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November 29, 2004

Millea Holdings, Inc.
President: Kunio Ishihara
TSE code number: 8766

Revised forecast of non-consolidated business results under Japanese GAAP for the fiscal year ending March 31, 2005

Millea Holdings, Inc. (the "Company") hereby announces that it has revised the original forecast of non-consolidated business results for the year ending March 31, 2005 (from April 1, 2004 to March 31, 2005) as follows.

1.Revised forecast of non-consolidated business results of the Company for the year ending March 31, 2005

(Unit: Billion yen, %)

  Ordinary income Ordinary profit Net income
Original forecast (A) (*1) 93 90 90
Revised forecast (B) 113 110 110
Difference (B)-(A) 20 20 20
Rate of increase/decrease 21.5 % 22.2% 22.2 %
(Reference)Actual results for
the year ended March 31, 2004
233.6 231.4 230.8

(*1) Announced on May 28, 2004.



2.Reasons for the revisions

The revisions are primarily due to the increase in the amount of dividends the Company receives from its subsidiaries.


As for the forecast of consolidated business results for the year ending March 31, 2005, please refer to the Kessan Tanshin report (summary of consolidated business results) published today.