Selected Financial Information under Japanese GAAP. For the Fiscal Year Ended March 31,2002. The Mitsubishi Trust and Banking Corporation

Transcription

1 Selected Financial Information under Japanese GAAP For the Fiscal Year Ended March 31,2002 The Mitsubishi Trust and Banking Corporation

2 The Mitsubishi Trust and Banking Corporation 1 Performance for the Year ended March 31, 2002 (April 1, 2001 to March 31, 2002) (1) Financial Result (Nonconsolidated) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Gross Ordinary Profit 296,672 26, ,266 (Gross Ordinary Profit before Trust Account Write-Offs) (Note 1) 315,992 8, ,641 Trust Fees 96,233 17,854 78,379 Trust Fees before Trust Account Write-Offs (Note 1) 115,553 (200) 115,753 Loan Trusts and Money Trusts Fees(Jointly Operated Designated Money Trusts before Trust Account Write-Offs) (Note 1) 61,488 (4,700) 66,189 Other Trust Fees 54,064 4,500 49,564 1.Credit Costs for Trust Account (Note 2) (19,319) 18,054 (37,374) Loan Losses Written-off (11,213) 6,939 (18,153) Loss on Sale to CCPC (7,441) 10,320 (17,762) Other Losses Incurred from Sales of Loans (664) 794 (1,458) Interest Income 179,489 29, ,171 Fees and Commissions 35,663 3,652 32,010 Trading Profit 806 (3,145) 3,951 Other Ordinary Profit (15,519) (21,272) 5,752 Gains (Losses) on bonds (19,383) (17,189) (2,193) General and Administrative Expenses Personnel Cost 159,750 15, ,565 68,331 5,443 62,887 85,435 9,725 75,709 5, ,968 Equipment and Occupancy Expenses Income Taxes Net Business Profit before Trust Account Write-Offs (before Transfer to General Reserve) 156,242 (6,833) 163, Transfer to General Reserve 11,563 (33,859) 45,423 Net Business Profit 125,358 45,080 80,278 Other Income (Loss) (179,739) (111,088) (68,651) 3. Credit Costs for Banking Account (150,680) (57,018) (93,662) Loan Losses Written-off (46,777) (16,719) (30,058) Transfer to Specific Reserves (75,758) (18,269) (57,488) Loss on Sale of Loans to CCPC (2,559) (1,406) (1,152) Other Losses Incurred from Sales of Loans (28,064) (22,557) (5,507) Transfer to Reserve for Losses on Real Estate-Collateralized Loans Sold Transfer to Reserve for Account for Specified Overseas Debt 2,479 1, Gains (Losses) on Sales and Devaluation of Stocks and Others (19,648) (51,713) 32,064 Gains (Losses) on Sales 18,226 (28,606) 46,833 Loss on Devaluation (37,875) (23,106) (14,769) Others (9,410) (2,357) (7,053) Ordinary Profits (54,380) (66,007) 11,627 Special Gains (Losses) 12,444 (2,246) 14,691 Recovery of Loans Written-off 16,166 4,803 11,363 Gains (Losses) on Disposition of Premises and Equipment 3,078 2, Expenses for Retirement Benefits (5,264) (2,095) (3,168) Expenses Related to the Merger (2,040) (2,040) - Income (Loss) before Income Taxes (41,936) (68,254) 26,318 Income Taxes - Current 2, ,367 Income Tax Refund - 12,649 (12,649) Income Taxes - Deferred (11,371) (30,552) 19,180 Net Income (32,691) (51,111) 18,420 Total credit costs (1+2+3) 181,563 5, ,459 Notes 1 Amounts before credit costs for loans in trusts with contracts for compensating the principal 2 Credit costs for loans in trusts with contracts for compensating the principal 1

3 Financial Result (Consolidated) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Consolidated Gross Ordinary Profit 306,971 32, ,200 (Gross Ordinary Profit before Trust Account Write-Offs) 326,290 14, ,574 Trust Fees 96,233 17,854 78, Credit Costs for Trust Account (19,319) 18,054 (37,374) Interest Income 183,322 30, ,444 Fees and Commissions 42,640 4,347 38,293 Trading Profit 2,303 (2,819) 5,122 Other Ordinary Profit (17,529) (17,490) (39) General and Administrative Expenses 168,014 17, ,893 Consolidated Net Business Profit before Trust Account Write-Offs (before Transfer to General Reserve) (Note 1) 158,276 (2,404) 160, Transfer to General Reserve 12,149 (33,282) 45,431 Consolidated Net Business Profit(Note2) 126,807 48,932 77,874 Other Income (Loss) (183,291) (114,749) (68,542) 3. Credit Costs for Banking Account (154,884) (59,668) (95,215) Loan Losses Written-off (47,605) (17,184) (30,420) Transfer to Specific Reserves (79,038) (20,358) (58,680) Loss on Sale of Loans to CCPC (2,559) (1,406) (1,152) Other Losses Incurred from Sales of Loans (28,161) (22,653) (5,507) Transfer to Reserve for Losses on Real Estate-Collaterized Loans Sold Transfer to Reserve for Account for Specified Overseas Debt 2,479 1, Gains (Losses) on Sales and Devaluation of Stocks and Others (19,677) (52,223) 32,546 Gains (Losses) in Equity Method (960) (794) (165) Others (7,769) (2,062) (5,707) Ordinary Profit (Loss) (56,484) (65,816) 9,332 Special Gains (Losses) Income (Loss) before Income Taxes Income Taxes - Current Income Tax Refund Income Taxes - Deferred Minority Interests in Net Income Net Income (38,008) (52,891) 14,882 (94,492) (118,707) 24,214 3,688 (368) 4,057-12,649 (12,649) (11,072) (29,704) 18, (224) (87,657) (102,057) 14,399 Total credit costs (1+2+3) 186,353 8, ,022 Notes 1 2 Consolidated Net Business Profit (before Trust Account Write-off and Transfer to General Reserve) =Consolidated Net Business Profit + Credit Costs for Trust Account +Transfer to General Reserve Consolidated Net Business Profit = Nonconsolidated Net Business Profit+Gross Ordinary Profit of Subsidiaries-General and Administrative Expenses of Subsidiaries-Tranfer to General Reserve of Subsidiaries-Internal Transactions Consolidated Subsidiaries and Affiliates ( Number of Companies ) March 31, 2002 March 31,2001 (A) Change(A-B) (B) Number of Consolidated Subsidiaries Number of Subsidiaries and Affiliates Applied for Equity Method

