Consolidated Balance Sheets

Transcription

1 JOYO BANK

2 Consolidated Balance Sheets THE JOYO BANK, LTD. and Consolidated Subsidiaries September 30, Assets Cash and Due from Banks Call Loans and Bills Purchased Commercial Paper and Other Debt Purchased Trading Assets Money Held in Trust Securities Reserve for Devaluation of Investment Securities 281,892 72,019 16,519 6,386 2,094,042 (381) 380, ,791 21,734 32,509 33,598 1,523,289 (287) Loans and Bills Discounted Foreign Exchange Other Assets Premises and Equipment Deferred Tax Assets Customers Liabilities for Acceptances and Guarantees Reserve for Possible Loan Losses 4,443,233 2,453 69, ,662 73,161 74,230 (70,460) 4,415,846 2,314 57, ,259 57,402 82,510 (97,017) Total Assets 7,189,844 6,850,849 Liabilities, Minority Interests and Shareholders Equity Liabilities Deposits Call Money and Bills Sold Trading Liabilities Borrowed Money Foreign Exchange Corporate Bonds Due to Trust Account Other Liabilities Reserve for Possible Loan Losses Reserve for Retirement Allowances Reserve for Employee Retirement Benefits Reserve for Possible Losses on Sales of Loans Reserve for Other Contingent Losses Deferred Tax Liabilities for Land Revaluation Acceptances and Guarantees Total Liabilities Minority Interests Shareholders Equity Common Stock Capital Surplus Land Revaluation Reserve, Net of Tax Retained Earnings Net Unrealized Gains on Securities Available for Sale, Net of Taxes Treasury Stock 6,095, , , , ,848 19,756 6,978 5,113 11,309 74,230 6,782,662 2,154 5,958,696 86, , , ,750 19,684 6,491 4,030 11,801 82,510 6,424,161 1, , ,473 26,753 18,276 33,743 1,333,857 4,564,564 3,433 70, ,565 77,080 95,597 6,754,076 5,773, , , , ,938 18,889 4,285 3,507 12,591 95,597 6,374,329 4,303 85,113 85,113 85,113 58,574 58,574 58,574 16,041 16,738 17, , , ,330 25,934 46,938 (172) (73) Parent Company s Stock Held by Subsidiaries (231) (231) (251) Total Shareholders Equity Total Liabilities, Minority Interests and Shareholders Equity 405,027 7,189, ,723 6,850, ,443 6,754,076 1

3 Consolidated Statements of Income and Retained Earnings THE JOYO BANK, LTD. and Consolidated Subsidiaries For the Six Months Ended September 30, Income Interest Income: Interest on Loans and Discounts Interest and Dividends on Securities Other Interest Income Fees and Commissions Trading Revenue Other Operating Income Other Income Total Income Expenses Interest Expenses: Interest on Deposits Interest on Borrowings and Rediscounts Other Interest Expenses Fees and Commissions Trading Expenses Other Operating Expenses General and Administrative Expenses Other Expenses Total Expenses Income before Income Taxes and Minority Interests Income Taxes Current Deferred 2,438 15,382 8,181 (178) (12,096) (4,993) Minority Interests in Net (Loss) Income of Consolidated Subsidiaries (108) (121) (16) Interim Net Income Retained Earnings 4,351 4,412 4,919 Profit Brought Forward from Previous Term Reversal of Land Revaluation Reserve Appropriations: Cash Dividends 47,816 17,860 4,218 9, ,800 16, ,624 7,716 2,521 6,400 2, ,363 38,488 96,120 6, , ,712 17,913 4,606 8, , ,489 9,449 3,612 7,510 2,357 1,338 38,400 59, ,913 7, , ,617 16,631 6,619 8, ,522 20, ,057 10,456 2,897 8,982 2, ,162 39,372 33, ,965 8, , (2,165) (2,186) (2,210) Bonuses to Directors and Corporate Auditors (30) Decrease Due to Exclusion of a Subsidiary (762) Retirement of Treasury Stock (575) (1,252) (1,746) Interim Retained Earnings 219, , ,330 2

