CO., LTD.
3-11, Nihonbashi-kabutocho, Chuo-ku, Tokyo 〒103-0026
Tel 03-3666-0011

Annual Report 2020
Corporate Profile 2021

To Our Valued Clients
20 years have passed since I was appointed as a CEO of Mita Securities in 2001.
Meanwhile our industry has changed drastically, and many securities firms have been eradicated and the industry experienced a reorganization at apace much faster than I had imagined. However, as an independent boutique securities firm, we have been able to survive by employing a distinct
strategy from our competitors. The securities business is said to be highly susceptible to the ups and downs of the market environment, but we havebeen making profit for 18 consecutive fiscal years. Our unique products and services have made it possible to diversify our revenue sources and tostabilize our business. However, the world is changing faster and faster, and running a securities firm is becoming increasingly difficult by the day.
I constantly remind myself not to lose our ability to adapt to this rapid change, or else our current stability can easily collapse.
In the fiscal year ending March 2021, the explosive outbreak of Covid-19 caused many cities to go into lockdown, and the global economy
temporarily faced the largest depression post World War Ⅱ. However, the global economy has been recovering at a very fast pace due tounprecedented fiscal stimulus and monetary easing by major developed countries. On the other hand, a money glut has been generated and an asset
inflation is occurring around the globe as a side effect of these measures. Such money has
inundated into the stock market and the Nikkei 225 Average has topped 30,000 yen for the firsttime in 30 years despite factors causing instability in the external environment such as theconfrontation between the U.S. and China as well as the U.S. presidential election.
Although we were able to achieve a good result this fiscal year driven by the buoyant market, wehave reassured ourselves that we should not be complacent, rather, we need to manage ourbusiness with more caution than ever before.
Fiscal discipline is now in serious disarray. The quality of asset inflation is showing signs ofworsening, and Government-made bubbles are arising. We feel that this is a dangerous market
situation that could cause more serious turmoil than the Lehman shock. With the rapid rollout ofvaccines, we can see a ray of hope for normalization. But once we overcome the pandemic thathas been hanging over us for a long time, we will face the fight against excess liquidity, which isa side effect created by our own intervention. As such, we may face the threatening effects of thenovel coronavirus again in a different manner.
I had a 20-year anniversary as a CEO this fiscal year. And I am now 50 years old, reaching theturning point of my life. I start walking the last half of my life.
We are now living in a very difficult era for our industry, but I am determined to go back to thebasics and do my best to make our company even more beneficial to our valued clients.

MITA SECURITIES Co., Ltd.
CEOKunihiro Mita

In order to strengthen our relationship with our clients and business partners, we are committed to thorough disclosure.
The Annual Report/Corporate Profile is published each fiscal year for the purpose of informing you of our business performance, financial
condition and business activities.

01

Summary of Financial Results for FY2020 (Income Statement)
Commissions

Financial Revenue

Total amount of commissions was 504 million yen (161.3% YoY).
The breakdown is as follows.

Financial revenue was 709 million yen (115.4% YoY).
Interest income from collateral loans to healthcare-relatedcompanies increased by more than compensating for decline ofinterest income from margin trading, stock collateralized loan,
and factoring.

Underwriting Commissions
Underwriting commissions were 17 million yen (74.7% YoY),
due to the underwriting of public offerings and our own products.
Offering Commissions
We introduced two new funds that invest in venture companies in
the U.S. and Israel as well as two new hedge funds. We succeeded
in distributing over 3.7 billion yen to the funds. As a result, offeringcommissions amounted to 140 million yen (144.8% YoY).
Other Fees and Commissions
Other fees and commissions were 72 million yen (93.5% YoY).

Trading Profit
Total trading profits amounted to 3,737 million yen (145.7% YoY).

Debt Trading Profits
Debt securities trading profits were 324 million yen (95.1% YoY).
The price of long-term debts in the U.S. continued to decline interest rates continued to rise, and it was very difficult market
for debt securities trading.
Other Trading Profits
Other trading profits were 21 million yen (60.1% of the previousyear).

02

Amounts

Accounts
FY2020FY2019Operating Revenue

5,330

3,706

Commissions

504

312

Brokerage

274

114

Other Operating Revenue

Underwriting/Distribution/Solicitations for sales to specified investors

17

22

Other operating revenue was 379 million yen (176.0% YoY).
We were appointed as a financial advisor and a TOB agent of 13
deals. We significantly broke our annual record for the TOB deal
number. We also set up a real estate fund.

