UFJ Holdings Inc.
UFJ HOLDINGS, INC.
Mitsubishi Tokyo Financial Group, Inc.
UFJ Holdings, Inc.
The Bank of Tokyo-Mitsubishi, Ltd.
UFJ Bank Limited
The Mitsubishi Trust and Banking Corporation
UFJ Trust Bank Limited
Mitsubishi Securities Co., Ltd.
UFJ Tsubasa Securities Co., Ltd.
Basic Agreement Regarding the Management Integration
of Mitsubishi Tokyo Financial Group and UFJ Group
Mitsubishi Tokyo Financial Group, Inc. (MTFG; President and CEO: Nobuo
Kuroyanagi), UFJ Holdings, Inc. (UFJ; President and CEO: Ryosuke
Tamakoshi), The Bank of Tokyo-Mitsubishi, Ltd. (BTM; President: Nobuo
Kuroyanagi), UFJ Bank Limited (UFJ Bank; President: Takamune Okihara),
The Mitsubishi Trust and Banking Corporation (MTB; President: Haruya
Uehara), UFJ Trust Bank Limited (UFJ Trust Bank; President: Shintaro
Yasuda), Mitsubishi Securities Co., Ltd. (Mitsubishi Securities;
President: Koichi Kane) and UFJ Tsubasa Securities Co., Ltd. (UFJ
Tsubasa Securities; President: Kimisuke Fujimoto) have, subject to the
approval by the shareholders and the relevant authorities, concluded a
basic agreement with regard to the management integration of the
holding companies, banks, trust banks and securities companies of the
two groups.
1. Outline of Management Integration
(i) As the needs of customers in Japan and abroad become diversified and
sophisticated, Mitsubishi Tokyo Financial Group and UFJ Group aim, through their
management integration, to create a "premier comprehensive global financial
group" that is competitive worldwide, and to provide customers with products and
services of the highest quality.
(ii) By this management integration, we will create a highly competitive group
with strong presence in the core financial business areas, such as banking,
trust business, securities, asset management, credit card, consumer finance, and
lease. Through a close collaboration among the group companies, we will
strengthen our organizational capabilities to respond comprehensively and
flexibly to a wide variety of our customers' financial needs.
(iii) In the domestic market, the new comprehensive financial group's network
will be well-balanced geographically among the Tokyo, Nagoya and Osaka
metropolitan areas, while in overseas markets, it will have the number one
global network among Japanese banking groups. The new group will also have a
diverse customer base ranging from individual customers, small and medium-sized
companies to large companies. The combination of the two groups will be
extremely complementary in terms of business operations and branch networks. By
leveraging the respective strengths of each group, and by further pursuing
efficiencies throughout the new group, we will aim to improve the standard of
our products and services and seek to provide significant benefits expected from
this management integration to our customers and shareholders.
(iv) Two groups will be integrated based on equal spirit. Furthermore, founded
on the key principles of trust and reliability, both groups will foster a
corporate culture that will fully realize the abilities of our personnel, aim to
significantly strengthen corporate governance, and will contribute to the
prosperity of our customers, society and the economy, and to raise shareholder
value as a reliable comprehensive financial services group.
2. Integration structure
We are considering the integration structures as follows.
(i) Holding companies
Mitsubishi Tokyo Financial Group, Inc and UFJ Holdings, Inc. will merge, with
MTFG as the surviving company.
(ii) Banks
The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited will merge, with BTM, a
wholly-owned subsidiary of the new holding company, as the surviving company.
(iii) Trust banks
The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank Limited will
merge, with MTB, a wholly-owned subsidiary of the new holding company, as the
surviving company.
(iv) Securities companies
Mitsubishi Securities Co., Ltd. and UFJ Tsubasa Securities Co., Ltd. will merge,
with Mitsubishi Securities as the surviving company, and becoming a directly or
indirectly owned subsidiary of the new holding company.
