This document is an English translation of the Japanese “Prospectus Issued upon Request” (the “Full Prospectus”) of Listed Index Fund TOPIX (the “Fund”). The Japanese Full Prospectus is the offering document. This English translation is not required by law or any regulation.
While every effort has been made to ensure the accuracy or completeness of this translation, Nikko Asset Management Co., Ltd. cannot guarantee this translation is accurate or complete as differences of interpretation may arise between the English and Japanese language. In the event of any inconsistency between this English translation and the Japanese version, the Japanese version shall prevail, except to the extent prohibited by the applicable law of any jurisdiction where the units of the Fund are sold.
Except as otherwise indicated herein, this material is based on the Japanese version dated as of April 9 2021. In case of any update to or modification of the Japanese version of the terms and conditions, there is no guarantee that a corresponding update or modification will be made to this English translation.
This translation of the Full Prospectus has been prepared by Nikko Asset Management Co., Ltd. for English speaking investors for information purposes. Investors should not subscribe for these securities solely relying on this document, as this is a translation of the original Full Prospectus. As the English translation may differ from the Japanese Full Prospectus as explained above, this document does not contain or constitute, and should not be relied upon as an offer or invitation to make an offer for the purchase of these securities (including units of the Fund) to any person or entity in any jurisdiction.
Neither this material nor any part hereof may be reproduced, transmitted, reprinted, or redistributed without the prior written authorization of Nikko Asset Management Co., Ltd.
Explanatory Booklet on
Investment Trust
April 9, 2021
Listed Index Fund TOPIX Nickname: “JoJo TOPIX” Open-end Investment Trust/Domestic/Equities/ETF/Index Type
◆In connection with the invitation for subscription to the “Listed Index Fund TOPIX”, which is extended by way of this prospectus, the Management Company filed a securities registration statement with the Director－General of the Kanto Local Finance Bureau on April 8, 2021 pursuant to the provisions of Article 5 of the Financial Instruments and Exchange Act. The registration became effective on April 9, 2021.
Securities registration statement filing April 8, 2021 date: Issuer: Nikko Asset Management Co., Ltd. Title and Name of the Representative: Junichi Sayato, Chairman, President & CEO Address of the Head Office: 7-1 Akasaka 9-chome, Minato-ku, Tokyo Location where a copy of the securities Tokyo Stock Exchange Group, Inc. registration statement (including its 2-1, Nihonbashi Kabutocho, Chuo-ku, Tokyo registered supplements) may be inspected:
Established and managed by Nikko Asset Management Co., Ltd.
This prospectus is based on Article 13 of the Financial Instruments and Exchange Act (Act No. 25 of 1948).
Investment trusts are different from deposits with financial institutions or insurance policies.
● Investment trusts are not protected by the Deposit Insurance Corporation of Japan or the Insurance Policyholders Protection Corporation of Japan. Furthermore, purchasing investment trust units at a registered financial institution, such as a bank, exempts you from being eligible for payments from the Investor Protection Fund. ● Investment trusts offer no guarantee of principal or yields. ● Investors who purchase units in an investment trust bear the risk of a decline in the value of the invested assets.
