ZIPANGU IRI, Inc.




	IR Magazine

ZIPANGU Reader Survey: Volume 3

We greatly appreciate your readership of ZIPANGU and hope that you have enjoyed Volume 3. ZIPANGU is also available online at
http://www.iri-japan.co.jp/en/zipangu_en/

In order to provide better information to investors in Japanese stocks, we would appreciate your time in completing the following reader survey. In addition, three winners will be chosen by lottery drawing from those who respond to the survey to win a complimentary one-night stay in a suite (up to two people per suite) at the Grand Hyatt Fukuoka (http://fukuoka.grand.hyatt.com/hyatt/hotels/index.jsp). Entries are accepted until April 30, 2010. Please fill in your information in the entry field after completing the survey.

1.	Which of the following companies featured in our advertisements or mentioned in our articles had you known of before reading this volume of ZIPANGU? (Check all that apply.)

	DIAM Fukuoka REIT FSE (Fukuoka Stock Exchange) Grand Hyatt Fukuoka IBIDEN Nippon Kayaku TORAY FUJIFILM JSR Asahi Glass Sumitomo Mitsui Asset Management Mitsui Sumitomo Insurance Aioi Nissay Dowa Insurance Tokio Marine Holdings Sompo Japan Insurance NIPPONKOA Insurance Dai-ichi Mutual Life Insurance T&D Holdings Nippon Life Insurance Meiji Yasuda Life Insurance Kenedix Realty Investment United Urban Investment TSE (Tokyo Stock Exchange)

2.	Which articles or features did you find interesting? (Check all that apply.)

	Compact Fukuoka City - The Unknown Giant Fukuoka REIT Corporation Feature: Business Community Joins Support of Stock Exchange Listings Map: IR Access in Fukuoka Feature: Japan’s “Only One” and “Number One” Companies Feature: The Life and Non-Life Insurance Industries Kenedix Reality Investment Corporation

3.	What topics, features or specific companies would you like to see covered in future volumes of ZIPANGU? In addition, if you have any other requests or feedback concerning ZIPANGU, please feel free to write them below.


4.	What is your forecast for Japanese stocks within the next six months? (the half-year period from April)

	Bullish Slightly bullish Neutral Slightly bearish Bearish

Thank you for taking the time to complete the survey. (Of those who fill in their information in the following entry field, three people will be chosen to win a complimentary stay at the Grand Hyatt Fukuoka.) Application to win a complimentary stay at the Grand Hyatt Fukuoka Please complete the following entry form. (The application deadline is April 30. Winners will be notified by e-mail by May 14.)

	Name(full name) :
	Company name :
	Country :
	E-mail address :

The complimentary stay can be used until the end of November 2010 (offer expires thereafter). In addition, the stay cannot be used on the day prior to a holiday or the day prior to a Japanese holiday. Services provided with the suite (the Grand Suite, equivalent in value to 71,000 yen) include a continental breakfast, use of the exclusive lounge on the 5th floor and use of the fitness club on the 4th floor. Other services, beverages and food are to be paid at the guest’s own expense. After winning the stay, please indicate your flight number when making a reservation. Furthermore, while there are no lodging charges, we ask that you present your credit card at the hotel front desk. In addition, the hotel disclaims any and all responsibility should an accident or such occur during your stay.

Thank you for your cooperation.