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BW20030528002023 20030528T112624Z UTC
( BW)(MITSUBISHI-TOKYO-FIN)(MTF) Final Results - Part 2 of 5
Business Editors
UK REGULATORY NEWS
TOKYO--(BUSINESS WIRE)--May 28, 2003--
(Japanese GAAP)
Mitsubishi Tokyo Financial Group, Inc.
Non-Consolidated Balance Sheets
------------------------------------------------------------------------------------------------------------------------
As of March 31, As of March 31,
(in millions of yen) 2002 2003
------------------------------------------------------------------------------------------------------------------------
Assets:
Current assets:
Cash and bank deposits with banks 39,212 34,360
Deferred tax assets 50 104
Accounts receivable - 15,544
Other 16,037 1,422
Total current assets 55,300 1.3 % 51,432 1.2 %
Fixed assets:
Premises and equipment:
Leasehold improvements 261 211
Equipment and furniture 177 156
Total premises and equipment 439 367
Intangible assets:
Trademarks 56 55
Computer software 357 315
Other 2 1
Total intangible assets 415 372
Investments and other assets:
Investments in subsidiaries 4,000,070 4,210,347
Convertible bonds due from subsidiary 243,924 -
Deferred tax assets - 12
Other 436 521
Total investments and other assets 4,244,431 4,210,881
Total fixed assets 4,245,287 98.7 % 4,211,622 98.8 %
Deferred charge:
Organization cost 1,375 1,031
Total deferred charge 1,375 0.0 % 1,031 0.0%
------------------------------------------------------------------------------------------------------------------------
Total assets 4,301,963 100.0 % 4,264,085 100.0%
------------------------------------------------------------------------------------------------------------------------
Liabilities:
Current liabilities:
Accounts payable 250 12,241
Accrued expenses 2,772 112
Accrued income taxes 109 292
Other 59 54
Reserve for employees' bonuses 75 78
Total current liabilities 3,267 0.1 % 12,779 0.3%
Long-term liabilities:
Convertible bonds 243,924 -
Deferred tax liabilities 2,038 -
Total long-term liabilities 245,962 5.7 % - - %
------------------------------------------------------------------------------------------------------------------------
Total liabilities 249,230 5.8 % 12,779 0.3 %
------------------------------------------------------------------------------------------------------------------------
Shareholders' equity:
Capital stock 1,146,500 26.6 % 1,258,052 29.5 %
Capital surplus:
Legal capital surplus 2,838,692 2,350,244
Other capital surplus - 600,000
Total capital surplus 2,838,692 66.0 % 2,950,244 69.2 %
Retained earnings:
Unappropriated 67,871 44,305
Total retained earnings 67,871 1.6 % 44,305 1.0 %
------------------------------------------------------------------------------------------------------------------------
Total 4,053,064 94.2 % 4,252,602 99.7 %
Less treasury stock (331) 0.0 % (1,296)(0.0)%
------------------------------------------------------------------------------------------------------------------------
Total shareholders' equity 4,052,733 94.2 % 4,251,306 99.7 %
------------------------------------------------------------------------------------------------------------------------
Total liabilities and shareholders' equity 4,301,963 100.0 % 4,264,085 100.0%
------------------------------------------------------------------------------------------------------------------------
See Notes to Non-Consolidated Financial Statements.
(Japanese GAAP)
Mitsubishi Tokyo Financial Group, Inc.
Non-Consolidated Statements of Income
----------------------------------------------------------------------------------------
(in millions of yen) For the year ended For the year ended
March 31, 2002 March 31, 2003
----------------------------------------------------------------------------------------
Operating income:
Dividends on investments in subsidiaries 67,577 22,067
Management fees from subsidiaries 4,967 5,165
----------------------------------------------------------------------------------------
Total operating income 72,544 100.0 % 27,232 100.0 %
----------------------------------------------------------------------------------------
Operating expenses:
General and administrative expenses 4,166 3,240
----------------------------------------------------------------------------------------
Total operating expenses 4,166 5.7 % 3,240 11.9 %
----------------------------------------------------------------------------------------
Operating profit 68,378 94.3 % 23,991 88.1 %
----------------------------------------------------------------------------------------
Non-operating income:
Interest on deposits 7 6
Interest on securities 7,137 4,729
Other 230 125
----------------------------------------------------------------------------------------
Total non-operating income 7,374 10.1 % 4,861 17.8 %
----------------------------------------------------------------------------------------
Non-operating expenses:
Interest on borrowed money 27 -
Interest on convertible bonds 7,137 4,729
Amortization of organization cost 343 343
Amortization of stock issuance costs - 1,351
Other 129 13
----------------------------------------------------------------------------------------
Total non-operating expenses 7,638 10.5 % 6,437 23.6 %
----------------------------------------------------------------------------------------
Ordinary profit 68,114 93.9 % 22,415 82.3 %
----------------------------------------------------------------------------------------
Special losses:
Losses on sales of fixed assets - 2
Losses on disposition of fixed assets - 269
----------------------------------------------------------------------------------------
Total special losses - - % 272 1.0 %
----------------------------------------------------------------------------------------
Income before income taxes 68,114 93.9 % 22,143 81.3 %
----------------------------------------------------------------------------------------
Income taxes-current 306 859
Income taxes-deferred (63) (2,105)
Total income taxes 242 0.3 % (1,245) (4.6) %
----------------------------------------------------------------------------------------
Net income 67,871 93.6 % 23,389 85.9 %
----------------------------------------------------------------------------------------
Unappropriated retained earnings brought
forward - 25,083
Interim cash dividends - 4,167
Unappropriated retained earnings at fiscal
year end 67,871 44,305
----------------------------------------------------------------------------------------
See Notes to Non-Consolidated Financial
Statements.
(Japanese GAAP)
Mitsubishi Tokyo Financial Group, Inc.
