Japanese Diversified Financials Low Leverage High Rewards

Nihon M&A Center Holdings

Market Cap: JP¥202.3b

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

SPARX Group

Market Cap: JP¥89.2b

A publicly owned asset management holding company.

Marusan Securities

Market Cap: JP¥80.6b

Engages in the financial products trading business in Japan.

eGuarantee

Market Cap: JP¥81.8b

Engages in credit risk entrustment and securitization business in Japan.

Billing System

Market Cap: JP¥6.5b

Provides payment services in Japan.

Nissan Securities Group

Market Cap: JP¥11.1b

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

Yutaka Trusty Securities

Market Cap: JP¥13.4b

Trades in commodity futures in Japan.

Ichiyoshi Securities

Market Cap: JP¥50.1b

Provides investment and financial services in Japan.

ZENKOKU HOSHOLtd

Market Cap: JP¥415.9b

Engages in the credit guarantee business in Japan.

Entrust

Market Cap: JP¥25.2b

Engages in the guarantee and solution businesses.

Toyo Securities

Market Cap: JP¥44.8b

Provides financial products brokerage services in Japan.

Japan Exchange Group

Market Cap: JP¥2.2t

Operates as a financial instruments exchange holding company in Japan.

IwaiCosmo Holdings

Market Cap: JP¥98.5b

Provides financial services using information technology in Japan.

Kyokuto Securities

Market Cap: JP¥56.0b

Engages in the financial instrument operator business in Japan.

SBI Global Asset Management

Market Cap: JP¥85.8b

Provides financial and asset management services in Japan and internationally.

Mito Securities

Market Cap: JP¥49.1b

Provides investment and financial services in Japan.