Description Tokyo Term Risk Free Rate (TORF) is a Japanese yen short-term interest rate calculated and published by QUICK Benchmarks Inc. (QBS). TORF is one of the alternative benchmarks to replace the London Interbank Offered Rate (LIBOR), and is designated as a “Specified Financial Benchmark” stipulated by the Financial Instruments and Exchange Act. It is calculated based on the data of derivative transactions whose underlying asset is the “uncollateralized overnight call rate,” which contains almost no credit risk of financial institutions. Like other interest rate benchmarks such as LIBOR, TORF has a feature in that the rate is fixed as of the start of the interest rate calculation period. Today, it is widely used by financial institutions around the world as the base interest rate for loans with Japanese yen interest rates and derivatives transactions. For more information, please see below. https://corporate.quick.co.jp/en/torf * Use of TORF requires a license agreement with QUICK.

Description QUICK Equity Risk Premium is a service that provides the cost of shareholder’s equity calculated by QUICK (QUICK Cost of Shareholders’ Equity), as well as various parameters necessary for calculating factor models. The QUICK Cost of Shareholders’ Equity is calculated backward from the market stock prices by combining a stock valuation model (discounted residual income model) and the factor models (the Fama-French 3-factor model, and the QUICK 4-factor model with the addition of an insolvency risk factor). This data can be used to confirm the level of shareholder’s equity costs of listed companies, calculate WACC, and evaluate whether stock prices are overvalued or undervalued.

AIoT Cloud Inc., a wholly owned subsidiary of Sharp Corporation (Sharp), supports various companies’ marketing activities by utilizing lifestyle data acquired from AIoT*1 home appliances. Geolocation information obtained through the smartphone app with users’ prior permission is statistically processed to provide data in a manner that individuals cannot be identified. Location information is obtained with the app running constantly in the background.*2 The composition of the users’ residential areas is similar to the population distribution in Japan. Statistical data can be used to forecast the performance of companies in a given area. *1 “AIoT” is a vision of combining artificial intelligence (AI) and the Internet of Things (IoT) to connect everything with AI in the cloud, transforming it into an entity closer to people. “AIoT” is a registered trademark of Sharp. *2 Except when a smartphone is turned off.

Description Summary Various corporate performance data in addition to monthly sales Point 1. Reveal company business performance, without waiting for quarterly results 2. Different perspective from income statement 3. Cover 25 industries Data Items (Example) ･Net sales ･Same-store sales ･Number of stores ･Number of subscribers etc. Data Collection & Process Method QUICK collects these data from companies' IR websites, standardizes into a text format. Case Study Reading Future Financial Results for Food Service Industry Reading Future Earnings Revisions

Description TONA Averages and TONA Index are the benchmarks published by the Bank of Japan that are calculated by compounding the uncollateralized overnight call rate. TONA is one of the alternative interest rates to the Japanese Yen LIBOR. However, when used as the substitute, it must be compounded using the daily TONA. Through the use of TONA Averages and TONA Index, market participants can share the daily compounded TONA levels and reduce the burden involved in calculation and reconciliation. TONA Averages Interest rates derived from the daily compounded TONA for the period starting exactly 30 days, 90 days, and 180 days prior to the reference date of the benchmark (each business day) until the reference date TONA Index Asset valuation on the reference date assuming the asset is managed using TONA, with 100 as of June 14, 2017 (the date on which the Bank of Japan established “Uncollateralized Overnight Call Rate Code of Conduct”) *By specifying the start and end dates, the interest rate compounded by TONA for any given period can be calculated from the historical data of the TONA Index.

Description Detail Breakdown Trading Data comprises the daily trading value and volume (for regular trading sessions on the TSE market) of each TSE-listed issue, complied and fragmented into the cash transaction, margin transaction, and short selling categories. Investors enter such attribute information when placing orders, and thus, JPX Market Innovation & Research aggregates the flags and provides data on trading values and trading volumes. Generally, the outstanding margin trading volume of each issue is announced weekly except for the issues subject to daily publication. However, using Detail Breakdown Trading Data allows for estimating the daily outstanding margin trading volumes for all issues.

Description QUICK FactSet Workstation is designed by integrating Japanese market data by the Nikkei Group into FactSet Workstation. This content Includes real-time news and financial data from Nikkei and unique data sets from FactSet. A wide range of applications enables more efficient workflow for professionals. Brand URL https://www.factset.com/