BW20030731002012 20030731T085323Z UTC
( BW)(MITSUBISHI-TOKYO-FIN)(MTF) 1st Quarter Results
Business Editors
UK REGULATORY NEWS
TOKYO--(BUSINESS WIRE)--July 31, 2003--
Mitsubishi Tokyo Financial Group, Inc.
Financial Information for the First Quarter of Fiscal Year 2003
Mitsubishi Tokyo Financial Group, Inc. (MTFG; President:
Shigemitsu Miki) today announced certain financial information for
MTFG and its 100% owned subsidiaries, The Bank of Tokyo-Mitsubishi,
Ltd. (BTM) and The Mitsubishi Trust and Banking Corporation (MTBC) for
the first quarter of the fiscal year ending March 31, 2004. Unless
otherwise noted, all of the disclosed figures are on a
non-consolidated basis, and the figures for MTFG are the sum of those
of BTM and MTBC. All of the disclosed figures are unaudited, and the
scope of the disclosed figures is different from that of the end of
the first half and full year of fiscal 2003 as noted in each section.
Inquiries: Mr. Katsuhiko Ishizuka
Chief Manager, Financial Policy Division
Mitsubishi Tokyo Financial Group, Inc.
Tel. +81-3-3240-8211
1. Bankrupt Credits and credits sold in the first quarter of fiscal year 2003
(unit: billions of Japanese yen)
----------------------------- --------------------------- ---------------------------- ----------------------------
Inc/dec of classified
assets based on the
Book balance before Financial Reconstruction
Number of borrowers Charge-offs *2 Law (FRL) *3
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Bankrupt Credits *1 112 11.0 0.0
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Credits sold to RCC 102 - (13.3)
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Other credits sold 13 - (40.4)
----------------------------- --------------------------- ---------------------------- ----------------------------
-------------------------------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt
(i.e., who have no prospects for continued business
operations because of non-payment, suspension of business,
voluntary liquidation, filing for legal liquidation, etc.)
during the period from April 1, 2003 to June 30, 2003,
credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included
regardless of the location of the borrowers.
*2: Book balance of Bankrupt Credits before deduction of amounts
that should be charged-off as of June 30, 2003.
*3: The numbers do not reflect the results of the
self-assessment of assets as of June 30, 2003, and represent
the decrease in classified assets in accordance with the FRL
of Bankrupt Credits and credits sold for the following
factors only. For Bankrupt Credits, the balance represents
the difference of the amount of credits classified in
accordance with the FRL as of June 30, 2003 after deduction
of amounts that should be charged-off compared to the amount
of the credits classified in accordance with FRL as of March
31, 2003. For credits sold, the balance represents the
amount of the credits sold by June 30, 2003 that were
classified in accordance with FRL as of March 31, 2003.
*4: Number of borrowers, book balance before charge-offs, and
increase in classified assets in accordance with the FRL of
domestic borrowers who became high risk or substantially
bankrupt debtors during the period from April 1, 2003 to
June 30, 2003 are 506 borrowers, 51.7 billion, 26.0
billion, respectively. These numbers include material
credits under high risk or material substantially bankrupt
debtors that do not meet the criteria described hereinabove.
*5: For MTBC, numbers are on banking account and trust account
combined basis. For trust account, numbers include only the
trusts with contracts that MTBC guarantees for repayment of
trust principal amount.
2. Consolidated risk adjusted capital ratio
----------------------------- ----------------------------------- ----------------------------------
At September 30, 2003 At March 31, 2003
(Target) (Actual)
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Total capital Approx. 11.0%-11.5% 10.84%
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Tier1 capital Approx. 6% 5.68%
----------------------------- ----------------------------------- ----------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
-------------------------- ------------------------------ -------------------------------------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ -------------------------------------------------------------
---------- -------- ---------- ---------- --------- ------------------- --------- ----------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
Cost value gain(loss) cost value gain(loss) cost value gain(loss)
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
Domestic equity 3,284.9 3,262.4 (22.5) 4,364.5 3,640.9 (723.6) 3,526.6 3,091.5 (435.1)
securities
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
Japanese government bonds 12,804.6 12,847.8 43.2 10,755.4 10,826.0 70.5 10,489.7 10,591.7 101.9
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
Foreign bonds 7,280.6 7,449.0 168.3 5,902.0 6,032.4 130.3 6,445.2 6,577.0 131.7
-------------------------- ---------- -------- ---------- ---------- --------- ------------------- --------- ----------
------------
Notes:
*1: Costs at June 30, 2003 do not reflect necessary
amortization/accretion of premium/discount and impairment, and
those at December 31, 2002 do not reflect necessary
amortization/accretion of premium/discount and impairment in
the first half of fiscal 2002.
