Market Report for September, 2016

Trading Summary

Total Monthly Value (JPY) 1,330,571,246,270 Total Monthly Volume 1,886,187,129

Average Daily Value (JPY) 66,528,562,313 Average Daily Volume 94,309,356

Average PI (bps) 6.99 Average Traded Symbols 1787

Average Daily Turnover Daily Turnover

Average Market Share Daily Market Share

Top Stocks by TurnoverStock Value (JPY) Share PI (bps)

1570 NIKKEILV 29,396,999,797 1.47% 3.18

7974 NINTEND 22,809,785,300 0.96% 1.27

6098 RECRUIT 15,689,704,900 4.31% 3.28

8028 FAMIUNY 14,712,783,200 7.08% 3.56

6762 TDK 13,628,267,900 6.56% 3.76

Top Stocks by Market ShareStock Value (JPY) Share PI (bps)

4208 UBE IND 4,578,804,700 14.58% 19.89

5703 NLM HD 1,796,993,380 14.54% 17.74

8303 SHINSEI 9,395,607,700 14.46% 24.21

6330 TOYOENG 428,097,300 14.45% 9.20

7003 MTI-E&S 2,706,967,200 14.12% 28.61

Top Stocks by Price ImprovementStock Value (JPY) Share PI (bps)

9898 SAKHADIA 498,188,840 13.52% 2007.20

3103 UNITIKA 984,124,700 3.33% 77.02

8201 SAGMICO 559,291,500 5.36% 54.09

5202 NP-SGLS 1,265,538,640 8.41% 49.03

5406 KOBESTL 8,866,393,470 12.51% 45.94

Top Stocks by SavingsStock Value (JPY) Share Savings

9898 SAKHADIA 498,188,840 13.52% 88,507,310

5406 KOBESTL 8,866,393,470 12.51% 36,601,950

8303 SHINSEI 9,395,607,700 14.46% 18,696,200

9101 NYKLINE 9,934,735,200 10.00% 15,692,900

9104 MTI-OSK 9,779,084,800 12.88% 12,204,400

I Analysis is based on SBI Japannext and Thomson Reuters data. Large Cap = TPX100, Mid Cap = TPX500 excl. TPX100,Small Cap = All Names excl. TPX500.. All Japannext markets (J, X, U, and N) are included.

I Price Improvement (PI) and Savings (PI*volume) are calculated by comparing the execution price against the primarymarket’s best bid for each sell or best offer for each buy at the point of execution from the taker’s perspective. Reported PI isa value-weighted average. Names with monthly traded value less than 400,000,000 JPY are excluded from the rankings tables.

c©2016 SBI Japannext. All rights reserved. SBI Japannext is a financial instruments business operator registered to FSA and also a PTS operator authorizedby FSA under the Financial Instruments and Exchange Act in Japan. This material is provided for an informational purpose only. SBI Japannext has noresponsibilities or warranties and excludes all liability (including for negligence) in relation to its content to the extent allowed by applicable laws.

Night-Time Market Report for September, 2016

Trading Summary

Total Monthly Value (JPY) 18,630,701,546 Total Monthly Volume 35,668,034

Average Daily Value (JPY) 931,535,077 Average Daily Volume 1,783,401

Average Quoted Symbols 1721 Average Traded Symbols 187

Average Nightly Turnover p Nightly Turnover

Top Stocks by TurnoverStock Value (JPY) Share

1570 NIKKEILV 4,649,843,118 0.23%

1357 NKDOUBLE 2,472,307,060 0.74%

7974 NINTEND 1,431,692,600 0.06%

7203 TOYOTA 637,861,100 0.06%

1360 NKBEAR-2 534,485,650 0.54%

8411 MIZUHO 347,207,030 0.06%

6079 ENERES 341,589,160 0.40%

1579 225 BULL 315,605,520 0.22%

3912 MOBILFAC 306,815,300 0.39%

8306 MUFG 290,299,950 0.03%

3935 EDIA 264,042,870 1.94%

3961 SILVREGG 239,738,850 0.76%

4565 SOSEI 186,567,600 0.06%

4080 TANAKAC 176,302,210 0.38%

8316 SMFG 168,382,050 0.02%

Top Stocks by Market ShareStock Value (JPY) Share

6663 TAIYOIND 17,164,210 3.90%

4366 DAITOCH 20,374,900 2.93%

2488 JP THIRD 20,625,540 2.88%

7827 ORVIS 11,568,670 2.34%

3375 ZOA 763,320 2.23%

3350 RED 140,224,330 2.08%

3935 EDIA 264,042,870 1.94%

4591 RIBOMIC 29,201,490 1.91%

2424 BRASS 11,468,680 1.70%

3727 APLIX 20,061,670 1.66%

4657 ENVCONT 44,675,320 1.65%

6192 HYAS&CO. 10,234,700 1.64%

3856 REALCOM 3,871,680 1.53%

3798 ULSGROUP 22,415,500 1.47%

6757 OSGCORP 2,184,310 1.46%

I Analysis is based on SBI Japannext and Thomson Reuters data. Large Cap = TPX100, Mid Cap = TPX500 excl. TPX100,Small Cap = All Names excl. TPX500. Only Night-Time market is included

c©2016 SBI Japannext. All rights reserved. SBI Japannext is a financial instruments business operator registered to FSA and also a PTS operator authorizedby FSA under the Financial Instruments and Exchange Act in Japan. This material is provided for an informational purpose only. SBI Japannext has noresponsibilities or warranties and excludes all liability (including for negligence) in relation to its content to the extent allowed by applicable laws.