December 7, 2011, Bloomberg, In their article entitled, "Deutsche Bank Said to Cut 20 Jobs in Japan as Firm Pares Costs Globally", our CEO commented on the topic.
	On September 8, 2011, Nikkei Career NET, in their article entitled, “Prospect of Financial Human Resource Market in the second half of 2011”, and our CEO was interviewed about the market situation in Japan.
	On August 10, 2011, 14th issue of the HR market for Financial Services Business in Japan was produced with the subtitles, Part 1: The quantitative analysis of a delay of the Japanese “Investment banking businesses”and the ”Asset management businesses”in Global Market, Part 2: The latest financial HR market situation in Japan.
	On August 2, 2011,Bloombrg, In their article entitled, “Morgan Stanley Japan Profit Tops Foreign Rivals, Helped by IPOs and, other businesses”, our CEO commented on the topic.
	On June 3, 2011, Bloomberg, In their article entitled "Nomura Cut Top 10 Executives' Pay 38% ," our CEO commented on the compensation of the executives of Nomura By explaining on the difference in management between Nomura and top-tier global financial institutions.
	On April 1, 2011, Nikkei Career NET,In their article entitled, "Prospect of Financial Human Resource Market in the first half of 2011", and our CEO was interviewed about the market situation in Japan.
	On February 8, 2011, Bloomberg, They referred to our HR market report-13 in their article entitled, “Global Investment Banks May Slash 3,000 jobs in Japan By 2014”, and our CEO commented on the topic.
	On February 7, 2011, 13th issue of The HR market for Financial Services Business in Japan was produced with the subtitles, Part1: Mismatch between supply and demand in employment of financial professionals in Japan, Part2: The financial HR market situation by type of financial business.
	On February 5, 2011,In their article entitled, "Foreign Financial Firms are expanding their business in Japan ―Impacts on HR & Office markets / Mismatch between supply and demand in employment", the article referred to our HR market report.
	On January 24, 2011, Kinzai Institute for Financial Affairs Inc.,In their article entitled, "The Aftermath of Global Financial Crisis―Increasing labor/ management confrontations caused by job-cuts at foreign financial firms", our CEO commented on the topic and explained about the severe employment conditions for employment at foreign financial institutions in Japan.
	On January 7, 2011, Nikkin, In their article entitled, "Wholesales strategy of three major Japanese securities firms―NOMURA's challenge for the globalization of human resources", our CEO was interviewed on the topic and explained about human capital investment by global investment banks.
	On December 6, 2010, Nikkin, In their article entitled, "Financial seminar for Global Bankers in Japan", they introduced the seminar held on Nov.29. The seminar was arranged by non-profit Society to Promote Reform of the Financial Human Resources Market and was successful being supported by ESP.
	On November 29, 2010, ESP-sponsored non-profit organization "Society to Promote Reform of the Financial Human Resources Market", arranged the seminar for managers at financial institutions in Japan. 4 renowned speakers provided suggestions for 150 participants in the seminar on how to cope with the uncertain financial circumstances. For speech of each speakers, please visit the website: http://kinyu-kaikaku.org/281#0　Speakers: Mr. Atsushi Saito, President and CEO of Tokyo Stock Exchange Group, Inc. Mr. Sadakazu Osaki, Head of Research, Center for Strategic Management and Innovation of Nomura Research Institute, Ltd. Ms. Naoko Nemoto, Managing Director, Financial Institutions Ratings of Standard & Poor's Mr. Yasuo Kuramoto, Director and Vice Chairman of Fidelity Japan Holdings K.K.
	On November 27, 2010, Weekly Diamond,In their article entitled, "Career of Bankers at foreign financial institutions in Japan", our CEO commented on the current compensation level, budget, job-cuts etc. at the Japanese financial firms.
	On November 17, 2010, Bloomberg,In their news entitled , "Global Bankers to Meet in Tokyo as Japan Business Outlook Dims", they introduced the seminar on Nov.29 organized by the non-profit Society to Promote Reform of the Financial Human Resources Market. The seminar is planned to provide suggestions with bankers on how to cope with the uncertain financial circumstances. Our CEO ＆ vice chairman of the non-profit society explained about the purpose of the seminar.
	On October 29, 2010, Nikkei Career NET,In their survey entitled, "Career Changes after Lehman shock in financial HR market in Japan", our CEO was interviewed on the situation of foreign financial firms.
