Japanese Top Dividend Payers

Avantia

Market Cap: JP¥12.2b

Engages in the housing business in Japan.

AS ONE

Market Cap: JP¥185.1b

Engages in the sale of research instruments and equipment, nursing and care products, and other scientific instruments in Japan and internationally.

Air Water

Market Cap: JP¥603.7b

Engages in the manufacturing and sale of products and services related to industrial gas, chemical, medical, energy, agriculture and food products, logistics, seawater, and other businesses in Japan.

Ehime Bank

Market Cap: JP¥47.8b

Provides banking products and financial services in Japan.

Data Applications Company

Market Cap: JP¥5.3b

Engages in the B2B electronic data interchange (EDI) and enterprise application integration (EAI) software development, marketing, and consulting businesses in Japan.

Kitano Construction

Market Cap: JP¥26.5b

A general contractor, engages in the planning, designing, management, and consulting of construction works in Japan and internationally.

Tokyo Tatemono

Market Cap: JP¥585.9b

Operates as a real estate company in Japan.

OPTEX GROUP Company

Market Cap: JP¥70.7b

Develops, manufactures, and sells security and automatic door products in Japan, the United States, Europe, and rest of Asia.

Fuji Nihon

Market Cap: JP¥29.4b

Engages in the manufacture and sale of refined sugar and sugar-related products in Japan.

Kyokuto Boeki Kaisha

Market Cap: JP¥21.5b

Primarily operates as an engineering trading company in Japan and internationally.

Japan Foundation Engineering

Market Cap: JP¥12.5b

Provides various construction services in Japan.

NittoseikoLtd

Market Cap: JP¥23.4b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

Asahi PrintingLtd

Market Cap: JP¥19.2b

Engages in the manufacture and sale of printing and packaging materials for the pharmaceutical and cosmetic markets primarily in Japan.

Mortgage Service Japan

Market Cap: JP¥6.6b

Engages in mortgage lending and brokerage business.

Medical System Network

Market Cap: JP¥14.2b

Operates in the pharmaceutical industry.

TOWLtd

Market Cap: JP¥12.5b

Engages in the planning, production, construction, creation, and management of events and seminars primarily in Japan.

Urbanet CorporationLtd

Market Cap: JP¥19.3b

Engages in the development and sale of real estate properties in Japan.

Sanki Engineering

Market Cap: JP¥268.1b

Provides various social infrastructure services in Japan and internationally.

Frontier Real Estate Investment

Market Cap: JP¥236.4b

Frontier Real Estate Investment Corporation (the “Investment Corporation”) was established pursuant to the Investment Trust and Investment Corporation Act of Japan (Act No.

Nippon Ceramic

Market Cap: JP¥72.6b

Develops, manufactures, and sells ceramic sensors, modules, and other products in Japan and internationally.

Kaga ElectronicsLtd

Market Cap: JP¥186.6b

Sells electronics parts, semiconductors, PCs, and peripherals in Japan, North America, Europe, and Asia.

TORQ

Market Cap: JP¥6.2b

TORQ Inc. is involved in the import, export, and sale of rivets and fastening products in Japan.

Chino

Market Cap: JP¥22.3b

Manufactures and sells instrumentation and control equipment.

Nabtesco

Market Cap: JP¥387.2b

Manufactures and sells equipment in the industrial, daily life, and environmental fields products in Japan and internationally.

AGS

Market Cap: JP¥21.0b

Provides information services to the financial industry, public sectors, and enterprises in Japan.

Hoshino Resorts REIT

Market Cap: JP¥158.9b

Hoshino Resorts REIT, Inc. (hereinafter, “HRR”) invests in hotels, ryokans (Japanese-style inns) and ancillary facilities that serve at the core of the tourism industry and for which stable use is expected for the medium to long term.

Pole To Win Holdings

Market Cap: JP¥13.4b

Engages in the testing/verification and evaluation, and Internet supporting businesses in Japan and internationally.

KOMATSU MATERELtd

Market Cap: JP¥32.3b

Manufactures and sells various fabrics in Japan and internationally.

Eidai KakoLtd

Market Cap: JP¥2.2b

Manufactures, imports, and sells plastic sheets in Japan.

Unipres

Market Cap: JP¥56.0b

Engages in manufacture and sale of automotive parts in Japan.

Echo Trading

Market Cap: JP¥5.6b

Engages in the sale of pet food and pet supplies in Japan.

SAKURA KCS

Market Cap: JP¥15.1b

Provides information services in Japan.

Wesco Holdings

Market Cap: JP¥10.6b

Engages in general construction consulting business in Japan.

Kansai Paint

Market Cap: JP¥442.8b

Manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally.

Calbee

Market Cap: JP¥343.6b

Engages in the production and sale of snacks and other food products in Japan, North America, Greater China, Asia, the United Kingdom, Indonesia, and internationally.

Fuji

Market Cap: JP¥242.1b

Manufactures and sells machines and machine tools in Japan.