Tokyo Stock Exchange Dividend Focus 100 Index (New Index Focused On Dividend Yield) Methodology

The Tokyo Stock Exchange will calculate and publish a new dividend yield-focused index called "Tokyo Stock Exchange Dividend Focus 100 Index " to satisfy the diverse needs for stock price indices in the market that the exchange intends to launch in autumn as announced on January 25, 2010.

The Tokyo Stock Exchange Dividend Focus 100 Index is an index which places focus on the estimated dividend yields of its constituent issues. The index will be made up of the top 100 issues (90 stocks, 10 REITs) which have large market capitalization and high estimated dividend yield, out of constituent issues of the TOPIX 1000 and Tokyo Stock Exchange REIT Index.

Details on the indices are as follows.

1. Overview

Name of Index	Tokyo Stock Exchange Dividend Focus 100 Index
Constituent Issues	100 issues (90 stocks, 10 REIT issues), based on market capitalization and estimated dividend yield, selected from the constituent issues of TOPIX 1000 and Tokyo Stock Exchange REIT Index which settle accounts in March, June, September, or December.
Index Calculation	Optimization factor adjusted market capitalization weighted index
Base Date/ Base Value	Friday, February 26, 2010 / 1,000 points
Launch Date	Monday, March 8, 2010
Total Return Index	Available
Calculation Interval	Real-time distribution via TSE Market Information System (MAINS) (every 15 seconds) to securities companies, information vendors, etc. (excluding Total Return Index)

Methodology details are as follows:

(Appendix 1) Methodology of Tokyo Stock Exchange Dividend Focus 100 Index

2. Constituents for the Tokyo Stock Exchange Dividend Focus 100 Index

Constituents for the Tokyo Stock Exchange Dividend Focus 100 Index is attached

(Appendix 2) Constituents for the Tokyo Stock Exchange Dividend Focus 100 Index

Constituents for the Tokyo Stock Exchange Dividend Focus 100 Index

3. New Data Service

(1) Index value (price return Index)

Information on the indices will be transmitted on a real time basis (every 15 seconds) through the TSE Market Information System (MAINS)
Tokyo Stock Exchange Dividend Focus 100 Index daily closing basis is shown on TSE's website (Excel format. The data of the previous day is available at 4 p.m.(GMT+9). Historical data(Jan 31,2007 – Mar. 5 2010) will be published in mid-March 2010.

Index value
* published in 3.(2)

(2) Index data service (component stocks, total return index etc.)

Information on " Tokyo Stock Exchange Dividend Focus 100 Index " will be provided through the new " Tokyo Stock Exchange Dividend Focus 100 Index data service"

Name	Tokyo Stock Exchange Dividend Focus 100 Index data service
Menu	Price return index Code, Date, Index name, Index Level, Change (%), Change (Point),Base Market Value, Market Value, Numbers of Constituent Total Return index Same as price return index Information on the Index Constituents Date, Code, ISIN, Issue, Section, Industrial classifications, Listed shares, Price, Market Cap.　coefficients
Method of access	Send E-mail (Daily)
Monthly fee	Please contact us

TSE will announce the details on the historical data for the "Tokyo Stock Exchange Dividend Focus 100 Index" at a later date.