- Contents -
Page No. PART I. Information on Securities ·················································· 4 PART II. Information on the Fund ··················································· 6 I. Description of the Fund ····················································· 6 II. Administration and Operation ··········································· 35 III. Financial Condition of the Fund ········································· 44 I V. Outline of Administration of Domestic Investment Trust Beneficiary Certificates ································································ 131 PART III. Information on the Management Company, Etc. ·················· 133 Trust Deed ················································································ 134
PART I. Information on Securities (1) Fund Name Listed Index Fund TOPIX (hereinafter referred to as the “Fund”). “Listed TOPIX” or “JoJo TOPIX” may be used as nicknames. (2) Form, Etc. of the Domestic Investment Trust Beneficiary Certificates Units of an open-end securities investment trust (hereinafter referred to as the “Units”). No credit rating has been or will be assigned or made available by a credit rating company. * The provisions of the Act on Book-Entry Transfer of Company Bonds, Shares, etc. apply to the Fund’s Units. Title to the Units is determined by entry or record in a book-entry transfer account book of the book-entry transfer institution set forth under “(11) Matters Concerning the Book-Entry Transfer Institution” below and of the account management institutions subordinate to the book-entry transfer institution (meaning the “account management institutions” set forth in Article 2 of the Act on Book-Entry Transfer of Company Bonds, Shares, etc.; the account management institutions and the book-entry transfer institution are hereinafter collectively referred to as the “Book-Entry Transfer Institution, Etc.”). (The Units determined by entry or record in a book-entry transfer account book are hereinafter referred to as the “Book-Entry Transfer Units.”) Except when there is an unavoidable reason, the Management Company does not issue any beneficiary certificates that represent any of the Book-Entry Transfer Units. Furthermore, neither a bearer form nor a registered form is recognized for the Book-Entry Transfer Units. (3) Total Issue (Offering) Price Up to 30 trillion yen (4) Issue (Offering) Price The issue price is the Net Asset Value per Unit on the day on which an application for subscription of the Units is accepted. Please contact one of the Distributors or the place referred to in “(8) Place of Subscription” for questions concerning the Net Asset Value per Unit. (5) Subscription Fee The Distributors are authorized to collect from those applying for subscription a fee that is determined independently by the respective Distributor, as well as an amount equivalent to the consumption taxes levied on such fee. * Please contact your Distributor for further information. (6) Subscription Unit The minimum number of Units for subscription is determined by rounding up to the nearest 100 units the result obtained by dividing the market value of the Unit Shares by the Net Asset Value per Unit on the day on which an application for subscription is accepted and subscriptions must be made in whole-number multiples of the minimum lot. * “Unit Shares” refers to all shares (the number of which is designated by the Management Company) of the respective composites of the TOPIX which the Management Company expects will track the performance of the TOPIX.
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(7) Subscription Period The subscription period is from April 9, 2021 to October 8, 2021. The subscription period can be renewed by filing another securities registration statement prior to the expiration date shown above. (8) Place of Subscription To find a Distributor, please contact the Management Company.
(9) Payment Date An applicant generally makes an application for subscription by surrendering the shares he or she owns no later than the day designated by the Distributor. The surrendered shares are deposited by the Distributor for safeguarding in an account with the Japan Securities Depository Center, Inc. for the Fund that is designated by the Trustee Company on the day when additional Units are created. (Monies, if included, are deposited in the fund account that is designated by the Trustee Company through an account designated by the Management Company.) (10) Place of Payment As shown in “(8) Place of Subscription”. (11) Matters Concerning the Book-Entry Transfer Institution The Japan Securities Depository Center, Inc. is the Book-Entry Transfer Institution. (12) Other N/A
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PART II. Information on the Fund I. Description of the Fund 1. Nature of the Fund (1) Objective and Basic Nature of the Fund i) Objective of the Fund The fund seeks to closely link the Net Asset Value per Unit to the movements of TOPIX by investing in the stocks that comprise TOPIX, building a portfolio in accordance with the method of computing TOPIX and holding the portfolio as a general rule.
*TOPIX is an index that is computed based on the total market value of all stocks that are listed on the First Section of the Tokyo Stock Exchange after adjusting for floating stocks. The computation method uses the total market value at closing on January 4, 1968 as the base, which was taken to be 100, and expresses subsequent total market values as index values. The continuity of the index is ensured by adjusting the total market value for paid-in capital increases, new listing, delisting, etc. so as to eliminate the impact of fluctuations in the total market capitalization resulting from factors other than market conditions. TOPIX is well recognized both in Japan and abroad as Japan’s representative stock index.
