Mitsui Trust Financial Group Mitsui Trust Financial Group - - PowerPoint PPT Presentation
The 7th Japanese Financial Service Conference The 7th Japanese Financial Service Conference Mitsui Trust Financial Group Mitsui Trust Financial Group Management Strategies Management Strategies September 8, 2005 Mitsui Trust Holdings, Inc.
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
Management Direction
*1 Gross operating profit
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Mitsui Trust Financial Group 191.1
181.2 189.3 162.6 164.4
122.8 139.0 144.1 146.5 200.6
0.0 60.0 120.0 180.0 240.0 FY3/01 FY3/02 FY3/03 FY3/04 FY3/05 Pre-provision profit Pre-provision profit excluding net bond related profit FY3/01: Chuo Mitsui (CMTB), FY3/02 and after: CMTB+Mitsui Asset (MATB)
(Yen bn)
Pre-provision Profit
5 3 . 8 ( 3 5 4 . 4 ) ( 3 7 . 9 ) 1 2 6 . 8
1 4 9 . 9
9 2 . 1 8 3 . 3 2 3 . 9 ( 2 8 4 . 9 ) ( 1 3 . 6 )
(400.0) (200.0) 0.0 200.0 F Y 3 / 1 F Y 3 / 2 F Y 3 / 3 F Y 3 / 4 F Y 3 / 5
Recurring profit Net income
(Yen bn)
Recurring Profit & Net Income
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Mitsui Trust Financial Group
1% 2% 2% 3% 30% 35% 40% 45% 50% 55%
Profitability & Efficiency: FY3/05 Comparison of Major Banking Groups
Other major banking groups
Gross operating profit Total assets
(end balance）
High ↑ Profitability ↓ Low Low ← Efficiency → High Overhead ratio
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Mitsui Trust Financial Group
Loans to individuals
(Housing loans, etc.)
Real estate non-recourse loans Asset management
—Investment trust & Annuity insurance sales
—Real estate —Stock transfer agency —Pension/Securities, etc. Alternative investments
FY3/06 planned FY3/04 FY3/03
0% 13% 2% 22% 14% 5% 23% 5% 15% 9% 30% Recomposition of Revenue Structure
FY3/05
15% 28% 9%
3% 1%
(Composition of gross
*1 Financial intermediary business from
household to corporate sector and bond investments
Conventional Banking Business *1 Corporate loans Bond investment, etc. Strategic Products
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Mitsui Trust Financial Group
55.4 67.4 69.6 77.7 87.0 40.1 40.0 67.9 76.1 87.4 92.8 96.0 61.3 61.5
0.0 50.0 100.0 150.0 200.0
FY3/00 FY3/01 FY3/02 FY3/03 FY3/04 FY3/05 FY3/06
Taxes Non-personnel-related Personnel-related
190.0 178.4 163.6 149.4 128.0 107.0
(Yen bn)
¥107.0bn
(21.0)bn, or (16)% from FY3/04
54% 52% 50% 44% 41% 36%
OHR
6,021 6,787 7,362 7,852
4,819
5,236 166 149 119
67
68 72 2,000 4,000 6,000 8,000
3/00 3/01 3/02 3/03 3/04 3/05
50 100 150 200
# of employees (left) # of branches (right) (people)
# of employees: MTH+CMTB+MATB # of branches: CMTB
As of (branches)
# of Employees & # of Branches
Operating Expenses (CMTB+MATB)
107.5 36%
(Planned)
MTH: Mitsui Trust Holdings
Low Cost Operations (CMTB+MATB)
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
*1 Before trust a/c credit costs *2 Effective net operating profit before trust a/c credit costs & transfer to the general reserve *3 Outstanding of capital is average balance
a b d (Yen bn)
CMTB+MATB
Actual c:b-a Outlook e:d-b
Combined totals FY3/04 FY3/05 Change FY3/06 Change Gross operating profit *1
309.3 298.1 (11.1) 297.5 (0.6)
Operating expenses
128.0 107.0 (21.0) 107.5 0.5
Overhead ratio
41% 36% (5)% 36% 0%
Pre-provision profit *2
181.2 191.1 9.8 190.0 (1.1) 146.5 200.6 54.0 200.0 (0.6)
Net stock related profit
39.7 15.8 (23.8) (10.0) (25.8)
Recurring profit
126.8 149.9 23.1 130.0 (19.9)
Deferred income taxes
(66.9) (47.1) (19.7)
Net income
83.3 92.1 8.8 120.0 27.9
Credit costs
58.3 43.9 (14.4) 35.0 (8.9)
MTH, Consolidated FY3/04 FY3/05 Change FY3/06 Change Recurring profit
105.3 157.4 52.0 140.0 (17.4)
Net income
50.7 94.0 43.2 120.0 26.0 13% 19% 22% 3% 6%
ROE *3
FY3/05 Highlights & FY3/06 Outlook
Pre-provision profit excl. net bond related profit
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Mitsui Trust Financial Group
Revenues by Business Unit
