CONSOLIDATED BALANCE SHEETS

Transcription

1 CONSOLIDATED BALANCE SHEETS As of March 31, Millions of yen Variance (Unaudited) Assets: Cash and Due from Banks 322, ,336 (62,475) Call Loans 5,398 43,662 (38,264) Monetary Receivables Bought 47,395 44,827 2,568 Trading Assets 33,767 16,229 17,537 Money Held in Trust - 6,035 (6,035) Securities 1,999,424 1,988,554 10,870 Loans and Bills Discounted 2,433,969 3,246,847 (812,878) Foreign Exchanges (185) Other Assets 163, ,026 (12,070) Premises and Equipment 93,279 98,181 (4,902) Deferred Tax Assets 136, ,764 (66,734) Customers' Liabilities for Acceptances and Guarantees 148, ,546 (18,605) Reserve for Credit Losses (61,457) (108,603) 47,146 Reserve for Losses on Securities (337) - (337) Total Assets 5,323,745 6,268,112 (944,367) Liabilities, Minority Interests and Stockholders' Equity Liabilities: Deposits 2,750,906 3,109,226 (358,320) Negotiable Certificates of Deposit 483, , ,780 Call Money 42, ,025 (186,112) Payables under Repurchase Agreements (999) Collateral Deposits on Securities Loaned 116,996 30,204 86,792 Trading Liabilities 5,937 8,535 (2,597) Borrowed Money 60, ,762 (45,476) Foreign Exchanges 0 0 (0) Bonds and Notes 74,400 74,400 - Borrowed Money from Trust Account 1,241,919 1,754,077 (512,158) Other Liabilities 27,829 46,665 (18,835) Reserve for Bonus 866 1,346 (480) Reserve for Retirement Benefits Reserve for Possible Losses Related to Land Trust 14,522-14,522 Deferred Tax Liabilities Related to Revaluation Reserve for Land 7,568 7,666 (98) Acceptances and Guarantees 148, ,546 (18,605) Total Liabilities 4,977,358 5,892,806 (915,447) Minority Interests Capital Stocks 280, ,536 - Capital Surplus 57,699 57,699 - Retained Earnings (27,913) 34,360 (62,274) Revaluation Reserve for Land, Net of Taxes 11,902 11, Net Unrealized Profit (Loss) on Available-for-securities, Net of Tax 25,124 (8,355) 33,479 Foreign Currency Translation Adjustments (1,033) (888) (144) Total Stockholders' Equity 346, ,240 (28,925) Total Liabilities, Minority Interests and Stockholders' Equity 5,323,745 6,268,112 (944,367) - 1 -

2 Notes: (1) The amount of the charge-off as of March 31, 2005 was 60,466 million yen. (2) "Reserve for Retirement Benefit" is provided for future pension and lump-sum severance indemnity payment to employees. The reserve is recorded based on the projected benefit obligation and the pension plan asset amount at the end of the fiscal year ended March 31, The unrecognized net obligation at transition (13,367 million yen) is amortized over 5 years, and the amortized amount is recorded for the fiscal year ended March 31, (3) As of March 31, 2005, Loans to Bankrupt Companies and Other Delinquent Loans were 445 million yen and 31,286 million yen, respectively. As of March 31, 2005, Loans Past Due 3 Months or More, other than Loans to Bankrupt Companies and Other Delinquent Loans, were 883 million yen. As of March 31, 2005 Restructured Loans were 43,534 million yen. (4) The net realized and unrealized profits and losses arising on hedging instruments are included in Other Liabilities as deferred hedge profits. The gross amounts of deferred hedge profits and losses are 13,775 million yen and 12,808 million yen, respectively. (5) Pursuant to overdraft agreements and commitments to provide loans, the Bank may provide loans with customers up to certain limits. Among such limits, 1,029,484 million yen remains unused of which 1,018,364 million yen is based on contracts to be terminated within a year or revocable by the Bank. (6) Employee Retirement Benefits As of March 31, 2005 (Millions of Yen) Projected Benefit Obligation (113,764) Fair Value of Plan Assets 84,178 Security held in Trust 44,909 Funded Status 15,324 Unrecognized Plan Assets (18,823) Unrecognized Net Actuarial Loss 39,568 Net Amount Recognized on the Consolidated Blance Sheet 36,069 Prepaid Pension Cost 36,770 Reserve for Retirement Benefits (700) (7) Amounts less than one million yen are omitted

