UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December, 2003
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MITSUBISHI TOKYO FINANCIAL GROUP, INC.
(Translation of registrant's name into English)
4-1, Marunouchi 2-chome, Chiyoda-ku
Tokyo 100-6326, Japan
(Address of principal executive offices)
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[Indicate by check mark whether the registrant files or
will file annual reports under cover Form 20-F or Form 40-F.]
Form 20-F __X__ Form 40-F _____
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.]
Yes ____ No __X__
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: December 25, 2003
MITSUBISHI TOKYO FINANCIAL GROUP, INC.
By: /s/ Atsushi Inamura
-------------------------------------
Name: Atsushi Inamura
Title: Chief Manager, General Affairs
Corporate Administration Division
Mitsubishi Tokyo Financial Group, Inc.
MTFG to introduce Integrated Business Group system
Tokyo, December 25, 2003 --- Mitsubishi Tokyo Financial Group, Inc. (MTFG) today
announced that it planned to adopt an Integrated Business Group system from
April 1, 2004, with the aim of progressing its shift to consolidated and
integrated management of the Group.
MTFG is currently engaged in reshaping the business model of the entire Group.
Adoption of an Integrated Business Group system will allow integrated management
of Group businesses, as unified strategies for the Group will be decided at the
holding company and then implemented at Group banks.
Under this system, the Group aims to further enhance the expertise of each Group
company and offer customers even higher quality and more comprehensive financial
services, while improving the speed and consistency of decision making across
the Group and ensuring the most efficient allocation of Group management
resources. Moreover, MTFG is working to leverage the capabilities of the entire
Group by increasing profitability and competitiveness as a comprehensive
provider of high-quality, diversified financial services, and in doing so to
maximize shareholder value.
1. Purpose of introducing the Integrated Business Group system
The Integrated Business Group system is being introduced with the following
aims:
1) Seamless provision of comprehensive financial services to customers
By implementing a unified Group strategy, Group banks will be seen by
customers as being part of an integrated group while still remaining
separate entities, and the Group will be able to maximize the value of
its financial services in a rapid manner.
2) Straightforward implementation of new strategy and business models
The Group will be able to develop and implement new integrated
strategies and business models from a group management point of view. By
concentrating each business planning and operations management in the
holding company, the system will be constructed so that strategic
decisions can be made on an integrated basis for the whole Group and
managed centrally at the holding company while being implemented by
Group banks.
3) Realizing the potential of Group employees
Under the new system MTFG employees will have the opportunity to develop
their professional capabilities and realize their potential on a broader
front than previously.
2. Nature of the holding company:
Shifting from Strategic Coordination to Integrated Strategic Management
The nature of the holding company will change from being a strategic
coordination body, to being a provider of integrated strategic management.
This reflects one of the purposes of introducing the new Integrated
Business Group system, which is to create a structure in which strategic
decisions are made on an integrated basis for the whole Group by the MTFG
Executive Committee, while being implemented by Group banks.
1
3. Outline of Integrated Business Group system
1) Establishment of Integrated Business Groups
Retail banking, corporate banking, and trust assets (asset management,
administration operations and custody services) will be positioned as
the three core consolidated operating profit generating businesses, and
three new business groups will be established: the Integrated Retail
Banking Business Group, the Integrated Corporate Banking Business Group,
and the Integrated Trust Assets Business Group.
2) Integrated Business Group structure
--------------------------
--------------------------------------------------------------------------------------------------- MTFG Holding Company ---
--------------------------
------------------------- ----------------------------------------------
Board of Directors Executive Management Functions
------------------------- (1) Strategic decision making support
------------------------- (2) Group risk management
Executive Committee (3) Pursuit of overall Group efficiency
------------------------- ----------------------------------------------
------------------------------- ------------------------------- -------------------------------
RETAIL BANKING CORPORATE BANKING TRUST ASSETS
Integrated Business Group Integrated Business Group Integrated Business Group
------------------------------- ------------------------------- -------------------------------
-------------------------- -------------------------- --------------------------
Head of group Head of group Head of group
Deputy Head Deputy Head Deputy Head
-------------------------- -------------------------- --------------------------
-------------------------- -------------------------- --------------------------
Support divisions Support divisions Support divisions
-------------------------- -------------------------- --------------------------
--------------------------------------------------------------------------------------------------------------------------------
--------- --------- --------- --------- --------- ---------
BTM MTBC BTM MTBC BTM MTBC
BU BU BU BU BU BU
Head Head Head Head Head Head
--------- --------- --------- --------- --------- ---------
[X] In order to develop and implement integrated strategy effectively for
the whole Group, MTFG and Group banks will be managed through a `three
in one' structure. Each MTFG Integrated Business Group will include
the BTM and MTBC business units and divisions pertaining to the
operations of the business group (including those of related
subsidiaries and affiliated companies).