a b d (Yen bn) Total of CMTB & MATB Actual c:b-a Outlook e:d-b Revenues ("Gross operating profit") FY3/04 FY3/05 Change FY3/06 Change Banking business
222.6 189.5 (33.0) 182.5 (7.0)
Financing business Excl. a, b (3 a/c total), others
139.6 142.8 3.2 131.0 (11.8)
a Loans to individuals, Non-recourse loans
45.6 46.0 0.4 46.0 0.0
b Alternative investments
2.7 10.1 7.4 15.5 5.4
Net bond related profit
34.7 (9.4) (44.2) (10.0) (0.6)
Asset management (fee) business
86.6 108.5 21.9 115.0 6.5
Sales of investment trusts & annuity insurance
15.3 26.0 10.7 27.0 1.0
Real estate
13.6 25.3 11.7 26.0 0.7
Stock transfer agency
15.0 15.7 0.7 17.5 1.8
Pension
25.4 24.9 (0.5) 26.5 1.6
Securities
7.8 8.8 1.0 10.5 1.7
Others
9.4 7.5 (1.9) 7.5 0.0
Revenues ("Gross operating profit") total
309.3 298.1 (11.1) 297.5 (0.6)
Operating expenses
128.0 107.0 (21.0) 107.5 0.5
Pre-provision profit
181.2 191.1 9.8 190.0 (1.1)
CMTB MATB
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
6 2 % 1 % 5 % 2 % 2 8 % 2 6 % 1 % 1 1 % 1 7 % 2 1 % 6 9 % 7 7 % 8 3 % 8 9 % 9 %
0% 20% 40% 60% 80% 100%
3/95 3/97 3/99 3/01 3/03 3/05 Real estate non-recouse loans Loans to individuals
Recomposition of Loan Portfolio 23% 31% 38% 17% 11% 10%
Composition of loans to individuals and real estate non-recourse loans: Reached 38% at 3/05
Credit loss rate of loans to individuals: Stable at 0.01% Real estate non-recourse loans: No defaults
As of
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Mitsui Trust Financial Group
3,241.5 2,977.0 2,921.5 2,712.2 2,427.3 2,348.1 2,055.8 2,728.1
1,000 1,500 2,000 2,500 3,000 3/04 3/05 7/05 3/06
(Yen bn)
Loans to individuals Of which, housing loans
Loans to Individuals
Housing Loans Origination 14,779 15,703 20,314
1,244 1,354 1,415 2,858 4,234 3,724 7,000 14,000 21,000 28,000 FY3/03 FY3/04 FY3/05 Over the counter, etc. Client companies channel Brokers channel
19,918 21,291 24,416 （ Planned）
（ # of loans） Before housing loan securitization
(Managerial basis)
(After securitization 2,437.2) (After securitization 1,887.5)
（ 83% of total） （ 74% of total） （ 74% of total）
Steady growth in housing loan net increase FY3/03 FY3/04 FY3/05
¥266.5bn ¥271.4bn ¥292.3bn
“ Route sales (channels with real estate agents and developers) ” strategy brings in successful differentiation from competitors
(After securitization 2,550.4) (After securitization 1,894.0) (After securitization 2,431.8) (After securitization 1,858.4)
(Preliminary)
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Mitsui Trust Financial Group
464.0 823.2 968.8 950.0
300 600 900 1,200 As of 3/03 3/04 3/05 3/06
(Yen bn)
Plans securitization of real estate asset finance this FY (In 5/05, securitized ¥63bn) Significant growth of fund investment type continues
Fund investment type: Real estate fund investment, Securitization type: Off-balance real estate of corporations Development type: Build new office buildings and large condominiums REIT type: Loans to REIT (to investment company)
22% 34% 27% 22% 29% 43% 47% 13% 12% 15% 18% 18% 0% 25% 50% 75% 100% As of 3/03 3/04 3/05
50% 53% 57% 13% 17% 14% 14% 14% 16% 20% 15% 16% 0% 25% 50% 75% 100% As of 3/03 3/04 3/05
Highly commercial areas in Tokyo (Chiyoda, Minato, Chuo, Shinjuku, Shibuya) Other areas in Tokyo
Real Estate Non-recourse Loans by Type (Loan balance basis)
Other areas in metropolitan (Kanto) Fund investment type Securitization type Development type REIT type
Real Estate Non-recourse Loans by Area (Loan balance basis)
Other local areas
Real Estate Asset Finance （ Planned）
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Mitsui Trust Financial Group
3/02 9/02 3/03 9/03 3/04 9/04 3/05
8.0 8.5 9.0 9.5 10.0 10.5
After implementing NPLs' off-balance and Housing loan securitization from 3/02) (Yen trn) As of Trend of Loan End Balance
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Mitsui Trust Financial Group
0.25 0.29 0.35 0.38
0.20 0.25 0.30 0.35 0.40
2H.