4 2.Net Business Profits (Nonconsolidated) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) (1) Net Business Profit before Trust Account write-offs (before transfer to general reserve) (Note 2) 156,242 (6,833) 163,075 Per Employee (Thousands of Yen) 25,239 (2,785) 28,024 (2) Net Business Profits 125,358 45,080 80,278 Per Employee (Thousands of Yen) 20,250 6,454 13,795 Notes: 1."Per Employee" is calculated by using average number of employees during the term. 2. Net Business Profits + Credit Costs for Trust Account + Transfer to General Reserve 3.Profit Margin (Nonconsolidated) (Total) ( %) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Interest-Earning Assets (I) Interest-Bearing Liabilities (II) Margin (I) - (II) (Domestic) ( %) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Interest-Earning Assets (I) Interest-Bearing Liabilities (II) Margin (I)-(II) The Mitsubishi Trust and Banking Corporation 4.Gains (Losses) on Securities (Nonconsolidated) (Total) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Gains (Losses) on Debt Securities (19,383) (17,189) (2,193) Gains on Sales 27, ,189 Gains on Redemption Losses on Sales 35,226 13,642 21,583 Losses on Redemption 8,418 1,666 6,752 Write down 2,750 2, (Domestic) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Gains (Losses) on Debt Securities (4,933) 3,214 (8,148) Gains on Sales 10,054 (852) 10,906 Gains on Redemption Losses on Sales 6,311 (5,966) 12,278 Losses on Redemption 8,418 1,666 6,752 Write down (Total) (Millions of Yen) March 31, 2002 March 31, 2001 (A) Change (A-B) (B) Gains (Losses) on Equity Securities (19,648) (51,713) 32,064 Gains on Sales 51,957 (14,189) 66,147 Losses on Sales 33,730 14,417 19,313 Write down 37,875 23,106 14,769 3

5 5. Unrealized Gains (Losses) on Securities (1) Evaluation Standard for Securities Securities held for trading purposes Marketable Debt securities being held to maturity Other Securities Stocks of subsidiaries and affiliates The Mitsubishi Trust and Banking Corporation Market price method (Unrealized gains (losses) are calculated as profit (loss) account) Amortized cost using the moving-average cost method Market price method (Unrealized gains (losses) are reported in shareholder's equity) Cost method (2) Valuatin Gains (Losses) (Nonconsolidated) Valuation Gains (Losses) March 31, 2002 (Millions of Yen) March 31,2001 Valuation Gains (Losses) Held to Maturity Equity in subsidiaries and affiliates (A) Change (A-B) Valuation Gains Valuation Losses (B) Valuation Gains Valuation Losses 12,008 (2,262) 12, ,270 14, Other Securities (13,448) (197,814) 214, , , , ,441 Stock (62,108) (139,902) 118, ,484 77, , ,215 Bond 40,715 (13,826) 41, ,542 55,568 1,026 Others 7,944 (44,084) 54,519 46,574 52,029 73,228 21,199 Total (1,440) (200,076) 226, , , , ,442 Stock (62,108) (139,902) 118, ,484 77, , ,215 Bond 49,588 (16,158) 50, ,746 66,774 1,028 Others 11,080 (44,015) 57,655 46,574 55,096 76,295 21,199 Notes: 1. The information presented above includes negotiable certificates of deposit in Cash and Due from Banks, and commodities investment beneficiary rights in Commercial Paper and Other Debt Purchased, in addition to Investment Securities. 2. Other Securities is stated at fair value, and the table above thus presents the differences between balance sheet amounts and acquisition costs for the fiscal year. 3. The valuation gains (losses) noted above are based on the market value at the end of the fiscal year. 4. Valuation losses (net) of other securities at March 31,2002 amounted to (13,448) million. (Consolidated) Valuation Gains (Losses) March 31, 2002 (Millions of Yen) March 31,2001 Valuation Gains (Losses) (A) Change (A-B) Valuation Gains Valuation Losses (B) Valuation Gains Valuation Losses Held to Maturity 12,102 (2,214) 12, ,317 14, Other Securities (12,953) (197,819) 215, , , , ,480 Stock (61,540) (139,904) 118, ,484 78, , ,215 Bond 40,717 (13,827) 41, ,545 55,571 1,026 Others 7,869 (44,087) 54,524 46,655 51,957 73,195 21,238 Total (850) (200,034) 227, , , , ,496 Stock (61,540) (139,904) 118, ,484 78, , ,215 Bond 49,590 (16,159) 50, ,749 66,777 1,028 Others 11,099 (43,970) 57,820 46,720 55,070 76,323 21,252 Notes: 1. The information presented above includes negotiable certificates of deposit in Cash and Due from Banks, and commodities investment beneficiary rights in Commercial Paper and Other Debt Purchased, in addition to Investment Securities. 2. Other Securities is stated at fair value, and the table above thus presents the differences between balance sheet amounts and acquisition costs for the fiscal year. 3. The valuation gains (losses) noted above are based on the market value at the end of the fiscal year. 4. Valuation losses (net) of other securities at March 31,2002 amounted to (13,396) million. 4

6 Market Value Information for Securities in Trusts with Contracts for Compensating the Principal. (1) Money Trusts (jointly operated designated money in trust) A. Market Value of Securities (Millions of Yen) Trust Assets at the Fiscal Year End Market Value Valuation Gains (Losses) March 31, , ,177 2,654 Note: A fair value is given where a fair value can be calculated for a market-value equivalent. B. Valuation Gains (Losses) of Derivative Transaction: 1,451 million (2) Loan Trusts A. Market value of Securities (Millions of Yen) Trust Assets at the Fiscal Year End Market Value Valuation Gains (Losses) March 31, , ,783 14,142 Note: A fair value is given where a fair value can be calculated for a market-value equivalent. B. Valuation Gains (Losses) of Derivative Transaction: 13,644 million 5

7 6. The risk-adjusted capital ratio based on the standard of thebis (Consolidated) (100 Millions of Yen) March 31, 2002(A) March 31, 2001 (Preliminary Value) Change (A-B) (B) (1) Risk-adjusted capital ratio (%) 10.83% -1.22% 12.06% (2) Tier I 7,538 (872) 8,410 (3) Tier II 5,797 (724) 6,521 (a) Unrealized Gain on Securities Available for Sale Qualifying as Capital - (831) 831 (b) Revaluated Amount Qualifying as Capital (56) (56) - (c) Subordinated Debt Qualifying as Capital 4, ,426 (4) Deduction (Intentional holdings of other financial institutions' capital raising instruments etc. ) (5) Total Capital (2)+(3)-(4) 13,092 (1,619) 14,711 (6) Risk-Adjusted Assets 120,852 (1,114) 121, ROE (Nonconsolidated) ( %) March 31, 2002(A) March 31, 2001 Change (A-B) (B) Net Business Profit before Trust Account write-offs Basis (before transfer to general reserve) Net Business Profits Basis Net Income Basis (Calculation Method) (Net Business Profit before Trust Account Write-offs ( Net Business Profits, Net Income ) -Total Dividends for Preferred Shares) { ( Shareholder's Equity at the Beginning of Year-Issued Shares of Preferred Shares at the Beginning of The Year Issue Price )+ ( Shareholder's Equity at the Fiscal Year End-Issued Shares of Preferred Shares at the Fiscal Year End Issue Price) } /

