Based on the requests we have received from stakeholders thus far, the Daiwa Securities Group established a set of key issues in 2007. The implementation of these issues was given the utmost priority.

This time, the Group has reaffirmed the CSR initiatives that need to be realized and has undertaken a revision of its key issues with the aim of implementing CSR activities that are even more effective.

To that end, we have integrated the existing four key issues —(1) Adding a Social Perspective to Investment, (2) Commitment to the Development of a Sound Securities Market, (3) Contribution to the Global Environment and (4) Providing Information for a Sustainable Society—into the two key issues.