3 CONSOLIDATED STATEMENTS OF INCOME Millions of yen Fiscal Year ended March 31, Variance (Unaudited) Revenue: Trust fees 51,381 49,691 1,689 Interest Income 46,890 56,065 (9,175) Interest on Loans and Discounts 31,865 40,144 (8,279) Interest and Dividends from Securities 14,271 15,501 (1,229) Other Interest Income Fees and Commissions 73,869 59,843 14,026 Trading Revenue 860 3,018 (2,158) Other Operating Income 17,421 28,816 (11,395) Other Income 20,131 83,827 (63,695) Total Income 210, ,263 (70,708) Expenses: Interest Expenses 16,083 17,916 (1,832) Interest on Deposits 5,064 7,302 (2,238) Fees and Commissions 10,076 6,778 3,297 Other Operating Expenses 9,658 20,883 (11,224) General and Administrative Expenses 78,019 84,737 (6,718) Other Expenses 101,559 93,197 8,362 Total Expenses 215, ,513 (8,115) Income (Loss) before Income Taxes, & Minority Interests (4,843) 57,749 (62,593) Provision for Income Taxes Deferred Income Taxes 54,214 19,653 34,560 Minority Interests in Net Income Net Income (Loss) (60,053) 37,470 (97,523) - 3 -

4 Notes: (1) Other Expenses for the fiscal year ended March 31, 2005 includes Write-off of Loans: 23,000 million yen, Transfer to Reserve for Possible Losses Related to Land Trust:14,522 million yen, Revaluation Losses on Stocks and Other Equity Securities: 5,652 million yen Losses on Sales of Loans: 4,030 million yen Trust Account Loss Indemnified: 3,028 million yen Expenses for amortization of unrecognized net pension obligation pursuant to a change in accounting policy: 2,673 million yen Expenses of the preparation of planned management integration: 554 million yen (3) Amounts less than one million yen are omitted

5 CONSOLIDATED STATEMENTS OF CAPITAL SURPLUS AND RETAINED EARNINGS Fiscal Year ended March 31, Variance Millions of yen (Unaudited) Capital Surplus Balance, at Beginning of the Period 57, ,329 (80,629) Deductions - 80,629 (80,629) Draw Down for Deficit Reduction - 80,629 (80,629) Balance, at End of the Period 57,699 57,699 - Retained Earnings Balance, at Beginning of the Period 34,360 (83,971) 118,331 Additions ,331 (118,247) Net Income - 37,470 (37,470) Transfer from Capital Surplus - 80,629 (80,629) Reversal of Revaluation Reserve for Land (148) Deductions 62,358-62,358 Divedends Declared 2,305-2,305 Net Loss 60,053-60,053 Balance, at End of the Period (27,913) 34,360 (62,274) - 5 -

