UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of January, 2004
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MITSUBISHI TOKYO FINANCIAL GROUP, INC.
(Translation of registrant's name into English)
4-1, Marunouchi 2-chome, Chiyoda-ku
Tokyo 100-6326, Japan
(Address of principal executive offices)
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[Indicate by check mark whether the registrant files or
will file annual reports under cover Form 20-F or Form 40-F.]
Form 20-F __X__ Form 40-F _____
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.]
Yes ____ No __X__
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: January 29, 2004
MITSUBISHI TOKYO FINANCIAL GROUP, INC.
By: /s/ Atsushi Inamura
-------------------------------------
Name: Atsushi Inamura
Title: Chief Manager, General Affairs
Corporate Administration Division
Mitsubishi Tokyo Financial Group, Inc.
TSE Code; 8306
Mitsubishi Tokyo Financial Group, Inc.
Financial Information for the Third Quarter of Fiscal Year 2003
Tokyo, January 29, 2004 --- Mitsubishi Tokyo Financial Group, Inc. (MTFG;
President: Shigemitsu Miki) today announced certain financial information for
MTFG and its 100% owned subsidiaries, The Bank of Tokyo-Mitsubishi, Ltd. (BTM)
and The Mitsubishi Trust and Banking Corporation (MTBC) for the third quarter of
the fiscal year ending March 31, 2004.
Unless otherwise noted, all of the disclosed figures are on a non-consolidated
basis, and the figures for MTFG are the sum of those of BTM and MTBC.
All of the disclosed figures are unaudited, and the scope of the disclosed
figures is different from that of the end of the first half and full year as
noted in each section.
Inquiries: Katsuhiko Ishizuka
Chief Manager, Financial Policy Division
Mitsubishi Tokyo Financial Group, Inc.
Tel. +81-3-3240-8211
This information contains forward-looking statements and other forward-looking
information relating to the company (the "forward-looking statements"). The
forward-looking statements are not historical facts and include, reflect or are
otherwise based upon, among other things, the company's current estimations,
projections, views, policies, business strategies, targets, expectations,
assumptions and evaluation with respect to general economic conditions, the
results of operations, the financial condition, the company's management in
general and other future events. Accordingly, they are inherently susceptible to
uncertainties, risks and changes in circumstances and are not guarantees of
future performance.
Some forward-looking statements represent targets that the company's management
will strive to achieve through the successful implementation of the company's
business strategies. The company may not be successful in implementing its
business strategy, and actual results may differ materially, for a wide range of
possible 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 company is
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.
For detailed information relating to uncertainties, risks and changes regarding
the forward-looking statements, please see the company's latest annual report
and other disclosure documents.
1. Bankrupt credits and credits sold in the third quarter of fiscal year 2003
(unit: billions of Japanese yen)
---------------------------------------------------------------------------------------------------
Inc/dec of classified
assets based on the
Book balance before Financial Reconstruction
Number of borrowers charge-offs */2/ Law (FRL) */3/
---------------------------------------------------------------------------------------------------
Bankrupt credits */1/ 117 5.0 (0.4)
---------------------------------------------------------------------------------------------------
Credits sold to the RCC 239 - (20.0)
---------------------------------------------------------------------------------------------------
Other credits sold 64 - (52.4)
---------------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt (i.e., who have
no prospects for continued business operations because of non-payment,
suspension of business, voluntary liquidation, filing for legal
liquidation, etc.) during the period from October 1, 2003 to December 31,
2003, credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included regardless of the
location of the borrowers.
*2: Book balance of bankrupt credits before deduction of amounts that should be
charged-off as of December 31, 2003.
*3: The numbers do not reflect the results of the self-assessment of assets as
of December 31, 2003, and represent the decrease in classified assets in
accordance with the FRL of bankrupt credits and credits sold for the
following factors only. For bankrupt credits, the balance represents the
difference of the amount of credits classified in accordance with the FRL
as of December 31, 2003 after deduction of amounts that should be
charged-off compared to the amount of the credits classified in accordance
with FRL as of September 30, 2003. For credits sold, the balance represents
the amount of the credits sold by December 31, 2003 that were classified in
accordance with FRL as of September 30, 2003.
*4: Number of borrowers, book balance before charge-offs, and increase in
classified assets in accordance with the FRL of domestic borrowers who
became high risk or substantially bankrupt debtors during the period from
October 1, 2003 to December 31, 2003 are 379 borrowers, (Yen) 29.2 billion,
(Yen) 22.6 billion, respectively. These numbers include material credits
under high risk or material substantially bankrupt debtors that do not meet
the criteria described hereinabove.
*5: For MTBC, numbers are on banking account and trust account combined basis.
For trust account, numbers include only the trusts with contracts that MTBC
guarantees for repayment of trust principal amount.