Proposed Appropriations of Retained Earnings and Other Capital Surplus
---------------------------------------------------------------------------------------------------
(in millions of yen) For the year ended For the year ended
March 31, 2002 March 31, 2003
---------------------------------------------------------------------------------------------------
Appropriations of Retained Earnings
---------------------------------------------------------------------------------------------------
Unappropriated retained earnings at
fiscal year end 67,871 44,305
---------------------------------------------------------------------------------------------------
Appropriations:
Cash dividends on preferred
stock-class 1 (82,500 yen per share) 6,715 (41,250 yen per share) 3,357
Cash dividends on preferred
stock-class 2 (16,200 yen per share) 1,620 (8,100 yen per share) 810
Cash dividends on common stock (6,000 yen per share) 34,452 (4,000 yen per share) 24,922
---------------------------------------------------------------------------------------------------
Total 42,788 29,089
---------------------------------------------------------------------------------------------------
Unappropriated retained earnings to be
carried forward 25,083 15,215
---------------------------------------------------------------------------------------------------
Appropriations of Other Capital Surplus
---------------------------------------------------------------------------------------------------
Other capital surplus at fiscal year end - 600,000
---------------------------------------------------------------------------------------------------
Other capital surplus to be carried forward - 600,000
---------------------------------------------------------------------------------------------------
======================================================================
Information on Notes to Non-Consolidated Financial Statements can be
viewed at:
http://www.mtfg.co.jp
======================================================================
Information on Changes of Directors and Corporate Auditors can be
viewed at:
http://www.mtfg.co.jp
======================================================================
Selected Financial Information
under Japanese GAAP For the Fiscal Year Ended March 31, 2003
[Contents]
1 Consolidated Financial Highlights under Japanese GAAP
for the Fiscal Year Ended March 31, 2003
1. Financial Results [Consolidated] 1
2. Valuation Differences on Securities [Consolidated] , [Trust] 2
3. Risk-Adjusted Capital Ratio Based on the Standards of the BIS [Consolidated] 3
4. Return on Equity [Consolidated] 3
2. Loan Portfolio and Other
1. Risk-Monitored Loans [Consolidated] , [Trust] 4
2. Allowance for Loan Losses [Consolidated] , [Trust] 6
3. Coverage Ratio against Risk-Monitored Loans [Consolidated] 6
4. Disclosed Claims under the Financial Reconstruction Law (the ?FRL?) [Total of the 2 Banks*] 7
5. Status of Secured Coverage on Disclosed Claims under the FRL [Total of the 2 Banks*] 7
6. Progress in the Disposal of Problem Assets [Total of the 2 Banks*] 8
7. Classification of Loans by Type of Industry [Total of the 2 Banks*] 11
8. Foreign Loans [Total of the 2 Banks*] 13
9. Loans and Deposits [Total of the 2 Banks*] 14
10. Domestic Deposits [Total of the 2 Banks*] 14
11. Number of Employees [Total of the 2 Banks*] 14
12. Number of Offices [Total of the 2 Banks*] 14
13. Employees' Retirement Benefits [Consolidated] 15
14. Earning Projections for the Fiscal Year ending March 31, 2004 [Consolidated] 16
Note: * "Total of the 2 Banks" stands for the aggregated
non-consolidated figures of The Bank of Tokyo-Mitsubishi, Ltd. and The
Mitsubishi Trust and Banking Corporation.
1 Consolidated Financial Highlights under Japanese GAAP
for the Fiscal Year Ended March 31, 2003
1 Financial Results
For the year ended Increase/ For the year ended
March 31, 2003 (A) (Decrease) March 31, 2002 (B)
Gross profits 1,747,325 35,679 1,711,646
Net interest income 1,058,810 (49,224) 1,108,034
Trust fees 101,442 (21,337) 122,779
Credit costs for trust accounts (1) (8,136) 11,183 (19,319)
Net fees and commissions 354,717 16,319 338,398
Net trading profits 79,907 25,319 54,588
Net other business income 152,447 64,602 87,845
Net gains on debt securities 68,260 60,374 7,886
General and administrative expenses 991,226 24,374 966,851
Net business profits before
credit costs for trust accounts 764,235 120 764,114
and provision for formula allowance for loan losses
Provision for formula allowance for loan losses(2) 38,260 4,386 33,874
Net business profits* 717,838 6,918 710,920
Net non-recurring losses (1,078,100) (77,834) (1,000,266)
Credit related costs (3) (492,380) 242,235 (721,245)
Losses on loan charge-offs (211,059) 72,638 (283,697)
Provision for specific allowance for loan losses (117,747) 228,399 (346,146)
Losses on sales of loans to the
Resolution and Collection Corporation (75,263) (69,100) (6,162)
Other credit related costs (88,310) (3,072) (85,238)
Net losses on equity securities (488,030) (263,179) (224,850)
Gains on sales of equity securities 80,344 (56,508) 136,852
Losses on sales of equity securities (219,654) (2,619) (217,034)
Losses on write down of equity securities (348,719) (204,050) (144,668)
Equity in loss of affiliates (3,532) 7,079 (10,612)
Other (94,157) (62,970) (43,557)
Ordinary loss (360,262) (70,916) (289,345)
Net special gains (losses) 19,520 27,258 (7,738)
Loss before income taxes and others (340,742) (43,657) (297,084)
Income taxes-current 55,919 21,101 34,818
Income taxes-deferred (237,065) (38,753) (198,311)
Minority interest 1,898 (16,826) 18,725
Net loss (161,495) (9,179) (152,316)
Note:
* Net business profits = The 2 Banks' non-consolidated net business
profits + Other consolidated entities' gross profits - Other
consolidated entities' general and administrative expenses - Other
consolidated entities' provision for formula allowance for loan
losses - Intercompany transactions
Reference
Total credit costs (1)+(2)+(3) 538,777 (235,661) 774,439
Number of consolidated subsidiaries 184 (2) 186
Number of affiliated companies
accounted for by the equity method 31 (6) 37
2. Valuation Differences on Securities
(1) Valuation method of securities
--------------------------------------------------------------------------------------------------------------
Trading securities Market value (valuation differences are recorded as profits or losses)
------------------------------------------------------------------------------------------------------------------------
Debt securities being
held to maturity Amortized cost
------------------------------------------------------------------------------------------------------------------------
Securities available for sale Market value (valuation differences are included in
shareholders' equity, net of income taxes)
------------------------------------------------------------------------------------------------------------------------
(Reference) Securities in money held in trust
------------------------------------------------------------------------------------------------------------------------
Trading purposes Market value (valuation differences are recorded as profits or losses)
------------------------------------------------------------------------------------------------------------------------
Being held to maturity Amortized cost
------------------------------------------------------------------------------------------------------------------------
Other Market value (valuation differences are included in shareholders' equity, net of income taxes)
------------------------------------------------------------------------------------------------------------------------
(2) Valuation differences
As of March 31, 2003 As of March 31, 2002
------------------------------------------------------------------------------------------------------------------------
Valuation differences Valuation differences
------------------------------------------------------------------------------------------------------------------------
(A) (A) - (B) Gains Losses (B) Gains Losses
------------------------------------------------------------------------------------------------------------------------
Debt securities being
held to maturity 15,960 2,432 15,961 1 13,527 13,799 271
------------------------------------------------------------------------------------------------------------------------
Securities available
for sale (242,635) (381,477) 506,454 749,089 138,842 743,925 605,083
------------------------------------------------------------------------------------------------------------------------
Domestic equity securities (427,244) (498,699) 191,051 618,296 71,454 551,983 480,528
------------------------------------------------------------------------------------------------------------------------
Domestic bonds 121,870 42,168 124,182 2,311 79,702 83,691 3,989
------------------------------------------------------------------------------------------------------------------------
Other 62,738 75,053 191,220 128,481 (12,314) 108,250 120,565
------------------------------------------------------------------------------------------------------------------------
Total (226,675) (379,045) 522,415 749,090 152,370 757,725 605,355
------------------------------------------------------------------------------------------------------------------------
Domestic equity securities (427,244) (498,699) 191,051 618,296 71,454 551,983 480,528
------------------------------------------------------------------------------------------------------------------------
Domestic bonds 133,297 44,723 135,609 2,311 88,574 92,647 4,072
------------------------------------------------------------------------------------------------------------------------
Other 67,271 74,931 195,755 128,483 (7,659) 113,093 120,753
------------------------------------------------------------------------------------------------------------------------
(2) Market Value Information for Securities in Trusts with Contracts for Compensating the Principal
Money Trusts (jointly operated designated money in trust)
A. Market Value of Securities (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
Trust Assets at period end Market Value Valuation Gains
------------------------------------------------------------------------------------------------------------------------
March 31, 2003 232,328 238,931 6,602
------------------------------------------------------------------------------------------------------------------------
Note : A fair value is given where a fair value can be calculated for a market-value equivalent.
