Corporate Analysis Subcommittee:

Corporate Analysis Subcommittee has the following five main activities, namely:

• Company Presentations,
• Factory Visits,
• Industry Analysis Workshops,
• Technology Research Workshops,
• Special Company Presentations for Individual Investors, and
• SAAJ-IR Club.

Company Presentations:

The Subcommittee holds Company Presentations for IR purposes both in Tokyo and Osaka in which the CEOs and top executives of listed companies discuss their recent financial results and future outlook. The main audiences of the presentations are securities analysts who are individual/corporate members of SAAJ. For the purpose of investor educations for ordinary people (non-members), SAAJ holds special company presentations for about 120 times a year. During April 2008 - March 2009, there were 1,055 company presentations in total on the average attendance of 50 members.

Factory Visits:

The Subcommittee conducts visits to the factories of various industry categories for the SAAJ's member analysts about four times a year. The participants will enjoy the operations of the factories followed by the Q&A sessions with the top management of the company.

Industry Analysis Workshops:

The Subcommittee holds several special workshops a year for the purpose of deepening the understanding of particular industry of member analysts. In those lectures famous analysts, researchers, scholars, and so on speak about current situation and future outlook of various industries.

Technology Research Workshops:

The Subcommittee holds several special workshops. Well known analysts, technologists, scholars, and so on speak about current situation and future outlook of new technology and products.

Special Company Presentations for Individual Investors

As one of measures to promote the participation of individuals in the capital markets, SAAJ started the Special Company Presentations for Individual Investors in trial basis in 2006 in Tokyo. Since the special presentations in trial basis were successful, SAAJ started to hold these presentations in regular basis in Tokyo in 2008. The same presentations were also commenced in regular basis in Osaka in 2009.

SAAJ-IR Club:

SAAJ started "IR Club" from April 2005. IR Club members are able to access the summaries of company presentations and attend seminars organized by SAAJ at the member rate. The IR Club is open to the public who are not individual members or employees of the corporate members of SAAJ.