Japanese Too Big To Fail

ITOCHU

Market Cap: JP¥12.1t

Trades and imports/exports various products worldwide.

DENSO

Market Cap: JP¥5.8t

Engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.3t

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

Komatsu

Market Cap: JP¥4.8t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Murata Manufacturing

Market Cap: JP¥4.6t

Develops, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally.

Sompo Holdings

Market Cap: JP¥4.3t

Provides property and casualty insurance services in Japan and internationally.

Suzuki Motor

Market Cap: JP¥4.0t

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

Inpex

Market Cap: JP¥3.2t

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

Kao

Market Cap: JP¥3.1t

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.0t

Operates as a trust bank in Japan and internationally.

Nippon Yusen Kabushiki Kaisha

Market Cap: JP¥2.3t

Provides logistics services worldwide.

Shionogi

Market Cap: JP¥2.3t

Researches, develops, manufactures, and distributes pharmaceuticals, diagnostic reagents, and medical devices.

Subaru

Market Cap: JP¥2.3t

Manufactures and sells automobiles and aerospace products in Japan, Rest of Asia, North America, Europe, and Internationally.

Kawasaki Kisen Kaisha

Market Cap: JP¥1.5t

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

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

Isuzu Motors

Market Cap: JP¥1.4t

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

Daito Trust ConstructionLtd

Market Cap: JP¥1.1t

Designs, constructs, and rents apartments and condominiums in Japan.

Shizuoka Financial GroupInc

Market Cap: JP¥1.1t

Provides various banking products and services.

Sanwa Holdings

Market Cap: JP¥1.0t

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

USS

Market Cap: JP¥840.1b

Operates and manages used vehicle auction sites in Japan.

Ono Pharmaceutical

Market Cap: JP¥811.3b

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

Tosoh

Market Cap: JP¥747.1b

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

Nissan Chemical

Market Cap: JP¥736.8b

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

Yakult HonshaLtd

Market Cap: JP¥720.3b

Manufactures and sells food and beverage products in Japan, the Americas, Asia, Oceania, and Europe.

Mitsui Chemicals

Market Cap: JP¥706.5b

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

Persol HoldingsLtd

Market Cap: JP¥641.2b

Provides human resource services under the PERSOL brand worldwide.

Seiko Epson

Market Cap: JP¥633.5b

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

Yamato Kogyo

Market Cap: JP¥606.5b

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

Koei Tecmo Holdings

Market Cap: JP¥600.5b

Operates as an entertainment company in Japan, North America, Europe, Asia, and internationally.

Cosmo Energy Holdings

Market Cap: JP¥589.6b

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

NH Foods

Market Cap: JP¥571.0b

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

Kurita Water Industries

Market Cap: JP¥565.5b

Engages in the provision of various water treatment solutions in North America, South America, Europe, and internationally.

MediPal Holdings

Market Cap: JP¥554.8b

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

Santen Pharmaceutical

Market Cap: JP¥529.6b

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.

Rinnai

Market Cap: JP¥512.9b

Develops, manufactures, and sells thermal equipment in Japan, the United States, Australia, China, South Korea, and Indonesia.