Japanese Too Big To Fail

ITOCHU

Market Cap: JP¥14.4t

Trades and imports/exports various products worldwide.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Inpex

Market Cap: JP¥5.7t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty insurance services in Japan and internationally.

Astellas Pharma

Market Cap: JP¥4.7t

Manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally.

Bridgestone

Market Cap: JP¥4.2t

Manufactures and sells tires and rubber products in Japan, China, India, the Asia Pacific, the United States, the Americas, Europe, the Middle East, and Africa.

Canon

Market Cap: JP¥3.9t

Develops, produces, sells, and services various printing, medical, imaging, and industrial equipment in Japan, the Americas, Europe, Asia, and Oceania.

Suzuki Motor

Market Cap: JP¥3.7t

Engages in the manufacture and sale of automobiles, motorcycles, outboard motors, electric wheelchairs, and other products in Japan and internationally.

Kao

Market Cap: JP¥2.8t

Develops and sells hygiene living care, health beauty care, life care, cosmetics, and chemical products in Japan.

Asahi Kasei

Market Cap: JP¥2.1t

Engages in material, homes, healthcare businesses.

Kawasaki Kisen Kaisha

Market Cap: JP¥1.8t

Engages in the provision of marine, land, and air transportation services in Japan, the United States, Europe, Asia, and internationally.

Unicharm

Market Cap: JP¥1.6t

Engages in the manufacturing and sale of pet care and related products in Japan and internationally.

Isuzu Motors

Market Cap: JP¥1.6t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in the production and distribution of alcoholic and non-alcoholic beverages, and food products in Japan, the Asia-Pacific, Europe, and the Americas.

Ono Pharmaceutical

Market Cap: JP¥1.2t

Produces, purchases, and sells pharmaceuticals and diagnostic reagents worldwide.

AGC

Market Cap: JP¥1.2t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

Otsuka

Market Cap: JP¥1.1t

Provides information services in Japan.

Sysmex

Market Cap: JP¥873.7b

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Nissan Chemical

Market Cap: JP¥822.7b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

USS

Market Cap: JP¥793.0b

Operates and manages used vehicle auction sites in Japan.

Sanwa Holdings

Market Cap: JP¥775.7b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Kobe Steel

Market Cap: JP¥773.6b

Engages in the materials, machinery, and electric power businesses worldwide.

TIS

Market Cap: JP¥757.5b

Provides information technology (IT) services in Japan and internationally.

Yamato Kogyo

Market Cap: JP¥743.1b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan and internationally.

NOF

Market Cap: JP¥737.3b

Manufactures chemicals in Japan.

Tosoh

Market Cap: JP¥735.9b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals.

Mitsui Chemicals

Market Cap: JP¥733.3b

Engages in the mobility, life and health care, basic and green materials, ICT, and other businesses worldwide.

Hoshizaki

Market Cap: JP¥731.8b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment worldwide.

Cosmo Energy Holdings

Market Cap: JP¥709.1b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

NH Foods

Market Cap: JP¥665.4b

Engages in manufacturing and selling ham, sausage, processed food, meat, and dairy product in Japan and internationally.

Seiko Epson

Market Cap: JP¥640.9b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

GMO Payment Gateway

Market Cap: JP¥620.9b

Engages in the provision of payment related and financial services in Japan and internationally.

AlsokLtd

Market Cap: JP¥606.3b

Engages in the electronic, stationed, and transportation security services in Japan and internationally.

MediPal Holdings

Market Cap: JP¥602.1b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Toyo Tire

Market Cap: JP¥577.9b

Manufactures and sells tires in Japan, North America, and internationally.

Santen Pharmaceutical

Market Cap: JP¥574.8b

Engages in the research and development, manufacturing, and marketing of pharmaceuticals and medical devices in Japan, China, Asia, Europe, the Middle East, Africa, and internationally.