**EXHIBIT 12**
**CERTIFICATIONS**
     I, Kunio Ishihara, certify that:
     1.     I have reviewed this annual report of Millea Holdings, Inc. (the“company”);
     2.     Based on my knowledge, this report does not contain any untruestatement of a material fact or omit to state a material fact necessary to makethe statements made, in light of the circumstances under which such statementswere made, not misleading with respect to the period covered by this report;
     3.     Based on my knowledge, the financial statements, and other financialinformation included in this report, fairly present in all material respectsthe financial condition, results of operations and cash flows of the company asof, and for, the periods presented in this report;
     4.     The company’s other certifying officer(s) and I are responsible forestablishing and maintaining disclosure controls and procedures (as defined inExchange Act Rules 13a-15(e) and 15d-15(e)) for the company and have:
     (a)  Designed such disclosure controls and procedures, or caused suchdisclosure controls and procedures to be designed under our supervision, toensure that material information relating to the company, including itsconsolidated subsidiaries, is made known to us by others within those entities,particularly during the period in which this report is being prepared;
     (b)  [Reserved]
     (c)  Evaluated the effectiveness of the company’s disclosure controls andprocedures and presented in this report our conclusions about the effectivenessof the disclosure controls and procedures, as of the end of the period coveredby this report based on such evaluation; and
     (d)  Disclosed in this report any change in the company’s internal controlover financial reporting that occurred during the period covered by the annualreport that has materially affected, or is reasonably likely to materiallyaffect, the company’s internal control over financial reporting; and
     5.     The company’s other certifying officer(s) and I have disclosed, basedon our most recent evaluation of internal control over financial reporting, tothe company’s auditors and the audit committee of the company’s board ofdirectors (or persons performing the equivalent functions):
     (a)  All significant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which are reasonablylikely to adversely affect the company’s ability to record, process, summarizeand report financial information; and
     (b)  Any fraud, whether or not material, that involves management or otheremployees who have a significant role in the company’s internal control overfinancial reporting.
Date: September 29, 2003       By: /s/ KUNIO ISHIHARA        Name: Kunio Ishihara    Title: President and Director    (Principal Executive Officer)
 

 

     I, Yukiteru Noji, certify that:
     1.     I have reviewed this annual report of Millea Holdings, Inc. (the“company”);
     2.     Based on my knowledge, this report does not contain any untruestatement of a material fact or omit to state a material fact necessary to makethe statements made, in light of the circumstances under which such statementswere made, not misleading with respect to the period covered by this report;
     3.     Based on my knowledge, the financial statements, and other financialinformation included in this report, fairly present in all material respectsthe financial condition, results of operations and cash flows of the company asof, and for, the periods presented in this report;
     4.     The company’s other certifying officer(s) and I are responsible forestablishing and maintaining disclosure controls and procedures (as defined inExchange Act Rules 13a-15(e) and 15d-15(e)) for the company and have:
     (a)  Designed such disclosure controls and procedures, or caused suchdisclosure controls and procedures to be designed under our supervision, toensure that material information relating to the company, including itsconsolidated subsidiaries, is made known to us by others within those entities,particularly during the period in which this report is being prepared;
     (b)  [Reserved]
     (c)  Evaluated the effectiveness of the company’s disclosure controls andprocedures and presented in this report our conclusions about the effectivenessof the disclosure controls and procedures, as of the end of the period coveredby this report based on such evaluation; and
     (d)  Disclosed in this report any change in the company’s internal controlover financial reporting that occurred during the period covered by the annualreport that has materially affected, or is reasonably likely to materiallyaffect, the company’s internal control over financial reporting; and
     5.     The company’s other certifying officer(s) and I have disclosed, basedon our most recent evaluation of internal control over financial reporting, tothe company’s auditors and the audit committee of the company’s board ofdirectors (or persons performing the equivalent functions):
     (a)  All significant deficiencies and material weaknesses in the design oroperation of internal control over financial reporting which are reasonablylikely to adversely affect the company’s ability to record, process, summarizeand report financial information; and
     (b)  Any fraud, whether or not material, that involves management or otheremployees who have a significant role in the company’s internal control overfinancial reporting.
Date: September 29, 2003       By: /s/ YUKITERU NOJI        Name: Yukiteru Noji    Title: Senior Managing Director    (Principal Financial Officer)