,893)
Reserve for employees' bonuses 17,028 14,304 2,724
Reserve for employees' retirement benefits 36,976 27,023 9,953
Reserve for losses on real
estate-collateralized loans sold - 7,575 (7,575)
Reserve for expenses related to EXPO 2005
Japan 50 - 50
Reserves under special laws 799 436 363
Deferred tax liabilities 60,836 47,055 13,780
Deferred tax liabilities on land
revaluation excess 133,649 128,439 5,210
Acceptances and guarantees 4,915,353 5,873,954 (958,600)
Total liabilities 95,806,248 95,974,260 (168,012)
Minority interest 322,650 198,122 124,527
Shareholders' equity:
Capital stock 1,258,052 1,146,500 111,552
Capital surplus 932,016 834,644 97,371
Retained earnings 962,347 1,189,718 (227,370)
Land revaluation excess 195,418 201,654 (6,236)
Unrealized gains (losses) on
securities available for sale (223,432) 84,016 (307,448)
Foreign currency translation adjustments (73,499) (26,699) (46,800)
Less treasury stock (4,482) (105,389) 100,907
Total shareholders' equity 3,046,420 3,324,445 (278,024)
Total liabilities, minority
interest and shareholders' equity 99,175,319 99,496,829 (321,509)
See Notes to Consolidated Financial Statements.
Mitsubishi Tokyo Financial Group, Inc.
and Consolidated Subsidiaries
Consolidated Statements of Operations
(in millions of yen) 2003(A) 2002(B) (A) - (B)
Ordinary income:
Interest income:
Interest on loans and discounts 1,016,256 1,258,319 (242,063)
Interest and dividends on securities 378,334 422,043 (43,709)
Interest on call loans and bills
bought 6,687 9,381 (2,694)
Interest on receivables under resale
agreements 17,376 52,069 (34,692)
Interest on receivables under securities
borrowing transactions 26,327 - 26,327
Interest on due from banks 71,848 174,848 (102,999)
Other interest income 174,808 308,318 (133,510)
Total interest income 1,691,639 2,224,981 (533,342)
Trust fees 101,442 122,779 (21,337)
Fees and commissions 428,014 401,483 26,530
Trading profits 79,907 58,402 21,505
Other business income 278,645 206,315 72,330
Other ordinary income 192,878 248,384 (55,505)
Total ordinary income 2,772,528 3,262,347 (489,818)
Ordinary expenses:
Interest expense:
Interest on deposits 231,832 471,203 (239,371)
Interest on debentures and amortization
of debenture discounts 8,504 20,573 (12,069)
Interest on negotiable certificates of
deposit 9,935 34,299 (24,364)
Interest on call money and bills sold 12,787 19,110 (6,323)
Interest on payables under repurchase
agreements 43,064 64,465 (21,400)
Interest on payables under securities
lending transactions 43,111 - 43,111
Interest on commercial paper 4,583 14,276 (9,693)
Interest on borrowed money 55,839 71,433 (15,593)
Interest on short-term corporate bonds 0 - 0
Interest on bonds and notes 75,967 96,158 (20,191)
Amortization of bond discounts 21 22 (0)
Interest on convertible bonds - 7,549 (7,549)
Interest on bonds with warrants 4,969 - 4,969
Other interest expense 143,904 320,757 (176,853)
Total interest expense 634,520 1,119,850 (485,329)
Fees and commissions 73,296 63,085 10,211
Trading losses - 3,813 (3,813)
Other business expenses
126,198 118,470 7,727
General and administrative expenses 1,048,806 1,009,848 38,957
Other ordinary expenses:
Provision for allowance for loan losses 146,052 388,333 (242,281)
Other 1,103,916 848,291 255,625
Total other ordinary expenses 1,249,968 1,236,624 13,344
Total ordinary expenses 3,132,790 3,551,693 (418,902)
Ordinary loss (360,262) (289,345) (70,916)
Special gains:
Gains on sales of premises and equipment 3,862 6,479 (2,617)
Gains on loans charged-off 44,281 60,660 (16,379)
Other special gains 408 160 247
Total special gains 48,552 67,300 (18,748)
Special losses:
Losses on sales of premises and equipment 24,542 18,798 5,744
Provision for reserve for contingent
liabilities from brokering of securities
transactions 257 73 183
Other special losses 4,232 56,167 (51,935)
Total special losses 29,031 75,039 (46,007)
Loss before income taxes and others (340,742) (297,084) (43,657)
Income taxes-current 55,919 34,818 21,101
Income taxes-deferred (237,065) (198,311) (38,753)
Minority interest 1,898 18,725 (16,826)
Net loss (161,495) (152,316) (9,179)
See Notes to Consolidated Financial Statements.
Mitsubishi Tokyo Financial Group, Inc.
and Consolidated Subsidiaries
Consolidated Statement of Capital Surplus
and Retained Earnings
(in millions of yen) March 31,2003
Balance of capital surplus at beginning
of fiscal year 834,644
Increase: 111,552
Issuance of common stock due to
capital increase 111,552
Decrease: (14,180)
Losses on sales of treasury stock, net of
income taxes (14,180)
Balance of capital surplus at end of fiscal year 932,016
Balance of retained earnings at beginning of
fiscal year 1,189,718
Increase: 3,228
Change in ownership percentage to
a consolidated subsidiary 2,648
due to stock repurchase by the subsidiary
Decrease in companies accounted for by
the equity method 580
Decrease: (230,599)
Net loss (161,495)
Cash dividends (45,943)
Bonuses to directors of consolidated
subsidiaries (3)
Reduction in land revaluation excess (1,420)
Change in ownership percentage to
consolidated subsidiaries and (17,725)
a company accounted for by the equity
method due to
their merger
Increase in consolidated subsidiaries and
companies accounted for (4,011)
by the equity method
Balance of retained earnings at end of
fiscal year 962,347
See Notes to Consolidated Financial Statements.
