FY2004 Interim Financial Data Data
1 Bank of Tokyo-Mitsubishi Mitsubishi Trust Summary of Financial Results 3 Summary of Financial Results 20 Interest Rate Spread Analysis 6 Interest Rate Spread Analysis 23 Non-Interest Income 9 Non-Interest Income 26 G&A Expenses, Personnel and Branch 10 G&A Expenses, Personnel and Branch 27 Numbers Numbers Reserve Ratio 11 Reserve Ratio 28 Valuation Difference on Securities/ 12 Valuation Difference on Securities/ 29 Redemption of Bonds Redemption of Bonds Derivatives which Qualify for Hedge- 13 Derivatives which Qualify for Hedge- 30 Accounting Accounting Exposures for Asia/South America/Russia by 14 Exposures for Asia/South America by 31 Nationality of Borrowers Nationality of Borrowers Financial Data of Mitsubishi Securities 15 Fiduciary Asset Management Businesses 32 Financial Data of UnionBancal Corporation 16 Trust Related Businesses 33 Retail Data 17
2 Part 1: 1: Bank of of Tokyo-Mitsubishi (P3 P18)
Summary of Financial Results (1) [Non-consolidated] Interim Interim Change % Gross Profits(A) 467.4 471.0 3.6 0.7% Net Interest Income 319.5 314.8 (4.6) (1.4%) Net Fees and Commissions 73.3 92.5 19.2 26.2% Net Trading Profits 28.1 29.2 1.0 3.7% Net Other Business Income 46.3 34.3 (11.9) (25.8%) Net Gains(Losses) on Debt Securities (18.0) 23.1 41.2 228.1% General and Administrative Expenses (B) 232.3 237.6 5.2 2.2% Expense Ratio (B) / (A) 49.7% 50.4% 0.7% - Net Business Profits before Provision for Formula Allowance for Loan Losses ((1)+(2)) 235.0 233.4 (1.5) (0.6%) Provision for Formula Allowance for Loan Losses (1) 0.0 0.0 0.0 - Net Business Profit (2) 235.0 233.4 (1.5) (0.6%) 3
4 Summary of Financial Results (2) [Non-consolidated] Interim Interim Change % Net Non-Recurring Gains (Losses) (86.0) (62.3) 23.6 27.4% Net Gains (Losses) on Equity Securities 5.9 (1.1) (7.0) (119.5%) Gains on equity securities 50.0 36.1 (13.8) (27.7%) Losses on equity securities (40.1) (13.6) 26.5 66.0% Losses on write down of equity securities and Reserve for losses on investments (3.9) (23.6) (19.7) (496.4%) Credit Related Costs (3) (61.9) (41.7) 20.2 32.6% Others (30.0) (19.4) 10.5 35.0% Ordinary Profits (Losses) 149.0 171.0 22.0 14.8% Net Special Gains 236.9 5.0 (231.9) (97.8%) Reversal of allowance for loan losses (4) 172.7 3.5 (169.1) (97.9%) Refund of enterpise taxes by the Tokyo Metropolitan Governmen 32.1 0.0 (32.1) (100.0%) Gains on transfer of the substitutional portion of future pension obligations 26.5 0.0 (26.5) (100.0%) Profit on Recoveries of Charged-off Claims 12.7 5.6 (7.1) (55.5%) Gain (Loss) before Income Taxes and Others 385.9 176.1 (209.8) (54.3%) Income Taxes-current 27.8 1.7 (26.0) (93.5%) Income Taxes-deferred 128.3 66.1 (62.1) (48.4%) Net Income (Losses) 229.7 108.1 (121.5) (52.9%) Total Credit Costs ((1)+(3)+(4)) * (110.7) 38.1 148.9 134.4% *Fiscal '03 interim result ends in the Credit "Profits".
5 Summary of Financial Results (3) [Non-consolidated] Fiscal'03 Fiscal '04 (03/3) (04/9) Change % 1 Total Assets 76,437.4 82,276.1 5,838.7 7.6% 2 Loans and Bills Discounted 34,816.6 36,001.9 1,185.3 3.4% 3 Investment Securities 20,766.9 25,876.2 5,109.3 24.6% 4 Japanese Government Bonds 12,949.6 17,424.8 4,475.2 34.5% 5 Domestic Equity Securities 3,075.8 2,858.9 (216.8) (7.0%) 6 Receivables under Resale Agreements 458.6 141.1 (317.4) (69.2%) 7 Other Assets 1,731.9 1,417.1 (314.7) (18.1%) 8 Deferred Tax Assets 527.6 502.1 (25.4) (4.8%) 9 Allowance for Loan Losses (468.5) (455.2) 13.3 2.8% 10 Total Liabilities 73,295.1 79,250.1 5,954.9 8.1% 11 Deposits 51,819.4 52,351.3 531.9 1.0% 12 Debentures 265.9 30.7 (235.2) (88.4%) 13 Payables under Repurchase Agreemen 1,818.4 3,560.4 1,742.0 95.7% 14 Short-term corporate bonds 300.2 297.6 (2.6) (0.8%) 15 Bonds and Notes 2,567.1 2,567.8 0.7 0.0% 16 Other Liabilities 2,066.7 2,130.3 63.6 3.0% [Non-consolidated] Fiscal'03 Fiscal '04 (03/3) (04/9) Change % 17 Total Shareholder's Equity* 3,142.2 3,026.0 (116.2) (3.6%) 18 Capital Stock 871.9 871.9 19 Capital Surplus 681.9 681.9 20 Capital Reserve 681.9 681.9 21 Retained Earnings 1,041.5 998.8 (42.7) (4.1%) 22 Earned Surplus Reserve 190.0 190.0 23 General-Purpose Reserve 475.7 664.8 189.1 39.7% 24 Unappropriated Retained Earnings (Losses) at the end of period 375.8 143.9 (231.8) (61.7%) 25 Land Revaluation Excess 167.7 160.6 (7.0) (4.1%) 26 Unrealized Gains (Losses) on Securities Available for Sale 379.0 312.5 (66.4) 17.5%
