Japanese Bank Account Beaters

Tokio Marine Holdings

Market Cap: JP¥10.6t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Takeda Pharmaceutical

Market Cap: JP¥8.1t

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

Honda Motor

Market Cap: JP¥6.0t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.8t

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

Dai-ichi Life Holdings

Market Cap: JP¥4.8t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Nomura Holdings

Market Cap: JP¥4.1t

Engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide.

Astellas Pharma

Market Cap: JP¥3.9t

Manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.5t

Operates as a trust bank in Japan and internationally.

Asahi Group Holdings

Market Cap: JP¥2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Sekisui House

Market Cap: JP¥2.3t

Designs, constructs, and contracts built-to-order detached houses in Japan and internationally.

Subaru

Market Cap: JP¥2.3t

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

Nippon Yusen Kabushiki Kaisha

Market Cap: JP¥2.0t

Provides logistics services in Japan, North America, Asia, and internationally.

Isuzu Motors

Market Cap: JP¥1.7t

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

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Kawasaki Kisen Kaisha

Market Cap: JP¥1.4t

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

Ono Pharmaceutical

Market Cap: JP¥1.1t

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

Tokyo Century

Market Cap: JP¥1.1t

Provides equipment leasing, automobility, specialty financing, environmental infrastructure, and international businesses in Japan and internationally.

Daito Trust ConstructionLtd

Market Cap: JP¥1.0t

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

Kobe Steel

Market Cap: JP¥890.4b

Engages in the materials, machinery, and electric power businesses worldwide.

Japan Real Estate Investment

Market Cap: JP¥884.3b

Japan Real Estate Investment Corporation (the “Company”) was established on May 11, 2001 pursuant to Japan’s Act on Investment Trusts and Investment Corporations (“ITA”).

Nomura Real Estate Holdings

Market Cap: JP¥881.0b

Operates as a real estate company in Japan and internationally.

Sanwa Holdings

Market Cap: JP¥854.9b

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

Oji Holdings

Market Cap: JP¥821.0b

Manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.

USS

Market Cap: JP¥796.2b

Operates and manages used vehicle auction sites in Japan.

Tosoh

Market Cap: JP¥787.1b

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

Nomura Real Estate Master Fund

Market Cap: JP¥778.3b

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.

Cosmo Energy Holdings

Market Cap: JP¥742.6b

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

Nissan Chemical

Market Cap: JP¥717.5b

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

Yamato Kogyo

Market Cap: JP¥698.9b

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

Seiko Epson

Market Cap: JP¥641.8b

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

Persol HoldingsLtd

Market Cap: JP¥613.5b

Provides human resource services under the PERSOL brand worldwide.

Electric Power Development

Market Cap: JP¥577.3b

Operates as electric utility company in Japan.

Tohoku Electric Power Company

Market Cap: JP¥557.4b

Operates as an energy service in Japan and internationally.

LIXIL

Market Cap: JP¥521.3b

Through its subsidiaries, operates water technology and housing technology business in Japan and internationally.

NOK

Market Cap: JP¥500.4b

Manufactures, imports, and sells seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemical products, and electronic and various other products in Japan and internationally.

Sankyo

Market Cap: JP¥478.0b

Manufactures and sells game machines and ball bearing supply systems in Japan.