B. Valuation Gains of Derivative Transaction : 1,637 millions of yen
Loan Trusts
A. Market Value of Securities (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
Trust Assets at period end Market Value Valuation Gains
------------------------------------------------------------------------------------------------------------------------
March 31, 2003 201,780 226,131 24,350
------------------------------------------------------------------------------------------------------------------------
Note : A fair value is given where a fair value can be calculated for a market-value equivalent.
B. Valuation Gains of Derivative Transaction : 12,648 millions of yen
3. Risk-Adjusted Capital Ratio Based on the Standards of the BIS
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
(Preliminary basis)
------------------------------------------------------------------------------------------------------------------------
(1) Risk-adjusted capital ratio 10.84% 0.53% 0.34% 10.30% 10.49%
------------------------------------------------------------------------------------------------------------------------
(2) Tier I capital 3,128.6 (52.4) 75.5 3,181.1 3,053.1
------------------------------------------------------------------------------------------------------------------------
(3) Tier II capital includable
as qualifying capital 2,847.6 (297.7) (95.2) 3,145.3 2,942.8
------------------------------------------------------------------------------------------------------------------------
i) The amount of unrealized gains
on investment securities, includable
as qualifying capital -- (61.2) -- 61.2 --
ii) The amount of land revaluation
excess includable as qualifying capital 147.3 1.0 3.2 146.2 144.0
iii) Subordinated debt 2,012.1 (281.8) (98.0) 2,294.0 2,110.2
(4) Tier III capital includable
as qualifying capital 30.0 30.0 0.2 -- 29.8
(5) Deductions from total
qualifying capital 37.9 (68.0) 14.1 105.9 23.7
(6) Total qualifying
capital (2)+(3)+(4)-(5) 5,968.4 (252.1) (33.6) 6,220.5 6,002.0
(7) Risk-adjusted assets 55,049.6 (5,286.2) (2,140.6) 60,335.8 57,190.3
4. Return on Equity (%)
For the year ended Increase/ For the year ended
March 31, 2003 (A) (Decrease) March 31, 2002 (B)
(A) - (B)
------------------------------------------------------------------------------------------------------------------------
ROE * (5.97) (0.43) (5.54)
------------------------------------------------------------------------------------------------------------------------
Note: * ROE is computed as follows:
(Net income - Dividends on preferred stocks)
--------------------------------------------------------------------------- × 100
{(Shareholders' equity at beginning of period - Number of preferred
stocks at beginning of period × Issue price - Land revaluation excess
at beginning of period - Unrealized gains on securities available for
sale at beginning of period) + (Shareholders' equity at end of period
- Number of preferred stocks at end of period × Issue price - Land
revaluation excess at end of period - Unrealized gains on securities
available for sale at end of period)} / 2
2 Loan Portfolio and Other
1. Risk-Monitored Loans
(Nonaccrual loans, accruing loans contractually past due 3 months or
more and restructured loans)
[Consolidated]
(in millions of yen)
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Loans to customers in bankruptcy 96,530 (51,425) (14,430) 147,955 110,961
------------------------------------------------------------------------------------------------------------------------
Past due loans 1,208,106 (789,404) (341,496) 1,997,510 1,549,602
------------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 20,399 (2,640) 6,429 23,039 13,970
past due 3 months or more
------------------------------------------------------------------------------------------------------------------------
Restructured loans 1,244,431 (633,680) (556,158) 1,878,111 1,800,590
------------------------------------------------------------------------------------------------------------------------
Total 2,569,468 (1,477,150) (905,656) 4,046,618 3,475,124
------------------------------------------------------------------------------------------------------------------------
Loans and bills discounted 46,950,363 (2,112,431) (11,449) 49,062,795 46,961,813
------------------------------------------------------------------------------------------------------------------------
Percentage of total loans
and bills discounted
------------------------------------------------------------------------------------------------------------------------
Loans to customers
in bankruptcy 0.20% (0.09)% (0.03)% 0.30% 0.23%
------------------------------------------------------------------------------------------------------------------------
Past due loans 2.57% (1.49)% (0.72)% 4.07% 3.29%
------------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 0.04% (0.00)% 0.01% 0.04% 0.02%
past due 3 months or more
------------------------------------------------------------------------------------------------------------------------
Restructured loans 2.65% (1.17)% (1.18)% 3.82% 3.83%
------------------------------------------------------------------------------------------------------------------------
Total 5.47% (2.77)% (1.92)% 8.24% 7.39%
------------------------------------------------------------------------------------------------------------------------
[Trust accounts] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Loans to customers in bankruptcy 4,369 (4,049) (5,759) 8,419 10,129
------------------------------------------------------------------------------------------------------------------------
Past due loans 2,220 (9,745) (4,224) 12,016 6,445
------------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 919 (180) (122) 1,100 1,041
past due 3 months or more
------------------------------------------------------------------------------------------------------------------------
Restructured loans 33,655 (10,582) (7,378) 44,237 41,033
------------------------------------------------------------------------------------------------------------------------
Total 41,165 (24,607) (17,485) 65,773 58,650
------------------------------------------------------------------------------------------------------------------------
Loans and bills discounted 883,501 (240,168) (85,366) 1,123,669 968,867
------------------------------------------------------------------------------------------------------------------------
[Consolidated and Trust accounts] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Loans to customers in bankruptcy 100,899 (55,475) (20,190) 156,374 121,090
------------------------------------------------------------------------------------------------------------------------
Past due loans 1,210,327 (799,199) (345,721) 2,009,526 1,556,048
------------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 21,319 (2,820) 6,306 24,139 15,012
past due 3 months or more
------------------------------------------------------------------------------------------------------------------------
Restructured loans 1,278,087 (644,262) (563,536) 1,922,349 1,841,623
------------------------------------------------------------------------------------------------------------------------
Total 2,610,633 (1,501,758) (923,141) 4,112,391 3,533,775
------------------------------------------------------------------------------------------------------------------------
Loans and bills discounted 47,833,865 (2,352,600) (96,815) 50,186,465 47,930,681
------------------------------------------------------------------------------------------------------------------------
Classification of risk-monitored Loans
Classification by geographic area
[Consolidated] (in millions of yen)
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Domestic* 2,163,416 (1,540,573) (950,020) 3,703,990 3,113,436