Market capitalization at the time of calculation (in yen) TOPIX = Market capitalization on the base date (in yen) × 100
Copyrights and Other Rights of “TOPIX” The index value and trademark of TOPIX are intellectual property of Tokyo Stock Exchange Group, Inc. All rights concerning the stock index, including its computation, publication and use of the index values, as well as all rights concerning the TOPIX trademark belong to the Tokyo Stock Exchange Group, Inc. Tokyo Stock Exchange Group, Inc. may change or suspend the methods of calculating or publishing the TOPIX index value. Furthermore, it may change the TOPIX trademark or suspend its use. Tokyo Stock Exchange Group, Inc. does not offer any guarantee or make any representation as to any results obtained in connection with the use of the TOPIX trademark. Tokyo Stock Exchange Group, Inc. does not offer any guarantee as to the accuracy or completeness of TOPIX index values or any data contained therein. Furthermore, Tokyo Stock Exchange Group, Inc. is not liable for any errors, delays or interruptions in connection with the computation or publication of TOPIX index values. This fund is invested with the objective of achieving an investment outcome that tracks the movements of TOPIX. Nevertheless, the net asset value of the fund may at times deviate from TOPIX. This fund is not offered, guaranteed or distributed by Tokyo Stock Exchange Group, Inc. Tokyo Stock Exchange Group, Inc. is under no obligation to provide the purchasers of the fund or the general public with an explanation of the fund or any investment advice. In addition to all of the foregoing disclaimers, Tokyo Stock Exchange Group, Inc. further disclaims liability for any damage arising out of the issuance, sale or purchase of the fund.
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ii) Basic Nature of the Fund 1) Product Classification
Unit Type Investment Trust Geographical Investment Assets Independent Supplementary and Open-end Region Invested In (Revenue source) Segment Classification Investment Trust
Equities Domestic MMF Unit type Bonds Index type investment trust
Real estate Overseas MRF investment trust
Open-end Special type investment trust Other assets Domestic and ( ) ETF overseas
Asset allocation
Note: Product categories that apply to the fund are shown in shaded boxes.
Open-end investment trust An open-end investment trust is a fund that issues additional units subsequent to its inception. Such additional units are invested together with assets in trust that are accepted earlier. Domestic A fund is classified as a domestic fund when either its prospectus or its investment trust deed states that the major part of the investment income from the fund portfolio is sourced from domestic assets. Equities A fund is classified as a equity fund when either its prospectus or its investment trust deed states that the major part of the investment income from the fund portfolio is sourced from equities. ETF ETFs consist of securities investment trusts, as defined in Items 1 and 2 of Article 12 of the Order for Enforcement of the Act on Investment Trusts and Investment Corporations (Order No. 480 of 2000) and listed securities investment trusts, as defined in Article 9-4-2 of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957).
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Index type A fund is classified as an index type fund when either its prospectus or its investment trust deed states that the fund aims to achieve investment results that track the performance of an index.
2) Segmentation by Attributes
Geographical Frequency of Index Investment Assets Areas of Settlement Investment Followed
Equities Annual Global General Large-cap Semi-annual Japan Medium- and small-cap Quarterly North America Nikkei 225 Bonds General 6 times per year Europe Government (Every other month) bonds Corporate bonds Asia Other debenture 12 times per year TOPIX Credit (Monthly) Oceania attributes ( ) Daily Latin America Real estate investment trusts Other Africa Other Other assets ( ) ( ) ( ) Middle and Near East (Middle East) Composite assets ( ) Emerging Fixed asset allocations Variable asset allocations Note: The attribute segments that apply to the fund are shown in shaded boxes.
Equities – General The fund invests in equities. The “Equities – General” category contains all equities that do not have the attributes of large-cap, medium-cap or small-cap equities. Annual A statement to the effect that settlements are made annually is found in the prospectus or the trust deed of these funds. Japan A statement to the effect that investment income from the fund portfolio is sourced from Japanese assets is found in the prospectus or the trust deed of these funds.
