Sumitomo Trust & Banking
I. Outlook of the financial results for the 1st half fiscal year 2003
1. Summary of the financial results for the 1st half fiscal year 2003
(Consolidated)
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Millions of Yen
--------------------------------------------------------
1HFY2003 1HFY2002 Change
----------------------------------------------------------------------------------------------------------------
Gross
profits 1 144,491 137,125 7,366
Net trust fees 2 31,627 26,618 5,008
Principal guaranteed trust a/c credit costs 3 2,239 16,514 -14,275
Net interest income 4 48,695 76,499 -27,803
Net fees and commissions 5 24,963 18,397 6,566
Net gains on trading 6 3,008 5,092 -2,083
Others 7 36,195 10,518 25,677
General & administrative expenses 8 66,545 68,094 -1,549
Net transfer to general reserves 9 - - -
Banking a/c credit costs 10 10,577 6,894 3,683
Net losses on direct write-offs 11 8,552 5,575 2,976
Net transfer to specific loan losses reserves 12 - - -
Losses on sale of loans to CCPC 13 - - -
Losses on sale of loans in bulk 14 -14 1,181 -1,195
Net transfer to reserves for loans to borrowers in
specific foreign countries 15 - - -
Other credit costs 16 2,039 137 1,902
Net gains on stocks 17 8,971 -16,943 25,915
Net income from non-consolidated entities by equity
method 18 -1,053 -258 -795
Others 19 -8,653 -4,545 -4,108
Net operating income 20 66,632 40,389 26,243
----------------------------------------------------------------------------------------------------------------
Extraordinary income 21 5,637 -29,527 35,164
Reversal of reserves 22 2,749 1,492 1,257
Net gains on securities contributed to employee
retirement benefit trust 23 - -29,023 29,023
Refund of Tokyo Metropolitan Government's Tax on
large banks 24 5,285 - 5,285
Net income before income taxes 25 72,270 10,862 61,407
Income taxes 26 532 581 -48
Deferred income taxes 27 28,932 3,759 25,173
Minority interest 28 1,843 1,305 538
Net income 29 40,961 5,216 35,744
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----------------------------------------------------------------------------------------------------------------
Total credit costs (3 + 9 +10 - 22) 30 10,067 21,917 -11,849
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----------------------------------------------------------------------------------------------------------------
Net business profit (1-8-9) 31 77,946 69,030 8,915
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Net business profit before credit costs (31+3+9) 32 80,186 85,545 -5,359
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(Number of subsidiaries/ affiliates)
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Sep. 2003 Mar. 2003 Change
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Consolidated subsidiaries 20 20 -
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Number of affiliates (subject to the equity method) 5 5 -
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(Non-consolidated)
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Millions of Yen
---------------------------------------
1HFY2003 1HFY2002 Change % change
----------------------------------------------------------------------------------------------------------
Gross profits 1 130,674 128,775 1,899 1.5
excluding Net gains on bonds (1-9-18) 2 118,345 124,180 -5,834 -4.7
Net trust fees 3 31,627 26,618 5,008 18.8
Principal guaranteed trust a/c credit costs 4 2,239 16,514 -14,275 -86.4
Net losses on direct write-offs 5 2,051 14,896 -12,845 -86.2
Losses on sales of loans to CCPC 6 - 1,386 -1,386 -100.0
Losses on sale of loans in bulk 7 188 231 -42 -18.5
Trust fees from principal guaranteed trust
a/c 8 16,448 25,612 -9,163 -35.8
Net capital gains on bonds 9 -502 -2,415 1,912 79.2
Other trust fees 10 17,418 17,521 -102 -0.6
Net interest income 11 47,197 74,903 -27,705 -37.0
Domestic 12 41,894 46,252 -4,357 -9.4
International 13 5,303 28,650 -23,347 -81.5
Net fees and commissions 14 12,507 11,226 1,280 11.4
Domestic 15 13,905 12,025 1,879 15.6
Net gains on trading 16 3,008 5,092 -2,083 -40.9
Others 17 36,333 10,934 25,398 232.3
Net capital gains on bonds 18 12,831 7,010 5,820 83.0
Net gains on financial derivatives 19 22,057 51 22,006 43,019.5
General and administrative expenses 20 55,524 58,189 -2,664 -4.6
Personnel expenses 21 23,008 23,480 -471 -2.0
Non-personnel expenses excluding taxes 22 30,056 32,296 -2,239 -6.9
Taxes other than income taxes 23 2,458 2,412 46 1.9
Net business profit before credit costs (1+4-20) 24 77,390 87,100 -9,710 -11.1
excluding Net capital gains on bonds (24-9-18) 25 65,061 82,506 -17,444 -21.1
----------------------------------------------------------------------------------------------------------
Net transfer to general reserves 26 - - - -
Net business profit 27 75,150 70,586 4,564 6.5
Net non-recurring profit 28 -12,763 -32,298 19,535 60.5
Net gains on stocks 29 8,972 -16,939 25,912 153.0
Gains on sale of stocks 30 19,923 10,473 9,449 90.2
Losses on sale of stocks 31 8,400 15,328 -6,927 -45.2
Losses on devaluation of stocks 32 2,550 12,084 -9,534 -78.9
Banking a/c credit costs 33 10,549 6,867 3,681 53.6
Net losses on direct write-offs 34 8,524 5,549 2,975 53.6
Net transfer to specific loan loss reserves 35 - - - -
Losses on sale of loans to CCPC 36 - - - -
Losses on sale of loans in bulk 37 -14 1,181 -1,195 -101.2
Net transfer to reserves for loans to borrowers
in specific foreign countries 38 - - - -
Other credit costs 39 2,039 137 1,902 1,386.3
Corporate taxes other than relating to income 40 414 550 -136 -24.7
Others 41 -10,771 -7,940 -2,830 -35.7
Net operating income 42 62,387 38,287 24,099 62.9
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Extraordinary income 43 5,755 -4,671 10,426 223.2
Net gains on disposal of fixed assets 44 -1,139 -460 -679 -147.7
Gains on disposal of fixed assets 45 3 - 3 497.3
Losses on disposal of fixed assets 46 1,143 460 682 148.2
Reversal of reserves 47 2,838 2,419 418 17.3
Amortized cost of net transition obligation for
employee retirement benefit 48 1,829 1,829 - -
Net gains on collection from write-offs 49 601 322 278 86.4
Gains on partial transfer of stock transfer
agency business 50 - 23,900 -23,900 -100.0
Net gains on securities contributed to employee
retirement benefit trust 51 - -29,023 29,023 100.0
Refund of Tokyo Metropolitan Government's Tax on
large banks 52 5,285 - 5,285 -
Net income before income taxes 53 68,142 33,616 34,526 102.7
Income taxes 54 44 51 -7 -14.6
Deferred income taxes 55 27,708 13,403 14,305 106.7
Net income 56 40,389 20,160 20,228 100.3
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Total credit costs (4 + 26 + 33 - 47) 9,951 20,963 -11,012 -52.5
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2. Unrealized gains/losses on investment securities
(1) Banking a/c
(Consolidated)
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Millions of Yen
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Sep. 2003 Mar. 2003
--------------------------------------------------------------
NetUnrealized Unrealized Net Unrealized Unrealized
gains losses gains losses Change of
net
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Held-to-maturity debt securities 595 612 17 678 999 320 -82
Investment in affiliates - - - - - - -
Available-for-sale securities 73,810 145,062 71,252 -19,637 91,456 111,093 93,447
Total 74,406 145,675 71,269 -18,958 92,455 111,414 93,364
Japanese stocks 70,633 108,742 38,108 -63,625 35,432 99,057 134,259
Japanese bonds -12,942 4,877 17,819 8,462 8,560 98 -21,404
Foreign securities and others
(*1) 16,714 32,054 15,340 36,204 48,463 12,258 -19,489
(Net unrealized gains on available-for-sale
securities, net of tax) 44,782 -- -- -11,309 -- -- 56,092
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(*1) Most part of securities categorized in "Foreign securities and
others" are US Treasuries and German Bunds. The figures in the
tables are translated in Japanese Yen. Although the value is shown
in Japanese Yen, those bonds are funded by repo transactions. Thus
there is not foreign exchange rate risk.