Consolidated Statement of Retained Earnings
(in millions of yen) March 31,2002
Balance of retained earnings at beginning
of fiscal year 1,367,927
Increase: 3,520
Reduction in land revaluation excess 3,134
Increase in companies accounted for by
the equity method 385
Decrease: (29,412)
Cash dividends (28,268)
Bonuses to directors of consolidated subsidiaries (12)
Change in ownership percentage to consolidated
subsidiaries and companies (1,131)
accounted for by the equity method due to
business combination
Net loss (152,316)
Balance of retained earnings at end of fiscal year 1,189,718
See Notes to Consolidated Financial Statements.
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
Consolidated Statements of Cash Flows
------------------------------------------------------------------------------------------------------------------------
For the year ended Increase/
March 31, (Decrease)
(in millions of yen) 2003 (A) 2002 (B) (A) - (B)
------------------------------------------------------------------------------------------------------------------------
Cash flows from operating activities:
Loss before income taxes and others (340,742) (297,084) (43,657)
Depreciation 86,242 60,633 25,608
Goodwill amortization (3,937) 29,297 (33,234)
Equity in loss (earnings) of affiliates 3,532 10,612 (7,079)
Increase (decrease) in allowance for loan losses (355,043) 68,758 (423,801)
Increase (decrease) in allowance for losses on investment securities 566 1,427 (860)
Increase (decrease) in reserve for losses on real estate-collateralized loans sold (7,575) (29,480) 21,904
Increase (decrease) in reserve for employees' bonuses 743 14,262 (13,519)
Increase (decrease) in reserve for employees' retirement benefits 228 (114,449) 114,677
Increase (decrease) in reserve for expenses related to EXPO 2005 Japan 50 - 50
Interest income recognized on statement of operations (1,691,639) (2,224,981) 533,342
Interest expenses recognized on statement of operations 634,520 1,119,850 (485,329)
Investment securities losses (gains) 400,864 202,823 198,040
Losses (gains) on money held in trust 7,421 4,823 2,597
Foreign exchange losses (gains) (32,716) (309,805) 277,089
Losses (gains) on sales of premises and equipment 20,680 12,339 8,340
Net decrease (increase) in trading assets 100,860 792,187 (691,326)
Net increase (decrease) in trading liabilities 848,319 (2,581,880) 3,430,200
Adjustment of unsettled trading accounts (601,361) (291,024) (310,337)
Net decrease (increase) in loans and bills discounted 1,668,901 (491,866) 2,160,767
Net increase (decrease) in deposits 3,077,728 3,476,921 (399,192)
Net increase (decrease) in negotiable certificates of deposit 863,841 (617,471) 1,481,313
Net increase (decrease) in debentures (1,639,510) (1,136,679) (502,830)
Net increase (decrease) in borrowed money (excluding subordinated borrowings) (304,049) 357,121 (661,171)
Net decrease (increase) in due from banks (excluding cash equivalents) 477,598 1,621,264 (1,143,666)
Net decrease (increase) in call loans and bills bought and others 1,208,579 2,342,085 (1,133,506)
Net decrease (increase) in receivables under securities borrowing transactions (217,281) 425,635 (642,917)
Net increase (decrease) in call money and bills sold and others (695,559) (2,636,899) 1,941,340
Net increase (decrease) in commercial paper (75,419) 310,281 (385,700)
Net increase (decrease) in payables under securities lending transactions 475,235 (1,411,961) 1,887,197
Net decrease (increase) in foreign exchanges (assets) (49,161) 252,186 (301,347)
Net increase (decrease) in foreign exchanges (liabilities) 19,047 80,976 (61,929)
Net increase (decrease) in issuance and redemption of short-term corporate bonds 10,000 - 10,000
Net increase (decrease) in issuance and redemption of unsubordinated bonds and notes 401,567 263,009 138,557
Net increase (decrease) in due to trust account (880,607) (1,364,626) 484,018
Interest income (cash basis) 1,772,695 2,369,236 (596,541)
Interest expenses (cash basis) (718,006) (1,323,986) 605,979
Other 215,211 1,068,957 (853,745)
-----------------------------------
Sub-total 4,681,824 52,494 4,629,330
Income taxes (45,110) (88,644) 43,534
-----------------------------------
Net cash provided by (used in) operating activities 4,636,714 (36,150) 4,672,865
Cash flows from investing activities:
Purchases of investment securities (44,807,196)(36,929,340)(7,877,855)
Proceeds from sales of investment securities 27,103,131 28,556,435 (1,453,303)
Proceeds from maturities of investment securities 15,702,239 8,448,217 7,254,022
Increase in money held in trust (162,435) (289,742) 127,306
Decrease in money held in trust 64,037 380,991 (316,953)
Purchases of premises and equipment (42,775) (62,489) 19,714
Proceeds from sales of premises and equipment 19,099 21,219 (2,120)
Purchases of equity of newly consolidated subsidiaries (923) - (923)
-----------------------------------
Net cash provided by (used in) investing activities (2,124,823) 125,290 (2,250,113)
Cash flows from financing activities:
Increase in subordinated borrowings 116,000 91,062 24,937
Decrease in subordinated borrowings (137,842) (182,562) 44,720
Increase in subordinated bonds and notes and convertible bonds - 176,800 (176,800)
Increase in subordinated bonds and notes and bonds with warrants 189,757 - 189,757
Decrease in subordinated bonds and notes and convertible bonds - (243,649) 243,649
Decrease in subordinated bonds and notes and bonds with warrants (625,897) - (625,897)
Proceeds from issuance of common stock 223,104 - 223,104
Proceeds from issuance of common stock to minority shareholders 16,195 12,218 3,976
Dividend paid by the parent (46,702) (28,272) (18,429)
Dividend paid by subsidiaries to minority shareholders (3,414) (5,071) 1,656
Purchases of treasury stock (965) (7,393) 6,428
Proceeds from sales of treasury stock 82,944 32,593 50,350
-----------------------------------
Net cash provided by (used in) financing activities (186,820) (154,273) (32,546)
-----------------------------------
Effect of exchange rate changes on cash and cash equivalents (48,536) 69,919 (118,455)
-----------------------------------
Net increase (decrease) in cash and cash equivalents 2,276,534 4,785 2,271,749
Cash and cash equivalents at beginning of fiscal year 1,741,798 1,734,069 7,729
Increase in cash and cash equivalents due to consolidation of new subsidiaries 34,811 2,943 31,867
Decrease in cash and cash equivalents due to deconsolidation of subsidiaries (3,614) - (3,614)
-----------------------------------
Cash and cash equivalents at end of fiscal year 4,049,530 1,741,798 2,307,731
------------------------------------------------------------------------------------------------------------------------
See Notes to Consolidated Financial Statements.
