BW20030528002025 20030528T113150Z UTC
( BW)(MITSUBISHI-TOKYO-FIN)(MTF) Final Results - Part 4 of 5
Business Editors
UK REGULATORY NEWS
TOKYO--(BUSINESS WIRE)--May 28, 2003--
(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 March (b)-(a)
30, 31,
2002 (a) 2003 (b)
------------------------------------------------------------------------------------
Claims to bankrupt and substantially bankrupt debtors 24.6 19.0 (5.5)
------------------------------------------------------------------------------------
Claims under high risk 279.9 124.2 (155.6)
------------------------------------------------------------------------------------
Total 304.5 143.3 (161.2)
------------------------------------------------------------------------------------
(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 13.2
-------------------------------------------------------------------
Improvements in financial status due
to re-constructive disposition --
-------------------------------------------------------------------
Loan sales to secondary market 40.4
-------------------------------------------------------------------
Charge-off 5.9
-------------------------------------------------------------------
Other 97.1
-------------------------------------------------------------------
Collection of claims 86.7
----------------------------------------------------------------
Improvements in financial status 10.3
-------------------------------------------------------------------
Total 161.2 (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 9.8
-------------------------------------------------------------------
Quasi-legal liquidation --
-------------------------------------------------------------------
Split-off of problem loans --
-------------------------------------------------------------------
Partial charge-off of smaller balance loans 6.9
-------------------------------------------------------------------
Entrust through the managed trust method
to the Resolution and Collection Corporation --
-------------------------------------------------------------------
Total 16.7
-------------------------------------------------------------------
(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 25.1
-------------------------------------------------------------------
Claims under high risk 380.9
-------------------------------------------------------------------
Total 406.1
-------------------------------------------------------------------
Histrical trend of problem assets based on the FRL
(in billions of yen)
----------------------------------------------------------------------------------------------------------------------
As of As of As of As of As of As of
September March September March September March (b)-(a)
30, 31, 30, 31, 30, 31,
2000 2001 2001 2002 2002(a) 2003(b)
----------------------------------------------------------------------------------------------------------------------
Claims to bankrupt and substantially bankrupt debtors 274.3 251.2 276.1 322.3 341.5 136.6 (204.9)
----------------------------------------------------------------------------------------------------------------------
Claims under high risk 1,053.5 1,580.2 1,590.9 1,442.0 985.3 772.0 (213.3)
----------------------------------------------------------------------------------------------------------------------
Total 1,327.8 1,831.4 1,867.0 1,764.4 1,326.9 908.6 (418.2)
----------------------------------------------------------------------------------------------------------------------
7. Classification of Loans by Type of Industry
(1) Loans by type of industry (Non-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 offices (excluding loans booked at
offshore markets) 29,656,931 (194,264) 680,151 29,851,195 28,976,779
--------------------------------------------------------------------------------------------------------------
Manufacturing 4,304,829 (288,853) (181,059) 4,593,682 4,485,888
Agriculture 14,021 (3,105) (1,163) 17,126 15,184
Forestry 5,325 (330) 41 5,655 5,284
Fishery 2,654 (403) (403) 3,057 3,057
Mining 33,449 (7,672) (971) 41,121 34,420
Construction 956,403 (209,055) (93,202) 1,165,458 1,049,605
Utilities 265,547 1,996 19,977 263,551 245,570
Media and Communication 650,340 (567,761) (559,363) 1,218,101 1,209,703
Wholesale and Retail 4,402,155 (378,244) (282,321) 4,780,399 4,684,476
Banks and other financial institutions 1,891,000 (414,681) (216,240) 2,305,681 2,107,240
Real estate 3,431,293 (212,966) (39,150) 3,644,259 3,470,443
Services 4,105,321 476,854 631,741 3,628,467 3,473,580
Municipal government 32,709 2,578 1,042 30,131 31,667
Other industries 9,561,885 1,407,377 1,401,222 8,154,507 8,160,662
--------------------------------------------------------------------------------------------------------------
Overseas offices and loans booked at offshore
markets 5,067,905 (701,716) (118,760) 5,769,622 5,186,665
---------------------------------------------------------------------------------------------------------------
Total 34,724,836 (895,980) 561,391 35,620,817 34,163,445
---------------------------------------------------------------------------------------------------------------
(2) Domestic consumer loans (Non-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)
---------------------------------------------------------------------------------------------------------------
Total domestic consumer loans 7,199,314 459,437 185,029 6,739,877 7,014,285
---------------------------------------------------------------------------------------------------------------
Housing loans 6,693,677 523,964 216,503 6,169,713 6,477,174
---------------------------------------------------------------------------------------------------------------
Others 505,637 (64,527) (31,474) 570,164 537,111
---------------------------------------------------------------------------------------------------------------
(3) Domestic loans to small and medium-sized companies
(Non-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 loans to small and
medium-sized companies 17,200,890 (803,853) (71,785) 18,004,743 17,272,676
-----------------------------------------------------------------------------------------------------------------
Percentage to total domestic loans 57.99% (2.31)% (1.60)% 60.31% 59.60%
-----------------------------------------------------------------------------------------------------------------
8. Loans and Deposits (Non-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)
-----------------------------------------------------------------------------------------------------------------------
Deposits (ending balance) 47,827,174 2,485,120 2,111,520 45,342,053 45,715,654
-----------------------------------------------------------------------------------------------------------------------
Deposits (average balance) 46,254,741 2,922,918 730,712 43,331,822 45,524,028
-----------------------------------------------------------------------------------------------------------------------
Loans (ending balance) 34,724,836 (895,980) 561,391 35,620,817 34,163,445
-----------------------------------------------------------------------------------------------------------------------
Loans (average balance) 34,818,393 460,943 253,258 34,357,449 34,565,134
-----------------------------------------------------------------------------------------------------------------------
9. Domestic Deposits (Non-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)
-----------------------------------------------------------------------------------------------------------------------
Individuals 25,483,181 2,218,763 1,099,211 23,264,417 24,383,970
Corporations and others 16,844,358 844,554 882,143 15,999,804 15,962,215
-----------------------------------------------------------------------------------------------------------------------
Domestic deposits 42,327,540 3,063,318 1,981,354 39,264,221 40,346,185
-----------------------------------------------------------------------------------------------------------------------
Note: Amounts do not include negotiable certificates of deposit, deposits of overseas offices and JOM accounts.