*2: Amounts for BTM on "Foreign bonds" at June 30 2003 and those at December 31, 2002 are those held by all
domestic offices and certain major overseas offices.
(2) Interest related derivatives transactions qualifying for hedge accounting
(unit: billions of Japanese yen)
-------------------------- ------------------------------ ------------------------------- ------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ ------------------------------- ------------------------------
---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
profit loss profit loss profit loss
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
Swaps 600.7 511.8 88.8 603.4 514.6 88.8 669.6 570.5 99.0
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
Futures 89.2 76.4 12.7 84.5 68.6 15.8 58.3 42.4 15.8
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
Options 2.4 0.3 2.1 2.6 1.5 1.1 0.7 0.6 0.1
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
Total 692.3 588.6 103.7 690.6 584.8 105.8 728.7 613.6 115.0
------------------------ -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------
Note: Amounts for BTM at June 30, 2003 and those at December
31, 2002 are derived from amounts booked at all domestic
offices and certain major overseas offices qualifying for
hedge accounting.
4. Domestic deposits, classified by depositor
(unit: billions of Japanese yen)
-------------------------------------------------------- --------------------------- ---------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
-------------------------------------------------------- --------------------------- ---------------------------
-------------------------------------------------------- --------------------------- ---------------------------
Individuals 32,948.6 31,916.3 32,164.4
-------------------------------------------------------- --------------------------- ---------------------------
-------------------------------------------------------- --------------------------- ---------------------------
Corporation and others 20,838.8 19,502.7 19,903.8
-------------------------------------------------------- --------------------------- ---------------------------
-------------------------------------------------------- --------------------------- ---------------------------
Notes:
*1: Excluding negotiable certificates of deposit, deposits of overseas offices, and JOM accounts.
*2: Amounts for BTM at June 30, 2003 and those at December 31, 2002 are based on the numbers before elimination
of temporary inter-office accounts.
(Appendix 1)
The Bank of Tokyo-Mitsubishi, Ltd.
1. Bankrupt Credits and credits sold in the first quarter of fiscal year 2003
(unit: billions of Japanese yen)
----------------------------- --------------------------- ---------------------------- ----------------------------
Inc/dec of classified
assets based on the
Book balance before Financial Reconstruction
Number of borrowers Charge-offs *2 Law (FRL) *3
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Bankrupt Credits *1 107 10.4 0.0
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Credits sold to RCC 101 - (13.3)
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Other credits sold 7 - (36.6)
----------------------------- --------------------------- ---------------------------- ----------------------------
-------------------------------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt
(i.e., who have no prospects for continued business
operations because of non-payment, suspension of business,
voluntary liquidation, filing for legal liquidation, etc.)
during the period from April 1, 2003 to June 30, 2003,
credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included
regardless of the location of the borrowers.
*2: Book balance of Bankrupt Credits before deduction of amounts
that should be charged-off as of June 30, 2003.
*3: The numbers do not reflect the results of the
self-assessment of assets as of June 30, 2003, and represent
the decrease in classified assets in accordance with the FRL
of Bankrupt Credits and credits sold for the following
factors only. For Bankrupt Credits, the balance represents
the difference of the amount of credits classified in
accordance with the FRL as of June 30, 2003 after deduction
of amounts that should be charged-off compared to the amount
of the credits classified in accordance with FRL as of March
31, 2003. For credits sold, the balance represents the
amount of the credits sold by June 30, 2003 that were
classified in accordance with FRL as of March 31, 2003.
*4: Number of borrowers, book balance before charge-offs, and
increase in classified assets in accordance with the FRL of
domestic borrowers who became high risk or substantially
bankrupt debtors during the period from April 1, 2003 to
June 30, 2003 are 498 borrowers, 40.5 billion, 23.8
billion, respectively. These numbers include material
credits under high risk or material substantially bankrupt
debtors that do not meet the criteria described hereinabove.
