Japanese Bank Account Beaters

Tokio Marine Holdings

Market Cap: JP¥11.3t

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

Takeda Pharmaceutical

Market Cap: JP¥7.0t

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

Honda Motor

Market Cap: JP¥6.1t

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¥5.1t

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

Dai-ichi Life Holdings

Market Cap: JP¥4.4t

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

Sompo Holdings

Market Cap: JP¥4.3t

Provides property and casualty insurance services in Japan and internationally.

Inpex

Market Cap: JP¥3.8t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Astellas Pharma

Market Cap: JP¥3.4t

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.1t

Operates as a trust bank in Japan and internationally.

Sekisui House

Market Cap: JP¥2.2t

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

Nippon Yusen Kabushiki Kaisha

Market Cap: JP¥2.1t

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

Asahi Kasei

Market Cap: JP¥1.7t

Engages in material, homes, healthcare businesses.

Chubu Electric Power Company

Market Cap: JP¥1.7t

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

T&D Holdings

Market Cap: JP¥1.6t

Through its subsidiaries, provides insurance products and services in Japan.

Isuzu Motors

Market Cap: JP¥1.6t

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

Idemitsu KosanLtd

Market Cap: JP¥1.4t

Engages in the petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan, rest of Asia, Oceania, North America, and internationally.

Kawasaki Kisen Kaisha

Market Cap: JP¥1.3t

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

Hitachi Construction Machinery

Market Cap: JP¥981.4b

Manufactures and sells construction machineries in Japan, the Americas, Europe, Russia, CIS, Africa, the Middle East, Asia, Oceania, and China.

Ono Pharmaceutical

Market Cap: JP¥958.4b

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

Tokyo Century

Market Cap: JP¥938.0b

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

Japan Real Estate Investment

Market Cap: JP¥920.6b

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”).

Japan Metropolitan Fund Investment

Market Cap: JP¥888.3b

Japan Metropolitan Fund Investment Corporation (“JMF”) was established under the Law Concerning Investment Trusts and Investment Corporations of Japan (Law No.

Fukuoka Financial Group

Market Cap: JP¥859.7b

Provides various banking services to individual and corporate customers.

Sanwa Holdings

Market Cap: JP¥855.8b

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

Nomura Real Estate Holdings

Market Cap: JP¥794.5b

Operates as a real estate company in Japan and internationally.

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.

Nippon Prologis REIT

Market Cap: JP¥774.3b

NPR was established on Nov. 7, 2012 based on the Act on Investment Trust and Investment Corporation (investment trust law) and was listed on the REIT Securities Market (J-REIT Market) of the Tokyo Stock Exchange (“TSE”) on Feb.

Kobe Steel

Market Cap: JP¥748.7b

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

Oji Holdings

Market Cap: JP¥728.0b

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

Tosoh

Market Cap: JP¥714.7b

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

Nissan Chemical

Market Cap: JP¥694.5b

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

Mitsui Chemicals

Market Cap: JP¥671.4b

Engages in the mobility, life and health care, basic and green materials, ICT, and other businesses worldwide.

Cosmo Energy Holdings

Market Cap: JP¥637.1b

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

Persol HoldingsLtd

Market Cap: JP¥619.7b

Provides human resource services under the PERSOL brand worldwide.

Seiko Epson

Market Cap: JP¥619.4b

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

Yamato Kogyo

Market Cap: JP¥592.7b

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