10. Number of Employees (Non-Consolidated)
-----------------------------------------------------------------------------------------------------------------------
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 15,179 (541) (673) 15,720 15,852
-----------------------------------------------------------------------------------------------------------------------
11. Number of Offices (Non-Consolidated)
-----------------------------------------------------------------------------------------------------------------------
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: 282 (14) (5) 296 287
-----------------------------------------------------------------------------------------------------------------------
Head office and Branches 260 (10) (3) 270 263
Sub Branches & Agencies 22 (4) (2) 26 24
-----------------------------------------------------------------------------------------------------------------------
Overseas: 72 (3) (3) 75 75
-----------------------------------------------------------------------------------------------------------------------
Branches 42 (2) (2) 44 44
Sub - branches 13 (1) (1) 14 14
Representative offices 17 17 17
-----------------------------------------------------------------------------------------------------------------------
Total 354 (17) (8) 371 362
-----------------------------------------------------------------------------------------------------------------------
12. Earning Projections for the Fiscal Year Ending
March 31, 2004
(Consolidated) (in billions of yen)
------------------------------------------------------------------------------------
For the year ending For the year ended
March 31, 2004 March 31, 2003
------------------------------------------------------------------------------------
Ordinary income 2,300.0 2,186.1
------------------------------------------------------------------------------------
Ordinary Profit (loss) 300.0 (272.6)
------------------------------------------------------------------------------------
Net income (loss) 155.0 (138.1)
------------------------------------------------------------------------------------
(Non-consolidated) (in billions of yen)
------------------------------------------------------------------------------------
For the year ending For the year ended
March 31, 2004 March 31, 2003
------------------------------------------------------------------------------------
Operating income 1,700.0 1,611.2
------------------------------------------------------------------------------------
Ordinary profit (loss) 185.0 (300.0)
------------------------------------------------------------------------------------
Net income (loss) 115.0 (92.1)
------------------------------------------------------------------------------------
Net business profits before provision
for formula allowance for loan losses 540.0 511.5
------------------------------------------------------------------------------------
Selected Financial Information
under Japanese GAAP
For the Fiscal Year Ended March 31, 2003
The Mitsubishi Trust and Banking Corporation
(Contents)
1 Financial Highlights under Japanese GAAP for the Fiscal Year Ended March 31, 2003
1. Consolidated Balance
Sheets
37
2. Consolidated Statements of
Operations
38
3. Consolidated Statement of Capital Surplus and Retained
Earnings
39
4. Notional principal or contract amount, market value and valuation gains (losses) on
derivatives
40
(Consolidated)
5. Comparison of Statement of Trust Assets and Liabilities(Trust), (Non-Consolidated)
43
6. Financial Results (Consolidated), (Non-Consolidated)
46
7. Average interest rate spread
(Non-Consolidated)
48
8. Valuation Differences on Securities (Consolidated), (Trust)
48
9. Risk-Adjusted Capital Ratio Based on the Standards of the
BIS
49
(Consolidated)
2 Loan Portfolio and Other
1. Risk-Monitored Loans (Consolidated), (Non-Consolidated), (Trust)
50
(Consolidated and Trust), (Non-Consolidated and Trust)
2. Allowance for Loan Losses (Consolidated), (Non-Consolidated), (Trust)
53
3. Coverage Ratio against Risk-Monitored Loans (Consolidated), (Non-Consolidated)
53
4. Disclosed Claims under the Financial Reconstruction Law (the"FRL") (Non-Consolidated),
(Trust)
54
(Non-Consolidated and Trust)
5. Status of Secured Coverage on Disclosed Claims under the FRL (Non-Consolidated), (Trust)
(Non-Consolidated and
Trust)
6. Progress in the Disposal of Problem Assets (Non-Consolidated and Trust)
57
7. Classification of Loans by Type of Industry (Non-Consolidated), (Trust)
(Non-Consolidated and Trust)
8. Loans and Deposits (Non-Consolidated)
63
9. Domestic Deposits (Non-Consolidated)
63
10. Number of Employees
(Non-Consolidated)
63
11. Number of Offices
(Non-Consolidated)
63
12. Earning Projections for the Fiscal Year ending March 31, 2004 (Consolidated), (Non-Consolidated)
64
1 Financial Highlights under Japanese GAAP for the Fiscal Year Ended March 31, 2003
(Japanese GAAP)
1.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 1,333,630 1,023,093 310,536
Call loans and bills bought 256,132 300,000 (43,867)
Receivables under securities borrowing
transactions 1,535,155 - 1,535,155
Commercial paper and other debt purchased 16,418 9,175 7,243
Trading assets 350,573 427,000 (76,426)
Money held in trust 9,675 - 9,675
Investment securities 7,577,895 6,757,663 820,231
Loans and bills discounted 8,287,748 9,081,942 (794,193)
Foreign exchanges 19,228 14,256 4,971
Pledged money for securities borrowing
transactions - 1,580,670 (1,580,670)
Other assets 1,143,264 1,175,019 (31,754)
Premises and equipment 184,212 186,968 (2,756)
Deferred tax assets 353,929 249,468 104,460
Deferred tax assets on land revaluation losses 1,593 4,985 (3,391)
Customers' liabilities for acceptances and
guarantees 410,230 490,893 (80,663)
Allowance for loan losses (281,027) (399,978) 118,950
------------------------------------------------------------------------------------------------------
Total assets 21,198,661 20,901,159 297,501
------------------------------------------------------------------------------------------------------
Liabilities:
Deposits 10,986,946 11,250,776 (263,829)
Negotiable certificates of deposit 1,453,650 1,283,592 170,057
Call money and bills sold 1,125,546 895,608 229,938
Payables under repurchase agreements 333,746 468,757 (135,011)
Payables under securities lending transactions 2,601,972 - 2,601,972
Commercial paper 451,000 460,000 (9,000)
Trading liabilities 125,897 109,665 16,232
Borrowed money 220,247 240,958 (20,711)
Foreign exchanges 20,280 23,359 (3,079)
Bonds and notes 358,600 354,600 4,000
Due to trust account 1,401,617 2,282,224 (880,607)
Pledged money for securities lending
transactions - 1,251,772 (1,251,772)
Other liabilities 1,000,431 1,020,331 (19,900)
Reserve for employees' bonuses 4,418 4,042 376
Reserve for employees' retirement benefits 9,261 13,157 (3,896)
Reserve for losses on real estate-collateralized
loans sold - 342 (342)
Reserve for expenses related to EXPO 2005 Japan 19 - 19
Deferred tax liabilities 51 68 (16)
Deferred tax liabilities on land revaluation
excess 196 190 6
Acceptances and guarantees 410,230 490,893 (80,663)
------------------------------------------------------------------------------------------------------
Total liabilities 20,504,115 20,150,342 353,772
------------------------------------------------------------------------------------------------------
Minority interest 2,951 4,129 (1,178)
------------------------------------------------------------------------------------------------------
Shareholder's equity:
Capital stock 324,279 305,143 19,135
Capital surplus 274,752 255,617 19,135
Retained earnings 102,888 210,676 (107,787)
Land revaluation excess (2,071) (7,700) 5,629
Unrealized gains (losses) on securities
available for sale (3,228) (13,396) 10,167