6 Interest Rate Spread Analysis (Domestic&International) Interest earning assets & bearing liabilities [Non-consolidated] Interim (Yield) Interim (Yield) Change % 1 Net Interest Income 319.5 314.8 (4.6) 2 Av. Int. Earning Assets 58,617.8 1.55% 64,521.4 1.36% 5,903.6 (0.19%) 3 Loans 34,265.4 1.67% 34,851.5 1.58% 586.0 (0.08%) 4 Securities 18,709.3 0.94% 23,773.7 0.82% 5,064.3 (0.12%) 5 Japanese Government Bonds 10,351.1 0.26% 15,383.6 0.24% 5,032.4 (0.02%) 6 Domestic Equity Securities 2,792.4 0.80% 2,506.0 1.03% (286.3) 0.23% 7 Due from banks 2,531.4 1.57% 2,277.8 1.72% (253.5) 0.14% 8 Av. Int. Bearing Liabil. 62,569.8 0.43% 68,543.2 0.36% 5,973.3 (0.06%) 9 Deposits 48,779.3 0.22% 51,429.1 0.25% 2,649.7 0.02% 10 CDs 2,207.8 0.15% 1,890.6 0.26% (317.1) 0.10% 11 Debentures 581.6 0.79% 119.9 0.57% (461.7) (0.21%) 12 Payables under repo transac. 2,445.4 0.87% 3,049.1 0.46% 603.7 (0.40%) 13 Others* 4,257.6 0.98% 7,416.2 0.46% 3,158.6 (0.51%) *Call money and bills sold + Borrowed money Interest rate spread [Non-consolidated] Interim Interim Change 1 Avg. int. rate on int. earning assets (A) 1.55% 1.36% (0.19%) 2 Avg. int. rate on Loans (B) 1.67% 1.58% (0.08%) 3 Avg. int. rate on Investment Sec. 0.94% 0.82% (0.12%) 4 Avg. int. rate on int. bearing liabilities (C) 1.17% 1.05% (0.12%) 5 Avg. int rate on Deposits, NCD, Debenture (D) 0.23% 0.25% 0.02% 6 Expense Ratio 0.89% 0.88% 0.00% 7 Avg. int.rate spread (A) - (C) 0.37% 0.30% (0.07%) 8 Avg. loans and deposits spread (B) - (D) 1.44% 1.32% (0.11%)
7 Interest Rate Spread Analysis (Domestic) Interest earning assets & bearing liabilities [Non-consolidated] Interest rate spread [Non-consolidated] Interim (Yield) Interim (Yield) Change % Interim Interim Change 1 Net Interest Income 208.6 217.1 8.4 1 Avg. int. rate on int. earning assets (A) 1.09% 0.98% (0.10%) 2 Av. Int. Earning Assets 45,454.9 1.09% 51,647.7 0.98% 6,192.8 (0.10%) 2 Avg. int. rate on Loans (B) 1.46% 1.38% (0.07%) 3 Loans 28,776.0 1.46% 29,660.3 1.38% 884.2 (0.07%) 3 Avg. int. rate on Investment Sec. 0.45% 0.43% (0.02%) 4 Securities 15,209.6 0.45% 20,158.1 0.43% 4,948.5 (0.02%) 4 Avg. int. rate on int. bearing liabilities (C) 0.81% 0.72% (0.09%) 5 Japanese Government Bonds 10,351.1 0.26% 15,383.6 0.24% 5,032.4 (0.02%) 5 Avg. int rate on Deposits, NCD, Debenture (D) 0.03% 0.03% 0.00% 6 Domestic Equity Securities 2,792.4 0.80% 2,506.0 1.03% (286.3) 0.23% 6 Expense Ratio 0.75% 0.75% 0.00% 7 Call Loans 10.8 0.05% 79.2 0.00% 68.4 (0.04%) 7 Avg. int. rate spread (A) - (C) 0.28% 0.26% (0.01%) 8 Av. Int. Bearing Liabil. 49,354.4 0.16% 55,684.9 0.13% 6,330.5 (0.02%) 8 9 Deposits 39,476.3 0.02% 41,333.4 0.03% 1,857.1 0.00% Avg. loans and deposits spread (B) - (D) 1.42% 1.35% (0.07%) 10 CDs 2,045.7 0.01% 1,651.9 0.01% (393.8) 0.00% 11 Debentures 581.6 0.79% 119.9 0.57% (461.7) (0.21%) 12 Payables under repo transac. 1,304.8 0.00% 2,171.2 0.00% 866.4 0.00% 13 Others* 3,083.0 0.73% 6,375.3 0.28% 3,292.3 (0.44%) *Call money and bills sold + Borrowed money
Interest Rate Spread Analysis (International) Interest earning assets & bearing liabilities [Non-consolidated] Interest rate spread [Non-consolidated] Interim (Yield) Interim (Yield) Change % 1 Net Interest Income 110.8 97.7 (13.1) 2 Av. Int. Earning Assets 13,651.7 3.03% 14,162.2 2.63% 510.4 (0.40%) 3 Loans 5,489.3 2.74% 5,191.1 2.70% (298.2) (0.04%) 4 Call loans 285.2 1.43% 291.2 1.33% 6.0 (0.10%) 5 Securities 3,499.7 3.08% 3,615.5 2.98% 115.7 (0.10%) 6 Due from banks 2,530.8 1.57% 2,277.3 1.72% (253.5) 0.14% 7 Av. Int. Bearing Liabil. 13,704.2 1.41% 14,146.7 1.25% 442.4 (0.15%) 8 Deposits 9,303.0 1.06% 10,095.6 1.14% 792.5 0.07% 9 CDs 162.0 2.02% 238.7 1.99% 76.7 (0.02%) 10 Payables under repo transac. 1,140.5 1.85% 877.8 1.61% (262.6) (0.23%) 11 Others* 1,174.5 1.62% 1,040.8 1.57% (133.7) (0.05%) *Call money and bills sold + Borrowed money Interim Interim Change 1 Avg. int. rate on int. earning assets (A) 3.03% 2.63% (0.40%) 2 Avg. int. rate on Loans (B) 2.74% 2.70% (0.04%) 3 Avg. int. rate on Investment Sec. 3.08% 2.98% (0.10%) 4 Avg. int. rate on int. bearing liabilities (C) 2.46% 2.29% (0.16%) 5 Avg. int rate on Deposits, NCD, Debenture (D) 1.08% 1.16% 0.08% 6 Expense Ratio 1.51% 1.42% (0.09%) 7 Avg. int. rate spread (A) - (C) 0.57% 0.33% (0.24%) 8 Avg. loans and deposits spread (B) - (D) 1.66% 1.53% (0.12%) 8