2. Consolidated risk-adjusted capital ratios
-------------------------------------------- ------------------------------
At March 31, 2004 At September 30, 2003
(Target) (Actual)
-------------------------------------------- ------------------------------
Total capital Approx. 12.0-12.5% 12.44%
-------------------------------------------- ------------------------------
Tier1 capital Approx. 6.5% 6.75%
-------------------------------------------- ------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
------------------------------------------------------------------------------------------------ ----------------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
---------------------------------------------------------------------- ----------------------------------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
cost value gains(losses) cost value gains(losses) cost value gains(losses)
------------------------------------------------------------------------------------------------ ----------------------------------
Domestic equity securities 2,919.0 3,310.9 391.8 3,284.9 3,262.4 (22.5) 3,032.9 3,287.0 254.0
------------------------------------------------------------------------------------------------ ----------------------------------
Japanese government bonds 11,217.6 11,202.7 (14.8) 12,804.6 12,847.8 43.2 9,353.3 9,315.2 (38.1)
------------------------------------------------------------------------------------------------ ----------------------------------
Foreign bonds 6,026.0 6,051.1 25.1 7,280.6 7,449.0 168.3 5,365.7 5,441.6 75.9
------------------------------------------------------------------------------------------------ ----------------------------------
Notes:
*1: Costs at June 30, 2003 do not reflect necessary amortization/accretion of
premium/discount and impairment, and those at December 31, 2003 do not
reflect necessary amortization/accretion of premium/discount and impairment
in the first half of fiscal 2003.
*2: Amounts for BTM on "Foreign bonds" at June 30, 2003 and December 31, 2003
are those held by all domestic offices and certain major overseas offices.
(2) Interest related derivatives transactions qualified for hedge accounting
(unit: billions of Japanese yen)
---------------------------------------------------------------------------------------- -----------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
---------------------------------------------------------------------------------------- -----------------------------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
gains losses gains losses gains losses
---------------------------------------------------------------------------------------- -----------------------------
Swaps 358.0 347.2 10.8 600.7 511.8 88.8 448.1 445.3 2.8
---------------------------------------------------------------------------------------- -----------------------------
Futures 16.3 14.4 1.9 89.2 76.4 12.7 31.5 29.9 1.5
---------------------------------------------------------------------------------------- -----------------------------
Options - 0.2 (0.2) 2.4 0.3 2.1 3.7 3.5 0.1
---------------------------------------------------------------------------------------- -----------------------------
Total 374.4 361.8 12.6 692.3 588.6 103.7 483.3 478.8 4.5
---------------------------------------------------------------------------------------- -----------------------------
Note: Amounts for BTM at June 30, 2003 and December 31, 2003 are derived from
amounts booked at all domestic offices and certain major overseas offices
qualifying for hedge accounting.
4. Domestic deposits classified by depositor
(unit: billions of Japanese yen)
---------------------------------------------------------------------------- ----------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
---------------------------------------------------------------------------- ----------------------------
Individuals 33,449.7 32,948.6 32,966.6
---------------------------------------------------------------------------- ----------------------------
Corporations and others 21,036.3 20,838.8 20,910.8
---------------------------------------------------------------------------- ----------------------------
Notes:
*1: Excluding negotiable certificates of deposit, deposits of overseas offices
and JOM accounts.
*2: Amounts for BTM at June 30, 2003 and December 31, 2003 are based on the
numbers before elimination of temporary inter-office accounts.
* * *
(Appendix 1)
The Bank of Tokyo-Mitsubishi, Ltd.
1. Bankrupt credits and credits sold in the third quarter of fiscal year 2003
(unit: billions of Japanese yen)
----------------------------------------------------------------------------------------------------------
Inc/dec of classified
Book balance before assets based on the
Number of borrowers charge-offs */2/ Financial Reconstruction
Law (FRL) */3/
----------------------------------------------------------------------------------------------------------
Bankrupt credits */1/ 116 5.0 (0.4)
----------------------------------------------------------------------------------------------------------
Credits sold to the RCC 239 - (20.0)
----------------------------------------------------------------------------------------------------------
Other credits sold 60 - (45.2)
----------------------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt (i.e., who have
no prospects for continued business operations because of non-payment,
suspension of business, voluntary liquidation, filing for legal
liquidation, etc.) during the period from October 1, 2003 to December 31,
2003, credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included regardless of the
location of the borrowers.
*2: Book balance of bankrupt credits before deduction of amounts that should be
charged-off as of December 31, 2003.
