Accelerating Value Creation for Shareholders
(Appendix) Proposal for Integration with UFJ Group
Rationalization effect of overlapping operation
■¥200bn average annual pre-tax benefit from rationalization
■Track record of achieving cost reduction from the integration of
former Sakura and former Sumitomo
- Reduced expenses from ¥700.1bn in FY2000 to ¥584.0bn in FY2003 (-17%)
SMFG
Branch Integration
Approx. ¥60bn
UFJ
SMFG
366 branches
435 branches
■Approx. 200 overlapping branches
Workforce Integration
Approx. ¥90bn
■Natural attrition plus
restraining recruiting
■Reallocation of human
resources from overlapping
functions to strategic business
areas
Systems Integration
/Others
Approx. ¥50bn
Experience of systems
integration of
former Sakura and
former Sumitomo
Notes: As of March 2004.
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