9 Non-Interest Income [Non-consolidated] Interim Interim Change % 1 Fees and Commissions 73.3 92.5 19.2 26.2% 2 Domestic 43.4 60.8 17.3 39.8% 3 International 29.8 31.7 1.8 6.3% 4 Net trading profit 28.1 29.2 1.0 3.7% 5 Domestic 1.7 (1.2) (3.0) (171.3%) 6 International 26.4 30.5 4.1 15.5% 7 Net other business income 46.3 34.3 (11.9) (25.8%) 8 (Net Securities Gains) (18.0) 23.1 41.2 228.1% 9 (Net Derivatives Gains) 22.3 (29.1) (51.4) (230.3%) 10 Domestic (31.4) 14.3 45.8 145.5% 11 Net Securities Gains (22.9) 17.3 40.3 175.6% 12 International 77.7 20.0 (57.7) (74.2%) 13 Net Foreign Exchange Gains 41.7 38.0 (3.7) (8.8%) 14 Net Securities Gains 4.9 5.7 0.8 18.2% 15 Net Unrealized Gains on Bonds* (59.2) (1.1) 58.0 98.0% *Marketable securities available for sale (including foreign bonds)
10 G&A Expenses, Personnel and Branch Numbers [Non-consolidated] Interim Interim Change % 1 General & Administrative Expenses 232.3 237.6 5.2 2.2% 2 Personnel Expenses 89.5 89.2 (0.2) (0.2%) 3 Non-personnel Expenses 130.2 135.8 5.5 4.2% 4 Depreciation 29.2 30.8 1.5 5.4% 5 Deposit Insurance 16.3 17.6 1.2 7.6% 6 Rent Expenses 18.4 19.2 0.8 4.3% 7 Supplies Expenses 2.4 2.2 (0.2) (9.1%) 8 Marketing Expenses 2.5 2.0 (0.4) (19.5%) 9 Taxes 12.5 12.4 0.0 (0.7%) 450 400 350 300 250 200 150 100 50 0 Branch Numbers Mar'00 Mar'01 Mar'02 Mar'03 Mar'04 Sep'04 Domestic International 10 Total numbers of branches, etc. 346 340 (6) (1.7%) 11 Domestic 273 267 (6) (2.1%) 12 Branches 254 247 (7) (2.7%) 13 Sub-branches 19 20 1 5.2% 14 International 73 73 - - 15 Branches 42 42 - - 16 Sub-branches 14 15 1 7.1% 17 Rep. office 17 16 (1) (5.8%) 18 Number of employees* 15,062 14,351 (711) (4.7%) * Excluding temporary employees 20,000 16,000 12,000 8,000 4,000 0 Personnel Numbers Mar'00 Mar'01 Mar'02 Mar'03 Mar'04 Sep'04
11 Reserve Ratio [ Non-consolidated] Mar. 31, 2003 Mar. 31, 2004 Sep. 30, 2004 (A) (B) (C) Change (C-A) Change (C-B) 1 Normal 0.15% 0.13% 0.12% (0.03%) (0.01%) 2 Close Watch 8.83% 9.38% 6.38% (2.44%) (3.00%) 3 (Excluding Secured Assets) 14.79% 15.08% 12.47% (2.32%) (2.60%) 4 Close Watch* 3.88% 5.16% 4.75% 0.86% (0.41%) 5 (Excluding Secured Assets) 6.91% 9.05% 9.32% 2.40% 0.27% 6 Internal Rating 10 1.97% 2.10% 2.10% 0.13% 0.00% 7 Internal Rating 11 7.20% 11.10% 9.94% 2.74% (1.15%) 8 Borrowers with claims under close observation 20.90% 21.68% 16.56% (4.33%) (5.11%) 9 (Excluding Secured Assets) 30.63% 28.02% 31.46% 0.82% 3.43% Under high risk of Bankruptcy (Excluding Secured Assets) 10 69.38% 61.19% 44.98% (24.39%) (16.21%) * Close Watch is classified into two ratings based on the credit profile of borrowers Note : Above figures excluding certain mortgage and consumer loans
Valuation Differences on Securities/Redemption Schedule of Bonds Valuation Differences on Securities* [Non-consolidated] As of Sep 30,2004 As of March 31,2004 Redemption Schedule of Bonds* 1 [ Non-consolidated] Due within Due after 1 year Due after 5 year Due after Total Valuation difference Valuation difference (A) (A)-(B) Gains Losses (B) Gains Losses 1 Debt securities being held to maturity 8.2 7.5 8.2 0.0 0.6 1.9 1.2 2 Securities available for sale 526.6 (111.6) 653.6 126.9 638.3 759.1 120.8 3 Domestic equity securities 498.3 (101.5) 582.6 84.2 599.8 674.6 74.7 4 Domestic bonds 0.9 15.9 21.5 20.5 (15.0) 21.0 36.0 5 Other 27.3 (26.1) 49.5 22.1 53.4 63.5 10.0 6 Total 534.9 (104.0) 661.8 126.9 638.9 759.1 120.8 7 Domestic equity securities 498.3 (101.5) 582.6 84.2 599.8 674.6 74.7 8 Domestic bonds 8.8 23.5 29.3 20.5 (14.6) 22.6 37.2 9 Other 27.6 (26.0) 49.8 22.1 53.7 63.8 10.0 1 year through 5 years through 10 years 10 years Change from 03/03 1 Domestic bonds 10,838.7 6,885.3 1,010.1 827.0 19,561.1 4,753.3 2 Government bonds 10,245.9 5,432.9 928.4 * 2 817.5 17,424.8 4,475.2 3 Municipal bonds 53.6 102.3 16.8-172.8 (34.5) 4 Corporate bonds 539.1 1,349.9 64.8 9.4 1,963.4 312.6 5 Other bonds 527.7 1,482.4 228.2 877.3 3,115.8 770.5 6 Total 11,366.4 8,367.7 1,238.4 1,704.3 22,677.0 5,523.8 * 1 Bonds classified as securities available for sale and being held to maturity * 2 Including 554.6(yen bn) 15y floating rate JGBs *The equity securities available for sale of subsidiaries and affiliated companies are excluded Appendix : Valuation Differences on Equity Securities Available for Sale of Subsidiaries and Affiliated Companies At September 30, 2004 (in millions) Amount in the balance sheet Market value Differences Subsidiaries 378,967 865,446 486,478 Affiliated Companies 2,820 12,416 9,595 Total 381,788 877,862 496,074 At March 31, 2004 (in millions) Amount in the balance sheet Market value Differences Subsidiaries 378,967 861,344 482,376 Affiliated Companies 3,048 14,180 11,131 Total 382,016 875,524 493,508 12