Offering/ Distribution/ Solicitations for sales to specified investors

140

97

Others72

77

Financial Expenses
The total funding cost increased as we executed large loans tohealthcare-related companies.
Four new banks started funding to us this fiscal year. We
diversify the funding sources for stable fund raises.
As a result of the above, net operating income reached 5,147
million yen (144.3% YoY). It surpassed 5 billion yen for the
first time in our history.

The breakdown is as follows.
Equity Trading Profits
Equity securities trading profit was 3,390 million yen (155.0% YoY).
The volatility of the stock market in Japan became quite high, andthere were great opportunities for trading. The dealing division
made record profits for three consecutive years.
Gains on warrants were 2 million yen.

（Unit: Millions of Yen）

Selling, General and Administrative Expenses
Total selling, general and administrative expenses were 4,049
million yen (138.6% YoY).
Personnel expenses jumped due to a significant increase incompensation for dealers whose salaries were paid upon theirperformances. Office expenses also increased due to an increasein payments to subcontractors. On the other hand, travel andtransportation expenses and entertainment expenses decreased asbusiness trips and entertainments were drastically reduced due tothe pandemic.
As a result of the above, operating income for the current fiscal
year was 1,097 million yen (169.9% YoY), ordinary income
was 1,165 million yen (173.5% YoY), income before income
taxes was 1,160 million yen (174.0% YoY), and net income was
781 million yen (164.6% YoY).

3,737

2,563

Financial revenue

709

614

Other operating revenue

379

215

Financial Expenses

183

140

Net Operating Income

5,147

3,566

Selling, General and Administrative Expenses

4,049

2,919

Trading profit

348

368

3,068

2,069

Real estate related expenses

7968

Office expenses

292

223

Depreciation expenses

34

35

Tax and dues

212

142

Provision of allowance for doubtful accounts

5―

Others8

10

Business related expenses
Personnel expenses

Operating Profit
Non-operating Income and Loss
Ordinary Profit
Extraordinary Loss
Provision of financial products transaction liabilities reserve

646

67

25

1,165

671

4

4

4

4
1,160

Income Before Income Taxes
Income taxes

465

Income taxes adjustment△86

Net Income

1,097

Annual Report

Annual Report

Brokerage Commission
Brokerage commissions increased significantly to 274 million yen(238.5% YoY) as the Japanese and U.S. stock markets continued
their upward trend. Brokerage commission income increased
mainly in U.S. equities. Trading volume also increased due to thelaunch of the DMA (Direct Market Access) business.

Income Statement

667
136

379
781

55

192
474

03

Current Assets

Fixed Liabilities

Total current assets were 27,734 million yen (120.2% YoY).
Due to an increase in the proprietary trading position, trading
products amounted to 2,303 million yen (142.0% YoY).
Short-term loans receivables increased significantly to 13,556
million yen (197.0% YoY) due to large loans to healthcare relatedcompanies. (We accept medical receivables as a collateral for
those loans.)
As a result of a decrease in purchase of medical receivables,
accounts receivable decreased to 316 million yen (41.0% YoY).

Total fixed liabilities were 630 million yen (117.8% YoY).
Subordinated bonds of 500 million yen were reclassified tocurrent liabilities. On the other hand, we issued 400 million yen in
new bonds to banks.

Fixed Assets

Net Assets

Total fixed assets were 2,079 million yen (98.8% YoY).
Long-term loans receivables decreased by 61 million yen as aresult of partial repayment of loans to our shareholder.
Deferred tax assets increased to 198 million yen (177.8% YoY)
due to an increase in taxable accumulated profits resulting fromhigher taxable income.

Total net assets were 7,717 million yen (109.1% YoY).
Retained earnings increased by 644 million yen due to the strong
performance.
Treasury stock became zero due to the cancellation of all treasury
stock.

Current Liabilities

Balance Sheets (For the year ended on March 31, 2021)

As a result of the above, total liabilities were 22,096 million
yen (122.1% YoY).

As a result, total assets/total liabilities and net assets amounted
to 29,813 million yen (109.1% YoY).

