Message from Management

Celebrating 10 Years of Solid Results

Since the launch of our joint venture in May 2010, when the impact of the global financial crisis was still felt, 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. As we mark our tenth year of operation, we would like to thank our clients, employees and shareholders for their continued support.

Leveraging the combined capabilities of MUFG’s unparalleled client footprint and Morgan Stanley’s global reach and financial expertise, our integrated investment banking team and respective capital markets teams have jointly scored solid wins on a number of notable transactions in the areas of M&A advisory and equity and debt offerings. Collaboration between the two companies has since been extended to the area of wealth management. 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 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: 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.

Competition in the securities industry is intensifying further, while we see such pressing needs as accelerating the shift “from savings to investment and asset building” and helping Japan’s industrial sector develop further and increase competitiveness. Amid such changing business environment, our joint venture will endeavor to provide unrivaled services and ideas to meet client and social needs by leveraging the synergies of MUFG and Morgan Stanley.

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.