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Company:
MITSUBISHI TOKYO FINANCIAL GROUP
Services:
MTFG has rapidly overcome the issues relating to our non-performing loans
(NPLs) and equity holdings. At the same time, we have adopted a much more
aggressive management approach to increasing profits and reducing costs. As
a result, we have significantly strengthened our balance sheet and reduced
our NPL ratio below the 3% level, to 2.93% at the end of March 2004. Moreover,
in fiscal 2003 MTFG recorded net income of 560.8 billion yen and we also achieved
a BIS capital ratio of 12.95% as of the end of March 2004, a healthy level
and an improvement of 2.10 percentage points compared to a year earlier.
Looking ahead, we aim to further strengthen our business base and increase
profits. To realize these aims, we have formulated a new three-year plan starting
from fiscal 2004, ‘First Medium-Term Strategic Plan’ and ‘Medium-Term
Business Plan (2004)’, and have set an aspiration of becoming one of
the world's top ten financial institutions by market capitalization within
three years.
As a framework to realize this aspiration we introduced an integrated business
group system comprising three core business areas: Retail, Corporate, and
Trust Assets (Asset Management and Administration), in April 2004. These three
businesses will also be the Group's core sources of net operating profit.
In addition, the role of MTFG as the holding company has shifted from strategic
coordination to integrated strategic management. As such, Groupwide strategy
will be decided by the holding company and executed by Group banks.
Under our integrated business group system, we intend to reduce the overlap
of functions within the Group, and pursue efficiency and the benefits associated
with our scale as a Group. Also, through the integration of our expertise
in banking, trust and securities functions, we aim to deliver a diversity
of products and services to our customers as an integrated Group. In pursuit
of integration synergies and convenience to our customers, we will also create
and develop new services and channels such as MTFG Plaza, our integrated retail
channel. In these ways, we aim to fulfill the true needs of our customers.
Furthermore, we reaffirm our commitment to contribute to the prosperity of
our customers at home and abroad and of the communities we serve, and to continuously
create social and economic value, as described in our Group management philosophy.
A commitment to provide a better society and environment for future generations
is part of our corporate social responsibility, and we aim to enhance the
appreciation of our Group among customers, shareholders and other stakeholders
over the medium and long term.
As a unified Group, MTFG will pursue a Groupwide strategy and build a diversified,
high quality, comprehensive financial services group. We will respond to the
trust placed in us by our customers and endeavor to meet their expectations,
and we look forward to your continued support in the future.
Contact Details:
W: http://www.mtfg.co.jp
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