======================================================================
Notes related to the Consolidated Statement of Operations for the year
ended March 31, 2003:
For information on these headlines, please visit:
http://www.mtfg.co.jp
======================================================================
Information on Critical Policies in Preparation of Consolidated
Financial Statements can be viewed at:
http://www.mtfg.co.jp
======================================================================
Information on business segment information, geographic segment
information and ordinary income from overseas operations can be viewed
at:
http://www.mtfg.co.jp
======================================================================
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
Investment securities
-----------------------
Following tables include:
Investment securities
Trading securities and negotiable certificates of deposits in "Trading assets"
Negotiable certificates of deposits in "Cash and due from banks"
Securities and beneficiary certificates of merchandise investment in "Commercial
Paper and other debt purchased".
1. Trading securities
( in millions of yen)
--------------------------------------------
As of March 31,2002
--------------------------------------------
Balance
sheet Valuation losses recognized on
amount statement of operations
--------------------------------------------
5,092,795 (456)
--------------------------------------------
2. Marketable debt securities being held to maturity
( in millions of yen)
--------------------------------------------------------------------------------------------
As of March 31,2002
----------------------------------------------------------------------
Market
Balance value Differences
sheet ----------------------------------
amount Gains Losses
--------------------------------------------------------------------------------------------
Domestic bonds 216,074 224,947 8,872 8,956 83
Government
bonds 0 0 0 0 -
Municipal
bonds 127,660 132,349 4,688 4,772 83
Corporate
bonds 88,414 92,597 4,183 4,183 -
Foreign bonds 142,140 146,795 4,655 4,843 188
Other 254,746 254,746 - - -
--------------------------------------------------------------------------------------------
Total 612,962 626,489 13,527 13,799 271
--------------------------------------------------------------------------------------------
3. Marketable securities available
for sale
( in millions of yen)
--------------------------------------------------------------------------------------------
As of March 31,2002
----------------------------------------------------------------------
Cost Balance Valuation differences
sheet
------------------------------------------------
amount Gains Losses
--------------------------------------------------------------------------------------------
Domestic equity
securities 4,901,605 4,973,059 71,454 551,983 480,528
Domestic bonds 11,071,960 11,151,663 79,702 83,691 3,989
Government
bonds 9,289,845 9,348,331 58,486 59,085 598
Municipal
bonds 444,440 454,724 10,284 10,426 142
Corporate
bonds 1,337,675 1,348,606 10,931 14,179 3,248
Foreign equity
securities 28,559 54,553 25,994 26,725 731
Foreign bonds 4,838,160 4,839,041 880 67,404 66,524
Other 1,357,507 1,318,317 (39,189) 14,119 53,309
--------------------------------------------------------------------------------------------
Total 22,197,793 22,336,635 138,842 743,925 605,083
--------------------------------------------------------------------------------------------
4. Securities available for sale sold
( in millions of yen)
--------------------------------------------
For the year ended March 31,2002
---------------------------------
Proceeds Gains Losses
from sales on sales on sales
---------------------------------
28,137,984 255,369 300,345
---------------------------------
5. Principal securities not stated at market value
( in millions of yen)
---------------------------------------------------------------------
As of March 31,2002
------------------------------------
Balance sheet amount
---------------------------------------------------------------------
Debt securities being held to maturity
Foreign bonds 11,392
---------------------------------------------------------------------
Securities available for sale
Domestic equity securities 96,621
Domestic municipal bonds 45,287
Domestic corporate bonds 253,946
Foreign equity
securities 11,918
Foreign bonds 25,984
---------------------------------------------------------------------
6. Repayment schedules of securities
( in millions of yen)
---------------------------------------------------------------------
As of March 31,2002
-----------------------------------------------
Due within Due after 1 Due after 5 Due after
year years
1 year through 5 through 10 10 years
years years
---------------------------------------------------------------------
Domestic bonds 3,715,867 6,716,062 1,233,198 1,785
Government
bonds 3,505,091 4,941,208 902,032 -
Municipal
bonds 16,034 406,601 205,036 -
Corporate
bonds 194,742 1,368,252 126,128 1,785
Foreign bonds 709,418 2,819,025 1,084,232 403,764
Other 338,836 530,919 226,268 376,938
---------------------------------------------------------------------
Total 4,764,122 10,066,007 2,543,700 782,487
---------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
Money held in trust
-----------------------
1. Money held in trust for trading purpose
( in millions of yen)
-------------------------------------------------------
As of March 31,2002
--------------------------------------------
Balance
sheet Valuation gains recognized on
amount statement of operations
--------------------------------------------
219,026 3,338
--------------------------------------------
2. Money held in trust other than trading purpose and being held to maturity
( in millions of yen)
------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------
Cost Balance Valuation
sheet differences
---------------------------------
amount Gains Losses
-------------------------------------------------------
85,033 85,033 - - -
-------------------------------------------------------
Unrealized gains on securities available for sale
--------------------------------------------------------
The classification of unrealized gains on securities available for sale on the consolidated
balance sheet is as follows:
( in millions of yen)
-------------------------------------------------------------------------------------------
As of March 31, 2002
------------------------------------------------------------------
Valuation differences 138,842
Securities available for sale 138,842
------------------------------------------------------------------
Deferred tax liabilities (49,076)
