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, 2003
-----------------
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)
-----------------
[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 30, 2003
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 2002
Tokyo, January 30, 2003--- 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, 2003.
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 of fiscal 2002 as
noted in each section.
Based on the spirit of "The Front-Loaded Reform Program" which aims at
structural reform of the financial system and securities markets of Japan, MTFG
will make every effort for early disclosure of quarterly management information
and quickly construct a group-based system for preparation of certain quarterly
financial information.
Inquiries: Mr. Katsuhiko Ishizuka
Chief Manager, Financial Policy Division
Mitsubishi Tokyo Financial Group, Inc.
Tel. +81-3-3240-8211
--------------------------------------------------------------------------------
The forward-looking statements set forth in this press release, including
capital ratio targets, may be materially affected by changes in the level of
Japanese stock prices, regulatory developments or changes in governmental
policies, laws, regulations, voluntary code of practice and interpretations,
including those anticipated to be announced soon in Japan, the occurrence of
material new corporate bankruptcies, further developments in the Japanese or
world economic environment, and other factors outside MTFG's control. These
forward-looking statements are not guaranties of future performance, and actual
results may differ materially. Please see MTFG's latest annual report for
detailed information regarding the risk factors that may affect MTFG's results
of operations and financial condition.
--------------------------------------------------------------------------------
1. Bankrupt Credits and credits sold in the third quarter of fiscal year 2002
(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/ 167 50.7 (23.5)
----------------------------------------------------------------------------------------------------------------
Credits sold to RCC 552 - (62.7)
----------------------------------------------------------------------------------------------------------------
Other credits sold 26 - (11.2)
----------------------------------------------------------------------------------------------------------------
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, 2002 to December 31,
2002, 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, 2002.
*3: The numbers do not reflect the results of the self-assessment of assets as
of December 31, 2002, 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, 2002 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, 2002. For credits sold, the balance represents
the amount of the credits sold by December 31, 2002 that were classified in
accordance with FRL as of September 30, 2002.
*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, 2002 to December 31, 2002 are 185 borrowers, (Yen)157.3 billion,
(Yen)54.5 billion, respectively. These numbers include material credits
under high risk or material substantially bankrupt debtors that do not meet
the criteria described hereinabove.
*5: 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 ratio
-----------------------------------------------------------------------------------------
At September 30, 2002 At March 31, 2003
(Actual) (Target)
-----------------------------------------------------------------------------------------
Total capital 10.49% Around 10%
-----------------------------------------------------------------------------------------
Tier1 capital 5.33% Around 5%
-----------------------------------------------------------------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
-------------------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
-------------------------------------------------------------------------------------------------------------------
Amortized Fair value Unrealized Amortized Fair value Unrealized
cost gain (loss) cost gain (loss)
-------------------------------------------------------------------------------------------------------------------
Domestic equity securities 4,383.3 4,114.2 (269.1) 4,364.5 3,640.9 (723.6)
-------------------------------------------------------------------------------------------------------------------
Japanese government bonds 9,449.4 9,522.6 73.2 10,755.4 10,826.0 70.5
-------------------------------------------------------------------------------------------------------------------
Foreign bonds 5,463.5 5,624.2 160.7 5,902.0 6,032.4 130.3
--------- ---------------------------------------------------------------------------------------------------------
Note: Costs at December 31, 2002 do not reflect necessary amortization/accretion
of premium/discount and impairment in the first half of fiscal 2002.
Amounts for BTM on "Foreign bonds" at December 31, 2002 are those held by
all domestic offices and certain major overseas offices.
(2) Interest related derivatives transactions qualifying for hedge accounting
("Macro Hedge")
(unit: billions of Japanese yen)
----------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
----------------------------------------------------------------------------------------------------------
Deferred Deferred Net Deferred Deferred Net
profit loss profit loss
----------------------------------------------------------------------------------------------------------
Swaps 645.5 536.3 109.1 603.4 514.6 88.8
----------------------------------------------------------------------------------------------------------
Futures 79.7 63.5 16.2 84.5 68.6 15.8
----------------------------------------------------------------------------------------------------------
Options 1.4 0.9 0.5 2.6 1.5 1.1
----------------------------------------------------------------------------------------------------------
Total 726.7 600.8 125.9 690.6 584.8 105.8
----------------------------------------------------------------------------------------------------------
Note: Amounts for BTM at December 31, 2002 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 September 30, 2002 At December 31, 2002
-------------------------------------------------------------------------------------
Individuals 30,888.4 31,916.3
-------------------------------------------------------------------------------------
Corporation and others 19,139.8 19,502.7
-------------------------------------------------------------------------------------
Notes:
*1: Excluding negotiable certificates of deposit, deposits of overseas
offices, and JOM accounts.
*2: Amounts for BTM at December 31, 2002 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 2002
(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/ 155 21.6 (12.2)
-------------------------------------------------------------------------------------------------------------------
Credits sold to RCC 552 - (62.7)
-------------------------------------------------------------------------------------------------------------------
Other credits sold 21 - (8.6)
-------------------------------------------------------------------------------------------------------------------
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, 2002 to December 31,
2002, 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, 2002.
*3: The numbers do not reflect the results of the self-assessment of assets as
of December 31, 2002, 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, 2002 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, 2002. For credits sold, the balance
represents the amount of the credits sold by December 31, 2002 that were
classified in accordance with FRL as of September 30, 2002.