13 Derivatives which Qualify for Hedge-Accounting Derivatives which qualify for hedge-accounting [Non-consolidated] Notional principal or contract amount As of Sep 30,2004 Market value 1 Interest Rate Futures 5,839.2 (1.2) 2 Interest Rate Swaps 24,050.3 97.4 3 Others(Interest rate-related) 11.6 0.0 4 Others(Exclude Interest rate-related) 3,272.2 (19.0) 5 Total 77.1 Deferred gains(losses) for derivatives As of Sep 30,2004 Note: Including the deferred gains/losses for derivatives which had been qualified for macro-hedgeaccounting as well as being qualified hedge-accounting Deferred hedge Deferred hedge Deferred hedge profit loss profit and loss 1 Interest Rate Futures 10.5 11.0 (0.5) 2 Interest Rate Swaps 205.4 182.8 22.5 3 Others(Interest rate-related) 0.1 0.1 0.0 4 Others(Exclude Interest rate-related) 24.3 22.0 2.2 5 Total 240.3 216.1 24.2 Residual schedule of notional principal classified as interest rate swap [Non-consolidated] Due within 1 year Due after 1 year Due after 5 years Total through 5 years As of Sep 30,2004 1 Receivable fixed rate/payable floating rate 5,297.0 10,904.6 1,174.9 17,376.5 2 Receivable floating rate/payable fixed rate 3,197.8 1,985.6 1,480.3 6,663.8 3 Receivable floating rate/payable floating rate 0.0 10.0 0.0 10.0 4 Total 8,494.8 12,900.2 2,655.2 24,050.3
Exposures for Asia/South America/Russia by Nationality of Borrowers [Consolidated] (U$ Million) Total Exposure (a) Total Exposure (b) Country Exposure (c)* (c)/(a) 04/9 Short Term Mid/Long Term Japanese Non-Japanese Financial Institution 04/3 Change (a) - (b) % 04/3 1 a. Thailand 3,198 1,775 1,423 2,077 1,050 71 2,633 565 21.5% 1,911 59.8% 2 100.0% 55.5% 44.5% 64.9% 32.8% 2.2% 3 b. Indonesia 1,289 971 318 967 307 15 1,113 176 15.8% 246 19.1% 4 100.0% 75.3% 24.7% 75.0% 23.8% 1.1% 5 c. Malaysia 1,710 728 982 697 911 102 1,631 79 4.8% 769 45.0% 6 100.0% 42.6% 57.4% 40.8% 53.3% 6.0% 7 d. Philippines 707 350 357 176 370 161 771 (65) (8.4%) 375 53.0% 8 100.0% 49.5% 50.5% 24.9% 52.4% 22.7% 9 e. Korea 2,420 1,601 819 502 1,200 718 2,636 (216) (8.2%) 1,874 77.4% 10 100.0% 66.2% 33.8% 20.7% 49.6% 29.7% 11 (Sub-Total a-e) 9,323 5,424 3,899 4,419 3,838 1,066 8,785 539 6.1% 5,175 55.5% 12 100.0% 58.2% 41.8% 47.4% 41.2% 11.4% 13 f. Singapore 4,001 2,459 1,542 2,041 1,692 268 4,413 (412) (9.3%) 2,136 53.4% 14 100.0% 61.5% 38.5% 51.0% 42.3% 6.7% 15 g. Hong Kong 4,768 2,578 2,190 2,140 2,431 197 4,829 (62) (1.3%) 2,761 57.9% 16 100.0% 54.1% 45.9% 44.9% 51.0% 4.1% 17 h. Taiwan 935 759 176 320 345 270 943 (8) (0.8%) 278 29.7% 18 100.0% 81.2% 18.8% 34.2% 36.9% 28.9% 19 i. China 3,653 2,818 835 2,043 846 764 3,038 615 20.2% 1,666 45.6% 20 100.0% 77.1% 22.9% 55.9% 23.2% 20.9% 21 (Total a-i) 22,679 14,037 8,642 10,963 9,152 2,564 22,008 672 3.1% 12,016 53.0% 22 100.0% 61.9% 38.1% 48.3% 40.4% 11.3% 25 j. Argentina 167 65 102 43 103 21 206 (39) (18.9%) 82 49.1% 26 100.0% 38.9% 61.1% 25.7% 61.7% 12.6% 27 k. Brazil 748 405 343 128 372 248 1,032 (284) (27.5%) 752 100.5% 28 100.0% 54.1% 45.9% 17.1% 49.8% 33.1% 29 l. Mexico 949 360 589 237 629 83 942 7 0.7% 446 47.0% 30 100.0% 38.0% 62.0% 25.0% 66.3% 8.7% 31 (Total j-l) 1,864 830 1,034 408 1,104 352 2,180 (316) (14.5%) 1,280 68.7% 32 100.0% 44.5% 55.5% 21.9% 59.2% 18.9% 33 Russia 228 110 118 13 73 142 181 47 26.0% 185 81.1% 34 100.0% 48.2% 51.8% 5.7% 32.1% 62.2% 33 Turkish 461 282 179 41 150 270 441 20 4.5% 278 60.3% 34 100.0% 61.2% 38.8% 8.9% 32.5% 58.6% *Country Exposure = (Loan + Acceptances & Guarantees + Trade credit + Securities) - (Exposures in local Ccy + Exposures secured by insurance or guarantee on transfer risk + Exposures secured by deposit in local Ccy 14
15 Financial Data of Mitsubishi Securities Consolidated Consolidated Financial Financial Summary Summary Clients Clients assets assets in in custody custody Consolidated Financial Summary (in millions of Yen) Fiscal 03' Fiscal 04' Change(%) Interim Interim Operating revenue 67,726 67,384 (0.50%) Net revenue 65,597 59,763 (8.89%) Selling,general & administrative expenses 48,874 50,937 4.22% Operating income(loss) 16,722 8,826 (47.21%) Ordinary income(loss) 17,936 10,736 (40.14%) Net income(loss) 20,524 11,438 (44.27%) Total assets 4,590,878 7,753,896 68.89% Shareholders equity 357,439 381,332 6.68% Earning(loss) per share(yen) 44.13 24.51 (19.62) Shareholders equity per share(yen) 768.36 817.33 48.97 (Yen billion) 12,000 10,000 8,000 6,000 4,000 2,000 0 Mar-01 Mar-02 Mar-03 Mar-04 Sep-04 Equities Bonds Mutual Funds Note: The figures of 2001,2002 are the former KOKUSAI Securities. Equities and Bonds are based on the market value, and Mutual funds are the principal amount.