------------------------------------------------------------------
Net valuation differences 89,765
==================================================================
Minority interest (4,145)
MTFG's ownership percentage of affiliates'
unrealized gains on (1,603)
securities available for sale
------------------------------------------------------------------
Unrealized gains on securities available
for sale 84,016
------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
Notional principal or contract amount, market value and valuation gains (losses) on derivatives
a. Interest rate-related transactions
(in millions of yen)
--------------------------------------------------------------------------------------------------------
As of March 31, 2003
--------------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
--------------------------------------------------------------------------------------------------------
Exchange-traded
--------------------------------------------------------------------------------------------------------
Futures sell 4,979,785 235,364 (37,589) (37,589)
buy 6,782,908 660,290 27,458 27,458
-----------------------------------------------------------------------------------------------------
Options sell 16,690,400 - (17,299) (10,658)
buy 22,234,614 8,124 35,101 21,088
--------------------------------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------------------------------
FRAs sell 702,374 452 973 973
buy 799,281 42,336 (2,649) (2,649)
-----------------------------------------------------------------------------------------------------
Swaps receive-
fix/pay-
floater 105,883,942 81,131,283 4,109,124 4,109,124
receive-
floater/pay-
fix 104,900,874 79,166,025 (3,989,686) (3,989,686)
receive-
floater/pay-
floater 5,791,662 4,209,716 (8,915) (8,915)
receive-
fix/pay-fix 194,856 100,767 (4,233) (4,233)
-----------------------------------------------------------------------------------------------------
Others sell 7,270,211 4,439,813 (98,797) (64,203)
buy 5,831,717 3,499,145 102,466 68,460
--------------------------------------------------------------------------------------------------------
Total 115,954 109,168
--------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated
statement of operations. Derivatives which qualify for
hedge-accounting are not included in the above table.
2. Market values of exchange-traded transactions are based on closing
prices on the Tokyo International Financial Future Exchange, etc.
Market values of over-the-counter transactions are based on
discounted cash flow method, option pricing models, etc.
b. Foreign exchange-related transactions
(in millions of yen)
--------------------------------------------------------------------------------------------------------
As of March 31, 2003
--------------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
--------------------------------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------------------------------
Swaps 9,539,280 6,189,546 (109,996) (109,996)
-----------------------------------------------------------------------------------------------------
Forward sell 23,912 - (523) (523)
contracts buy 16,662 - 788 788
-----------------------------------------------------------------------------------------------------
Options sell 883 - (6) 6
buy 883 - 6 (3)
--------------------------------------------------------------------------------------------------------
Total (109,731) (109,729)
--------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated
statement of operations. Derivatives which qualify for
hedge-accounting and/or which are applicable to note 3. are not
included in the above table.
2. Market values are based on discounted cash flow method, option pricing models, etc.
3. Currency swaps which are accounted for by an accrual basis are not included in the above table.
Notional principal amount, market value and valuation gains of currency swaps which are accounted for by an accrual
basis are as follows:
(in millions of yen)
---------------------------------------------------------------------------
As of March 31, 2003
--------------------------------------------------------
Notional principal Market value Valuation losses
amount
-----------------------------------------------------------------------
Swaps 5,800,174 (47,725) (47,725)
-----------------------------------------------------------------------
Other foreign exchange-related transactions such as
forward exchange contracts and currency options, which
valuation gains (losses) had been recognized in the
consolidated statement of operations,are not included
in the above table.
Notional principal or contract amounts of those
foreign exchange-related transactions are as follows:
(in millions of yen)
-----------------------------------------------------------------------------------------
As of March 31, 2003
---------------------------------
Notional principal
or contract amount
-----------------------------------------------------------------------------------------
Exchange-traded
-----------------------------------------------------------------------------------------
Futures sell 564
buy 2,985
-----------------------------------------------------------------------------------------
Over-the-counter
-----------------------------------------------------------------------------------------
Forward sell 27,811,969
contracts buy 30,148,731
--------------------------------------------------------------------------
Options sell 4,991,663
buy 4,705,518
-----------------------------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
c. Equity-related transactions
(in millions of yen)
--------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Notional
principal with maturity Market value Valuation
or contract of over 1
amount year gains (losses)
--------------------------------------------------------------------------------
Exchange-traded
--------------------------------------------------------------------------------
Futures sell 96,698 - 1,560 1,560
buy 82 - (0) (0)
-----------------------------------------------------------------------------
Options sell 19,693 - (247) 38
buy 11,450 - 1,508 72
--------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------
Options sell 49,054 25,657 (1,980) (1,185)
buy 69,266 39,394 2,455 1,825
-----------------------------------------------------------------------------
Swaps receive-index
swaps 38 38 - -
pay-index
swaps - - - -
-----------------------------------------------------------------------------
Index sell 260 - 7 7
forwards buy 1,007 - (57) (57)
--------------------------------------------------------------------------------
Total 3,246 2,261
--------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated
statement of operations.