------------------------------------------------------------------------------------------------------------------------
Overseas* 406,051 63,423 44,364 342,628 361,687
------------------------------------------------------------------------------------------------------------------------
Asia 66,666 (59,886) (16,894) 126,553 83,561
-----------------------------------------------------------------------------------------------------------------------
Indonesia 14,348 (27,181) (17,218) 41,530 31,566
Thailand 13,595 (26,869) (16,021) 40,465 29,616
Hong Kong 16,539 5,049 13,957 11,490 2,581
Other 22,183 (10,883) 2,387 33,067 19,796
------------------------------------------------------------------------------------------------------------------------
United States of America 212,778 61,323 60,765 151,454 152,012
Other 126,606 61,987 493 64,619 126,113
------------------------------------------------------------------------------------------------------------------------
Total 2,569,468 (1,477,150) (905,656) 4,046,618 3,475,124
------------------------------------------------------------------------------------------------------------------------
Note:* "Domestic" and "Overseas" are classified by domicile of borrowers.
[Trust accounts] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Domestic 41,165 (24,607) (17,485) 65,773 58,650
------------------------------------------------------------------------------------------------------------------------
Classification by type
of industry of borrowers
[Consolidated] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Domestic* 2,163,416 (1,540,573) (950,020) 3,703,990 3,113,436
------------------------------------------------------------------------------------------------------------------------
Manufacturing 303,932 (142,579) (111,041) 446,511 414,974
Construction 257,374 (136,846) (88,440) 394,220 345,815
Wholesale and Retail 475,371 (183,289) (148,344) 658,660 623,715
Banks and other
financial institutions 24,942 (68,850) (57,869) 93,792 82,811
Real estate 515,712 (745,396) (394,774) 1,261,108 910,487
Services 249,824 (196,333) (122,894) 446,157 372,719
Other industries 103,079 (24,572) (6,885) 127,651 109,964
Consumer 233,178 (42,706) (19,770) 275,885 252,949
------------------------------------------------------------------------------------------------------------------------
Overseas* 406,051 63,423 44,364 342,628 361,687
------------------------------------------------------------------------------------------------------------------------
Banks and other
financial institutions 6,122 (19,537) (2,932) 25,660 9,055
Commercial and industrial 379,238 72,808 77,853 306,429 301,384
Other 20,691 10,152 (30,556) 10,538 51,248
------------------------------------------------------------------------------------------------------------------------
Total 2,569,468 (1,477,150) (905,656) 4,046,618 3,475,124
------------------------------------------------------------------------------------------------------------------------
Note:* "Domestic" and "Overseas" are classified by domicile of borrowers.
[Trust accounts] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Domestic 41,165 (24,607) (17,485) 65,773 58,650
------------------------------------------------------------------------------------------------------------------------
Manufacturing 4,005 (2,875) (5,421) 6,880 9,426
Construction 1,717 (1,380) (1,281) 3,098 2,999
Wholesale and Retail 2,500 (3,925) (1,414) 6,425 3,914
Banks and other
financial institutions -- (25) -- 25 --
Real estate 6,619 (7,264) (4,083) 13,884 10,703
Services 1,733 (9,941) (7,224) 11,675 8,958
Other industries 18,210 2,586 2,693 15,623 15,516
Consumer 6,377 (1,781) (753) 8,159 7,131
------------------------------------------------------------------------------------------------------------------------
Total 41,165 (24,607) (17,485) 65,773 58,650
------------------------------------------------------------------------------------------------------------------------
2. Allowance for Loan Losses
[Consolidated] (in millions of yen)
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Allowance for loan losses 1,297,292 (362,348) (200,984) 1,659,640 1,498,277
------------------------------------------------------------------------------------------------------------------------
Formula allowance for loan losses 806,015 31,464 (36,157) 774,550 842,172
------------------------------------------------------------------------------------------------------------------------
Specific allowance for loan losses 477,898 (379,588) (163,356) 857,487 641,255
------------------------------------------------------------------------------------------------------------------------
Allowance for loans to
specific foreign borrowers 13,378 (14,224) (1,471) 27,602 14,849
------------------------------------------------------------------------------------------------------------------------
Reserve for losses on real estate-
collateralized loans sold -- (7,575) (2,039) 7,575 2,039
------------------------------------------------------------------------------------------------------------------------
[Trust accounts] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Special internal reserves 8,425 (4,678) (2,725) 13,104 11,151
------------------------------------------------------------------------------------------------------------------------
Allowance for bad debts 1,002 109 (86) 893 1,089
------------------------------------------------------------------------------------------------------------------------
3. Coverage Ratio against Risk-Monitored Loans
[Consolidated] (in millions of yen)
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Allowance for loan losses (I) 1,297,292 (362,348) (200,984) 1,659,640 1,498,277
------------------------------------------------------------------------------------------------------------------------
Risk-monitored loans (II) 2,569,468 (1,477,150) (905,656) 4,046,618 3,475,124
------------------------------------------------------------------------------------------------------------------------
Coverage ratio (I)/(II) 50.48% 9.47% 7.37% 41.01% 43.11%
------------------------------------------------------------------------------------------------------------------------
4. Disclosed Claims under the Financial Reconstruction Law (the "FRL")
[Banking and Trust accounts:
Total of the 2 Banks] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Claims to bankrupt and
substantially bankrupt debtors 226,457 (192,623) (175,655) 419,080 402,112
------------------------------------------------------------------------------------------------------------------------
Claims under high risk 1,031,373 (902,187) (355,283) 1,933,561 1,386,657
------------------------------------------------------------------------------------------------------------------------
Claims under close observation 1,357,445 (559,393) (528,841) 1,916,838 1,886,287
------------------------------------------------------------------------------------------------------------------------
Total (1) 2,615,276 (1,654,204) (1,059,780) 4,269,481 3,675,056
------------------------------------------------------------------------------------------------------------------------
Normal claims 46,335,943 (1,795,990) 104,030 48,131,933 46,231,912
------------------------------------------------------------------------------------------------------------------------
5. Status of Secured Coverage on Disclosed Claims under the FRL
[Banking and Trust accounts: Total of the 2 Banks] (in millions of yen)
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------------
Secured coverage amount (2) 1,971,278 (1,270,775) (830,180) 3,242,054 2,801,459
------------------------------------------------------------------------------------------------------------------------
Allowance for loan losses 671,843 (387,397) (205,935) 1,059,240 877,778