4 Consolidated Statements of Cash Flows THE JOYO BANK, LTD. and Consolidated Subsidiaries For the Six Months Ended September 30, Cash Flows from Operating Activities Income before Income Taxes and Minority Interests Depreciation Amortization of Consolidation Differences Net Decrease in Reserve for Possible Loan Losses 6,504 7,793 (5,090) 7,576 7,841 (1,693) 8,091 8,075 6,019 Net Increase in Reserve for Devaluation of Investment Securities Net Increase in Reserve for Possible Losses on Sales of Loans Net Increase in Reserve for Other Contingent Losses Net Decrease in Reserve for Retirement Allowances (18,810) 1,006 2, Net Increase in Reserve for Employee Retirement Benefits (46) 19,684 Interest and Dividend Income (71,632) (73,936) (76,867) Interest Expenses Net Gains Related to Securities Transactions 16,640 (5,277) 20,573 (25,581) 22,337 (9,100) Net Gains on Money Held in Trust (185) Foreign Exchange Losses, Net Losses on Disposal of Premises and Equipment Net Decrease in Trading Assets Net Decrease in Trading Liabilities 9, ,600 (72) 5, ,936 (443) 42, ,765 (675) Net Decrease in Loans and Bills Discounted Net (Decrease) Increase in Deposits 350 (61,960) 21,225 61, ,131 (71,532) Net Increase (Decrease) in Negotiable Certificates of Deposit 4,311 (13,799) Net Increase in Borrowed Money Excluding Subordinated Borrowings Net Decrease (Increase) in Due from Banks Excluding Cash Equivalents 1, ,649 15,263 (66,237) 3,165 Net Decrease (Increase) in Call Loans and Others 37,502 (10,368) 93,269 Net Increase (Decrease) in Call Money and Bills Sold 154,532 (42,781) (14,040) Net Increase (Decrease) in Cash for Collateral on Securities Lending ,847 (25,128) Net Decrease in Foreign Exchange (Assets) Net Decrease in Foreign Exchange (Liabilities) 566 (45) 2,048 (48) 433 (67) Net Increase in Issue and Amortization of Bond Net (Decrease) Increase in Due to Trust Account (1) 15,000 2 Interest and Dividend Received Interest Paid 77,718 (20,959) 71,309 (22,131) 77,645 (23,546) Others, Net (16,929) (21,724) (14,604) Subtotal Income Taxes Paid 363,910 (10,530) 42,874 (7,854) 291,782 (17,645) Net Cash Provided by Operating Activities Cash Flows from Investing Activities 353,379 35, ,137 Purchases of Securities (865,080) (159,391) (493,872) Proceeds from Sales of Securities Proceeds from Redemption of Securities Increase in Money Held in Trust 464,867 47, ,594 31,773 (21,000) 193,096 43,128 (1,743) Decrease in Money Held in Trust Purchases of Premises and Equipment (7,399) 27,500 (5,852) (5,964) Proceeds from Sales of Premises and Equipment Net Cash Used in Investing Activities 588 (359,581) 1,016 (25,360) 1,322 (264,033) Cash Flows from Financing Activities Proceeds from Issuance of Subordinated Debt Repayment of Subordinated Debt 25,000 (15,000) Payment of Cash Dividends (2,165) (2,186) (2,210) Payment of Cash Dividends to Minority Interests (10) Purchases for Retirement of Treasury Stock (701) (1,368) (1,801) Proceeds from Sales of Treasury Stock Net Cash Provided by (Used in) Financing Activities 23 7, (3,516) 42 (3,979) Translation Adjustment for Cash and Cash Equivalents (6) 2 (24) Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Effect of Decrease in Scope of Consolidated Subsidiaries, Net of Cash and Cash Equivalents ,188 6, ,141 6,100 96,934 (0) Cash and Cash Equivalents at End of Year 112, , ,034 3