8 II Loans The Mitsubishi Trust and Banking Corporation The figure in March 31, 2001 and Sept. 30, 2001 are calcurated by the total of The Mitsubishi Trust and Banking Corporation and Nippon Trust Bank, Limited. 1. Risk Monitored Loans (Nonaccrual loans, accruing loans contractually past due three months or more and restructured loans) (1) (Banking Account :Nonconsolidated) ( Millions of Yen ) Risk-Monitored Loans March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Loans to customers in bankruptcy Past- due loans Accruing loans contractually past due three months or more Restructured Loans Total 29,364 (32,255) (17,911) 61,620 47, ,961 (108,078) (98,981) 614, ,942 5,254 1,788 4,450 3, ,086 32,470 7, , , ,666 (106,074) (104,748) 988, ,415 Loans at Year-End 9,041,037 (503,238) (347,674) 9,544,276 9,388,712 Percentage of Total Loans and Bills Discounted Loans to customers in bankruptcy Past- due loans Accruing loans contractually past due three months or more Restructured Loans Total 0.32% -0.32% -0.17% 0.64% 0.50% 5.59% -0.83% -0.84% 6.43% 6.44% 0.05% 0.02% 0.04% 0.03% 0.00% 3.78% 0.53% 0.22% 3.24% 3.56% 9.76% -0.59% -0.75% 10.35% 10.51% ( Banking Account :Consolidated ) ( Millions of Yen ) Risk-Monitored Loans March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Loans to customers in bankruptcy 34,377 (28,423) (17,858) 62,801 52,236 Past- due loans 505,818 (105,588) (98,839) 611, ,658 Accruing loans contractually past due three months or more 5,254 1,762 4,435 3, Restructured Loans 342,696 33,080 7, , ,722 Total 888,147 (99,168) (104,288) 987, ,436 Loans at Year-End 9,081,942 (499,299) (341,223) 9,581,241 9,423,165 Percentage of Total Loans and Bills Discounted Loans to customers in bankruptcy 0.37% -0.27% -0.17% 0.65% 0.55% Past- due loans 5.56% -0.81% -0.84% 6.38% 6.41% Accruing loans contractually past due three months or more 0.05% 0.02% 0.04% 0.03% 0.00% Restructured Loans 3.77% 0.54% 0.22% 3.23% 3.55% Total 9.77% -0.52% -0.75% 10.30% 10.53% 7

9 (2) ( Trust Account : Loans in Trusts with Contracts for Compensating the Principal ) (Millions of Yen) Risk-Monitored Loans March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Loans to customers in bankruptcy 8,419 (2,545) ,964 7,589 Past- due loans 12,016 (10,367) (6,254) 22,383 18,270 Accruing loans contractually past due three months or more 1,100 (661) 25 1,761 1,074 Restructured Loans 44,237 4,275 (646) 39,962 44,884 Total 65,773 (9,299) (6,045) 75,072 71,818 Loans at Year-End 1,123,669 (129,953) 34,990 1,253,623 1,088,679 Percentage of Total Loans and Bills Discounted Loans to customers in bankruptcy Past- due loans Accruing loans contractually past due three months or more Restructured Loans Total 0.74% -0.12% 0.05% 0.87% 0.69% 1.06% -0.71% -0.60% 1.78% 1.67% 0.09% -0.04% -0.00% 0.14% 0.09% 3.93% 0.74% -0.18% 3.18% 4.12% 5.85% -0.13% -0.74% 5.98% 6.59% (3) ( Banking:Nonconsolidated and Trust Accounts ) ( Millions of Yen ) Risk-Monitored Loans March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Loans to customers in bankruptcy 37,783 (34,800) (17,081) 72,584 54,865 Past- due loans 517,977 (118,446) (105,235) 636, ,212 Accruing loans contractually past due three months or more 6,354 1,127 4,475 5,226 1,878 Restructured Loans 386,324 36,745 7, , ,276 Total 948,439 (115,373) (110,794) 1,063,813 1,059,233 Loans at Year-End 10,164,706 (633,192) (312,684) 10,797,899 10,477,391 Percentage of Total Loans and Bills Discounted Loans to customers in bankruptcy Past- due loans Accruing loans contractually past due three months or more Restructured Loans Total 0.37% -0.30% -0.15% 0.67% 0.52% 5.09% -0.79% -0.85% 5.89% 5.94% 0.06% 0.01% 0.04% 0.04% 0.01% 3.80% 0.56% 0.18% 3.23% 3.61% 9.33% -0.52% -0.77% 9.85% 10.10% ( Banking:Consolidated and Trust Accounts ) ( Millions of Yen ) Risk-Monitored Loans March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Loans to customers in bankruptcy 42,796 (30,968) (17,028) 73,765 59,825 Past- due loans 517,834 (115,956) (105,093) 633, ,928 6,354 1,101 4,460 5,252 1,893 Restructured Loans 386,934 37,355 7, , ,607 Total 953,920 (108,468) (110,334) 1,062,388 1,064,254 Accruing loans contractually past due three months or more Loans at Year-End 10,205,611 (629,252) (306,232) 10,834,864 10,511,844 Percentage of Total Loans and Bills Discounted Loans to customers in bankruptcy 0.41% -0.26% -0.14% 0.68% 0.56% Past- due loans 5.07% -0.77% -0.85% 5.84% 5.92% Accruing loans contractually past due three months or more 0.06% 0.01% 0.04% 0.04% 0.01% Restructured Loans 3.79% 0.56% 0.18% 3.22% 3.61% Total 9.34% -0.45% -0.77% 9.80% 10.12% 8