Foreign currency translation adjustments (5,025) (3,653) (1,371)
------------------------------------------------------------------------------------------------------
Total shareholder's equity 691,594 746,687 (55,092)
------------------------------------------------------------------------------------------------------
Total liabilities, minority interest 21,198,661 20,901,159 297,501
and shareholder's equity
------------------------------------------------------------------------------------------------------
(Japanese GAAP)
2.Consolidated Statements of Operations
----------------------------------------------------------------------------------------------
For the year
ended Increase/
March 31, (Decrease)
(in millions of yen) 2003(A) 2002(B) (A) - (B)
----------------------------------------------------------------------------------------------
Ordinary income:
Trust fees 82,927 96,233 (13,306)
Interest income: 367,962 425,647 (57,684)
(Interest on loans and discounts) 128,412 160,143 (31,730)
(Interest and dividends on
securities) 166,982 168,445 (1,463)
Fees and commissions 54,017 48,661 5,355
Trading profits 3,501 2,303 1,197
Other business income 60,104 32,264 27,839
Other ordinary income 41,098 58,960 (17,862)
----------------------------------------------------------------------------------------------
Total ordinary income 609,611 664,072 (54,461)
----------------------------------------------------------------------------------------------
Ordinary expenses:
Interest expense: 169,362 242,485 (73,123)
(Interest on deposits) 55,466 110,092 (54,625)
Fees and commissions 7,146 6,020 1,125
Trading losses 248 - 248
Other business expenses 54,105 49,794 4,311
General and administrative expenses 179,737 173,610 6,126
Other ordinary expenses 399,574 248,644 150,930
----------------------------------------------------------------------------------------------
Total ordinary expenses 810,175 720,556 89,618
----------------------------------------------------------------------------------------------
Ordinary loss (200,564) (56,484) (144,080)
----------------------------------------------------------------------------------------------
Special gains 12,754 21,450 (8,696)
Special losses 10,412 59,459 (49,047)
----------------------------------------------------------------------------------------------
Loss before income taxes and others (198,221) (94,492) (103,728)
----------------------------------------------------------------------------------------------
Income taxes-current 3,989 3,688 300
Income taxes-refund 3,839 - 3,839
Income taxes-deferred (100,783) (11,072) (89,711)
Minority interest (219) 548 (768)
----------------------------------------------------------------------------------------------
Net loss (97,369) (87,657) (9,711)
----------------------------------------------------------------------------------------------
(Japanese GAAP)
3. Consolidated Statement of Capital Surplus and Retained Earnings
---------------------------------------------------------------------------------------------------
For the year ended
(in millions of yen) March 31, 2003
---------------------------------------------------------------------------------------------------
Balance of capital surplus at beginning of fiscal year 255,617
Increase: 19,135
Issuance of common stock due to capital increase 19,135
--------------------------------------------------------------------------------------
Balance of capital surplus at end of fiscal year 274,752
--------------------------------------------------------------------------------------
Balance of retained earnings at beginning of fiscal year 210,676
Decrease: (107,787)
Net loss (97,369)
Cash dividends (4,683)
Reduction in land revaluation excess (5,551)
Decrease in companies accounted for by the equity method (184)
--------------------------------------------------------------------------------------
Balance of retained earnings at end of fiscal year 102,888
--------------------------------------------------------------------------------------
Consolidated Statement of Retained Earnings
---------------------------------------------------------------------------------------------------
For the year ended
(in millions of yen) March 31, 2002
---------------------------------------------------------------------------------------------------
Balance of retained earnings at beginning of fiscal year 312,190
Increase: 5,657
Increase due to merger 5,271
Increase in companies accounted for by the equity method 385
Decrease: (19,513)
Cash dividends (19,513)
Net loss (87,657)
-------------------------------------------------------------------------------------
Balance of retained earnings at end of fiscal year 210,676
-------------------------------------------------------------------------------------
(Japanese GAAP)
4.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 gains
or contract amount of over 1 year (losses)
-----------------------------------------------------------------------------------------------------------------
Exchange-traded
-----------------------------------------------------------------------------------------------------------------
Futures sell
----------------------------------------------------------------------------------------------
buy 4,741 4,058 38 38
------------------------------------------------------------------------------------------------------------
Options sell
----------------------------------------------------------------------------------------------
buy 2,914 0 (2)
-----------------------------------------------------------------------------------------------------------------
Over-the-counter
-----------------------------------------------------------------------------------------------------------------
Swaps receive-fix/pay-
floater 2,740,596 1,516,029 160,295 160,295
----------------------------------------------------------------------------------------------
receive-
floater/pay-fix 2,728,185 1,525,830 (162,073) (162,073)
----------------------------------------------------------------------------------------------
receive-
floater/pay-
floater 18,330 18,330 (12) (12)
------------------------------------------------------------------------------------------------------------
Caps/Floors sell 162,677 148,431 (258) (232)
----------------------------------------------------------------------------------------------
buy 152,954 136,798 231 191
------------------------------------------------------------------------------------------------------------
Others sell 150,821 23,760 (120) 384
----------------------------------------------------------------------------------------------
Others buy 158,669 27,519 132 (207)
-----------------------------------------------------------------------------------------------------------------
Total (1,767) (1,620)
-----------------------------------------------------------------------------------------------------------------
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 Futures 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 gains
or contract amount of over 1 year (losses)
-----------------------------------------------------------------------------------------------------------------
Over-the-counter
-----------------------------------------------------------------------------------------------------------------
Swaps 119,876 78,163 65 65
-----------------------------------------------------------------------------------------------------------------
Total 65 65
-----------------------------------------------------------------------------------------------------------------
Notes: 1. Valuation gains are recognized in the consolidated statement of operations. Derivatives which qualify
for hedge-accounting and/or which are applicable to notes 3. are not included in the above table.
