Today, Nippon Television Network Corporation (NTV) submitted a plan to improve its disclosure practice in the form of an "Improvement Report" to the Tokyo Stock Exchange (TSE), after conducting a concerted effort to make its improvement plans regarding the revised financial statement report and related matters which were uncovered on November 5th, 2004. We would like to disclose our remedial measures below, which were included in the report to TSE.

These guidelines are for us to implement necessary improvements, ensure adherence to compliance and provide correct and complete disclosure to prevent a reoccurrence of this nature. We ask that you read through it to understand our determination.

Taking this opportunity, we established on December 1st, a Corporate Shares Management Department under the Corporate Administration Division for the purpose of reinforcing stock-related services. We kindly ask for your continued guidance and encouragement as NTV makes every effort to provide our shareholders and investors with better services.

Kohei Manabe Representative Director & President

"Improvement Report" submitted to the Tokyo Stock Exchange (TSE) (excerpt)

1 Background
(Please allow us to omit the background part here as it is the same as what we disclosed on our website on November 17th, 2004.)

2 Remedial Measures
We profoundly regret our lack of awareness regarding the adherence to compliance, disclosure of corporate information and a portion of the statement in the documents submitted to TSE, and we apologize for having caused concern among our investors. We will make every effort to implement necessary improvements in order not to repeat this type of incident.
The main reasons of this incident are flaws in the internal management system and lack of awareness among directors and employees in the related divisions and departments of NTV regarding adherence to compliance, disclosure of corporate information and a portion of the statement in the documents submitted to TSE. Consequently, we decided to implement the following measures for the purpose of keeping every director and employee informed, and to raise our awareness of laws and ordinances, as well as to improve the review and reinforcement aspects of the internal management system.

(1) Review of the internal management system
(a) Enhancement of the authority of auditors
-We will specify the responsibility of the auditors on this matter by introducing the following clause in the regulation of the Board of Statutory Auditors as: "The auditor(s), if necessary, may require the relevant departments to investigate and report any relevant matters. In the event that any department recognizes the occurrence of any material fact, such department shall report such fact to the Board of Statutory Auditors without delay." The partial revision of the regulation will be resolved during the auditors meeting scheduled to be held in February 2005. One of the purposes of such revision is to raise awareness among directors and employees of NTV that auditors have the authority to inspect whether the necessary measures have been taken during the procedure of disclosing material information in the financial statement report and related documents and of preparing regulatory submissions, in order to encourage more appropriate disclosures.
(b) Creation of the Corporate Shares Management Department
Effective December 1, 2004, NTV created a Corporate Shares Management Department under the Corporate Administration Division. The purpose of this department is to provide more accurate and detailed stock-related services, which represents our reflection on the unsuitable practices in handling the large stockholdings report, which caused inappropriate descriptions in the financial statement report and related documents. We plan to reinforce the function of this newly created department even further by such actions as increasing the number of specialized staff.
(c) Raising directors' level of consciousness
-We will undertake training programs to strengthen and improve the awareness of directors and operating officers on the importance of compliance, information disclosure and regulatory documents. Based on this particular incident, we plan to hold the first training session during the second week of December, followed by sessions once or twice a year thereafter (including an annual training session in July following the installation of new directors).

(2) Review of daily business
(a) Establishing a comprehensive review organization for accounting-related matters
-We will create a full-time comprehensive review organization (scheduled for establishment in March 2005) to be involved in settlement of accounts (tentatively referred to as "Inter-department Liaison Committee on Settlement of Accounts"), comprising of representatives from those divisions associated with accounting, namely, the Finance, Corporate Administration and Corporate Strategy Planning & Development Divisions.
Regular review meetings will be held by the committee, prior to the end of each accounting period (interim and full-year), to check and confirm descriptions, information to be disclosed and material facts that occurred during such a period for the purpose of preparing submitted documents, such as the financial statement report. In particular, with respect to general procedures on stock-related matters, we will hold a meeting with Chuo Mitsui Trust and Banking Company, Limited, the stock transfer representative of NTV, in order to discuss and confirm problems, if any, and necessary measures to be taken. The Committee shall allow any auditor, if requested, to be present at the meeting and report to the Board of Statutory Auditors on whatever is required.
(b) Reinforcement of interdepartmental collaboration
-We have established a communication system, effective December 1st, 2004, across the related departments in order for all involved parties to simultaneously receive directives or messages from governmental agencies, such as the Kanto Finance Bureau, TSE and the Ministry of Finance.
-We will foster close collaboration among those in the Corporate Shares Management, Finance and Public & Investor Relations Departments. (Information exchange meetings will be held on a monthly basis, starting December 2004.)
(c) Closer Collaboration with Accounting Firm
-We will request our accounting auditor, Deloitte Touche Tohmatsu, to provide a list of items to be checked with respect to accounting settlements prior to the auditing by Tohmatsu, and strengthen the internal checking functions by our Finance Division.
-We will hold meetings with the accounting auditor not only for accounting settlements, but also on a daily basis, to uncover and settle any potential problems.
(d) Enhancement of awareness and skills among employees in related departments -We will consolidate the system to keep all related parties informed, and help them recognize and fully understand the latest information on regulations of financial statements, whenever revised. We will set up study groups, led by employees who are certified public accountants, to convey essential information among those in the Finance Division as well as other related departments. We plan to hold the first study group during December 2004.