Japanese Energy Price disconnect

MODEC

Market Cap: JP¥686.1b

Operates as engineering, procurement, construction and installation (EPCI) general contractor of floating production systems in Brazil, Guyana, Senegal, Cote d' Ivoire, Ghana, Mexico, and internationally.

Cosmo Energy Holdings

Market Cap: JP¥578.3b

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

San-Ai Obbli

Market Cap: JP¥125.1b

San-Ai Obbli Co., Ltd. wholesales and retails petroleum products and liquefied petroleum (LP) gas.

SALA

Market Cap: JP¥61.7b

Through its subsidiaries, engages in the energy supply and solution business in Japan.

Japan Oil Transportation

Market Cap: JP¥18.8b

Primarily engages in the transportation of liquefied natural gas, petrochemical products, other high-pressure gases, and other related products in Japan and internationally.