2H. ( % )
Yields on Time Deposits
（ Managerial accounting basis, 6 month average, stock basis)
Down 10bp in 1 year
CMTB, Banking a/c, Domestic funds
a b c:b-a
FY3/04 FY3/05 Change
1 Average yield
1.26% 1.13% (0.12)%
2
Average yield on loans and bills discounted
1.61% 1.40% (0.20)%
Interest yield on securities
0.73% 0.74% 0.01%
3 Average yield on procured funds
0.41% 0.33% (0.07)%
4
Average yield on deposits
0.29% 0.22% (0.07)%
Yield margin(1-3)
0.85% 0.80% (0.04)%
Yield margin(2-4)
1.31% 1.18% (0.13)%
CMTB: Banking a/c (domestic) Yields
Declining trend of funding costs continues
CMTB: 3 a/c Yields Banking a/c(domestic funds) + Loan Trusts + JODMTs*
a b c:b-a
FY3/04 FY3/05 Change
1 Average yield
1.31% 1.19% (0.12)%
2
Average yield on loans and bills discounted
1.62% 1.46% (0.16)%
Average yield on securities
1.03% 0.96% (0.06)%
3 Average yield on procured funds
0.32% 0.27% (0.05)%
4
Average yield on deposits and principals
0.21% 0.17% (0.04)%
Yield margin(1-3)
0.99% 0.92% (0.07)%
Yield margin(2-4)
1.41% 1.29% (0.11)%
*Jointly Operated Designated Money Trusts
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Mitsui Trust Financial Group
（
Reduction of risk quantity excluding alternative investments in past 2 years:
Increase of capital in past 2 years:
・ Improvement of loan portfolio ・ Reduction of equity portfolio
Risk quantity increased by alternative investments: Approx. ¥70bn Reference: Risk Quantity on Alternative Investments
Diversifying asset management, reallocation of risk capital allowed by reduction of equity portfolio, etc. Risk control thoroughly considered
Alternative Investments: Actual & Planned
*1 Gross basis (before considering funding costs)
(Yen bn) Actual Actual Planned
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
5.1 15.3 26.0 1 . 4 7 . 6 4 . 2 1 . 27.0
0.0 7.5 15.0 22.5 30.0 FY3/03 FY3/04 FY3/05 FY3/06
(Estimate) (Yen bn)
402.7 506.6 717.7 790.2 27.1 203.3 499.5 672.5
400 800 1,200 1,600 3/03 3/04 3/05 7/05
Annuity Insurance Investment trusts
429.8 709.9 1,217.2
(Yen bn)
1,417.7
FY3/06 target of sales fees: ¥27.0bn April-July 05, 4months sales fees: ¥10.4bn [ Up37% over the same period last year]
Growth of Investment Trust & Annuity Insurance Sales Fees Balance of Investment Trusts & Annuity Insurance
a b d (Yen bn) CMTB Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Chg. FY3/06 Chg. Investment trust related
6.7 8.8 2.1 9.0 0.2
Annuity insurance related
8.5 17.1 8.6 18.0 0.9
Total
15.3 26.0 10.7 27.0 1.0
Sales Fees of Investment Trusts & Annuity Insurance
4-7/05 (Preli- minary)
(Preliminary)
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Mitsui Trust Financial Group
704.2 1,008.6 1,485.4 2,140.9
600 1,200 1,800 2,400 As of 3/02 3/03 3/04 3/05
2 . 2 2 . 4 5 . 3
9.5 13.6 25.3 26.0
3 .