	On October 2, 2010, "Wake Up Plus" Yomiuri TV,The TV aired a program entitled, "Japan-Passing〜Why foreign countries are passing through Japan", the program introduced our HR market report-12 and our comments on the Japan-Passing at foreign financial firms.
	On September 10, 2010, Nikkin,They referred to our HR market report-12 in their news entitled, "Foreign Financial Firms have reduced staff in Japan by 16.7 percent in the past 2 years. Some of them are launching another round of restructuring", our CEO explained about the HR market at foreign financial institutions in Japan.
	On September 3, 2010, Nikkin,In their news entitled, "Japanese financial firms are required to develop new strategy to their involvement to the Asian market expansion", our CEO commented on the differences in the salary system between Japanese megabanks and Europe/U.S. financial firms.
	In August 2010, 12th issue of The HR market for Financial Services Business in Japan was produced with the subtitles, Part1: Decreasing commitments to the Japanese market by foreign financial firms, Part2: The HR market situation at financial firms in Japan, Part3: Performance analysis on major financial firms in the U.S and Europe.
	On August 11, 2010,Reuters, They referred to our HR market report-12 in their news entitled, "Foreign Financial Firms have reduced staff in Japan by 17 percent in the past 2 years. They may launch another round of restructuring", our CEO explained about the HR market at foreign financial institutions in Japan.
	On August 10, 2010, Bloomberg, They referred to our HR market report-12 in their news entitled, "Investment Banks to Deepen Staff Cuts in Japan, Recruiter Says", our CEO explained about the possibility of further job cut in Japan and deploying staff to expanding Asian markets.
	On August 10, 2010, Nikkei Shinbun, They referred to our HR market report-12 in their article entitled, "Foreign Financial Firms have reduced staff in Japan by 17 percent in the past 2 years", our CEO explained about the situation at foreign financial institutions.
	On June 30, 2010, Bloomberg,In their news entitled,　"Deutsche Bank Hires Four Bankers for Japan Turnaround", Our CEO explained about current situation of the restructuring business. Foreign financial banks are starting to target mid-sized companies in Japan as they have needs for solutions and Japanese banks have less expertise for the business.
	On June 4, 2010, Bloomberg,In their news entitled,　”Daiwa Executive Pay Rises 36%, Lags Behind Nomura”, Our CEO explained about the difference for compensation strategy between the two companies. Nomura considers compensation as investment to promote investment banking and Daiwa as expenses for retail business.
	On April 27, 2010, Bloomberg. In their news entitled, "Nomura Defections Damage Bid to Catch Up With Global Rivals", the article explains about departures of many ex-Lehman professionals after bonus payments. Our CEO explained about the gap in cultures between Nomura managers and ex-Lehman people.
	On March 11, 2010, Asahi Shinbun. In their news entitled, "Intensifying Japan-Passing move by global investment banks in Japan", the artisle referred to our HR market report and our CEO explained the current human capital situation of foreign financial institutions in Japan.
	On March 8, 2010, Bloomberg. In their news entitled, ”Nomura’s Asia Equity Head Thorkelsson Quits for Rival”, our CEO commented on the possibility of continuous outflow of human capital at Nomura’s overseas offices.
	On February 24, 2010, Bloomberg. In their news entitled,”Nomura Triples Salaries for Some University Graduates”, our CEO commented on the topic.
	On February 2, 2010, Bloomberg. In their news entitled,”KBC Group May Sell Its Japanese Brokerage Unit”, our CEO explained the current situation of Japan-Passing by foreign brokerages.
	In January 2010, 11 th issue of The HR market for Financial Services Business in Japan was produced with the subtitles, Part 1: The present circumstances of the HR market at foreign financial institutions in Japan, subtitled with “After the restructuring caused by Leman Shock - Isn’t Investment Bank necessary in Japan?” Part 2: Study of Labor Laws related to HR restructuring occurring at foreign financial institutions in Japan (No.4)
	On December 19, 2009 Weekly Toyo Keizai. The magazine wrote an article "The situation of Ara-Saa, who is aged around 30 years, working at foreign financial firms in Japan." They referred to our HR report, and our CEO explained the current hiring needs after massive restructurings in the foreign financial institutions.