(v) Group companies other than banks, trust banks and securities companies
In order to realize the purpose of management integration, group companies other
than banks, trust banks and securities companies will consider the integration
after receiving the cooperation of the relevant companies, if necessity arises.
3. Integration schedule
The integration of the two groups' holding companies, banks, trust banks and
securities companies is targeted for completion by October 1, 2005, subject to
receiving approval from the relevant authorities as stipulated by law.
4. Company names
(i) The planned name of the new holding company is Kabushikikaisha Mitsubishi
UFJ Holdings in Japanese, and Mitsubishi UFJ Holdings, Inc. in English
(ii) The planned name of the new bank is Kabushikikaisha Mitsubishi Tokyo UFJ
Ginko in Japanese, and The Bank of Tokyo-Mitsubishi UFJ, Ltd. in English
(iii) The planned name of the new trust bank is Mitsubishi UFJ Shintaku Ginko
Kabushikikaisha in Japanese, and Mitsubishi UFJ Trust and Banking Corporation in
English
(iv) The planned name of the new securities company is Mitsubishi UFJ Shouken
Kabushikikaisha in Japanese, and Mitsubishi UFJ Securities Co., Ltd. in English
5. Locations of Headquarters
(i) New holding company
The current headquarters of MTFG (Chiyoda-ku, Tokyo)
(ii) New bank
The current headquarters of BTM (Chiyoda-ku, Tokyo)
(iii) New trust bank
The current headquarters of MTB (Chiyoda-ku, Tokyo)
(iv) New securities company
The current headquarters of Mitsubishi Securities (Chiyoda-ku, Tokyo)
6. Representatives (Planned)
(i) New holding company
Chairman : Ryosuke Tamakoshi; Deputy Chairman: Haruya Uehara;
President : Nobuo Kuroyanagi
(ii) New bank
Chairman : Shigemitsu Miki; Deputy Chairman : Ryosuke Tamakoshi;
President : Nobuo Kuroyanagi; Deputy President : Takamune Okihara
(iii) New trust bank
Chairman : Akio Utsumi; President : Haruya Uehara;
Deputy President : Shintaro Yasuda
(iv) New securities company
Chairman : Yasumasa Gomi; Deputy Chairman: Koichi Kane;
President: Kimisuke Fujimoto
7. Integration Ratio
The respective merger or other integration ratios for the holding companies,
banks, trust banks and securities companies will be decided on the basis of
forthcoming discussions considering rational assessments, including valuation
reports by outside institutions.
The organization, capital, specific integration procedures, and other matters
regarding the new holding company, new bank, new trust bank and new securities
company will be decided on the basis of forthcoming discussions.
8. Stock Exchange listings
It is planned that the new holding company will be listed in Japan on the stock
exchanges of Tokyo, Osaka and Nagoya, and overseas on the stock exchanges of New
York and London.
9. Business tie-ups
Prior to integration, the holding companies, banks, trust banks and securities
companies will, in order to improve customers' convenience and enhance our
service standard, enter into business tie-ups in accordance with the purpose and
spirit of management integration.
10. Organization to promote integration
To promote prompt and smooth integration of management and operation, an
integration committee will be established with the president of MTFG as
committee chairman and the president of UFJ Holdings as deputy chairman.
A bank integration committee, a trust bank integration committee, and a
securities company integration committee will also be established at banks,
trust banks and securities companies, respectively.
The purpose of management integration of MTFG and UFJ is to create a "premier
comprehensive global financial group" that is competitive worldwide to provide
products and services of the highest quality from the customer-oriented point of
view. In order to realize this purpose, we would like related parties to share
the spirit of our management integration.
This press release contains forward-looking statements relating to the parties
referred to in the press release. Forward-looking statements are inherently
susceptible to uncertainties, risks and changes in circumstances and are not
guarantees of future performance. They may prove to be incorrect and may not be
realized in the future due to a wide range of reasons. In light of the many
risks, uncertainties and possible changes, you are advised not to put undue
reliance on the forward-looking statements. The parties are under no obligation,
and expressly disclaims any obligation, to update or alter the forward-looking
statements, except as may be required by any applicable laws and regulations or
stock exchange rules.
