Japanese Top Dividend Payers

WILLCo.Ltd

Market Cap: JP¥5.9b

Engages in manufacture and sale of precision machined components using CNC lathe in Japan and internationally.

SRA Holdings

Market Cap: JP¥58.1b

Engages in systems development, operation/administration, and product solutions marketing businesses in Japan and internationally.

Fujii Sangyo

Market Cap: JP¥28.3b

Engages in the sale of electrical construction materials, electrical equipment, machine tools, information equipment, and civil engineering and construction machinery in Japan.

Sanyo Chemical Industries

Market Cap: JP¥94.6b

Manufactures and sells chemical products in Japan.

Nippon Seiki

Market Cap: JP¥98.1b

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

Heiwa Real Estate REIT

Market Cap: JP¥186.1b

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.

PS Construction

Market Cap: JP¥86.7b

Engages in the civil engineering and architecture businesses in Japan and internationally.

Industrial & Infrastructure Fund Investment

Market Cap: JP¥326.7b

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).

Aida Engineering

Market Cap: JP¥50.8b

Manufactures and sells press machines, auto-processing lines, industrial robots, auto-conveyers, and dies in Japan, China, rest of Asia, the Americas, and Europe.

Shinagawa Refractories

Market Cap: JP¥87.3b

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

SPARX Group

Market Cap: JP¥61.5b

A publicly owned asset management holding company.

Taiyo KagakuLtd

Market Cap: JP¥35.3b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

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.

AOKI Holdings

Market Cap: JP¥149.9b

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

Kikusui Chemical Industries

Market Cap: JP¥5.0b

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

Dynic

Market Cap: JP¥7.8b

Produces and sells fabric and apparel products in Japan.

Mino Ceramic

Market Cap: JP¥11.9b

Designs, produces, and sells refractories and advanced ceramics in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥51.3b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Kanda HoldingsLtd

Market Cap: JP¥18.1b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

Sakai Moving ServiceLtd

Market Cap: JP¥117.2b

Provides moving transportation and ancillary services in Japan.

Daido Steel

Market Cap: JP¥250.2b

Manufactures and sells steel products in Japan and internationally.

Toukei Computer

Market Cap: JP¥73.2b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

AJIS

Market Cap: JP¥24.9b

Provides inventory and other retail support services in Asia.

Mansei

Market Cap: JP¥9.8b

Provides electronic products in Japan.

Takeda Pharmaceutical

Market Cap: JP¥6.9t

Engages in the research, development, manufacture, marketing, and out-licensing of pharmaceutical products in Japan and internationally.

Shofu

Market Cap: JP¥70.8b

Manufactures and sells dental materials and equipment worldwide.

Densan System Holdings

Market Cap: JP¥44.2b

Engages in the information service and collection agency service businesses in Japan.

E J Holdings

Market Cap: JP¥28.3b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

Trenders

Market Cap: JP¥7.4b

Engages in the marketing and investment business in Japan.

Chudenko

Market Cap: JP¥207.9b

Operates as an equipment engineering company in Japan.

Lacto Japan

Market Cap: JP¥39.9b

Trades in agricultural and livestock products, processed products, food additives, food processing machinery, pharmaceuticals, quasi-pharmaceuticals, liquor and other beverages, and food products in Japan and internationally.

Mitsubishi Research Institute

Market Cap: JP¥75.5b

Provides research, consulting, and ICT solution to public and private sectors in Japan.

GungHo Online Entertainment

Market Cap: JP¥150.9b

Plans, develops, operates, and distributes smartphone applications and online computer games.

santec Holdings

Market Cap: JP¥86.8b

Develops, manufactures, and sells components for fiber optic telecommunication systems.

QuickLtd

Market Cap: JP¥43.6b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Komori

Market Cap: JP¥81.9b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.