*3: The numbers do not reflect the results of the self-assessment of assets as
of December 31, 2003, and represent the decrease in classified assets in
accordance with the FRL of bankrupt credits and credits sold for the
following factors only. For bankrupt credits, the balance represents the
difference of the amount of credits classified in accordance with the FRL
as of December 31, 2003 after deduction of amounts that should be
charged-off compared to the amount of the credits classified in accordance
with FRL as of September 30, 2003. For credits sold, the balance represents
the amount of the credits sold by December 31, 2003 that were classified in
accordance with FRL as of September 30, 2003.
*4: Number of borrowers, book balance before charge-offs, and increase in
classified assets in accordance with the FRL of domestic borrowers who
became high risk or substantially bankrupt debtors during the period from
October 1, 2003 to December 31, 2003 are 378 borrowers, (Yen) 24.7 billion,
(Yen) 18.1 billion, respectively. These numbers include material credits
under high risk or material substantially bankrupt debtors that do not meet
the criteria described hereinabove.
2. Consolidated risk-adjusted capital ratios
--------------------------------------------- ------------------------
At March 31, 2004 At September 30, 2003
(Target) (Actual)
--------------------------------------------- ------------------------
Total capital Approx. 11.5-12.0% 11.89%
--------------------------------------------- ------------------------
Tier1 capital Approx. 6.5% 6.45%
--------------------------------------------- ------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
--------------------------------------------------------------------------------------- ----------------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
----------------------------------------------------------------- ----------------------------------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
cost value gains(losses) cost value gains cost value gains(losses)
--------------------------------------------------------------------------------------- ----------------------------------
Domestic equity
securities 2,253.0 2,560.7 307.6 2,425.0 2,436.8 11.7 2,341.4 2,549.9 208.4
--------------------------------------------------------------------------------------- ----------------------------------
Japanese government
bonds 9,706.7 9,674.6 (32.0) 10,733.2 10,737.9 4.6 7,976.6 7,924.2 (52.4)
--------------------------------------------------------------------------------------- ----------------------------------
Foreign bonds 2,491.6 2,457.6 (34.0) 2,910.5 2,921.6 11.1 2,351.5 2,341.8 (9.7)
--------------------------------------------------------------------------------------- ----------------------------------
Notes:
*1: Costs at June 30, 2003 do not reflect necessary amortization/accretion of
premium/discount and impairment, and those at December 31, 2003 do not
reflect necessary amortization/accretion of premium/discount and impairment
in the first half of fiscal 2003.
*2: Amounts on "Foreign bonds" at June 30, 2003 and December 31, 2003 are those
held by all domestic offices and certain major overseas offices.
(2) Interest related derivatives transactions qualified for hedge accounting
(unit: billions of Japanese yen)
----------------------------------------------------------------------------------------- --------------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
-------------------------------------------------------------- ------------------------------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
gains losses gains losses gains losses
----------------------------------------------------------------------------------------- ------------------------------
Swaps 238.6 232.2 6.4 313.8 248.8 65.0 278.1 275.9 2.1
----------------------------------------------------------------------------------------- ------------------------------
Futures 16.3 14.3 2.0 88.9 76.2 12.7 31.4 29.8 1.5
----------------------------------------------------------------------------------------- ------------------------------
Options - - - 2.4 0.0 2.3 3.7 3.3 0.3
----------------------------------------------------------------------------------------- ------------------------------
Total 255.0 246.5 8.4 405.2 325.1 80.1 313.3 309.2 4.0
----------------------------------------------------------------------------------------- ------------------------------
Note: Amounts at June 30, 2003 and December 31, 2003 are derived from amounts
booked at all domestic offices and certain major overseas offices
qualifying for hedge accounting.
4. Domestic deposits classified by depositor
(unit: billions of Japanese yen)
----------------------------------------------------------------------- -----------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
----------------------------------------------------------------------- -----------------------
Individuals 26,716.2 26,224.6 26,232.4
----------------------------------------------------------------------- -----------------------
Corporations and others 18,065.7 17,595.2 17,919.4
----------------------------------------------------------------------- -----------------------
Notes:
*1: Excluding negotiable certificates of deposit, deposits of overseas offices
and JOM accounts.
*2: Amounts at June 30, 2003 and December 31, 2003 are based on the numbers
before elimination of temporary inter-office accounts.
* * *
(Appendix 2)
The Mitsubishi Trust and Banking Corporation
1.Bankrupt credits and credits sold in the third quarter of fiscal year 2003
(unit: billions of Japanese yen)
---------------------------------------------------------------------------------------------
Inc/dec of classified
assets based on the
Book balance before Financial Reconstruction
Number of borrowers charge-offs /*2/ Law (FRL) /*3/
---------------------------------------------------------------------------------------------
Bankrupt credits /*1/ 1 - -
---------------------------------------------------------------------------------------------
Credits sold to the RCC - - -
---------------------------------------------------------------------------------------------
Other credits sold 4 - (7.2)
---------------------------------------------------------------------------------------------
Notes:
*1: Represents domestic borrowers who became legally bankrupt (i.e., who have
no prospects for continued business operations because of non-payment,
suspension of business, voluntary liquidation, filing for legal
liquidation, etc.) during the period from October 1, 2003 to December 31,
2003, credits disclosed in accordance with the timely disclosure
requirements of the Tokyo Stock Exchange are included regardless of the
location of the borrowers.