10 (4)Risk-Monitorred Loans and Probrems Assets according to Self-Assessment System and The Fianancial Function Revitalization Law standard Banking Account (Non-consolidated) (100 Millions of Yen) Self-Assessment Classification by Borrowers Problem Assets based on Financial Function Revitalization Law by Claims Risk-Monitored Loans based on the Banking Law Claims to bankrupt debtors 297 Claims to substantially bankrupt debtors 465 Claims to possibly insolvent debtors 4,793 Claims under bankruptcy and substantial bankruptcy 762 Claims under high risk 4,793 Loans to customers in bankruptcy 293 Past due loans 5,059 Claims under close observation (Special attention) Claims under close observation 3,473 Accruing loans contractually past due three months or more 52 Restructured loans 3,420 Claims under close observation (Monitor) Normal Normal 86,736 Total Total - 9,030 8,826 Trust Account:Loans in trusts with contracts for compensating the principle ( 100 Millions of Yen ) Self-Assessment Classification by Borrowers Problem Assets based on Financial Function Revitalization Law by Claims Risk-Monitored Loans based on the Act Concerning Concurrent Operation of Trust Business by Ordinary Banks Risk-Monitored Loans based on the Banking Law (For references ) Claims under bankruptcy and substantial Claims to bankrupt debtors 84 bankruptcy 204 Loans to customers in bankruptcy 84 Loans to customers in bankruptcy 84 Claims to substantially bankrupt debtors 120 Past due loans 103 Accruing loans contractually past due three months or more 3 Claims to possibly insolvent debtors 121 Claims under close observation (Special attention) Claims under close observation (Monitor) Normal Claims under high risk 121 Claims under close observation 331 Normal 10,578 Restructured loans 13 Past due loans 242 Past due loans 14 Accruing loans contractually past due three months or more 6 Restructured loans 100 Past due loans 2 Past due loans 2 Accruing loans contractually past due three months or more 0 Accruing loans contractually past due three months or more 0 Restructured loans 328 Restructured loans 328 Total Total Total (for refferences) The Bank's disclosure of "Past due Loans" in the trust account is based on the definition provided in the Act Concerning Concurrent Operation of Trust Business by Ordinary Banks. This definition states that past due loans are '"Loans and bills discounted for which payment of principal or interest is more than six months in arrears, beginning from the day following the contractual payment due date." The definition of "Past due Loans" in the trust account thus differs from the definition applied to such loans in the banking account, wherein loans are classified by self-assessed borrower categories. Disclosure content is consequently inconsistent between the two accounts. For reference, the Bank therefore voluntarily discloses nonperforming loans in the trust account, based on the same self-assessment criteria applied to nonperforming loans in the banking account. 9

11 (5). Segment Information of Risk-Monitored Loans (a)loans by Region (Banking Account:Consolidated and Trust Account) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Domestic 927,681 (76,650) (91,522) 1,004,331 1,019,203 Overseas 26,239 (31,817) (18,811) 58,057 45,051 Asia 10,823 (26,237) (9,340) 37,061 20,164 Indonesia 5,951 (12,098) (8,564) 18,049 14,515 Thailand 2,688 (11,102) (459) 13,791 3,148 Hong Kong 103 (2,584) (295) 2, Others 2,080 (451) (21) 2,532 2,101 Russia America 12,437 (6,514) (8,787) 18,951 21,225 Others 2, (683) 2,044 3,661 Total 953,920 (108,468) (110,334) 1,062,388 1,064,254 Note: Domestic and Overseas are grouped according to the registered location of the borrower. (b) Loans by Industry ( Banking Account :Consolidated and Trust Account ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Domestic 927,681 (76,650) (91,522) 1,004,331 1,019,203 Manufacturing 91,828 16,823 15,602 75,005 76,225 Construction 159,872 26,614 14, , ,482 Wholesale, Retail and Restaurants 50,337 (9,038) (14,007) 59,376 64,344 Financial and Insurance 24,592 (34,549) (28,684) 59,141 53,276 Real Estate 398,047 (89,161) (66,057) 487, ,104 Services 124,874 (6,281) (30,614) 131, ,488 Others 50,927 18,593 12,398 32,334 38,528 Consumers 27, ,448 26,850 21,752 Overseas 26,239 (31,817) (18,811) 58,057 45,051 Financial Institution 5,461 4,887 5, Commerce and Industry 20,485 (25,613) (16,568) 46,098 37,053 Others 292 (11,092) (7,258) 11,385 7,550 Total 953,920 (108,468) (110,334) 1,062,388 1,064,254 Note: Domestic and Overseas are grouped according to the registered location of the borrower. 10

12 2.Reserve for Possible Loan Losses (1) ( Banking Account : Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Reserve for Possible Loan Losses 397,058 14,286 22, , ,245 General reserve Specific reserve Reserve for account for specified overseas debt 144,978 8,968 16, , , ,399 7,800 7, , ,913 1,680 (2,482) (1,105) 4,163 2,786 Reserves for financial assistance to specific borrowers Reserve for Losses on Real-Estate-Collateralized Loans Sold (88) (23,329) (18,321) 23,671 18,663 ( Banking Account : Consolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Reserve for Possible Loan Losses 399,978 17,891 22, , ,318 General reserve 145,978 9,559 17, , ,835 Specific reserve 252,319 10,815 6, , ,697 Reserve for account for specified overseas debt 1,680 (2,482) (1,105) 4,163 2,786 Reserve for Losses on Real-Estate-Collateralized Loans Sold 342 (23,329) (18,321) 23,671 18,663 (2) ( Trust Account ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Special Internal Reserves Allowance for Bad Debts (Jointly Operated Designated Money Trust) 13,104 (4,809) (2,787) 17,913 15, (32)

13 3.Reserve Ratio for Risk-Monitored Loans (1) ( Banking Account:Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Reserve for Possible Loan Losses (I) 397,058 14,286 22, , ,245 Reserve for Supporting Specific Borrowers (II) (88) Risk-Monitored Loans (After Direct Reduction (partial)) (III) 882,666 (106,074) (104,748) 988, ,415 Reserve Ratio (I+II)/III 45.03% 6.28% 7.07% 38.74% 37.95% Note: Reserve for possible loan losses includes reserves for claims other than risk-monitored loans, and does not take into account secured coverage, such as collateral and guarantees. Please refer to (2) for information on the reserve ratio following consideration of the coverage status, through collateral, guarantees, etc., for each category of risk-monitored loans. ( Banking Account:Consolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Reserve for Possible Loan Losses(IV) 399,978 17,891 22, , ,318 Risk-Monitored Loans (After Direct Reduction (partial)) (V) 888,147 (99,168) (104,288) 987, ,436 Reserve Ratio IV/V 45.03% 6.33% 7.01% 38.69% 38.01% Note: Please refer to the respective non-consolidated note for information on Reserve for Possible Loan Losses. (2) Reserve Ratios for Risk-Monitored Loans in the Banking Account ( Nonconsolidated ) Reserve ratios following consideration of the coverage status, through collateral, guarantees, etc., for each category of risk-monitored loans, are presented below. Please refer to p. 16 for information on the coverage ratio in the trust account for problem loans disclosed according to the Financial Function Revitalization Law Standard. Loans to customers in bankruptcy Past- due loans Accruing loans contractually past due three months or more Restructured Loans Total ( Millions of Yen ) Reserve for Risk-Monitored Collectable Coverage Ratio Reserve for Supporting Loans (After Amount by for Unsecured Possible Loan Specific Direct Reduction Collateralized Portion Losses (A) Borrowers (B) (partial)) (C) Loans (D) (A+B)/(C-D) 4,292-29,364 25, % 234, , , % 148-5, % 78, , , % 317, , , % Note: Reserve for Possible Loan Losses for accruing loans contractually past due three months or more and for restructured loans are listed under a general reserve for possible loan losses, following concurrent application of the discount cash flow method. 12

