Yoshihisa　Onishi President & CEO

　The market functions have been recovering steadily after the Bank of Japan lifted its 5 year long Quantitative Relaxation Policy in March 2006 and re-employed the policy to use uncollateralized call loan rate as its target to control interest rate in July 2006 with the view of steady domestic economic growth. Especially in the Call Market which had not been active for a long time, market activity has become full of life. And the Tokyo market has been started to show big changes such as Paperless (Dematerialization), Straight Through Processing and shortening of settlement cycle keeping pace with globalization of the World Financial Markets.

　We, Central Tanshi Co., Ltd. born with the merger of 3 tanshi companies, Nagoya Tanshi, Nihon Tanshi and Yamane Tanshi, has been making most use of its strengths in financial and human resources to establish and stabilize its status as a leader in the industry by responding our customer needs in timely and accurate manners since the merger in April 2001. And we have been contributing to markets’ expansions and developments of Call, Discount Bills, Bond Repo, Short-term Government Bond, Negotiable CDs and Short-term Debentures by actively participating in each of these markets.

　We have established our Corporate Governance system in accordance with Corporate Law and have been working for strengthening Compliance system, upgrading Risk Control system and setting up of Back Up Site based on our Business Continuity Plan to maintain sound management conditions.

　Central Tanshi, as a group, is expanding its activities through various subsidiaries in the area of securities business, foreign exchange and money market transactions, interest rate derivatives and foreign exchange margin trading, and in overseas, we have also been expanding money broking business in Asian countries.

　We thank all of our shareholders and customer for enabling Central Tanshi to celebrate 100th Anniversary in July 2009. As we dedicate ourselves to continue to respond trusts and expectations of customer as a leading money broker group, please continue to honor us with your goodwill.