5 Notes to Consolidated Financial Statements 1. Accompanying consolidated financial statements should be read in conjunction with the financial statements and notes listed in the Annual Report Certain notes found in the Annual report 2001 have been omitted. 2. The Joyo Bank, Ltd. and its consolidated subsidiaries maintain in their accounts and records in accordance with the provisions set forth in the Commercial Code of Japan and the Securities and Exchange Law and in conformity with accounting principles and practices generally accepted and applied in Japan. 3. Japanese yen amounts are rounded down to the nearest million yen. Solely for the convenience of the reader, the U.S. dollar amounts represent a translation of Japanese yen amounts at = US$1, the exchange rate prevailing on September 30, Consolidated Subsidiaries: 9 subsidiaries The accompanying consolidated financial statements includes the accounts of the Bank and following nine significant subsidiaries. The Joyo Lease Co., Ltd. The Joyo Credit Guarantee Co., Ltd. The Joyo Credit Co., Ltd. The Joyo Financial Service Co., Ltd. The Joyo Business Service Co., Ltd. The Joyo Staff Service Co., Ltd. The Joyo Equipment Management Co., Ltd. The Joyo Cash Service Co., Ltd. The Joyo Total Maintenance Co., Ltd. 5. Translation of Foreign Currency The Bank s assets and liabilities denominated in foreign currencies or overseas branches are translated into Japanese yen mainly at the exchange rate prevailing at the balance sheet date. Formerly, the Bank applied the accounting standards for foreign currency transactions in banking industry introduced in 1990, but from this fiscal year, the Bank applies the revised accounting standards for foreign currency translations ( Opinion Concerning Revision of Accounting Standard for Foreign Currency Transactions issued by Business Accounting Deliberation Council on October 22, 1999) with the exception when Temporary Treatment of Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in Banking Industry (JICPA Industry Audit Committee Report No.20) prevails. No assets and liabilities denominated in foreign currencies were held by the consolidated subsidiaries. Five subsidiaries, including The Joyo Computer Services Co., Ltd. have not been consolidated because they are immaterial. 4

6 Non-Consolidated Balance Sheets THE JOYO BANK, LTD. September 30, Assets Cash and Due from Banks Call Loans and Bills Purchased Commercial Paper and Other Debt Purchased Trading Assets Trading Account Securities Money Held in Trust Securities Reserve for Devaluation of Investment Securities 280,130 72,019 16,519 6,386 2,094,276 (291) 379, ,791 21,734 32,509 33,598 1,523,262 (218) Loans and Bills Discounted Foreign Exchange Other Assets Premises and Equipment Deferred Tax Assets Customers Liabilities for Acceptances and Guarantees Reserve for Possible Loan Losses 4,464,719 2,453 57,816 92,808 68,467 74,230 ) 4,428,460 2,314 45,644 96,520 54,374 82,510 ) Total Assets Liabilities and Shareholders Equity Liabilities Deposits Call Money and Bills Sold Trading Liabilities Borrowed Money Foreign Exchange Convertible Bonds Corporate Bonds Other Liabilities Reserve for Possible Loan Losses Reserve for Retirement Allowances Reserve for Employee Retirement Benefits Reserve for Possible Losses on Sales of Loans Reserve for Other Contingent Losses Deferred Tax Liabilities for Land Revaluation Other Reserves Acceptances and Guarantees Land Revaluation Account Total Liabilities Shareholders Equity Common Stock Capital Surplus Legal Reserve Land Revaluation Reserve, Net of Tax Voluntary Reserves Retained Earnings Net Unrealized Gains on Securities Available for Sale, Net of Taxes Total Shareholders Equity Total Liabilities and Shareholders Equity (67,478 7,162,059 6,106, , , ,000 85,799 19,656 6,978 5,113 10,088 74,230 6,756,845 85,113 58,574 55,317 14, ,071 10,894 25, ,213 7,162,059 (94,088 6,817,019 5,967,039 86, , , ,627 19,569 6,491 4,030 10,580 82,510 6,392,163 85,113 58,574 54,381 15, ,394 10,449 46, ,856 6,817, , ,473 26,713 18,276 33,743 1,333,363 4,571,564 3,433 59, ,788 73,646 95,597 6,709,996 5,781, , , , ,941 18,813 4,285 3,507 11,363 95,597 6,334,600 85,113 58,574 51,940 15, ,900 9, ,396 6,709, , ,165 47, ,921 32,000 1,145,755 4,822,866 4,702 36, , ,325 6,874,549 5,764, ,691 1,727 74, , ,502 18,700 3, ,325 31,419 6,579,789 85,113 58,574 49, , ,760 6,874, ,596 89, ,636 25,193 33,000 1,365,270 4,933,914 4,327 45,015 74, ,787 7,253,751 6,118, ,728 1,658 76, ,743 92,783 18,638 1,911 2, ,787 6,892,383 85,113 58,574 48, ,647 7, ,368 7,253, ,209 94,231 39,732 12,021 33,000 1,513,327 4,945,282 5,195 46,487 78, ,817 7,423,331 6,249, ,121 84, ,359 55,469 18,355 4, ,817 7,091,376 68,859 42,149 47, ,647 11, ,955 7,423,331 5

