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Investor Presentaiton

Trends in Fiscal Standards (Ordinary Accounts) (Units: %) Category FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 Independently Shizuoka 50.9 47.7 48.7 51.4 53.4 56.4 67.1 Sourced Revenue Japan 47.2 45.6 46.2 48.5 50.9 52.9 Ratio Rank 7 7 8 7 9 8 Shizuoka 36.9 36.5 38.6 41.2 44.0 46.8 50.5 Local Tax Ratio Japan 32.3 30.2 31.0 33.3 35.2 37.9 Rank 7 6 5 5 5 5 Shizuoka 11.5 11.1 13.1 14.2 16.4 18.4 19.4 Corporate Tax Ratio Japan 9.2 8.1 8.9 10.2 11.6 13.4 Rank 6 5 5 5 5 5 【Independently Sourced Revenue Ratio】 An indicator of fiscal independence of a region, calculated as revenue that a prefecture can source on its own as a percentage of total revenue. [Local tax + local consumption tax settlements + contributions + usage fees and commissions + asset-based revenues + donations + transfer money + net asset carry-over (previous FY real income) + miscellaneous revenues] / total revenue 【Local Tax Ratio] Local tax revenue as a percentage of total revenue. [Corporate Tax Ratio] 2 corporate taxes included in local tax (corporate resident's tax and corporate enterprise tax) as a percentage of total revenue. - 13-
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