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The Outline of the Financial Reports as of the End of March 2002
Released by the Major Thirteen Banks

The financial reports of the major banks released on April 12, together with the publication of the results of special inspections, show that capital adequacy ratios of both internationally operating banks and domestically operating banks are projected to be well above 8% and 4% respectively. Therefore, the soundness of the banks, after taking into account the results of special inspections, is maintained. The outline of the financial reports released by the major banks is as follows.

  • 1. Operating profits from core businesses

    Operating profits from core businesses amounted to ¥ 4.0 trillion, an increase by ¥ 0.2 trillion (6%) compared with ¥ 3.8 trillion, i.e. the projections published in November 2001.

  • 2. Losses from the disposal of non performing loans(NPLs) (including additional provisions)

    Losses from the disposal of NPLs amounted to ¥ 7.8 trillion (¥ 7.1 trillion excluding those of the former Tokai Bank), an increase by ¥ 1.4 trillion (21%) compared with ¥ 6.4 trillion (¥ 5.7 trillion excluding those of the former Tokai Bank), the projections published in November 2001.

  • 3. Current profits/losses

    Current losses amounted to ¥ 4.9 trillion, an increase by ¥ 1.3 trillion (37%) compared with ¥ 3.6 trillion, i.e. the projections published in November 2001.

  • 4. Net profits/losses

    Net losses amounted to ¥ 3.4 trillion, an increase by ¥ 0.9 trillion (38%) compared with ¥ 2.5 trillion yen, the projections published in November 2001.

  • 5. Losses on securities

    (1) Impairment of ''Available-for-Sale Securities'' including cross shareholdings amounted to ¥ 1.5 trillion.
    (2) Unrealized losses on ''Available-for-Sale Securities'' (unrealized losses resulting from revaluation after impairment) amounted to ¥ 1.4 trillion (¥ 1.3 trillion attributable to shares), an improvement by ¥ 1.9 trillion compared with those as of the end of September 2001.

  • 6. Capital adequacy ratios (on an unconsolidated basis)

    Capital adequacy ratios range between slightly above 10.0% and around 11.1/2 % for internationally operating banks, and between slightly above 8.0% and around 10.1/2 % for domestically operating banks. (The corresponding ratios of banks were between 9.0% and 12.0% in the projections published in November 2001.)

PDFThe Outline of Financial Reports as of the End of March 2002(Major 13 Banks)

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