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## Operational Data 

Daiwa Securities Group Inc. and Consolidated Subsidiaries 

<img src='content_image/226495.jpg'>

* As of the end of each fiscal year 

## Consolidated Capital Adequacy Ratio 

<img src='content_image/226496.jpg'>

Notes: 1. Market and Operational Risk hereunder is computed by multiplying each risk amount by 12.5 (the reciprocal of 8%). 

2. Consolidated Capital Adequacy Ratio hereunder is calculated under the principle of Financial Service Agency Public Notice 130 of the Financial Instruments and Exchange Act (Article 57-17-1). 