------------------------------------------------------------------------------------------------------------------------
Reserve for financial
support to specific borrowers 531 93 281 437 250
------------------------------------------------------------------------------------------------------------------------
Collateral, guarantees, etc. 1,298,903 (883,472) (624,526) 2,182,375 1,923,429
------------------------------------------------------------------------------------------------------------------------
Secured coverage ratio (2)/(1) 75.37% (0.56)% (0.85)% 75.93% 76.22%
------------------------------------------------------------------------------------------------------------------------
Secured Coverage of Each Category of Disclosed Claims under the FRL
[Banking and Trust accounts: Total of the 2 Banks] (in millions of yen)
------------------------------------------------------------------------------------------------------------------------
Category Disclosed Allowance for Reserve for Collectable Coverage ratio Coverage ratio
amount (A) loan losses(B) financial amount by [(B)+(C)]/ [(B)+(C)+(D)]
support to collateralized [(A)-(D)] / (A)
specific and guaranteed
borrowers (C) loans(D)
------------------------------------------------------------------------------------------------------------------------
Claims to bankrupt 226,457 19,961 - 206,495 100.00% 100.00%
and substantially
bankrupt debtors [419,080] [66,821] - [352,254] [99.99%] [99.99%]
------------------------------------------------------------------------------------------------------------------------
Claims under 1,031,373 386,331 - 467,567 68.52% 82.79%
high risk [1,933,561] [723,307] [437] [860,703] [67.45%] [81.94%]
------------------------------------------------------------------------------------------------------------------------
Claims under 1,357,445 265,549 531 624,840 36.31% 65.63%
close observation [1,916,838] [269,112] - [969,417] [28.40%] [64.61%]
------------------------------------------------------------------------------------------------------------------------
Sub total (1) 2,615,276 671,843 531 1,298,903 51.07% 75.37%
[4,269,481] [1,059,240] [437] [2,182,375] [50.77%] [75.93%]
------------------------------------------------------------------------------------------------------------------------
Normal claims 46,335,943
[48,131,933]
------------------------------------------------------------------------------------------------------------------------
Total (2) 48,951,219
[52,401,415]
------------------------------------------------------------------------------------------------------------------------
Sub total (1) 5.34%
/ Total (2) [8.14%]
------------------------------------------------------------------------------------------------------------------------
Note: The upper figures are as of March 31, 2003. The lower figures
with bracket are as of March 31, 2002.
6. Progress in the Disposal of Problem Assets [Banking and Trust
accounts: Total of the 2 Banks] (excluding claims under close
observation)
(1) Assets categorized as problem assets
as of September 30, 2000 based on the FRL (in billions of yen)
As of As of As of As of As of As of
September 30, March 31, September 30, March 31, September 30, March 31, (b)-(a)
2000 2001 2001 2002 2002 (a) 2003 (b)
------------------------------------------------------------------------------------------------------------------------
Claims to bankrupt
and substantially
bankrupt debtors 513.6 280.6 274.1 213.9 253.7 68.7 (184.9)
------------------------------------------------------------------------------------------------------------------------
Claims under high risk 1,580.2 1,400.4 1,141.3 840.1 378.5 37.4 (341.0)
------------------------------------------------------------------------------------------------------------------------
Total 2,093.8 1,681.0 1,415.4 1,054.1 632.2 106.2 (526.0)
------------------------------------------------------------------------------------------------------------------------
(A) (B)
Progress in the disposal of problem assets (in billions of yen)
Second half of fiscal 2002
------------------------------------------------------------------
Disposition by borrowers' liquidation 142.7
------------------------------------------------------------------
Re-constructive disposition 15.7
------------------------------------------------------------------
Improvements in financial status due to
re-constructive disposition 0.8
------------------------------------------------------------------
Loan sales to secondary market 121.4
------------------------------------------------------------------
Charge-off 42.2
------------------------------------------------------------------
Other 202.9
------------------------------------------------------------------
Collection of claims 51.3
------------------------------------------------------------------
Improvements in financial status 151.5
------------------------------------------------------------------
Total 526.0 (B)
------------------------------------------------------------------
Above (A) includes the following figures which facilitates the final
disposal of problem loans.
(in billions of yen)
Second half of fiscal 2002
------------------------------------------------------------------
Legal liquidation 33.0
------------------------------------------------------------------
Quasi-legal liquidation 0.6
------------------------------------------------------------------
Split-off of problem loans 11.5
------------------------------------------------------------------
Partial charge-off of
smaller balance loans 10.3
------------------------------------------------------------------
Entrust through the managed trust method to 22.9
the Resolution and Collection Corporation
------------------------------------------------------------------
Total 78.5
------------------------------------------------------------------
(2) Assets newly categorized as problem assets during second half of
fiscal 2000 based on the FRL (in billions of yen)
As of As of As of As of As of
March 31, September 30, March 31, September 30, March 31, (b)-(a)
2001 2001 2002 2002 (a) 2003 (b)
------------------------------------------------------------------------------------------------------------------------
Claims to bankrupt and
substantially bankrupt debtors 117.9 103.8 99.2 46.9 34.8 (12.1)
------------------------------------------------------------------------------------------------------------------------
Claims under high risk 769.0 693.0 538.9 346.0 134.6 (211.4)
------------------------------------------------------------------------------------------------------------------------
Total 887.0 796.8 638.1 393.0 169.5 (223.5)
------------------------------------------------------------------------------------------------------------------------
(C) (D)
Progress in the disposal of problem assets (in billions of yen)
Second half of fiscal 2002
--------------------------------------------------------------
Disposition by borrowers' liquidation 10.5
--------------------------------------------------------------
Re-constructive disposition 6.4
--------------------------------------------------------------
Improvements in financial status due to
re-constructive disposition 9.1
--------------------------------------------------------------
Loan sales to secondary market 46.1
--------------------------------------------------------------
Charge-off 88.1
--------------------------------------------------------------
Other 63.0
--------------------------------------------------------------
Collection of claims 48.8
--------------------------------------------------------------
Improvements in financial status 14.1
--------------------------------------------------------------
Total 223.5 (D)
--------------------------------------------------------------
Above (C) includes the following figures which facilitates the final
disposal of problem loans.
