Press Release
(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

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