Japanese Diversified Financials Low Leverage High Rewards

Nihon M&A Center Holdings

Market Cap: JP¥206.5b

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

SPARX Group

Market Cap: JP¥85.1b

A publicly owned asset management holding company.

eGuarantee

Market Cap: JP¥70.6b

Engages in credit risk entrustment and securitization business in Japan.

Marusan Securities

Market Cap: JP¥70.0b

Engages in the financial products trading business in Japan.

Nissan Securities Group

Market Cap: JP¥11.5b

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

Billing System

Market Cap: JP¥6.4b

Provides payment services in Japan.

Yutaka Trusty Securities

Market Cap: JP¥12.4b

Trades in commodity futures in Japan.

Ichiyoshi Securities

Market Cap: JP¥43.9b

Provides investment and advisory services in Japan.

SBI Global Asset Management

Market Cap: JP¥79.9b

Provides financial and asset management services in Japan and internationally.

ZENKOKU HOSHOLtd

Market Cap: JP¥379.2b

Engages in the credit guarantee business in Japan.

Japan Exchange Group

Market Cap: JP¥2.3t

Operates as a financial instruments exchange holding company in Japan.

Toyo Securities

Market Cap: JP¥41.7b

Provides financial products brokerage services in Japan.

JAFCO Group

Market Cap: JP¥116.4b

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

IwaiCosmo Holdings

Market Cap: JP¥94.2b

Provides financial services using information technology in Japan.

Kyokuto Securities

Market Cap: JP¥48.4b

Engages in the financial instrument operator business in Japan.

Mito Securities

Market Cap: JP¥39.6b

Provides investment and financial services in Japan.