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（ Reducing the Burden of Reporting in the Regulatory Environment ） Use and Future Development of XBRL

in the Context of TDnetKoji Yoshida

June 24, 2009

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TDnet (Timely Disclosure network): since April 1998

(1) Submit and register disclosure data to the TSE online

(2) Give explanations of disclosure data to the TSE over the phone

(3) Output disclosure data on TDnet terminals set at media organizations

(4) Obtain certificates (at any time after disclosure)

(5) Enable the public to view disclosure data (TSE web site, TDnet database service)

* The public can view the data on the TSE website (http://www.tse.or.jp/) or

by using the database service.

All Listed companies in Japanabout 4,000 companies

InvestorsContractors

Mediaorganizations

DatabaseService

IssuecertificatesRegister

Web Real-timeservice

TDnet

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Application of XBRL to TDnet

1998: First generation TDnetDigital disclosure evolves from hardcopy disclosureFinancial data provided in PDF and CSV format

2003: Second generation TDnetXBRL introduced for the first time in the worldReceipt of financial data in XBRL format commences

2008: Third generation TDnetXBRL introduced substantiallyProvision of financial data in XBRL format commences

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　 TSE started to apply XBRL to TDnet in 2008

Listed　companies

Web Service

Media organizations

Input　inInput　in　　XBRLXBRL

Output　Output　in　XBRLin　XBRL

TDnet provides the original financial statements from listed companies to users in XBRL

Mandatory requirement for listed companies to submit financial data in XBRL format to TDnet

Tokyo Stock Exchange

Investors

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Listing Management Operations of the Listing Management Operations of the Tokyo Stock ExchangeTokyo Stock Exchange

１． Review of timely disclosure materialReview of the content of timely disclosure material submitted by listed 　　　　　 companies

２． Analysis of the financial situation of a listed companyAnalysis and monitoring of the financial situation of listed companies based on the earnings digest and securities report

３． Assessment as to whether the delisting criteria are metAssessment as to whether a listed company falls under the delisting criteria, based on the financial information included in the securities report

４． Gathering information on listed companiesGathering and management of information on listed companies reported in news articles and disseminated over the Internet

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Listing Management Operations of the Listing Management Operations of the Tokyo Stock ExchangeTokyo Stock Exchange

５ . Retention and management of basic information on listed 　　 companies

Includes information provided by persons in charge of disclosure, location of headquarters, stock prices, numbers of listed shares, market capitalization, etc.

６． Retention and management of records on hearings with listed companies Persons in charge individually retain and manage records on hearings with listed companies

７． Retention and management of materials acquired from listed companies Persons in charge individually retain and manage material submitted by listed companies

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Listing Management Operations of the Listing Management Operations of the Tokyo Stock ExchangeTokyo Stock Exchange

８． Scheduling control for meetings with listed companies　　　 Persons in charge individually control the schedule for meetings 　　　 with listed companies

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Listed company

Tokyo Stock ExchangeTokyo Stock Exchange

EDINETEDINETInformation vendors, mass media, etc.

XBRL

DB

■Statutory disclosure data■Company related information■Media information

■Timely disclosure•Earnings digest•Performance forecast

Review, monitoring

and analysis

売上高

営業収益

経常収益

営業収入

損益計算書売上高 営業収益 経常収益 営業収入 純営業利益

7,882 6,306 5,044 4,036 2,0184,198 3,358 2,686 2,149 1,0759,191 7,353 5,882 4,706 2,3536,254 5,003 4,003 3,202 1,6011,405 1,124 899 720 3605,645 4,516 3,612 2,890 1,445

Overview of Listed Company Information Management Overview of Listed Company Information Management systemsystem

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Listed company

Tokyo Stock ExchangeTokyo Stock Exchange

EDINETEDINETInformation vendors, mass media, etc.

XBRL

DB

■ Statutory disclosure data ・ Securities report, etc. ・ Amended report, etc.■ Media information

■Reviewed disclosure material

Examination, monitoring and

verification

Overview of Listed Company Information Management Overview of Listed Company Information Management systemsystem

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Effect of implementation of Listed Company Information Effect of implementation of Listed Company Information Management systemManagement systemNo. Item Total

(hours/year)

Total($/year ）

1 Review of timely disclosure material 6,390 36,514

2 Analysis of the financial conditions of a listed company

3 Assessment as to whether the delisting criteria are met 1,793 10,246

4 Gathering of information on listed companies 1,663 9,503

5 Retention and management of basic information on listed companies 854 4,880

6 Retention and management of records on hearings with listed companies 432 2,469

7 Retention and management of materials obtained from listed companies 4,183 23,903

8 Scheduling control for meetings with listed companies 516 2,949

Automation and improved efficiency through the use of XBRL 5,374 30,709

Sharing and centralized control of information 10,439 59,651

　 Total 15,813 90,360

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Future efforts in the application of XBRL to TDnet 　 ①

TDnet seminars ・ Seminars: 4 times since November 2007

　　　 ・ More than 30 companies (including information vendors, 　　　　 analysts, system development companies) participated

Promote XBRL use ・ Website for learning about XBRL, provision of XBRL application software

・ XBRL forum　　 ・ In cooperation with XBRL Japan ・ Held in March, 2009

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Future efforts in the application of XBRL to TDnet 　 ②・ Consider applying XBRL to non-financial information

・ Consider applying XBRL to disclosure data (non-financial information including notes to financial statement, corporate action, etc.)・ Consider addressing issues related to the adoption of IFRS in TDnet, assuming that IFRS is to be applied in Japan

・ Closer collaboration with Financial Services Agency (FSA)

　　　

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Thank　you　for　your　attention.