2. Market values of over-the-counter transactions are based on discounted cash flow method.
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 gains (losses)
amount
------------------------------------------------------------------------------------------------------------
Swaps 2,970,237 (315) (315)
------------------------------------------------------------------------------------------------------------
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:
-----------------------------------------------------------------------------
As of March 31, 2003
-------------------------------------------
Notional principal or contract amount
-----------------------------------------------------------------------------
Over-the-counter
-----------------------------------------------------------------------------
Forward sell
contracts 2,323,309
-----------------------------------------------------------
buy 3,370,153
---------------------------------------------------------------------------
Options sell 66,090
-----------------------------------------------------------
buy 73,378
-----------------------------------------------------------------------------
(Japanese GAAP)
c. Equity-related transactions : N/A
d. Bond-related transactions
(in millions of yen)
------------------------------------------------------------------------------------------------------
As of March 31, 2003
---------------------------------------------------------------------
Notional principal with maturity Market value Valuation gains
or contract amount of over 1 year (losses)
------------------------------------------------------------------------------------------------------
Exchange-traded
------------------------------------------------------------------------------------------------------
Futures sell 13,987 - (32) (32)
----------------------------------------------------------------------------------
buy - - - -
------------------------------------------------------------------------------------------------------
Total (32) (32)
------------------------------------------------------------------------------------------------------
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 : N/A
f. Credit derivatives : N/A
(Japanese GAAP)
Derivatives qualified for hedge-accounting
(in billions of yen)
---------------------------------------------------------------------------------------------------------------------
As of March 31, 2003
------------------------------------------------------------------------------------------
Notional principal or Market value Deferred hedge Deferred hedge loss Deferred hedge
contract amount profit profit and loss
---------------------------------------------------------------------------------------------------------------------
Interest Rate futures 215.4 0.1 0.7 0.5 0.1
---------------------------------------------------------------------------------------------------------------------
Interest Rate Swaps 21,694.0 70.3 313.3 284.0 29.3
---------------------------------------------------------------------------------------------------------------------
Others
(interest rate-related
transactions) 226.2 (0.0) 0.5 0.2 0.2
---------------------------------------------------------------------------------------------------------------------
Others 117.1 (0.9) 0.2 1.2 (1.0)
---------------------------------------------------------------------------------------------------------------------
Total 69.5 314.8 286.1 28.6
---------------------------------------------------------------------------------------------------------------------
Notes: 1. Derivatives which qualify for hedge-accounting are 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 assets/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 year Due after 1 Due after 5 Total
year through 5 years
years
------------------------------------------------------------------------------------------------
Receive-fix/pay-floater 5,135.6 7,908.1 91.5 13,135.3
------------------------------------------------------------------------------------------------
Receive-floater/pay-fix 3,478.3 4,358.8 95.6 7,932.9
------------------------------------------------------------------------------------------------
Receive-floater/pay-
floater 287.0 338.0 0.7 625.7
------------------------------------------------------------------------------------------------
Total 8,901.0 12,605.0 187.9 21,694.0
------------------------------------------------------------------------------------------------
(1) Comparison of Statement of Trust Assets and Liabilities
The Mitsubishi Trust and Banking Corporation
-----------------------------------------------------------------------------------------------------------------------
As of March 31, Increase/
2003 (A) 2002 (B) (Decrease)
(in millions of Yen) (A) - (B)
-----------------------------------------------------------------------------------------------------------------------
Assets:
Loans and bills discounted 1,107,555 1,383,437 (275,882)
Securities 6,659,887 29,585,083 (22,925,196)
Securities held for investment trusts - 3,349,256 (3,349,256)
Foreign investments held for investment trusts - 1,048,300 (1,048,300)
Beneficiary rights 8,988,740 189,162 8,799,578
Securities held in custody accounts 3,205,694 3,431,739 (226,045)
Money claims 2,926,071 2,612,238 313,832
Premises and equipment 1,532,783 967,340 565,442
Lease rights 21,819 21,911 (92)
Other claims 973,227 1,014,480 (41,252)
Bills bought - 13,524 (13,524)
Call loans 294,567 2,279,456 (1,984,889)
Due from banking account 1,401,617 2,282,224 (880,607)
Cash and due from banks 1,484,012 2,043,534 (559,521)
-----------------------------------------------------------------------------------------------------------------------
Total assets 28,595,978 50,221,692 (21,625,713)
-----------------------------------------------------------------------------------------------------------------------
Liabilities:
Money trusts 7,989,136 17,678,364 (9,689,228)
Pension trusts 73,937 7,604,453 (7,530,515)
Property formation benefit trusts 12,174 12,675 (501)
Loan trusts 1,128,339 1,997,536 (869,197)
Investment trusts 8,758,551 5,803,288 2,955,263
Money entrusted other than money trusts 231,072 2,792,466 (2,561,393)
Securities trusts 5,689,577 5,900,215 (210,637)
Money claim trusts 3,040,282 1,900,922 1,139,360
Equipment trusts 225 345 (119)
Land and fixtures trusts 174,931 183,409 (8,478)
Other trusts 1,497,749 6,348,014 (4,850,264)
-----------------------------------------------------------------------------------------------------------------------
Total liabilities 28,595,978 50,221,692 (21,625,713)
-----------------------------------------------------------------------------------------------------------------------
Note:
Joint trust assets under the management of other companies as of March 31, 2003 : 31,929,580 millions of yen
as of March 31, 2002 : 10,133,641 millions of yen
Of the joint trust assets the management of other companies mentioned above Note, the balance at the end of the
business period of fiscal 2002 includes the trust assets of 22,289,006 millions of yen which were entrusted to The
Mitsubishi Trust and Banking Corporation and Master Trust assets of the Service-Shared Co-Trusteeship (here in after
referred to as Trust Assets under Service-Shared Co-Trusteeship). The comparison of statement of trust assets and
liabilities which is obtained by adding up Trust Assets under Service-Shared Co-Trusteeship is given on the next
page.
The Comparison of Statement of Trust Assets and Liabilities which is obtained by adding up Trust Assets under Service-
Shared Co-Trusteeship
-----------------------------------------------------------------------------------------------------------------------
As of March 31, Increase/
2003 (A) 2002 (B) (Decrease)
(in millions of Yen) (A) - (B)
-----------------------------------------------------------------------------------------------------------------------
Assets:
Loans and bills discounted 1,107,555 1,383,437 (275,882)
Securities 26,349,274 29,585,083 (3,235,809)
Securities held for investment trusts - 3,349,256 (3,349,256)
Foreign investments held for investment trusts - 1,048,300 (1,048,300)
Beneficiary rights 9,806,748 189,162 9,617,586
Securities held in custody accounts 3,206,357 3,431,739 (225,382)
Money claims 2,932,873 2,612,238 320,635
Premises and equipment 1,532,783 967,340 565,442
Lease rights 21,819 21,911 (92)
Other claims 1,344,798 1,014,480 330,317
Bills bought - 13,524 (13,524)
Call loans 1,069,204 2,279,456 (1,210,252)
Due from banking account 1,732,451 2,282,224 (549,772)
Cash and due from banks 1,706,589 2,043,534 (336,945)
-----------------------------------------------------------------------------------------------------------------------
Total assets 50,810,455 50,221,692 588,762
-----------------------------------------------------------------------------------------------------------------------
Liabilities:
Money trusts 18,867,760 17,678,364 1,189,396
Pension trusts 7,423,101 7,604,453 (181,351)
Property formation benefit trusts 12,174 12,675 (501)
Loan trusts 1,128,339 1,997,536 (869,197)
Investment trusts 8,758,551 5,803,288 2,955,263
Money entrusted other than money trusts 2,223,773 2,792,466 (568,693)
Securities trusts 5,690,240 5,900,215 (209,974)
Money claim trusts 3,040,282 1,900,922 1,139,360
Equipment trusts 225 345 (119)
Land and fixtures trusts 174,931 183,409 (8,478)
Other trusts 3,491,074 6,348,014 (2,856,940)
-----------------------------------------------------------------------------------------------------------------------
Total liabilities 50,810,455 50,221,692 588,762
-----------------------------------------------------------------------------------------------------------------------
Note:
Service-Shared Co-Trusteeship started at May, 2002, at the end of the business period of fiscal 2001 mentioned The
Mitsubishi Trust and Banking Corporation.
