 |

| (English translation) |
| April 15, 2004 |
|
Notice of Increase in Net
Unrealized Gains on Securities Available For Sale
For the Fiscal Year ended March 31, 2004
|
| The Company hereby announces that the net unrealized gains on securities
available for sale for the fiscal year ended March 31, 2004 are expected
to increase as stated below: |
|
(A) Net unrealized gains on securities available for sale
as of March 31, 2004:
|
742.5 billion yen |
| (B) Net unrealized gains on securities
available for sale as of March 31, 2003: |
426.7 billion yen |
| (C) Increase in net unrealized gains on
securities available for sale for the fiscal year ended March
31, 2004 (A - B): |
315.8 billion yen |
| (D) Net assets as of March
31, 2003 (C/D *100): |
1,026.5 billion yen
(30.8%) |
|
|
| (Note) |
The above information is disclosed, since the amount of the
net unrealized gains on securities available for sale for the
fiscal year ended March 31, 2004 ((C) of the above list) is
estimated to increase 30% over the net assets of the previous
fiscal year ((D) of the above list). |
| (Reference) |
Latent gains or losses on securities available for sale with
fair values(before tax): |
|
|
(Billions of yen) |
|
| Types of securities |
For the fiscal
year ended March 31, 2003(As of March 31, 2003) |
For the fiscal
year ended March 31, 2004(As of March 31, 2004) |
Increase (decrease)
= (b) - (a) |
| Acquisition costs |
Fair value |
Unrealized gain (loss) (a) |
Acquisition costs |
Fair value |
Unrealized gain (loss) (b) |
| Bonds and debentures |
1,681.4 |
1,763.4 |
82.0 |
1,741.7 |
1,782.3 |
40.6 |
-41.3 |
| Stock |
854.5 |
1,355.8 |
501.3 |
779.2 |
1,842.7 |
1,063.5 |
562.2 |
| Foreign securities |
641.5 |
726.4 |
84.8 |
736.9 |
790.2 |
53.3 |
-31.5 |
| Other |
60.9 |
60.1 |
-0.7 |
68.5 |
73.5 |
4.9 |
5.7 |
| Total |
3,238.6 |
3,906.0 |
667.4 |
3,326.4 |
4,488.9 |
1,162.5 |
495.1 |
|
|