Total current liabilities were 21,437 million yen (120.2% YoY).
Short-term debts increased significantly to 11,070 million yen(155.4% YoY) due to the back finance for large loans tohealthcare-related companies.
Provision for bonuses increased by 130 million yen due to strong
business performances.
Bonds to be redeemed within 1 year was 1,000 million yen (zeroat the end of the previous fiscal year), consisting of 500 million
yen each of straight bonds and subordinated bonds.

（Unit: Millions of Yen）

Assets
Accounts
Current Assets(unit:millions of yen)

1,600

6,000

Change in net assets

4,500

3,000

FY201921,437

17,537

Cash and deposits

1,670

2,828

Trading products

133

442

Segregated cash and deposits

3,260

3,690

Trade date accrual―

481

Trading products

2,303

1,622

Liabilities for margin transactions

2,836

3,242

Trade date accrual

553―

Deposits received

2,377

3,022

Assets for margin transactions

2,937

4,821

Guarantee deposits received

2,379

1,600

Short-term guarantee deposits

2,992

2,293

Short-term debts

11,070

7,120

Short-term loans receivables

13,556

6,878

Bonds to be redeemed within 1 year

1,000

―

Accounts receivable-monetary claims

316

770

Accounts payable-other

703

1,319

Other current assets

162

173

Income taxes payable

484

16

△ 19

△ 14

Provision for bonuses

350

220

Other current liabilities

102

71

630

535

2,079

2,104

160

176

Subordinated bond

400

500

23

25

Long-term debts

179―

Investments and other assets

1,896

1,903

Other noncurrent liabilities

51

35

Investment securities

294

273

70

50

Reserves Under the Special Laws

27

23

872

927

27

23

Long-term loans receivables

414

476

22,09618,095

Deferred tax assets

198

111

Other investments

45

158

7,717

7,072

Allowance for doubtful accounts

△0

△ 94

500

500

Retained earnings

7,217

6,818

Treasury stock

―

△245

Total Net Assets

7,717

7,072

Total Liabilities and Net Assets

29,813

7,072(unit:millions of yen)Fixed Liabilities

8,000

7,000
6,500

800

FY2020Accounts
Current Liabilities

7,500
1,200

FY201923,064

Fixed Assets

Change in Operating Results

FY202027,734

Allowance for doubtful accounts

Financial Highlights

Liabilities

Annual Report

Annual Report

Summary of Financial Results for FY2020 (Balance Sheets)

6,000
5,500

400

1,500

5,000
1,000

0

2016

2017

Net Operating Income

2018

2019

0

2020

2016

Net Income

Ordinary Profit

Change in Assets Under Custody(unit:millions of yen)

2017

2018

2019

Change in Capital Adequacy Ratio

2020(Unit: %)500

260,000

400

195,000300
130,000
200
65,000100
02016

Stocks

04

2017

Bonds

2018

2019

Beneficiary Certificates

2020

Others

0
2016

2017

2018

2019

2020

Total Assets

29,81325,168

Total Liabilities
Net Assets
Shareholders' Equity
Capital stock05

Mission / Our Values / Business Principles

Company Executives (from June 2021)

MissionKunihiro Mita / President & CEO

Annual Report

1994 Graduated from the Faculty of Law at Sophia University
1994 Joined Nikko Securities (current SMBC Nikko Securities)
1998 Joined Mita Securities
2001 President & CEO of the Company

Tatehito Kadokura / Board Director

Tsukasa Nakamoto / Board Director

1991 Graduated from the Faculty of Economics at Chuo University
1991 Joined Nikko Securities (currently SMBC Nikko Securities)
2002 Joined Japan Global Securities (currently Naito Securities)
2004 Joined Mita Securities
2009 Board Director of the Company

1998 Graduated from the Faculty of Computer Science at University of California
1998 Joined Atsugi Information System
2002 Joined United World Securities
2004 Joined Societe General Securities
2005 Joined Mita Securities
2017 Board Director of the Company

Tadashi Chaki / Board Director

Shigenari Ishibashi/ Board Director

1992 Graduated from the Faculty of Commerce at Waseda University
1992 Joined Nomura Securities
2008 Joined Mita Securities
2018 Board Director of the Company