14 (3)Reserve Ratios for Each Borrower Category,according to Self-Assessment System ( Banking Account ) Self-Assessment Classification of Borrowers Secured by Guarantees and Collateral Unsecured by Guarantees and Collateral Financial Function Revitalization Law Risk- Monitored Loans based on the Banking Law Claims to bankrupt debtors Claims to substantially bankrupt debtors Claims to possibly insolvent debtors Coverage Ratio =100% Direct Write-Offs =100% Coverage Ratio(Average) 86.99% Claims under bankruptcy and substantial bankruptcy Claims under high risk Loans to customers in bankruptcy Past due loans Claims under close observation (Special attention) Coverage Ratio (average) Claims under close observation* Accruing loans contractually past due three months or more 15.48% Restructured loans Claims under close observation (Monitor) Coverage Ratio (average) 5.13% Normal Normal Coverage Ratio 0.22% Claims Claims Total Credit Basis Total Credit Basis (*Loans only) Loans Only 13

15 4. Problem Loans based on The Financial Function Revitalization Law Standard All amounts are calculated after direct reduction (partial) (1) ( Banking Account :Nonconsolidated ) ( Millions of Yen ) Claims Under Bankruptcy and Substantial Bankruptcy March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) 76,279 (40,417) (31,384) 116, ,664 Claims Under High Risk 479,335 (88,837) (86,143) 568, ,479 Claims Under Close Observation 347,396 34,275 12, , ,258 Total (I) 903,012 (94,980) (105,389) 997,992 1,008,401 Note: Amounts of Direct Reduction (Partial): As of March 31, 2002, 280,994 million; March 31, 2001, 326,433 million; As of September 30, 2001, 284,978 million. Normal 8,673,665 (562,795) (341,094) 9,236,461 9,014,759 (2) ( Trust Account : Loans in Trusts with Contracts for Compensating the Principal ) ( Millions of Yen ) Claims Under Bankruptcy and Substantial Bankruptcy March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) 20,455 (10,242) (3,935) 30,698 24,391 Claims Under High Risk 12,164 (8,884) (2,911) 21,048 15,076 Claims Under Close Observation 33,152 9, ,325 32,350 Total (II) 65,773 (9,299) (6,045) 75,072 71,818 Normal 1,057,896 (120,654) 41,036 1,178,550 1,016,860 (3) ( Banking:Nonconsolidated and Trust Accounts ) ( Millions of Yen ) Claims Under Bankruptcy and Substantial Bankruptcy March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) 96,735 (50,659) (35,320) 147, ,056 Claims Under High Risk 491,500 (97,721) (89,054) 589, ,555 Claims Under Close Observation 380,549 44,102 12, , ,608 Total (III) 968,785 (104,279) (111,434) 1,073,064 1,080,220 Normal 9,731,562 (683,449) (300,057) 10,415,012 10,031,620 14

16 5. Coverage of Problem Assets based on The Financial Function Revitalization Law Standard (1) ( Banking Account :Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 Amounts Covered ( IV ) (A) Change (A-B) Change (A-C) (B) (c) 735,806 (37,382) (47,681) 773, ,488 Reserve for Possible Loan Losses 294,646 5,698 12, , ,617 Reserves for Supporting Specific Borrowers (88) Guarantees and Collateral etc 440,722 (43,208) (59,622) 483, ,344 Coverage Ratio (IV)/(I) 81.48% 4.00% 3.78% 77.47% 77.69% (2) ( Trust Account : Loans in Trusts with Contracts for Compensating the Principal ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 Amounts Covered (V) (A) Change (A-B) Change (A-C) (B) (c) 52,214 (13,957) (7,998) 66,171 60,212 Reserve for Possible Loan Losses Reserves for Supporting Specific Borrowers Guarantees and Collateral etc 52,214 (13,957) (7,998) 66,171 60,212 Coverage Ratio (V)/(II) 79.38% -8.75% -4.45% 88.14% 83.84% (3) ( Total (Banking:Nonconsolidated and Trust Accounts) ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 Amounts Covered (VI) (A) Change (A-B) Change (A-C) (B) (c) 788,020 (51,339) (55,680) 839, ,701 Reserve for Possible Loan Losses 294,646 5,698 12, , ,617 Reserves for Supporting Specific Borrowers (88) Guarantees and Collateral etc 492,936 (57,166) (67,621) 550, ,557 Coverage Ratio (VI)/(III) 81.34% 3.12% 3.23% 78.22% 78.10% 15