[X] As the holding company's organization, MTFG will hold the head and
deputy head of each Integrated Business Group, and will establish and
staff support divisions (see "Support divisions" in the above chart).
[X] The head and deputy head of each Integrated Business Group will
concurrently serve as heads of related business units of Group banks.
Moreover, although each MTFG division will be constructed from
employees delegated from subsidiary banks, these employees will
concurrently serve in related divisions of the subsidiary banks,
helping to maintain the smooth execution of operations.
2
[X] Business planning and operations management functions will be retained
at the minimum necessary level for each business in Group banks, and
streamlined by concentrating their functions and location within the
Integrated Business Groups.
Concentrated support functions:
. Business planning: Responsible for formulation of business
strategy, such as supporting Integrated Business Group heads in
developing integrated strategy, etc.
. Operations management: Responsible for monitoring strategic
implementation, such as formulating branch and area performance
evaluation policy, etc.
[X] Broad decisions on matters such as Group strategy, budgeting, and the
allocation of resources (staffing, capital, and expenses) will be made
by the MTFG Executive Committee, and as the body responsible for
formulating integrated Group strategy, this committee will serve to
actively develop and utilize the capabilities of the overall Group.
[X] In implementing a unified strategy under which Group banks remain
separate entities, MTFG will conduct more detailed investigations into
a performance evaluation under the principle of standardizing the
approach within each Integrated Business Group.
4. Establishment of preparation teams
On January 5, 2004, three preparation teams will be formed temporarily to
prepare for the introduction of the Integrated Business Group system. These
teams, and the Integrated Business Group each is responsible for, are as
follows.
------------------------------------------------------------------------------------------------
Preparation Team (from January 1, 2004) Integrated Business Group (from April 1, 2004)
------------------------------------------------------------------------------------------------
Preparation Team No. 1 Integrated Corporate Banking Business Group
(Integrated Corporate Banking)
------------------------------------------------------------------------------------------------
Preparation Team No. 2 Integrated Retail Banking Business Group
(Integrated Retail Banking)
------------------------------------------------------------------------------------------------
Preparation Team No. 3 Integrated Trust Assets Business Group
(Integrated Trust Assets Business)
------------------------------------------------------------------------------------------------
For further information please contact:
Mr. Seiji Itai, Chief Manager
Corporate Communications Office
Tel. 81-3-3240-8136
3
(Reference)
Mitsubishi Tokyo Financial Group, Inc.
Head and Deputy Head of Preparation Teams
Tokyo, December 25, 2003 --- The Heads and the Deputy Heads of the three
Preparation Teams to be established on January 5, 2004 are as listed below.
Preparation Team No.1 (Preparation Team for the Integrated Corporate Banking
Business Group)
-------------------------------------------------------------------------------------------------
Title Name Current Position
-------------------------------------------------------------------------------------------------
Head Yasumasa Gomi The Bank of Tokyo-Mitsubishi, Ltd.
Deputy President
-------------------------------------------------------------------------------------------------
Kunichiro Adachi The Mitsubishi Trust and Banking Corporation
Managing Director
Deputy Head ------------------------------------------------------------------------
Takahiro Moriguchi The Bank of Tokyo-Mitsubishi, Ltd.
Deputy President
-------------------------------------------------------------------------------------------------
Preparation Team No.2 (Preparation Team for the Integrated Retail Banking
Business Group)
-------------------------------------------------------------------------------------------------
Title Name Current Position
-------------------------------------------------------------------------------------------------
Head Ryuuichi Murata The Bank of Tokyo-Mitsubishi, Ltd.
Managing Director
-------------------------------------------------------------------------------------------------
The Mitsubishi Trust and Banking Corporation
Deputy Head Hajime Mita Director & General Manager
Personal Banking Division
-------------------------------------------------------------------------------------------------
Preparation Team No.3 (Preparation Team for the Integrated Trust Assets
Business Group)
-------------------------------------------------------------------------------------------------
Title Name Current Position
-------------------------------------------------------------------------------------------------
Head Haruya Uehara The Mitsubishi Trust and Banking Corporation
Deputy President
-------------------------------------------------------------------------------------------------
Tetsuo Iwata The Bank of Tokyo-Mitsubishi, Ltd.
Managing Director
Deputy Head ------------------------------------------------------------------------
Toshio Koyama The Mitsubishi Trust and Banking Corporation
Managing Director
-------------------------------------------------------------------------------------------------
For further information, please contact
Seiji Itai, Chief Manager
Corporate Communications Office
Tel.: 81-3-3240-8136