Investor Presentaiton

3-(3) Fiscal Position (Expenditures) Expenditures have decreased after peaking out in FY1998 3. Fiscal Position Investment expenses have decreased after peaking out in FY1996 Mandatory expenses have plateaued at 53-56% of total expenditures since FY2002 General Account Expenditures 15,000 10,000 5,000 0 39.7% 37.6% 4,964 Shizuoka Prefecture (%) Mandatory expenses 60 54.9%55.6% have plateaued 11,298 11,324 Other Mandatory 40 Expenses 18.6% 18.1% 20 20 Investment Expenses -Investment Expenses (% of total) - Mandatory Expenses (% of total) 2,106 2,051 0 Investments remain suppressed 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 *Initial budget used for FY2008 9

View entire presentation