(2) Supplemental Data (As of March 31, 2003)
The component items of trusts with contracts for compensating the principal, including trusts
for which the beneficiary interests are re-entrusted for investing in trust assets, are
presented below.
Money trusts (Jointly operated designated money in trust) (in millions of Yen)
---------------------------------------------------------------------------------------------------
Assets: Liabilities:
Loans and bills discounted 372,091 Principal 850,217
Securities 232,328 Reserve for possible loan losses 1,002
Other 247,242 Other 442
---------------------------------------------------------------------------------------------------
Total 851,663 Total 851,663
---------------------------------------------------------------------------------------------------
Loan trusts
---------------------------------------------------------------------------------------------------
Assets: Liabilities:
Loans and bills discounted 511,409 Principal 1,560,989
Securities 201,780 Special reserve funds 8,425
Other 861,096 Other 4,871
---------------------------------------------------------------------------------------------------
Total 1,574,287 Total 1,574,287
---------------------------------------------------------------------------------------------------
(3) Financial Highlights (Non-Consolidated)
------------------------------------------------------------------------------
As of March 31, Increase/
2003 (A) 2002 (B) (Decrease)
(in millions of Yen) (A) - (B)
------------------------------------------------------------------------------
Total funds 40,028,638 39,851,231 177,406
Deposits 11,143,611 11,275,630 (132,019)
Negotiable certificates of deposit 1,453,650 1,282,570 171,079
Money trusts 18,867,760 17,678,364 1,189,396
Pension trusts 7,423,101 7,604,453 (181,351)
Property formation benefit trusts 12,174 12,675 (501)
Loan trusts 1,128,339 1,997,536 (869,197)
Loans and bills discounted 9,369,278 10,424,475 (1,055,196)
Banking account 8,261,722 9,041,037 (779,314)
Trust account 1,107,555 1,383,437 (275,882)
Investment securities 33,938,480 36,346,517 (2,408,036)
------------------------------------------------------------------------------
Note:
The balance at the end of the business period of fiscal 2002, trust accounts figures adding up
trust assets and liabilities which were entrusted to The Mitsubishi Trust and Banking Corporation
and Master Trust assets of the Service-Shared Co-Trusteeship.
6. Financial Results (The Mitsubishi Trust and Banking Corporation and Consolidated Subsidiaries)
(in millions of yen)
-----------------------------------------------------------------------------------------------------------------
For the year ended Increase/ For the year ended
March 31, (Decrease) March 31,
2003 (A) (A) - (B) 2002 (B)
-----------------------------------------------------------------------------------------------------------------
Gross profits 337,688 30,717 306,971
(Gross ordinary profit before trust accounts charge-offs) (345,824) (19,533) (326,290)
----------------------------------------------------------------------------------------------------------------
Trust fees 82,927 (13,306) 96,233
Credit costs for trust accounts (1) (8,136) 11,183 (19,319)
Net interest income 198,638 15,316 183,322
Net fees and commissions 46,870 4,229 42,640
Net trading profits 3,253 949 2,303
Net other business income 5,998 23,528 (17,529)
Net gains (losses) on debt securities 5,799 25,220 (19,421)
-----------------------------------------------------------------------------------------------------------------
General and administrative expenses 169,297 1,283 168,014
-----------------------------------------------------------------------------------------------------------------
Net business profits before credit costs for trust
accounts 176,526 18,249 158,276
and provision for formula allowance for loan
losses*
-----------------------------------------------------------------------------------------------------------------
Provision for formula allowance for loan losses
(2) (4,478) (16,627) 12,149
-----------------------------------------------------------------------------------------------------------------
Net business profits** 172,869 46,061 126,807
-----------------------------------------------------------------------------------------------------------------
Net non-recurring losses (373,433) (190,141) (183,291)
----------------------------------------------------------------------------------------------------------------
Credit related costs (3) (142,459) 12,425 (154,884)
Losses on loan charge-offs (45,331) 2,273 (47,605)
Provision for specific allowance for loan losses (77,937) 1,100 (79,038)
Losses on sales of loans to the Resolution and
Collection Corporation (2,232) 23 (2,256)
Other credit related costs (16,956) 9,027 (25,984)
Net losses on equity securities (220,253) (200,576) (19,677)
Gains on sales of equity securities 26,534 (25,394) 51,928
Losses on sales of equity securities (151,982) (118,252) (33,730)
Losses on write down of equity securities (94,804) (56,929) (37,875)
Equity in loss of affiliates (1,335) (374) (960)
Other (9,385) (1,615) (7,769)
-----------------------------------------------------------------------------------------------------------------
Ordinary loss (200,564) (144,080) (56,484)
-----------------------------------------------------------------------------------------------------------------
Net special gains 2,342 40,351 (38,008)
-----------------------------------------------------------------------------------------------------------------
Loss before income taxes and others (198,221) (103,728) (94,492)
-----------------------------------------------------------------------------------------------------------------
Income taxes-current 3,989 300 3,688
-----------------------------------------------------------------------------------------------------------------
Income taxes-refund 3,839 3,839 -
-----------------------------------------------------------------------------------------------------------------
Income taxes-deferred (100,783) (89,711) (11,072)
-----------------------------------------------------------------------------------------------------------------
Minority interest (219) (768) 548
-----------------------------------------------------------------------------------------------------------------
Net loss (97,369) (9,711) (87,657)
-----------------------------------------------------------------------------------------------------------------
Notes:
* Net business profit before credit costs for trust accounts and provision for formula allowance for loan
losses
= Consolidated net business profit + credit costs for trust accounts + provision for formula allowance for
loan losses
** Net business profits = Net business profits of The Mitsubishi Trust and Banking Corporation + 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) 146,116 (40,236) 186,353
----------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------
Number of consolidated subsidiaries 30 (1) 31
----------------------------------------------------------------------------------------------------------------
Number of affiliated companies accounted for by the
equity method 13 (2) 15
----------------------------------------------------------------------------------------------------------------
Financial Results (The Mitsubishi Trust and Banking Corporation)
(in millions of yen)
--------------------------------------------------------------------------------------------------------------------
For the year ended Increase/ For the year ended
March 31, (Decrease) March 31,
2003 (A) (A) - (B) 2002 (B)
--------------------------------------------------------------------------------------------------------------------
Gross profits 326,489 29,816 296,672
(Gross ordinary profit before trust accounts charge-offs)* (334,625) (18,633) (315,992)
