Investor Presentaiton

Status of Debts and PB Continuous surplus in primary balance Sound prefectural bond balance (JPY bn) 3,500 3,000 2,500 2,000 1.500 1.000 500 (JPY bn) 20.0% 140 17.9% 18.0% 120 2.758 16.0% 100 14.0% 12.0% 80 10.0% 60 8.0% 6.0% 40 4.0% 20 2.0% 131.3 106.2 0.0% 0 08 09 10 11 12 13 14 15 16 17 09 10 11 12 13 14 15 16 Prefectural Bond % of GDP (Right Axls) 15

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