2. Consolidated risk adjusted capital ratio
----------------------------- ----------------------------------- ----------------------------------
At September 30, 2003 At March 31, 2003
(Target) (Actual)
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Total capital Approx. 11% 10.43%
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Tier1 capital Approx. 5.5%-6.0% 5.34%
----------------------------- ----------------------------------- ----------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
-------------------------- ------------------------------ ------------------------------- ------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ ------------------------------- ------------------------------
---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
cost value gain(loss) cost value gain(loss) cost value gain(loss)
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Domestic equity 2,425.0 2,436.8 11.7 3,142.9 2,678.8 (464.0) 2,605.7 2,315.2 (290.5)
securities
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Japanese government bonds 10,733.2 10,737.9 4.6 8,710.4 8,736.6 26.2 8,375.0 8,423.7 48.6
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Foreign bonds 2,910.5 2,921.6 11.1 2,958.5 2,954.2 (4.2) 2,731.6 2,740.8 9.1
-------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------
Notes:
*1: Costs at June 30, 2003 do not reflect necessary
amortization/accretion of premium/discount and impairment, and
those at December 31, 2002 do not reflect necessary
amortization/accretion of premium/discount and impairment in
the first half of fiscal 2002.
*2: Amounts on "Foreign bonds" at June 30 2003 and those at December 31, 2002 are those held by all domestic
offices and certain major overseas offices.
(2) Interest related derivatives transactions qualifying for hedge accounting
(unit: billions of Japanese yen)
--------------------- ------------------------------ ------------------------------- ------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ ------------------------------- ------------------------------
---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
profit loss profit loss profit loss
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Swaps 313.8 248.8 65.0 262.0 196.4 65.6 356.3 286.5 69.7
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Futures 88.9 76.2 12.7 83.6 67.7 15.9 57.5 41.9 15.6
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Options 2.4 0.0 2.3 2.0 1.5 0.4 0.2 0.3 (0.1)
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Total 405.2 325.1 80.1 347.7 265.6 82.1 414.1 328.8 85.3
--------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------
Note: Amounts at June 30, 2003 and those at December 31, 2002
are derived from amounts booked at all domestic offices
and certain major overseas offices qualifying for hedge
accounting.
4. Domestic deposits, classified by depositor
(unit: billions of Japanese yen)
--------------------------------------------------------- --------------------------- ---------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
--------------------------------------------------------- --------------------------- ---------------------------
--------------------------------------------------------- --------------------------- ---------------------------
Individuals 26,224.6 25,319.8 25,483.1
--------------------------------------------------------- --------------------------- ---------------------------
--------------------------------------------------------- --------------------------- ---------------------------
Corporation and others 17,595.2 16,236.6 16,844.3
--------------------------------------------------------- --------------------------- ---------------------------
--------------------------------------------------------- --------------------------- ---------------------------
Notes:
*1: Excluding negotiable certificates of deposit, deposits of overseas offices, and JOM accounts.
*2: Amounts at June 30, 2003 and those at December 31, 2002 are based on the numbers before elimination of
temporary inter-office accounts.
(Appendix 2)
The Mitsubishi Trust and Banking Corporation
1. Bankrupt Credits and credits sold in the first quarter of fiscal year 2003
(unit: billions of Japanese yen)
----------------------------- --------------------------- ---------------------------- ----------------------------
Inc/dec of classified
assets based on the
Book balance before Financial Reconstruction
Number of borrowers Charge-offs *2 Law (FRL) *3
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Bankrupt Credits *1 6 0.6 (0.0)
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Credits sold to RCC 1 - -
----------------------------- --------------------------- ---------------------------- ----------------------------
----------------------------- --------------------------- ---------------------------- ----------------------------
Other credits sold 6 - (3.7)
----------------------------- --------------------------- ---------------------------- ----------------------------
-------------------------------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt
(i.e., who have no prospects for continued business
operations because of non-payment, suspension of business,
voluntary liquidation, filing for legal liquidation, etc.)
during the period from April 1, 2003 to June 30, 2003,
credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included
regardless of the location of the borrowers.
*2: Book balance of Bankrupt Credits before deduction of amounts
that should be charged-off as of June 30, 2003.
