Intended readership:

   The Daiwa Securities Group's diverse stakeholders, which primarily include customers, shareholders, investors, and employees, as well as business partners, NPOs/NGOs (non-profit organizations), educational institutions, and the local communities in which our branches and overseas offices are located.

Scope of reporting:

   This report basically covers our nine main group companies*, which account for about 90% of the Group's total number of employees. The report does not, however, encompass data from all nine companies on all items reported. Rather, information is provided in proportion to the size and business area of each company. The scope of numerical data is noted along with the data.

Period covered by report:

   Fiscal 2006 (April 2006–March 2007). The report also includes some information on activities carried out in fiscal 2007 which became available close to the publication date, as well as some information on activities that occurred prior to fiscal 2005.

Publication date:

   September 2007 (Previous report was published in September 2006, and the next report is planned for September 2008).

* See "Daiwa Securities Group's Business Description" for the Group's nine principal companies.