The foregoing descriptions are made in accordance with the classification method established by The Investment Trusts Association, Japan. See the Association’s website for definitions of additional product classes and those of attribute segments: https://www.toushin.or.jp/.
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iii) Characteristics of the Fund The fund is a contractual-type investment trust but is structured differently from ordinary investment trusts with respect to the following: 1) Units are listed on the Tokyo Stock Exchange and can be traded at any time during the trading hours. ● Units may be traded in blocks of 100 units (as of the date when the securities registration statement was filed). ● Brokerage commissions are set by the respective handling companies. ● The method of trading is generally the same as that for stocks. * Please contact your respective handling company for further information. 2) The application for subscription of the Units is made by means of shares. Applications are made in blocks (and whole-number multiples thereof) of the market value of the Unit Shares divided by the Net Asset Value per Unit on the day the application is accepted (rounded up to 100 units). * “Unit Shares” refers to all shares (the number of which is designated by the Management Company) of the respective composites of the TOPIX which the Management Company expects will track the performance of the TOPIX * Units may be subscribed using Clearing Service offered by the Financial Instruments Clearing Institution. 3) Units may not be redeemed for cash prior to maturity with a request for cancellation. 4) Units may be exchanged for shares. * The shares of stocks that comprise TOPIX that you contribute at the time of your application do not necessarily match the shares of stocks that you receive in exchange. * The number of Units that you acquire at the time of your application does not necessarily agree with the number of Units you will need at the time of exchange. * Units may be exchanged using Clearing Service offered by the Financial Instruments Clearing Institution. * ”Clearing Service offered by the Financial Instruments Clearing Institution” is a scheme to guarantee the execution of settlements by the Financial Instruments Clearing Institution assuming obligation of securities pertaining to subscription and exchange of ETF.
Principal Investment Restrictions ● There is no restriction as to the ratios of investment in stocks. ● As a general rule, the stocks that the fund intends to invest in are those issued by companies whose stocks comprise TOPIX. However, shares that are acquired through shareholder allotments are exempted from this rule. ● The fund does not invest in assets denominated in foreign currencies.
Distribution Policy ● As a general rule, distributions are made in the full amount after deducting expenses, etc. from income such as dividends arising from trust assets. * There is no guarantee on future payments or the amounts of dividend. 9
iv) Maximum Amount of Trust Money ● Securities or monies may be added to the trust up to a maximum amount equivalent to 30 trillion yen. ● The Management Company may change the maximum amount with the consent of the Trustee Company.
(2) Fund History December 20, 2001: - Execution of the trust deed of the fund and commencement of management. January 9, 2002: - Listing of the fund’s Units on the Tokyo Stock Exchange.
(3) Structure of the Fund i) Structure of the fund
Fund
Listed Index Fund TOPIX
*2 Management Company A securities Trustee Company investment Nikko Asset Management Co., Ltd. trust deed Mitsubishi UFJ Trust and Banking Corp. Instructions regarding investment of trust (Delegated trustee company: The Master Trust Bank assets of Japan, Ltd.) Preparation of the prospectus, etc.
Management and custody of trust assets *1 Calculation of trust assets An agreement on the Payment of dividends, etc. handling of offerings, etc.
Distributors
Handling of offerings and sales Services relating to exchanges and buybacks, etc.
Investors (Unitholders)
*1 An agreement between the Management Company and Distributors regarding the rules on the sale of the investment trust. It encompasses matters such as stipulations on the scope of business regarding the handling of offerings, exchanges and buybacks by the Distributors. *2 An agreement between the Management Company and Trustee Company regarding the rules on managing the investment trust. It includes matters such as stipulations on the basic management policy, assets to be invested in, restrictions on investment, trust fees, unitholders’ rights, and the offering method.
