Japanese Mid-Large Cap Stocks

TOA

Market Cap: JP¥162.4b

Provides construction and engineering services in Japan.

Hisamitsu Pharmaceutical

Market Cap: JP¥298.4b

Manufactures and sells pharmaceuticals in Japan.

Hokuhoku Financial Group

Market Cap: JP¥449.1b

Through its subsidiaries, provides various banking products and services to individuals, and small and medium-sized enterprises.

Mitani Sekisan

Market Cap: JP¥154.2b

Produces and sells concrete products in Japan.

Iwatani

Market Cap: JP¥374.0b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Shimizu

Market Cap: JP¥1.4t

Engages in the construction, development, engineering, and life cycle valuation businesses in Japan and internationally.

SMC

Market Cap: JP¥3.3t

Manufactures and sells automatic control equipment worldwide.

SENKO Group Holdings

Market Cap: JP¥346.4b

Operates as a logistics company worldwide.

PAL GROUP Holdings

Market Cap: JP¥406.0b

Engages in the planning, manufacture, wholesale, and retail of clothing products, including men’s and women’s clothing and accessories in Japan.

Daikin IndustriesLtd

Market Cap: JP¥5.3t

Manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally.

San-in Godo BankLtd

Market Cap: JP¥202.1b

Engages in the provision of various banking products and services for individuals and corporate customers in Japan.

Mitsui

Market Cap: JP¥10.7t

Operates as trading and investment company worldwide.

Hulic

Market Cap: JP¥1.2t

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

ABC-MartInc

Market Cap: JP¥710.7b

Engages in the retailing of shoes, clothing, and general merchandise products for men, women, and kids in Japan.

Activia Properties

Market Cap: JP¥322.2b

API invests primarily in urban retail and Tokyo office properties.

JVCKENWOOD

Market Cap: JP¥169.4b

Manufactures and sells products in the mobility and telematics services, public service, and media service sectors in Japan and internationally.

Morinaga&Co

Market Cap: JP¥219.0b

Manufactures, purchases, and sells confectionaries, food stuffs, frozen desserts, and health products in Japan and internationally.

Hirose ElectricLtd

Market Cap: JP¥624.0b

Manufactures and sells connectors in Japan and internationally.

Kajima

Market Cap: JP¥2.1t

Engages in civil engineering, building construction, real estate development, architectural design, and other businesses worldwide.

Welcia Holdings

Market Cap: JP¥552.8b

Operates a chain of drug stores with dispensing pharmacies in Japan.

DTS

Market Cap: JP¥209.5b

Provides systems integration services in Japan.

Nanto Bank

Market Cap: JP¥155.3b

Provides banking, securities, leasing, and credit guarantee services in Japan.

Tokyo Kiraboshi Financial Group

Market Cap: JP¥217.9b

Provides financial services for small and medium-sized enterprise in Japan.

Alps Alpine

Market Cap: JP¥372.5b

Manufactures and sells electronic components in Japan, China, the United States, South Korea, and internationally.

Otsuka

Market Cap: JP¥1.2t

Operates as an information technology (IT) platformer in Japan.

Tokyo Tatemono

Market Cap: JP¥625.9b

Operates as a real estate company in Japan.

Hakuhodo DY Holdings

Market Cap: JP¥426.7b

Provides marketing and communications services in Japan and internationally.

ZOZO

Market Cap: JP¥1.2t

Operates online shopping Websites in Japan and internationally.

Marubeni

Market Cap: JP¥6.4t

Marubeni Corporation purchases, distributes, and markets industrial and consumer goods.

Daiwa Securities Group

Market Cap: JP¥1.7t

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

AS ONE

Market Cap: JP¥179.8b

Engages in the sale of research instruments and equipment, nursing and care products, and other scientific instruments in Japan and internationally.

Sakata Seed

Market Cap: JP¥154.8b

Produces and sells vegetable and flower seeds, bulbs, plants, and agricultural and horticultural supplies in Japan and internationally.

Ricoh Leasing Company

Market Cap: JP¥179.4b

Engages in leasing, investment, and financial service businesses in Japan.

Amada

Market Cap: JP¥590.7b

Manufactures and sells metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.

Hoshino Resorts REIT

Market Cap: JP¥158.4b

Hoshino Resorts REIT, Inc. (hereinafter, “HRR”) invests in hotels, ryokans (Japanese-style inns) and ancillary facilities that serve at the core of the tourism industry and for which stable use is expected for the medium to long term.

TIS

Market Cap: JP¥1.1t

Provides information technology (IT) services in Japan and internationally.