We provide unrivaled value propositions and services to our clients by best utilizing our unique business model, a combination of a bank-affiliated Japanese securities firm and a foreign-capitalized investment bank.

Retail Client Businesses

Since 2011, Mitsubishi UFJ Morgan Stanley Securities (MUMSS) has been selling “uridashi” bonds issued by Morgan Stanley through its retail network.

MUMSS has also been providing its retail clients with Morgan Stanley’s research reports and in 2014, started offering webinar contents featuring analysts of Morgan Stanley MUFG Securities (MSMS) as well as Morgan Stanley in its Internet seminars designed exclusively for online trading customers.

In the area of investment trust products, MUMSS collaborated with Morgan Stanley Investment Management on the development of such products as “Morgan Stanley Global Premium Stock Open” and “Smart Protector 90,” and has been selling them through its retail network.

In wealth management, Mitsubishi UFJ Morgan Stanley PB Securities* has been offering products and advisory services tailored to each client’s specific needs by leveraging MUFG’s broad array of retail financial services and Morgan Stanley’s global know-how.

* Mitsubishi UFJ Morgan Stanley PB Securities Co., Ltd. became a subsidiary of MUMSS in March 2014.

Investment Banking Businesses

We have engaged in a number of industry-defining transactions by effectively and swiftly catering to client needs, leveraging the benefits of our collaboration with MUFG Bank, which utilizes MUFG’s strong capital and client base, and by providing high-quality strategic advice and highly creative solutions backed by Morgan Stanley’s global network and track record.

In equity underwriting, our joint venture continues contributing to the development of Japan’s equity capital market by being involved in a series of large Japanese initial public offerings and follow-on offerings. In 2017, we acted as Joint Global Coordinator on significant transactions such as the year’s largest Japanese global IPO by SG Holdings (listed December 2017 / approximately JPY127.6 billion) and global follow-on offering by Renesas Electronics (June 2017 / approximately JPY348.5 billion). In prior years, our joint venture was similarly involved in bookrunning both the domestic and international tranches of large Japanese equity offerings such as the global IPOs of Japan Post Holdings, Japan Post Bank and Japan Post Insurance (listed November 2015 / approximately JPY1.4 trillion / an unprecedented concurrent tri-IPO of group companies), the global IPO of Kyushu Railway (listed October 2016 / approximately JPY416 billion / the fourth Japan Railways company to go public), the dual listing in New York and Tokyo by LINE in its global IPO (listed July 2016 / approximately JPY132.8 billion), Suntory Beverage & Food’s global IPO (listed July 2013 / approximately JPY390 billion) and the global IPO by Japan Airlines (listed September 2012 / approximately JPY663.2 billion).

In debt underwriting, we continued to play an important role in expanding ESG investment opportunities in the Japanese corporate bond market. In 2017, we acted as Lead Manager for Tokyo Metropolitan Government’s green bonds (October 2017 / JPY10 billion), the first-ever green bond by Japan’s municipal government, and sole Bookrunner in Toda Corporation’s green bond (December 2017 / JPY10 billion), the first green bond in the Japanese corporate sector whose proceeds were invested in the issuer’s core business project, and in Japan Railway Construction, Transport and Technology Agency’s green bond, the first zaito-agency green bond (November 2017 / JPY20 billion). Our joint venture also continued contributing to the expansion and activation of Japan’s corporate bond market by acting as Joint Bookrunner in transactions such as Aflac’s subordinated global yen bond (October 2017 / JPY60 billion), the first-ever subordinated bond placed with Japanese investors by an overseas insurance company, and Sekisui House’s domestic hybrid bonds (August 2017 / JPY120 billion).

In M&A advisory, MUMSS has been serving as trusted financial advisor to many Japanese corporates for their industry-defining and transformational transactions, fully utilizing Morgan Stanley’s global and sophisticated information-gathering capability, industry know-how and proven track record. In 2017, MUMSS acted as financial adviser in key transactions such as the acquisition of Toshiba Memory by a consortium of Japanese, U.S. and South Korean companies (announced in September 2017 / approximately JPY2 trillion), Bain Capital’s acquisition of Asatsu-DK through a cash tender offer (announced in October 2017 / approximately JPY133 billion), as well as KKR’s acquisition of Hitachi Koki (announced in January 2017 / approximately JPY153 billion).

In prior years, we acted as exclusive financial advisor to Suntory Holdings Ltd. in its acquisition of U.S.-based Beam Inc. (announced in January 2014 / approximately JPY1.6 trillion), and also acted as sole financial advisor to Asahi Kasei Corporation in its acquisition of U.S.-based Polypore International, Inc. (announced in February 2015 / approximately JPY263 billion), combined with a simultaneous sale of one of Polypore’s business segments to U.S.-based 3M Company (approximately JPY120 billion). In 2016, MUMSS acted as financial advisor in a number of transactions, including Canon’s acquisition of Toshiba Medical (announced in March 2016 / approximately JPY670 billion), KKR’s acquisition of Calsonic Kansei (announced in November 2016 / approximately JPY500 billion), the third-party share allocation to Hon Hai by Sharp (announced in February 2016 / approximately JPY390 billion), and Komatsu’s acquisition of U.S.-based Joy Global Inc. (announced in July 2016 / approximately JPY385 billion).