Nippon Trustee Service Shintaku Ginko

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Nippon Trustee Service Shintaku Ginko
legal form Kabushiki-gaisha (joint stock company)
founding June 20, 2000
Seat Chūō , Tokyo , Japan
management Yasuo Kuwana (Chairman of the Board)
sales ¥ 27,891,000,000 (2016)
Branch Banking
Website http://www.japantrustee.co.jp

The Nippon Trustee Service Shintaku Ginkō KK ( Japanese 日本 ト ラ ス テ ィ ・ サ ー ビ ス 信託 銀行 株式会社 Nippon Torasuti Sābisu Shintaku Ginkō Kabushiki-gaisha , English Japan Trustee Services Bank, Ltd. ), JTSB for short , is a trust bank in Japan . It was founded on June 20, 2000 and is headquartered in Chūō (Tokyo) .

history

The JTSB was founded on June 20, 2000 by Daiwa Bank, Limited (now: Resona Bank, Limited) and Sumitomo Trust & Banking Co., Ltd. (today: Sumitomo Mitsui Trust Bank, Limited) and started operations on July 25, 2000. It is the first trust bank in Japan to specialize in asset management. Initially, Sumitomo Trust & Banking transferred part of its assets and its trust business to JTSB in October 2000, followed by Daiwa Bank in June 2001. In September 2002 the Mitsui Trust Financial Group invested in the JTSB and a year later, like the parent company, transferred its trust business and parts of its assets to the JTSB. In April 2011, Chuo Mitsui Trust Holdings merged with Sumitomo Trust & Banking to become Sumitomo Mitsui Trust Holdings.

In 2014, several banks, including the JTSB, sued Olympus Corporation for a sum of ¥ 27,900,000,000 over losses incurred in Olympus' 2011 accounting scandal.

On August 9, 2016, JTSB sued Toshiba Corporation for a sum of ¥ 11,990,000,000 due to a similar Toshiba scandal in 2015.

The Mizuho Financial Group and Sumitomo Mitsui Trust Holdings plan to merge their respective Trust Banks, the Trust & Custody Services Bank and JTSB to 2020th

Shareholder

The two shareholders of JTSB are the parent companies Sumitomo Mitsui Trust Holdings and Resona Bank. Sumitomo Mitsui Trust Holdings owns 680,0000 shares (two thirds) while Resona Bank owns 340,0000 shares (one third).

tasks

The tasks of the JTSB include among others

Organization of the board

Chairman

  • Yasuo Kuwana

Deputy Chairman

  • Masatoshi Noguchi

Managing directors

  • Kunihiko Tsuneyoshi
  • Kenichiro Kurisu
  • Kenichi Okazaki
  • Takashi Okuda

Auditors

  • Minoru Nakamura
  • Akira Kobayashi
  • Shunichi Sakata

Executive officer

  • Tadayuki Sakai
  • Masato Tanabe
  • Yoshito Takahashi
  • Yasushi Kasahara
  • Takahiro Ishi
  • Hiroyuki Shindo

Corporate performance

In the 2016 fiscal year, the JTSB had sales of ¥ 27,891,000,000 while the cost was ¥ 27,320,000,000. Thus the profit was ¥ 570,000,000, ¥ 217,000,000 less than last year. the net profit was ¥ 348,000,000. The total assets were ¥ 6,901,302,000,000, the entrusted assets ¥ 240,176,012,000,000.

vision

The JTSB's management vision is that the JTSB intends to contribute to the development of society and businesses as well as the prosperity of society through its wealth management services. In addition, customer satisfaction and employee satisfaction are to be improved. JTSB aims to be recognized as "THE bank that specializes in asset management".

Web links

Individual evidence

  1. ↑ a b Japan Trustee Services Bank, Ltd. Corporate data accessed January 30, 2017
  2. ↑ a b c d e f JTSB 2016 annual report accessed on January 30, 2017
  3. ↑ Sumitomo Mitsui Trust Holdings Inc., history accessed on January 30, 2017
  4. ↑ Japan Times, Banks sue Olympus for ¥ 27.9 billion over fraud April 9, 2014, accessed January 30, 2017
  5. ↑ Japan Times, Japan Trustee Services Bank sues Toshiba for ¥ 12 billion over accounting scandal August 26, 2016, accessed January 30, 2017
  6. ↑ Business Insider, Toshiba: Japan trunk bank sues it for $ 120 million over accounting scandal August 25, 2016, accessed January 30, 2017
  7. ↑ Japan Times, Mizuho, ​​Sumitomo Mitsui Trust eye merging asset management banking arms January 18, 2017, accessed January 30, 2017