17 (4) Reserve and Coverage Ratios for Problem Assets based on The Financial Function Revitalization Law Standard ( Banking Account :Nonconsolidated ) Categories Claims Under Bankruptcy and Substantial Bankruptcy Claims Under High Risk Claims Under Close Observation Sub Total Normal Loans Total The Ratio of Problem Assets Assets (a) Reserve for Possible Loan Losses (b) Reserves for Supporting Specific Borrowers (c) Secured by Guarantees and Collateral (d) Reserve Ratios for Unsecured Portion ((b+c)/(a-d)) (100 Millions of Yen) Coverage Ratios ((b+c+d)/a) % 100.0% (1,076) (126) (-) (950) (100.0%) (100.0%) 4,793 2, , % 92.6% (5,654) (2,266) (5) (2,763) (78.5%) (89.0%) 3, , % 62.0% (3,352) (433) (-) (1,289) (21.0%) (51.3%) 9,030 2, , % 81.4% (10,084) (2,826) (5) (5,003) (55.7%) (77.6%) 86,736 (90,147) 95,766 (100,231) 9.42% (10.06%) Notes: 1. Upper-row figures, as of March 31, 2002; bottom-row figures (in parentheses), as of September 30, Reserve ratios and coverage ratios for Claims Under High Risk and for Claims Under Close Observation are listed under a reserve for possible loan losses, following concurrent application of the discount cash flow method. ( Trust Account : Loans in Trusts with Contracts for Compensating the Principal ) Categories Claims Under Bankruptcy and Substantial Bankruptcy Claims Under High Risk Claims Under Close Observation Sub Total Normal Loans Total The Ratio of Problem Assets Assets (a) Reserve for Possible Loan Losses (b) Reserves for Supporting Specific Borrowers (c) Secured by Guarantees and Collateral (d) Reserve Ratios for Unsecured Portion ((b+c)/(a-d)) (100 Millions of Yen) Coverage Ratios ((b+c+d)/a) % (243) (-) (-) (243) (99.9%) % (150) (-) (-) (127) (84.6%) % (323) (-) (-) (230) (71.2%) % (718) (-) (-) (602) (83.8%) 10,578 (10,168) 11,236 (10,886) 5.85% (6.59%) Notes: 1. Upper-row figures, as of March 31,2002; bottom-row figures (in parentheses), as of September 30, * 2. Reserves for possible loan losses are not booked for the trust account, but the Bank executes the direct write-off of trust account "Claims under Bankruptcy and Substantial Bankruptcy " and "Claims under High Risk" in accordance with standards applied to reserves for possible loan losses in the banking account. * 3. The Bank allocated a total of 13.9 billion to the special internal reserve and allowance for bad debt in the trust account, as of March 31, ( Total (Banking:Nonconsolidated and Trust Accounts)) Categories Assets(a) Reserve for Possible Loan Losses (b) Reserves for Supporting Specific Borrowers(c) Secured by Guarantees and Collateral(d) Reserve Ratios for Unsecured Portion ((b+c)/(a-d)) (100 Millions of Yen) Coverage Ratios((b+c+d)/ a) % (1,320) (126) (-) (1,194) (99.9%) Claims Under High Risk Claims Under Close Observation Sub Total Normal Loans Total The Ratio of Problem Assets 97,315 (100,316) 107,003 (111,118) 9.05% (9.72%) 4,915 3,805 9,687 2, , ,174 1,832 4, % 62.2% 81.3% (5,805) (3,676) (10,802) (2,266) (433) (2,826) (5) (-) (5) (2,891) (1,520) (5,605) (88.9%) (53.1%) (78.1%) Note: Upper-row figures, as of March 31,2002; bottom-row figures (in parentheses), as of September 30, Claims Under Bankruptcy and Substantial Bankruptcy 16

18 6. Disposition of Problem Assets based on The Financial Function Revitalization Law Standard The Mitsubishi Trust and Banking Corporation ( Banking: Nonconsolidated and Trust Account ) (1)Problem Assets Recognized before the period ended September 30,2000 ( 100 Millions of Yen ) Fiscal Year ended March 31, 2001 Fiscal Year ended March 31, 2002 September 30,2000 March 31,2001 September 30,2001(A) March 31,2002(B) Change (B-A) Claims Under Bankruptcy and Substantial Bankruptcy 2,392 1,362 1, (545) Claims Under High Risk 5,267 4,555 3,833 3,022 (810) Total 7,660 5,918 5,068 3,712 (1,355) (A1) (B1) Result of Disposition ( 100 Millions of Yen ) October 1, March 31, 2002 Disposition (liquidation type) - Disposition (reconstruction type) 6 Improvement (reconstruction type) - Securitization Write-off Other(Note) 637 Recovery Improvement Total ,355 (B1) Note:1. Including the claim amount collected and of which debtor improved the performance as of March 31, Other than those stated above, loans of 1,600 million are entrusted through the managed trust method to the Resolution and Collection Corporation, which facilitates the final disposal of bad loans. (2) Problem Assets Recognized for the six month period ended March 31, 2001 ( 100 Millions of Yen ) Fiscal Year ended March 31, 2001 Fiscal Year ended March 31, 2002 March 31,2001 September 30,2001(C) March 31,2002(D) Change (D-C) Claims Under Bankruptcy and Substantial Bankruptcy (6) Claims Under High Risk 1,337 1, (260) Total 1,448 1, (267) (C1) (D1) Result of Disposition ( 100 Millions of Yen ) October 1, March 31, 2002 Disposition (liquidation type) - Disposition (resconstruction type) 0 Improvement (reconstruction type) - Securitization Write-off Other(Note) 91 Recovery Improvement Total (D1) Note: Including the claim amount collected and of which debtor improved the performance as of March 31,

19 The Mistubishi Trust and Banking Corporation (3) Problem Assets Recognized for the six month period ended September 30, 2001 ( 100 Millions of Yen ) Fiscal Year ended March 31, 2002 September 30,2001(E) March 31,2002(F) Change (F-E) Claims Under Bankruptcy and Substantial Bankruptcy Claims Under High Risk (499) Total (365) (E1) (F1) Result of Disposition ( 100 Millions of Yen ) October 1, March 31, 2002 Disposition (liquidation type) - Disposition (resconstruction type) 62 Improvement (reconstruction type) - Securitization Write-off 37 9 Other(Note) 255 Recovery Improvement Total (F1) (4) Problem Assets Recognized for the six month period ended March 31, 2002 ( 100 Millions of Yen ) Fiscal Year ended March 31, 2002 March 31,2002 Claims Under Bankruptcy and 63 Substantial Bankruptcy Claims Under High Risk 680 Total 744 (G1) For references Problem Assets at the End of the Fiscal Year Ended March 31, 2002 ( 100 Millions of Yen ) Fiscal Year ended March 31, 2002 March 31,2002 Claims Under Bankruptcy and 967 Substantial Bankruptcy Claims Under High Risk 4,915 Total 5,882 (H1)=(A1)+(C1)+(E1)+(G1) Note.:Other than those stated above, loans of 1,600 million are entrusted through the managed trust method to the Resolution and Collection Corporation, which facilitates the final disposal of bad loans. 18