(in billions of yen)
Second half of fiscal 2002
--------------------------------------------------------
Legal liquidation 4.5
--------------------------------------------------------
Quasi-legal liquidation --
--------------------------------------------------------
Split-off of problem loans --
--------------------------------------------------------
Partial charge-off of smaller balance loans 7.3
--------------------------------------------------------
Entrust through the managed trust
method to the Resolution
and Collection Corporation --
--------------------------------------------------------
Total 11.8
--------------------------------------------------------
(3) Assets newly categorized as problem assets during first half of
fiscal 2001 based on the FRL (in billions of yen)
As of As of As of As of
September 30, March 31, September 30, March 31, (b)-(a)
2001 2002 2002 (a) 2003 (b)
-----------------------------------------------------------------------------------------------------------
Claims to bankrupt and substantially
bankrupt debtors 30.2 42.1 27.9 17.0 (10.9)
-------------------------------------------------------------------------------------------------------
Claims under high risk 337.1 170.3 101.6 37.8 (63.8)
-------------------------------------------------------------------------------------------------------
Total 367.3 212.5 129.6 54.8 (74.7)
-------------------------------------------------------------------------------------------------------
(E) (F)
Progress in the disposal of problem assets (in billions of yen)
Second half of fiscal 2002
-------------------------------------------------------
Disposition by borrowers' liquidation 0.7
------------------------------------------------------
Re-constructive disposition 11.0
------------------------------------------------------
Improvements in financial status due to 4.5
re-constructive disposition
------------------------------------------------------
Loan sales to secondary market 21.5
------------------------------------------------------
Charge-off 8.8
------------------------------------------------------
Other 27.8
------------------------------------------------------
Collection of claims 24.6
------------------------------------------------------
Improvements in financial status 3.2
------------------------------------------------------
Total 74.7 (F)
------------------------------------------------------
Above (E) includes the following figures which facilitates the final
disposal of problem loans.
(in billions of yen)
Second half of fiscal 2002
-----------------------------------------------------------
Legal liquidation 4.4
-----------------------------------------------------------
Quasi-legal liquidation --
-----------------------------------------------------------
Split-off of problem loans --
-----------------------------------------------------------
Partial charge-off of
smaller balance loans 11.9
-----------------------------------------------------------
Entrust through the managed trust
method to the Resolution
and Collection Corporation --
-----------------------------------------------------------
Total 16.4
-----------------------------------------------------------
(4) Assets newly categorized as problem assets during second half of
fiscal 2001 based on the FRL
As of As of As of
March 31, September 30, March 31, (b)-(a)
2002 2002 (a) 2003 (b)
-------------------------------------------------------------------------------------------
Claims to bankrupt and
substantially bankrupt debtors 63.6 44.4 20.6 (23.7)
-------------------------------------------------------------------------------------------
Claims under high risk 384.0 190.9 103.6 (87.3)
-------------------------------------------------------------------------------------------
Total 447.7 235.3 124.2 (111.0)
-------------------------------------------------------------------------------------------
(G) (H)
Progress in the disposal of problem assets (in billions of yen)
Second half of fiscal 2002
----------------------------------------------------------
Disposition by borrowers' liquidation 1.3
----------------------------------------------------------
Re-constructive disposition 13.8
----------------------------------------------------------
Improvements in financial status due to
re-constructive disposition --
----------------------------------------------------------
Loan sales to secondary market 34.3
----------------------------------------------------------
Charge-off 21.3
----------------------------------------------------------
Other 40.1
----------------------------------------------------------
Collection of claims 35.1
----------------------------------------------------------
Improvements in financial status 4.9
----------------------------------------------------------
Total 111.0 (H)
----------------------------------------------------------
Above (G) includes the following figures which facilitates the final
disposal of problem loans.
(in billions of yen)
Second half of fiscal 2002
----------------------------------------------------
Legal liquidation 4.2
----------------------------------------------------
Quasi-legal liquidation --
----------------------------------------------------
Split-off of problem loans --
----------------------------------------------------
Partial charge-off of
smaller balance loans 11.0
----------------------------------------------------
Entrust through the managed trust
method to the Resolution
and Collection Corporation --
----------------------------------------------------
Total 15.3
----------------------------------------------------
(5) Assets newly categorized as problem assets during first half of
fiscal 2002 based on the FRL
(in billions of yen)
------------------------------------------------------------------------
As of As of
September 30, March 31, (b)-(a)
2002 (a) 2003 (b)
-------------------------------------------------------------
Claims to bankrupt and
substantially bankrupt
debtors 28.9 34.5 5.5
-----------------------------------------------------------
Claims under high
risk 369.4 160.2 (209.2)
-----------------------------------------------------------
Total 398.4 194.7 (203.7)
-----------------------------------------------------------
(I) (J)
Progress in the disposal of problem assets (in
billions of yen)
------------------------------------------------
Second half of fiscal
2002
------------------------------------------------
Disposition by
borrowers' liquidation 4.4
-------------------------------------
Re-constructive
disposition 13.4
-------------------------------------
Improvements in
financial status due
to re-constructive
disposition 9.7
-------------------------------------
Loan sales to secondary
market 42.4
-------------------------------------
Charge-off 19.2
-------------------------------------
Other 114.4
-------------------------------------
Collection of
claims 101.3
Improvements in
financial status 13.0
-------------------------------------
Total 203.7 (J)
-------------------------------------
Above (I) includes the following figures which facilitates the final
disposal of problem loans.