(Non-consolidated)
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Millions of Yen
------------------------------------------------------------------------
Sep. 2003 Mar. 2003
--------------------------------------------------------------
Net Unrealized Unrealized Net Unrealized Unrealized
gains losses gains losses Change of
net
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Held-to-maturity debt securities - - - - - - -
Investment in affiliates - - - - - - -
Available-for-sale securities 73,224 144,298 71,073 -19,803 91,081 110,884 93,027
Total 73,224 144,298 71,073 -19,803 91,081 110,884 93,027
Japanese stocks 70,538 108,646 38,108 -63,668 35,388 99,057 134,206
Japanese bonds -12,940 4,877 17,817 8,461 8,559 98 -21,401
Foreign securities and others
(*1) 15,627 30,774 15,147 35,404 47,133 11,728 -19,776
(Net unrealized gains on available-for-sale
securities, net of tax) 43,598 -- -- -11,790 -- -- 55,388
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(2) Principal guaranteed trust a/c
(Non-consolidated)
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Millions of Yen
-------------------------------
Net
-------------------- Change
Sep. 2003 Mar. 2003 of net
---------------------------------------------------------------------------
Total 3,013 4,775 -1,762
Japanese stocks - - -
Japanese bonds 2,496 3,990 -1,494
Foreign securities and others 516 785 -268
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3. BIS capital ratio (Consolidated)
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Millions of Yen
-------------------------------------------------------
Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003
------------------------------------------------------------------------------------------------------------
Total
capital 1,380,346 1,213,927 1,369,033 166,419
Tier I 760,014 706,184 774,558 53,829
Net unrealized losses on available-for-sale
securities, net of tax - 11,288 23,725 -11,288
Minority interest in consolidated
subsidiaries 89,610 89,072 89,064 537
Non-cumulative preferred capital notes 83,000 83,000 83,000 -
Tier
II 624,114 511,306 597,414 112,808
Upper Tier II 244,107 197,006 290,138 47,101
Net unrealized gains on available-for-sale
securities, net of tax 33,677 - - 33,677
Revaluation surplus on land, after 55%
discount 3,357 4,188 4,277 -830
General reserves 78,397 88,243 83,961 -9,845
Perpetual subordinated debts 128,675 104,575 201,900 24,100
Lower Tier II 380,007 314,300 307,275 65,707
Termed subordinated debts, etc. 380,007 314,300 307,275 65,707
Deduction (double gearing) 3,782 3,564 2,939 217
Total risk adjusted assets 11,405,376 11,580,899 11,840,383 -175,523
On-balance-sheet items 10,259,383 10,474,890 10,471,681 -215,506
Off-balance- sheet items 1,086,430 1,042,641 1,324,309 43,788
Market risk equivalent 59,562 63,367 44,392 -3,804
BIS
capital
ratio 12.10% 10.48% 11.56% 1.62%
(Tier I
ratio) 6.66% 6.09% 6.54% 0.57%
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(*) Non-consolidated BIS capital ratio and Tier I ratio are 12.28% and
6.77%, respectively.
4. Adequacy for calculating and posting net deferred tax assets
1. Adequacy for calculating and posting net deferred tax assets (Non-
consolidated)
The recoverability of deferred tax assets is estimated from future
taxable income that is estimated based on the Plan for restoring sound
management as well as historical financial performance.
Although a material amount of loss carried forwards exists at the end
of the first half of fiscal year 2003, it is due to extraordinary
causes in the past. Thus, the proviso of item 4 of the practical guideline,
"Treatment for audit of recoverability of deferred tax assets" is applicable.
And net deferred tax assets are posted based on the tax planning with
limits of not more than the total future taxable income in reasonable
term for estimation (5 years).
Although there are negative figures for taxable income in the past
five years, those are due to extraordinary causes as following;
- Devaluation of assets in accordance with the introduction of new
accounting standard for financial products
- Proactive final disposition of non-performing loans in line with
Japanese government's policy
- Acceleration of unwinding of cross share-holdings to meet the new
regulation
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Billions of Yen
---------------------------------------------------------
FY2002 FY2001 FY2000 FY1999 FY1998
--------------------------------------------------------------------------------------------------------
Taxable income before deduction of loss carry
forwards -221.2 52.4 -122.4 107.3 14.1
Net business profit before credit
costs 158.8 150.2 144.1 144.7 228.1
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2. Estimated amount for future taxable income (Non- consolidated)
Net business profit before credit costs, income before income taxes,
and taxable income which are used for estimation of future tax income
---------------------------------------------------------------------------------------------
Billions of Yen
-----------------------------------
Total from 2HFY2003 to 1HFY2008
---------------------------------------------------------------------------------------------
Net business profit before credit
costs 790.1
Income before income
taxes 559.3
Taxable income before deduction of existing deferred tax
assets factors 626.4
Effective tax rate for calculation of deferred tax assets 40.46%
---------------------------------------------------------------------------------
3. Factors for deferred tax assets and deferred tax liabilities
(Non-consolidated)
---------------------------------------------------------------------------------
Billions of Yen
-----------------------
Sep. 2003 Mar. 2003
---------------------------------------------------------------------------------
Deferred tax assets 235.9 272.5
Reserves for possible loan losses (including taxable
losses on write-offs) 38.5 50.2
Devaluation of
securities 43.7 54.5
Reserves for employee retirement benefit 8.6 7.1
Loss carry forwards 122.7 127.7
Net unrealized losses on available-for-sale securities - 8.0
Others 25.3 27.0
Valuation allowance -3.2 -2.2
Deferred tax liabilities 35.1 5.6
Net unrealized gains on available-for-sale securities 29.6 -
Others 5.5 5.6
Net deferred tax assets (on the balance sheet) 200.7 266.8
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4. Percentage to capital (Non-consolidated)
The portion of net deferred tax assets to Tier I has considerably
decreased from 37.4% to 26.1%.
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Billions of Yen
-----------------------
Sep. 2003 Mar. 2003
-----------------------------------------------
Net deferred tax assets
(A) 200.7 266.8
Tier I (B) 766.4 713.2
Percentage (A)/(B) 26.1% 37.4%
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5. Factors for deferred tax assets and deferred tax liabilities (Consolidated)
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Billions of Yen
-------------------------
Sep. 2003 Mar. 2003
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Deferred tax assets 247.2 285.0
Reserves for possible loan losses (including taxable losses on
write-offs) 40.5 52.3
Devaluation of
securities 43.8 54.5
Reserve for employee retirement
benefit 9.4 7.8
Loss carry forwards 126.2 130.6
Unrealized profit 9.1 10.1
Net unrealized losses on available-for-sale
securities - 8.0
Others 26.2 27.9
Valuation allowance -8.1 -6.4
Deferred tax liabilities 35.1 5.6
Net unrealized gains on available-for-sale
securities 29.6 -
Others 5.5 5.6
Net deferred tax assets (on the balance sheet) 212.0 279.4
Net deferred tax liabilities (on the balance
sheet) 0.1 0.1
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6. Percentage to capital (Consolidated)
The portion of net deferred tax assets to Tier I has considerably
decreased from 39.5% to 27.9%.
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Billions of Yen
-------------------------
Sep. 2003 Mar. 2003
-------------------------------------------------
Net deferred tax assets
(A) 212.0 279.4
Tier I (B) 760.0 706.1
Percentage (A)/(B) 27.9% 39.5%
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(*) Classification of companies in the practical guideline, the
Japanese Institute of Certified Public Accountants ("JICPA")
Industry Auditing Committee Report No. 66 "Treatment for audit of
recoverability of deferred tax assets" (November 9, 2001)
Item 1: Companies which report taxable income every year, and the
taxable income sufficiently exceeds temporary differences that
will result in deductible amounts in the future years.
Item 2: Companies which show stable business performance but do not
report taxable income enough for covering temporary differences
that will amounts in the future years.
Item 3: Companies which show unstable business performance and do not
report taxable income enough for covering temporary differences
that result in deductible amounts in the future.
Item 4: Companies which post material amount of loss carry forwards.
Proviso of item 4: Companies which post material amount of loss
carry forwards but report taxable income every year except for
extraordinary causes.
Item 5: Companies have post material amount of loss carry forwards for
consecutive years (most commonly 3 years and more).
5. Cross shareholdings
(1) Cross shareholdings (Market price available)
(Consolidated)
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Billions of Yen
--------------------------------------
Sep. 2003 Mar. 2003 Sep. 2002
--------------------------------------------------------------
Cost basis 487.0 588.7 840.3
Mark-to-market basis 557.7 525.1 722.1
Tier I 760.0 706.1 774.5
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(2) Unwinding of cross shareholdings (Cost basis)
(Non-consolidated)
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Billions of Yen
--------------------------------------------------
FY2003 FY2002
--------------------------------------------------
Full FY2003 1HFY2003 Full FY2002 1HFY2002
--------------------------------------------------------------
Plan 150.0 100.0 200.0 100.0
Actual -- 101.7 325.3 148.8
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6. Assets classified under the Financial reconstruction law (After
partial direct write-offs)
(1) Banking a/c (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Millions of Yen
------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
---------------------------------------------------------------------------------------------------------------
Assets classified under the Financial
reconstruction law (a) 316,532 338,377 469,172 -21,844 -152,639
Loans in bankrupt and practically bankrupt 19,766 21,984 60,091 -2,217 -40,324
Doubtful loans 117,897 159,783 242,535 -41,885 -124,638
Substandard loans (b) 178,868 156,610 166,545 22,257 12,322
Ordinary assets 9,178,238 9,284,705 9,048,370 -106,467 129,867
Loans to substandard debtors (excluding
Substandard loans) (c) 12,217 10,864 31,211 1,353 -18,993
Loans to special mention debtors (excluding (b)
and (c)) 552,707 653,031 796,263 -100,323 -243,555
Loans to ordinary debtors 8,613,312 8,620,810 8,220,896 -7,497 392,416
Total loan balance (d) 9,494,771 9,623,083 9,517,543 -128,312 -22,771
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Ratio to total loan balance (a) / (d) 3.3% 3.5% 4.9% -0.2% -1.6%
---------------------------------------------------------------------------------------------------------------
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Loans to substandard debtors (b)+(c) 191,086 167,475 197,756 23,611 -6,670
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(*) Partial direct write-offs: Sep. 2003: 117.5 billion Yen, Mar.