1992 Joined Aoyama Audit Corporation
1993 Graduated from the Faculty of Political Science and Economics at Meiji University
1997 Registered as a Certified Public Accountant
1998 Joined Credit Lyonnais Bank
(currently Crédit Agricole Securities)
2000 Joined Canadian Imperial Bank of Commerce (CIBC)
2003 Transferred to CIBC World Markets (Japan)
2017 Joined Mita Securities
2019 Board Director of the Company

Tatsuya Otsuki / Board Director

Takehiro Mishiri / Board Director

1991 Graduated from the Faculty of Commerce at Doshisha University
1991 Joined Fuji Bank (currently Mizuho Bank)
2000 Joined HSBC
2005 Joined Deutsche Bank
2006 Joined Capital Partners Securities
2016 Joined Mita Securities
2020 Board Director of the Company

2002 Graduated from Faculty of Law, the University of Tokyo
2008 Admitted as a Attorney-at-Law in Japan
Joined Sidley Austin Nishikawa Foreign Law Joint Enterprise2009 Joined Kawashima Law Office2011 Served as Securities and Exchange Inspector,
the Kanto Local Finance Bureau of the Ministry of Finance2014 Readmitted as a Attorney-at-Law in Japan
Joined Nomura Securities Co., Ltd.
2017 Joined Morgan, Lewis & Bockius Law Offices
2019 Joined Mita Securities Co., Ltd.
2021 Board Director of the Company

Yoshinobu Fujimoto / Corporate Auditor

Yukihiro Shimizu / Corporate Auditor

1989 Graduated from the Faculty of Law at Waseda University
1991 Registered with the Second Tokyo Bar Association
1991 Joined Asahi Koma Law Office (currently Nishimura & Asahi LPC)
1995 Graduated from University of Chicago Law School (LL.M.)
1996 Registered with the NY state Bar Association
2008 Company auditor of Mita Securities(Currently he is Partner of Nishimura & Asahi LPC.)

1995 Graduated from the Faculty of Engineering at Hokkaido University
1995 Joined Hokkaido Takushoku Bank
1998 Joined IBJ Securities (currently Mizuho Securities)
2000 Joined Nikko Solomon Smith Barney (currently City Group Securities)
2005 Joined Livedoor
2006 Vice President of Livedoor
Chairman of Kazaka Securities (currently Naito Securities)
President of Kazaka Financial Group
Executive Director of Cecile
Executive Director of Media Exchange
2008 Joined Mita Securities as Executive Director
2013 Company auditor of the Company

Yoshiki Iida / Managing Director

Keisuke Tomoyori / Managing Director

2003 Graduated from the Faculty of Business at Toyo University
2003 Joined Okasan Securities
2006 Joined Japan M&A Management
2007 Joined Mita Securities

2002 Graduated from the Faculty of Economics at Musashi University
2006 Joined Nikko Cordial Securities
2009 Joined Mita Securities

Masahiro Fuse / Managing Director

Yuji Isoda / Managing Director

1990 Graduated from the Faculty of Political Science and Economics at Waseda University
1990 Joined Sumitomo 3M Limited
1995 Joined Daiichi Real Estate Appraisal Co.,Ltd
2000 Joined Ikoma CB Richard Ellis
2005 Joined Secured Capital Japan(currently PAG Investment Management)
2007 Joined ING Real Estate Investment Management(currently CBRE Global Investors)
2010 Joined RPA
2011 Joined Hospitality Partners Group
2016 Joined CBRE2018 Joined Colliers International Japan
2019 Joined Mita Securities

1990 Graduated from the Faculty of Education at Nagasaki University
1990 Joined Yamaichi Securities
2000 Joined Merrill Lynch Japan Securities(currently BofA Securities Japan)
2002 Joined Maeda Securities(currently FFG Securities)
2010 Joined Iizuka nakagawa securities(currently Nakagawa Securities Advisors)
2013 Joined Capital Partners Securities
2016 Joined Mita Securities

Our Values
Uniqueness

Professionalism

We aim to develop
and provide products
and services that leverage
our uniqueness.

Collaboration

We believe that a high level ofprofessionalism isthe source of high added value,
and we strive to hire
and train professionals.

We eliminate vertical divisions
within the organizationand provide a collective strengthof our group to our clients

Our Values
International

Integrity
We pursue fair business practices
with integrity to our customers.