2. Market values of exchange-traded transactions are based on closing
prices on the Tokyo Stock Exchange, etc. Market values of
over-the-counter transactions are based on discounted cash flow
method, option pricing models, etc.
d. Bond-related transactions
(in millions of yen)
-------------------------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Notional
principal with maturity Market value Valuation
or contract of over 1 gains (losses)
amount year
--------------------------------------------------------------------------------
Exchange-traded
--------------------------------------------------------------------------------
Futures sell 539,459 27,604 (1,052) (1,052)
buy 551,546 22,762 1,025 1,025
-----------------------------------------------------------------------------
Options sell 88,630 37,431 (139) 260
buy 202,912 37,431 276 (300)
--------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------
Options sell 487,927 - (3,661) (1,187)
buy 310,284 - 691 (116)
--------------------------------------------------------------------------------
Total (2,859) (1,370)
--------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated
statement of operations. Derivatives which qualify for
hedge-accounting are not included in the above table.
2. Market values of exchange-traded transactions are based on closing
prices on the Tokyo Stock Exchange, etc. Market values of
over-the-counter transactions are based on option pricing models, etc.
e. Commodity-related transactions
(in millions of yen)
------------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Notional
principal with maturity Market value Valuation
or contract of over 1
amount year gains (losses)
--------------------------------------------------------------------------------
Exchange-traded
--------------------------------------------------------------------------------
Futures sell 1,123 - (41) (41)
buy 3,491 3,224 159 159
--------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------
Swaps receive-index
swaps 138,709 71,273 (14,903) (14,903)
pay-index
swaps 123,008 45,895 14,654 14,654
-----------------------------------------------------------------------------
Options sell 28,774 8,192 (1,881) (505)
buy 33,528 7,546 3,903 1,999
--------------------------------------------------------------------------------
Total 1,891 1,362
--------------------------------------------------------------------------------
Notes:
1.Valuation gains (losses) are recognized in the consolidated
statement of operations.
2.Market values of exchange-traded transactions are based on closing
prices on the International Petroleum Exchange, etc. Market values of
over-the-counter transactions are based on the price of the
commodities, contract terms, and other factors comprising the contract
of transactions.
3.Commodities are mainly related to petroleum.
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
f. Credit derivatives
(in millions of yen)
------------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Notional Valuation
principal with maturity Market value gains
or contract
amount of over 1 year
--------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------
Credit sell 342,536 275,427 29,452 29,452
default
options buy 489,391 334,624 648 648
------------------------------------------------------------------
Others sell 3,227 - 286 286
buy - - - -
--------------------------------------------------------------------------------
Total 30,386 30,386
--------------------------------------------------------------------------------
Notes:
1.Valuation gains are recognized in the consolidated statement of operations.
2.Market values are based on discounted cash flow method, option pricing models,
etc.
3.In the above table, "sell" indicates credit risks assumed, and "buy" indicates credit risks
transferred.
g. Others
(in millions of yen)
-------------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Notional
principal with maturity Market value Valuation gains
or contract
amount of over 1 year
--------------------------------------------------------------------------------
Over-the-counter
--------------------------------------------------------------------------------
Weather sell 215 - (8) 26
derivatives buy - - - -
--------------------------------------------------------------------------------
Total (8) 26
--------------------------------------------------------------------------------
Notes:
1.Valuation gains are recognized in the consolidated statement of operations.
2.Market values are based on option pricing models, etc.
Derivatives qualified for hedge-accounting
(in billions of yen)
------------------------------------------------------------------------------------------------------
As of March 31, 2003
----------------------------------------------------------------------------
Notional Market value Deferred Deferred Net gains (losses)
principal gains losses
or contract amount (A) (B) (A)-(B)
------------------------------------------------------------------------------------------------------
Interest rate futures 1,625.4 4.3 58.3 42.4 15.8
------------------------------------------------------------------------------------------------------
Interest rate swaps 42,409.9 206.0 669.6 570.6 98.9
------------------------------------------------------------------------------------------------------
Other interest rate-
related transactions 291.7 (0.2) 0.7 0.6 0.1
------------------------------------------------------------------------------------------------------
Other 662.2 (3.3) 24.8 31.1 (6.2)
------------------------------------------------------------------------------------------------------
Total 206.8 753.5 644.9 108.6
------------------------------------------------------------------------------------------------------
Notes:
1. Derivatives which are accounted for on an accrual basis based on
"Accounting standard for financial instruments" are not included
in the above table.
2. The transactions in the table above are reported on a
mark-to-market basis on the consolidated balance sheet.
The valuation differences which do not correspond to the income/
expenses accruing on hedged items are deferred asstes/liabilities.
Notional principal by the remaining life of the interest rate swaps above
is as follows.