2003: 151.6 billion Yen, Sep. 2002: 256.3 billion Yen
(2) Principal guaranteed trust a/c (Non- consolidated)
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Millions of Yen
------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
---------------------------------------------------------------------------------------------------------------
Assets classified under the Financial
reconstruction law (e) 56,061 63,819 111,067 -7,758 -55,006
Loans in bankrupt and practically bankrupt 5,976 7,050 10,048 -1,073 -4,071
Doubtful loans 15,741 16,875 31,122 -1,134 -15,381
Substandard loans (f) 34,343 39,893 69,896 -5,549 -35,553
Ordinary assets 1,254,927 1,480,130 1,647,491 -225,202 -392,563
Loans to substandard debtors (excluding
Substandard loans) (g) 2,501 2,174 9,562 326 -7,061
Loans to special mention debtors (excluding (f)
and (g)) 35,172 50,266 78,086 -15,093 -42,913
Loans to ordinary debtors 1,217,253 1,427,689 1,559,842 -210,436 -342,589
Total loan balance (h) 1,310,989 1,543,950 1,758,559 -232,961 -447,570
---------------------------------------------------------------------------------------------------------------
Ratio to total loan balance (e) / (h) 4.3% 4.1% 6.3% 0.2% -2.0%
---------------------------------------------------------------------------------------------------------------
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Loans to substandard debtors (f)+(g) 36,845 42,068 79,459 -5,222 -42,614
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(3) Banking a/c and principal guaranteed trust a/c combined (Non-consolidated)
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Millions of Yen
-----------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-----------------------------------------------------------------------------------------------------------------------
Assets classified under the Financial
reconstruction law (A) 372,594 402,197 580,240 -29,603 -207,646
Loans in bankrupt and practically bankrupt 25,743 29,034 70,139 -3,291 -44,396
Doubtful loans 133,638 176,658 273,658 -43,020 -140,019
Substandard loans (B) 213,212 196,504 236,442 16,708 -23,230
Ordinary assets 10,433,166 10,764,836 10,695,861 -331,670 -262,695
Loans to substandard debtors (excluding
substandard loans) (C) 14,719 13,039 40,774 1,680 -26,054
Loans to special mention debtors (excluding
(B) and (C)) 587,880 703,297 874,349 -115,416 -286,468
Loans to ordinary debtors 9,830,566 10,048,499 9,780,738 -217,933 49,827
Total loan balance (D) 10,805,760 11,167,033 11,276,102 -361,273 -470,341
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Ratio to total loan balance (A) / (D) 3.4% 3.6% 5.1% -0.2% -1.7%
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Loans to substandard debtors (B)+(C) 227,931 209,543 277,216 18,388 -49,284
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(4) Reserve ratio for loans to special mention / ordinary debtors
(general reserves) (Banking a/c) (Non-consolidated)
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Percentage points
-----------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-----------------------------------------------------------------------------------------------------------------------
Special mention 9.2 9.5 7.5 -0.3 1.7
Substandard debtors 18.2 25.0 25.7 -6.8 -7.5
Against uncovered portion 52.5 50.7 49.0 1.8 3.5
Other than substandard debtors 6.1 5.6 3.0 0.5 3.1
Ordinary debtors 0.1 0.1 0.1 - -
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(*) Reserve ratio = general reserves / loan amount
(5) Asset classified under the Financial reconstruction law as of
September 30, 2003 (Non-consolidated)
(Banking a/c)
(in millions of Yen)
-------------------- -------------------------------------------------------------------------
Balance Collateral/ Reserves Reserve ratio
Coverage ratio
-----------------------------------------------------------------------------------------------------------------
(a) Specific loan loss reserves (b) 957
Loans in bankrupt/
practically
bankrupt (A) 19,766 100% 100%
(100%)
------------------------------------------------
(21,984 ) (100%) Guarantee and collateral (c) 18,809 (b) / ( (a)-(c) )
--------------------------------------- -------------------------------------------------------------------------
(d) Uncovered 7,494 79%
------------------------------------------------
Doubtful loans (B) 117,897 93% Specific loan loss reserves (e) 28,919 (66%)
------------------------------------------------
(159,783 ) (86%) Guarantee and collateral (f) 81,484 (e) / ( (d)-(f) )
--------------------------------------- -------------------------------------------------------------------------
(g) Uncovered 32,234 50%
------------------------------------------------
Substandard loans General reserves (h)
(C) 178,868 81% 33,335 (50%)
------------------------------------------------
(156,610 ) (75%) Guarantee and collateral (i) 113,299 (h) / ( (g)-(i) )
--------------------------------------- -------------------------------------------------------------------------
General reserves 44,348
------------------------------------------------
Ordinary assets Reserves for loans to borrowers in
9,178,238 specific foreign countries 538
------------------------------------------------
(9,284,705 )
======================================= -------------------------------------- -------------------------
Total Total of (A),(B) and Ratio to total loan
9,494,771 (C) 316,532 balance
(9,623,083 ) (338,377 ) 3.3%
--------------------------------------- -------------------------------------- -------------------------
(Principal guaranteed trust a/c) (in millions of Yen)
--------------------------------------- -------------------------------------------------------------------------
Balance Collateral/ Reserves Reserves for principal
Coverage Ratio
-----------------------------------------------------------------------------------------------------------------
Guarantee and collateral 5,976
Loans in bankrupt/
practically bankrupt (D)
5,976 100% 10,075
(7,050 ) (100%) Reserves for loan trust
--------------------------------------- ------------------------------------------------
Uncovered 3,285 674
------------------------------------------------
Doubtful loans (E) 15,741 79% Guarantee and collateral 12,456 Reserves for JOMT
(16,875 ) (75%)
--------------------------------------- ------------------------------------------------
Uncovered 16,527
------------------------------------------------
Substandard loans Guarantee and collateral
(F) 34,343 51% 17,816
(39,893 ) (54%)
--------------------------------------- -------------------------------------------------------------------------
Ordinary assets 1,254,927
(1,480,130 )
======================================= -------------------------------------- -------------------------
Total Total of (D), (E) Ratio to total loan
1,310,989 and (F) 56,061 balance
(1,543,950 ) (63,819 ) 4.3%
--------------------------------------- -------------------------------------- -------------------------
(Banking a/c and principal guaranteed trust a/c combined)
--------------------------------------------------------------------------------------- -------------------------
Grand total Total of Ratio to grand total loan balance
(A),(B),(C),(D),(E)
10,805,760 and (F) 372,594
(11,167,033 ) (402,197 ) 3.4%
--------------------------------------- -------------------------------------- -------------------------
(*) Numbers in parenthesis are as of Mar.2003
7. Forecast for full FY2003
-------------------------------------------------------------------------------------------------------
Billions of Yen
--------------------------------------------------------
Forecast for 1HFY2003 FY2002 Change
FY2003 (A) (Actual) (Actual) (B) (A)-(B)
-------------------------------------------------------------------------------------------------------
(Non-consolidated)
-----------------------------------------------
Net business profits before credit costs 145.0 77.3 158.8 -13.8
Net business profits 140.0 75.1 133.4 6.6
Total credit costs 40.0 9.9 85.9 -45.9
Banking a/c net credit costs 35.0 7.7 65.6 -30.6
Trust a/c net credit costs 5.0 2.2 20.3 -15.3
Other non-recurring items -5.0 -2.2 -141.3 136.3
Net operating income 100.0 62.3 -68.3 168.3
Net income 60.0 40.3 -56.5 116.5
Dividend Dividend per common stock (Yen)
per stock 4.00 - 3.00 1.00
Dividend per preferred stock
(Yen) 6.08 - 6.08 -
-------------------------------------------------------------------------------------------------------
(Consolidated)
--------------
Net operating income 110.0 66.6 -66.1 176.1
Net income 65.0 40.9 -72.9 137.9
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II. Supplementary information I
1. Total risk adjusted assets, capital and deferred tax assets (Consolidated)
-----------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------
Total risk adjusted
assets Capital
--------------------------------------------------------
Total Tier I Tier II
-----------------------------------------------------------------------------------------------------
Sep. 2002 11,840.3 1,369.0 774.5 597.4
Sep. 2003 11,405.3 1,380.3 760.0 624.1
-----------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------
Deferred tax BIS capital ratio
assets
-----------------------------------------------------------------------------------------------------
Sep. 2002 225.2 11.56%
Sep. 2003 212.0 12.10%
-----------------------------------------------------------------------------------------------------
2. Net business profit (Non-consolidated)
-----------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------
Net business profit
before net
transfer to Net business Net business profit before principal guaranteed a/c
general reserves profit credit costs
Before net transfer to general
reserves
-----------------------------------------------------------------------------------------------------
1HFY 2002 (Actual) 70.5 70.5 87.1 87.1
1HFY 2003 (Previous
forecast) 60.0 60.0 65.0 65.0
1HFY 2003 (Actual) 75.1 75.1 77.3 77.3
FY 2003 (Previous
forecast) 135.0 135.0 145.0 145.0
FY 2003 (Amended forecast) 140.0 140.0 145.0 145.0
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3. Non-performing loans
(1) Credit costs
(Consolidated)
-----------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------
Net transfer to Banking a/c Principal Total credit costs (a)+(b)+(c)
general reserves credit costs guaranteed trust
(a) (*) (b) a/c credit costs
(c)
-----------------------------------------------------------------------------------------------------
1HFY 2002 - 5.4 16.5 21.9
FY 2002 5.0 62.5 20.3 87.8
1HFY 2003 - 7.8 2.2 10.0
-----------------------------------------------------------------------------------------------------
(*) For banking a/c credit costs, the sum of credit costs is booked to
be non-recurring loss. However, in the table above, 1.4 billion
yen of reversal of reserves (extraordinary income item) is
included for 1HFY2002, and 2.7 billion yen of reversal of reserves
(extraordinary income item) is included for 1HFY2003.
