Company Name	Tachibana Securities Co., Ltd.
Representative Director	Noboru Ishii, President
Founded	1 September, 1953
Capital	6,695 million yen
Annual Revenues	5,517 million yen
Net Assets(**)	59,735 million yen
Regulatory Capital Ratio	621.7%
Head Office	1-13-14 NihonbashiKayabacho, Chuo-ku, Tokyo 103-0025
Number of Employees	490
Number of Offices	9 branches in Japan and a wholly-owned subsidiary in Hong Kong
Business	Dealing in financial products
Registration	Kanto Local Financial Bureau Chief (Financial Products) #110
Memberships	Japan Securities Association Tokyo Stock Exchange Osaka Stock Exchange Nagoya Stock Exchange Fukuoka Stock Exchange Sapporo Stock Exchange Financial Futures Association of Japan Tokyo Financial Exchange Inc.

All financial data as of March 2020 unless stated otherwise
(**) Net Assets = Parent total equity + Provisions - Dividend reserve

Institutional Department

We focus primarily on providing information, advice and execution related to the Japanese stock markets (particularly on small to mid-cap shares). We do not trade bonds, or overseas equities. We are a team of 10 sales and trading professionals covering domestic institutions as well as selected international clients.

We issue English language reports (reports written by our own Research Dept. together with our own original report) which we make available to clients. Our services include high-touch trading, company meeting arrangements, standing proxy, and settlements.

We do not engage in Corporate Finance and Underwriting.

DMA Sales Department

We provide DMA with algorithmic trade for domestic and overseas investors (LLC, LLP, Fund, etc). We provide a standing proxy service to shareholders, hold investors' financial assets for safekeeping and settle trades as a custodian. Our clients are mainly overseas investors and HFT (High-Frequency Trade) clients.

We are a team of 6 sales and 3 system engineer professionals handling executions of Japanese listed stocks trading and futures. We are a multi-functional department.

Research Department

Our Research Department includes market strategists and 8 sector analysts, with bias towards stocks that interest retail investors such as smaller cap shares and those related to fresh themes in the market. They write reports on over 300 companies a year, approximately 20% of which are not covered by any other broker.