7 Non-Consolidated Statements of Income and Retained Earnings THE JOYO BANK, LTD. For the Six Months Ended September 30, Income Interest Income: Interest on Loans and Discounts Interest and Dividends on Securities Other Interest Income Fees and Commissions Trading Revenue Other Operating Income Other Income Total Income Expenses Interest Expenses: Interest on Deposits Interest on Borrowings and Rediscounts Other Interest Expenses Fees and Commissions Trading Expenses Other Operating Expenses General and Administrative Expenses Other Expenses Total Expenses 47,827 17,857 4,216 7, ,800 8,776 93,288 7,722 2,513 6,195 2, ,248 28,753 50,735 17,905 4,604 7, , ,980 9,453 3,611 7,215 2,646 1,335 38,255 50,205 53,737 16,625 6,621 7, ,522 12,988 99,867 10,466 2,894 8,671 2, ,162 39,299 24,888 86, ,725 91, ,837 Income (Loss) before Income Taxes 6,917 7,255 8,069 (1,215) Income Taxes Current Deferred 2, ,959 (12,121) 7,789 (4,617) Interim Net Income (Loss) 4,355 4,417 4,898 Profit Brought Forward from Previous Term 6,389 5,653 4,434 Reversal of Land Revaluation Reserve 575 1,252 1,746 Reversal of Reserve for Retirement of Treasury Stock Retirement of Treasury Stock (575) (1,252) (1,746) Interim Retained Earnings 10,894 10,449 9,914 59,713 25,306 7,941 7, ,793 13, ,622 17,684 4,662 10,455 2, ,558 41,760 49, (1,817) 2, ,341 31,836 6,495 6, ,098 31, ,932 28,870 3,788 9,098 2, ,535 43,888 42, ,281 11,651 8,500 3,151 4,327 7,478 66,272 35,547 7,371 6,651 1,975 3, ,305 34,974 4,067 9,522 2,261 2,670 44,511 15, ,005 8, ,248 3,398 11,646 6