Reference: Complementarity in operations and regions
Lending portfolios (As at end March 2004)
Since over half (53%) of MTFG's lending is to large companies, etc or
overseas borrowers and UFJ's lending is weighted towards medium- and
small-sized companies and individuals (64%), the management
integration will enable us to create a balanced portfolio. Note: MTFG
figures are the sum of the non-consolidated figures of BTM and MTBC
(Banking accounts + Trust accounts). UFJ figures are the sum of the
non-consolidated figures of UFJ Bank (including two separated
subsidiaries) and UFJ Trust Bank (Banking accounts + Trust accounts).
Domestic and overseas networks (As at end March 2004)
77% of MTFG's domestic branches are concentrated in Eastern Japan
while in contrast UFJ is more balanced with 28% of its branches in
Central Japan and 34% in Western Japan. MTFG has the leading overseas
network among Japanese banks with 81 locations. Integration of the two
groups should thus be highly complementary.
Outline of the Groups (1)
[Group Consolidated]
(Consolidated, as of end March 2004)
------------------------------------------------------------------------------------------------------------------------
Mitsubishi Tokyo Financial Group, UFJ Holdings, Inc. Combined
Inc.
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Date of establishment April 2, 2001 April 2, 2001 -
---------------------------------------------------------------------- ------------------------------------------------
Registered Head Office 2-4-1, Marunouchi, Chiyoda-ku, Tokyo 3-5-6, Fushimimachi, Chuo-ku, Osaka -
---------------------------------------------------------------------- ------------------------------------------------
Representative Nobuo Kuroyanagi, President & CEO Ryosuke Tamakoshi, President & CEO -
---------------------------------------------------------------------- ------------------------------------------------
Shareholders capital Yen 1,258,052 million Yen 1,000,000 million -
---------------------------------------------------------------------- ------------------------------------------------
Number of Outlets (Note 1) 396 485 881
In Japan 315 459 774
Overseas 81 26 107
---------------------------------------------------------------------- ------------------------------------------------
Number of consolidated employees
(Note 2) 43,627 34,269 77,896
---------------------------------------------------------------------- ------------------------------------------------
Total assets Yen 106,615.4 billion Yen 82,134.4 billion Yen 188,749.9
billion
---------------------------------------------------------------------- ------------------------------------------------
Deposits Yen 66,097.5 billion Yen 52,975.7 billion Yen 119,073.3
billion
---------------------------------------------------------------------- ------------------------------------------------
Loans Yen 46,590.1 billion Yen 42,462.6 billion Yen 89,052.7
billion
---------------------------------------------------------------------- ------------------------------------------------
Net assets Yen 4,295.2 billion Yen 1,665.0 billion Yen 5,960.3
billion
---------------------------------------------------------------------- ------------------------------------------------
Trust assets (Note 3) Yen 55,876.3 billion Yen 36,184.8 billion Yen 92,061.2
billion
---------------------------------------------------------------------- ------------------------------------------------
Gross business profit (Note 4) Yen 1,773.5 billion Yen 1,625.2 billion Yen 3,398.8
billion
---------------------------------------------------------------------- ------------------------------------------------
Net business profit (Note 5) Yen 793.1 billion Yen 921.5 billion Yen 1,714.7
billion
---------------------------------------------------------------------- ------------------------------------------------
BIS capital ratio
(International Standard) 12.95% 9.24% 11.24%
Tier1 Ratio 7.14% 4.70% 6.02%
---------------------------------------------------------------------- ------------------------------------------------
Deferred tax assets outstanding Yen 655.5 billion Yen 1,395.7 billion Yen 2,051.3
(net) billion
Ratio of DTA to Tier1 Capital 16.9% 64.1% 33.9%