0.0 7.5 15.0 22.5 30.0 FY3/03 FY3/04 FY3/05 FY3/06 (Estimate)
Due to market expansion and strengthened sales forces, posted record high revenues since Chuo Mitsui’s establishment in 2000. Competitive advantage in fund business brings business opportunities with trend of real estate becoming financial products Brokerage fees related to funds & investors increased Steady increase in securitization related revenues
Balance of Securitized Real Estate Growth of Real Estate Related Revenues
(Yen bn)
a b d (Yen bn) CMTB Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Chg. FY3/06 Chg. Brokerage and other
10.5 21.0 10.5 21.5 0.5
Securitization related
3.1 4.3 1.2 4.5 0.2
Total
13.6 25.3 11.7 26.0 0.7
R e v e n u e s
R e a l E s t a t e S e c t
(Yen bn)
4-7/05 (Preli- minary)
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Mitsui Trust Financial Group
Acquisition of Tokyo Securities Transfer Agent brings economy of scale in IT investment Plan to increase # of shareholders under administration through trust agency agreement with SMBC (Sumitomo Mitsui Banking Corporation) Acquisition of Tokyo Securities Transfer Agent in 3/05： Share increase of approx. 3%
# of shareholders under administration (As of 3/05) # of listed company clients (As of 3/05) Industry Position a b d (Yen bn) CMTB Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Chg. FY3/06 Chg. Fees received
24.6 27.0 2.4 29.0 2.0
Fees paid (Minus)
9.6 11.3 1.7 11.5 0.2
Total
15.0 15.7 0.7 17.5 1.8
Revenues of Stock Transfer Agency Sector
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Mitsui Trust Financial Group
By cross-selling of highly profitable alternative products etc., Fees received increased Enhance approach to the expanding investment trust market, to increase balances of entrusted asset & investment advisory In addition to continuous effort to promote efficiency of operations,
JTSB* significantly reduced operating expenses
a b d (Yen bn) Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Change FY3/06 Change Gross operating profit
32.7 32.8 0.1 36.0 3.2
Pension business
25.4 24.9 (0.5) 26.5 1.6
Securities business
7.8 8.8 1.0 10.5 1.7
Others
(0.4) (0.9) (0.5) (1.0) (0.1)
Operating expenses
21.0 14.5 (6.5) 14.0 (0.5)
Overhead ratio
64% 44% (20%) 39% (5%)
Pre-provision profit
11.6 18.2 6.6 22.0 3.8
Net income
4.6 10.1 5.5 12.0 1.9 Mitsui Asset: FY3/05 Highlights & FY3/06 Outlook
(Yen bn) MATB Actual Outlook FY3/04 FY3/05 Chg. FY3/06 Chg. Fees received
10.8 11.6 0.8
Fees paid (Minus)
3.0 2.8 (0.2)
Total
7.8 8.8 1.0 10.5 1.7 10.5
Revenues of Securities Sector
a b d (Yen bn) MATB Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Chg. FY3/06 Chg. Fees received
28.5 30.9 2.4
Fees paid (Minus)
3.1 6.0 2.9
Total
25.4 24.9 (0.5) 26.5 1.6 26.5
Revenues of Pension Operations Sector *JTSB: Japan Trustee Services Bank
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
Credit Costs & Pre-provision Profit (CMTB+MATB)
191.1 43.9 35.0 168.0 58.3 121.5 180.3 248.2 540.5 190.0 181.2 189.3 166.8 161.5 162.6 164.4 18% 23% 32% 64% 103% 110% 154% 324%
200 400 600 FY3/99 FY3/00 FY3/01 FY3/02 FY3/03 FY3/04 FY3/05 FY3/06
0% 100% 200% 300% 400%
Credit costs(1) Pre-provision profit (2) (1) / (2)
（ Yen bn） （ Outlook）
Credit costs to decline for 6 consecutive years, to 23% of pre-provision profit
a b d (Yen bn) CMTB Actual c:b-a Outlook e:d-b FY3/04 FY3/05 Chg. FY3/06 Chg. New NPLs costs
42.4 38.1 (4.3) 22.0 (16.1)
Off-balance costs
45.2 22.0 (23.2) 13.0 (9.0)
Transfer to the general reserve
(29.3) (16.2) 13.1
Total
58.3 43.9 (14.4) 35.0 (8.9)
a b d (Yen bn) CMTB Actual c:b-a Outlook e:d-b Disposal Amount FY3/04 FY3/05 Chg. FY3/06 Chg. Amount
198.3 253.7 55.4 110.0 (143.7)