(Non-consolidated)
-----------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------
Principal
Net transfer to Banking a/c guaranteed trust
general reserves credit costs a/c credit costs Total credit costs
(a) (*) (b) (c) (a)+(b)+(c)
-----------------------------------------------------------------------------------------------------
1HFY 2002 - 4.4 16.5 20.9
FY 2002 5.1 60.4 20.3 85.9
1HFY 2003 - 7.7 2.2 9.9
FY 2003 (E) 0.0 35.0 5.0 40.0
-----------------------------------------------------------------------------------------------------
(*) For banking a/c credit costs, the sum of credit costs is booked to
be non-recurring loss. However, in the table above, 2.4 billion
yen of reversal of reserves (extraordinary income item) is
included for 1HFY2002, and 2.8 billion yen of reversal of reserves
(extraordinary income item) is included for 1HFY2003.
(2) Outstanding amount (Banking a/c and principal guaranteed trust a/c combined)
(Non-consolidated)
(Classification under self-assessment)
-----------------------------------------------------------------------------------------------------------------
Billions of Yen
---------------------------------------------------------------------------------------
Legally/ virtually Potentially Potentially Special mention
bankrupt (a) bankrupt bankrupt or worse (=Watch list)
(b) categories including
(a)+(b) Substandard (c) (a)+(b)+(c)
-----------------------------------------------------------------------------------------------------------------
Sep. 2002 70.1 273.7 343.8 1,151.6 1,495.4
Mar. 2003 29.0 176.7 205.7 912.8 1,118.5
Sep. 2003 25.7 133.6 159.4 815.8 975.2
-----------------------------------------------------------------------------------------------------------------
(Classification under the Financial reconstruction law)
---------------------------------------------------------------------------------
Billions of Yen
-------------------------------------------------------
Substandard Loans (d) (a)+(b)+(d)
---------------------------------------------------------------------------------
Sep. 2002 236.4 580.2
Mar. 2003 196.5 402.2
Sep. 2003 213.2 372.6
---------------------------------------------------------------------------------
(3) Final disposal and new entry (Banking a/c and principal guaranteed trust
a/c combined) (Non-consolidated)
a. Outstanding amount
-----------------------------------------------------------------------------------------------
Billions of Yen
--------------------------------------------------------------------
Loans in bankrupt/ practically Doubtful loans Total
bankrupt
-----------------------------------------------------------------------------------------------
Sep. 2002 70.1 273.7 343.8
Mar. 2003 29.0 176.7 205.7
Sep. 2003 25.7 133.6 159.4
-----------------------------------------------------------------------------------------------
New entry during 1HFY2003 0.9 15.8 16.7
Final disposal during
1HFY2003 -5.8 -57.2 -63.0
Category migration during 1HFY2003 1.6 -1.6 -
Net -3.3 -43.0 -46.3
-----------------------------------------------------------------------------------------------
b. Breakdown by disposal methods
--------------------------------------------------------------------------------------------------------------
Billions of Yen
-----------------------------------------------------------------------------------
Liquidation Reconstruction Financial
condition
improvement
along with
reconstruction Outright Sale
--------------------------------
Sale to RCC
--------------------------------------------------------------------------------------------------------------
FY 2002 99.8 105.8 58.0 125.7 8.0
1HFY 2003 36.6 19.6 19.1 5.5 -
--------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------
Billions of Yen
-----------------------------------------------------------------------------------
Direct write-offs Others Total
---------------------------------------------------
Total Collection/ Financial condition improvement
repayment
--------------------------------------------------------------------------------------------------------------
FY 2002 -175.3 122.2 105.9 16.3 336.2
1HFY 2003 -37.2 19.3 18.2 1.1 63.0
--------------------------------------------------------------------------------------------------------------
(4) Financial support to debtors (Banking a/c and principal guaranteed trust a/c
combined) (Non-consolidated)
--------------------------------------------------------------------------------------------------------------
1HFY2003
---------------------------------------------------
Amount (Billions Number of Company name
of Yen) companies
-----------------------------------------------------------------------------------------------
Debt forgiveness 6.4 1 Kumagai Gumi
Based on private sector resolution
guideline - - ----------
Debt to equity swap 4.4 1 Kumagai Gumi
Preferred stock - - ----------
Total 10.8 ---------- ----------
-----------------------------------------------------------------------------------------------
(*) Based on public announcement
(5) Cash reserves and cash reserve ratio for each category of debtor
(Banking a/c) (Non- consolidated)
--------------------------------------------------------------------------------------------------------------
Sep. 2003 Mar. 2003
------------------------------------------------------------------
Cash reserve Cash reserves Cash reserve Cash reserves
ratio ratio
(Billions of Yen) (Billions of Yen)
----------------------------------------------------------------------------------------------------------------
Loans to bankrupt and against uncovered
portion 100.0% 0.9 100.0% 1.2
practically bankrupt
debtors
Loans to doubtful debtors against uncovered
portion 79.4% 28.9 66.9% 43.3
Loans to substandard against uncovered
debtors portion 52.5% 34.9 50.7% 41.8
against loan
amount 18.2% 25.0%
Loans to special mention against loan
debtors amount 6.1% 34.1 5.6% 36.6
(excluding Loans to
substandard debtors)
Loans to ordinary debtors against loan
amount 0.1% 8.6 0.1% 8.6
--------------------------------------------------------------------------------------------------------------
(*) Cash reserves = General reserves or specific loan losses reserves
------------------------------------------------------------------------------
Sep. 2002
----------------------------------
Cash reserve Cash reserves
ratio
(Billions of Yen)
------------------------------------------------------------------------------
Loans to bankrupt and against uncovered
portion 100.0% 3.4
practically bankrupt
debtors
Loans to doubtful debtors against uncovered
portion 67.1% 71.6
Loans to substandard against uncovered
debtors portion 49.0% 50.8
against loan
amount 25.7%
Loans to special mention against loan
debtors amount 3.0% 23.8
(excluding Loans to
substandard debtors)
Loans to ordinary debtors against loan
amount 0.1% 8.2
------------------------------------------------------------------------------
(6) Cash reserves for loans to substandard debtors calculated based on discount
cash flow method (Banking a/c) (Non-consolidated)
---------------------------------------------------------------------------------------------------------
Numbers of Cash reserves Reserve ratio against uncovered portion
applicable (Billions of
debtors Yen)
------------------------------------------------------------------------------
Mar. 2003 3 8.6 48.5%
Sep. 2003 5 8.8 46.2%
------------------------------------------------------------------------------
(7) Non-performing loan ratio (Banking a/c and principal guaranteed trust a/c
combined) (Non-consolidated)
-------------------------------------------------------------------------------------
Mar. 2002 Sep. 2002 Mar. 2003 Sep. 2003
-------------------------------------------------------------------------------------
The Financial reconstruction law
basis 6.1% 5.1% 3.6% 3.4%
-------------------------------------------------------------------------------------
4. Cross shareholdings
(1) Cross shareholdings (Market price available)
(Consolidated)
-----------------------------------------------------------
Billions of Yen
---------------------------------------
Cost basis Mark-to- Tier I
market bais
-----------------------------------------------------------
Sep. 2002 840.3 722.1 774.5
Mar. 2003 588.7 525.1 706.1
Sep. 2003 487.0 557.7 760.0
-----------------------------------------------------------
(2) Unwinding of cross shareholdings (Cost basis)
(Non-consolidated)
----------------------------------------------
Billions of Yen
-----------------------------------------------------------
FY2002 325.3
1HFY2002 148.8
Plan for FY2003 150.0
1HFY2003 (Actual) 101.7
----------------------------------------------
(3) Losses on devaluation of stocks (Non-consolidated)
------------------------------------------------------------------------
Billions of Yen
----------------------------------------------------
Net gains of stocks
----------------------------------------------------
Losses on devaluation of stocks
-------------------------------------------------------------------------------------
FY2002 -127.7 -100.9
1HFY2003 8.9 -2.5
------------------------------------------------------------------------
5. Loans
(1) Loans to small and mid-sized corporations (Banking a/c and principal
guaranteed trust a/c combined) (Non-consolidated)
----------------------------------------------------------------------------------------------------------------
Billions of Yen
----------------------------------------------
Sep. 2002 4,522.4
Mar. 2003 4,562.0
Sep. 2003 4,586.6
----------------------------------------------
(2) Loans by industry (Banking a/c and principal guaranteed trust a/c combined)
(Non-consolidated)
----------------------------------------------------------------------------------------------------------------
Billions of Yen
------------------------------------------------------------------
Total amount Risk managed loans
-----------------------------------------------------
Loans more Restructured Other Loans in bankruptcy
than loans delinquent proceedings
loans
3 months
past due
----------------------------------------------------------------------------------------------------------------
Wholesale and retail Mar. 2003 912.3 0.3 24.3 4.0 6.2
Sep. 2003 895.9 0.2 24.7 2.4 5.3
----------------------------------------------------------------------------------------------------------------
Construction Mar. 2003 230.7 - 45.8 35.3 2.4
