Tokyo, February 9, 2007 - CSK Holdings Corporation ("CSK") announced today that it had established CSK-RB Securities Corporation ("CSK-RB Securities"), a wholly owned CSK subsidiary with the objective of contributing to the expansion of regional banks' securities business through the provision of comprehensive securities services. Furthermore, on February 7, 2007, CSK-RB Securities submitted an application for registration as a securities business provider to the Kanto Local Finance Bureau in accordance with Article 28-2 of the Securities and Exchange Law.

The establishment of CSK-RB Securities is part of CSK Group's transformation of its business structure from being a conventional IT services provider to being a comprehensive service provider utilizing existing IT expertise.

1. Background

Judging from recent trends in individual investment and the rapid increase in the amount of net assets in investment trusts, it is clear that the shift from savings to investment advocated in Japan's Program for Further Financial Reform is fully underway, and a willingness to tolerate risk in asset management is steadily taking root among individuals.

At regional banks, which feel the necessity to offer market intermediation services in their regions, changes in systems and operations—such as implementation of the Financial Instruments and Exchange Law and the introduction of the paperless shares system—mean that they feel an increasing urgency to put in place the specific systems necessary to offer customers securities business-based comprehensive financial services.

2. Objective

CSK-RB Securities aims to contribute to expanding securities business at regional banks through the provision of comprehensive securities services.

The new company will provide support for regional banks in establishment of subsidiaries, product planning, product provision, sales and training support, as well as CSK Group's existing services for securities businesses—securities systems, securities administration, and investment information—in a unified and comprehensive manner. CSK Group had in the past been building relationships of trust with financial institutions, particularly focusing on the IT field, but by being fully involved in the securities business itself, which is highly important for regional banks, it aims to develop more stable and more mutually beneficial cooperative relations with regional banks.

3. Outline of CSK-RB Securities

4. Impact on financial results

The impact exerted on CSK's financial results by the establishment of CSK-RB Securities and the application for securities business registration will be immaterial.

5. Other comments

CSK-RB Securities has submitted an application for securities business registration to the Kanto Local Finance Bureau, but as of now there is no guarantee that this application will be approved.

Appendix: Concept behind CSK-RB Securities

In the rapidly changing investment environment, it is crucial that regional banks develop and maintain close relationships with their customers. In order to create an environment where these banks can select the most effective products and services for developing and maintaining these relationships, CSK-RB Securities will develop systems enabling them to carry out the following functions:

• Provision of processing functions
  Providing functions and services such as securities systems enabling smooth and appropriate start to securities business by regional banks, securities administration, investment information, training support
  
  
• Creation of product provision system
  Identifying the needs of regional banks, encompassing both regional banks' sales targets with respect to asset management and the needs of their customers, and from a neutral position, providing in a timely manner product provision information and suitable financial products of companies with a proven track record in product provision