(in billions of yen)
----------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------
Due within 1 Due after 1 Due after 5 Total
year year year
through 5
years
-----------------------------------------------------------------------------
Receive-fix/pay-floater 12,411.5 14,407.5 1,178.1 27,997.2
-----------------------------------------------------------------------------
Receive-floater/pay-fix 5,624.2 7,180.3 833.0 13,637.6
-----------------------------------------------------------------------------
Receive-floater/pay-
floater 306.2 414.8 53.8 774.9
-----------------------------------------------------------------------------
Total 18,342.0 22,002.8 2,065.0 42,409.9
-----------------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
Notional principal or contract amount, market value and valuation gains (losses) on derivatives
a. Interest rate-related transactions
(in millions of yen)
---------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
As of March 31, 2002
--------------------------------------------------------------------
--------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Exchange-traded
----------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Futures sell 9,945,795 1,330,217 (78,510) (78,510)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
buy 11,588,263 1,593,247 70,874 70,874
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Options sell 4,949,268 7,955 (5,837) 1,306
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
buy 5,307,916 23,784 8,993 (2,794)
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Over-the-counter
----------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
FRAs sell 201,257 1,333 (97) (97)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
buy 190,629 42,136 (909) (909)
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Swaps receive-fix/pay-floater112,006,008 74,856,804 3,319,807 3,319,807
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
receive-floater/pay-fix113,791,761 74,335,547 (3,220,413) (3,220,413)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
receive-floater/pay-float4,987,418 4,144,936 (3,115) (3,115)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
receive-fix/pay-fix 289,172 176,939 (580) (580)
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Others sell 7,329,000 4,488,747 (77,834) (15,669)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
buy 5,993,942 4,073,644 79,061 21,722
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Total 91,439 91,619
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated statement of operations. Derivatives which qualify for
hedge-accounting
are not included in the table above.
2. Market values of exchange-traded transactions are based on
closing prices on the Tokyo International Financial Future
Exchange, etc. Market values of over-the-counter transactions are
based on discounted cash flow method, option pricing models, etc.
b. Foreign exchange-related transactions
(in millions of yen)
---------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
As of March 31, 2002
--------------------------------------------------------------------
--------------------------------------------------------------------
Notional principal with maturity Market value Valuation losses
amount of over 1 year
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Over-the-counter
----------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Swaps 9,241,514 6,560,260 (69,519) (69,519)
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
Notes:
1. Valuation losses are recognized in the consolidated statement of operations. Derivatives which qualify for
hedge-accounting and/or which are applicable to note 3. are not included in the table above.
2. Market values are based on the discounted cash flow method.
3. Currency swaps which are accounted for on an accrual basis are
not included in the table above. Notional principal amount,
market value and valuation gains (losses) on currency swaps which
are accounted for on an accrual basis are as follows:
(in millions of yen)
--------------------------------------------------------------------------------------
---------------------------------------------------------------------
As of March 31, 2002
---------------------------------------------------
--------------------------------------------------------------------
Notional principal Market value Valuation losses
amount
---------------------------------------------------------------------
---------------------------------------------------------------------
Swaps 6,686,242 (99,647) (99,647)
---------------------------------------------------------------------
---------------------------------------------------------------------
Other foreign exchange-related transactions such as
forward exchange contracts and currency options, whose
valuation gains (losses) have been recognized in the
consolidated statement of operations, are not included
in the table above.
Notional principal or contract amounts of such foreign
exchange-related transactions are as follows:
(in millions of yen)
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
As of March 31, 2002
----------------------------------
----------------------------------
Notional principal
or contract amount
--------------------------------------------------------------------------------------
---------------------------------------------------------------------
Exchange-traded
---------------------------------------------------------------------
---------------------------------------------------
Futures sell 790
----------------------------------
----------------------------------
buy 1,314
---------------------------------------------------------------------
---------------------------------------------------------------------
Over-the-counter
---------------------------------------------------------------------
---------------------------------------------------
Forward sell 33,994,202
----------------------------------
----------------------------------
contracts buy 35,862,732
---------------------------------------------------
---------------------------------------------------
Options sell 4,188,375
----------------------------------
----------------------------------
buy 4,072,059
---------------------------------------------------------------------
---------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
c. Equity-related transactions
(in millions of yen)
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------------------
-------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Exchange-traded
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Futures sell 166,279 --- 2,112 2,112
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 6,134 --- 37 37
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 6,692 --- (37) 20
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 8,512 --- 232 53
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Over-the-counter
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 223,122 104,338 (42,827) (15,309)
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 231,491 102,129 39,008 10,718
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Swaps receive-index swaps 2,422 --- (95) (95)
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
pay-index swaps 11,782 4,260 379 379
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Total --- --- (1,190) (2,084)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated statement of operations.
2. Market values of exchange-traded transactions are based on
closing prices on the Osaka Stock Exchange, etc. Market values of
over-the-counter transactions are based on discounted cash flow
method, option pricing models, etc.
d. Bond-related transactions
(in millions of yen)
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------------------
-------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Exchange-traded
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Futures sell 460,102 20,390 (672) (672)
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 425,757 12,045 (18) (18)
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 493,731 --- (982) 50
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 228,111 14,811 521 (4)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Over-the-counter
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 105,600 --- (733) 119
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 25,785 --- 78 10
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Total (1,808) (515)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated statement of operations. Derivatives which qualify for
hedge-accounting are not included in the table above.
2. Market values of exchange-traded transactions are based on
closing prices on the Tokyo Stock Exchange, etc. Market values of
over-the-counter transactions are based on option pricing models,
etc.
e. Commodity-related transactions
(in millions of yen)
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------------------
-------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Exchange-traded
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Futures sell 2,631 326 220 220
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 5,193 2,415 (196) (196)
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 2,883 --- (296) 4
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 2,003 --- 56 (56)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Over-the-counter
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Swaps receive-index swaps 166,734 58,269 (3,163) (3,163)
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
pay-index swaps 154,168 42,168 (7,786) (7,786)
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Options sell 64,758 6,506 (3,332) (140)
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 77,370 9,992 4,681 (943)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Total (9,817) (12,063)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated statement of operations.