6 CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal Year ended March 31, Variance Millions of yen (Unaudited) Cash Flows from Operating Activities Income Before Income Taxes, & Minority Interests (4,843) 57,749 (62,593) Depreciation 3,036 3,375 (338) Equity in Earnings of Affiliates (381) (281) (99) Net Increase (Decrease) in Reserve for Possible Loan Losses 27,165 (37,204) 64,370 Net Increase (Decrease) in Reserve for Possible Losses on Securities 579 (0) 580 Net Increase (Decrease) in Reserve for Employee Bonus (480) (0) (480) Net Increase (Decrease) in Reserve for Retirement Benefits 141 9,144 (9,002) Net Increase (Decrease) in Reserve for Possible Losses Related to Land Trust 14,522-14,522 Interest Income (46,890) (56,065) 9,175 Interest Expenses 16,083 17,916 (1,832) Net (Gain) Loss on Securities (14,042) (32,917) 18,874 Net (Gain) Loss on Money Held in Trust (127) (35) (91) Net (Gain) Loss on Exchanges (23) (377) 354 Net (Gain) Loss on Sales of Premises and Equipment 2,163 3,966 (1,802) Net (Gain) Loss on Establishment of Pension Trust - (4,653) 4,653 Net (Increase) Decrease in Trading Assets (17,537) 1,884 (19,422) Net Increase (Decrease) in Trading Liabilities (2,597) (6,526) 3,929 Net (Increase) Decrease in Loans and Bills Discounted 585,104 (258,120) 843,225 Net Increase (Decrease) in Deposits (358,320) (208,082) (150,238) Net Increase (Decrease) in Negotiable Certificates of Deposit 126,780 13, ,690 Net Increase (Decrease) in Borrowed Money Excluding Subordinated Debt (45,476) 20,165 (65,641) Net (Increase) Decrease in Due from Banks (excluding Bank of Japan) 10,068 (26,390) 36,459 Net (Increase) Decrease in Call Loans and Monetary Receivables Bought 35,597 (43,221) 78,818 Net (Increase) Decrease in Collateral Deposits on Securities Borrowed - 299,997 (299,997) Net Increase (Decrease) in Call Money and Other Fundings Related to Operating Activities (35,073) (303,864) 268,791 Net (Increase) Decrease in Collateral Deposits on Securities Lent 86,792 30,204 56,588 Net (Increase) Decrease in Foreign Exchanges (Assets) 185 1,209 (1,024) Net Increase (Decrease) in Foreign Exchanges (Liabilities) (0) (0) 0 Net increase (Decrease) in Borrowed Money from Trust Account (512,158) 503,831 (1,015,990) Interest Received 51,801 60,243 (8,442) Interest Paid (21,125) (25,928) 4,803 Others, Net (7,735) 8,097 (15,832) Sub-total (106,789) 27,203 (133,993) Income Taxes Paid (Refunded) (1,197) 3 (1,201) Net Cash Provided by (Used in) Operating Activities (107,987) 27,207 (135,194) - 6 -

7 CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) Millions of yen Fiscal Year ended March 31, Variance (Unaudited) Cash Flows from Investing Activities Purchases of Securities (1,771,575) (2,785,343) 1,013,767 Proceeds from Sales of Securities 1,652,899 2,403,250 (750,351) Proceeds from Maturities of Securities 170, ,348 (75,637) Increase in Money Held in Trust - (6,000) 6,000 Decrease in Money Held in Trust 6,163-6,163 Expenditures for Premises and Equipment (2,751) (1,058) (1,692) Proceeds from Sales of Premises and Equipment 2,432 1,389 1,042 Net Cash Provided by (Used in) Investing Activities 57,879 (141,412) 199,292 Cash Flows from Financing Activities Proceeds from Issuance of Subordinated Bonds - 31,000 (31,000) Redemption and Repurchase of Subordinated Bonds - (1,000) 1,000 Dividends Paid (2,305) - (2,305) Net Cash Provided by (Used in) Financing Activities (2,305) 30,000 (32,305) Net Increase (Decrease) in Cash and Cash Equivalents (52,413) (84,204) 31,791 Cash and Cash Equivalents at Beginning of Fiscal Year 341, ,210 (84,204) Cash and Cash Equivalents at End of Interim period 288, ,005 (52,413) Note: A recognition between "Cash and Cash Equivalenst" and Cash and Due from Banks on the balance sheet sheet is as follows: Cash and Due from Banks 322,860 Less: Due from Banks other than Central Banks 34,267 Cash and Cash Equivalents 288,