(in billions of yen)
------------------------------------------------
Second half of fiscal
2002
------------------------------------------------
Legal liquidation 24.9
-------------------------------------
Quasi-legal
liquidation --
-------------------------------------
Split-off of problem
loans --
-------------------------------------
Partial charge-off of
smaller balance loans 7.8
-------------------------------------
Entrust through the managed
trust method to the
Resolution and
Collection Corporation --
-------------------------------------
Total 32.7
-------------------------------------
(6) Assets newly categorized as problem assets during second half of
fiscal 2002 based on the FRL
(in billions of yen)
------------------------------------------------
As of March 31, 2003
------------------------------------------------
Claims to bankrupt and
substantially bankrupt
debtors 50.5
-------------------------------------
Claims under high
risk 557.6
-------------------------------------
Total 608.1
-------------------------------------
Historical trend of problem assets (in billions of
yen)
based on the FRL
-----------------------------------------------------------------------------------------------------------------------
As of As of As of As of As of As of
September 30, March 31, September 30, March 31, September 30, March 31,
2000 2001 2001 2002 2002 (a) 2003 (b) (b)-(a)
-----------------------------------------------------------------------------------------------------------------------
Claims to bankrupt
and substantially
bankrupt debtors 513.6 398.6 408.1 419.0 402.1 226.4 (175.6)
------------------------------------------------------------------------------------------------------------------------
Claims under high
risk 1,580.2 2,169.4 2,171.4 1,933.5 1,386.6 1,031.3 (355.2)
------------------------------------------------------------------------------------------------------------------------
Total 2,093.8 2,568.0 2,579.6 2,352.6 1,788.7 1,257.8 (530.9)
------------------------------------------------------------------------------------------------------------------------
7. Classification of Loans by Type
of Industry
(1) Loans by type of industry (Total of the 2 (in
Banks) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-------------------------------------------------------------------------------------------------------------------
Domestic offices
(excluding loans
booked at offshore
markets) 37,416,133 (665,900) 254,558 38,082,034 37,161,574
-------------------------------------------------------------------------------------------------------------------
Manufacturing 5,472,979 (362,420) (205,323) 5,835,399 5,678,302
Agriculture 15,568 (3,022) (990) 18,590 16,558
Forestry 5,425 (330) 41 5,755 5,384
Fishery 25,293 9,869 5,798 15,424 19,495
Mining 39,493 (8,903) (1,650) 48,396 41,143
Construction 1,228,250 (242,446) (115,503) 1,470,696 1,343,753
Utilities 417,297 29,326 44,336 387,971 372,961
Media and Communication 1,496,867 (340,500) (481,541) 1,837,367 1,978,408
Wholesale and Retail 5,091,325 (527,536) (394,076) 5,618,861 5,485,401
Banks and other financial
institutions 3,851,579 (334,040) (362,216) 4,185,619 4,213,795
Real estate 4,464,195 (485,262) (189,092) 4,949,457 4,653,287
Services 4,781,695 234,944 454,997 4,546,751 4,326,698
Municipal government 376,513 121,155 84,175 255,358 292,338
Other industries 10,149,646 1,243,264 1,415,600 8,906,381 8,734,045
-------------------------------------------------------------------------------------------------------------------
Overseas offices
and loans booked
at offshore markets 5,570,426 (1,009,393) (223,921) 6,579,819 5,794,347
-------------------------------------------------------------------------------------------------------------------
Total 42,986,559 (1,675,294) 30,637 44,661,854 42,955,922
-------------------------------------------------------------------------------------------------------------------
(2) Domestic consumer loans (Total of the 2 (in
Banks) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
---------------------------------------------------------------------------------------
Total domestic consumer loans 7,464,720 485,123 211,300 6,979,596 7,253,420
-------------------------------------------------------------------------------------------------------------------
Housing loans 6,941,192 565,187 243,559 6,376,005 6,697,632
-------------------------------------------------------------------------------------------------------------------
Others 523,527 (80,063) (32,259) 603,591 555,787
-------------------------------------------------------------------------------------------------------------------
(3) Domestic loans to small and medium-sized companies (in
(Total of the 2 Banks) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
---------------------------------------------------------------------------------
Domestic loans to small and medium-
sized companies 19,920,352 (1,721,314) (965,336) 21,641,666 20,885,689
-------------------------------------------------------------------------------------------------------------------
Percentage to total domestic loans 53.24% (3.58)% (2.96)% 56.82% 56.20%
-------------------------------------------------------------------------------------------------------------------
(4) Loans by type of industry (in
(Trust accounts) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-------------------------------------------------------------------------------
Domestic offices (excluding loans
booked at offshore markets) 1,107,555 (275,882) (71,418) 1,383,437 1,178,974
-------------------------------------------------------------------------------------------------------------------
Manufacturing 76,795 (26,700) (2,681) 103,495 79,476
Agriculture - - - - -
Forestry 30 (7) (3) 37 33
Fishery 1,572 230 615 1,342 957
Mining 129 (192) (94) 321 223
Construction 7,872 (10,062) (3,965) 17,934 11,837
Utilities 135,204 (42,325) (17,029) 177,529 152,233
Media and Communication 124,560 (47,833) (35,524) 172,393 160,084
Wholesale and Retail 17,190 (7,959) 1,921 25,149 15,269
Banks and other financial
institutions 197,722 135,747 48,835 61,975 148,887
Real estate 77,800 (33,979) (11,361) 111,779 89,161
Services 52,767 (32,308) (15,228) 85,075 67,995
Municipal government 37,773 (3,571) (2,680) 41,344 40,453
Other industries 378,134 (206,922) (34,225) 585,056 412,359
-------------------------------------------------------------------------------------------------------------------
Overseas offices and loans booked
at offshore markets - - - - -
-------------------------------------------------------------------------------------------------------------------
Total 1,107,555 (275,882) (71,418) 1,383,437 1,178,974
-------------------------------------------------------------------------------------------------------------------
(5) Domestic consumer loans (in
(Trust accounts) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
--------------------------------------------------------------------
----------
Total domestic consumer loans 268,405 (48,207) (22,957) 316,612 291,362
-------------------------------------------------------------------------------------------------------------------
Housing loans 265,050 (47,171) (22,474) 312,222 287,524
-------------------------------------------------------------------------------------------------------------------
Others 3,354 (1,035) (482) 4,390 3,837
-------------------------------------------------------------------------------------------------------------------
(6) Domestic loans to small and medium-sized companies (Trust (in
accounts) millions
of yen)
-------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-------------------------------------------------------------------------------
----------
Domestic loans to small and medium-
sized companies 666,401 (117,204) (3,601) 783,605 670,002
-------------------------------------------------------------------------------------------------------------------
Percentage to total domestic loans 60.16% 3.52% 3.33% 56.64% 56.82%
-------------------------------------------------------------------------------------------------------------------
8. Foreign Loans
(1) Loans to specific foreign borrowers (Total of the 2 (in
Banks) millions
of yen
except
number of
countries)
------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
Loan to specific foreign
borrowers 58,241 (73,803) (17,746) 132,045 75,987
------------------------------------------------------------------------------------------------------------------
Number of countries 10 (1) -- 11 10