	On November 9, 2009 Newsletter on Funds & Money It reported that the number of employees of the asset management firms in Japan is about 70,900 at the end of this June and the number remained unchanged from the previous year. Our CEO commented that most of the asset management firms still take conservative stance of hiring being wary of possible another downturn in economy.
	On October 15, 2009 Bloomberg.com In their news entitled, "Nomura, Mizuho Dash Hopes of Japanese Graduates in 1990s Redux" , our CEO commented on the topic and expressed his concern on the risk of short staff at Japanese financial institutions when the financial market recovers.
	On September 21, 2009 Nikkin Report. In their news entitled , "Lessons learned from Lehman Shock ― bankers at global financial institutions show cool stance on compensation regulations" , our CEO commented on the topic.
	On September 19, 2009 Weekly Diamond. In its article entitled,”The drastic restructuring at the foreign financial institutions after the Crisis – situation of financial employees after having lost their jobs“, the magazine referred to our HR market report-10 and our CEO commented on the topic.
	On September 12, 2009 Nikkei Shinbun referred to our market report of 10th issue for their article entitled, “The restructuring by foreign securities firms in Japan has come to a pause”.
	In September 2009, 10 th issue of The HR market for Financial Services Business in Japan was produced with the subtitles, Part 1: The present circumstances of the HR market at foreign financial institutions in Japan, subtitled with “what has financial business society learned since Leman Shock bust out a year ago?” Part 2: Study of Labor Lows related to problems frequently experienced by financial professionals (No.3)
	On August 11, 2009 Nikkei Shinbun In their news entitled “Overseas Financial Firms Once Again Expanding Japan Ops”, our CEO expressed his view on the topic.
	On July 24, 2009 Weekly Nikkin In their news entitled “Foreign Financial Firms Restart Hiring” , our CEO commented on the topic and explained the human capital situation of the foreign financial firms in Japan.
	On July 15, 2009 NHK World The TV aired a program entitled, “The Situation of Restructuring in Japan” and the program referred to our analysis on the financial HR market.
	On June 25, 2009 Bloomberg.com In their news entitled “ING Said to Offer 20-Month Severance Pay as It Cuts Japan Jobs ” , our CEO commented on the topic and explained about the practice of severance pay conditions at the foreign financial companies.
	On June 1, 2009 AERA The magazine wrote an article entitled, “Unusual New Salary System of Nomura Securities” and our CEO commented on the current restructuring moves at the foreign financial institutions in Japan.
	On May 27, 2009 Bloomberg.com In their news entitled “Bank of America Plans to Expand Japanese Equity Business and Hires Staff” , our CEO commented on the topic and explained the current HR market at Japanese banks and insurers.
	On May 26, 2009 Bloomberg.com In their news entitled “Barclays May Hire Up to 65 Bankers for European M&A” , our CEO expressed his view on the background of the hiring.
	On April 21, 2009 "Keizai-Saizensen"NHK BS-1 The TV aired a program entitled,“The situation of restructured foreign financial employees”. Our CEO explained the severe circumstances of financial HR market, and program introduced ESP.
	On April 15, 2009 Mainichi Shinbun The paper referred to our report for their article entitled,“The foreign financial firms cut 3,000 jobs in the past half year after the Lehman Brothers Shock”.
	On April 8, 2009 Tokyo Shinbun The paper referred to our HR market report for their article entitled,“The foreign financial firms cut 4,315 jobs”.
	On April 8, 2009 Chunichi Shinbun The paper referred to our HR market report for their article entitled,“The foreign financial firms cut 4,315 jobs”.
	On April 7, 2009 Bloomberg.com They referred to our HR market report in their news entitled,“Pink Slip Party Comes to Tokyo Bar Where Lehman Bankers Drank”. Our CEO explained his view on the future prospects of more job cuts in the financial firms.
	On April 6, 2009 KYODO NEWS They distributed the summary of our HR market report to their subscribers at their article entitled,“Foreign financial institutions in Japan slash 15% of total jobs”.
	On April 2, 2009 Nikkei Shinbun referred to our research report for their article entitled, “The foreign financial firms cut 15% Japanese jobs in Japan” and our CEO expressed his view on the future prospects of the human capital situation of the foreign financial institutions in Japan.
	In March 2009, 9th issue of The HR market for Financial Services Business in Japan was produced with the subtitles, Part1:Present state of the restructuring in foreign financial institutions in Japan (No.3) and Part2:Study of Labor Lows related to problems frequently experienced by financial professionals (No.2).