-------------------------------------------------------------------------------------------------------------------
Trust fees 82,927 (13,306) 96,233
Trust fees before trust accounts charge-offs* 91,063 (24,490) 115,553
Loan trusts and money trusts fees (Jointly operated
designated money trusts before trust accounts charge-offs)* 48,815 (12,673) 61,488
Other trust fees 42,247 (11,817) 54,064
Credit costs for trust accounts** (1) (8,136) 11,183 (19,319)
Losses on loan charge-offs (5,740) 5,473 (11,213)
Losses on real estate-collateralized loans sold to
the CCPC*** (2,010) 5,431 (7,441)
Other losses incurred from sales of loans (385) 279 (664)
Net interest income 194,193 14,703 179,489
Net fees and commissions 38,155 2,491 35,663
Net trading profits 1,699 893 806
Net other business income 9,514 25,034 (15,519)
Net gains (losses) on debt securities 5,799 25,182 (19,383)
--------------------------------------------------------------------------------------------------------------------
General and administrative expenses 156,212 (3,537) 159,750
-------------------------------------------------------------------------------------------------------------------
Personnel expenses 71,059 2,728 68,331
Non-personnel expenses 80,825 (4,609) 85,435
Taxes 4,327 (1,656) 5,983
--------------------------------------------------------------------------------------------------------------------
Net business profits before credit costs for trust
accounts and provision for formula allowance for loan
losses* 178,412 22,170 156,242
Provision for formula allowance for loan losses (2) (3,524) (15,088) 11,563
--------------------------------------------------------------------------------------------------------------------
Net business profits 173,801 48,442 125,358
--------------------------------------------------------------------------------------------------------------------
Net non-recurring losses (378,320) (198,581) (179,739)
-------------------------------------------------------------------------------------------------------------------
Credit related costs (3) (140,276) 10,403 (150,680)
Losses on loan charge-offs (44,582) 2,194 (46,777)
Provision for specific allowance for loan losses (76,731) (973) (75,758)
Losses on real estate-collateralized loans sold to the CCPC*** (193) 2,365 (2,559)
Provision for allowance for loans to specific foreign
borrowers 853 (1,625) 2,479
Other credit related costs (19,622) 8,442 (28,064)
Net losses on equity securities (222,054) (202,405) (19,648)
Gains on sales of equity securities 26,477 (25,480) 51,957
Losses on sales of equity securities (151,898) (118,167) (33,730)
Losses on write down of equity securities (96,633) (58,757) (37,875)
Others (15,989) (6,579) (9,410)
--------------------------------------------------------------------------------------------------------------------
Ordinary loss (204,519) (150,138) (54,380)
--------------------------------------------------------------------------------------------------------------------
Net special gains 6,560 (5,884) 12,444
-------------------------------------------------------------------------------------------------------------------
Net gains (losses) on sale of premises and equipment (1,943) (5,022) 3,078
Gain on loans charged-off 7,754 (8,412) 16,166
Expenses for retirement benefits (5,141) 123 (5,264)
Gains on sales of software 7,065 7,065 -
Net losses on retirement benefits trust foundation (1,174) (1,174) -
--------------------------------------------------------------------------------------------------------------------
Loss before income taxes and others (197,958) (156,022) (41,936)
--------------------------------------------------------------------------------------------------------------------
Income taxes-current 2,121 (4) 2,126
--------------------------------------------------------------------------------------------------------------------
Income taxes refund 3,459 3,459 -
--------------------------------------------------------------------------------------------------------------------
Income taxes-deferred (101,293) (89,921) (11,371)
--------------------------------------------------------------------------------------------------------------------
Net loss (95,327) (62,636) (32,691)
--------------------------------------------------------------------------------------------------------------------
Notes:
* Amounts before credit costs for loans in trusts with contracts for compensating the principal
** Credit costs for loans in trusts with contracts for compensating the principal
***CCPC stands for the Cooperative Credit Purchasing Company, Limited.
Reference
-------------------------------------------------------------------------------------------------------------------
Total credit costs (1)+(2)+(3) 144,888 (36,675) 181,563
-------------------------------------------------------------------------------------------------------------------
7. Average interest rate spread
(Non-Consolidated) (percentage per annum)
-----------------------------------------------------------------------------------------------------------------
For the year ended Increase/
March 31, (Decrease)
------------------------
2003 (A) 2002 (B) (A) - (B)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate on interest-earning assets (a) 1.93 2.53 (0.59)
-----------------------------------------------------------------------------------------------------------------
Average interest rate on Loans and bills discounted 1.42 1.73 (0.31)
--------------------------------------------------------------------------------------------------------------
Average interest rate on Investment securities 2.34 2.52 (0.18)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate on interest-bearing liabilities (b) 0.86 1.46 (0.59)
-----------------------------------------------------------------------------------------------------------------
Average interest rate on Deposits 0.47 0.95 (0.48)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate spread (a)-(b) 1.07 1.06 0.00
-----------------------------------------------------------------------------------------------------------------
Average interest rate spread in domestic business segment: (percentage per annum)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate on interest-earning assets (a) 1.03 1.13 (0.10)
-----------------------------------------------------------------------------------------------------------------
Average interest rate on Loans and bills discounted 1.18 1.21 (0.02)
--------------------------------------------------------------------------------------------------------------
Average interest rate on Investment securities 0.99 1.14 (0.15)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate on interest-bearing liabilities (b) 0.26 0.40 (0.14)
-----------------------------------------------------------------------------------------------------------------
Average interest rate on Deposits 0.19 0.31 (0.11)
-----------------------------------------------------------------------------------------------------------------
Total average interest rate spread (a)-(b) 0.77 0.72 0.04
-----------------------------------------------------------------------------------------------------------------
8. Valuation Differences on Securities
(1) Valuation method of securities
--------------------------------------------------------------------------------------------------
Trading securities Market value (valuation differences are recorded as profits or loses)
--------------------------------------------------------------------------------------------------
Debt securities being Amortized cost
held to maturity
--------------------------------------------------------------------------------------------------
Securities available Market value (valuation differences are included in shareholders' equity,