2. Market values of exchange-traded transactions are based on
closing prices on the International Petroleum Exchange, etc.
Market values of over-the-counter transactions are based on the
price of the commodities, contract terms, and other factors
comprising the contract of transactions.
3. Commodities are mainly related to petroleum.
Mitsubishi Tokyo Financial Group, Inc. and Consolidated Subsidiaries
f. Credit derivatives
(in millions of yen)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------------------
-------------------------------------------------------------------
Notional principal with maturity Market value Valuation
or contract amount of over 1 year gains (losses)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Over-the-counter
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Credit default optisell 373,649 307,792 76,186 76,186
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 534,175 373,215 3,232 3,232
-------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Others sell --- --- --- ---
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy 130,297 16,837 (938) (938)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Total 78,480 78,480
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains (losses) are recognized in the consolidated statement of operations.
2. Market values are based on discounted cash flow method, option pricing models, etc.
3. In the table above, "sell" indicates credit risks assumed, and "buy" indicates credit risks transferred.
g. Others
(in millions of yen)
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
As of March 31, 2002
-------------------------------------------------------------------
-------------------------------------------------------------------
Notional principal with maturity
or contract amount of over 1 year Market value Valuation gains
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Over-the-counter
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Weather sell 146 --- 8 12
derivatives
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
buy --- --- --- ---
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Total 8 12
------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Notes:
1. Valuation gains are recognized in the consolidated statement of operations.
2. Market values are based on discounted cash flow method, option
pricing models, etc.
Non-Consolidated Summary Report
for the Fiscal Year Ended March 31, 2003
Date: May 26, 2003
Company name (code number): Mitsubishi Tokyo Financial Group, Inc. (8306)
(URL http://www.mtfg.co.jp)
Stock exchange listings: Tokyo, Osaka, New York, London
Headquareters: Tokyo
Representative: Shigemitsu Miki, President &
CEO
For inquiry: Katsuhiko Ishizuka, Chief Manager - Financial Policy
Division
(Phone) +81-3-3240-8211
Date of resolution of Board of Directors
with respect to the non-consolidated financial May 26, 2003
statements:
Date of the Ordinary General Meeting of June 27, 2003
Shareholders:
Interim dividends policy: Yes
Unit share system: No
1. Non-consolidated financial data for the year ended March 31, 2003
(1) Operating results
(in millions of
yen except per
share data and
percentages)
---------------------------------------------------------------------------------------------
For the year ended March 31,
-------------------------------------------
2003 2002
---------------------------------------------------------------------------------------------
Operating income 27,232 72,544
Change from the previous year (62.5)% -
---------------------------------------------------------------------------------------------
Operating profit 23,991 68,378
Change from the previous year (64.9)% -
---------------------------------------------------------------------------------------------
Ordinary profit 22,415 68,114
Change from the previous year (67.1)% -
---------------------------------------------------------------------------------------------
Net income 23,389 67,871
Change from the previous year (65.5)% -
---------------------------------------------------------------------------------------------
Net income per common share 2,610.44 10,367.98
---------------------------------------------------------------------------------------------
Net income per common and common equivalent share - -
---------------------------------------------------------------------------------------------
Net income as a percentage of shareholders'
equity 0.4 % 1.7 %
---------------------------------------------------------------------------------------------
Ordinary profit as a percentage of total liabilities and
shareholders' equity 0.5 % 1.6 %
---------------------------------------------------------------------------------------------
Ordinary profit as a percentage of operating
income 82.3 % 93.9 %
---------------------------------------------------------------------------------------------
Notes:
1. Average number of shares outstanding for the year
ended:
March 31, 2003 : (common stock) 5,766,886 shares
(preferred shares
stock-
class 1) 81,400
(preferred shares
stock-
class 2) 100,000
March 31, 2002 : (common stock) 5,742,295 shares
(preferred shares
stock-
class 1) 81,400
(preferred shares
stock-
class 2) 100,000
2. Changes in accounting policy : No
(2) Payment of dividends
(in millions
of yen
except per
share data
and
percentages)
------------------------------------------------------------------------------------------------------------------------
For the year ended March 31,
--------------------------------------------------------------
2003 2002
--------------------------------------------------------------
Common PreferredPreferred Common Preferred Preferred
stock stock- stock- stock stock- stock- class
class 1 class 2 class 1 2
------------------------------------------------------------------------------------------------------------------------
Interim dividends per share 0 41,250 8,100 - - -
------------------------------------------------------------------------------------------------------------------------
Term-end dividends per share 4,000 41,250 8,100 6,000 82,500 16,200
------------------------------------------------------------------------------------------------------------------------
Total dividends per share paid for the fiscal year 4,000 82,500 16,200 6,000 82,500 16,200
------------------------------------------------------------------------------------------------------------------------
Total dividends for the fiscal year 24,922 6,715 1,620 34,452 6,715 1,620
------------------------------------------------------------------------------------------------------------------------
Total dividends for the fiscal year 165.5% 57.9%
as a percentage of net income
------------------------------------------------------------------------------------------------------------------------
Total dividends for the fiscal year 0.7% 1.0%
as a percentage of shareholders' equity
------------------------------------------------------------------------------------------------------------------------
(3) Balance sheet highlights
(in millions of yen except per
share data and percentages)
