Japanese Mid-Large Cap Stocks

Tsubakimoto Chain

Market Cap: JP¥192.2b

Manufactures and sells chains, motion control, mobility, materials handling systems components in Japan.

Mori Hills REIT Investment

Market Cap: JP¥254.5b

The Company was incorporated by Mori Building Investment Management Co., Ltd.

Chudenko

Market Cap: JP¥176.8b

Operates as an equipment engineering company in Japan.

Nissan Chemical

Market Cap: JP¥583.2b

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

Japan Metropolitan Fund Investment

Market Cap: JP¥701.3b

Japan Metropolitan Fund Investment Corporation (JMF) has been listed on the Real Estate Investment Trust (“REIT”) Section on the Tokyo Stock Exchange (Securities code: 8953) as Japan Retail Fund in March 2002.

Nippon Prologis REIT

Market Cap: JP¥661.4b

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.

Japan Excellent

Market Cap: JP¥174.2b

Japan Excellent, Inc. (hereinafter, "JEI"), established on February 20, 2006 under the Law Concerning Investment Trusts and Investment Corporations of Japan (the "Investment Trust Law"), is a real estate investment corporation which primarily invests in office buildings.

Daito Trust ConstructionLtd

Market Cap: JP¥1.1t

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

Yamato Kogyo

Market Cap: JP¥519.3b

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

InabataLtd

Market Cap: JP¥174.3b

Provides solutions and services for information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

Nippon Shokubai

Market Cap: JP¥248.1b

Engages in the manufacture and sale of various chemical products in Japan and internationally.

Daiwa House REIT Investment

Market Cap: JP¥549.0b

Our investment strategy is to target a diversified portfolio, focusing on logistics, residential, retail and hotel properties as our core asset classes, as well as other asset classes such as office buildings and healthcare properties.

Asahi Kasei

Market Cap: JP¥1.3t

Manufactures and sells chemicals.

Ono Pharmaceutical

Market Cap: JP¥700.9b

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

Frontier Real Estate Investment

Market Cap: JP¥220.2b

Frontier Real Estate Investment Corporation (“FRI”) is a REIT specializing in retail facilities and was listed on the Real Estate Investment Trust Market (the J-REIT market) of the Tokyo Stock Exchange in August 2004.

Japan Prime Realty Investment

Market Cap: JP¥357.1b

Japan Prime Realty Investment Corporation (JPR) was established on September 14, 2001, under the Act on Investment Trusts and Investment Corporations (Act No.

Hulic Reit

Market Cap: JP¥214.8b

Hulic Reit was successfully listed on the REIT section of the Tokyo Stock Exchange on February 7, 2014, and has gradually expanded its asset size.

Inpex

Market Cap: JP¥2.3t

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

Sekisui House Reit

Market Cap: JP¥338.7b

A real estate investment trust externally managed by Sekisui House Asset Management, Ltd.

Dai-Dan

Market Cap: JP¥175.6b

Engages in the design, supervision, and construction of electrical, air conditioning, plumbing and sanitary, and firefighting facilities works in Japan.

Mitsui Chemicals

Market Cap: JP¥585.6b

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

Electric Power Development

Market Cap: JP¥451.7b

Operates as electric utility company in Japan.

Idemitsu KosanLtd

Market Cap: JP¥1.1t

Engages in the petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan and internationally.

Daiwa Securities Living Investment

Market Cap: JP¥220.5b

Daiwa Securities Living Investment Corporation (hereinafter referred to as “the Investment Corporation”) is listed on the Tokyo Stock Exchange in June 2006 (stock code: 8986) and is located in the metropolitan area and major cities throughout Japan (Sapporo City, Sendai City) It is a rental apartment specialized REIT (REIT) that invests in rental apartments in Nagoya City, Osaka City, Fukuoka City, etc.

Heiwa Real Estate REIT

Market Cap: JP¥158.4b

HEIWA REAL ESTATE REIT, Inc. ("the Investment Corporation") raises funds from investors, investing said funds primarily in real estate, working toward growth for managed assets and stable medium- to long-term profits.

Sangetsu

Market Cap: JP¥170.7b

Engages in the planning, development, manufacture, sale, and installation of interior decorating products in Japan and internationally.

Industrial & Infrastructure Fund Investment

Market Cap: JP¥296.2b

Industrial & Infrastructure Fund Investment Corporation (“IIF”) is the first J-REIT focused on acquiring and operating both industrial and infrastructure properties in Japan-properties that play a vital role in the Japanese economy, and for which IIF expects to see stable demand in the mid to long term.

Daiwa Office Investment

Market Cap: JP¥290.3b

Daiwa Office Investment Corporation was established on July 11, 2005, in accordance with the Act on Investment Trusts and Investment Corporations (Act No.

Daido Steel

Market Cap: JP¥203.7b

Manufactures and sells steel products in Japan and internationally.

Mazda Motor

Market Cap: JP¥544.9b

Engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, the United States, North America, Europe, and internationally.

Daicel

Market Cap: JP¥324.8b

Engages in the materials, medical/healthcare, smart, safety, engineering plastics, and other businesses in Japan, China, and internationally.

ITOCHU

Market Cap: JP¥10.6t

Engages in trading and importing/exporting various products worldwide.

Sanwa Holdings

Market Cap: JP¥1.1t

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

Nitto Denko

Market Cap: JP¥1.9t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Sumitomo DensetsuLtd

Market Cap: JP¥193.5b

Operates as a construction company in Japan, Indonesia, Thailand, Cambodia, Myanmar, the Philippines, China, and Malaysia.

DENSO

Market Cap: JP¥5.5t

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