Flexibility

We have an international perspective
and seek opportunities
to create added value
in the entire globe.

We do not ask"Why can't we do it?"but "How can we do it?

Business Principles
Integrity

Client First

Win-WinWe always work with integrity and honesty.

We listen to our clients’ voice carefully
and consider things from their perspective.

We aim to make deals in which our customers
and our company have a win-win relationship.

Compliance

Value Added

Teamwork

We consider compliance to be
our utmost importance and responsibility.

We strive to provide high added value
to our clients.

We contribute to our clientswith the teamwork of our diversified staff.

Adaptability,Creativity

Commitment

Think Global

We adapt ourselves to the change of time,
and work with creativity.

We complete our job with a thorough responsibility
once we commit the business.

We have a global perspective and seek out
the best opportunities from all around the globe.

Corporate Profile06

To pursue the infinite possibilities of the securities industry
and keep on creating new additional value.

07

Major Achievements - Since April 2020

█

█

█
█

█

█

█

█

█

Features of Mita Securities

Retained as a buy-side advisor in the tender offer by Arisawa Manufacturing Co.,Ltd. to make its Taiwan-listed
subsidiary a wholly-owned subsidiary.

Positive net profit for 18 consecutive years

Appointed as a TOB agent (MBO) by NFS Co., Ltd. in its tender offer for shares of Nihon Form Service Co (7689).

We have been continuing to achieve a positive net profit for 18 consecutive years through the FY2020. The Lehman shock, the European debt
crisis, the Great East Japan Earthquake, and the pandemic of Covid-19 and other major crises continuously occurred. It wasdifficult for securities firm to keep profits in black for this long period. We diversified our business, such as Private Banking, Investment
Banking, Proprietary trading, Real Estate Business, Money Lending Business and so on. And we have a wide range of services and products.
Diversification and the adaptability to new environments are the clues to our strength.

Appointed as a TOB agent by Sino Biopharmaceutical Limited (China) in its tender offer for the shares of unlistedcompany, LTT Biopharma Co., Ltd.

Fiduciary Duty

Appointed as a TOB agent by Sunshine H Investment Partnership in its tender offer for shares of Keihanshin Building
Co., Ltd. (8818).

Appointed as a TOB agent by Freesia Macros Co., Ltd. (6343) in its tender offer for shares of Nippo Sangyo Co., Ltd.
(6343) .
Appointed as a TOB agent by City Index Eleventh in its first and second tender offers for the shares of Japan Asia
Group Co., Ltd.(3751).
Appointed as a TOB agent by 101 Investment Limited Liability Partnership and five others (Starwood Capital Group,Inc.) in its tender offer for the shares of Invesco Office J-REIT Investment Corporation (3298).
Appointed as a TOB agent by Kufu Company Co., Ltd. (4399) in its tender offer for the shares of Hias & Company Co.,
Ltd. (6192).
Appointed as a TOB agent by Aslead Strategic Value Fund and one other in its tender offer for the shares of Fuji Kosan
Co., Ltd.(5009).

We have been addressing and emphasizing the importance of the "Fiduciary Duty" since FY2003 and sharing the idea with all the staff. We
believe in it as an ultimate responsibility to be professional and integrity to our clients. This sense of responsibility is reflected in a number ofindicators. While high turnover for obtaining lots of commissions is often criticized, our commission turnover ratio* is 0.31% per year (FY2020
results), which is well below the average in our industry.
* Commission turnover ratio” = (commissions + gains on bond trading)/clients’ assets under custody

Lineup of our highly unique products and services
We differentiate ourselves from our competitors by creating and developing highly unique products and services. The era of pushy sales
strategy, in which securities firms forced their products to clients even though they were unwilling to purchase them, is over. We believe it isimportant to provide products and services that are truly desired for and supported by investors.
As for the development of our products and services, we try to be flexible and quick as well as to comply with all applicable laws andregulations thoroughly.

█

Underwrote the initial public offering of Locoguide Co., Ltd. (4497).

Venture Spirit█

Allocated a share option of Ivy Cosmetics Co., Ltd. (4918) through a third-party allotment.

█

Set up a fund to invest in venture companies in Silicon Valley, U.S. and handled its private placement.

We value a free and open-minded culture as well as a spirit of challenge. It is essential for us to integrate the ingenuity, creativity andoriginality. Despite the company's long history of more than 70 years, we never forget the venture spirit.