	On January 26, 2009 Nikkei Business wrote an article entitled, “Accelerate the pace of restructuring in ‘double troubled’ foreign financial institutions” and referred to our special report on the present situation of restructuring.
	On January 25, 2009 Nikkei Veritas wrote an article entitled, “Restructuring sweep across the foreign financial institutions in Japan”. They referred to our research and our CEO commented the future prospects of restructuring in foreign financial institutions in Japan.
	On January 17, 2009 　Weekly Toyo Keizai wrote an article for young business persons entitled, “How to learn to make a dramatic business improvement” and referred to our research. Our CEO was asked for his comments on the future prospect of restructuring in foreign financial institutions.
	On December 28, 2008 Asahi Shinbun wrote an article entitled, “Foreign investors withdrawing from Japanese market” and referred to our emergency report on the present situation of restructuring in foreign financial institutions in Japan.
	On December 27, 2008 Yomiuri Shinbun wrote an article entitled, “Mizuho Investors Securities to cut 200 jobs via early retirement” and referred to our latest research on the present situation of restructuring in foreign financial institutions in Japan.
	On December 22, 2008 The Nikkei Weekly referred to our emergency report for their article entitled, “Foreign financial firms cut 11% Japanese jobs” and our CEO explained the future prospects of foreign financial institutions in Japan.
	In December 2008, the extra issue of the market report entitled, the present situation “after Lehman Shock” of restructuring in foreign financial institution in Japan was produced.
	On December 18, 2008 Nikkei Shinbun referred to our research report for their article entitled, “The foreign financial institutions cut 3100 jobs in Japan” and our CEO explained the future prospects of the foreign financial institutions.
	On November 22, 2008 Weekly Toyo Keizai wrote an article entitled, “Hiring selection - starting HR survival age” and our CEO was asked for his comments on the tough situation of HR market in foreign financial institutions.
	On November 10, 2008 Our CEO wrote an article for Kinyu Zaisei Jijyo entitled, “A proposal to develop human resources who can be accepted as professional in the world financial market”
	On November 8, 2008 Nikkei Shinbun wrote an article entitled, “Restructuring of human resources is further conducted at the foreign financial institutions” and referred to our research.
	On October 23, 2008 Weekly Bunshun wrote an article entitles, “Withdrawal of the foreign institutions from Japan caused problems to various businesses in Japan”, and referred to our research.
	On October 21, 2008 Nikkei Shinbun wrote an article entitled, “Barclays Japan hires 100 employees from Lehman Tokyo”, and referred to our research.
	On October 13, 2008 Kinyu Zaisei Jijyo wrote an article entitled, “Collapsed U.S.-style financial capitalism” and referred to our research.
	On October 11, 2008 Weekly Toyo Keizai wrote an article entitles, “The storm of restructuring sweep across the financial institutions in Japan”, and our CEO explained the current situation of restructuring in foreign financial institutions caused by subprime problem.
	On October 5, 2008 Nikkei Veritas Our CEO commented for the column, “Inside”, on the current situation of foreign financial HR market after Lehman Shock.
	On October 5, 2008 Sunday Mainichi wrote an article entitled, “Lehman shock, 10 crises on Japanese market.” Our CEO was asked for his comments on the situation of financial HR market caused by subprime problem.
	On September 24, 2008 Mitsubishi Research Institute published the book entitled, “The Tokyo Financial Center Strategies.” Our CEO commented on the column for the necessity of reform Japanese financial HR market to improve the presence of Tokyo market.
	On September 22, 2008 TV Tokyo “World Business Satellite” aired a program entitled, “Growing unrest ripples out to the office and staffs”. Our CEO explained the impacts on financial HR market caused by subprime problem, and the program introduced ESP.
	On September 19, 2008 Nikkan Gendai wrote an article entitled, “Mental toughness of restructured foreign financial employees” and referred to our research.
	On September 13, 2008 Weekly Diamond wrote an article entitled, “Dark clouds on attractive high salaried foreign financial institutions”, and our CEO commented on the current situation of restructuring in foreign financial institutions caused by subprime problem.
	On September 1, 2008 Nikkei Shinbun wrote an article entitled, “Ongoing credit shrinkage in the real estate market” and referred to our research.