16 Financial Data of UnionBanCal Corporation [UNIONBANCAL CORPORATION Consolidated Financial Highlights ] (USD million) FY2003 FY2004 FY2001 FY2002 FY2003 Interim Interim Change 1 Net Interest Income (A) 1,526 1,564 1,571 777 801 24 2 Noninterest Income (B) 668 685 794 388 542 153 3 Noninterest Expense (C) 1,191 1,296 1,408 693 749 55 4 (A)+(B)-(C) 1,002 952 957 473 594 121 5 Provision for credit losses 285 175 75 55 (15) (70) 6 Income before tax 717 777 882 418 609 191 7 Income tax expense and Taxable-equivalent adjustment 235 249 295 137 221 83 8 Net Income 481 527 587 280 388 108 9 BIS ratio 13.35% 12.93% 14.14% 13.06% 13.07% 0.01% 10 Tier 1 ratio 11.47% 11.18% 11.31% 11.44% 10.46% (0.98%) 11 N.P.A / Total Assets 1.37% 0.84% 0.68% 0.89% 0.40% (0.49%) 12 Earnings per share $3.04 $3.38 $3.90 $1.85 $2.59 $0.74 (USD Million) 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 (USD Million) 10,000 8,000 6,000 Balance* Balance* of of Deposits Deposits 2001 2002 2003 H1 2004 Noninterest Bearing Interest Bearing *Average balance for the last quarter term Balance Balance of of Residential Residential Mortgage Mortgage Loan Loan 4,000 2,000 0 2001 2002 2003 H1 2004
17 Retail Data (1) 28,000 27,000 Balance of Domestic Individual Deposits in Yen + 420bn. + 420bn. (03/9-04/9) (03/9-04/9) 26,000 25,000 24,000 23,000 22,000 21,000 20,000 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 Balance of Super Deposit Accounts Balance of Individual Deposits in Foreign Currency - 17bn. - 17bn. 800 (03/9-04/9) (03/9-04/9) 750 700 650 600 550 500 450 400 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 # of accounts of BTM Direct 2,650ths. Accounts 2,650ths. Accounts + 1,200bn. 9,000 + 1,200bn. At 09.30.2004 At 09.30.2004 8,000 (03/9-04/9) (03/9-04/9) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 (Thousand) +383ths. +383ths. 2,500 (03/9-04/9) (03/9-04/9) 2,000 1,500 1,000 500 0 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04
18 Retail Data (2) Balance of Residential Mortgage Loan* 8,000 + 310bn. + 310bn. 7,000 (03/9-04/9) (03/9-04/9) 6,000 5,000 4,000 3,000 2,000 1,000 0 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 *Excluding construction loan for rental properties Mar-04 Sep-04 Balance of Investment Trust Sales* 900 + 170bn. + 170bn. 800 (03/9-04/9) 700 (03/9-04/9) 600 500 400 300 200 100 0 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 *Market value basis 900 800 700 600 500 400 300 200 100 0 600 500 400 300 200 100 Volume of New Residential Mortgage Loan * 560bn. 560bn. (FY 04 1H) (FY 04 1H) FY01 1H FY01 2H FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H *Excluding construction loan for rental properties Balance of Equity Investment Trust Sales* + 230 bn. + 230 bn. (03/9-04/9) (03/9-04/9) 0 Sep-02 Mar-03 Sep-03 Mar-04 Sep-04 *Market value basis
19 Part 2:Mitsubishi Trust (P22-36)
20 Summary of Financial Results (1) [Non-consolidated] Interim Interim Change % 1 Gross Profits 170.1 154.9 (15.2) (8.9%) 2 (Gross Ordinary Profit before Trust Accounts Charge-Offs) (A)* 178.6 157.3 (21.2) (11.9%) 3 Trust Fees 27.8 37.5 9.7 35.0% 4 (Trust Fees before Trust Accounts Charge-Offs)* 36.2 39.9 3.6 10.0% 5 (Credit Related Costs for Trust Accounts)** (1) (8.4) (2.3) 6.0 72.2% 6 Net Interest Income 103.3 90.9 (12.4) (12.0%) 7 Net Fees and Commissions 18.4 24.9 6.5 35.2% 8 Net Trading Profits 1.1 3.6 2.5 227.6% 9 Net Other Business Income 19.4 (2.1) (21.5) (110.8%) 10 Net Gains(Losses) on Dedt Securities 15.6 4.8 (10.7) (68.6%) 11 General and Administrative Expenses(B) 77.3 70.1 (7.2) (9.3%) 12 Expense Ratio (B) / (A) 43.28% 44.57% +1.28points 2.9% Net Business Profits before Credit Costs for Trust Accounts and Provision for Formula Allowance for Loan Losses ((1)+(2)+(3)) 13 101.3 87.2 (14.0) (13.9%) 14 Provision for Formula Allowance for Loan Losses (2) 2.1 (2.1) 15 Net Business Profit (3) 94.9 84.8 (10.1) (10.6%) * Amounts before credit costs for loans in trusts with contracts for compensating the principal (We express in positive % figures when negative amount decreased) ** Credit costs for loans in trusts with contracts for compensating the principal
Summary of Financial Results (2) [Non-consolidated] Interim Interim Change % 1 Net Non-Recurring Gains (Losses) (20.2) (25.2) (5.0) (24.8%) 2 Net Gains (Losses) on Equity Securities 0.9 (4.5) (5.4) (602.7%) 3 Net Gains(Losses) on Equity Securities 3.7 5.2 1.4 39.9% 4 Losses on Write Down of Equity Securities (2.8) (9.7) (6.9) (248.2%) 5 Credit Related Costs for Banking Accounts (4) (11.5) (14.3) (2.7) (23.7%) 6 Others (9.5) (6.3) 3.2 33.5% 7 Ordinary Profits(Losses) 74.7 59.6 (15.1) (20.2%) 8 Net Special Gains (4.0) 4.8 8.9 219.2% 9 Profit on Recoveries of Charged-offs Claims 2.7 3.8 1.1 40.1% 10 Reversal of allowance for loan losses (5) 4.6 4.6 11 Expenses for Retirement Benefits (2.5) (2.5) 0.0% 12 Refund of enterprise taxes by the Tokyo Metropolitan Government 9.8 (9.8) 13 Losses on impairment of fixed assets 0.0 0.0 14 Net Losses on Retirement Benefits Trust Foundation (10.9) 10.9 15 Gain (Loss) before Income Taxes and Others 70.6 64.5 (6.1) (8.7%) 16 Income Taxes-current (18.8) 12.3 31.2 165.1% 17 Income Taxes Refund 18 Income Taxes-deferred 28.6 22.0 (6.5) (23.0%) 19 Net Income(Losses) 60.9 30.1 (30.7) (50.4%) 20 Total Credit Costs ((1)+(2)+(4)+(5)) 17.8 11.9 (5.9) (33.1%) 21 (We express in positive % figures when negative amount decreased)