------------------------------------------------------------------------------------------------------------------
(2) Loans to Asian countries (Total of the (in
2 Banks) millions
of yen)
------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-----------------------------------------------------------------------------------------------------------------
Thailand 213,245 (65,347) (33,580) 278,592 246,826
Indonesia 120,649 (63,181) (24,892) 183,830 145,541
Malaysia 99,975 (20,493) (11,627) 120,469 111,603
Philippines 62,195 (13,980) (3,801) 76,176 65,997
South Korea 158,900 66,375 51,531 92,524 107,368
Singapore 243,173 (71,817) (29,840) 314,991 273,014
Hong Kong 417,910 (49,108) 25,344 467,018 392,566
China 215,024 (31,304) (6,715) 246,329 221,739
Taiwan 39,491 2,945 3,333 36,545 36,157
Others 44,611 (28,616) (10,068) 73,227 54,679
------------------------------------------------------------------------------------------------------------------
Total 1,615,177 (274,527) (40,316) 1,889,705 1,655,494
------------------------------------------------------------------------------------------------------------------
(3) Loans to Latin American countries (Total of the 2 (in
Banks) millions
of yen)
------------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------------------------------------
Argentina 37,271 (47,293) (28,852) 84,564 66,123
Brazil 72,557 (12,914) (12,019) 85,472 84,577
Mexico 103,249 (5,558) (5,721) 108,808 108,970
Caribbean countries 381,575 (83,261) (44,793) 464,836 426,368
Others 126,246 (25,612) 9,495 151,858 116,750
------------------------------------------------------------------------------------------------------------------
Total 720,900 (174,640) (81,890) 895,540 802,790
------------------------------------------------------------------------------------------------------------------
9. Loans and Deposits (Total
of the 2 Banks)
(in millions of yen)
---------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
------------------------------------------------------------------------------------
Deposits (ending
balance) 58,970,786 2,353,101 2,088,709 56,617,684 56,882,076
---------------------------------------------------------------------------------------------------------------
Deposits (average
balance) 57,427,383 3,260,502 809,189 54,166,881 56,618,194
---------------------------------------------------------------------------------------------------------------
Loans (ending
balance) 42,986,559 (1,675,294) 30,637 44,661,854 42,955,922
---------------------------------------------------------------------------------------------------------------
Loans (average
balance) 43,677,521 245,484 290,905 43,432,037 43,386,616
---------------------------------------------------------------------------------------------------------------
10. Domestic Deposits (Total of the 2 Banks)
(in millions of yen)
----------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002
(C)
----------------------------------------------------------------------------------------------------------------
Individuals 32,164,441 2,654,552 1,275,997 29,509,889 30,888,443
Corporations and others 19,903,820 578,541 763,960 19,325,278 19,139,860
---------------------------------------------------------------------------------------------------------------
Domestic deposits 52,068,261 3,233,094 2,039,957 48,835,167 50,028,304
---------------------------------------------------------------------------------------------------------------
Note: Amounts do not include negotiable certificates of deposit, deposits of overseas offices and JOM accounts.
11. Number of Employees (Total of the 2 Banks)
---------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-----------------------------------------------------------------------------------------------------------------
Number of employees 21,367 (894) (936) 22,261 22,303
---------------------------------------------------------------------------------------------------------------
12. Number of Offices (Total
of the 2 Banks)
------------------------------------------------------------------------------------------------------------
As of Increase/ Increase/ As of As of
March 31, (Decrease) (Decrease) March 31, September 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-----------------------------------------------------------------------------
Domestic: 335 (16) (7) 351 342
-----------------------------------------------------------------------------------------------------------
Head office and Branches 309 (12) (5) 321 314
Sub-branches & Agencies 26 (4) (2) 30 28
-----------------------------------------------------------------------------------------------------------
Overseas: 80 (3) (3) 83 83
-----------------------------------------------------------------------------------------------------------
Branches 47 (2) (2) 49 49
Sub-branches 13 (1) (1) 14 14
Representative offices 20 20 20
-----------------------------------------------------------------------------------------------------------
Total 415 (19) (10) 434 425
-----------------------------------------------------------------------------------------------------------
13. Employees' Retirement Benefits
(1) Benefit obligation
(in
millions
of yen)
--------------------------------------------------------------------------------------------------------------
As of
March 31, 2003
--------------------------------------------------------------------------------------------------------------
Projected benefits obligation (A) 1,206,507
Discount rate:
Domestic subsidiaries 1.1% to 1.9%,
Overseas subsidiaries 5.5% to 7.25%
--------------------------------------------------------------------------------------------------------------
Fair value of plan assets (B) 781,429
--------------------------------------------------------------------------------------------------------------
Prepaid pension cost (C) 90,700
--------------------------------------------------------------------------------------------------------------
Reserve for employees' retirement benefits (D) 36,976
--------------------------------------------------------------------------------------------------------------
Total amount unrecognized (A-B+C-D) 478,802
--------------------------------------------------------------------------------------------------------------
Unrecognized net obligation at transition 36,323
--------------------------------------------------------------------------------------------------------------
Unrecognized prior service cost (50,179)
--------------------------------------------------------------------------------------------------------------
Unrecognized net actuarial loss 492,658
--------------------------------------------------------------------------------------------------------------
Note: Discount rate of The Bank of Tokyo-Mitsubishi, Ltd. and The
Mitsubishi Trust and Banking Corporation is 1.9%.
(2) Net periodic pension cost
(in
millions
of yen)
--------------------------------------------------------------------------------------------------------------
For the year ended
March 31, 2003
--------------------------------------------------------------------------------------------------------------
Net periodic cost of the employees' retirement benefits 83,779
--------------------------------------------------------------------------------------------------------------
Service cost 30,433
--------------------------------------------------------------------------------------------------------------
Interest cost 30,413
--------------------------------------------------------------------------------------------------------------
Expected return on plan assets (33,002)
--------------------------------------------------------------------------------------------------------------
Amortization of net obligation at transition 18,154
--------------------------------------------------------------------------------------------------------------
Amortization of prior service cost (2,808)
--------------------------------------------------------------------------------------------------------------
Amortization of net actuarial loss 26,544
--------------------------------------------------------------------------------------------------------------
Other 14,046
--------------------------------------------------------------------------------------------------------------
(MORE TO FOLLOW)
Short Name: Mitsubishi Tokyo Fin
Category Code: FR
Sequence Number: 00005196
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
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