20 7. Loan Portfolio Classified by Industry (1) Loans by Industry ( Banking : Nonconsolidated and Trust Accounts ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic Offices (Excludes JOM accounts) 9,614,277 (446,427) (176,638) 10,060,705 9,790,916 Manufacturing 1,345,213 63,838 39,032 1,281,375 1,306,181 Agriculture 1,464 (356) (209) 1,820 1,673 Forestry 137 (17) (4) Fishery 13,709 1,238 1,303 12,471 12,406 Mining 7,597 (2,238) (1,461) 9,835 9,058 Construction 323,173 (59,803) (26,598) 382, ,771 Utilities 301,950 (64,210) (30,821) 366, ,771 Transportation and Communications 791,660 10,635 (5,612) 781, ,272 Wholesale, Retail and Restaurants 863,613 (102,753) (77,691) 966, ,304 Financial and Insurance 1,941,914 40,823 59,320 1,901,091 1,882,594 Real Estate 1,416,977 (177,374) (61,493) 1,594,351 1,478,470 Services 1,003,360 (112,883) (93,809) 1,116,243 1,097,169 Municipalities 266,572 (177,470) (142,454) 444, ,026 Others 1,336, , ,873 1,202,778 1,173,058 Overseas Offices and JOM accounts 810,197 (171,388) (90,142) 981, ,340 Total 10,424,475 (617,816) (266,781) 11,042,291 10,691,256 (2) Domestic Consumer Loans Outstanding ( Banking : Nonconsolidated and Trust Accounts ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Consumer Loans 556,332 (41,919) (30,544) 598, ,876 Housing Loans 518,514 (47,009) (37,390) 565, ,905 Other Loans 37,817 5,089 6,846 32,728 30,971 (3) Ratio of Domestic Loans to Small and Medium-sized Companies ( Banking :Nonconsolidated and Trust Accounts ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic Loans to small/medium-sized companies, etc. 4,420,529 (179,870) 75,989 4,600,399 4,344,540 Ratio of domestic loans to small/medium-sized companies, etc % 0.25% 1.60% 45.72% 44.37% 19

21 (4) Loans by Industry ( Banking Account: Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Domestic Offices (Excludes JOM accounts) 8,230,839 (331,849) (257,532) 8,562,689 8,488,372 Manufacturing 1,241,717 73,281 31,529 1,168,436 1,210,188 Agriculture 1,464 (346) (209) 1,810 1,673 Forestry 100 (10) Fishery 12,367 2,048 1,708 10,319 10,659 Mining 7,275 (1,379) (923) 8,654 8,198 Construction 305,238 (50,308) (22,626) 355, ,864 Utilities 124,420 (37,193) (25,338) 161, ,758 Transportation and Communications 619,266 28,493 (13,664) 590, ,930 Wholesale, Retail and Restaurants 838,462 (90,389) (73,422) 928, ,884 Financial and Insurance 1,879,938 73,060 73,499 1,806,878 1,806,439 Real Estate 1,305,198 (118,458) (39,907) 1,423,656 1,345,105 Services 918,284 (103,021) (106,038) 1,021,305 1,024,322 Municipalities 225,227 (175,527) (141,423) 400, ,650 Others 751,874 67,905 59, , ,584 Overseas Offices and JOM Accounts 810,197 (171,388) (90,142) 981, ,340 Total 9,041,037 (503,238) (347,674) 9,544,276 9,388,712 (5) Domestic Consumer Loans Outstanding ( Banking Account: Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Consumer Loans 239,719 8,385 (6,019) 231, ,739 Housing Loans 206,292 1,892 (13,583) 204, ,876 Other Loans 33,427 6,492 7,564 26,934 25,862 (6) Ratio of Domestic Loans to Small and Medium-sized Companies ( Banking Account: Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic Loans to small/medium-sized companies, etc. 3,636,923 (161,282) (3,263) 3,798,205 3,640,186 Ratio of domestic loans to small/mediumsized companies, etc % -0.17% 1.30% 44.35% 42.88% 20

22 (7) Loans by Industry ( Trust Account ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic Offices (Excludes JOM accounts) 1,383,437 (114,577) 80,893 1,498,015 1,302,544 Manufacturing 103,495 (9,444) 7, ,939 95,992 Agriculture (10) 10 Forestry 37 (7) (4) Fishery 1,342 (810) (405) 2,152 1,747 Mining 321 (859) (539) 1, Construction 17,934 (9,496) (3,973) 27,430 21,907 Utilities 177,529 (27,017) (5,483) 204, ,012 Transportation and communications 172,393 (17,859) 8, , ,341 Wholesale, Retail and Restaurants 25,149 (12,364) (4,268) 37,513 29,417 Financial and Insurance 61,975 (32,237) (14,179) 94,212 76,154 Real Estate 111,779 (58,916) (21,585) 170, ,364 Services 85,075 (9,862) 12,228 94,937 72,847 Municipalities 41,344 (1,943) (1,032) 43,287 42,376 Others 585,056 66, , , ,474 Overseas Offices and JOM accounts Total 1,383,437 (114,577) 80,893 1,498,015 1,302,544 (8) Domestic Consumer Loans Outstanding ( Trust Account ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Consumer Loans 316,612 (50,304) (24,524) 366, ,137 Housing loans 312,222 (48,901) (23,806) 361, ,028 Other loans 4,390 (1,402) (718) 5,793 5,108 (9) Ratio of Domestic Loans to Small and Medium-sized Companies ( Trust Account ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic Loans to small/medium-sized companies, etc. 783,605 (18,589) 79, , ,354 Ratio of domestic loans to small/mediumsized companies, etc % 3.09% 2.56% 53.55% 54.07% 21

23 8. Foreign Loans (1) Exposure to refinancing countries ( Banking Account:Nonconsolidated ) ( Millions of Yen, Number of Countries ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (c) Outstanding balance 12,077 (9,976) (7,710) 22,054 19,788 Number of Countries (2) Loans to Asia ( Banking Account:Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Thailand 22,483 (17,195) (3,916) 39,678 26,399 Indonesia 16,345 (23,287) (17,776) 39,632 34,121 Malaysia 2,714 1, ,543 2,353 Philippines 1,929 (219) 1 2,149 1,928 South Korea 7,032 (6,869) (3,191) 13,902 10,223 Singapore 14,221 (1,111) ,332 13,652 Hong Kong 44,010 (35,034) (6,446) 79,045 50,457 China 7,260 (5,752) (1,958) 13,012 9,219 Taiwan 666 (1,276) (737) 1,942 1,404 Others 12,578 (3,061) ,640 12,031 Total 129,242 (92,637) (32,547) 221, ,790 (3) Loans to major Central and South America ( Banking Account:Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Argentina 11 (2) (1) Brazil 1,458 (456) (157) 1,914 1,615 Mexico 1, ,701 1,639 Caribbean Countries 138,331 (5,743) , ,424 Others 5,185 (154) (119) 5,340 5,304 Total 146,816 (6,229) , ,997 (4) Loans to Russia ( Banking Account:Nonconsolidated ) ( Millions of Yen ) March. 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Russia