22 Summary of Financial Results (3) [Non-consolidated] Fiscal '03 Fiscal '04 interim (04/3) (04/9) Change % 1 Total Assets 19,364.2 18,272.0 (1,092.1) (5.6%) 2 Loans and Bills Discounted 8,573.1 8,646.8 73.6 0.8% 3 Investment Securities 7,416.3 6,817.5 (598.8) (8.0%) 4 Japanese Government Bonds 2,034.8 2,511.3 476.4 23.4% 5 Domestic Equity Securities 907.8 860.2 (47.5) (5.2%) 6 Other Assets 783.9 540.8 (243.0) (31.0%) 7 Deferred Tax Assets 185.2 209.5 24.2 13.0% 8 Allowance for Loan Losses (201.9) (191.9) 10.0 4.9% 9 Total Liabilities 18,385.6 17,356.1 (1,029.4) (5.6%) 10 Deposits 10,844.7 10,466.0 (378.7) (3.4%) 11 Payables under Repurchase Agreements 503.9 653.1 149.1 29.5% 12 Short Term Bonds and Notes 40.0 71.3 31.3 78.2% 13 Bonds and Notes 242.8 283.8 41.0 16.8% 14 Due to Trust Account 1,380.2 1,367.4 (12.8) (0.9%) 15 Other Liabilities 474.0 326.9 (147.1) (31.0%) [Non-consolidated] Fiscal '03 (04/3) (04/9) Change % 1 Total Shareholder's Equity 978.5 915.9 (62.6) (6.4%) 2 Capital Stock 324.2 324.2 - - 3 Capital Surplus 274.7 274.7 - - 4 Retained Earnings 202.3 206.8 4.5 2.2% 5 Earned Surplus Reserve 49.5 49.5 - - 6 General-Purpose Reserve 19.2 109.2 89.9 468.5% 7 Unappropriated Retained Earnings (Losses) at the end of period Fiscal '04 Interim 133.6 48.1 (85.4) (63.9%) 8 Land Revaluation Excess (9.4) (9.0) 0.3 3.4% Unrealized Gains (Losses) on Securities 9 186.6 119.1 (67.4) (36.1%) Available for Sale
23 Interest Rate Spread Analysis (Domestic & International) Interest earning assets & bearing liabilities [Non-consolidated] Interest rate spread [Non-consolidated] Interim (Yield) Interim (Yield) Change % 1 Net Interest Income 103.3 90.9 (12.4) 2 Av. Int. Earning Assets 18,220.8 1.65% 16,227.5 1.52% (1,993.2) 12bp 3 Loans 8,197.5 1.19% 8,489.9 1.12% 292.3 7bp 4 Securities 7,433.3 2.28% 6,097.4 2.04% (1,335.9) 24bp 5 6 Japanese Government Bonds Domestic Equity Securities 1,954.2 0.96% 2,329.7 0.47% 375.5 48bp 888.9 0.73% 732.4 1.11% (156.4) 38bp 7 Due from banks 956.8 1.28% 953.4 1.52% (3.4) 23bp Interim Interim Change 1 Avg. int. rate on int. earning assets (A) 1.65% 1.52% 12bp 2 Avg. int. rate on Loans (B) 1.19% 1.11% 7bp 3 Avg. int. rate on Investment Sec. 2.28% 2.04% 24bp 4 Avg. int. rate on int. bearing liabilities (C) 0.51% 0.40% 11bp 5 Avg. int rate on Deposits, NCD, Debenture (D) 0.30% 0.32% 1bp 6 Avg. interest rate spread (A) - (C) 1.13% 1.12% 1bp 7 Avg. loans and deposits spread (B) - (D) 0.88% 0.79% 8bp 8 Av. Int. Bearing Liabil. 18,363.0 0.51% 16,408.8 0.40% (1,954.1) 11bp 9 Deposits 11,092.4 0.33% 10,647.5 0.34% (444.9) 0bp 10 CDs 1,396.9 0.09% 1,323.4 0.15% (73.4) 5bp 11 Payables under repo transac. 417.9 1.25% 369.4 0.44% (48.4) 80bp 12 Others* 1,316.9 0.77% 1,213.3 0.54% (103.5) 23bp *Call money and bills sold + Borrowed money
24 Interest Rate Spread Analysis (Domestic) Interest earning assets & bearing liabilities [Non-consolidated] Interest rate spread [Non-consolidated] Interim (Yield) Interim (Yield) Change % 1 Net Interest Income 48.3 53.5 5.2 2 Av. Int. Earning Assets 13,160.8 0.92% 13,118.3 0.96% (42.4) 4bp 3 Loans 7,521.3 1.10% 7,965.5 1.05% 444.1 5bp 4 Securities 3,541.5 0.92% 3,630.7 1.00% 89.1 7bp 5 6 Japanese Government Bonds Domestic Equity Securities 1,954.2 0.96% 2,329.7 0.47% 375.5 48bp 888.9 0.73% 732.4 1.11% (156.4) 38bp 7 Call Loans 62.2 0.01% 89.3 0.00% 27.1 0bp Interim Interim Change 1 Avg. int. rate on int. earning assets (A) 0.92% 0.96% 4bp 2 Avg. int. rate on Loans (B) 1.10% 1.05% 5bp 3 Avg. int. rate on Investment Sec. 0.92% 1.00% 7bp 4 Avg. int. rate on int. bearing liabilities (C) 0.18% 0.15% 3bp 5 Avg. int rate on Deposits, NCD, Debenture (D) 0.14% 0.11% 2bp 6 Avg. interest rate spread (A) - (C) 0.73% 0.81% 7bp 7 Avg. loans and deposits spread (B) - (D) 0.95% 0.93% 2bp 8 Av. Int. Bearing Liabil. 13,286.9 0.18% 13,272.0 0.15% (14.9) 3bp 9 Deposits 9,364.0 0.16% 9,161.8 0.13% (202.2) 2bp 10 CDs 1,370.9 0.03% 1,271.9 0.02% (99.0) 0bp 11 Payables under repo transac. 102.9 0.00% 193.0 0.00% 90.1 0bp 12 Others* 651.9 0.33% 855.1 0.26% 203.2 7bp *Call money and bills sold + Borrowed money
25 Interest Rate Spread Analysis (International) Interest earning assets & bearing liabilities [Non-consolidated] Interest rate spread [Non-consolidated] Interim (Yield) Interim (Yield) Change % 1 Net Interest Income 54.9 37.3 (17.6) 2 Av. Int. Earning Assets 6,581.2 2.76% 4,243.7 2.87% (2,337.5) 11bp 3 Loans 676.2 2.20% 524.3 2.13% (151.8) 6bp 4 Call Loans 12.5 1.09% 12.7 1.69% 0.2 60bp 5 Securities 3,891.7 3.52% 2,466.7 3.57% (1,425.0) 4bp 6 Due from banks 918.2 1.34% 940.8 1.54% 22.6 20bp 7 Av. Int. Bearing Liabil. 6,597.2 1.08% 4,271.2 1.10% (2,325.9) 20bp Interim Interim Change 1 Avg. int. rate on int. earning assets (A) 2.76% 2.87% 11bp 2 Avg. int. rate on Loans (B) 2.20% 2.13% 6bp 3 Avg. int. rate on Investment Sec. 3.52% 3.57% 4bp 4 Avg. int. rate on int. bearing liabilities (C) 1.08% 1.10% 2bp 5 Avg. int rate on Deposits, NCD, Debenture (D) 1.28% 1.69% 41bp 6 Avg. interest rate spread (A) - (C) 1.67% 1.76% 8bp 7 Avg. loans and deposits spread (B) - (D) 0.91% 0.43% 47bp 8 Deposits 1,728.4 1.26% 1,485.7 1.64% (242.7) 37bp 9 CDs 25.9 3.16% 51.5 3.30% 25.6 13bp 10 Payables under repo transac. 314.9 1.66% 176.4 0.93% (138.5) 72bp 11 Others* 664.9 1.21% 358.1 1.22% (306.7) 0bp *Call money and bills sold + Borrowed money