█

Set up a fund to invest in venture companies in Israel and handled its private placement.

Professionalism█

Launched two new hedge funds and handled their private placements.

█

Arranged a CLO (Collateralized Loan Obligation) and handled its private placement.

We employ a number of in-house specialists to ensure the highly professional work. We also actively collaborate with outside experts. Byleveraging the expertise of internal and external experts, we provide the best differentiated services to our clients.

█

Set up a real estate fund which invests in the retail property.

As of March 2021, the Group has the following specialists
1 lawyer, 3 CPAs, 1 US CPA, 2 Singapore CPAs and 1 tax accountant.�

Organization Chart
Wealth Management Division

Compliance Committee

Equity Division

Trading & Execution Dept.

Fixed Income Division

Electronic Trading Dept.

Equity Dealing Division
Board of Directors

President & CEO

Investment Banking Division

Real Estate DivisionCorporate Auditor

Audit Dept.

Corporate Profile

Corporate Profile

Information Technology Committee

IFA Business Dept.
Operations Dept.
Control Division

Compliance Dept.
Underwriting Examination Dept.

Finance Division
Information Technology Division

Human Resources & Administration Dept.
Financial Reporting Dept.
Research Dept.

0809

Investment Bank

Wealth Management Services
We provide comprehensive solutions to our high net worth clients with a variety of products and unique services.

Asset Management
We offer a wide range of products from traditional ones toalternative ones.
Products
Listed stocks, Options, Futures, U.S. stocks, Bonds,
Mutual funds, Hedge funds, PE funds, Real estate funds,
Original funds, Structured bonds etc.

Advisory for Inheritance Tax and Business Succession Planning
You need sufficient and comprehensive plans to pass on your valuableassets and business to your descendants. We specialize in advisory forinheritance tax and business succession planning and have a wide
range of experiences in advising clients.

Real Estate
We help our clients manage their real estate assets. We offer a wide
range of services, such as brokerage, asset management and overseas
real estate investment etc. We have a number of professionals withextensive experiences in the real estate industry.

Overseas Investment
We can help you invest in overseas assets, such as U.S. stocks,
foreign bonds, hedge funds and overseas real estate etc. Ourcurrency exchange commissions are comparatively cheap.

Support for Overseas Expansion and Emigration
We have a subsidiary in Singapore (Mita Securities Global Consulting
and EJC) to support smooth and optimal overseas expansion and/or
emigration.

Non-resident Accounts and Standing Proxy Services
We welcome non-residents clients to open an account with us. We canact as your standing proxy which is necessary for non-residents wheninvesting in Japanese stocks.

Loans
We provide many types of loans, such as stock collateralized loan,
mutual fund collateralized loan. Our subsidiary, Mita Global Finance,
can offer mortgage loan.

Life Insurance
We provide life insurance policy. Qualified sales professionals support
you. We also offer advice on reviewing your life insurance policy.

Fund of Funds

Real Estate Funds

Mita Capital Pte. Ltd., our Singapore subsidiary sets up andmanages a fund of funds. It selects hedge funds with excellent
performances and reputations from all around the world, andinvests in a diversified range of hedge funds with different
investment strategies, investment targets, investment regions, andsources of risk.

We have set up many kinds of real estate funds. Not only the funds toget both of income and capital gains but also the funds for inheritanceplanning. We also set up the funds to renovate traditional town housein Kyoto, and the distressed fund for U.S. real estate. We are licensed
as a real estate fund management company.

PE Funds.
We have provided opportunities for our clients to invest in venture
funds that invest in attractive venture companies in the US and India.

Trade Funds.
We offer trade finance funds that aim to generate stable income.

10

Finance - Warrants and CBs

We are proud to be ranked 6th in the league table. (Since 2007,
based on number of cases). We have a substantial experience inthis business, and established a reputation for giving right advice
to various complicated situations.

We purchase warrants and CBs issued by listed companies andassist them in fundraising.

Finance - Factoring

Finance - Rights Offerings

We do factoring of medical receivables, mainly for hospitals,
nursing care homes and pharmacies, to support their funding.
Since the start of our business in 2003, we have purchased a large
number of medical receivables.

We have extensive experience in advising companies on rights
offerings.