for sale net of income taxes)
--------------------------------------------------------------------------------------------------
(Reference) Securities in money held in trust
--------------------------------------------------------------------------------------------------
Trading purposes Market value (valuation differences are recorded as profits or loses)
--------------------------------------------------------------------------------------------------
(2) Valuation differences
(Consolidated) (in millions of yen)
---------------------------------------------------------------------------------------
As of March 31, 2003 As of March 31, 2002
---------------------------------------------------------
Valuation differences Valuation differences
---------------------------------------------------------
Gains Losses Gains Losses
--------
(A) (A) - (B) (B)
---------------------------------------------------------------------------------------
Debt securities being held to
maturity 14,019 1,916 14,019 12,102 12,251 148
--------------------------------------------------------------------------------------
Securities available for sale (2,731) 10,222 207,233 209,964 (12,953)215,075 228,028
--------------------------------------------------------------------------------------
Domestic equity securities (143,879)(82,338) 20,982 164,862 (61,540)118,943 180,484
-------------------------------------------------------------------------------------
Domestic bonds 56,711 15,994 56,922 210 40,717 41,607 889
-------------------------------------------------------------------------------------
Other 84,436 76,567 129,328 44,891 7,869 54,524 46,655
--------------------------------------------------------------------------------------
Total 11,288 12,139 221,252 209,964 (850)227,326 228,177
--------------------------------------------------------------------------------------
Domestic equity securities (143,879)(82,338) 20,982 164,862 (61,540)118,943 180,484
-------------------------------------------------------------------------------------
Domestic bonds 68,138 18,548 68,349 210 49,590 50,563 972
-------------------------------------------------------------------------------------
Other 87,029 75,929 131,920 44,891 11,099 57,820 46,720
---------------------------------------------------------------------------------------
(3) 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 Market Value Valuation Gains
at period end
-----------------------------------------------------------------------------------------------------------
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 Market Value Valuation Gains
at period end
-----------------------------------------------------------------------------------------------------------
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
9. Risk-Adjusted Capital Ratio Based on the Standards of the BIS
(in billions 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)
(Preliminary basis)
-----------------------------------------------------------------------------------------------------------------------
(1)Risk-adjusted capital ratio 12.00% 1.17% 0.55% 10.83% 11.44%
(2)Tier ?capital 686.7 (67.1) (43.6) 753.8 730.4
(3)Tier ?capital includable as qualifying capital 556.5 (23.2) (4.7) 579.7 561.2
i)The amount of unrealized gains on investment securities,
includable as qualifying capital (6.3) 6.3
ii)The amount of land revaluation excess includable as
qualifying capital (1.5) 4.0 4.0 (5.6) (5.6)
iii)Subordinated debt 431.0 (12.6) 10.9 443.6 420.0
(4)Deductions from total qualifying capital 5.9 (18.3) 1.4 24.3 4.5
(5)Total qualifying capital (2)+(3)-(4) 1,237.2 (71.9) (49.8) 1,309.2 1,287.1
(6)Risk-adjusted assets 10,307.2 (1,778.0) (934.7) 12,085.2 11,242.0
-----------------------------------------------------------------------------------------------------------------------
2 Loan Portfolio and Other
1. Risk-Monitored Loans
Nonaccrual loansaccruing 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 42,807 8,429 14,158 34,377 28,649
---------------------------------------------------------------------------------------------------------------------
Past due loans 284,864 (220,954) (135,760) 505,818 420,624
---------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 2,314 (2,940) 1,951 5,254 362
past due 3 months or more
---------------------------------------------------------------------------------------------------------------------
Restructured loans 266,948 (75,748) (108,331) 342,696 375,280
---------------------------------------------------------------------------------------------------------------------
Total 596,934 (291,213) (227,982) 888,147 824,916
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
Loans and bills discounted 8,287,748 (794,193) (534,815) 9,081,942 8,822,563
----------------------------------------------------------------------------------------------------------------------
Percentage of total loans and bills discounted
----------------------------------------------------------------------------------------------------------------------
Loans to customers in bankruptcy 0.51% 0.13% 0.19% 0.37% 0.32%
---------------------------------------------------------------------------------------------------------------------
Past due loans 3.43% (2.13)% (1.33)% 5.56% 4.76%
---------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 0.02% (0.02)% 0.02% 0.05% 0.00%
past due 3 months or more
---------------------------------------------------------------------------------------------------------------------
Restructured loans 3.22% (0.55)% (1.03)% 3.77% 4.25%
---------------------------------------------------------------------------------------------------------------------
Total 7.20% (2.57)% (2.14)% 9.77% 9.35%
---------------------------------------------------------------------------------------------------------------------
(Non-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 36,984 7,620 13,208 29,364 23,775
---------------------------------------------------------------------------------------------------------------------
Past due loans 290,861 (215,099) (125,351) 505,961 416,212
---------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 2,314 (2,940) 1,951 5,254 362
past due 3 months or more
---------------------------------------------------------------------------------------------------------------------
Restructured loans 267,259 (74,827) (108,011) 342,086 375,271
---------------------------------------------------------------------------------------------------------------------
Total 597,420 (285,246) (218,202) 882,666 815,622
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
Loans and bills discounted 8,261,722 (779,314) (530,754) 9,041,037 8,792,477
----------------------------------------------------------------------------------------------------------------------
Percentage of total loans and bills discounted
----------------------------------------------------------------------------------------------------------------------
Loans to customers in bankruptcy 0.44% 0.12% 0.17% 0.32% 0.27%
---------------------------------------------------------------------------------------------------------------------
Past due loans 3.52% (2.07)% (1.21)% 5.59% 4.73%
---------------------------------------------------------------------------------------------------------------------
Accruing loans contractually 0.02% (0.03)% 0.02% 0.05% 0.00%
past due 3 months or more
---------------------------------------------------------------------------------------------------------------------
Restructured loans 3.23% (0.54)% (1.03)% 3.78% 4.26%
---------------------------------------------------------------------------------------------------------------------
Total 7.23% (2.53)% (2.04)% 9.76% 9.27%
---------------------------------------------------------------------------------------------------------------------