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ii) Profile of the Management Company (as of January 31, 2021) 1) Capital 17,363 million yen 2) History 1959: Established as Nikko Securities Investment Trust Management Co., Ltd. 1999: Merged with Nikko Kokusai Investment Management Co., Ltd., and changed the corporate name to “Nikko Asset Management Co., Ltd.” 3) Major Shareholders Number of Holding Name Address Shares Held Ratio Sumitomo Mitsui Trust 1-4-1, Marunouchi, Chiyoda-ku, Tokyo 194,152,500 98.54% Holdings, Inc.
2. Investment Policy (1) Investment Policy Investments are made in the stocks that comprise TOPIX, and the fund is managed so that each stock in the trust assets maintains a weight that equals its weight in TOPIX, aiming to achieve investment results that correspond to the performance of TOPIX. Instructions to adjust the composition of trust assets may be issued in the following events: i) There is a change in the method of computing TOPIX. ii) An adjustment is made to the total market value of the stocks that comprise TOPIX as the result of a change among the stocks that comprise TOPIX or a change in capital, etc. iii) Instructions are issued for additional trust creations or an exchange between the Units and shares. iv) Any other event, when deemed necessary by the Management Company for the purpose of maintaining the index tracking. The fund may, in response to fund movements, take part in futures trading in securities indices and other vehicles set forth in the trust deed for the purpose of bringing the fund’s performance closer to that of TOPIX. Management in accordance with the investment policy described above may not be possible in the event that the fund ends its trust arrangement.
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(2) Investment Assets The fund invests mainly in the shares of stocks that comprise TOPIX. i) Types of assets that the fund invests in are as follows: 1) Securities; 2) Interests in derivatives transactions (as defined in Article 2, Paragraph 20 of the Financial Instruments and Exchange Act and provided for in Article 26 of the Trust Deed); and 3) Monetary claims. ii) In addition to investing in shares, the fund may also be managed by investing in securities other than shares (excluding rights deemed as securities under Article 2, Paragraph 2 of the Financial Instruments and Exchange Act and set forth in each Item of the same Paragraph) and financial instruments (including rights deemed as securities under Article 2, Paragraph 2 of the Financial Instruments and Exchange Act and set forth in each Item of the same Paragraph) listed below: 1) Deposits; 2) Beneficiary certificates for designated money trusts (limited to the beneficiary certificates for the trusts issuing beneficiary certificates as defined in Article 2, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act); 3) Designated money trusts (excluding the trusts issuing beneficiary certificates as defined in Article 2, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act); and 4) Call loans. iii) The following transactions may be effected: 1) Futures trading, etc.; and 2) Lending of securities.
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(3) Management System The Management Company’s management system is as follows: Chief Investment Officer (CIO)
Chief Operating Officer (COOI)
Macro & Micro Equity Fund Fixed Income Alternative Passive Fund Sub-Advised Fund Portfolio Investment Research and Management Fund Management Investment Fund Management Management Control Support & Analysis Department Department Management Department Department Department Planning Department Department Department
Trading Department The organization that supervises internal control and decision making within the management system of the Management Company is as follows:
Board of Directors, etc.
■ Formulation of Management Policies
Determines domestic and overseas Investment Committee economic forecasts, market outlook and Internal Audit-related Department (Formulation of basic policies) basic policies for asset allocations (Approximately 5 persons) Verifies and evaluates the appropriateness of the internal control Management Departments Formulate specific management policies system over the company’s operations, (Formulation of management concerning individual assets and asset including investment policies) allocation strategies, based on the Furnishes the Board of Directors with decisions of the Investment Committee reports of audit results and follows up on the rectification of audit findings, etc. Execution of Fund Management Risk Management/Compliance Fund Managers of Respective Constructs and manages portfolios in related Departments Management Departments line with the guidelines and (Approximately 55 persons) (Construction and management of management policies of individual funds Controls and monitors credit risks and portfolios) administrative risks relating to Ordering Policy Committee investment activities Selects ordering outsource Evaluates and analyzes investment companies that are deemed to be the performance Manages compliance with laws, most qualified in terms of their regulations and rules, etc. ability to provide information and execution ability, and decides ordering policies, etc.