*2: Book balance of bankrupt credits before deduction of amounts that should
be charged-off as of December 31, 2003.
*3: The numbers do not reflect the results of the self-assessment of assets
as of December 31, 2003, and represent the decrease in classified assets
in accordance with the FRL of bankrupt credits and credits sold for the
following factors only. For bankrupt credits, the balance represents the
difference of the amount of credits classified in accordance with the FRL
as of December 31, 2003 after deduction of amounts that should be
charged-off compared to the amount of the credits classified in
accordance with FRL as of September 30, 2003. For credits sold, the
balance represents the amount of the credits sold by December 31, 2003
that were classified in accordance with FRL as of September 30, 2003.
*4: Number of borrowers, book balance before charge-offs, and increase in
classified assets in accordance with the FRL of domestic borrowers who
became high risk or substantially bankrupt debtors during the period from
October 1, 2003 to December 31, 2003 are 1 borrower, (Yen) 4.5 billion,
(Yen) 4.5 billion, respectively. These numbers include material credits
under high risk or material substantially bankrupt debtors that do not
meet the criteria described hereinabove.
*5: Numbers are on banking account and trust account combined basis. For
trust account, numbers include only the trusts with contracts that MTBC
guarantees for repayment of trust principal amount.
2.Consolidated risk-adjusted capital ratios
------------------------------------------------- --------------------------
At March 31, 2004 At September 30, 2003
(Target) (Actual)
------------------------------------------------- --------------------------
Total capital Approx. 14% 14.13%
------------------------------------------------- --------------------------
Tier1 capital Approx. 7.5% 7.44%
------------------------------------------------- --------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
------------------------- --------------------------------------------------------------- ------------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
-------------------------------------------------- ------------ ------------------------------
Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized
cost value gains cost value gains(losses) cost value gains
----------------------------------------------------------------------------------------- ------------------------------
Domestic equity 665.9 750.1 84.1 859.8 825.5 (34.3) 691.5 737.0 45.5
securities
----------------------------------------------------------------------------------------- ------------------------------
Japanese government 1,510.8 1,528.0 17.1 2,071.3 2,109.8 38.5 1,376.6 1,390.9 14.2
bonds
----------------------------------------------------------------------------------------- ------------------------------
Foreign bonds 3,534.3 3,593.5 59.1 4,370.1 4,527.3 157.1 3,014.1 3,099.8 85.6
----------------------------------------------------------------------------------------- ------------------------------
Note: Costs at June 30, 2003 do not reflect necessary amortization/accretion of
premium/discount and impairment, and those at December 31, 2003 do not
reflect necessary amortization/accretion of premium/discount and
impairment in the first half of fiscal 2003.
(2) Interest related derivatives transactions qualified for hedge accounting
(unit: billions of Japanese yen)
----------------------------------------------------------------------------------------- ------------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
-------------------------------------------------------------- ------------------------------
Deferred Deferred Net Deferred Deferred Net Deferred Deferred Net
gains losses gains losses gains losses
----------------------------------------------------------------------------------------- ------------------------------
Swaps 119.4 114.9 4.4 286.8 262.9 23.8 169.9 169.3 0.6
----------------------------------------------------------------------------------------- ------------------------------
Futures 0.0 0.0 (0.0) 0.2 0.2 0.0 0.1 0.0 0.0
----------------------------------------------------------------------------------------- ------------------------------
Options - 0.2 (0.2) - 0.2 (0.2) - 0.2 (0.2)
----------------------------------------------------------------------------------------- ------------------------------
Total 119.4 115.2 4.2 287.0 263.4 23.6 170.0 169.6 0.4
----------------------------------------------------------------------------------------- ------------------------------
4. Domestic deposits classified by depositor
(unit: billions of Japanese yen)
-------------------------------------- -------------------------- --------------------------- ---------------------------
At December 31, 2003 At June 30, 2003 (Figures for reference)
At September 30, 2003
-------------------------------------- -------------------------- --------------------------- ---------------------------
Individuals 6,733.4 6,724.0 6,734.1
-------------------------------------- -------------------------- --------------------------- ---------------------------
Corporations and others 2,970.5 3,243.6 2,991.3
-------------------------------------- -------------------------- --------------------------- ---------------------------
Note: Excluding negotiable certificates of deposit, deposits of overseas offices
and JOM accounts.
* * *