8 MARKET VALUE INFORMATION ON SECURITIES AND MONEY HELD IN TRUST (CONSOLIDATED) A. Securities The following includes "Securities", trading account securities, negotiable due from banks and commercial paper under "Trading Assets". 1 Trading Securities Book value as of March 31, ,685 million yen Valuation gain (loss) during the fiscal year ended March 31, 2005 (3) million yen 2 Available-for-Sale Securities with Market Value As of March 31, 2005 Aggregate Market Unrealized Gain(Loss) Type Cost Value Net Gain Loss (Millions of yen) Japanese Equities 330, ,246 53,895 74,273 20,378 Japanese Bonds 1,372,595 1,365,328 (7,266) 1,099 8,366 Japanese NationalGovernment Bonds 1,365,567 1,358,189 (7,377) 979 8,356 Japanese Local Government Bonds 2,698 2, Japanese Corporate Bonds and Financial Debentures 4,329 4, Others 129, ,767 (8,888) 556 9,444 Total 1,832,602 1,870,342 37,740 75,930 38,189 Market Value: Stocks: Average market value over one month period prior to the closing of the fiscal accounting period. Others: Market value at the end of the fiscal accounting period. 3 The Bank sold avaliable-for-sale securities during the fiscal year ended March 31, 2005 as follows: Book value 1,687,416 million yen Profits on sale 24,515 million yen Losses on sale 2,986 million yen 4 Held-to-maturity debt securities and available-for-sale securities whose market value is not readily determinable As of March 31, 2005 (Millions of Yen) Book value Available-for-sale Securities 50,380 Unlisted Bonds 26,334 Unlisted Stocks (excluding over-the-counter stocks) 21,

9 5. Redemption Schedule of Held-to-maturity Debt Securities and Available-for-sale securities with Maturity (Millions of Yen / Year) 1 or less over 1 to 5 over 5 to 10 over 10 Japanese Bonds 6, , , ,029 Japanese National Government Bonds , , ,122 Japanese Local Government Bonds 3 1, Japanese Corporate Bonds and Financial Debentures 6,468 29,222 16,623 2,400 Others 28,301 63,804 11,164 0 Total 34, , , ,029 B. Money Held in Trust There is no Money Held in Trust C. Unrealized Gains (Losses) on Available-for-Sale Securities As of March 31, 2005 Type Book Value (Millions of yen) Net Unrealized Gains (Losses) 37,740 Available-for-Sale Securities 37,740 Less: Deferred Tax Liabilities 12,612 Net Unrealized Gains (Losses), Net of Taxes (before adjustment for minority interest) 25,127 Less: Minority Interest - Parent Company's Share of Net Unrealized Gains (Losses) Securities Held by Affiliates Accounted for under Equity Method (3) Net Unrealized Gains (Loss) on Available-for-sale Securities, Net of Taxes 25,

10 Non-Consolidated Balance Sheets (Banking Account) As of March 31, Millions of yen Variance Assets: Cash and Due from Banks 322, ,889 (62,284) Bills Bought - 40,000 (40,000) Monetary Receivables Bought 47,395 44,827 2,568 Trading Assets 33,767 16,229 17,537 Securities 1,961,203 1,975,235 (14,032) Loans 2,456,773 3,274,497 (817,723) Foreign Exchanges (185) Other Assets 138, ,504 (7,004) Premises and Equipment 40,114 42,450 (2,335) Deferred Tax Assets 137, ,660 (58,577) Customers' Liabilities for Acceptances and Guarantees 79,065 85,469 (6,404) Reserve for Credit Losses (60,622) (107,628) 47,005 Reserve for Possible Losses on Securities (372) - (372) Total Assets 5,156,030 6,097,839 (941,808) Liabilities: Deposits 2,754,141 3,112,073 (357,932) Negotiable Certificates of Deposit 483, , ,780 Call Money 6,112 24,525 (18,412) Payables under Repurchase Agreements (999) Cash Collateral Received for Bonds Loaned 57,981-57,981 Bills Sold 36, ,500 (167,700) Trading Liabilities 5,937 8,535 (2,597) Borrowed Money 48,500 57,501 (9,001) Foreign Exchanges 0 0 (0) Bonds and Notes 69,900 69,900 - Borrowed Money from Trust Account 1,241,919 1,754,077 (512,158) Other Liabilities 20,616 39,067 (18,451) Reserve for Bonus 431 1,034 (602) Reserve for Retirement Benefits Reserve for Possible Losses Related to Land Trust 14,522-14,522 Acceptances and Guarantees 79,065 85,469 (6,404) Total Liabilities 4,819,719 5,714,630 (894,910) Capital Stocks 280, ,536 - Capital Surplus 57,699 57,699 - Retained Earnings (18,608) 57,106 (75,715) Retained Earnings 24,187 23, Unappropriated Profit (Undisposed Loss) at End of the Period (42,796) 33,380 (76,176) Net Income (Loss) (73,494) 33,148 (106,642) Revaluation Reserve for Land, Net of Taxes (1,674) (1,590) (84) Net Unrealized Profit (Loss) on Available-for-securities, Net of Tax 18,358 (10,542) 28,900 Total Stockholders' Equity 336, ,209 (46,898) Stockholders' Equity 5,156,030 6,097,839 (941,808)