Capital Markets
Our equity and fixed income teams provide clients with a diverse range of products and professional services in our Capital Markets practice.

Direct Market Access (DMA)

Fixed Income BusinessFor professional traders from fund managers to day traders, we
provide the online trading services. Those who has a FIX device
can connect to our DMA. We offer high-speed, low-cost trading
environment. You can also take advantage of using our five typesof algorithms to support your diversified investment strategies.

Our fixed income traders with many years of experience in the bondbusiness trade mainly government and corporate bonds of developed
countries. We also provide emerging bonds and structured notes. We
take an advantage in providing with a competitive price with over 10
investment banks and a nationwide network of brokerage firms.

Real Estate

Original Funds
We are able to create original funds for our clients. When you set
up your own original fund, you have to clear complex regulatory
requirements. We have extensive experiences in advising clients on
the structuring of original funds.
Examples of original funds
solar power fund, industry restructuring fund,modern art exhibition fund, pro-wrestling fund etc.

Real Estate Agency

Real Estate Fund Management

Our professionals have many years of experience in the real estateindustry and can help you buy and sell real estates. As a licensed
security firm, we also buy and sell real estate trust beneficiary rights.

We have extensive experience in setting up real estate funds.
We have an experience in structuring a variety of funds. We provide
a wide range of services, from providing general advice on fund
set-up to soliciting investors and managing funds.

Overseas Real Estate
We use our global network to support real estate investments in the
U.S. and Asia. There are many barriers to overseas real estate
investment, such as languages, laws, and business practices, which
would make investors uncomfortable. Our experts are pleased tosupport you with good knowledge and English.

Moneylending BusinessWe have been operating money lending business since 2002. We provide quick and flexible support for clients.

Securities-Backed Loans

Mortgage Loans

We provide loans secured by listed stocks, mutual funds, bonds andother securities. We can provide loans in two days at the shortest witha quick screening process. While you utilize your own company's
shares as a collateral, the name of the shareholder is unchanged.

Mita Global Finance, a subsidiary of Mita Securities, provides
mortgage loans for clients to invest in real estates. Non-residents ofJapan and foreign investors are accommodated.

Corporate Profile

Corporate Profile

We do a thorough research and due diligence to provide attractive funds from around the world to our clients. We differentiate ourselves toprovide highly unique products that are only available with us. Even though it is a professional fund that requires a large investment, we
reorganize it so that individual investors can invest in it even with a small amount.

We have a lineup of good hedge funds. They aim at absolute
returns even when the stock market is going down.

TOB Agent and Financial Advisory Services

We are engaged in real estate related business. We are licensed for the brokerage business as well as the fund management and distribution
business. We have a wide range of real estate business experience.

Fund

Hedge Funds.

We provide a wide range of investment banking services to clients. Our strength lies in our flexible solutions and professional advisory. In
cooperation with our subsidiary in Singapore, we provide professional support for cross-border deals.

Factoring and Loans for Hospitals
Since 2003, we have been engaged in factoring business for hospitals.
We will also purchase the future receivables.
We are proud of our top-class experience and achievements infactoring for small and medium-sized medical institutions.

11Company Overview

Subsidiaries
We have established subsidiaries in Japan and Singapore to supplement our securities business.
We will continue to leverage our strengths in cross-border transactions.

We are registered as a RFMC (Registered Fund Management Company) andare engaged in fund management businesses.
Representative: Yui Haraguchi
Business Scope
Fund Management

The accounting firm was established in 2004 in Singapore and was acquired byMita Securities in 2017.
The firm provides tax and accounting services in Singapore. Takeshi Narita, aJapanese tax accountant, is also a member of our affiliate company (EJA) andprovides services for Japanese clients in Japanese language.
Representative: Eric Tong

Commencement of Operation:
Capital:Major Shareholder:
President & CEO:
Overseas Subsidiary:
Subsidiary in Japan:
Office addresses:

Business Scope
Incorporation, tax returns, accounting, secretarial services, dispatch of directors,
advisory services, due diligence, etc.

