Items Disclosed on the Internet
in relation to the Notice of Convocation of
the 14th Ordinary General Meeting of Shareholders(1) Notes to Consolidated Financial Statements ……………………………1(2) Notes to Non-Consolidated Financial Statements ………………………9The above information is provided to shareholders by means of disclosure through theInternet (on the website of Nomura Real Estate Holdings, Inc. (the “Company”) at
https://www.nomura-re-hd.co.jp/english/ir/) pursuant to the provisions of laws andregulations and Article 14 of the Company’s Articles of Incorporation.

Nomura Real Estate Holdings, Inc.
Please note that the following is an unofficial English translation of Japanese original text of the Items Disclosed on the Internet inrelation to the Notice of Convocation of the 14th Ordinary General Meeting of Shareholders of Nomura Real Estate Holdings, Inc.
The Company provides this translation for reference and convenience purposes only and without any warranty as to its accuracy
or otherwise. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

Notes to Consolidated Financial Statements
1. Notes to Significant Matters for the Basis for the Preparation of Consolidated Financial Statements(1) Scope of Consolidation
1) Consolidated subsidiaries
 Number of consolidated subsidiaries:25 Names of principal consolidated subsidiaries:
The names of principal consolidated subsidiaries arelisted in “1. Current status of the Group (3) Status ofparent company and major subsidiaries 2) Major
subsidiaries” of the Business Report.
Nomura Real Estate Hotels Co., Ltd. is included in the scope of consolidation because it was newly
established in the fiscal year under review.
2) Unconsolidated subsidiaries
 Name of principal unconsolidated subsidiary:
Nomura Real Estate UK Limited Reason for the exclusion from the scope of consolidation:
Unconsolidated subsidiaries are excluded from the scopeof consolidation because they are all small companies andthe Company’s interests in their respective total assets,
operating revenue and profit and loss (the amountequivalent to equity shareholdings) as well as retained
earnings (the amount equivalent to equity shareholdings)
do not significantly affect the consolidated financial
statements of the Nomura Real Estate Group (the“Group”).
(2) Application of Equity Method
1) Unconsolidated subsidiaries accounted for using the equity method
 Number of unconsolidated subsidiaries accounted for using the equity method: 2
 Name of principal unconsolidated subsidiary:
Nomura Real Estate UK Limited
2) Affiliated companies accounted for using the equity method
 Number of affiliated companies accounted for using the equity method: 16
 Name of principal affiliated company:
Ginza Parking Center Co., Ltd.
Nomura Real Estate and Isetan Mitsukoshi Development,
LLC and Isetan Mitsukoshi and Nomura Real Estate
Commercial Operation, LLC are included in the scope of
consolidation because they were newly established in thefiscal year under review. ORIGIN SPHERE COMPANY
LIMITED, ORIGIN VERTICAL COMPANY LIMITED,ORIGIN PRIME 2 COMPANY LIMITED, ORIGIN
RAMKHAMHAENG COMPANY LIMITED,SUNSHINE FORT NORTH BONIFACIO REALTY
DEVELOPMENT CORPORATION, ORIGIN PARK T1
COMPANY LIMITED, Origin One Thonglor Co., Ltd.,
East Ocean Investment Limited and Sun Wah Properties(Vietnam) Joint Stock Company are included underaffiliated company accounted for using the equity method
because the Company newly acquired their equity interestsin the fiscal year under review.
(3) Fiscal Year, Etc. of the Consolidated Subsidiaries
Among consolidated subsidiaries, the account closing date of Toranomon Real Estate Co., Ltd. and
UNJ Properties, LLC is December 31.
Provisional financial statements for these companies as of the consolidated account closing date areused in the preparation of consolidated financial statements.
Among consolidated subsidiaries, the account closing date of Nomura Real Estate Consulting(Beijing) Co., Ltd., NOMURA REAL ESTATE ASIA PTE. LTD., NOMURA REAL ESTATE HONG
1

KONG LIMITED, NREAM Investors America, LLC and HCMC office investment Limited is
December 31. The account closing date of Midosuji Mirai Development, LLC and Shinjuku Mirai
Development, LLC is February 28.
Financial statements for these companies as of that date are used in the preparation of consolidated
financial statements. In the case of significant transactions that took place between the account closing
date of the consolidated subsidiaries and the consolidated account closing date, necessary adjustments
are made for consolidation purposes.
(4) Accounting Standards and Methods
1) Valuation standards and methods for principal assets
A. Securities Held-to-maturity debt securities:
Held-to-maturity debt securities are stated at amortized cost(by the straight-line method).
 Available-for-sale securities:
Available-for-sale securities with market value
Available-for-sale securities with market value are stated atfair market value based on market price, etc. at the accountclosing date. (Unrealized gains and losses are reported, netof the applicable taxes, as a separate component of Net
Assets. Cost of securities sold is determined by themoving-average method.)
Available-for-sale securities without market value
Available-for-sale securities without market value arestated at cost by the moving-average method.
B. Derivatives
C. Inventories

Derivatives are stated using the market value method.
Inventories are mainly stated at cost, determined by the
specific identification cost method (the amounts ofinventories in the Balance Sheet are determined by thewrite-down method reflecting decreased profitability).
2) Depreciation and amortization method for significant depreciable assets
A. Property, plant and equipment (except for leased assets)
Property, plant and equipment are depreciated mainly by thestraight-line method. Useful lives are generally as follows:
Buildings and structures
2 to 65 years
B. Intangible assets (except for leased assets)
Intangible assets are amortized by the straight-line method.
Costs of software for internal use are amortized based on theuseable period within the Company (5 years).
C. Leased assets
Leased assets are depreciated using the straight-line method,
assuming the lease period to be the useful life and theresidual value to be zero.
Of finance lease transactions not involving transfer ofownership, lease transactions which started on or before
March 31, 2008 are accounted for in accordance with themethod applicable to ordinary lease transactions.
3) Standards for the provision of significant allowances
A. Allowance for doubtful accounts
In order to prepare for possible bad debt losses on notes andaccounts receivable - trade, loans and others, allowance for
doubtful accounts is provided at an amount calculated on
the basis of a historical bad debt ratio for normal claims, andat an estimated uncollectible amount determined on thebasis of individual assessments of collectability for specificclaims with potential losses.
B. Provision for bonuses

To prepare for the payment of employee bonuses, anestimated amount corresponding to the portion of the bonus
payments in the fiscal year under review is reserved.

C. Provision for directors’ bonuses

To prepare for the payment of directors’ bonuses, anestimated amount corresponding to the portion of the bonus
2

payments in the fiscal year under review is reserved.
D. Provision for loss on business liquidation
An estimated amount of losses arising in connection withthe withdrawal from businesses is reserved.
E. Provision for loss on subleasing businessFor properties for which subleasing losses are highly likely
to continue arising in the subleasing business, an estimatedamount of losses for the next fiscal year and after isreserved.
4) Other significant matters for the preparation of consolidated financial statements
A. Standards for the recording of net defined benefit liability
 Method for attributing estimated retirement benefits to periods:
To calculate retirement benefit liabilities, the estimatedamount of retirement benefits is attributed to the period up
to the end of the fiscal year under review based on abenefit formula basis.
 Method for amortization of actuarial gains and losses and prior service costs:
Prior service costs are amortized by the straight-line
method over a certain number of years (10 years) within
the average number of remaining service years of theeligible employees at the time of accrual.
Actuarial gains and losses are amortized by thestraight-line method over a certain number of years (mostly
10 years) within the average number of remaining service
years of the eligible employees at the time of accrual ineach fiscal year, and allocated proportionately from thefiscal year following the respective fiscal year of accrual.
B. Standards for the provision of significant revenues and expenses
 Basis for the recording of revenue and cost of completed work:
The percentage-of-completion method (percentage ofcompletion is estimated based on cost method) is applied
when the cost outcomes of the construction activities
through until the end of the fiscal year under review can bemeasured with certainty; otherwise the completed-contract
method is applied.
C. Standards for the translation of important foreign currency-based assets or liabilities into Japaneseyen
All foreign currency-based monetary receivables andpayables are translated into Japanese yen at the spot
exchange rates in effect at the consolidated account closing
date. Differences arising from such translation arerecognized as gain or loss. The asset and liability accountsof the overseas subsidiaries and others are translated into
Japanese yen at the spot exchange rates prevailing at therespective account closing dates of the subsidiaries andothers and the revenue and expense accounts are translated
into Japanese yen at the average rates of exchange for theyear. Differences arising from such translation arepresented as “Foreign currency translation adjustment” in
Net Assets.
D. Significant hedge accounting method
 Hedge accounting method:
Hedging transactions are accounted for using deferral hedge
accounting, which requires the unrealized gains or losses tobe deferred as assets or liabilities until the losses or gains on
the underlying hedged items are recognized. For interest
rate swaps that meet certain hedging criteria, the Groupapplies exceptional treatment and for currency swaps that3

meet certain hedging criteria, the transactions are accounted
for by the furiate (allocation) method.
 Hedging instruments and hedged items:

 Hedge policy:<Hedging instruments><Hedged items>
Interest rate swap contracts
Borrowings
Currency swaps and foreign
Securities denominated in
exchange forward contracts
foreign currencies
In accordance with internal rules, interest rate fluctuationand foreign exchange fluctuation risks are hedged.

 Method for assessing the effectiveness of hedges:
The Group evaluates hedge effectiveness based on the ratioof changes determined by comparing the cumulativechanges in cash flows or cumulative market fluctuations of
the hedged items to the cumulative changes in cash flows
or cumulative market fluctuations of the hedging
instrument. However, the Group omits the assessment ofhedge effectiveness in the case of interest rate swaps forwhich the Group applies the exceptional treatment.
E. Amortization method and period of goodwill
Goodwill is amortized using the straight-line method over a
period of 14 to 20 years.
F. Accounting for consumption taxes
The tax-exclusion method is used to account for national
and local consumption taxes. However, non-deductible
consumption taxes on fixed assets and others are included in“Other” under Investments and other assets and amortizedover 5 years, non-deductible consumption taxes on land as
inventories are included in the acquisition costs, and othernon-deductible consumption taxes are expensed as incurred.

4

2. Notes to Consolidated Balance Sheet(1) Pledged Assets and Secured Liabilities
1) Pledged assets and secured liabilities
Pledged assets
Buildings and structures¥179 million
Secured liabilities
Lease and guarantee deposits received¥30 million
2) Investment securities in the amount of ¥10 million are pledged as collateral for a portion of liabilities ofinvestee companies.
(2) Accumulated Depreciation of Property, Plant and Equipment¥173,764 million(3) Guaranteed Obligations
The following are customers for which bank loans, etc. have been guaranteed.
Customers using housing loans¥78,107 million
Joint operators of EBS buildings¥466 million
Total¥78,574 million(4) Revaluation of Land
Under the “Act on Revaluation of Land” (Act No. 34 of March 31, 1998), the Company revalued its
land held for business use. The tax amount for the valuation difference is accounted for as “Deferred
tax liabilities for land revaluation” in Liabilities and the difference net of such tax amount is recorded
as “Revaluation reserve for land” in Net Assets.
· Method of revaluation:
The value of land is determined based on a reasonable adjustment to the assessed value of fixed assets
as stipulated in Item 3, Article 2 of the “Order for Enforcement of the Act on Revaluation of Land”(Cabinet order No. 119 of March 31, 1998).
· Date of revaluation: March 31, 2002

5

3. Notes to Consolidated Statement of Changes in Net Assets(1) Total Number of Shares Issued
Number of shares
as of March 31,
Type of shares2018 (Thousand
shares)Common stock
191,877
277–
192,155
Note: The increase in the number of issued shares among common stocks of 277 thousand shares consists ofan increase due to the exercise of stock options.
Number of shares
as of April 1, 2017
(Thousand shares)

Increase(Thousand shares)

Decrease(Thousand shares)(2) Dividends from Surplus
1) Dividends paid
(Resolution)
April 27, 2017
Meetings of theBoard of Directors
October 26, 2017
Meetings of theBoard of Directors

Type of shares

Total amount ofdividends(Millions ofyen)

Dividends
per share(Yen)

Record date

Effective
date

Common stock

6,715

35

March 31,2017

June 8, 2017

Common stock

6,719

35

September 30,
2017

December 1,
20172) Dividends whose record date is in the fiscal year under review but whose effective date is thereafter(Resolution)

Type ofsharesTotal amount ofdividends(Millions ofyen)

Dividend
resource

Dividends
per share(Yen)

Record date

Effective
date

April 26, 2018
Meetings of theBoard of Directors

Common
stock

6,586

Retainedearnings

35

March 31,2018

June 5, 2018(3) Share Acquisition Rights
The number of shares subject to the share acquisition rights (those for which the exercise period has
arrived) as of March 31, 2018:
Nomura Real Estate Holdings, Inc.
The 3rd share acquisition rights in FY2011
The 1st share acquisition rights in FY2012
The 2nd share acquisition rights in FY2012
The 3rd share acquisition rights in FY2012
The 1st share acquisition rights in FY2013
The 2nd share acquisition rights in FY2013
The 3rd share acquisition rights in FY2013
The 1st share acquisition rights in FY2014
The 2nd share acquisition rights in FY2014
The 3rd share acquisition rights in FY2014

6

Common stock
Common stock
Common stock
Common stock
Common stock
Common stock
Common stock
Common stock
Common stock
Common stock

29,000 shares
8,400 shares
38,300 shares
67,900 shares
6,400 shares
38,300 shares
234,300 shares
29,900 shares
104,100 shares
237,300 shares4. Notes to Financial Instruments(1) Status of Financial Instruments
The Group restricts fund management to deposits and others with safe and high market liquidity,
and fund procurement is mainly treated by bank loans and bond issuance. In accordance with internal
rules, derivatives are not used for speculative purposes, but for managing exposure to financial risks as
described in detail below.
Securities held by the Group are those that are safe with high market liquidity such as negotiablecertificates of deposit, and these are held for temporary management of surplus funds.
Equity investments and investment securities are principally stocks, investment units, etc., and theseare held for the promotion of businesses. The fair values of stocks and investment units are obtained at
the end of each month. Although securities denominated in foreign currencies are exposed to foreignexchange fluctuation risks, they are hedged through derivative transactions (currency swaps andforeign exchange forward contracts). Floating-rate loans payable are exposed to interest rate fluctuation
risks, but derivative transactions (interest rate swaps) are utilized as hedging instruments forfloating-rate long-term loans payable to hedge risks of fluctuations in interests paid and fix interest
expenses.
(2) Fair Values of Financial Instruments
Book values in the consolidated balance sheet, fair values, and the differences between these values
as of March 31, 2018 are as follows. Financial instruments whose fair values are deemed extremely
difficult to determine are not included in the following table. (Please refer to Note 2.)(Millions of yen)

(1) Cash and deposits

Book value in the
consolidated balance
sheet
52,347

Fair value

Difference

52,347–(2) Securities

9,000

9,000

–

(3) Investment securities *1

37,20537,24439

Total assets

98,553

98,592

39(1) Short-term loans payable *2

34,00034,000–(2) Bonds payable

140,000

141,4281,428(3) Long-term loans payable *2

703,800

717,255

13,455

Total liabilities

877,800

892,684

14,884

(525)

(525)

–

Derivative transactions *3
*1
*2
*3

The stated amount includes Japanese government bonds that have been recorded in “Lease and guarantee
deposits.”
Current portion of long-term loans payable are included in “(3) Long-term loans payable.”
The value of assets and liabilities arising from derivatives is shown at net value. The figures in parenthesis
indicate net liabilities.

Notes: 1. Method of fair value measurement of financial instruments
Assets(1) Cash and deposits
Since these items are settled in a short period of time, the fair values approximate their bookvalues. Accordingly, the book values are presented as their fair values.
(2) Securities
Since these items are negotiable certificates of deposit and settled in a short period of time, the fairvalues approximate their book values. Accordingly, the book values are presented as their fairvalues.
(3) Investment securities
The fair values of stocks, investment units, etc. are mainly based on the prices on exchanges.
Liabilities(1) Short-term loans payable
Since these items are settled in a short period of time, the fair values approximate their book7

values. Accordingly, the book values are presented as their fair values.
(2) Bonds payable
These items are issued mainly by the Company and the fair values are based on the market prices.
(3) Long-term loans payable
The fair value of long-term loans payable is based on the method of calculation whereby the sumof principal and interest is discounted by an interest rate assumed when a new, similar loan is made.
Long-term loans payable with floating interest rates are prescribed to be subject to exceptional
treatment applicable to interest rate swaps. Hence, the fair value is based on the method of
calculation whereby the sum of principal and interest, treated in combination with the said interest
rate swap, is discounted by a reasonably estimable interest rate assumed when a similar loan ismade.
Derivative transactions
The fair values of derivatives are based on the prices obtained from the counterparty financial
institutions.
2. Financial instruments whose fair values are deemed extremely difficult to determine(Millions of yen)Book value in the consolidatedbalance sheet
16,266

Category

Unlisted stocks, etc. *1, 2*1Unlisted stocks, etc. are excluded from “(3) Investment securities” described above because*2

they do not have market prices and their fair values are deemed extremely difficult todetermine.
“Unlisted stocks, etc.” includes unlisted stocks, etc. recorded in “Equity Investments.”

5. Notes to Real Estate for Rent
(1) Status of Real Estate for Rent
Some of the Company’s consolidated subsidiaries own rental office buildings and rental retailfacilities (including land) in Tokyo and other regions.
(2) Fair Values of Real Estate for Rent
(Millions of yen)Book value in the consolidatedbalance sheet

Fair value as of March 31, 2018

Real estate for rent
794,478
946,597
Properties including the
portion used as real estate for
26,02655,820rent
Notes: 1. Book values in the consolidated balance sheet are the amounts determined by deducting
accumulated depreciation from the acquisition cost.
2. Fair values as of March 31, 2018 are determined based primarily on values according to Real
Estate Appraisal Standards (including adjustments based on certain indexes). However, if nosignificant fluctuations in certain appraisal values or indexes considered to appropriatelyreflecting market values have occurred since the time of acquisition from third party or the timeof the most recent appraisal, the Group bases the fair value on an amount that has been adjusted
using the aforesaid values or indexes.
3. Some rental office buildings are regarded as properties including the portion used as real estate
for rent since they are used by the Company and certain consolidated subsidiaries.

6. Notes to Per Share Information(1) Net Assets Per Share(2) Basic Earnings Per Share¥2,664.70¥240.89

7. Notes to Significant Subsequent Events
Not applicable.
8. Other Notes
Not applicable.
8Notes to Non-Consolidated Financial Statements
1. Notes to Matters for the Significant Accounting Policies(1) Valuation Standards and Methods for Assets
1) Valuation standards and methods for securities
 Shares of subsidiaries and affiliated companies
Shares of subsidiaries and affiliated companies are stated atcost by the moving-average method.
 Available-for-sale securities:
Available-for-sale securities with market value
Available-for-sale securities without market value are statedat cost by the moving-average method.
2) Valuation standards and methods for derivatives, etc.
Derivatives
Derivatives are stated using the market value method.
(2) Depreciation and Amortization Method for Noncurrent Assets
1) Property, plant and equipment (except for leased assets)
Property, plant and equipment are depreciated by thestraight-line method.
2) Intangible assets (except for leased assets)
Intangible assets are amortized by the straight-line method.
Costs of software for internal use are amortized based on theuseable period within the Company (5 years).
3) Leased assets
Leased assets are depreciated using the straight-line
method, assuming the lease period to be the useful life andthe residual value to be zero.
(3) Standards for the Provision of Allowances
1) Allowance for doubtful accounts
In order to prepare for possible bad debt losses on notes
and accounts receivable - trade, loans and others,
allowance for doubtful accounts is provided at an amountcalculated on the basis of a historical bad debt ratio fornormal claims, and at an estimated uncollectible amountdetermined on the basis of individual assessments ofcollectability for specific claims with potential losses.
2) Provision for bonuses
To prepare for the payment of employee bonuses, anestimated amount corresponding to the portion of the bonus
payments in the fiscal year under review is reserved.
3) Provision for directors’ bonuses
To prepare for the payment of directors’ bonuses, anestimated amount corresponding to the portion of the bonus
payments in the fiscal year under review is reserved.
(4) Other Basic Matters for the Preparation of Non-Consolidated Financial Statements
1) Accounting for deferred assets
The costs are fully charged to income when disbursed.
2) Significant hedge accounting method
 Hedge accounting method:
Hedging transactions are accounted for using deferral hedge
accounting, which requires the unrealized gains or losses tobe deferred as assets or liabilities until the losses or gains on
the underlying hedged items are recognized. For interest
rate swaps that meet certain hedging criteria, the Groupapplies exceptional treatment.
 Hedging instruments and hedged items:<Hedging instruments><Hedged items>
Interest rate swap contracts
Borrowings
 Hedge policy:

In accordance with internal rules, interest rate fluctuation
risks are hedged.

 Method for assessing the effectiveness of hedges:
The Company evaluates hedge effectiveness based on the9ratio of changes determined by comparing the cumulativechanges in cash flows of the hedged items to the
cumulative changes in cash flows of the hedging
instrument. However, the Company omits the assessmentof hedge effectiveness in the case of interest rate swaps forwhich the Company applies the exceptional treatment.
3) Accounting for consumption taxes

The tax-exclusion method is used to account for national
and local consumption taxes.

2. Notes to Changes in Presentation Method
Non-Consolidated Statements of Income
The Company implemented a review to further clarify the titles used for the presentation of its accounts,and “Dividend Income”, which was presented separately under Operating Revenue in the previous fiscal
year, is presented as “Dividends from Subsidiaries and Associates” in the fiscal year under review.
3. Notes to Non-Consolidated Balance Sheet(1) Accumulated Depreciation of Property, Plant and Equipment¥70 million(2) Monetary Receivables from and Payables to Subsidiaries and Associates
1) Short-term monetary receivables¥312,682 million
2) Short-term monetary payables¥33,246 million
4. Notes to Non-Consolidated Statements of Income
Amount of business with subsidiaries and associates
Amount of operating transactions
Operating revenue
Operating expenses¥32,093 million¥393 million

5. Notes to Non-Consolidated Statements of Changes in Net Assets
The number of treasury shares
Type of shares

Number of shares
as of April 1, 2017
(Thousand shares)

Increase(Thousand shares)

Decrease(Thousand shares)

Number of shares asof March 31, 2018
(Thousand shares)

Common stock

1

3,955

–

3,956

6. Notes to Tax Effect Accounting
Breakdown of deferred tax assets and deferred tax liabilities by major cause
Deferred tax assets
Share-based compensation expenses
Loss on valuation of shares of subsidiaries and associates
Provision for bonuses
Accrued enterprise tax
OthersSubtotal deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities
Book value of shares of subsidiaries and associates
OthersTotal deferred tax liabilities
Net deferred tax liabilities

10(Millions of yen)
556
279
67
50
28
982
(290)
692
(12)
(2)
(15)
677

7. Notes to Related Party Transactions(1) Subsidiaries, Affiliated Companies and Others
Type

Subsidiary

Name

Nomura Real
EstateDevelopment
Co., Ltd.

Voting rights
holding orheld (%)

Directly
holding
100.0

Relationship with theCompany

Management
guidance, borrowing
and lending of funds

Transaction
details

Amount oftransaction(Millions of yen)

Items

Fiscal year-end
balance(Millions of yen)

404,111

Short-term loans
receivable

274,985

155,000

Long-term loans
receivable fromsubsidiaries andassociates

610,000

Receipt ofinterest

10,561–－

Lending offunds

Subsidiary

Nomura Real
Estate Urban
Net Co., Ltd.

Directly
holding
100.0Management guidance

Deposit offunds

45,398Deposits received

9,875

Subsidiary

Nomura Real
Estate Partners
Co., Ltd.

Directly
holding
100.0Management guidance

Deposit offunds

92,443

Deposits received

15,09042,81632,714

Directly
holding
95.0Management
guidance, borrowing
and lending of funds

Short-term loans
receivable

SubsidiaryNREG
TOSHIBA
BUILDING
Co., Ltd.

–Long-term loans
receivable fromsubsidiaries andassociates

45,000Lending offunds

Note: The interest rates for lending and deposit of funds are determined in a rational manner by considering market
interest rates.

(2) Officers, Major Individual Shareholders and Others
Title

Name

Voting rights
holding orheld (%)

Relationship with theCompany

Transaction
details

Amount oftransaction(Millions of yen)
(Note 1)

Officer

SeiichiMiyajima

Held
0.0

Director of theCompany

Exercise ofstock options(Note 2)

10––

Officer

Haruhiko
Nakamura

Held
0.0

Executive Officer of
the Company

Exercise ofstock options(Note 2)

10––Notes: 1. Amount of transaction does not include consumption taxes.
2. Stock options granted by the Company pursuant to the Companies Act.

8. Notes to Per Share Information(1) Net Assets Per Share(2) Basic Earnings Per Share¥1,472.54¥81.66

9. Notes to Significant Subsequent Events
Not applicable.
10. Other Notes
Not applicable.

11

Items

Fiscal year-end
balance(Millions of yen)