Sep. 2003 206.7 17.3 63.1 7.2 0.8
----------------------------------------------------------------------------------------------------------------
Real Mar. 2003
estate 1,125.2 0.4 41.4 111.4 8.2
Sep. 2003 1,035.5 0.7 34.7 90.7 7.8
----------------------------------------------------------------------------------------------------------------
Finance and Mar. 2003
insurance 2,602.2 - 0.4 2.0 0.3
Sep. 2003 2,537.6 - 2.3 2.0 0.3
----------------------------------------------------------------------------------------------------------------
6. Dividend source for the public fund (Non-consolidated)
----------------------------------------------------------------------
Billions
of Yen
----------------------------------------------------------------------
Retained earnings available for dividend payment (*) 114.7
Net unrealized gains on available-for-sale securities, net of
tax (**) 43.5
Annual dividend for public fund 0.7
----------------------------------------------------------------------
(*) Capital surplus (excluding additional paid in capital) + retained
earnings (excluding legal retained earnings)
(**) Net unrealized gains on available-for-sale securities: 73.2
billion yen
III. Supplementary information II
1. Return on equity (Non-consolidated)
--------------------------------------------------------------------------------------------------------
Yen
--------------------------------------------------
1HFY2003 1HFY2002 Change
--------------------------------------------------------------------------------------------------------
Dividend per stock Common stock - - -
Preferred stock - - -
Net income per common stock 27.70 13.92 13.78
Return (Net business profit before trust a/c credit
costs) on equity 26.5% 30.2% -3.7%
Return (Net business profit before credit costs) on
equity 26.5% 30.2% -3.7%
Return (Net income) on equity 13.8% 6.9% 6.9%
--------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------------------------------------------
Total stockholders' equity (ending balance) 729,117 701,046 28,070
Net unrealized gains on available-for-sale
securities, net of tax 43,598 -23,820 67,418
--------------------------------------------------------------------------------------------------------
2. Spread
(1) Domestic banking a/c
------------------------------------------------------------------------------------
Percentage points
----------------------------------------------
1HFY2003 1HFY2002 Change
------------------------------------------------------------------------------------
Average yield on interest-earning
assets (A) 1.11 1.21 -0.10
Loans and bills discounted (a) 1.28 1.38 -0.10
Bonds (b) 0.83 0.94 -0.11
Average yield on interest-bearing
liabilities (B) 0.35 0.38 -0.03
Deposits (c) 0.21 0.24 -0.03
Gross margin (A) - (B) 0.76 0.83 -0.07
Loan-deposit margin (a) - (c) 1.07 1.14 -0.07
------------------------------------------------------------------------------------
(2) Domestic banking a/c and principal guaranteed trust a/c combined
------------------------------------------------------------------------------------
Percentage points
----------------------------------------------
1HFY2003 1HFY2002 Change
------------------------------------------------------------------------------------
Average yield on interest-earning
assets (A) 1.15 1.31 -0.16
Loans and bills discounted (a) 1.29 1.46 -0.17
Bonds (b) 0.87 1.09 -0.22
Average yield on interest-bearing
liabilities (B) 0.27 0.26 0.01
Deposits (c) 0.17 0.17 0.00
Gross margin (A) - (B) 0.88 1.05 -0.17
Loan-deposit margin (a) - (c) 1.12 1.29 -0.17
------------------------------------------------------------------------------------
3. Breakdown of gains/ losses on securities (Non-consolidated)
(1) Bond related
--------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------
1HFY2003 1HFY2002 Change
--------------------------------------------------------------------------------------------------
Net gains on bonds 12,831 7,010 5,820
Gains on sale of bonds 36,857 75,857 -39,000
Gains on redemption of bonds - - -
Losses on sale of bonds 24,025 64,503 -40,477
Losses on redemption of bonds - 1,482 -1,482
Losses on devaluation of bonds 1 2,862 -2,860
--------------------------------------------------------------------------------------------------
(2) Stock related
--------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------
1HFY2003 1HFY2002 Change
--------------------------------------------------------------------------------------------------
Net gains on stocks 8,972 -16,939 25,912
Gains on sale of stocks 19,923 10,473 9,449
Losses on sale of stocks 8,400 15,328 -6,927
Losses on devaluation of stocks (*1) 2,550 12,084 -9,534
--------------------------------------------------------------------------------------------------
(*1) The Bank applies the rule for stock valuation as follows under
Japanese GAAP.
Values of the stocks whose market values are obtainable in the markets are
determined on the
- basis of the 1-month-average of their daily closing prices during
September 2003 (the closing month of 1HFY2003).
- The Bank adopts the standard for devaluation of stocks shown below.
Standard for devaluation of stocks
---------------------------------------
Less than 30% 30 - 50% More than 50%
-----------------------------------------------------------------------------------------------
Stocks of ordinary debtors
-------------------------------------------------------------------------
Stocks of special mention or worse To be devaluated
debtors
-----------------------------------------------------------------------------------------------
Devaluation of listed stocks
-----------------------------------------------------------------------------------------------
Millions of Yen
Less than 30% 30 - 50% More than 50%
-----------------------------------------------------------------------------------------------
Stocks of ordinary debtors - - 752
Stocks of special mention or worse
debtors - - 28
-----------------------------------------------------------------------------------------------
4. Unrealized gains/ losses on financial derivatives
(1) Unrealized gains/ losses on financial derivatives reflected upon the
statement of income
(Consolidated)
---------------------------------------------------------------------------------------
Millions of Yen
----------------------------------------------------
Sep. 2003 Mar. 2003 Change
---------------------------------------------------------------------------------------
Interest rate related 36,336 4,451 ----------
Interest rate swaps 73,788 1,733 ----------
Bond related -4,972 -285 ----------
Currency related 7,900 3,276 ----------
Stock related 437 36 ----------
Credit derivatives -14 -179 ----------
Total 39,686 7,299 ----------
---------------------------------------------------------------------------------------
(Non-consolidated)
---------------------------------------------------------------------------------------
Millions of Yen
----------------------------------------------------
Sep. 2003 Mar. 2003 Change
---------------------------------------------------------------------------------------
Interest rate related 36,339 4,469 ----------
Interest rate swaps 73,791 1,751 ----------
Bond related -4,972 -285 ----------
Currency related 7,900 3,276 ----------
Stock related 437 36 ----------
Credit derivatives -14 -179 ----------
Total 39,690 7,317 ----------
---------------------------------------------------------------------------------------
(*1) In accordance with the change of hedge accounting standard for
Japanese banks, category of derivative transactions whose
unrealized gains/losses are reflected upon the statement of income
has changed. Thus, the figures in Sep. 2003 are not comparable to
those figures in Mar. 2003.
(*2) Unrealized gains/losses of forward exchange contracts and
currency options whose unrealized gains/losses are reflected upon
statement of income are not included in the figures for Mar. 2003
but included in the figures for Sep. 2003.
(2) Derivatives to which hedge accounting is applicable
---------------------------------------------------------------------------------------
Millions of Yen
----------------------------------------------------
Sep. 2003 Mar. 2003 Change
---------------------------------------------------------------------------------------
Interest rate related -16,647 -36,142 ----------
Interest rate swaps -16,647 13,951 ----------
Bond related - 133 ----------
Currency related 28 - ----------
Total -16,618 -36,008 ----------
---------------------------------------------------------------------------------------
(*1) In accordance with the change of hedge accounting standard for
Japanese banks, hedge accounting category for derivative
transactions has changed. Thus, the figures in Sep. 2003 are not
comparable to those figures in Mar. 2003.
(*2) Unrealized gains/losses of cross currency swaps subject to the
accrual-basis accounting standard are not included in the figures
for Mar. 2003 but included in the figures for Sep. 2003.
5. General & administrative expenses (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Millions of Yen
------------------------------------------------------------------------
1HFY2003 1HFY2002 Change FY2003 Projection (*1)
---------------------------------------------------------------------------------------------------------------
General & administrative expenses 55,524 58,189 -2,664 116,000
Personnel expenses 23,008 23,480 -471 47,200
Non-personnel expenses excluding
taxes 30,056 32,296 -2,239 63,800
Taxes other than income taxes 2,458 2,412 46 5,000
---------------------------------------------------------------------------------------------------------------
(*1) Projection in the "Plan for restoring sound management"
6. Number of directors and employees (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Sep. 2003 Mar. 2003 Change Projection for Mar. 2004 (*1)
------------------------------------------------------------------------------------------------------------------------
Number of directors and statutory
auditors 18 18 - 18
Statutory auditors 5 5 - 5
Number of employees (*2) 4,866 4,991 -125 4,990
---------------------------------------------------------------------------------------------------------------
(*1) Projection in the "Plan for restoring sound management"
(*2) Including clerical staff, and staff dispatched to other
companies. Not including part-timers.