Trading Department Executes trades in accordance with the (Execution of trades) optimum execution process, based on the decisions of the Order Policy Committee
Management Risk Meeting Management Risk Committee Deliberates on the fund Efficiently keeps track of and management status, including monitors the management the evaluation and analysis of status pertaining to the investment performance, management risk, etc. etc.
Management Company’s System of Control over the Corporations Involved with the Fund (except for Distributors) The Management Company verifies the value of net assets held by the Trustee Company on a daily basis and the account balances on a monthly basis. In addition, an independent audit corporation conducts audits of the trustee operations in accordance with established procedures. The audit corporation furnishes the Management Company with a periodic audit report, assuring that effective internal controls are in place.
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* The system shown above is current as of the end of January 2021, and may be subject to change in the future.
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(4) Distribution Policy i) Income Distribution Policy 1) The full amount of dividends and other income arising from the trust assets (which equals the sum of dividends, interest, fees on securities lent and other similar income less interest paid) and a distribution reserve that has been carried over from the preceding period are distributed to the unitholders at the end of each calculation period after deductions are made for expenses, trust fees stipulated in the trust deed and an amount equal to consumption taxes levied on the trust fees, and after the full amount of a negative distribution reserve carried over from the preceding period, if any, is offset. However, part or all of such money may be retained in the trust assets for the purpose of adjusting the amounts of income distribution. In such a case, the retained income is added to the distribution reserve and can be applied toward distributions in the subsequent periods. When there is insufficient income to deduct the full amounts of expenses, trust fees stipulated in the trust deed and consumption taxes levied on the trust fees, and also offset a negative distribution reserve, the shortfall is reported as a negative distribution reserve and carried forward to the next period. 2) The sum of the profits referred to in the following subparagraph a) that arise from the trust assets at the end of each calculation period is carried forward to the following period after deductions are made for losses referred to in subparagraph b) and the full amount of loss brought forward, if any, is offset. a) Gains on trading of securities (including their unrealized gains), gains on trading of futures, etc. (including their unrealized gains), gains on additional trust creations and gains on exchanges. b) Losses on sales of securities (including their unrealized losses), losses on the trading of futures, etc. (including their unrealized losses), losses on additional trust creations and losses on exchanges. ii) Payment of Income Distribution As a general rule, the Trustee Company pays each unitholder his or her income distribution by depositing it on the day specified by the Management Company but within 40 days of the end of each calculation period in the deposit account designated in advance by the unitholder. When a unitholder has signed a separate agreement with his handling company in connection with the handling of income distribution, the payment is made pursuant to the provisions of such agreement. (5) Investment Restrictions i) Investment Restrictions Set Forth in the Trust Deed 1) There is no restriction as to the ratios of investment in stocks. 2) As a general rule, the stocks that the fund intends to invest in are those issued by companies whose stocks comprise TOPIX. However, shares that are acquired through shareholder allotments are exempted from this rule. 3) The fund does not invest in assets denominated in foreign currencies. 4) The Management Company may give instructions to execute trading similar to TOPIX futures and options trading on financial instruments exchanges in Japan as well as trading similar to TOPIX futures and options trading on foreign financial instruments exchanges.
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5) For efficient management of the trust assets, the Management Company may give instructions for lending of any stocks attributable to the trust assets. Any such lending of stocks shall be such that the total market price of the stocks to be lent shall not exceed the total market price of the stocks held in the trust assets at the time of lending. 6) The derivative transactions shall be such that the amount calculated in a reasonable manner pursuant to the rules of the Investment Trusts Association, Japan does not exceed the total net asset value of the trust asset. 7) Equity, debt, and derivative are the categories of exposures prescribed in the rules of The Investment Trusts Association, Japan. With regard to the exposures, in principle, the individual category’s exposure to a certain interest counterparty, the kind of a counterparty prescribed in the rule, shall not exceed 10% of the total net asset value of the trust assets. And all the categories’ exposure to a certain counterparty shall not exceed 20%. If the ratio exceeds the limit, the Management Company shall carry out adjustment to keep within the limit pursuant to the rules of The Investment Trusts Association, Japan. ii) Statutory Restrictions on Investment Investment in shares issued by one corporation (pursuant to the Act on Investment Trusts and Investment Corporations) The Management Company does not engage in transactions that would cause the total number of one corporation’s shares that are held in the investment trusts that it manages to represent more than half of the voting rights of the corporation’s stock.