---------------------------------------------------------------------- ------------------------------------------------
Number of shares outstanding 6,572 thousand 5,824 thousand -
Common shares 6,476 thousand 5,093 thousand -
Preferred shares 96 thousand 731 thousand -
---------------------------------------------------------------------- ------------------------------------------------
Name Percentage Name Percentage
held of held of
total total
shares in shares in
issue issue
------------------------------------ ------------------------------------------------
Japan Trustee Services
Bank, Ltd. (Trust State Street Bank and
Account) 6.32% Trust Company 505010 5.30%
The Master Trust Bank of
Japan, Ltd. (Trust Japan Trustee Services Bank,
Account) 4.78% Ltd. (Trust Account) 4.93%
Major Shareholders State Street Bank and The Master Trust Bank of Japan,
Trust Company 3.31% Ltd.(Trust Account) 4.34%
Hero & Co. State Street Bank and
2.75% Trust Company 2.89%
Meiji Yasuda Life
Insurance Company Nippon Life Insurance
(Pension trust account) 2.70% Company 2.74%
The Tokio Marine and Fire
Insurance Co., Ltd. 2.26% Toyota Motor Corporation 2.69%
---------------------------------------------------------------------- ------------------------------------------------
Notes: 1. Figures of MTFG are aggregates of Bank of Tokyo-Mitsubishi and Mitsubishi Trust and Banking Corporation,
those of UFJ Holdings are aggregates of UFJ Bank and UFJ Trust Bank
2. Figures include local employees in overseas offices and do not include temporary and part-time employees
3. Figures include trust assets under the Service-Shared Co-Trusteeship
4. Before credit costs for trust accounts
5. Before credit costs for trust accounts and provision for formula allowance for loan losses
Outline of the Groups (2)
[Commercial Banks]
(Non-consolidated, as of end March 2004)
------------------------------------------------------------------------------------------------------------------------
The Bank of Tokyo-Mitsubishi, Ltd. UFJ Bank Ltd. Combined
----------------------------------------------------------------------- -----------------------------------------------
Date of establishment August 1919 December 1933 -
----------------------------------------------------------------------- -----------------------------------------------
Registered Head Office 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 3-21-24, Nishiki, Naka-ku, Nagoya -
----------------------------------------------------------------------- -----------------------------------------------
Representative Nobuo Kuroyanagi, President Takamune Okihara, President -
----------------------------------------------------------------------- -----------------------------------------------
Shareholders capital Yen 871,973 million Yen 843,582 million -
----------------------------------------------------------------------- -----------------------------------------------
Credit rating A-(S&P) BBB(S&P) -
(As of August 11, 2004) A2(Moodys) A3(Moodys) -
----------------------------------------------------------------------- -----------------------------------------------
Number of Outlets (Note 1) 340 446 786
In Japan 267 420 687
Overseas 73 26 99
----------------------------------------------------------------------- -----------------------------------------------
Number of Employees (Note 2) 17,714 16,911 34,625
----------------------------------------------------------------------- -----------------------------------------------
Total assets Yen 76,437.4 billion Yen 70,712.5 billion Yen 147,149.9
billion
----------------------------------------------------------------------- -----------------------------------------------
Deposits Yen 51,819.4 billion Yen 48,813.9 billion Yen 100,633.3
billion
----------------------------------------------------------------------- -----------------------------------------------
Loans Yen 34,816.6 billion Yen 37,876.3 billion Yen 72,693.0
billion
----------------------------------------------------------------------- -----------------------------------------------
Net assets Yen 3,142.2 billion Yen 1,577.9 billion Yen 4,720.2
billion
----------------------------------------------------------------------- -----------------------------------------------