	On September 1, 2008 Kinyu Zaisei Jijyo wrote an article entitled, “The foreign financial institutions had over 1000 job cut in the past years in Japan” and referred to our research.
	On August 25, 2008 Nikkan Gendai (evening paper) referred to our research report of 8th issue for their article entitled, “The foreign financial institutions laid off 1109 employees in the past years”
	On August 25, 2008 Asahi Shinbun referred to our research report of 8th issue for their article entitled, “The foreign financial institutions laid off 1109 employees in the past year in Japan”
	In August 2008, the 8th issue of the HR market for Financial Services Business in Japan was produced with the subtitles, Part 1: Present state of the restructuring in foreign financial institutions in Japan and Part 2: Present state of the HR market in Asia
	On July 31, 2008 Our CEO commented for their article of Asahi Shinbun entitled, “Worsening financial situation threatens foreign financial workers”
	On July 21, 2008 Our CEO commented for their article of Nikkei Business entitled, “The second round of US financial crisis accelerate the pace of restructuring in Japan”
	On July 15, 2008 Our CEO was interviewed for the article of the August issue of Type Magazine entitled, “The chances to make a major career move in the financial industry”
	On July 5, 2008 At the seminar, “CFA Career Day”, hosted by CFA Society of Japan, our CEO explained the advantages of obtaining of CFA（Chartered Financial Analyst）qualification for one’s career development.
	On May 16, the establishment ceremony of a non-profit organization was held at Hotel New Otani sponsored by ESP. About 100 people brought together, and we have a number of opinion leaders from finance, government and media, like Atsushi Saito, president & CEO of Tokyo Stock Exchange Group, etc.
	On May 1, ESP moved its main office to Hirakawa-cho in Chiyoda-ku. It was to accommodate the increased number of staff to meet the growing expectation for ESP’s role in the Japan’s financial human resources market.
	On April 1, ESP established a non-profit organization named “Society to Promote Reform of the Financial Resources Market”, supported by the people sharing the same mission. ESP and the NPO will cooperate to advocate the mission in the market.
	On March 10, Our CEO commented for their article of Tokyo Shinbun entitled, “Counterattack by 30’s, who suffered from the hiring ‘ice age’”
	In February 2008, the 7th issue of The HR market for Financial Services Business in Japan was produced with the sub-titles, Part 1: The job-switching market given significant impact by Subprime loan problem and Part 2: Study of Labor Lows related to problems frequently experienced by financial professionals
	On January 8, 2008 Weekly Diamond published the book entitled, “Diamond Salary Databook” and referred to comments by our CEO.
	On Oct. 25, 2007 TV Tokyo, “World Business Satellite” aired a special program, “Japanese financial market going down in the global financial market”. Our CEO was asked for his comments, and the program introduced ESP on its proposal “the creation of financial job-switching market”.
	On Oct. 22, 2007 GQ Japan made up a feature article on the question “Do businesspersons get less productive after 35 years of age?” Our CEO commented on the topic with his observation on financial professionals.
	In August 2007, the 6th issue of The HR market for Financial Services Business in Japan was produced with the sub-titles, Part 1: The HR market for Japan’s financial services under the global “excess liquidity” and Part 2: ESP’s proposal for creating “the legitimate financial job-switching market in Japan” for Japan’s financial services sector
	On Aug. 25, 2007 Our CEO was interviewed by Weekly Toyo Keizai and talked passionately about “reformation necessary at the HR market for the financial sector in Japan”.
	On Aug. 24, 2007 Our CEO was interviewed by Weekly Nikkin at its article, “Dramatically changing human resources market for the financial services in Japan”, criticizing Japanese banks for their HR strategy as market globalization advances.
	On July 15, 2007 Our CEO was interviewed by a business magazine, Type at its article, “Interviews with top HR managers” and explained what young bankers should pay attention to in their career development.
	On July 17,2007 ESP declared in Nikkei Kinyu Shinbun its commitment to expect itself to create “true” job changing market for the Japanese financial services business since we believe switching jobs has not been pursued as properly as in the other “markets”.
	On Apr. 3, 2007 Fuji-Sankei Business Eye interviewed our CEO for their article entitled, “Current situation on financial human resources market”, and introduced ESP and the mission he set to himself and ESP．
	ESP took various measures to hire the firm’s staff including consultants and researchers in order to facilitate ESP’s expanding operation.