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2 TOKYO STOCK EXCHANGE’s XBRL project XBRL Trial & Demonstration Program in Financial Disclosure – Anybody can freely try out “XBRL” – Kiyoyuki Tsuchimoto Director of Listing Department

3 Overview of the disclosure system in Japan Timely disclosure (based on the rules of the stock exchange) Statutory disclosure (based on the Securities and Exchange Law) Disclosure System

4 Statutory DisclosureTimely Disclosure ・ Securities report (within three months subsequent to balance sheet date) ・ Semi-annual report (within three months subsequent to semi- annual balance sheet date) ・ Quarterly report (under consideration to make the report statutorily mandatory) ・ Extraordinary report (without delay) ・ Preliminary report of Earnings Digest (average time required: about 43.5 days) r ・ Semi-annual Preliminary report of Earnings Digest (average time required: about 43.4 days) ・ Quarterly report (average time required: about 33.9 days) ・ Decisions and occurrence (promptly) Comparison between statutory disclosure and timely disclosure

5 TDnet (which is a timely disclosure network system) 【 Operations began in April 1998 】 (1)Submit and register disclosure data to the TSE online (2)Give explanations of disclosure data to the TSE over the phone (3) Output disclosure data on TDnet terminals set at media institutions (4) Obtain certificates (at any time after disclosure) (5) Enable the public to view disclosure data (TSE’s web site, TDnet database service) * The public can view the data on the TSE’s Web site ( or by using the database service. All Listed companies in Japan More than 4,000 companies Investors Contractors Media institutions,etc. Database Service Issue certificates Register Web Real-time service TDnet

6 Reference format of Earning Digest TSE-ED- Taxonomy XBRL CSV HTML PDF Automatically Conversion XBRL Usage of XBRL in TD-net

7 Statutory disclosureTimely disclosure Accuracy ◎ ○ Promptness △◎ Flexibility×○ Comparability ◎◎ Means to ensure accuracy e.g., Criminal penalty, Fine, Civil liability, Audit system under the premise of accuracy of statutory disclosure requirements for improvement report delisting where the third improvement report is required within three years Keyword of statutory disclosure and timely disclosure

8 TSE’s Basic Policy with Regards to Expanded Application of XBRL into Timely Disclosure Applicable range of XBRLXBRL will be utilized at the time of reception and provision of financial information under the timely disclosures system. XBRL will be utilized for basic financial statements as well as the first page of Earnings Digest when XBRL will be utilized in financial information of the timely disclosure system. (a balance sheet, a profit and loss statement and a cash flow statement and the like. ) XBRL will be introduced into TDnet (Timely Disclosure network). Time of introductionTSE will fully introduce XBRL in 2008 business year by taking into consideration the developments of EDINET.

9 Test Publication of XBRL Data – Anybody can freely try out “XBRL” – XBRL data for consolidated earnings digests is published on the following site. URL ： ＜ Top screen ＞

10 Test Publication of XBRL Data – Anybody can freely try out “XBRL” – On the tentative publication site, anybody can try out the following uses of XBRL data for consolidated earnings digests.  Display XBRL-format data for consolidated earnings digests as an image of the first page of the consolidated earnings digests form.  Compare financial indicators of several different companies and track financial indicators of one company over a period of time.  Display this data in HTML format and process it using spreadsheet software

11 You can Display XBRL-format data You can also browse PDF data By clicking here, you can browse XBRL data based on the format (group earnings for 3 business years)

12 You can Compare financial indicators You can compare financial indicators of several different companies and track financial indicators of one company over a period of time Highlight the relevant XBRL definition (taxonomy) and XBRL data (instance) - Please consult the users guide for details

13 You can convert file-format HTML format Spreadsheet

14 TSE- Earnings Digest Taxonomy (trial version) Primary Terms Presentation Linkbase Role Type Schema Other Elements Schema tse-ed-ci-us xsd C&I US-GAAP tse-ed-us-bk xsd Banking US-GAAP tse-ed-se-us xsd Securities US-GAAP tse-ed-us-bk xsd Insurance US-GAAP tse-ed-ci xsd C&I JP-GAAP tse-ed-bk xsd Banking JP-GAAP tse-ed-se xsd Securities JP-GAAP tse-ed-bk xsd Insurance JP-GAAP Presentation Linkbase

15 Social advantages TSE gains by taking the initiative in introducing XBRL  From a viewpoint of standards, TSE has incomparable power in that we can require listed companies to perform disclosure using a uniform format.  TSE is a self-regulatory organization, and therefore TSE can rapidly and flexibly react to necessities and take measures other than reform of laws.  It is TSE’s role to establish a function that connects listed companies producing their financial information to users such as mass media companies and the like, and TSE is in a position that we can accommodate demands from both parties.

16 Future image centering on the TSE XBRL technologies will be consecutively utilized to receive and deliver timely disclosure information. XBRL technologies will be consecutively utilized to provide timely disclosure information. In particular, the taxonomy for statutory disclosure operated by the Financial Services Agency (FSA) and the taxonomy for timely disclosure will be made consistent. Input by XBRL Listed companies Tokyo Stock Exchange Web Service Media institutions, etc. Output by XBRL Investors

17 Muchas gracias ! Additional information available at: