Investor Presentaiton

Sinking Fund Reserves Accumulation of 3.7% (1/27th) of total prefectural bond issuance after 3 year deferral period Unit:JPY bn 600 493 500 464 421 386 400 367 338 311 300 275 237 208 200 100 09 10 11 12 13 14 15 16 17 18 estimate 20

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