------------------------------------------------------------------------------------------------------------------------
As of March 31,
----------------------------------------
2003 2002
--------------------------------------------------------------------------------------------------
Total assets 4,264,085 4,301,963
--------------------------------------------------------------------------------------------------
Shareholders' equity 4,251,306 4,052,733
--------------------------------------------------------------------------------------------------
Shareholders' equity as a percentage 99.7% 94.2%
of total liabilities and shareholders' equity
--------------------------------------------------------------------------------------------------
Shareholders' equity per common share 609,704.98 628,435.11
--------------------------------------------------------------------------------------------------
Notes:
1. Number of shares outstanding as of:
March 31, 2003 : (common stock) 6,230,506 shares
(preferred stock- shares
class 1) 81,400
(preferred stock- shares
class 2) 100,000
March 31, 2002 : (common stock) 5,742,093 shares
(preferred stock- shares
class 1) 81,400
(preferred stock- shares
class 2) 100,000
2. Number of treasury stocks outstanding as of:
March 31, 2003 : 1,655 shares
March 31, 2002 : 374 shares
2. Earning projections for the fiscal year ending March 31, 2004
(in millions of yen except per
share data)
------------------------------------------------------------------------------------------------------------------------
For the six months For the year ending
ending
September 30, 2003 March 31, 2004
--------------------------------------------------------------------------------------------------
Operating income 42,000 44,000
--------------------------------------------------------------------------------------------------
Ordinary profit 40,000 40,000
--------------------------------------------------------------------------------------------------
Net income 40,000 40,000
--------------------------------------------------------------------------------------------------
Dividend per share: Common
stock - 4,000
Preferred
stock-
class 1 41,250 82,500
Preferred
stock-
class 2 8,100 16,200
--------------------------------------------------------------------------------------------------
Projected net income per common share for the year ending March 31, 2004 (yen): 5,082.17
(Reference)
Formulas for computing ratios for the fiscal year ended March 31,
2003 are as follows.
Net income per common
share
Net income attributable to common
shareholders
---------------------------------------------
Average number of common stock for the fiscal
year*
Net income per common and common equivalent
share
Net income attributable to common shereholders + Adjustments in
net income
-----------------------------------------------------------------
Average number of common stock for the fiscal year* + Common
equivalent share
Net income as a percentage of
shareholders' equity
Net income attributable to common shareholders
--------------------------------------------------------------------------------------------------
{ [Shareholders' equity at the beginning of the fiscal year - Number of preferred stock at the
beginning of the fiscal year x Issue price]
+ [Shareholders' equity at fiscal year end - Number of preferred stock at fiscal year end x
Issue price] } / 2
Total dividends for the fiscal year as a percentage
of net income
Total dividends for the fiscal year on common
stock
---------------------------------------------
Net income - Total dividends for the fiscal
year on preferred stock
Total dividends for the fiscal year as a percentage of
shareholders' equity
Total dividends for the fiscal year on common stock
--------------------------------------------------------------------
Shareholders' equity at fiscal year end - Number of preferred stock
at fiscal year end x Issue price
Shareholders' equity per common
share
Shareholders' equity at fiscal year end - Deduction from
shareholders' equity**
--------------------------------------------------------------------
Number of common stock at fiscal year end*
Note:Since the current fiscal year, MTFG has adopted Financial Accounting Standard No.2 "Accounting
Standard for Earnings Per Share" issued by the Accounting Standards Board of Japan (the
"ASBJ") on September 25, 2002 and Financial Accounting Standards Implementation Guidance No.4
"Implementation Guidance for Accounting Standard for Earnings Per Share" issued by the ASBJ on
September 25, 2002.
Formula for computing projected earning ratio for the fiscal year ending March 31,
2004 is as follows.
Projected net income per common
share
Projected net income attributable to common
shereholders
---------------------------------------------
Number of common stock at fiscal year end*
* excluding treasury
stock
**number of preferred stock at fiscal year endxissue price + total
dividends on preferred stock
--------------------------------------------------------------------------------------------------
This financial summary report and the accompanying financial highlights contain forward looking
statements and other information relating to the Company (such statements and information are
hereafter referred to as the "Forward-Looking Statements"). The Forward-Looking Statements are
not historical facts and include, reflect or are otherwise based upon, among other things, the
Company's current projections, views, policies, business strategies, targets, expectations,
assumptions and evaluations with respect to general economic conditions, the result of its
operations, its financial condition, its management in general and other future events.
Some Forward-Looking Statements represent targets that the Company's management will strive to
achieve through the successful implementation of the Company's business strategies. Accordingly,
they are inherently susceptible to uncertainties, risks and changes in circumstances and are not
guarantees of future performance. The Company may not be successful in implementing its business
strategy, and actual results may differ materially, for a wide range of possible reasons. Please
see "3. Results of Operations and Financial Condition - (1) Results of operations."
In light of the many risks, uncertainties and possible changes, you are advised not to put undue
reliance on the Forward-Looking Statements. The Company is under no obligation - and expressly
disclaim any obligation - to update or alter the Forward-Looking Statements, except as may be
required by any applicable laws and regulations or stock exchange rules.
(MORE TO FOLLOW)
Short Name: Mitsubishi Tokyo Fin
Category Code: FR
Sequence Number: 00005195
Time of Receipt (offset from UTC): 20030526T085822+0100
--30--ac/uk*
CONTACT: Mitsubishi Tokyo Financial Group Inc
KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL ASIA PACIFIC EUROPE
INDUSTRY KEYWORD: BANKING
SOURCE: Mitsubishi Tokyo Financial Group Inc
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
1 Year Mondo TV France Chart |
1 Month Mondo TV France Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
