Japanese Top Dividend Payers

Oricon

Market Cap: JP¥10.7b

Designs and operates websites.

Br. Holdings

Market Cap: JP¥14.8b

Through its subsidiaries, engages in the construction business in Japan.

Daiwa Securities Living Investment

Market Cap: JP¥275.5b

The Investment Corporation was established on October 7, 2005, based on the provisions of the Act on Investment Trusts and Investment Corporations (Act No.

Joshin Denki

Market Cap: JP¥67.1b

Operates an electrical appliance retail and ancillary business in Japan.

San-Ai Obbli

Market Cap: JP¥127.9b

Engages in the wholesale and retail of petroleum products and liquefied petroleum (LP) gas.

Nomura Real Estate Master Fund

Market Cap: JP¥780.1b

Nomura Real Estate Master Fund, Inc. (NMF) is a wholly owned subsidiary of the former Nomura Real Estate Master Fund Corporation (hereinafter referred to as the "Former NMF") and Nomura Real Estate Office Fund Investment Corporation (hereinafter referred to as "NOF") and Nomura Real Estate Residential Investment Corporation (hereinafter referred to as "NRF") will be the dissolved corporations in the consolidation-type merger.

EPCOLtd

Market Cap: JP¥7.0b

Provides construction and equipment related design services in Japan.

Rasa

Market Cap: JP¥17.9b

Trades in and supplies various products in Japan, Singapore, China, Thailand, Asia, and internationally.

Honyaku Center

Market Cap: JP¥6.3b

Provides translation services in Japan and internationally.

Industrial & Infrastructure Fund Investment

Market Cap: JP¥379.7b

IIF was established on March 26, 2007 based on “Act on Investment Trust and Investment Corporation” (hereinafter referred to as “Investment Trust Law”) and became listed on the J-REIT market of the Tokyo Stock Exchange on October 18, 2007 (ticker code: 3249).

SRA Holdings

Market Cap: JP¥64.3b

Engages in the provision of IT consulting, system construction, operation services, products, and solutions in Japan and internationally.

Saibu Gas HoldingsLtd

Market Cap: JP¥69.4b

Produces, supplies, and sells natural gas in Japan.

Heiwa Real Estate REIT

Market Cap: JP¥198.6b

HEIWA REAL ESTATE REIT, Inc. (“HEIWA REAL ESTATE REIT”) was established on January 31, 2002 as an investment corporation under the Act on Investment Trusts and Investment Corporations (Act No.

Sun-Wa Technos

Market Cap: JP¥42.5b

Engages in the distribution of electrical machinery, electronics, and general machinery in Japan and internationally.

Taisei Oncho

Market Cap: JP¥26.2b

Engages in the design and construction management of air conditioning, water supply and drainage sanitation, and electrical equipment and general building construction businesses in Japan.

Mars Group Holdings

Market Cap: JP¥55.8b

Engages in the manufacture, sale, and provision of services for peripheral devices for amusement-related facilities in Japan.

Zeon

Market Cap: JP¥327.6b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Sanyo Trading

Market Cap: JP¥44.0b

Through its subsidiaries, engages in the rubber, chemical, green technology, industrial products, and life science businesses in Japan and internationally.

Central Glass

Market Cap: JP¥80.4b

Engages in the chemical and glass businesses in Japan, Asia, Europe, and internationally.

Nippon Seiki

Market Cap: JP¥109.3b

Engages in the manufacture and sale of instruments for automobiles, motorcycles, agricultural and construction machines, and marine instruments in Japan, the Americas, Europe, and rest of Asia.

Sangetsu

Market Cap: JP¥179.9b

Engages in the planning, development, manufacture, sale, and installation of interior decorating products in Japan and internationally.

SPARX Group

Market Cap: JP¥59.2b

A publicly owned asset management holding company.

BELLSYSTEM24 Holdings

Market Cap: JP¥99.9b

Provides outsourcing, technology, and consulting services related to customer relationship management solutions (CRM) primarily in Japan.

RhythmLtd

Market Cap: JP¥27.3b

Manufactures and sells clocks in Japan.

Shinagawa Refra

Market Cap: JP¥86.2b

Engages in the manufacture and sale of refractory products in Japan and internationally.

Sanyo Chemical Industries

Market Cap: JP¥100.7b

Manufactures and sells chemical products in Japan.

Bunkeido

Market Cap: JP¥7.4b

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

Mikuni

Market Cap: JP¥11.9b

Manufactures and sells automobile related products in Japan and internationally.

Daicel

Market Cap: JP¥335.5b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Suzuyo Shinwart

Market Cap: JP¥8.5b

Operates as an information services company.

AOKI Holdings

Market Cap: JP¥138.6b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Kikusui Chemical Industries

Market Cap: JP¥4.9b

Engages in the manufacture and sale of functional, architectural finishing, construction, and civil engineering materials primarily in Japan.

Japan Excellent

Market Cap: JP¥191.6b

Japan Excellent, Inc. (hereinafter, “JEI”), established on February 20, 2006 under the Law Concerning Investment Trusts and Investment Corporations of Japan (the “Investment Trust Law”), is a real estate investment corporation which primarily invests in office buildings.

Tanseisha

Market Cap: JP¥62.5b

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.

Akita Bank

Market Cap: JP¥66.6b

Provides banking and other financial services in Japan.

Globeride

Market Cap: JP¥50.0b

Manufactures and sells sports and leisure products in Japan, the United States, Europe, Asia, and Oceania.