Tables 111-124
(Trust accounts : Loans in Trusts with Contracts (in
for Compensating the Principal) 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 (9,795) (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
-------------- ---------- ----------- ---------- ----------- ----------
Percentage of total loans
and bills discounted
------------------------- ----------- ---------- ----------- ----------
Loans to
customers in
bankruptcy 0.49% (0.25)% (0.55)% 0.74% 1.04%
-------------- ---------- ----------- ---------- ----------- ----------
Past due loans 0.25% (0.81)% (0.41)% 1.06% 0.66%
-------------- ---------- ----------- ---------- ----------- ----------
Accruing loans
contractually 0.10% 0.00% (0.00)% 0.09% 0.10%
past due 3
months or
more
-------------- ---------- ----------- ---------- ----------- ----------
Restructured
loans 3.80% (0.12)% (0.42)% 3.93% 4.23%
-------------- ---------- ----------- ---------- ----------- ----------
Total 4.65% (1.19)% (1.39)% 5.85% 6.05%
-------------- ---------- ----------- ---------- ----------- ----------
(Banking : Non- (in
Consolidated and Trust millions
Accounts) 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 41,354 3,570 7,449 37,783 33,905
-------------- ---------- ----------- ---------- ----------- ----------
Past due loans 293,082 (224,894) (129,575) 517,977 422,658
-------------- ---------- ----------- ---------- ----------- ----------
Accruing loans
contractually 3,233 (3,120) 1,828 6,354 1,404
past due 3
months or
more
-------------- ---------- ----------- ---------- ----------- ----------
Restructured
loans 300,915 (85,409) (115,389) 386,324 416,304
-------------- ---------- ----------- ---------- ----------- ----------
Total 638,585 (309,854) (235,687) 948,439 874,273
-------------- ---------- ----------- ---------- ----------- ----------
-------------- ---------- ----------- ---------- ----------- ----------
Loans and
bills
discounted 9,145,224 (1,019,482) (616,120) 10,164,706 9,761,345
-------------- ---------- ----------- ---------- ----------- ----------
Percentage of total loans
and bills discounted
------------------------- ----------- ---------- ----------- ----------
Loans to
customers in
bankruptcy 0.45% 0.08% 0.10% 0.37% 0.34%
-------------- ---------- ----------- ---------- ----------- ----------
Past due loans 3.20% (1.89)% (1.12)% 5.09% 4.32%
-------------- ---------- ----------- ---------- ----------- ----------
Accruing loans
contractually 0.03% (0.02)% 0.02% 0.06% 0.01%
past due 3
months or
more
-------------- ---------- ----------- ---------- ----------- ----------
Restructured
loans 3.29% (0.51)% (0.97)% 3.80% 4.26%
-------------- ---------- ----------- ---------- ----------- ----------
Total 6.98% (2.34)% (1.97)% 9.33% 8.95%
-------------- ---------- ----------- ---------- ----------- ----------
(Banking : Consolidated (in
and 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)
-------------- ---------- ----------- ---------- ----------- ----------
Loans to
customers in
bankruptcy 47,176 4,379 8,398 42,796 38,778
-------------- ---------- ----------- ---------- ----------- ----------
Past due loans 287,085 (230,749) (139,984) 517,834 427,070
-------------- ---------- ----------- ---------- ----------- ----------
Accruing loans
contractually 3,233 (3,120) 1,828 6,354 1,404
past due 3
months or
more
-------------- ---------- ----------- ---------- ----------- ----------
Restructured
loans 300,603 (86,330) (115,709) 386,934 416,313
-------------- ---------- ----------- ---------- ----------- ----------
Total 638,099 (315,821) (245,467) 953,920 883,566
-------------- ---------- ----------- ---------- ----------- ----------
-------------- ---------- ----------- ---------- ----------- ----------
Loans and
bills
discounted 9,171,249 (1,034,362) (620,181) 10,205,611 9,791,431
-------------- ---------- ----------- ---------- ----------- ----------
Percentage of total loans
and bills discounted
------------------------- ----------- ---------- ----------- ----------
Loans to
customers in
bankruptcy 0.51% 0.09% 0.11% 0.41% 0.39%
-------------- ---------- ----------- ---------- ----------- ----------
Past due loans 3.13% (1.94)% (1.23)% 5.07% 4.36%
-------------- ---------- ----------- ---------- ----------- ----------
Accruing loans
contractually 0.03% (0.02)% 0.02% 0.06% 0.01%
past due 3
months or
more
-------------- ---------- ----------- ---------- ----------- ----------
Restructured
loans 3.27% (0.51)% (0.97)% 3.79% 4.25%
-------------- ---------- ----------- ---------- ----------- ----------
Total 6.95% (2.38)% (2.06)% 9.34% 9.02%
-------------- ---------- ----------- ---------- ----------- ----------
Classification of risk-
monitored Loans
Classification by
geographic area
[Banking : Consolidated and (in
Trust Accounts] millions
of yen)
----------------------------- ---------- ---------- -------- ---------
As of Increase/ Increase/ As of As of
March (Decrease) (Decrease) March September
31, 31, 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-------------------- -------- ---------- ---------- -------- ---------
Domestic* 568,137 (359,543) (261,878) 927,681 830,015
-------------------- -------- ---------- ---------- -------- ---------
Overseas* 69,961 43,722 16,410 26,239 53,551
-------------------- -------- ---------- ---------- -------- ---------
Asia 9,956 (867) (2,467) 10,823 12,423
--------- -------- ---------- ---------- -------- ---------
Indonesia 1,916 (4,034) (4,516) 5,951 6,433
Thailand 2,716 27 (525) 2,688 3,241
Hong Kong 3,474 3,371 3,474 103 -
Other 1,848 (231) (900) 2,080 2,748
------------- -------- ---------- ---------- -------- ---------
United States
of America 36,931 24,493 11,694 12,437 25,236
Other 23,074 20,096 7,183 2,978 15,890
-------------------- -------- ---------- ---------- -------- ---------
Total 638,099 (315,821) (245,467) 953,920 883,566
-------------------- -------- ---------- ---------- -------- ---------
Note:* "Domestic" and "Overseas" are
classified by domicile of
borrowers.
Classification by type of
industry of borrowers
[Banking : Consolidated and (in
Trust Accounts] millions
of yen)
----------------------------- ---------- ---------- -------- ---------
As of Increase/ Increase/ As of As of
March (Decrease) (Decrease) March September
31, 31, 30,
2003 (A) (A) - (B) (A) - (C) 2002 (B) 2002 (C)
-------------------- -------- ---------- ---------- -------- ---------
Domestic* 568,137 (359,543) (261,878) 927,681 830,015
-------------------- -------- ---------- ---------- -------- ---------
Manufacturing 104,842 13,013 (4,011) 91,828 108,854
Construction 140,157 (19,715) (13,138) 159,872 153,295
Wholesale and
Retail 78,774 28,436 5,382 50,337 73,391
Banks and
other
financial
institutions 7,855 (16,737) (16,440) 24,592 24,295
Real estate 86,094 (311,952) (202,897) 398,047 288,991
Services 77,774 (47,100) (27,662) 124,874 105,436
Other
industries 51,288 360 (887) 50,927 52,175
Consumer 21,351 (5,848) (2,223) 27,200 23,575
-------------------- -------- ---------- ---------- -------- ---------
Overseas* 69,961 43,722 16,410 26,239 53,551
-------------------- -------- ---------- ---------- -------- ---------
Banks and
other
financial
institutions - (5,461) - 5,461 -
Commercial
and
industrial 55,602 35,116 47,178 20,485 8,423
Other 14,359 14,067 (30,767) 292 45,127
-------------------- -------- ---------- ---------- -------- ---------
Total 638,099 (315,821) (245,467) 953,920 883,566
-------------------- -------- ---------- ---------- -------- ---------
Note:* "Domestic" and "Overseas" are
classified by domicile of
borrowers.
(MORE TO FOLLOW)
Short Name: Mitsubishi Tokyo Fin
Category Code: FR
Sequence Number: 00005198
Time of Receipt (offset from UTC): 20030526T085822+0100
--30--sm/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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