*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, 2002 to December 31, 2002 are 176 borrowers, (Yen)61.8 billion,
(Yen) 31.2 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 ratio
--------------------------------------------------------------------------------
At September 30, 2002 At March 31, 2003
(Actual) (Target)
--------------------------------------------------------------------------------
Total capital 10.43% Around 10%
--------------------------------------------------------------------------------
Tier1 capital 5.24% Around 5%
--------------------------------------------------------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
-------------------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
-------------------------------------------------------------------------------------------------------------------
Amortized Fair value Unrealized Amortized Fair value Unrealized
cost gain (loss) cost gain (loss)
-------------------------------------------------------------------------------------------------------------------
Domestic equity securities 3,048.1 2,926.1 (122.0) 3,142.9 2,678.8 (464.0)
-------------------------------------------------------------------------------------------------------------------
Japanese government bonds 7,718.2 7,750.1 31.8 8,710.4 8,736.6 26.2
-------------------------------------------------------------------------------------------------------------------
Foreign bonds 2,326.3 2,344.8 18.4 2,958.5 2,954.2 (4.2)
--------- ---------------------------------------------------------------------------------------------------------
Note: Costs at December 31, 2002 do not reflect necessary amortization/accretion
of premium/discount and impairment in the first half of fiscal 2002.
Amounts on "Foreign bonds" at December 31, 2002 are those held by all
domestic offices and certain major overseas offices.
(2) Interest related derivatives transactions qualifying for hedge accounting
("Macro Hedge")
(unit: billions of Japanese yen)
-------------------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
-------------------------------------------------------------------------------------------------------------------
Deferred Deferred Net Deferred Deferred Net
profit loss profit loss
-------------------------------------------------------------------------------------------------------------------
Swaps 276.9 195.1 81.7 262.0 196.4 65.6
-------------------------------------------------------------------------------------------------------------------
Futures 79.1 63.0 16.1 83.6 67.7 15.9
-------------------------------------------------------------------------------------------------------------------
Options 0.6 0.5 0.1 2.0 1.5 0.4
-------------------------------------------------------------------------------------------------------------------
Total 356.8 258.7 98.0 347.7 265.6 82.1
--------- ---------------------------------------------------------------------------------------------------------
Note: Amounts at December 31, 2002 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 September 30, 2002 At December 31, 2002
-------------------------------------------------------------------------------------------------------
Individuals 24,383.9 25,319.8
-------------------------------------------------------------------------------------------------------
Corporation and others 15,962.2 16,236.6
-------------------------------------------------------------------------------------------------------
Notes:
1: Excluding negotiable certificates of deposit, deposits of overseas
offices, and JOM accounts.
2: Amounts at December 31, 2002 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 2002
(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/ 12 29.1 (11.3)
-------------------------------------------------------------------------------------------------------------------
Credits sold to RCC - - -
-------------------------------------------------------------------------------------------------------------------
Other credits sold 5 - (2.6)
-------------------------------------------------------------------------------------------------------------------
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, 2002 to December 31,
2002, 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, 2002.
*3: The numbers do not reflect the results of the self-assessment of assets as
of December 31, 2002, 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, 2002 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, 2002. For credits sold, the balance
represents the amount of the credits sold by December 31, 2002 that were
classified in accordance with FRL as of September 30, 2002.
*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, 2002 to December 31, 2002 are 9 borrowers, (Yen)95.5 billion,
(Yen) 23.3 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 ratio
--------------------------------------------------------------------------------
At September 30, 2002 At March 31, 2003
(Actual) (Target)
--------------------------------------------------------------------------------
Total capital 11.44% Around 10%
--------------------------------------------------------------------------------
Tier1 capital 6.49% Around 5.5%
--------------------------------------------------------------------------------
3. Fair value information
(1) Marketable securities available-for-sale
(unit: billions of Japanese yen)
----------------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
----------------------------------------------------------------------------------------------------------------
Amortized Fair value Unrealized Amortized Fair value Unrealized
cost gain (loss) cost gain (loss)
----------------------------------------------------------------------------------------------------------------
Domestic equity securities 1,335.2 1,188.1 (147.1) 1,221.6 962.0 (259.6)
----------------------------------------------------------------------------------------------------------------
Japanese government bonds 1,731.2 1,772.5 41.3 2,045.0 2,089.3 44.3
----------------------------------------------------------------------------------------------------------------
Foreign bonds 3,137.2 3,279.4 142.2 2,943.4 3,078.1 134.6
----------------------------------------------------------------------------------------------------------------
Note: Costs at December 31, 2002 do not reflect necessary amortization/accretion
of premium/discount and impairment in the first half of fiscal 2002.
(2) Interest related derivatives transactions qualifying for hedge accounting
("Macro Hedge")
(unit: billions of Japanese yen)
---------------------------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
---------------------------------------------------------------------------------------------------------------
Deferred Deferred Net Deferred Deferred Net
profit loss profit loss
---------------------------------------------------------------------------------------------------------------
Swaps 368.5 341.2 27.3 341.3 318.2 23.1
---------------------------------------------------------------------------------------------------------------
Futures 0.5 0.4 0.1 0.8 0.9 (0.0)
---------------------------------------------------------------------------------------------------------------
Options 0.7 0.3 0.4 0.6 - 0.6
---------------------------------------------------------------------------------------------------------------
Total 369.9 342.0 27.8 342.8 319.1 23.7
---------------------------------------------------------------------------------------------------------------
4. Domestic deposits, classified by depositor
(unit: billions of Japanese yen)
-----------------------------------------------------------------------------------------------
At September 30, 2002 At December 31, 2002
-----------------------------------------------------------------------------------------------
Individuals 6,504.4 6,596.4
-----------------------------------------------------------------------------------------------
Corporation and others 3,177.6 3,266.1
-----------------------------------------------------------------------------------------------
Note: Excluding negotiable certificates of deposit, deposits of overseas
offices, and JOM accounts.
* * *