Breakdown of Credit Costs Disposal Amount
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Mitsui Trust Financial Group
Balance of “Other” Special Mention Loans (Banking a/c + Trust a/c)
1,372.9 993.2 527.4 387.8
400 800 1,200 1,600 As of 3/02 3/03 3/04 3/05 (Yen bn)
165.2 283.1 291.7 452.7 94.9 184.9 410.6 504.2
250 500 750 1,000 As of 3/02 3/03 3/04 3/05
Close Observation Risky & (Virtual) Bankruptcy 9.2% 7.0% 4.9% 2.8%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% As of 3/02 3/03 3/04 3/05
（ Yen bn)
702.3 468.0 260.1 956.9
NPLs Balance (Banking a/c + Trust a/c) NPLs Ratio (Banking a/c + trust a/c)
NPLs Ratio: down to 2.8%
712.3 482.7 (98.6) 155.7 12.3 (162.7) (136.3)
(400) 400 800 3/04 Deterioration Deterioration Improvement Normalization Repayment 3/05 (Yen bn) Net increase by deterioration: 57.1 Net decrease by improvement (incl. normalization): 150.4 Decrease by repayment w /o chg. of classification: 136.3 (To High Risk
(From Normal) (From High Risk or below ) (To Normal) (Repayment w ithout change of classification) As of
Achieved the target to halve the NPLs ratio Migration on Special Mention Loans (Banking a/c + trust a/c)
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Mitsui Trust Financial Group
*1 Acquisition cost basis, except for 3/03 figure (book value basis, due to net unrealized losses)
785.7 535.4 469.5 344.9 559.1 635.6 73% 227% 95%
250 500 750 1,000 As of 3/03 3/04 3/05 0% 60% 120% 180% 240% Equity Portfolio*1 (1) Tier1 (2) (1) / (2) (Yen bn)
Equity Portfolio & Tier1 （
MTH, Consolidated)
21.9 86.3 (144.8)
138.3 (155.1) 100.0 12.9 (78.3) (43.2) 0.2 (8.8) (2.6) (200.0) (100.0) 0.0 100.0 200.0 As of 3/03 3/04 3/05 Total Of w hich, stocks Of w hich, securities Of w hich, others (Yen bn)
Available-for-sale securities
Net Unrealized Gains on Securities Held
（ MTH, Consolidated）
The balance declined to 73% of Tier1 Capital Net unrealized gains on securities held increased
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Mitsui Trust Financial Group
Balance of JGB Portfolio （ excluding TB, FB）
1,720 1,400 1,080
500 1,000 1,500 2,000
3/31/04 3/31/05 6/30/05 (Yen bn)
8.0 5.5 3.3
3 6 9 12 3/31/04 3/31/05 6/30/05 (Yen bn) Risk Quantity per 10BPV （ JGB excluding TB, FB）
Acquisition cost basis Change of risk quantity, when rate varies 10 basis points As of As of
Executed reduction of risk quantity
(Preliminary) (Preliminary)
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Mitsui Trust Financial Group
750.0
220.0 344.6 276.7 223.2
344.9 559.1 635.6 30% 35.1% 49.4% 99.9% 200 400 600 800 As of 3/03 3/04 3/05 3/06 0% 25% 50% 75% 100%
DTAs (1) Tier1 (2) (1)/(2)
Deferred Tax Assets (DTAs) & Tier1 （ MTH, Consolidated)
(Yen bn)
To 35% of Tier1 capital (MTH, Consolidated) FY3/06 estimate: DTAs to remain nearly flat FY3/06 estimate: DTAs to remain nearly flat
(Outlook) (Outlook) (Outlook)
CMTB: Non-consolidated (Yen bn) As of 3/04 3/05 Chg. 1 Deferred tax assets
284.6 240.3 (44.2)
Allowance for possible loan losses
60.4 43.9 (16.4)
Securities write-offs
31.8 30.3 (1.4)
Unrealized losses on available-for-sale securities
5.5
Reserve for retirement benefits
15.1 13.8 (1.2)
Tax loss carryfowards
270.3 235.2 (35.0)
Others
18.7 21.1 2.3
Valuation allowance (Non-booked)
(117.4) (104.3) 13.0
2 Deferred tax liabilities
15.7 14.4 (1.2)
Gains on establishment of retirement benefit trusts
12.9 11.4 (1.4)
Unrealized gains on available-for-sale securities
2.7 3.0 0.2
1-2 Net deferred tax assets
268.9 225.9 (43.0)
(Yen bn) Estimated profit Adjusted amount Estimated profit for DTA Assumption for estimation 5 yrs total 5 yrs total Pre-provision profit
1,300.0 (693.6) 606.4 Approx. 120yen bn p.a.