7. Number of branches and subsidiaries (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Sep. 2003 Mar. 2003 Change Projection for Mar. 2004 (*1)
---------------------------------------------------------------------------------------------------------------
Number of domestic branches (*2) 51 51 - 51
Number of overseas branches 3 3 - 4
Number of overseas subsidiaries (*3) 3 3 - 3
---------------------------------------------------------------------------------------------------------------
(*1) Projection in the "Plan for restoring sound management"
(*2) Excluding satellite offices (14 offices for both in Mar. 2003 and
in Sep. 2003)
(*3) Excluding special purpose companies
8. Employee retirement benefits
(Consolidated)
----------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------
Sep. 2003 Mar. 2003 Change
----------------------------------------------------------------------------------------------------------
Projected benefit (A)
obligation 168,139 163,815 4,323
(Discount rate) (3.0%) (3.0%) -
Plan assets (market (B)
value) 164,495 158,427 6,068
Reserves for employee retirement benefits (C) 2,302 2,279 23
Advance benefit paid (D) 74,673 78,943 -4,270
Unrecognized net plan assets (E) 1,781 1,781 -
Unrecognized net transition obligation (F) 5,489 7,319 -1,829
Unrecognized net prior service cost (G) 2,205 2,360 -155
Unrecognized net actuarial loss (A-B-C+D+E-F-G) 70,101 74,154 -4,053
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------
1HFY2003 1HFY2002 Change
----------------------------------------------------------------------------------------------------------
Retirement benefit
expenses 8,979 8,349 630
----------------------------------------------------------------------------------------------------------
(Non-consolidated)
----------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------
Sep. 2003 Mar. 2003 Change
----------------------------------------------------------------------------------------------------------
Projected benefit (A)
obligation 165,457 161,340 4,117
(Discount rate) (3.0%) (3.0%) -
Plan assets (market (B)
value) 163,889 157,915 5,973
Reserves for employee retirement benefits (C) 226 315 -88
Advance benefit paid (D) 74,673 78,943 -4,270
Unrecognized net plan assets (E) 1,781 1,781 -
Unrecognized net transition obligation (F) 5,489 7,319 -1,829
Unrecognized net prior service cost (G) 2,205 2,360 -155
Unrecognized net actuarial loss (A-B-C+D+E-F-G) 70,101 74,154 -4,053
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------
1HFY2003 1HFY2002 Change
----------------------------------------------------------------------------------------------------------
Retirement benefit
expenses 8,710 8,027 683
Service cost-benefits earned 1,768 2,031 -262
Interest cost on projected benefit obligation 2,415 2,404 10
Expected return on plan assets -2,787 -2,951 164
Amortization of net transition obligation 1,829 1,829 -
Amortization of prior service cost 155 224 -68
Amortization of net actuarial losses 4,053 2,286 1,766
Others (additional benefit at retirement,
etc.) 1,275 2,202 -926
----------------------------------------------------------------------------------------------------------
9. Risk managed loans
(1) Banking a/c and principal guaranteed trust a/c combined
(Consolidated)
-------------------------------------------------------------------------------------------------------------
Millions of Yen
------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------------
Risk Loans in bankruptcy proceedings
managed
loans 16,715 20,760 15,652 -4,044 1,063
Other delinquent loans 140,863 184,231 325,920 -43,367 -185,056
Loans more than 3 months past due 19,439 3,157 8,780 16,281 10,658
Restructured loans 194,158 193,784 229,394 373 -35,236
Total Loans under risk management 371,176 401,933 579,747 -30,756 -208,571
-------------------------------------------------------------------------------------------------------------
(*)Partial direct write-offs: Sep. 2003: 121.5 billion yen, Mar. 2003:
157.4 billion Yen, Sep. 2002: 262.5 billion Yen
-------------------------------------------------------------------------------------------------------------
Total Loan Balance 10,303,966 10,687,105 10,742,310 -383,139 -438,344
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Percentage points
-------------------------------------------------------------------------------------------------------------
% to totalLoans in bankruptcy proceedings
loan
balance 0.16 0.19 0.15 -0.03 0.01
Other delinquent loans 1.37 1.72 3.03 -0.35 -1.66
Loans more than 3 months past due 0.19 0.03 0.08 0.16 0.11
Restructured loans 1.88 1.81 2.14 0.07 -0.26
Total Loans under risk management 3.60 3.76 5.40 -0.16 -1.80
-------------------------------------------------------------------------------------------------------------
(2) Banking a/c loans (Non-consolidated)
-------------------------------------------------------------------------------------------------------------
Millions of Yen
------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------------
Risk Loans in bankruptcy proceedings
managed
loans 11,656 14,670 9,513 -3,013 2,143
Other delinquent loans 122,588 164,490 288,989 -41,902 -166,401
Loans more than 3 months past due 10,532 1,199 4,356 9,332 6,175
Restructured loans 168,336 155,410 162,188 12,925 6,147
Total Loans under risk management 313,113 335,771 465,048 -22,658 -151,934
-------------------------------------------------------------------------------------------------------------
(*)Partial direct write-offs: Sep. 2003: 117.5 billion yen, Mar. 2003:
151.6 billion yen, Sep. 2002: 256.3 billion Yen
-------------------------------------------------------------------------------------------------------------
Total loan balance 9,018,876 9,168,024 9,005,920 -149,147 12,956
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Percentage points
-------------------------------------------------------------------------------------------------------------
% to totalLoans in bankruptcy proceedings
loan
balance 0.13 0.16 0.11 -0.03 0.02
Other delinquent loans 1.36 1.79 3.21 -0.43 -1.85
Loans more than 3 months past due 0.12 0.01 0.05 0.11 0.07
Restructured loans 1.87 1.70 1.80 0.17 0.07
Total Loans under risk management 3.47 3.66 5.16 -0.19 -1.69
-------------------------------------------------------------------------------------------------------------
(3) Principal guaranteed trust a/c loans (Non-consolidated)
---------------------------------------------------------------------------------------------------------------------
Millions of Yen
----------------------------------------------------------------------------
Change from Change from Sep. 2002
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003
---------------------------------------------------------------------------------------------------------------------
Risk Loans in bankruptcy proceedings
managed
loans 4,875 5,847 5,806 -972 -930
Other delinquent loans 16,842 18,078 35,364 -1,236 -18,522
Loans more than 3 months past
due 8,521 1,519 2,691 7,002 5,830
Restructured loans 25,821 38,373 67,205 -12,551 -41,383
Total Loans under risk
management 56,061 63,819 111,067 -7,758 -55,006
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Total loan balance 1,310,989 1,543,950 1,758,559 -232,961 -447,570
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Percentage points
---------------------------------------------------------------------------------------------------------------------
% to Loans in bankruptcy proceedings
total
loan
balance 0.37 0.38 0.33 -0.01 0.04
Other delinquent loans 1.28 1.17 2.01 0.11 -0.73
Loans more than 3 months past
due 0.65 0.10 0.15 0.55 0.50
Restructured loans 1.97 2.49 3.82 -0.52 -1.85
Total Loans under risk
management 4.28 4.13 6.32 0.15 -2.04
---------------------------------------------------------------------------------------------------------------------
(4) Banking a/c and principal guaranteed trust a/c combined (Non-consolidated)
---------------------------------------------------------------------------------------------------------------------
Millions of Yen
----------------------------------------------------------------------------
Change from Change from Sep. 2002
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003
---------------------------------------------------------------------------------------------------------------------
Risk Loans in bankruptcy proceedings
managed
loans 16,532 20,518 15,319 -3,985 1,212
Other delinquent loans 139,430 182,569 324,354 -43,138 -184,923
Loans more than 3 months past
due 19,053 2,719 7,048 16,334 12,005
Restructured loans 194,158 193,784 229,394 373 -35,236
Total Loans under risk
management 369,175 399,591 576,116 -30,416 -206,941
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Total Loan Balance 10,329,866 10,711,974 10,764,479 -382,108 -434,613
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Percentage points
---------------------------------------------------------------------------------------------------------------------
% to Loans in bankruptcy proceedings
total
loan
balance 0.16 0.19 0.14 -0.03 0.02
Other delinquent loans 1.35 1.70 3.01 -0.35 -1.66
Loans more than 3 months past
due 0.18 0.03 0.07 0.15 0.11
Restructured loans 1.88 1.81 2.13 0.07 -0.25
Total Loans under risk
management 3.57 3.73 5.35 -0.16 -1.78
---------------------------------------------------------------------------------------------------------------------
10. Final disposal of non-performing loans
(Banking a/c and principal guaranteed trust a/c combined) (Non-consolidated)
(1) Loans outstanding in doubtful or worse categories as of Sep. 2000 and
disposal thereafter
------------------------------------------------------------------------------------------------
a. Outstanding amount
------------------------------------------------------------------------------------------------
Billions of Yen
------------------------------------------------------
Sep.2000 Mar. 2001 Sep.2001 Mar. 2002
------------------------------------------------------------------------------------------------
Loans in bankrupt/practically bankrupt 112.1 82.7 89.9 38.4
Doubtful loans 614.7 377.5 277.7 240.2
Total 726.8 460.2 367.6 278.6
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
Billions of Yen
------------------------------------------------------
Sep.2002 Mar. 2003 Sep. 2003
---------------------------
Change from
Mar. 2003
------------------------------------------------------------------------------------------------
Loans in bankrupt/practically bankrupt 55.9 14.3 13.0 -1.3
Doubtful loans 159.4 72.7 72.0 -0.7
Total 215.3 86.9 84.9 -2.0
------------------------------------------------------------------------------------------------
(A) (B)
b. Breakdown by disposal methods
-----------------------------------------------------------------------------------
Billions of
Yen
---------------------------
1HFY2003
-----------------------------------------------------------------------------------
Liquidation 36.6
Reconstruction 0.0
Financial condition improvement along with
reconstruction -
Outright sales 0.1
Direct write-
offs -36.0
Others 1.3
Collection/ repayment 1.3
Financial condition improvement -
Total 2.0 (B)
-----------------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of (A))
-----------------------------------------------------------------------------------
Billions of Yen
---------------------------
1HFY2003
-----------------------------------------------------------------------------------
Legal
liquidation 11.9
