Japan Bond Trading Co., Ltd. (JBT) was established through the cooperation of securities companies in 1973 to offer inter-dealer brokerage services for public and corporate bonds. Since then, we have worked steadily to contribute to the formation of fair bond prices and the improvement of market liquidity in Japan's secondary bond market.

Among our efforts, we introduced a screen trading system in 1986 which we have since continued to upgrade with a priority on stable system management, endeavoring to further strengthen JBT's intermediary functions toward the further development of the secondary bond market.

The executives and employees of JBT are committed to fulfilling their social responsibilities, maintaining a strong sense of mission to contribute to the development of financial and capital markets as well as the economy and society by offering advanced and highly reliable intermediary services.

We ask for your continued assistance and support.

Shoichi Sakakibara