Corporate Information(As of June 30, 2003)

The Japan Securities Depository Center, Inc. (JASDEC), is the only central securities
depository in Japan, designated under the Law Concerning Central Securities
Depository and Book-Entry Transfer of Stock Certificates and Other Securities (CSDLaw). JASDEC provides depository and book-entry transfer services for marketablesecurities, in accordance with the CSD Law.
In June 2002, JASDEC assumed all businesses previously undertaken by theJapan Securities Depository Center—its predecessor organization, which was established in December 1984 under the CSD law as a not-for-profit foundation—andbegan operations as a stock company.
JASDEC aims to contribute to the formation of a Japanese financial market thatis highly competitive on an international basis. Toward this end, the Company will
utilize its status as a stock company to make its operations more transparent andstrengthen its financial position, while working to improve the safety, efficiency andconvenience of securities settlement systems.

COMPANY NAME:

Japan Securities Depository Center, Inc.

DATE OF INCORPORATION:

January 4, 2002

DATE OPERATIONS BEGAN:

June 17, 2002

CAPITAL:¥4.25 billion

COMMON STOCK ISSUED:

8,500 shares

NUMBER OF SHAREHOLDERS:

198

NUMBER OF EMPLOYEES:95

ADDITIONAL PERSONNEL:

217 (working for entrustees)
101 (working on outsourced systems development and operations)

REGISTERED HEAD OFFICE

1-1, Nihombashi-Kayaba-cho 2-chome
Chuo-ku, Tokyo 103-0025, Japan
Phone:+81-3-3661-0161

Facsimile: +81-3-3661-2810
Website:http://www.jasdec.com

OPERATIONS OFFICES

Commenced
business

Expansion

Osaka Office:6-10, Kitahama 1-chome, Chuo-ku, Osaka 541-0041

December 6, 1984

October 9, 1991

November 26, 2001

Nagoya Office:3-17, Sakae 3-chome, Naka-ku, Nagoya 460-0008

The Japan Securities Depository Center established as anot-for-profit foundation inline with the November 1984
enforcement of the CSD Law.

Commenced business asJapan’s only central securities
depository for stock
certificates.

Began handling convertible
bonds.

Fukuoka Office:14-2, Tenjin 2-chome, Chuo-ku, Fukuoka 810-0001

Sapporo Office:14-1, Minamiichijo-Nishi 5-chome, Chuo-ku, Sapporo 060-0061

EstablishedContents

At a Glance
1
Financial Highlights
2
President’s Message
3
Spurring Greater Confidence in the Japanese Market
7Business Overview
14
Financial Statements
17
Report of Independent Auditors
27
Board Members and Auditors
28
List of Participants
30
History
Cover:
32
The character on the cover—pronounced “sou”—means
Corporate Information
creation. To JASDEC, this character is not merely a part33
of language but a true symbol of the creativity that
infuses the Company, in the activities it undertakes
Organization Structure
today and those that it plans for tomorrow.
33

Tokyo Office:6th Floor, Daini-Shoken Kaikan Bldg.
1-1, Nihombashi-Kayaba-cho 2-chome, Chuo-ku, Tokyo 103-0025

March 31, 2003
Began handling commercial
paper in dematerialized form,in accordance with the Law
Concerning Book-Entry
Transfer of Corporate andOther Debt Securities.

Organization Structure(As of June 30, 2003)● M EETING OF S HAREHOLDERS● A UDITORS O FFICE● B OARD OF D IRECTORS● P RESIDENT & CEO● A UDITORS● General Administration Department● General Affairs Section● Accounting Section● Corporate Planning Department● Business Administration Department● Commercial Paper Department● Business Planning Department● First System Department● Second System Department● Tokyo Operations Office● Osaka Operations Office● Nagoya Operations Office● Fukuoka Operations Office● Sapporo Operations Office33

JASDEC, Japan’s central
securities depository,opened a new chapter
in its business history
in the fiscal year ended
March 31, 2003, bytaking its place as astock corporation.

Annual Report 2003
Printed in Japan on recycled paper
Uses soybean ink inconsideration of the environment

For the year ended
March 31, 2003