Net income before taxes
1,150.0 (705.5)
a
444.5 Approx. 90yen bn p.a.
Adjustment on tax account b
102.0
Taxable income before adjustments a+b
546.5 Approx. 110yen bn p.a.
Estimation of CMTB’s Taxable Income before Adjustments (5 Year Total) Breakdown of Deferred tax Assets & Liabilities
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Mitsui Trust Financial Group
Capital Adequacy Ratio (MTH, Consolidated)
(Yen bn) End balance chg. Risk assets chg. Increase of high yield assets
+550 +360
Housing loans
+380 +190
Alternative investments
+170 +170
Others
+20 +20
Total
+570 +380
Risk Assets Change in FY3/06 (Planned) 10.59 7.50 10.34 10.14 5.39 3.75 6.00 6.82
4 8 12 As of 3/02 3/03 3/04 3/05
Capital Adequacy Ratio & Tier1 Capital Ratio
(MTH, Consolidated) (%)
The Group’s Retained Earnings *1
28.2 99.1 165.4 250.0
100 200 300 400 As of 3/03 3/04 3/05 3/06
（ Outlook）
( Y e n b n )
*1 Total retained earnings of MTH+CMTB+MATB subtracted by amount required for accumulated earned reserve
Approx.
Preferred Shares
Amount (Yen bn) Type Year/Month
Dividend Rate Current Conversion Price Reset Floor
Annual reset date, Up/Down ward Resets
Mandatory conversion date Conversion Price at mandatory conversion date Final Reset Floor (Yen) Class I 32.0 Convertible 3/1998 2.50% 395.40 395.40 8/1/2018 Market price * 400 Class II 150.0 Convertible 3/1999 0.90% 450 450 8/1/2009 Market price * 400 Class III 250.25 Convertible 3/1999 1.25% 450 450 8/1/2009 Market price * 400 Total 432.25 * 30-day average for common share prices, starting from 45 days prior to mandatory conversion August 1, Downward reset only
(Yen bn) a b c:b-a d:Estimate e:d-b MTH, Consolidated 3/04 3/05 Change 3/06 Change Tier1
559.1 635.6 76.5 750.0 114.4
Tier2
386.3 331.4 (54.9) 320.0 (11.4)
Risk-weighted assets
9,307.3 9,320.5 13.2 9,700.0 379.5
Capital Adequacy Ratio 10.14% 10.34% 0.20%
Tier1 Ratio
6.00% 6.82% 0.82% 7.5 to7.9%
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Mitsui Trust Financial Group
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Mitsui Trust Financial Group
Newly established special division in CMTB, “Business Loan Dept.” Co-established Chuo Mitsui Finance Service Co. Ltd. with Nissin Co., Ltd. Adoption of auto-scoring system
Engaged in the business ahead of peers in anticipation of coming aging society
Enhancement of corporate revitalization finance & buyout-related finance
Small Business Loan (SBL)
Large Small Low risk Low interest rate High risk High interest rate Firm-size Sales-size Credit risk Interest rate CMTB （ Conventional genre） Ｓ Ｂ Ｌ genre CMTB （ Business Loan Dept） Chuo Mitsui Finance Service
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Mitsui Trust Financial Group This material contains certain forward-looking statements. These statements are not guarantees of future performance, and involve risks and uncertainties. Actual results may differ from these forward-looking statements contained in the present material, due to various factors, including, but not limited, to changes in