MGF was set up in 2020 for mortgage loans. We provide loans for investment
properties. We also cater to non-residents of Japan.
Representative: Satoshi Kimura
Business Scope(MGF, Tokyo Governor (1) No. 31780)

Mortgage loans

Membership in Exchanges:
Membership in Investor Protection Funds:
Accounting Auditor:(As of June, 2021）

Tokyo Head Office Map

Compliance

Heisei DoriShowa DoriInter Circular Route(Toll road)

Head of Internal Control System•Compliance Committee•IT Committee

Nihonbashi Station

Committee

Eitai Dori

Robinson Rd

Kayabacho Intersection

Board of Directors

Check for Compliance System andInternal Control System

Business Unit
Infrastructure Unit

Governance Check

12

Instructions for
Problem Solving

Reporting Problems ofInternal Control System

ComplianceDepartment

Audit

External Auditor

Osaka Branch Office Map

Audit Department
Check and Assessment of Compliance System,Risk Controls,and Internal Controls/Demands for Improvement of Problems

Check for Risk Control
and Internal Controls

Corporate Auditor

Pointing Out Problems ofInternal Control System

Subway Sakaisuji Line

Instructions for Improvement to Enhance
the Quality of Internal Control System

Audit Report

LAWSON
ローソン

Fukusuke

Telok Ayer Station

Cecil St

Securities Dealers Association

Kayabacho Station
Tokyo Tozai Hibiya Line

Singapore Branch and Subsidiary Office

Rafﬂes Place Station

Shenton Way
Marina Bay

Corporate Profile

Our GovernanceTokyo Head OfficeTanjong Pagar Station

Cross StWe are a financial instrument business operator who is an important player in this financial market, therefore we not only ensure strict
compliance with all laws and regulations, but also need to develop the sufficient internal control structure in order to protect investors and tosecure fairness of the market. Compliance is a top management priority for our company.

Toei Asakusa Line

Tokyo Stock Exchange

Singapore Branch and Subsidiary Office Map

ト
ダク
イア
・バ
ペル
ケッ

Corporate Profile

Membership in Associations:

Maxwell Rd

Cross-border M&A advisory services, due diligence, Post-Merger Integration,market research report, cross-border fundraising advisory, fund set-up support,
overseas expansion support, finding cross-broader business alliance support,
real estate advisory services, wealth management, international IR support, etc.

MITA SECURITIES Co., Ltd.
Director of Kanto Local Finance Bureau (Financial instruments firms) No.175
Moneylender / Tokyo Governor (7) No.27088
Registered Real Estate Broker / Tokyo Governor (1) No.103950
Real Estate Specified Joint Enterprises / Commissioner of the FSA・Minister of Land, Infrastructure and Transport No.76
July 1949¥500,000,000
Kunihiro Mita
Kunihiro Mita
EJ Consultancy Services Pte.Ltd. Mita Securities Global Consulting Pte. Ltd.
Mita Global Finance(Head Office)3-11, Nihonbashi-kabutocho, Chuo-ku, Tokyo 〒103-0026
Tel +81-3-3666-0011 Fax +81-3-3668-7350(Osaka Branch)
1-7-15-5F, Minami-honmachi, Chuo-ku, Osaka City, Osaka 〒541-0054
Tel +81-6-6260-5670 Fax +81-6-6260-0882(Singapore Branch) 105 Cecil Street #24-02 The Octagon Singapore 069534
Tel +65-6692-8325(Subsidiary)
Mita Securities Global Consulting Pte. Ltd.
105 Cecil Street #24-02 The Octagon Singapore 069534(Subsidiary)
EJ Consultancy Services Pte. Ltd.
105 Cecil Street #24-02 The Octagon Singapore 069534
Japan Securities Dealers Association
Tokyo Real Estate Association
Japan Financial Services Association
The Tokyo Stock Exchange・The Osaka Stock Exchange
Japan Investor Protection Funds
Moore Shisei & Co. / OAKFIELD & ASSOCIATES

Shin-Ohashi DoriBusiness Scope

Company Name:
Registration:

Tokyo Metro Hibiya Line

MSGC was founded in Singapore in August 2019. We seek to provide a businessand cultural bridge between Japan and overseas countries, especially Singapore.
Our team members, with a wide range of expertise and experience in theinternational business and a proven track record, will provide the best solutions
for our clients.
Representative: Eric Tong

Osaka Branch Office

Teijin Hall

Chuo Odori

Sakaisujihonmachi Station
Bank of Tokyo-Mitsubishi UFJ

Subway Chuo Line13