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3. Investment Risks (1) Risks of the Fund
Investment in the fund involves certain risks, including major risks listed below. When subscribing the Units, the investor is requested to fully evaluate the risks pertaining to the fund and make careful determination on investment.
There is no guarantee of the investors’ investment principal and a decrease in the Net Asset Value per Unit may result in losses or the investment principal falling below par. Any profit and loss resulting from the management of the fund will be attributed to the investors (unitholders). Furthermore, please note that the fund differs from deposits and savings. The fund primarily invests in stocks. It is therefore possible that factors such as a decline in stock prices or deterioration of the financial conditions or performance of the issuer of the stock will cause the Net Asset Value per Unit to fall and result in a loss.
Major risks of the fund are as follows: i) Price Fluctuation Risk In general, stock prices fluctuate as they are affected by corporate information regarding the growth and profitability of a company and the change of such information. Furthermore, they also fluctuate due to factors such as economic and political conditions in Japan and abroad. There is a risk that the fund will suffer material losses if unexpected changes occur in stock price movements or liquidity. ii) Liquidity Risk When the sizes of the market or trading volumes are small, the trading value at the time of acquisition or sale of securities may be influenced by the size of trading volumes. Thus, there is a risk that the securities cannot be traded at prices that are expected in light of the prevailing market trend, a risk that the securities cannot be sold at the appraised price, and a risk that the trading volume may be restricted regardless of how high or low the price is, and there is therefore a risk that unanticipated losses will be incurred. iii) Credit Risk There is a general risk that the fund will incur material losses in the event of a serious crisis that directly or indirectly affects the business of a corporation in which the fund invests. Concerns over default and bankruptcies may result in a significant decline in the prices of the issuer’s stock, etc. (the price may drop to zero) and cause a decline in the fund’s Net Asset Value per Unit. Additionally, delisting of stock, etc. may occur when falling short of certain standards stipulated by the financial instruments exchange, and fear for delisting or occurrence of delisting may cause the price of stock, etc. of the issuer to fall. There is therefore a risk that material losses will result in the fund. iv) Security-lending Risk Acts such as lending of securities is accompanied by business partner risks (i.e. risk of non-performance or cancellation of the loan agreement due to bankruptcy of business partners, etc.) and it is therefore possible that unanticipated losses will be incurred. When in response to non-performance or cancellation of the loan agreement liquidation procedures are implemented by using the collateral that is set aside in the loan agreement, the procurement cost of buying back the securities can surpass the collateral value, due to
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price fluctuations in the market. The fund’s payment of such shortfalls may cause the fund to incur losses.
Laws, regulations, taxation systems, accounting policies and such like that are applicable to the fund may be subject to change in the future.
(2) Risk Control System
Board of Directors
Report
Overall Risk Management Compliance Monitoring Risk Monitoring Committee Committee
Monitoring/ Monitoring/ Reporting/ Reporting/ improvement providing offering corrective offering policy proposal proposal guidance
Department Responsible for Risk Management/Compliance Business
Evaluation/analysis of risk Monitoring of the status of performance and risk management compliance with laws, etc.
Evaluation, analysis, etc.
Monitoring and Management Risk providing corrective Meeting guidance, etc.
Providing feedback, improvement policies, etc.
