Japanese Bank Account Beaters

Tokio Marine Holdings

Market Cap: JP¥13.3t

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.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

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

Daiichi Life Group

Market Cap: JP¥5.9t

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

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

DENSO

Market Cap: JP¥5.1t

Engages in the manufacture and sale of automotive parts in Japan, Rest of Asia, North America, Europe, and internationally.

Seven & i Holdings

Market Cap: JP¥4.3t

Operates convenience stores in Japan, North America, and internationally.

Inpex

Market Cap: JP¥4.2t

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¥4.1t

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

Asahi Group Holdings

Market Cap: JP¥2.2t

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

Sekisui House

Market Cap: JP¥2.2t

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.

Daiwa Securities Group

Market Cap: JP¥2.1t

Operates in the financial and capital markets in Japan and internationally.

T&D Holdings

Market Cap: JP¥2.0t

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

Mitsubishi HC Capital

Market Cap: JP¥1.9t

Engages in the lease, installment sale, and other financing activities in Japan, North America, the United Kingdom, rest of Europe, the Middle, Asia, Oceania, and internationally.

Isuzu Motors

Market Cap: JP¥1.6t

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

Kawasaki Kisen Kaisha

Market Cap: JP¥1.6t

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

Hulic

Market Cap: JP¥1.3t

Engages in holding, leasing, brokerage, and selling of real estate properties in Japan.

West Japan Railway

Market Cap: JP¥1.2t

Engages in the railway operation business in Japan.

Tokyo Century

Market Cap: JP¥1.2t

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

Ono Pharmaceutical

Market Cap: JP¥1.1t

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

Nippon Building Fund

Market Cap: JP¥1.1t

An investment corporation under the Law Concerning Investment Trusts and Investment Corporations of Japan.

Otsuka

Market Cap: JP¥1.1t

Provides information services in Japan.

Daito Trust ConstructionLtd

Market Cap: JP¥1.0t

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

Tokyu Fudosan Holdings

Market Cap: JP¥940.1b

Engages in the real estate business in Japan and internationally.

Sony Financial Group

Market Cap: JP¥939.2b

Provides financial services in Japan.

ZOZO

Market Cap: JP¥875.7b

Operates online shopping Websites in Japan and internationally.

Tosoh

Market Cap: JP¥846.7b

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

Japan Real Estate Investment

Market Cap: JP¥832.5b

Japan Real Estate Investment Corporation pursuant to Japan’s Act on Investment Trusts and Investment Corporations (ITA).

USS

Market Cap: JP¥815.9b

Operates and manages used vehicle auction sites in Japan.

Japan Metropolitan Fund Investment

Market Cap: JP¥809.2b

Japan Metropolitan Fund Investment Corporation was established under the Law Concerning Investment Trusts and Investment Corporations of Japan.

Mitsui Chemicals

Market Cap: JP¥788.6b

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

Kobe Steel

Market Cap: JP¥783.0b

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

Nomura Real Estate Holdings

Market Cap: JP¥777.0b

Operates as a real estate company in Japan and internationally.

Sanwa Holdings

Market Cap: JP¥765.0b

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

Nomura Real Estate Master Fund

Market Cap: JP¥709.0b

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.