8 Notes to Non-Consolidated Financial Statements 1. Accompanying non-consolidated financial statements should be read in conjunction with the financial statements and notes listed in the Annual Report Certain notes found in the Annual report 2001 have been omitted. 2. The Joyo Bank, Ltd. maintains in its accounts and records in accordance with the provisions set forth in the Commercial Code of Japan and the Securities and Exchange Law and in conformity with accounting principles and practices generally accepted and applied in Japan. 3. Japanese yen amounts are round down to the nearest million yen. Solely for the convenience of the reader, the U.S. dollar amounts represent a translation of Japanese yen amounts at = US$1, the exchange rate prevailing on September 30, Translation of Foreign Currency The Bank s assets and liabilities denominated in foreign currencies or overseas branches are translated into Japanese yen mainly at the exchange rate prevailing at the balance sheet date. Formerly, the Bank applied the accounting standards for foreign currency transactions in banking industry introduced in 1990, but from this fiscal year, the Bank applies the revised accounting standards for foreign currency translations ( Opinion Concerning Revision of Accounting Standard for Foreign Currency Transactions issued by Business Accounting Deliberation Council on October 22, 1999) with the exception when Temporary Treatment of Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in Banking Industry (JICPA Industry Audit Committee Report No.20) prevails. No assets and liabilities denominated in foreign currencies were held by the consolidated subsidiaries. Bank Data File (As of September 30, 2001) 1. Capital Adequacy Ratio (BIS guidelines) Consolidated Basis Sep Mar Sep Tier I 363, , ,803 Tier II 124, , ,499 (a) Net Unrealized Gains on Securities Available for Sale, after 55% Discount 19,899 35,871 36,034 (b) Land Revaluation Excess, after 55% Discount 12,307 12,422 12,843 (c) Balance of Subordinated Loans (Securities) 60,000 52,000 53,000 Deduction Total Capital 487, , ,202 Total Risk-adjusted Assets 4,008,076 3,920,461 3,925,661 Capital Adequacy Ratio 12.15% 12.40% 12.41% 2. Per Share of Common Stock (Consolidated Basis) Yen For the Six Months Ended September 30, Shareholders Equity per Share Net Income per Share Breakdown of Borrowers Change from September 30, 2001 Ratio Sep Manufacturing 621, % (58,997) Agriculture 10, (3,832) Forestly Fishery 7, (3,320) Mining 18, Construction 272, (40,168) Utilities(Electricity, Gas, Water Supplies) 22, ,046 Transportation and Communication 112, (4,809) Wholesale and Retailing 727, (42,996) Banking and Insurance 186, (22,929) Real Estate 562, (13,527) Service 464, (60,485) Municipalities 396, ,532 Other 1,058, ,271 Total 4,461, % 35,737 Note: Loans through domestic branches. 4. Business Structure of the JOYO BANK Group JOYO BANK Group Banking Business Leasing Business The Joyo Bank, Ltd. 149 Branches including Head Office 31 Sub-branches 6 Agencies 1 Overseas branch (New York) 1 Representative office (Shanghai) One Subsidiary The Joyo Lease Co., Ltd. Other Business 13 Subsidiaries The Joyo Credit Guarantee Co., Ltd. The Joyo Credit Co., Ltd. The Joyo Business Service Co., Ltd. The Joyo Cash Service Co., Ltd. The Joyo Financial Service Co., Ltd. The Joyo Equipment Management Co., Ltd. The Joyo Staff Service Co., Ltd The Joyo Total Maintenance Co., Ltd. 5 other companies 7

9 FINANCIAL SOUNDNESS 1. Risk-Monitored Assets under the Banking Law Consolidated Basis Non-Consolidated Basis September 30, Loans in Bankruptcy and Dishonored Bills 23,245 21,116 39,461 22,826 20,649 38,669 Delinquent Loans 191, , , , , ,643 Loans Past Due with Respect to Interest Payment for a Period of More than Three Month 4,092 3,680 3,663 3,789 3,439 3,152 Restructured Loans 128,919 63, , ,806 62, ,907 Total (a) 347, , , , , ,373 Loans and Bills Discounted (b) 4,443,233 4,415,846 4,564,564 4,464,719 4,428,460 4,571,564 Ratio of Risk Monitored Assets to Total Loans (a)/(b) 7.82% 7.57% 7.05% 7.57% 7.30% 6.78% Portion Covered Balance of Reserve Loans and Bills by Collateral and for Possible Loan Coverage Ratio Coverage Status as of September 30, 2001 (Non-Consolidated) Discounted Guarantees (c) Losses (d) ((c)+(d))/(a) Loans in Bankruptcy and Dishonored Bills 22,826 21, % Delinquent Loans 184, ,267 35, Loans Past Due with Respect to Interest Payment for a Period of More than Three Month 3,789 3, Restructured Loans 126,806 82,555 11, Total 338, ,330 48, % Note: The figures parentheses shows the ratio of amounts in each loan category to total loans (including bills discounted). 2. Problem Assets under the Financial Revitalization Law Non-Consolidated Basis September 30, Bankrupt and Quasi-Bankrupt Assets (a) 80,707 68,163 Doubtful Assets (b) 127, ,116 Substandard Loans (c) 130,595 65,560 Problem Assets (A)=(a)+(b)+(c) 339, ,840 Normal Assets 4,209,477 4,207,346 Coverage (B) 289, ,836 Reserve for Possible Loan Losses 49,086 76,455 Collateral and Guarantees 240, ,381 Overall Coverage Ratio (B)/(A) 85.28% 84.29% 3. Reserve for Possible Loan Losses Consolidated Basis Non-Consolidated Basis September 30, General Reserve 31,922 24,622 28,263 30,398 23,322 25,184 Specific Reserve 38,538 72, ,465 37,079 70, ,547 Country Risk Reserve Reserve for Possible Loan Losses 70,460 97, ,938 67,478 94, ,941 8

