Investor Presentaiton

Location and Scale Population trend since 1985 Located at the center of Japan (mn) 135.0 Osaka 2hrs 300km radius 130.0 125.0 120.0 115.0 110.0 '85 '90 '95 100 Japan (JPY mn) 4.0 3.5 3.0 Nagoya Tokyo 1hr 1hr 2.5 3.79 '05 (mn) 5.00 128.1 127.1 4.50 4.00 3.70 3.50 3.00 '10 '15 Shizuoka (right axis) Per capita income since 2001 Japan Average Shizuoka 3.49 3.22 2.87 2.82 20 Ranking 01 02 03 04 05 06 07 08 08 10 11 12 13 14 among 6 3 4 3 3 3 3 2 4 3 3 3 3 3 prefectures 5

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