26 Non-Interest Income Trust Fees [Non-consolidated] Interim Interim Change % 1 Trust Fees 27.8 37.5 9.7 35.0% 2 Loan Trusts & Jointly Operated Money Trusts 10.7 19.5 8.7 81.6% 3 (Before Trust account charge-offs) * 19.1 21.8 2.6 14.0% 4 Pension Trusts, Investment Trusts, etc 14.9 15.8 0.9 6.1% 5 Real Estate Trusts and others 2.1 2.1 0.0 1.8% Fee income ratio*: 27.3% (Change from fiscal 03 interim:+7.4points) * (Net fees and commissions + Trust fees - Trust fees from loan trust and jointly operated money trust) Gross profits before trust accounts charge-offs 6 Credit Related Costs for Trust Accounts (8.4) (2.3) 6.0 (72.2%) * Fees from loan trusts and jointly operated money trusts + charge-offs of loan losses in the trust account Fees and Commissions [Non-consolidated] Interim Interim Change % 1 Fees and Commissions 18.4 24.9 6.5 35.2% 2 Stock Transfer Agency 7.5 9.1 1.6 21.4% 3 Real Estate 5.0 6.8 1.7 35.6% 4 Securities Transfer 1.8 3.0 1.2 66.2% 5 Others 4.0 5.9 1.8 46.8% Stock Transfer Agency Business and Real Estate Business Interim Interim Change % 1 Stock Transfer Agency Number of companies represented 936 950 14 1.5% 2 Business Number of shareholders under management (million) 6.3 6.5 0.2 3.5% 3 Real Estate Business Transaction value 115.8 146.3 30.5 26.3%
27 G&A Expenses, Personnel and Branch Numbers [Non-consolidated] Interim Interim Change % 1 General & Administrative Expenses 77.3 70.1 (7.2) (9.3%) 2 Personnel Expenses 31.3 25.0 (6.2) (19.9%) 3 Non-personnel Expenses 43.3 40.9 (2.3) (5.3%) 4 Depreciation 7.1 7.8 0.6 9.5% 5 Deposit Insurance Fee 4.5 4.4 (0.1) (2.7%) 6 Taxes 2.6 4.0 1.3 51.5% 7 Total numbers of branches, etc. 58 54 (4) (6.8%) 8 Domestic 50 46 (4) (8.0%) 9 Branches 48 44 (4) (8.3%) 10 Sub-branches 2 2 11 International 8 8 12 Branches 5 5 13 Sub-branches - - 14 Rep. office 3 3-15 Number of employees* 6,092 5,850 (242) (3.9%) * Excluding temporary employees
28 Reserve Ratio [Banking account : Non-consolidated] Sep. 30, 2002 Mar. 31, 2003 Sep. 30, 2003 Mar. 31, 2004 Sep. 30, 2004 (A) (B) (C) (D) (E) Change (E-D) Change (E-C) 1 Normal 0.22% 0.22% 0.25% 0.19% 0.15% (0.04%) (0.10%) 2 Close Watch 8.02% 7.85% 8.51% 9.49% 5.48% (4.01%) (3.03%) 3 (Excluding Secured Assets) 14.66% 14.57% 17.30% 18.22% 14.94% (3.28%) (2.36%) 4 Close Watch* 4.34% 3.80% 4.34% 3.69% 3.52% (0.17%) (0.82%) 5 (Excluding Secured Assets) 7.83% 6.90% 8.87% 7.57% 8.93% 1.36% 0.06% 6 Internal Rating 10 3.49% 3.00% 3.53% 2.60% 2.31% (0.29%) (1.22%) 7 Internal Rating 11 8.46% 7.01% 9.15% 9.40% 9.58% 0.18% 0.43% 8 Borrowers with claims under close observation 16.00% 16.67% 18.44% 19.94% 10.25% (9.69%) (8.19%) 9 (Excluding Secured Assets) 30.05% 32.54% 37.03% 34.37% 34.14% (0.23%) (2.89%) 10 Under high risk of Bankruptcy (Excluding Secured Assets) 82.98% 76.33% 77.03% 73.67% 75.87% 2.20% (1.16%) * Close Watch is classified into two ratings based on the credit profile of borrowers
Valuation Differences on Securities/Redemption Schedule of Bonds Valuation Differences on Securities [Non-consolidated] As of September 30,2004 As of March 31,2004 Valuation difference Valuation difference (A) (A)-(B) Gains Losses (B) Gains Losses 1 Debt securities being held to maturity 5.9 (0.9) 5.9-6.8 6.8 0.0 2 Securities available for sale 200.8 (113.7) 234.1 33.2 314.6 337.9 23.3 3 Domestic equity securities 142.1 (53.0) 166.3 24.2 195.1 213.6 18.5 4 Domestic bonds 23.1 4.7 23.9 0.7 18.4 19.6 1.2 5 Other 35.5 (65.4) 43.8 8.3 101.0 104.5 3.5 6 Total 206.8 (114.7) 240.0 33.2 321.5 344.8 23.3 7 Domestic equity securities 142.1 (53.0) 166.3 24.2 195.1 213.6 18.5 8 Domestic bonds 28.8 4.4 29.6 0.7 24.3 25.6 1.2 9 Other 35.8 (66.1) 44.1 8.3 101.9 105.4 3.5 Redemption Schedule of Bonds * [Non-consolidated] Due within Due after 1 year Due after 5 year Due after Total 1 year through 5 years through 10 years 10 years Change from Mar.04 10 Domestic bonds 1,183.7 957.2 620.9 217.4 2,979.4 506.7 11 Government bonds 1,109.5 687.6 498.5 215.5 2,511.3 476.4 12 Municipal bonds 15.6 56.1 71.1-142.9 (7.7) 13 Corporate bonds 58.5 213.4 51.2 1.8 325.1 38.0 14 Other bonds 170.9 1,898.4 744.0 91.9 2,905.3 (1,057.0) 15 Total 1,354.6 2,855.7 1,365.0 309.3 5,884.7 (550.3) *Bonds classified as securities available for sale and being held to maturity 29
