Message from Management

Strong Ties Lead to Solid Results

Since the May 2010 launch of our joint venture, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities have been collaborating with each other on various fronts, to better meet the diversifying needs of our clients and to deliver best-in-class financial services and products. As a result, the joint venture is now one of the most successful aspects of the alliance between Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley. It is a great honor that our joint venture has recently received a string of accolades and awards from various financial industry publications, in recognition of the achievements that we made over the past few years. As we entered our tenth year of operations, we would like to thank our clients, employees and shareholders for their continued support.

Our integrated investment banking team and respective capital markets teams, leveraging the combined capabilities of MUFG’s unparalleled client footprint and Morgan Stanley’s global reach and financial expertise, have jointly scored solid wins on a number of large-sized and notable transactions in the areas of M&A and equity and debt offerings. Collaboration between the two companies has since been extended to the area of wealth management where we now provide domestic retail customers with preeminent advisory service tailored to their needs by leveraging Morgan Stanley’s global research capabilities. In sales & trading, we have been pursuing areas of cooperation by taking advantage of our respective unique strengths, and continuing to provide retail as well as institutional clients with an extensive range of exceptional financial services and products.

To Be the Most Trusted Companies in Japan’s Securities Industry

MUFG’s corporate vision is to be a foundation of strength, committed to meeting the needs of its customers, serving society, and fostering shared and sustainable growth for a better world. Morgan Stanley has also been focused on “putting clients first” and adhering to the highest standards of integrity and excellence, with its founding principle: Do first class business in a first class way.

As such, the two companies share a core value of achieving a high level of customer satisfaction, and every employee of both sides has diligently followed this value to earn the trust of clients.

Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities will continue working closely together as one joint venture, so as to combine efforts in providing clients with the best possible service and to achieve our goal of becoming the most trusted companies in Japan’s securities industry.