Japanese Top Dividend Payers

O-Well

Market Cap: JP¥9.5b

Supplies industrial materials and services in Japan and internationally.

GMO Media

Market Cap: JP¥9.0b

Together with its subsidiary, GMO Beauty, Inc., engages in the media, solutions, and content businesses in Japan, Singapore, and internationally.

Subaru Enterprise

Market Cap: JP¥44.4b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Mitsubishi Estate Logistics REIT Investment

Market Cap: JP¥180.3b

Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) was established on July 14, 2016 under the “Act on Investment Trust and Investment Corporation” (“Investment Trust Law”), and was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017 (securities code: 3481).

Dear LifeLtd

Market Cap: JP¥58.2b

Engages in the real estate business in Japan.

Sanso ElectricLtd

Market Cap: JP¥4.3b

Engages in the manufacturing and selling of motors, pumps, and system solution products in Japan.

KyoritsuLtd

Market Cap: JP¥8.9b

Engages in printing business in Japan.

TS TECH

Market Cap: JP¥227.7b

Engages in development, manufacture, and sale of seats for automobiles.

Bunkeido

Market Cap: JP¥7.3b

Engages in the publication and sale of books, teaching materials, and teaching material and tools for junior high schools in Japan.

Tanseisha

Market Cap: JP¥70.5b

Engages in the research, planning, design, layout, production, construction, and operation of commercial, public, hospitality, event, and business and cultural spaces in Japan and internationally.

KurimotoLtd

Market Cap: JP¥99.0b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Envipro Holdings

Market Cap: JP¥13.7b

Through its subsidiaries, engages in the resource circulation, global trading, and lithium-ion batteries recycling businesses in Japan and internationally.

System ResearchLtd

Market Cap: JP¥35.9b

Offers software development services in Japan.

Meiwa Industry

Market Cap: JP¥4.2b

Manufactures and sells automotive interior parts in Japan.

Nikkato

Market Cap: JP¥6.7b

Manufactures and sells industrial ceramics consumables in Japan.

Nippon Denko

Market Cap: JP¥40.5b

Engages in the ferroalloys, functional materials, incineration ash recycling, aqua solutions, and electric power businesses in Japan.

Natoco

Market Cap: JP¥12.4b

Manufactures and sells paints, inks, fine chemicals, synthetic resins, and related products in Japan.

Fukuda Denshi

Market Cap: JP¥189.5b

Engages in the manufacture and sale of medical instruments in Japan and internationally.

Konishi

Market Cap: JP¥82.5b

Manufactures and sells synthetic adhesives in Japan.

Mipox

Market Cap: JP¥6.3b

Provides polishing products in Japan and internationally.

Hamai Industries

Market Cap: JP¥8.3b

Manufactures and sells precision machine equipment, valves, and high-pressure gas related equipment in Japan.

Muto Seiko

Market Cap: JP¥12.0b

Engages in the manufacture and sale of plastic parts in Japan and internationally.

United Urban Investment

Market Cap: JP¥545.1b

United Urban Investment Corporation was established on November 4, 2003 in accordance with the Act on Investment Trusts and Investment Corporations (Act No.

Tokyo Tekko

Market Cap: JP¥51.6b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Bell-ParkLtd

Market Cap: JP¥31.2b

Bell-Park Co.,Ltd. provide services for information and communication devices in Japan.

NGK Insulators

Market Cap: JP¥717.7b

Manufactures and sells electric power related equipment in Japan, rest of Asia, North America, Europe, and internationally.

Macnica Holdings

Market Cap: JP¥378.1b

Imports, sells, and exports electronic components in Japan.

SK JapanLtd

Market Cap: JP¥9.6b

Plans, manufactures, and sells character stuffed animals, key chains, household goods, mobile phone accessory goods, prize products, etc.

Nippon Care Supply

Market Cap: JP¥34.0b

Engages in the rental and wholesale of welfare equipment in Japan.

Togami Electric Mfg

Market Cap: JP¥19.1b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

FALCO HOLDINGS

Market Cap: JP¥25.5b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Rion

Market Cap: JP¥32.7b

Develops, manufactures, sells and services particle counters, medical equipment and environmental equipment in Japan.

ENEOS Holdings

Market Cap: JP¥2.4t

Through its subsidiaries, operates in the energy, oil and natural gas exploration and production, and metals businesses in Japan, China, Asia, and internationally.

Dijet Industrial

Market Cap: JP¥3.3b

Engages in the manufacture and sale of cemented carbide tools worldwide.

Healthcare & Medical Investment

Market Cap: JP¥42.6b

HCM was established under the Act on Investment Trusts and Investment Corporations (Act No.

Prima Meat Packers

Market Cap: JP¥121.3b

Produces and markets hams and sausages, meats, processed foods, and other products in Japan.