BIS capital ratio (Consolidated,
International Standard) 11.97% 8.36% 10.21%
Tier 1 ratio 6.52% 4.27% 5.42%
----------------------------------------------------------------------- -----------------------------------------------
Disclosed claims under Financial Yen 992.7 billion Yen 3,556.3 billion Yen 4,549.0
Revitalization Law (Note 3) billion
Disclosed claims ratio under
Financial Revitalization Law
(Note 3) 2.55% 8.40% 5.60%
----------------------------------------------------------------------- -----------------------------------------------
Gross business profit (Note 3) Yen 925.3 billion Yen 1,198.2 billion Yen 2,123.5
billion
----------------------------------------------------------------------- -----------------------------------------------
Net business profit (Note3) Yen 466.8 billion Yen 708.1 billion Yen 1,174.9
billion
----------------------------------------------------------------------- -----------------------------------------------
Net profit Yen 359.7 billion (Yen 408.8 billion) (Yen 49.0
billion)
----------------------------------------------------------------------- -----------------------------------------------
Retail business
----------------------------------------------------------------------- -----------------------------------------------
Individual deposits in Yen Yen 25,862.5 billion Yen 24,114.8 billion Yen 49,977.3
billion
----------------------------------------------------------------- -----------------------------------------------
Individual deposits in Yen 808.7 billion Yen 486.9 billion Yen 1,295.6
foreign currencies billion
(@Yen110/$)
----------------------------------------------------------------- -----------------------------------------------
Loans to individual Yen 7,798.9 billion Yen 10,273.5 billion Yen 18,072.5
customers (Note 3) billion
----------------------------------------------------------------- -----------------------------------------------
New housing loan extension Yen 1,403.8 billion Yen 1,609.6 billion Yen 3,013.4
(Note 4) billion
----------------------------------------------------------------------- -----------------------------------------------
Corporate business
----------------------------------------------------------------------- -----------------------------------------------
Loans to SMEs (Note 3) Yen 9,530.0 billion Yen 14,816.4 billion Yen 24,346.4
billion
----------------------------------------------------------------- -----------------------------------------------
Private placement bonds Yen 234.4 billion Yen 943.5 billion Yen 1,177.9
entrusted (Note 5) billion
----------------------------------------------------------------- -----------------------------------------------
ABCP (Note 6) Yen 1,998.9 billion Yen 939.2 billion Yen 2,938.1
billion
----------------------------------------------------------------- -----------------------------------------------
Volume of trade handling US$ 237.1 billion US$ 132.9 billion US$ 370.0
billion
----------------------------------------------------------------- -----------------------------------------------
Share of customs clearing 26.9% 15.1% 42.0%
----------------------------------------------------------------------- -----------------------------------------------
Notes:1. Figures include sub-branches and agencies
2. Figures exclude employees on external assignment and include the seconded from outside and local
employees in overseas offices. Figures do not include temporary and part-time employees.
3. Figures of UFJ Bank include those of 2 separated subsidiaries
4. New loan contracts for residential purpose
5. Figures exclude ABS
6. Figures are based on amount of negotiation of claimable assets
Outline of the Groups (3)
[Trust Banks]
(Non-consolidated, as of end March 2004)
------------------------------------------------------------------------------------------------------------------------
The Mitsubishi Trust and Banking UFJ Trust Bank Limited Combined
Corporation
----------------------------------------------------------------------- -----------------------------------------------
Date of establishment March 1927 November 1959 -
----------------------------------------------------------------------- -----------------------------------------------
