2004911 N Time to Catch the Big Wave 2004 1 2004911
SMBC 1
2004 1 3 12 Time to Catch the Big Wave 28 CSR 33 2
2004 1
4
2004 1 FY2004 1Q FY2003 4Q '03.4Q FY2003 1Q '03.1Q FY2003 124,660 122,991 1.4% 111,996 11.3% 453,813 101,058 96,708 4.5% 84,579 19.5% 352,434 68,319 68,820-0.7% 62,672 9.0% 259,914 34,193 28,603 19.5% 23,682 44.4% 96,130 14,284 14,244 0.3% 11,028 29.5% 42,637 10,871,681 10,765,665 11,378,630 10,765,665 610,102 604,170 557,770 604,170 EPS 10.73 8.30 31.66 BPS 458.47 419.90 453.60 ROE 9.4% 9.6% 8.0% 7.4% 2003 4 SMBC 1 1% 20 3 5
10 110 100 90 80 70 60 50 40 72.2 64.3 68.1 66.1 84.5 85.4 85.6 62.5 62.4 61.2 60.4 62.6 64.7 63.7 96.7 101.0 68.8 68.3 10 35 30 25 20 15 10 5 0 11.9 7.6 5.7 3.6 1.4 5.9 23.6 11.0 21.4 8.2 22.4 9.1 28.6 14.2 34.1 14.2 0-5 02/1Q 02/2Q 02/3Q 02/4Q 03/1Q 03/2Q 03/3Q 03/4Q 04/1Q -10-15 -2.5-10.9 02/1Q 02/2Q 02/3Q 02/4Q 03/1Q 03/2Q 03/3Q 03/4Q 04/1Q 6
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 11.6 20.5 16.4 13.6 10.4 14.6 15.8 12.7 23.3 15.1 12.2 21.6 18.2 36.9 46.4 28.4 35.7 21.4 16.8 8.4 FY2000 FY2001 FY2002 FY2003 2001 2000 7
150 100 50 2 0-50 116 101 88 77 58 31 18 1-10 -4-35 -100-78 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2001 FY2002 FY2003 FY2004 8
SMBC 250 200 SMBC 209 150 100 50 24 27 125 66 43 82 32 106 114 117 134 0-50 -100-48 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2001 FY2002 FY2003 FY2004 9
2004 1 267 123 24 2003 4 0.8% 2003 4 +4.9% 2003 4 24.9% FY2004 FY2003 1Q 4Q 03.4Q FY2003 3Q 2Q 1Q '03.1Q FY2003 342 343-0.4% 725 161 39 770.5% 1,270 1,737 2,006-13.4% 1,882 1,830 1,819-4.5% 7,538 352 889-60.3% 328 539 219 60.5% 1,977 2,432 3,239-24.9% 2,936 2,531 2,078 17.0% 10,786 10
FY2004 FY2003 1Q 4Q 03.4Q FY2003 3Q 2Q 1Q 03.1Q FY2003 19,186-947 - -613-2,394 5,811 230.2% 1,855 8,809 11,617-24.2% 5,806 7,697 10,098-12.8% 35,219 SMBC 20,004 11,767 70.0% 9,665 10,590 9,850 103.1% 41,873 SMBCPI 925 1,649-43.9% 2,128 853 841 10.0% 5,473 251 153 64.0% 315 164 138 81.6% 772 668 1,373-51.3% 1,550 1,639 965-30.8% 5,529 521 272 91.5% 66 171 13-523 104 147-29.5% 229 43 28 269.5% 448 544 1,010-46.1% 1,049 953 1,006-45.9% 4,019 588 125 369.2% 333-228 234 150.8% 465 2,432 3,239-24.9% 2,936 2,531 2,078 17.0% 10,786 11
2 2 10 1,000,000 800,000 600,000 400,000 5,000 4,000 3,000 2,000 200,000 70 50 1,000 0 02/12 03/3 03/6 03/9 03/12 04/3 04/6 0 200 TSR 6 33 0120-010101 7,600 13
03/3Q 14
21 9 15
16 5 25 8 5 62 8 1 NY 11 3 TV SKY PerfecTV! TVhttp://www.daiwatv.jp/ / TV http://www.daiwatv.jp/
SMA SMA Separately Managed Account SMA 1. 1. 2. 2. 3. 3. 4. SMA 5. MMI 17
SMA SMA(Separately Managed Account) SMA ( ) 18
SMA 3,000 500 6 2 500 6 5,000 500 1 2 ) 67 ( 5 ) 1 19
SMA 4 1.One to One SMA 2. 3. 4. SMA 20
4 1 1 One to One SMA SMA SMA 21
4 2 2 20 SMA 22
4 3 3 + 2 4 SMA SMA 23
SMBC 2004 + ABS SMBC SMBC 1 23.6% 54.1% 37.3% 21.0% 44.2% SMBC SMBC 2 18.1% 11.9% 15.6% 17.5% 11.4% 3 17.9% 11.6% 13.8% 15.4% 9.3% SMBC CSFB 4 13.7% 8.6% 11.2% 14.0% 6.5% UFJ 5 9.9% 5.8% 11.0% 10.1% 5.8% () SMBC 20044 20046 REIT ABS M&A 20041 6 2 : 24
99 18.2 500 0 4 6 199920002001 2002 2003 SMBC 2 03 21.0 1 3-2003 THE BEST DEBT HOUSE EUROMONEY 99 6.9 3 03 28.2 2-1 - 2003 EQUITY HOUSE OF THE YEAR THOMSON DealWatch 99 17.1 3 03 26.8 2 -NEC 5 3 25
SMBC Japan Real Estate Recovery Fund 4 20 200 20046 552 323 60 128 40 26
01 173 02 220 03 1,977 1 2003 61 66 45 9 IPO 1. 616 2. FG 3. 427 7 27
Time to Catch the Big Wave
623 13 4 29
2 12 SMBC SMBC 30
ROE 23 8,000 30% 16% 2003 ROE 14% 12% 10% 8% 6% 4% 2% 0% 2003 ROE 7.4 9.8 SMBC PI 7.2 2003 2004 2005 31
20033 18.0 % 45.2 7.9 27.8 6.5 29.1 1.2 100 20039 17.9 % 41.6 7.4 25.2 6.4 33.1 1.0 100 20043 20.7 % 39.8 6.4 25.1 6.2 31.2 2.1 100 32
CSR
CSR CSR CSR 34
SRI SRI 20016 1 4 2004630 48 A B http://www.daiwasbi.co.jp/) UBS 200311 UBS 2004630 85 CSR SRI 20045 SMBC 2004630 294 CSR R-BEC001 35
SRI SRI 20037 250 200312 20 2002 SRI 200210 NGO The Association for Sustainable & Responsible Investment in Asia ASrIA 200311 NPO SIF-Japan 20031111 http://www.daiwa.jp/ir/ IRSRI 0212 0312 045 SRI IR http://www.daiwair.co.jp/ SRI 36
20 TLO Technology Licensing Organization : CSR http://www.daiwa.jp/branding/ 2003 NIF 2003 (*) SCP 2004411 NPO 1919 130 NPO 1995 2000 37
38
CSR http://www.daiwa.jp/branding/ CSR 2004 9 39
IR http://www.daiwa.jp/ir/ 6 IR IR 40
2003 3 1,000 1999 1,0004,999 1,000 5,000 3,000 20053 41
IR TEL: 03-3243-3841 FAX: 03-3242-0955 E-mail: ir-section@dsgi.daiwa.co.jp URL: http://www.daiwa.jp/