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Research - Daiwa Securities ()

As of 28-Jun-05

Research Summary

Number of brokers recommending as: Strong Buy Shinko Securities Co. Moderate Buy Ltd. Hold UFJ Tsubasa Securities Co. Moderate Sell Ltd. Strong Sell Ichiyoshi Research Institute INC.

Average Recommendation (Strong Buy) 1.00 - 5.00 (Strong Sell) This Week Okasan Securities Co. Last Week Ltd Change Tokai Tokyo Research Center Co.% Covering Brokers

Earnings Per Share Last Reported Year date_undefined 0.00 Surprise  % Consensus Estimates Forecast Year 1 (date_undefined) 0.00 Forecast Year 2 (date_undefined) 0.00

Earnings Estimates & Recommendations

EPS figures in	Forecast Year 1 (date_undefined)	Forecast Year 2 (date_undefined)		Number of brokers recommending as: Months Ago 0 1 2 3 Strong Buy Moderate Buy Hold Moderate Sell Strong Sell Mean* Shinko Securities Co. Ltd. UFJ Tsubasa Securities Co. Ltd. Ichiyoshi Research Institute INC. Okasan Securities Co. * (strong buy) 1.00 - 5.00 (strong sell) Industry: Ranked of Next Earnings (Approx.): date_undefined
Earnings Estimates Consensus Number of Analysts Low Estimate High Estimate Year Ago EPS EPS Growth	0.00 0.00 0.00 0.00 0.00	0.00 0.00 0.00 0.00 0.00
Consensus EPS Trend Current 7 Days Ago 30 Days Ago 60 Days Ago 90 Days Ago	0.00 0.00 0.00 0.00 0.00	0.00 0.00 0.00 0.00 0.00

Earnings Growth

	Last 3 Years	Forecast Year 1 (date_undefined)	Forecast Year 2 (date_undefined)	Last Reported Year - Forecast Year 2 (date_undefined)	Price/Earn (date_undefined)	PEG Ratio (date_undefined)
Daiwa Securities Country Aggregate	N/A N/A					N/A N/A

Earnings History

	date_undefined	date_undefined
Estimate Actual Difference % Surprise	0.00 0.00 0.00	0.00 0.00 0.00

Covering Brokers