*3: The numbers do not reflect the results of the
self-assessment of assets as of June 30, 2003, and represent
the decrease in classified assets in accordance with the FRL
of Bankrupt Credits and credits sold for the following
factors only. For Bankrupt Credits, the balance represents
the difference of the amount of credits classified in
accordance with the FRL as of June 30, 2003 after deduction
of amounts that should be charged-off compared to the amount
of the credits classified in accordance with FRL as of March
31, 2003. For credits sold, the balance represents the
amount of the credits sold by June 30, 2003 that were
classified in accordance with FRL as of March 31, 2003.
*4: Number of borrowers, book balance before charge-offs, and
increase in classified assets in accordance with the FRL of
domestic borrowers who became high risk or substantially
bankrupt debtors during the period from April 1, 2003 to
June 30, 2003 are 8 borrowers, 11.2 billion, 2.1
billion, respectively. These numbers include material
credits under high risk or material substantially bankrupt
debtors that do not meet the criteria described hereinabove.
*5: Numbers are on banking account and trust account combined
basis. For trust account, numbers include only the trusts
with contracts that MTBC guarantees for repayment of trust
principal amount.
2. Consolidated risk adjusted capital ratio
----------------------------- ----------------------------------- ----------------------------------
At September 30, 2003 At March 31, 2003
(Target) (Actual)
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Total capital Approx. 12.5% 12.00%
----------------------------- ----------------------------------- ----------------------------------
----------------------------- ----------------------------------- ----------------------------------
Tier1 capital Approx. 6.5% 6.66%
----------------------------- ----------------------------------- ----------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
-------------------------- ------------------------------ ------------------------------- ------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ ------------------------------- ------------------------------
---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
cost value gain(loss) cost value gain(loss) cost value gain(loss)
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Domestic equity 859.8 825.5 (34.3) 1,221.6 962.0 (259.6) 920.8 776.2 (144.5)
securities
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Japanese government bonds 2,071.3 2,109.8 38.5 2,045.0 2,089.3 44.3 2,114.7 2,167.9 53.2
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Foreign bonds 4,370.1 4,527.3 157.1 2,943.4 3,078.1 134.6 3,713.6 3,836.1 122.5
------------------------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
------------
Note: Costs at June 30, 2003 do not reflect necessary
amortization/accretion of premium/discount and
impairment, and those at December 31, 2002 do not reflect
necessary amortization/accretion of premium/discount and
impairment in the first half of fiscal 2002.
(2) Interest related derivatives transactions qualifying for hedge accounting
(unit: billions of Japanese yen)
----------- ------------------------------ ------------------------------- ------------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
------------------------------ ------------------------------- ------------------------------
---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
profit loss profit loss profit loss
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Swaps 286.8 262.9 23.8 341.3 318.2 23.1 313.3 284.0 29.3
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Futures 0.2 0.2 0.0 0.8 0.9 (0.0) 0.7 0.5 0.1
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Options - 0.2 (0.2) 0.6 - 0.6 0.5 0.2 0.2
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
Total 287.0 263.4 23.6 342.8 319.1 23.7 314.5 284.8 29.7
----------- ---------- -------- ---------- ---------- --------- ---------- --------- --------- ----------
4. Domestic deposits, classified by depositor
(unit: billions of Japanese yen)
----------------------------- -------------------------- --------------------------- ---------------------------
At June 30, 2003 At December 31, 2002 (Figures for reference)
At March 31, 2003
----------------------------- -------------------------- --------------------------- ---------------------------
----------------------------- -------------------------- --------------------------- ---------------------------
Individuals 6,724.0 6,596.4 6,681.2
----------------------------- -------------------------- --------------------------- ---------------------------
----------------------------- -------------------------- --------------------------- ---------------------------
Corporation and others 3,243.6 3,266.1 3,059.4
----------------------------- -------------------------- --------------------------- ---------------------------
----------
Note: Excluding negotiable certificates of deposit, deposits of overseas offices, and JOM accounts.
Short Name: Mitsubishi Tokyo Fin
Category Code: QRF
Sequence Number: 00007802
Time of Receipt (offset from UTC): 20030731T093119+0100
--30--ZW/uk*
CONTACT: Mitsubishi Tokyo Financial Group Inc
KEYWORD: JAPAN UNITED KINGDOM INTERNATIONAL ASIA PACIFIC EUROPE
INDUSTRY KEYWORD: BANKING
SOURCE: Mitsubishi Tokyo Fin
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