Dear Taku,

Thank you for your fourth message. My comments follow.

Next, we will learn about the balance sheet. The next lesson is at:

http://www72.homepage.villanova.edu/susan.stiner/cgu/balance101.htm

Sincerely,

Prof. Sue Stiner

> Takumi Kimoto wrote:

> Dear Dr. Stiner,

> Thank you for your reply.

> homework.

> 1.This web site is Japan's securities and Exchange Commission.

> http://www.fsa.go.jp/sesc/sesc-j.html

Thanks for the web address!

> Fundamentally,Japan's Securities and Exchange Commission imitates U.S

> Securities and Exchange Commission. but United States scale is [ it ]

> larger than Japan.

> The President has direct authority over the US Securities and Exchange

Commission.

> The Financial Services Agency has direct authority over Japan's

Securities and Exchange Surveillance Commission.

> 2.This web site is Japan's stock exchanges.

> http://www.tse.or.jp/

> This has also imitated the system of U and S fundamentally.

> There are eight exchanges as well as the United States.

> However, individuals are about half of the investors in the US.

> In Japan there are more business investors.

> Individual investment is about 10%.

> Of course, a scale and power are larger than Japan.

> 3.I chose Nissinkogyo

> http://www.nissinkogyo.co.jp/ir/H13_3_a.PDF

> Nissinkogyo production any car parts and motorbike parts.

> 4Ａ.I sought of Mcdonalds of Japan financial information.

> http://www.mcdonalds.co.jp/messe

> 4B.http://www.mcdonalds.com/corporate/investor/financial info

> The American McDonalds homepage has much information.

> The amount of information that the US McDonalds shows is different from

the Japanese McDonalds.

> 5.I think the Internet includes the newest information and more

> information. The Internet helps both the corporation and the investor.

> I’m looking forward to your reply.

> sincerely Taku

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