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Since its establishment over 100 years ago, The Mie Bank, Ltd. has built up the firm foundation it has today by contributing to the
development of local society in step with everyone in the community.
,
The Bank s head office is located in Yokkaichi, Mie Prefecture, and it has 74 branches centered on Mie and Aichi Prefectures,
as well as 1 each in Tokyo and Osaka. It was founded in 1895 as the Yokkaichi Bank but acquired several other regional banks
over the years, and in 1939 the name was changed to The Mie Bank, Ltd. In 1978, it began handling foreign exchange business in
response to the growing demand for international finance.
The Bank aims to preserve management transparency through proactive disclosure policies and to become the“No.1 local
bank for trustworthiness, with sound assets and firm profitability,”further enhancing its business value.
At June 30, 2004, the Group comprised the Bank and 9 consolidated subsidiaries. With the Bank's operations at the center, other
financial services extend to leasing, credit card service and others.
Head Office and 74 branches
The Miegin Sogo-Lease Co., Ltd.(Leasing business )
The Miegin Institute of Research Co., Ltd.(Research and consulting)
The Miegin Card Co., Ltd.(Credit card business)
The Miegin Shinyo-hosho Co., Ltd.(Credit guarantee business)
The Miegin Finance Co., Ltd.(Investment and financing business)
The Miegin Computer Service Co., Ltd.(Computer software development)
The Miegin Business Service, Co., Ltd.(Business operations service)
The Miegin Mortgage Service, Co., Ltd.(Mortgage investigation service)
The Miegin Office Support Co., Ltd.(Business operations service)
Millions of Yen
Years ended March 31
（Millions of Yen）
（Billions of Yen）
（%）
3,000
10
1,200
9
1,150
8
1,100
7
1,050
（Billions of Yen）
850
2,500
2,000
800
1,500
1,000
750
500
0
2000
2001
2002
2003
2004
6
2000
2001
2002
2003
2004
1,000
2000
2001
2002
2003
2004
700
2000
2001
2002
2003
2004
Our managerial ideal is to become and to be perceived as a bank which develops together with the
region in which it is based, a bank which is able to flourish together with its customers, and a bank
which strides forward hand in hand with its shareholders and employees. In order to realize this
ideal, we intend to strive to be of maximum use to the local community and to our customers. At
the same time, we intend to foster a corporate culture that will enable our employees to work with a
spirit of pride in their hearts. In this way we hope to raise our corporate value and to live up to the
trust placed in us by our shareholders.
In the belief that you will sympathize with these goals, may I take this opportunity to ask for your
continuing support and patronage.
Tadashi Inoue, President
In order to strengthen our earning capacity, we have taken positive action including focusing on corporate loans, strengthening personal loans, and
promoting sales of financial instruments such as investment trusts and personal pension insurance. At the same time we have attempted to introduce
greater efficiency into our operations and to implement reductions in costs.
As a result of our efforts to build up personal deposits and corporate deposits, the deposit balance (including NCD) at end of
the year was up by ¥19 billion over the previous year to a level of ¥1,193 billion.
Although local demand for funds remained flat, the loan balance was up by ¥12 billion over the end of the previous year to
¥827 billion. This was the result of concentrating on promoting syndicate loans, especially to large corporations, and
personal loans, in particular housing loans.
With the continuation of low interest rates in Japan, we strove to conduct flexible investment activities while keeping a close
eye on market trends. As a consequence, our year-end securities balance was up ¥27 billion over the end of the previous year
to ¥367 billion.
Although interests and dividends decreased due to a fall in the yield on securities, this was offset by an increase in fees and
commissions, especially those related to investment trusts and personal pension insurance. Profits of ¥2,433 million from
refunding the portion of Substitutional Benefit of Employee's Pension Fund were recorded as other income, after which total
income rose ¥1,604 million over the previous year to ¥34,551 million. Meanwhile total expenses decreased by ¥490 million
due to a fall in interest on deposits. The result of all this was an increase in net income of ¥1,490 million from the previous
year to ¥2,814 million.
The Mie Bank has obtained ratings from two rating agencies. As regards our long-term preferential liabilities, our current
ratings are A with JCR and A- with R&I.
Consolidated risk-monitored loans at March 31, 2004 and 2003 are stated below.
Millions of Yen
Years ended March 31
Notes: 1. Percentages in parentheses refer to total term-end loan balance.
2. Definition of loans
(1) Bankrupt loans : credits for which accrued interest is not accounted in revenue, credits extended to borrowers that are undergoing bankruptcy, corporate
reorganization and rehabilitation proceedings or debtors receiving orders of disposition by suspension of business at bill clearing houses.
(2) Non-accrual loans : credits for which accrued interest is not accounted in revenue, credits, excluding loans to bankrupt borrowers and loans with grace for interest
payment to assist in corporate reorganization or to support business.
(3) Past due loans (3 months or more) : loans with payment of principal or interest in arrears for more than 3 months, calculated from the day following the contractual
due date, excluding borrowers in categories (1) and (2).
(4) Restructured loans : loans to borrowers in severe financial condition given certain favorable terms and conditions to assist in corporate rehabilitation or support
business, excluding borrowers in categories (1) through (3).
Millions of Yen
Thousands of
U.S. Dollars
Millions of Yen
Thousands of
U.S. Dollars
Yen
U.S.Dollars
1.The original Japanese financial statements of The Mie Bank, Ltd. and its consolidated subsidiaries as of March 31, 2004 that are the basis of the
accompanying English consolidated financial statements have been audited in accordance with auditing standards procedures and practices generally
accepted and applied in Japan by AZSA & Co.
2.U. S. dollar amounts are converted from Japanese yen, solely for convenience, at the rate of ¥105.69 per U.S. ＄1.00, the exchange rate prevailing on
March 31, 2004.
Millions of Yen
Thousands of
U.S. Dollars
(As of June 30, 2004)
Kenji Yamamoto
Yoshiharu Miyamoto
Seiichiro Kumazawa
Takao Ito
*Executive Officers
（As of June 30, 2004）
（As of March 31,2004）
NAGOYA
OSAKA:1 Branch
TOKYO:1 Branch
Aichi Prefecture:16 Branches
YOKKAICHI（Head Office）
Mie Prefecture:56 Branches
（As of June 30,2004）