10 FINANCIAL SOUNDNESS 4. Classification of Borrowers and Disclosure-Based Assets Self-Assessment Classification of Borrowers Problem Assets under Financial Revitalization Law Risk Monitored Assets under the Banking Law Legally Bankrupt Subsequently Bankrupt Potentially Bankrupt Borrowers Requiring Caution Bankrupt and Quasi-Bankrupt Assets 80,707 Doubtful Assets 127,879 Substandard Loans 130,595 Legally Bankrupt 23,158 Substantially Bankrupt 57,548 Loans in Bankruptcy and Dishonored Bills 22,826 Delinquent Loans 184,590 Loans Past Due with Respect to Interest Payment for More than Three Month 3,789 Restructured Loans 126,806 Normal Borrowers Total 339,182 Total 338,012 Note: Assets covered by each disclosure standards and categorization of each standards are summarized below: Assets Covered by Disclosure Standards Categorization of Disclosure Standards Financial Revitalization Law Banking Law Financial Revitalization Law Banking Law loans, securities lent, foreign exchange, interest receivable, suspense payment, and customers liabilities for acceptance and guarantees loans and bills discounted Categorized by borrower basis, in accordance with self-assessment results. (As an exception, Substandard Loans are categorized on individual loan basis.) Loans to Legally Bankrupt Borrowers, Substantially Bankrupt Borrowers, and Potentially Bankrupt Borrowers are categorized on an individual borrower basis, in accordance with self-assessment results. Loans to Borrowers Required Caution are disclosed on an individual loan basis. 9

11 Segment Information 1. Segment Information by Type of Business Interim Period Ended September 30, 2001 Banking Operation Other Total Elimination Consolidated Ordinary Income Ordinary Income from External Customers 91,675 9, , ,242 Ordinary Income from Internal Transactions 342 3,281 3,623 (3,623) Total 92,017 12, ,866 (3,623) 101,242 Ordinary Expense 86,104 13,405 99,509 (3,657) 95,852 Ordinary Income (Loss), Net 5,913 (556) 5,356 (33) 5,390 Interim Period Ended September 30, 2000 Banking Operation Other Total Elimination Consolidated Ordinary Income Ordinary Income from External Customers 110,798 9,750 12, ,549 Ordinary Income from Internal Transactions 332 3,268 3,601 (3,601) Total 111,131 13, ,150 (3,601) 120,549 Ordinary Expense 98,546 12, ,363 (3,628) 107,734 Ordinary Income (Loss), Net 12, ,787 (27) 12,814 Fiscal Year Ended March 31, 2001 Banking Operation Other Total Elimination Consolidated Ordinary Income Ordinary Income from External Customers 195,926 19, , ,569 Ordinary Income from Internal Transactions 736 6,519 7,255 (7,255) Total 196,663 26, ,825 (7,255) 215,569 Ordinary Expense 176,985 26, ,616 (7,251) 196,365 Ordinary Income (Loss), Net 19,677 (469) 19,208 (4) 19,204 Assets 7,089,302 79,052 7,168,354 (48,647) 7,119,707 Depreciation 3,043 12,737 15,781 (0) 15,780 Capital Espenditures 1,081 12,492 13,574 13,574 Note: Ordinary income represents total income excluding gain on disposal of premises and equipment and collection of claims previously written off. Ordinary expenses represent total expenditures excluding loss on disposal of premises and equipment. 2. Geographic Segment Information Segment information by geographic area has not been disclosed since over 90% of the total consolidated assets of the Bank and consolidated subsidiaries are in Japan. 3. Ordinary Income from Foreign Operations Segment information related to the Bank s foreign operations have not been disclosed since the income generated from foreign operations is considered immaterial to the Bank s total consolidated income. 10