11 Non-Consolidated Statements of Income Millions of yen Fiscal Year ended March 31, Variance (Unaudited) Income: Trust Fees 51,381 49,691 1,689 Interest Income 45,252 55,687 (10,434) Interest on Loans and Discounts 31,793 40,211 (8,417) Interest on and Dividends from Securities 12,714 15,065 (2,350) Fees and Commissions 69,247 55,670 13,577 Trading Revenue 860 3,018 (2,158) Other Operating Income 9,855 9,896 (40) Other Income 17,477 74,655 (57,177) Total Income 194, ,619 (54,543) Expenses: Interest Expenses 15,586 17,545 (1,959) Interest on Deposits 5,064 7,302 (2,238) Fees and Commissions 10,369 7,204 3,164 Other Operating Expenses 2,355 2,774 (419) General and Administrative Expenses 76,259 82,533 (6,273) Other Expenses 116,882 86,440 30,442 Total Expenses 221, ,498 24,954 Income (Loss) before Income Taxes, & Minority Interests (27,377) 52,121 (79,498) Provision for Income Taxes (50) Deferred Income Taxes 46,081 18,887 27,194 Net Income (Loss) (73,494) 33,148 (106,642) Profit Brought forward from Previous Period 30,614-30,614 Reversal of Revaluation Reserve for Land (148) Unappropriated Profit (Undisposed Loss) at End of Year (42,796) 33,380 (76,176)

12 BALANCE SHEETS (TRUST ACCOUNT) As of March 31, Millions of yen Variance Assets: Loans and Bills Discounted 634, ,690 (179,248) Securities 3,885,173 3,370, ,592 Beneficiary Rights in Trust 12,110,135 12,482,661 (372,526) Securities in Trust 373, ,821 65,947 Securities Lent 498, ,100 (125,100) Money Claims 3,244,668 3,005, ,081 Premises and Equipment 2,612,337 1,736, ,418 Superficies 16,525 8,887 7,638 Leasing Rights on Land 14,837 23,456 (8,618) Other Claims 484, , ,443 Call Loans 21, ,654 (123,959) Lending Money to Banking Account 1,241,919 1,754,077 (512,158) Cash and Due from Banks 376, ,433 (342,754) Total Assets 25,514,790 25,141, ,756 Liabilities: Money Trusts 5,048,345 5,238,745 (190,400) Pension Trusts 7,250 7,267 (17) Property Formation Trusts 4,413 4,453 (40) Loan Trusts 525, ,876 (206,245) Investment Trusts 12,102,382 12,473,690 (371,307) Money in Trusts Other than Money Trusts 71,189 78,136 (6,946) Securities in Trust 1,615,656 1,600,276 15,379 Money Claims in Trust 3,342,421 3,120, ,771 Equipment in Trust 63, ,118 (53,666) Real Estate in Trust 63,450 93,674 (30,223) Leasing Rights on Land in Trust Composite Trusts 2,670,338 1,674, ,447 Other Trusts Total Liabilities 25,514,790 25,141, ,756 Notes: 1. The total amount of Co-operative Trusts with other trust companies administrated were 17,001,878 million yen and 17,908,758 million yen as of March 31, 2005 and 2004, respectively. 2. Total amounts of loans in trust account with principal indemnification of clause were 546,021 million yen as of March 31, Problem loans in trust account with principal indemnification of clause were as follows: Loans to Bankrupt Companies: 83 million yen Other Delinquent Loans: 6,842 million yen Loans Past Due 3 Months or More: 826 million yen Restructured Loans: 10,000 million yen Among the above loans, the entrusted amount to the Resolution and Collection Corporation were 1,037 million yen, and this act of trust was recognized as the process of measures to remove loans from balance sheet. 3. Amounts less than one million yen are omitted