23.9 26.0 20083 3 20074 200712 20093 3 20084 200812 20083 3 20074 200712 20093 3 20084 200812

5 5 SBI 2004 2005 2006 2007 2008

5 1

10 30,000 25,000 20,000 15,000 10,000 5,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2002320033200432005320063200732008320093 SBI

54,181

200833 20074 200712 200933 20084 200812

SBI 5 2004 2005 2006 2007 2008

80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 6912369123691236912

200833 20074 200712 200933 20084 200812

1,379 1,363 200833 20074 200712 200933 20084 200812

600 500 400 300 200 100 0 195 200812 117 200812 0 50 20 mini 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

() ()

3 3 3 3 3 3 3 3 3 3 3 3 0 100 200 300 400 500 SBI 200812 99 3Q 78 3Q 28

5,673 1,002 200833 20074 200712 200933 20084 200812

13,608 19,599 9,063 15,522 10,341 15,842 8,615 5,623

200811 SBI FX

200833 20093 3 20074 200712 20084 200812

. 20093 3

4 1 200871 20081117 SBI FX 20 10 50 SBI FX 10 11,000 200812 1 SBI 4 2 SBI 200811 SBI FX SBI FX

0:30 2:00 8 20 16 30 19:00 23 59 6:00 23:30 6:00 23:30 0:00 9:00 11:00 12:30 15:00 19:00 23:59 NY NASDAQ 1 SBI PTS SBI PTS 1,000 1

http://www.sbisec.co.jp

SBI 44 33 30

/ SPAN Net Option Value 1.2 120 SPAN Net Option Value

( ) SPAN WEB 225 225 225

1 1000 5 20 2Way 0

e e (REIT) e e 1 100 e e e e e

( IVR ) ETFREIT 10 200( ) 20 250( ) 50 450( ) 100 800( ) 150 950( ) 3000 1500( ) 3000 1575 ( ) 10 20 250( ) 30 315( ) 50 500( ) 100 900( ) 100 420( ) ( ) / ( ) 1 20 150( ) 50 200( ) 50 400( ) 1 10 50 300( ) 100 600( ) 1000 1000( ) 5000 2000( ) 5000 2000( ) ( ) 1 50 450( ) 100 800( ) 150 950 ( ) 3000 1500( ) 3000 1575( ) (2007827 2008731 367( ) ( ) 0.63( ) IVR

1 1000 26.25 ( ) 1000 1 +2.1 ( ) 0.4095( ) 31.5 ( ) 315 ( ) 0.945 9,450 ( ) ETF 0.99( ) ( IVR ) 3.675( ) 2.7125 1 MMF MMF MMF 25

(1 ) 50 80 80 1 1 50 30 15 ( IVR ) 1 300 15 4500 225 1525( ) 225 152.5( 1 ) 0.21( ) 210( ) e 20 262( ) 20 525( ) 5.0 500

( ) 1 100 1.2075( )1 100 500 0.945+2,625( ) 500 1,000 0.735+13,125( ) 1,000 3,000 0.60375+26,250( ) 3,000 5,000 0.39375+89,250 ( ) 5,000 1 286,125( ) 1 2 0.0735+212,625( ) 2 3 0.0525+254,625( ) 3 5 0.042+286,125( ) 5 0.0315+338,625( ) 1. 1.2075 2,625 2,625( ) ETFREIT 1 1 75,000 10.5( ) 75,000 75 7,875( ) 75 500 1.05( ) 500 1,000 0.84 10,500( ) 1,000 5,000 0.63 31,500( ) 5,000 1 0.42 147,000( ) 1 0.21 346,500( )

( ) TTS TTB 1 1 0.084( ) 1 3 0.063 21,000( ) 3 5 0.042 84,000( ) 5 10 0.021 189,000( ) 10 0.0105 294,000( ) 100 4.2( )1 100 300 3.15 10,500( ) 300 500 2.1 42,000( ) 500 1,000 1.575 68,250( ) 1,000 3,000 1.26 99,750( ) 3,000 5,000 0.945 194,250 ( ) 5,000 0.63 351,750( ) ( )

( ) ( ) 1. 4.20 2,625 2,625( ) PTS e