Registered Head Office 1-4-5, Marunouchi, Chiyoda-ku, 1-4-3, Marunouchi, Chiyoda-ku,
Tokyo Tokyo -
----------------------------------------------------------------------- -----------------------------------------------
Representative Haruya Uehara, President Shintaro Yasuda, President -
----------------------------------------------------------------------- -----------------------------------------------
Shareholders capital Yen 324,279 million Yen 280,536 million -
----------------------------------------------------------------------- -----------------------------------------------
Credit rating A-(S&P) BBB(S&P) -
(As of August 11, 2004) A2(Moodys) A3(Moodys) -
----------------------------------------------------------------------- -----------------------------------------------
Number of Outlets (Note 1) 56 39 95
In Japan 48 39 87
Overseas 8 0 8
----------------------------------------------------------------------- -----------------------------------------------
Number of Employees (Note 2) 5,083 2,342 7,425
----------------------------------------------------------------------- -----------------------------------------------
Total assets Yen 19,364.2 billion Yen 6,097.8 billion Yen 25,462.0
billion
----------------------------------------------------------------------- -----------------------------------------------
Deposits Yen 10,844.7 billion Yen 3,112.0 billion Yen 13,956.8
billion
----------------------------------------------------------------------- -----------------------------------------------
Loans (Note 3) Yen 9,309.0 billion Yen 4,088.1 billion Yen 13,397.2
billion
----------------------------------------------------------------------- -----------------------------------------------
Net assets Yen 978.5 billion Yen 383.2 billion Yen 1,361.7
billion
----------------------------------------------------------------------- -----------------------------------------------
Trust assets (Note 4) Yen 55,876.3 billion Yen 36,184.8 billion Yen 92,061.2
billion
----------------------------------------------------------------------- -----------------------------------------------
BIS capital ratio (Consolidated,
International Standard) 15.03% 12.87% 14.40%
Tier 1 ratio 7.76% 8.72% 8.04%
----------------------------------------------------------------------- -----------------------------------------------
Disclosed claims under Financial Yen 426.3 billion Yen 393.0 billion Yen 819.3
Revitalization Law (Note 3) billion
Disclosed claims ratio under Financial
Revitalization Law (Note 3) 4.50% 9.56% 6.03%
----------------------------------------------------------------------- -----------------------------------------------
Gross business profit (Note 5,6) Yen 339.0 billion Yen 164.1 billion Yen 503.2
billion
----------------------------------------------------------------------- -----------------------------------------------
Net business profit (Note 6,7) Yen 188.0 billion Yen 86.4 billion Yen 274.5
billion
----------------------------------------------------------------------- -----------------------------------------------
Net profit (Note 6) Yen 122.7 billion Yen 33.2 billion Yen 155.9
billion
----------------------------------------------------------------------- -----------------------------------------------
Trust business
----------------------------------------------------------------------- -----------------------------------------------
Number of testamentary trust with
execution 8,626 5,423 14,049
Commissions and trust fees from Yen 16.2 billion Yen 12.3 billion Yen 28.5
real estate transactions billion
Number of clients for stock
transfer agency 916 2,049 2,965
Number of shareholders for stock 6,365 thousand 12,686 thousand 19,051
transfer agency thousand
Investment trusts under Yen 9.5 trillion Yen 12.5 trillion Yen 22.0
management trillion
Corporate pension funds Yen 14.9 trillion Yen 8.6 trillion Yen 23.5
trillion
----------------------------------------------------------------------- -----------------------------------------------
Notes:1. Figures include sub-branches and agencies
2. Figures exclude employees on external assignment and include the seconded from outside and local employees in
overseas offices. Figures do not include temporary and part-time employees.