Derivatives which Qualify for Hedge-Accounting Derivatives which qualify for hedge-accounting [Non-consolidated] As of September 30,2004 Notional principal or contract amount Market value 1 Interest Rate Futures - - 2 Interest Rate Swaps 6,290.2 8.3 3 Currency Swap,etc. 1,707.9 (16.2) 4 Others(Interest rate-related) - - 5 Others(Exclude Interest rate-related) - - 6 Total (7.8) Residual schedule of notional principal classified as interest rate swap [Non-consolidated] As of September 30,2004 Due within 1 year Due after 1 year Due after 5 years Total through 5 years 7 Receivable fixed rate/payable floating rate 1,345.5 3,930.3 139.0 5,414.9 8 Receivable floating rate/payable fixed rate 199.4 484.3 191.3 875.2 9 Receivable floating rate/payable floating rate - - - - 10 Total 1,545.0 4,414.7 330.4 6,290.2 Deferred gains/losses for derivatives *1 [Non-consolidated] As of September 30,2004 Deferred hedge Deferred hedge Deferred hedge profit loss profit and loss 11 Interest Rate Futures - - - 12 Interest Rate Swaps 45.2 44.2 1.0 13 Currency Swap,etc. 1.2 0.7 0.4 14 Others(Interest rate-related) - 0.1 (0.1) 15 Others(Exclude Interest rate-related) - - - Total 46.4 45.1 1.2 *1 Including the deferred gains/losses for the derivatives which had been qualified for macro-hedge-accounting as well as being qualified for hedge-accounting 30
31 Exposures for Asia/South America by Nationality of Borrowers Total Exposure Sept. 04 Short Term Mid/Long Term Japanese Non-Japanese Financial Institution Total Exposure Mar.04 (US $ Million) Change % from Mar.04 1 a. Thailand 151 58 94 105 41 5 172 (21) (11.9%) 2 100.0% 38.0% 62.0% 69.6% 26.9% 3.5% 3 b. Indonesia 72 43 29 68 4-65 6 9.9% 4 100.0% 60.0% 40.0% 94.7% 5.3% - 5 c. Korea - - - - - - 2 (2) (100.0%) 6 - - - - - - 7 (Sub-Total a-c) 223 100 122 173 45 5 239 (16) (6.8%) 8 100.0% 45.1% 54.9% 77.7% 20.0% 2.4% 9 d. Malaysia 8-8 8 - - 9 (1) (9.0%) 10 100.0% - 100.0% 100.0% - - 11 e. Philippines 14-14 - 14-15 (1) (7.7%) 12 100.0% - 100.0% - 100.0% - 13 (Sub-Total a-e) 245 100 144 182 58 5 263 (18) (6.9%) 14 100.0% 41.0% 59.0% 74.1% 23.7% 2.1% 15 f. Singapore 146 27 118 141 2 2 137 9 6.2% 16 100.0% 18.7% 81.3% 97.0% 1.4% 1.7% 17 g. Hong Kong 115 71 43 108 6-115 (0) (0.0%) 18 100.0% 62.4% 37.6% 94.6% 5.4% - 19 h. Taiwan 73 73 - - - 73 178 (105) (59.1%) 20 100.0% 100.0% - - - 100.0% 21 i. China 33 26 7 6 4 24 115 (82) (71.3%) 22 100.0% 79.4% 20.6% 17.1% 10.7% 72.2% 23 (Total a-i) 611 298 313 437 70 104 808 (197) (24.4%) 24 100.0% 48.8% 51.2% 71.5% 11.4% 17.1% 25 j. Argentina 0 0 0-0 - 0-0.0% 26 100.0% 6.6% 93.4% - - - 27 k. Brazil 0-0 - 0-5 (5) (95.0%) 28 100.0% - 100.0% - 100.0% - 29 l. Mexico 11-11 - - 11 11-0.0% 30 100.0% - 100.0% - - 100.0% 31 (Total j-l) 11 0 11-0 11 16 (5) (29.4%) 32 100.0% 0.1% 99.9% - 3.1% 96.9% *MTB does not have any exposure for Russia.
32 (Including MTBJ: Master Trust Bank of Japan) Fiduciary Asset Management Businesses (book-value/principal basis) Balance of Fiduciary Assets under Management (Yen Trillion) Mar. 31, Sept. 30, 2004 2004 Change 1 Total balance of fiduciary assets under management 56.3 59.1 2.8 2 Asset Management 15.3 15.5 0.2 3 Corporate pensions,etc 8.0 8.0 0.0 4 Pension Trust:Tax-qualified pensions, Employees' pension funds & Defined benefit corporate pensions *2 7.6 7.6 0.0 5 Public pensions, Public funds, etc. 7.3 7.5 0.2 6 Asset Administration 41.0 43.6 2.6 7 Corporate pensions,etc 7.6 8.5 0.9 8 Specified Money Trust for Pension:Tax-qualified pensions, Employees' pension funds, Defined benefit corporate pensions & Defined contribution pensions 6.9 7.7 0.8 9 Investment trusts 9.5 10.6 1.1 10 Public pensions, Public funds, Financial institutions, Non-profit corporations, 17.8 18.9 1.1 11 Other trust assets(securities trusts, Retirement benefit trust, etc.) 6.0 5.6 (0.4) (Yen tn) Balance of Corporate Pension Funds 16 14 12 10 8 6 4 2 0 Pension Trusts Specified Money Trusts for Pension March 2002 March 2003* March 2004* Sept 2004* Shares for main business of Fiduciary Asset Management Business * Including Defined benefit corporate pension from September, 2002 Balance of Security Specified Money Trusts & Investment Trusts Pension Trust MTB 20 % Specified Money Trust for Pension MTB 32% Privately Placed Investment Trust MTB 28 % Publicly Placed Mutual Funds Security Specified Money Ytusts (Yen tn) 16.0 14.0 12.0 10.0 8.0 Privately Placed Mutual Funds 6.0 4.0 2.0 0.0 Mar-02 Mar-03 Mar-04 Sep-04 (Figures are estimated by MTB)
33 2.5 2.0 1.5 1.0 Trust Related Businesses Balance of Mutual Funds Sale and Individual Annuity Insurance (Yen bn) 800 700 600 500 400 300 200 100 0 Individual Annuity Insurance Mutual Funds for Individuals Mar-02 Mar-03 Mar-04 Sept-04 Balance of Entrusted Assets in Real Estate Custody (Yen tn) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 (Contracts) 0 (Thousand shareholders) 7,000 6,500 6,000 5,500 5,000 Number of Testamentary Trust Contracts (with execution) Mar-02 Mar-03 Mar-04 Sept-04 Stock Transfer Agency : Number of Clients* & Shareholders* 870 5,949 6,257 No. of Shareholders No. of Clients 910 916 6,365 950 6,517 (Clients) 1,000 900 800 700 600 (Thousand households) 300 250 200 150 100 50 0 Number of Memberships in The Excellent Club Mar-02 Mar-03 Mar-04 Sept-04 Balance of Securitization of Receivables (Yen tn) 5.0 4.0 3.0 2.0 Residential Mortgage Loan Claim Others 0.5 4,500 500 1.0 0.0 Mar-02 Mar-03 Mar-04 Sept-04 4,000 Mar-02 Mar-03 Mar-04 Sept-04 400 0.0 Mar-02 Mar-03 Mar-04 Sept-04 *Including foreign based stocks