12 Securities Information (Consolidated) 1. Marketable Debt Securities Being Held to Maturity Unrealized Gain Unrealized Gain Unrealized Loss September 30, 2001 Book Value Market Value (Net) (Gross) (Gross) National Government Bonds Municipal Bonds 32,303 36,723 4,419 4,419 Corporate Bonds 4,407 4, Other 31,457 32, Total 68,168 73,630 5,461 5,465 4 Unrealized Gain Unrealized Gain Unrealized Loss September 30, 2000 Book Value Market Value (Net) (Gross) (Gross) National Government Bonds Municipal Bonds 40,078 44,875 4,796 4,796 Corporate Bonds 3,924 3, Other 15,398 15, Total 59,401 64,708 5,307 5, Marketable Available-for-Sale Securities Unrealized Gain Unrealized Gain Unrealized Loss September 30, 2001 Cost Book Value (Net) (Gross) (Gross) Equity Securities 159, ,281 18,178 41,083 22,905 Debt Securities 1,074,177 1,099,315 25,137 26,344 1,207 National Government Bonds 669, ,489 6,003 7,143 1,140 Municipal Bonds 211, ,952 15,683 15,684 0 Corporate Bonds 193, ,873 3,450 3, Other 735, , ,776 3,870 Total 1,968,783 2,013,005 44,221 72,204 27,982 Unrealized Gain Unrealized Gain Unrealized Loss September 30, 2000 Cost Book Value (Net) (Gross) (Gross) Equity Securities 167, ,301 76,476 85,836 9,359 Debt Securities 818, ,563 10,747 12,478 1,730 National Government Bonds 430, ,337 1,336 2, Municipal Bonds 254, ,842 7,462 8, Corporate Bonds 134, ,383 1,948 2, Other 381, ,722 (7,148) 243 7,392 Total 1,368,510 1,448,586 80,076 98,558 18, Major Components and Balance Sheet Amounts of Non-Marketable Securities Book Value Marketable Debt Securities Being Held to Maturity Trust Beneficiary Rights 16,498 21,717 Marketable Available-for-Sale Securities Unlisted Equity Securities 4,655 4,745 Unlisted Foreign Securities 8,374 10,347 11

13 Board of Directors and Corporate Auditors (As of December 1, 2001) Chairman Toranosuke Nishino President Isao Shibuya Senior Managing Directors Shigeru Otaka Shinichi Yamada Yuto Kawahara Managing Directors Noboru Ehashi Kunio Onizawa Teruo Fukuda Yasuhiro Kida Shinichi Inaba Director Itaru Ishikawa Standing Corporate Auditors Takashi Iwakami Kozo Suzuki Corporate Auditors Suguru Kurosawa Tadao Kanazawa Masamitsu Tsurumi Market Business Group and Overseas Office (As of December 1, 2001) Head Office 5-5, Minami-machi 2-chome, Mito, Ibaraki , Japan Phone: Market Business Group Managing Director Shinichi Inaba Markets and Business Administration Division 7-2, Yaesu 2-chome, Chuo-ku, Tokyo , Japan Phone: Telefax: General Manager Yukihiko Watanabe Joint General Manager Sotaro Yamada Councilor Kuniharu Harashima Operations Group (Tokyo) Senior Manager Osato Aizawa Operations Group (Mito) Senior Manager Keno Ochiai Markets Planning Office 7-2, Yaesu 2-chome, Chuo-ku, Tokyo , Japan Phone: Telefax: General Manager Hirohiko Sato International Operations Office 3-3, Shinhara 1-chome, Mito, Ibaraki , Japan Phone: Telefax: Telex: J23278 JOYOBANK JOYOBK Swift: JOYOJPJT General Manager Hisao Terayama Treasury and Securities Division 7-2, Yaesu 2-chome, Chuo-ku, Tokyo , Japan Phone: Telefax: General Manager Kazuo Komuro Deputy General Manager Shigeki Morita Investment Group Senior Manager Hirofumi Watanabe Business Promotion Group Senior Manager Akira Iwato New York Branch 150 East 52nd Street, 6th Floor, New York, N.Y , U.S.A. Phone: Telex: JOYONY Telefax: General Manager Hiroaki Yokochi Deputy General Manager Hideto Kashimura Managers Sentaro Iimura Norihisa Nakamura Yasuhiro Katada Shanghai Representative Office (Business Planning Division) Room 1901, Shanghai International Trade Centre, 2201 Yan An Road (West), Shanghai , P.R. of China Phone: Telefax: Chief Representative Tetsuya Kuroha Deputy Chief Representative Michio Kato 12

14 THE JOYO BANK, LTD. Printed in Japan