3. Combined for banking and trust accounts
4. Figures include trust assets under the Service-Shared Co-Trusteeship
5. Before credit costs for trust accounts
6. Figures of UFJ Trust Bank include those of separated subsidiary
7. Before credit costs for trust accounts and provision for formula allowance for loan losses
Outline of the Groups (4)
[Securities Firms]
(Non-consolidated, as of end March 2004)
------------------------------------------------------------------------------------------------------------------------
Mitsubishi Securities Co., Ltd. UFJ Tsubasa Securities Co., Ltd. Combined
-------------------------------------------------------------- ---------------------------------------------------------
Date of establishment March 1948 April 1948 -
-------------------------------------------------------------- ---------------------------------------------------------
Registered Head Office 2-4-1, Marunouchi, Chiyoda-ku, 1-1-3, Otemachi, Chiyoda-ku,
Tokyo Tokyo -
-------------------------------------------------------------- ---------------------------------------------------------
Representative Koichi Kane, President Kimisuke Fujimoto, President -
-------------------------------------------------------------- ---------------------------------------------------------
Shareholders' capital Yen 65,518 million Yen 25,107 million -
-------------------------------------------------------------- ---------------------------------------------------------
Number of outlets in Japan
(Note 1) 69 89 158
-------------------------------------------------------------- ---------------------------------------------------------
Number of employees (Non-
consolidated) (Note 2) 3,750 2,804 6,554
-------------------------------------------------------------- ---------------------------------------------------------
Total assets Yen 4,535.9 billion Yen 3,468.3 billion Yen 8,004.3
billion
-------------------------------------------------------------- ---------------------------------------------------------
Client assets under custody Yen 11.1 trillion Yen 7.1 trillion Yen 18.3
trillion
-------------------------------------------------------------- ---------------------------------------------------------
Retail assets under custody Yen 3.3 trillion Yen 3.5 trillion Yen 6.8
trillion
-------------------------------------------------------------- ---------------------------------------------------------
Operating revenue Yen 129.5 billion Yen 85.8 billion Yen 215.4
billion
(Commissions received) Yen 59.1 billion Yen 48.9 billion Yen 108.1
billion
-------------------------------------------------------------- ---------------------------------------------------------
Ordinary profit Yen 32.2 billion Yen 22.0 billion Yen 54.2
billion
-------------------------------------------------------------- ---------------------------------------------------------
Net profit Yen 32.9 billion Yen 17.8 billion Yen 50.7
billion
-------------------------------------------------------------- ---------------------------------------------------------
Share of underwriting (Note 3)
-------------------------------------------------------------- ---------------------------------------------------------
Share in IPO public offerings 3.9% 3.5% 7.4%
-------------------------------------------------------------- ---------------------------------------------------------
Share in secondary stock
offerings 4.5% 3.1% 7.6%
-------------------------------------------------------------- ---------------------------------------------------------
Share in straight bonds 10.4% 6.2% 16.6%
-------------------------------------------------------------- ---------------------------------------------------------
Share in Samurai bonds 9.3% 0.3% 9.6%
-------------------------------------------------------------- ---------------------------------------------------------
Share in ABS public offerings 1.0% 7.0% 8.0%
-------------------------------------------------------------- ---------------------------------------------------------
Total shares outstanding 472,661 thousand 603,243 thousand
-------------------------------------------------------------- --------------------------------------------
Name Percentage Name Percentage held of
held of total shares in
total issue
shares in
issue
-------------------------------- ---------------------------------------------------------
The Bank of Tokyo-Mitsubishi, UFJ Bank Ltd.
Ltd. 52.25% 61.57%
Toyota Motor Corporation 5.89% UFJ Trust Bank Ltd. 6.05%
The Mitsubishi Trust and Banking UFJ Partners Asset
Corporation 4.04% Management Co., Ltd. 3.57%
The Master Trust Bank of Japan, Japan Trustee Services Bank,
Ltd. (Trust Account) 3.87% Ltd. (Trust Account) 1.61%
Major shareholders Japan Trustee Services Bank, The Master Trust Bank of
Ltd. (Trust Account) 3.05% Japan, Ltd. (Trust Account)1.59%
Nippon Life Insurance Company 2.34% Shinsei Bank, Ltd. 1.48%
Trust & Custody Services Bank, Sumitomo Life Insurance
Ltd. 1.58% Company 0.86%
Daido Life Insurance Company 1.22% Taiyo Life Insurance Company0.85%
The Chase Manhattan Bank NA Meiji Yasuda Life Insurance
London 1.16% Company 0.66%
SHARQ 0.92% Sanshin Co., Ltd. 0.65%
-------------------------------------------------------------- ---------------------------------------------------------
Notes: 1. Figures exclude outlets in the form of partial letting from banks
2. Figures of Mitsubishi Securities include 32 executive officers (non-directors)
Figures of UFJ Tsubasa Securities include 14 executive officers (non-directors)
3. Source: Thomson DealWatch
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