Quasi legal liquidation 2.0
Divided into good company and bad company -
Residual of small amount loans after partial write-offs 0.3
Entrusted to RCC 70.6
Total 84.8
-----------------------------------------------------------------------------------
(2) New entry to doubtful or worse categories during 2HFY2000 and disposal
thereafter
-----------------------------------------------------------------------------------
a. Outstanding amount
------------------------------------------------------------------------------------------------
Billions of Yen
------------------------------------------------------
Mar. 2001 Sep.2001 Mar. 2002 Sep.2002
------------------------------------------------------------------------------------------------
Loans in bankrupt/practically bankrupt 2.7 0.7 1.3 7.4
Doubtful loans 34.5 29.4 26.4 5.5
Total 37.2 30.1 27.6 12.8
------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
Billions of Yen
-----------------------------------------
Mar. 2003 Sep. 2003
---------------------------
Change from
Mar. 2003
------------------------------------------------------------------------------------------------
Loans in bankrupt/practically bankrupt 6.4 6.9 0.5
Doubtful loans 5.2 2.5 -2.7
Total 11.6 9.5 -2.1
-----------------------------------------------------------------------------------
(C) (D)
b. Breakdown by disposal methods
-----------------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
-----------------------------------------------------------------------------------------
Liquidation -
Reconstruction 0.1
Financial condition improvement along with reconstruction -
Outright sales -
Direct write-offs 1.5
Others 0.6
Collection/ repayment 0.6
Financial condidion improvement 0.0
Total 2.1 (D)
-----------------------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of (C))
-----------------------------------------------------------------------------------------
Billions of
Yen
-----------------------------
1HFY2003
-----------------------------------------------------------------------------------------
Legal liquidation 1.1
Quasi legal liquidation -
Divided into good company and bad company -
Residual of small amount loans after partial write-offs 0.0
Entrusted to RCC -
Total 1.1
-----------------------------------------------------------------------------------------
(3) New entry to doubtful or worse categories during 1HFY2001 and disposal thereafter
-----------------------------------------------------------------------------------------
a. Outstanding amount
-----------------------------------------------------------------------------------------
Billions of Yen
-------------------------------------------
Sep. 2001 Mar. 2002 Sep.2002
-----------------------------------------------------------------------------------------
Loans in bankrupt/ practically bankrupt 3.4 2.8 1.5
Doubtful loans 54.6 46.1 33.9
Total 58.0 48.9 35.4
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Billions of Yen
-------------------------------------------
Mar. 2003 Sep. 2003
-----------------------------
Change from Mar. 2003
-----------------------------------------------------------------------------------------
Loans in bankrupt/ practically bankrupt 2.7 1.2 -1.6
Doubtful loans 22.5 14.8 -7.7
Total 25.2 16.0 -9.3
-----------------------------------------------------------------------------------------
(E) (F)
b. Beakdown by disposal methods
-----------------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
-----------------------------------------------------------------------------------------
Liquidation -
Reconstruction 11.1
Financial Condition improvement along with reconstruction -
Outright Sales -
Direct Write-offs -3.2
Others 1.3
Collection/Repayment 1.2
Financial Condition Improvement 0.2
Total 9.3 (F)
-----------------------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of (E))
----------------------------------------------------------------------------
Billions of Yen
--------------------------
1HFY2003
----------------------------------------------------------------------------
Legal
liquidation 0.9
Quasi legal liquidation -
Divided into good company and bad
company 5.8
Residual of small amount loans after partial
write-offs -
Entrusted to RCC -
Total 6.8
----------------------------------------------------------------------------
(4) New entry to doubtful or worse categories during 2HFY2001 and disposal
thereafter
----------------------------------------------------------------------------
a. Outstanding amount
----------------------------------------------------------------------------
Billions of Yen
---------------------------------------
Mar. 2002 Sep.2002 Mar. 2003
----------------------------------------------------------------------------
Loans in Bankrupt/Practically
Bankrupt 4.8 2.5 2.1
Doubtful Loans 111.7 53.7 17.0
Total 116.5 56.1 19.1
----------------------------------------------------------------------------
a. Outstanding amount
---------------------------------------------------------------
Billions of Yen
--------------------------
Sep. 2003
--------------------------
Change from Mar. 2003
----------------------------------------------------------------------------
Loans in Bankrupt/Practically
Bankrupt 1.3 -0.8
Doubtful Loans 8.1 -8.9
Total 9.4 -9.7
---------------------------------------------------------------
(G) (H)
b. Beakdown by disposal methods
----------------------------------------------------------------------------
Billions of Yen
--------------------------
1HFY2003
----------------------------------------------------------------------------
Liquidation -
Reconstruction 0.5
Financial condition improvement along with
reconstruction -
Outright sales 4.6
Direct write-
offs -0.3
Others 4.8
Collection/ repayment 4.5
Financial condidion improvement 0.3
Total 9.7 (H)
----------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of (G))
----------------------------------------------------------------------------
Billions of Yen
--------------------------
1HFY2003
----------------------------------------------------------------------------
Legal
liquidation 0.3
Quasi legal liquidation -
Divided into good company and bad
company -
Residual of small amount loans after partial
write-offs 1.0
Entrusted to RCC -
Total 1.3
----------------------------------------------------------------------------
(5) New entry to doubtful or worse categories during 1HFY2002 and disposal
thereafter
----------------------------------------------------------------------------
a. Outstanding amount
---------------------------------------------------------------------------------------------
Billions of Yen
--------------------------------------------------------
Sep.2002 Mar. 2003 Sep. 2003
------------------------------
Change from
Mar. 2003
---------------------------------------------------------------------------------------------
Loans in Bankrupt/ Practically
Bankrupt 2.9 1.8 1.3 -0.5
Doubtful Loans 21.3 14.9 11.4 -3.5
Total 24.2 16.7 12.7 -4.0
---------------------------------------------------------------------------------------------
(I) (J)
b. Beakdown by disposal methods
---------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
---------------------------------------------------------------------------------
Liquidation -
Reconstruction 0.8
Financial Condition improvement along with
reconstruction -
Outright Sales -
Direct Write-offs -0.6
Others 3.9
Collection/Repayment 3.7
Financial Condition Improvement 0.2
Total 4.0 (J)
---------------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of
(I))
---------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
---------------------------------------------------------------------------------
Legal liquidation 1.1
Quasi legal liquidation 0.2
Divided into good company and bad
company -
Residual of small amount loans after partial write-
offs 0.3
Entrusted to RCC -
Total 1.5
---------------------------------------------------------------------------------
(6) New entry to doubtful or worse categories during 2HFY2002 and disposal
thereafter
---------------------------------------------------------------------------------
a. Outstanding amount
---------------------------------------------------------------------------------
Billions of Yen
-------------------------------------------
Mar. 2003 Sep. 2003
-----------------------------
Change from
Mar. 2003
--------------------------------------------------------------------------------
Loans in bankrupt/ practically
bankrupt 1.8 1.2 -0.6
Doubtful loans 44.3 9.0 -35.3
Total 46.1 10.2 -35.9
---------------------------------------------------------------------------------
(K) (L)
b. Beakdown by disposal methods
---------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
---------------------------------------------------------------------------------
Liquidation -
Reconstruction 7.1
Financial Condition improvement along with
reconstruction 19.1
Outright Sale 0.8
Direct Write-off 1.5
Others 7.3
Collection/Repayment 6.9
Financial Condition Improvement 0.4
Total 35.9 (L)
---------------------------------------------------------------------------------
c. Quasi final disposal or in the process of final disposal (out of (K))
---------------------------------------------------------------------------------
Billions of Yen
-----------------------------
1HFY2003
---------------------------------------------------------------------------------
Legal liquidation 0.9
Quasi legal liquidation -
Divided into good company and bad
company -
Residual of small amount loans after partial write-
offs 0.3
Entrusted to RCC -
Total 1.2
---------------------------------------------------------------------------------
(7) New entry to doubtful or worse categories during 1HFY2003
-------------------------------------------------------
a. Outstanding amount
-------------------------------------------------------
Billions of Yen
---------------
Sep.2003
-------------------------------------------------------
Loans in bankrupt/ practically bankrupt 0.9
Doubtful loans 15.8
Total 16.7
-------------------------------------------------------
(M)
(8) Historical balance of doubtful or worse loans
------------------------------------------------------------------------------------------------------------------
Billions of Yen
--------------------------------------------------------------------------
Sep.2000 Mar. 2001 Sep.2001 Mar. 2002
------------------------------------------------------------------------------------------------------------------
Loans in bankrupt/ practically bankrupt 112.1 85.4 93.9 47.2
Doubtful loans 614.7 412.0 361.8 424.4
Total 726.8 497.5 455.7 471.6
------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------
Billions of Yen
--------------------------------------------------------------------------
Sep.2002 Mar. 2003 Sep. 2003
---------------------------------------------
Change from Mar. 2003
------------------------------------------------------------------------------------------------------------------
Loans in bankrupt/ practically bankrupt 70.1 29.0 25.7 -3.3
Doubtful loans 273.7 176.7 133.6 -43.0
Total 343.8 205.7 159.4 -46.3
------------------------------------------------------------------------------------------------------------------
(N) (O)
(N)=(A)+(C)+(E)+(G)+(I)+(K)+(M)
(O)=(B)+(D)+(F)+(H)+(J)+(L)+(M)
11. Loans by industry
After partial direct write-offs
(1) Loans by industry (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Millions of
Yen
-------------------------------------------------------------------------------------
