Four major banks that released their fiscal 1999 earning reports Tuesday returned to the black after at least a year of losses.
On an unconsolidated basis, Mitsubishi Trust & Banking Corp. logged 126.4 billion yen in pretax profits, compared to the 193.7 billion yen loss reported the year before.
Sumitomo Trust & Banking Co. reported 76.7 billion yen in pretax profits, coming back from the 187.4 billion yen loss in fiscal 1998, while Daiwa Bank posted 37.6 billion yen in pretax profits and Toyo Trust & Banking Co. logged 29.4 billion yen.