Japanese Diversified Financials Low Leverage High Rewards

Nihon M&A Center Holdings

Market Cap: JP¥201.1b

Provides mergers and acquisition (M&A) brokerage services in Japan and internationally.

SPARX Group

Market Cap: JP¥75.9b

A publicly owned asset management holding company.

eGuarantee

Market Cap: JP¥75.6b

Engages in credit risk entrustment and securitization business in Japan.

Billing System

Market Cap: JP¥6.6b

Provides payment services in Japan.

Marusan Securities

Market Cap: JP¥70.5b

Engages in the financial products trading business in Japan.

ZENKOKU HOSHOLtd

Market Cap: JP¥420.4b

Engages in the credit guarantee business in Japan.

Toyo Securities

Market Cap: JP¥51.3b

Provides financial products brokerage services in Japan.

Japan Exchange Group

Market Cap: JP¥1.9t

Operates as a financial instruments exchange holding company in Japan.

J Trust

Market Cap: JP¥73.1b

Engages in the provision of various financial services in Japan.

IwaiCosmo Holdings

Market Cap: JP¥84.3b

Provides financial services using information technology in Japan.

JAFCO Group

Market Cap: JP¥123.3b

JAFCO Group Co., Ltd. formerly known as JAFCO Co., Ltd.

Nissan Securities Group

Market Cap: JP¥14.1b

Engages in the financial instrument and commodity future trading businesses in Japan.

Kyokuto Securities

Market Cap: JP¥55.1b

Engages in the financial instrument operator business in Japan.

Yutaka Trusty Securities

Market Cap: JP¥18.1b

Trades in commodity futures in Japan.

SBI Global Asset Management

Market Cap: JP¥82.9b

Provides financial and asset management services in Japan and internationally.