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Rapid Development of securities market brought by XBRL

Rapid Development of securities market brought by XBRL. 12th XBRL INTERNATIONAL CONFERENCE in TOKYO , JAPAN 7 November 2005. Taizo Nishimuro Chairman of the board TOKYO STOCK EXCHANGE, INC. Domestic Market Capitalization (Sep,2005) (USD billions). Number of listed companies (Sep,2005).

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Rapid Development of securities market brought by XBRL

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  1. Rapid Development of securities market brought by XBRL 12th XBRL INTERNATIONAL CONFERENCE in TOKYO , JAPAN 7 November 2005 Taizo Nishimuro Chairman of the board TOKYO STOCK EXCHANGE, INC.

  2. Domestic Market Capitalization (Sep,2005) (USD billions) Number of listed companies (Sep,2005) New York NASDAQ JAPAN Tokyo LONDON NASDAQ JAPAN Tokyo LONDON New York Euronext KOREA JAPAN Osaka Euronext Deutsche Hong Kong Hong Kong JAPAN Osaka KOREA Shanghai Shanghai Deutsche Singapore Singapore Shenzhen Shenzhen

  3. Total Value of Share Trading (2005) (in millions of USD) Total Value of Share Trading (2005) (in millions of JPN YEN) Tokyo Stock Exchange NYSE NASDAQ LONDON JAPAN Tokyo EURONEXT Deutsche Börse Korea(KRE) Hong Kong Shanghai Shenzhen JAPAN Osaka Singapore

  4. The state of personal financial asset holdings (2004) Investment trends by investor category (1993-2005) Foreign Investors 23.7% JAPAN 123,919 billion 21.9% U.S.A. 20.3% 324,368 billion 17.2% U.K. 56,295 billion German 7.6% 49,550 billion France 35,368 billion

  5. Stock Price Index (TOPIX and S&P500) S&P500 =TOkyo Stock Price IndeX

  6. Present situation of electronic disclosure Reading rooms at Local Finance Bureaus, etc Legal disclosure (FSA) EDINET Internet Immediate FSA’s Web site Electronic Disclosure for Investors' NETwork investors Internet , TV , Information terminals, etc. Listed companies Media institutions, etc. Timelydisclosure (TSE) Internet Immediate Web Real-time service TDnet 31 DAYS , Free Timely Disclosure network Internet Immediate Database Service 5 YEARS , Fee Charge

  7. What is the TDnet (Timely Disclosure network)? • TDnet (which is a timely disclosure network system) • 【Operations began in April 1998】 • 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 (http://www.tse.or.jp/) or by using the database service. All Listed companies in Japan (Tokyo ,Osaka ,Nagoya ,Fukuoka, Sapporo ,JASDAQ ,Green-Sheet) Register Issue certificates TDnet Web Real-time service Database Service Media institutions,etc. Investors Contractors

  8. Usage of XBRL in TD-net • XBRL is used for inputting numerical data such as Earning Digests, Corrections, etc. • If data are input into special disclosure software provided by TSE, both XBRL format and PDF format (disclosure material) data will be produced at the same time. • Numerical data are accumulated as XBRL format in database. Reference format of Earning Digest XBRL CSV Automatically Conversion HTML Taxonomy PDF

  9. 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. Timely Disclosure ( by XBRL ) Tokyo Stock Exchange Web Service Listed companies Investors Output by XBRL Input by XBRL Media institutions, etc.

  10. TSE’s enlightenment activities on XBRL １．Trial opening of XBRL data (within this fiscal year) TSE plans to open the XBRL data as a trial, hopefully by the end of this fiscal year. Issues incorporated into data: issues used in the TOPIX core 30 Information incorporated into data: preliminary report of business results concerning final settlement of accounts (on a consolidated basis) Expected time of opening: Within fiscal 2005 ２．Opening of XBRL enlightenment website A website for providing information on XBRL was set up in November. http://www.tse.or.jp/listing/xbrl/

  11. TOKYO STOCK EXCHANGE, INC. http://www.tse.or.jp

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