24 3. Others 1. Deposits and Loans Outstanding ( Nonconsolidated ) (1) Deposits and Loans Outstanding (Millions of Yen) March 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change(A-C) (B) (C) Deposits (At Year-End) 11,275, , ,527 10,743,750 10,696,103 Loans (Average) (At Year-End) 10,835, ,766 (72,338) 10,026,292 10,907,398 9,041,037 (503,238) (347,674) 9,544,276 9,388,712 (Average) 9,074,587 (156,849) (139,784) 9,231,437 9,214,372 Note: Amounts at March 31 and September 30, 2001 are aggregate numbers of Mitsubishi Trust and Nippon Trust. (2) Source of Domestic Deposits (Millions of Yen) March 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Individuals Corporations Others 6,245, , ,521 5,339,022 5,816,949 2,690,263 (50,710) 103,228 2,740,973 2,587, ,211 (459,939) (70,608) 1,095, ,819 Total 9,570, , ,141 9,175,147 9,109,804 Notes: 1. Excluding negotiable certificate deposits, deposits of overseas offices, and JOM accounts. 2. Amounts at March 31 and September 30, 2001 are aggregate numbers of Mitsubishi Trust and Nippon Trust. 2. Number of Employees ( Nonconsolidated ) March 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Number of Employees 6,541 (213) (180) 6,754 6,721 Notes: 1. Excluding the number of trainee, part-timers. 2. Amounts at March 31 and September 30, 2001 are aggregate numbers of Mitsubishi Trust, Nippon Trust and Tokyo Trust. 3. Number of Offices ( Nonconsolidated ) March 31, 2002 March. 31, 2001 Sept. 30, 2001 (A) Change (A-B) Change (A-C) (B) (C) Domestic 55 (16) (14) Head Office and Branches 51 (11) (5) Sub-Branches and Agencies 4 (5) (9) 9 13 Overseas Branches Sub-Branches Representative Offices Total 63 (16) (14) Note: Amounts at March 31 and September 30, 2001 are aggregate numbers of Mitsubishi Trust, Nippon Trust and Tokyo Trust. 23

25 4. Pension Benefits (1) Pension Benefits Obligation (Non-consolidated ) (Millions of Yen) March 31, 2002 Pension benefits obligation (Discount rate:2.4%) (A) 256,986 Fair Value of Plan Assets (B) 157,655 Prepaid pension expenses (C) 7,262 Liability for employees' retirement benefits (D) 12,145 Unrecognized Pension Expenses (A-B+C-D) 94,447 Unrecognized retirement benefits obligation at translation 15,423 Unrecognized prior service cost (3,406) Unrecognized actuarial loss 82,430 (2) Pension Benefits Obligation (Consolidated ) (Millions of Yen) March 31, 2002 Pension benefits obligation (Discount rate:2.4%) (A) 258,950 Fair Value of Plan Assets (B) 158,608 Prepaid pension expenses (C) 7,262 Liability for employees' retirement benefits (D) 13,157 Unrecognized Pension Expenses (A-B+C-D) 94,447 Unrecognized retirement benefits obligation at translation 15,423 Unrecognized prior service cost (3,406) Unrecognized actuarial loss 82,430 24

26 (3) Pension Benefits Costs (Non-consolidated ) (Millions of Yen) March 31, 2002 Pension benefits costs 18,034 Service Costs 5,786 Interest Costs 5,964 Expected return on plan assets (3,880) Amortization of unrecognized net obligation at transition 5,264 Amortization of unrecognized past service cost at transition (23) Amortization of unrecognized net actuarial loss 3,178 Others 1,745 (4) Pension Benefits Costs (Consolidated ) (Millions of Yen) March 31, 2002 Pension benefits costs 18,422 Service Costs 6,174 Interest Costs 5,964 Expected return on plan assets (3,880) Amortization of unrecognized net obligation at transition 5,264 Amortization of unrecognized past service cost at transition (23) Amortization of unrecognized net actuarial loss 3,178 Others 1,745 25

27 Non-Consolidated Summary Report for the Fiscal Year Ended March 31, 2002 <According to Japanese GAAP> Listed Company Name: Mitsubishi Tokyo Financial Group, Inc. (The Mitsubishi Trust and Banking Corporation ( The Bank )) Listings: First Section of the Tokyo Stock Exchange and the Osaka Securities Exchange Code No.: 8306 (URL Location of Head Office: Tokyo, Japan Contact: Keiichi Riko,Chief Manager of Financial Policy Division, Mitsubishi Tokyo Financial Group, Inc. TEL: Saburo Sato, Senior Chief Manager of Corporate Planning Division, The Mitsubishi Trust and Banking Corporation TEL: Date of the Board of Directors Meeting on the Settlement of Accounts: May 24, 2002 Date of the Annual General Meeting of Shareholders: June 26, 2002 Interim Dividend System: Existent Unit Stock System based on revised commercial code: Existent (One Unit :1,000 Shares) May 24, 2002 Performance for the Year Ended March 31, 2002 On October 1, 2001, Nippon Trust Bank, Limited and The Tokyo Trust Bank, Ltd. merged with and into The Mitsubishi Trust and Banking Corporation. Amounts at March 31, 2001 indicate the figures of Mitsubishi Trust before the merger. (April 1, 2001 to March 31, 2002) (1) Operating Results (All amounts are rounded down to the nearest million.) Ordinary Income Ordinary Profit (Loss) Net Income (Loss) March 31, 2002 March 31, 2001 (Yr to Yr % change) Millions of Yen (%) 638,552 (- 5.4) 674,752 (-27.1) (Yr to Yr % change) Millions of Yen (%) (54,380) ( ) 11,627 (-90.8) (Yr to Yr % change) Millions of Yen (%) (32,691) ( ) 18,420 (-64.8) March 31, 2002 March 31, 2001 Net Income (Loss) per Common Share (24.06) Net Income per Common and Common Equivalent Share Return on Equity % Ratio of Ordinary Expenses to Ordinary Income % Total Funds Millions of Yen 39,851,231 35,255,722 Notes: 1. Number of shares (average of the beginning and ending balances) March 31, 2002: 1,425,803,109 common shares, 100,000,000 preferred shares March 31, 2001: 1,302,303,109 common shares, 100,000,000 preferred shares 2. There is no change in accounting policy. 3. Ratio of Ordinary Expenses to Ordinary Income = Ordinary Expenses / Ordinary Income x Percentage figures in ordinary income, ordinary profit (loss) and net income (Loss) columns indicate increase or decrease from the previous term. 34