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PRESS RELEASE: No.05
May 12, 2005
Notice of Acquisition of Treasury Stocks
(Acquisition of Treasury Stocks based on Article 210 of the Commercial Law)


It was decided at the board of directors meeting held on May 12 2005, that we will discuss acquisition of treasury stocks based on article 210 of the Commercial Law at the 144nd regular shareholders meeting to be held on June 28 2005. Thus we announce the details as follows:

1. Reason for treasury stock acquisition
To prosecute capital policy flexibly response to changes of business environment.

2. Detail of acquisition
(1) Type of shares to be acquired: SWS common shares
(2) Total number of shares
to be acquired:
1 million shares (Maximum)
(3) Value of acquired amount: 3 billion yen (Maximum)
(4) Acquisition period: Between close of the 144nd regular shareholders meeting to be held on June 28 2005 and close of the next regular shareholders meeting

(NOTICE) For above details, "The matter of acquisition of treasury stocks"" is subject to be approved at the 144nd regular shareholders meeting to be held on June 28 2005.