Tokyo Stock Exchange Requested Kabu.Com Securities Co., Ltd. To Submit Business Improvement Report

TSE requested kabu.com Securities Co., Ltd. (Kabu.com Securities) to submit business improvement report as to correction of the misconduct concerned, clarify locus of responsibility, secure strict compliance by the directors and staff, improvement of customer management and the total check of customer management rules.

From January 20 to February 28, 2003, Kabu.com securities accepted and executed securities transaction orders without verifying customers' identity although kabu.com Securities doubted those customers had been disguised as account holders.

The conduct above was found to have violated, Article 3(1) of the law concerning the verification of the financial institutions' customer identify.