The Master Trust Bank of Japan explained

The Master Trust Bank of Japan
日本マスタートラスト信託銀行株式会社
Location City:Minato, Tokyo
Location Country:Japan
Key People:Kaoru Wachi (President)
Net Income:JPY 717 million (2016)
Aum:JPY 371 trillion (2016)
Assets:JPY 6,217.9 billion (2016)
Equity:JPY 21.8 billion (2016)
Parent:Mitsubishi UFJ Financial Group
Owner:Mitsubishi UFJ Trust and Banking Corporation (46.5%)
Nippon Life Insurance Company (33.5%)
Meiji Yasuda Life Insurance Company (10.0%)
Norinchukin Trust & Banking Co. (10.0%)

is a trust bank in Japan. It was founded in 2000 and claims to be the first trust bank in Japan to be exclusively engaged in asset administration business.[1]

The company's shareholders are Mitsubishi UFJ Trust and Banking Corporation (46.5%), Nippon Life Insurance (33.5%), Meiji Yasuda Life Insurance (10%) and Norinchukin Trust & Banking Co. (10%).[2] Master Trust Bank is treated as a consolidated subsidiary of Mitsubishi UFJ Trust and Banking, and is by extension part of the Mitsubishi UFJ Financial Group.[3]

It is one of the three main master trust service providers in Japan, alongside Trust & Custody Services Bank (affiliated with Mizuho) and Japan Trustee Services Bank (affiliated with SMFG).[4]

Shares

End of 2016 the Master Trust Bank of Japan had round about 4.9 percent of the Japanese advertiser Dentsu, Inc.[5] End of 2022 it hold circa 15.4 percent shares of Toyo Tires, worldwide according revenue the tenth biggest manufacturer of tires.[6] [7] Furthermore, it is with 10 percent biggest shareholder of the Japanese investment-company Softbank; last one was for example an early investor in the Chinese e-commerce-company Alibaba.[8]

History

Master Trust Bank was founded in 2000 with investments from Mitsubishi Trust Bank, Nippon Life Insurance, Toyo Trust Bank, Meiji Life Insurance and Deutsche Bank. A month after its founding, it became the first Japanese asset administrator to offer online information reporting services.[9]

References

  1. Web site: GREETINGS. mastertrust.co.jp. The Master Trust Bank of Japan, Ltd.. 2016-12-13.
  2. Web site: Corporate Overview (as of Jun. 28, 2016). www.mastertrust.co.jp. The Master Trust Bank of Japan, Ltd.. 2016-12-13.
  3. Web site: Group Companies in Japan : Mitsubishi UFJ Trust and Banking. tr.mufg.jp. 2016-12-13.
  4. Web site: マスタートラスト|用語集|企業年金連合会. pfa.or.jp. 2016-12-13.
  5. Kommission zur Ermittlung der Konzentration im Medienbereich: Jahresbericht 2016/2017, Page 71 (German, PDF-file, 2,9 MB), Retrieved 14. January 2024.
  6. Web site: Toyo Tire Corporation (Formerly Toyo Tire & Rubber Co., Ltd.) - MarkLines Automotive Industry Portal . marklines.com . 2022-12-31 . 2024-01-13.
  7. Web site: 2024-01-13. 2023-06-14. Umsatzstärkste Reifenhersteller 2022. de.statista.com.
  8. Web site: Mensholong . Lepcha . Softbank Shareholders, Who Owns The Most Shares of Softbank? . capital.com . 2022-11-23 . 2024-01-14.
  9. Web site: 2016ディスクロージャー誌. mastertrust.co.jp. The Master Trust Bank of Japan, Ltd..

External links