Sep. 2003 Mar. 2003
-------------------------------------------------------------------------------------
Trust a/c Trust a/c
Banking a/c (*) Banking + trust a/c Banking a/c (*)Banking + trust a/c
-----------------------
Change from Mar.2003
---------------------------------------------------------------------------------------------------------------
Domestic Branches 8,653,322 1,499,722 10,153,044 -369,519 8,760,658 1,761,904 10,522,563
(excluding offshore)
Manufacturing 1,312,278 106,481 1,418,759 -70,281 1,334,972 154,067 1,489,040
Agriculture 1,705 - 1,705 240 1,465 - 1,465
Forestry 283 - 283 -516 799 - 799
Fishing 1,725 - 1,725 - 1,725 - 1,725
27
Mining 3,981 1,348 5,329 233 4,686 410 5,096
Construction 174,899 31,874 206,773 -23,953 180,224 50,502 230,726
Energy and utilities 91,604 159,806 251,411 -71,122 157,828 164,705 322,533
Communication 278,789 5,947 284,735 -22,925 297,687 9,974 307,660
Transportation 465,610 218,537 684,147 -48,899 489,442 243,604 733,046
Wholesale and retail 840,234 55,753 895,987 -16,352 850,035 62,303 912,339
Finance and insurance 2,245,199 292,417 2,537,616 -64,666 2,215,804 386,477 2,602,282
Real estate 854,330 181,173 1,035,503 -89,753 920,789 204,468 1,125,256
Various services 1,139,914 164,210 1,304,124 -33,406 1,150,468 187,062 1,337,530
Others 1,242,773 282,176 1,524,947 71,881 1,154,735 298,332 1,453,066
Overseas branches and
offshore 365,555 - 365,555 -41,810 407,365 - 407,365
Total 9,018,876 1,499,722 10,518,598 -411,330 9,168,024 1,761,904 10,929,929
---------------------------------------------------------------------------------------------------------------
(2) Risk managed loans by industry (Non-consolidated)
---------------------------------------------------------------------------------------------------------------
Millions of Yen
-------------------------------------------------------------------------------------
Sep. 2003 Mar. 2003
-------------------------------------------------------------------------------------
Trust a/c Trust a/c
Banking a/c (*) Banking + trust a/c Banking a/c (*) Banking + trust a/c
-----------------------
Change from
Mar.2003
---------------------------------------------------------------------------------------------------------------
Domestic Branches 300,434 56,061 356,496 -20,580 313,257 63,819 377,077
(excluding offshore)
Manufacturing 15,493 705 16,199 1,673 13,035 1,490 14,525
Agriculture - - - - - - -
Forestry - - - - - - -
Fishing - - - - - - -
Mining - - - - - - -
Construction 77,152 11,541 88,694 5,128 69,709 13,855 83,565
Energy and utilities - - - - - - -
Communication 55 20 76 -20 58 37 96
Transportation 7,870 2,537 10,408 192 7,604 2,611 10,215
Wholesale and retail 29,594 3,136 32,730 -2,296 31,872 3,154 35,027
Finance and insurance 4,261 469 4,730 1,860 2,368 501 2,869
Real estate 117,679 16,392 134,072 -27,526 142,322 19,275 161,598
Various services 34,033 13,753 47,787 -333 33,375 14,744 48,120
Others 14,293 7,503 21,797 739 12,909 8,148 21,057
Overseas branches and
offshore 12,678 - 12,678 -9,835 22,514 - 22,514
Total 313,113 56,061 369,175 -30,416 335,771 63,819 399,591
---------------------------------------------------------------------------------------------------------------
(*) Trust a/c is principal guaranteed trust a/c
12. Overseas loan portfolio (Non-consolidated)
(1) Overseas loan exposures by borrowers' location
--------------------------------------------------------------------------------------------
Millions of Yen
-------------------------------------------------------------------
Sep. 2003 Mar. 2003 Change from
Mar. 2003
----------------------------------------
Total Japanese Non-Japanese
affiliates
--------------------------------------------------------------------------------------------
North
America 185,629 95,433 90,195 202,443 -16,813
Europe 84,860 29,844 55,015 99,961 -15,101
Asia 104,582 86,430 18,152 104,158 424
--------------------------------------------------------------------------------------------
(2) Risk managed loans by borrowers' location
--------------------------------------------------------------------------------------------
Millions of Yen
-------------------------------------------------------------------
Sep. 2003 Mar. 2003 Change from
Mar. 2003
----------------------------------------
Total Japanese Non-Japanese
affiliates
--------------------------------------------------------------------------------------------
North
America 10,249 6,509 3,739 11,623 -1,373
Europe 2,151 38 2,112 4,785 -2,634
Asia 5,729 717 5,012 10,375 -4,645
--------------------------------------------------------------------------------------------
13. Reserves for possible loan losses
(1) Banking a/c (Consolidated)
--------------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------------------------------------
Sep. 2003 Mar. 2003 Sep. 2002 Change from Change from Sep.
Mar. 2003 2002
--------------------------------------------------------------------------------------------------------------
Reserves for possible loan losses 113,853 139,060 165,141 -25,206 -51,288
General reserves 78,397 88,243 83,961 -9,845 -5,563
Specific loan loss
reserves 34,917 49,915 80,098 -14,998 -45,180
Reserves for loans to borrowers in
specific foreign countries 538 900 1,081 -362 -543
--------------------------------------------------------------------------------------------------------------
(2) Banking a/c (Non-consolidated)
--------------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------------------------------------
Sep. 2003 Mar. 2003 Sep. 2002 Change from Change from
Mar. 2003 Sep. 2002
--------------------------------------------------------------------------------------------------------------
Reserves for possible loan losses 111,281 136,094 161,438 -24,812 -50,156
General reserves 77,909 87,534 83,000 -9,625 -5,090
Specific loan loss
reserves 32,834 47,658 77,356 -14,823 -44,522
Reserves for loans to borrowers in
specific foreign countries 538 900 1,081 -362 -543
--------------------------------------------------------------------------------------------------------------
(3) Principal guaranteed trust a/c (Non-consolidated)
--------------------------------------------------------------------------------------------------------------
Millions of Yen
-----------------------------------------------------------------------
Sep. 2003 Mar. 2003 Sep. 2002 Change from Change from
Mar. 2003 Sep. 2002
--------------------------------------------------------------------------------------------------------------
Reserves for loan trust 10,075 12,003 15,191 -1,927 -5,115
Reserves for jointly-operated money
trust 674 844 937 -170 -262
Total 10,749 12,847 16,128 -2,098 -5,378
--------------------------------------------------------------------------------------------------------------
14. Balance of major accounts (Banking a/c) (Non-consolidated)
-------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------
Deposits (Ending
balance) 8,555,154 8,689,399 8,434,581 -134,245 120,572
(Average
balance) 8,578,877 8,187,326 8,077,708 391,550 501,169
Loans (Ending
balance) 9,018,876 9,168,024 9,005,920 -149,147 12,956
(Average
balance) 8,831,478 8,838,309 8,719,112 -6,830 112,366
-------------------------------------------------------------------------------------------------------
(Ending balance of domestic deposits classified by depositors)
-------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------
Individuals 5,683,482 5,395,585 5,029,757 287,896 653,724
Corporates 2,032,405 2,315,006 2,141,956 -282,601 -109,551
Total 7,715,887 7,710,591 7,171,714 5,295 544,173
-------------------------------------------------------------------------------------------------------
(*) Excluding NCDs and offshore accounts
15. Balance of major accounts (Principal guaranteed trust a/c) (Non-
consolidated)
-------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------
Principal Jointly Ending
operated balance
money trust 956,829 968,763 985,256 -11,934 -28,427
Average
balance 954,313 996,519 1,037,173 -42,206 -82,860
--------------------------------------------------------------------------------------------
Loan trust Ending
balance 1,732,079 2,110,727 2,498,355 -378,647 -766,275
Average
balance 1,911,746 2,557,960 2,816,169 -646,213 -904,423
--------------------------------------------------------------------------------------------
Total Ending
balance 2,688,909 3,079,490 3,483,612 -390,581 -794,703
Average
balance 2,866,059 3,554,479 3,853,343 -688,419 -987,283
-------------------------------------------------------------------------------------------------------
Loans Jointly Ending
operated balance
money trust 223,961 280,574 311,468 -56,612 -87,506
Average
balance 264,772 304,596 301,255 -39,823 -36,482
--------------------------------------------------------------------------------------------
Loan trust Ending
balance 1,087,027 1,263,376 1,447,090 -176,348 -360,063
Average
balance 1,177,616 1,474,071 1,539,883 -296,454 -362,266
--------------------------------------------------------------------------------------------
Total Ending
balance 1,310,989 1,543,950 1,758,559 -232,961 -447,570
Average
balance 1,442,389 1,778,668 1,841,139 -336,278 -398,749
-------------------------------------------------------------------------------------------------------
(Ending principal balance classified by customers)
-------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------
Change from Change from
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003 Sep. 2002
-------------------------------------------------------------------------------------------------------
Individuals 2,116,704 2,423,465 2,780,553 -306,761 -663,849
Corporates 572,178 655,998 703,032 -83,820 -130,853
Others 26 26 26 -0 -0
Total 2,688,909 3,079,490 3,483,612 -390,581 -794,703
-------------------------------------------------------------------------------------------------------
16. Loans and consumer-loans to small and mid-sized corporations
(Banking a/c and principal guaranteed trust a/c combined) (Non-consolidated)
-----------------------------------------------------------------------------------------------------------------------
Percentage points, Millions of Yen
--------------------------------------------------------------------------------------
Change from Change from Sep. 2002
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003
-----------------------------------------------------------------------------------------------------------------------
Percentage to total loan balance 45.1 43.3 43.2 1.8 1.9
Loan balance 4,586,678 4,562,023 4,522,423 24,655 64,255
-----------------------------------------------------------------------------------------------------------------------
17. Consumer loans
(Banking a/c and principal guaranteed trust a/c combined) (Non-consolidated)
-----------------------------------------------------------------------------------------------------------------------
Millions of Yen
--------------------------------------------------------------------------------------
Change from Change from Sep. 2002
Sep. 2003 Mar. 2003 Sep. 2002 Mar. 2003
-----------------------------------------------------------------------------------------------------------------------
Residential mortgage loans 851,023 788,348 747,186 62,675 103,836
Other consumer loans 419,670 430,584 462,661 -10,914 -42,990
Total 1,270,694 1,218,933 1,209,847 51,760 60,846
-----------------------------------------------------------------------------------------------------------------------