Fund management departments
Overall Risk Management The Risk Management/Compliance Business Departments of Nikko Asset Management have been established as independent organizations, separate from fund management departments or sales departments, and aim to centrally monitor and guide company-wide risk control activities. The Compliance Department, through the Compliance Monitoring Committee for which the department serves as its administrative office, provides the company’s top management with reports on compliance with laws and regulations. And the Risk Management Department, through the Risk Monitoring Committee, provides the company’s top management with reports regarding risk status. In addition, the reports are submitted to the board of directors at least once a year on the status of overall activities. Both Committees and the related segmental meetings endeavor to respond to serious problems and various risks, to establish preventive measures and to support constructing methods of control that can lead to reduced risks, in addition to monitoring laws and regulation compliance status, monitoring and reporting on various risks (including management risks, administrative risks and systematic risks).
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■Evaluation and Analysis of the Investment and the Investment Risk Management The investment status of the fund assets is evaluated and analyzed. The investment risk management status is also monitored. The results of the evaluation and of the analyses on the investment performance and the investment risks are reported to the Management Risk Meeting and the investment risk management status is reported to the Risk Monitoring Committee, and measures are taken to determine the cause of problems and to establish improvement strategies. Additionally, the outsourced fund management department administers the management of the funds managed by sub-managers and monitors whether investments of such funds are being made in accordance with investment policies. Monitoring of Compliance with Laws and Regulations Compliance related departments are responsible for ensuring that the company is compliant with investment management laws, regulations and trust deeds. Any issues are reported to the compliance related committees, which adopt appropriate management and supervisory procedures to instruct fund management departments to rectify such problems when necessary. * The system described above is current as of the end of January 2021, and may be subject to change in the future.
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（Reference information） Comparison of fluctuations the fund with other Changes in annual fluctuations
representative asset classes and Dividend-included NAV of the fund February 2016～January 2021 February 2016～January 2021 (Yen)
※NAV is the price per 100 units after management fees (trust fees) have been deducted. < Average, annual Maximum, and Minimum fluctuations ※Dividend-included NAV is calculated based on the NAV as of of this fund and other representative assets(%) > the end of February, 2016. The Japanese Developed Emergin Japanese Developed Emergin ※The fund's Dividend-included NAV and fluctuations in the Fund Equity Country g Governm Country g percentage are theoretical data calculated with dividends Equity Country ent Bond Bond Country reinvested (before tax) and may differ from the data calculated Equity Bond base d o n NAV. AVG 3.6% 3.7% 7.1% 5.3% 1.4% 1.0% 1.1% MAX 32.1% 32.2% 34.1% 37.2% 9.3% 11.4% 19.3% MIN -22.1% -22.0% -17.5% -27.4% -4.0% -12.3% -17.4% ※The above is compiled to compare the fund to representative asset classes quantitatively. ※All asset class may not be investments in the fund. ※The above is the Maximum, Minimum, and Average of the last year's fluctuations in the percentage at the end of each month for five years from February 2016 to January 2021 for the fund and other representative asset classes. This fund's fluctuations in the percentage are theoretical data calculated with dividends reinvested (before tax) and may differ from the data calculated based on NAV.
Japan Equity ----- TOPIX (Tokyo Stock Price Index and Japan Government Bond ----- NOMURA Bond Performance Average, dividends included)) Index (government bonds)
Developed Countries’ Equity ----- MSCI-KOKUSAI Index Developed Countries’ Government Bond ----- FTSE World (dividends included, yen basis) Government Bond Index (excludes Japan, yen basis)
Emerging Countries’ Equity ----- MSCI Emerging Market Emerging Countries’ Government Bond ----- JPMorgan Index (dividends included, yen basis) Government Bond Index-Emerging Markets Global Diversified (without yen hedging, yen basis)
* The overseas’ indices were converted to yen, assuming the investments are without currency hedging.
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○Indices to Compare Representative Asset Classes with Fluctuation Rate
TOPIX (TOPIX (Tokyo Stock Price Index and Average, dividends included) This index includes all the companies’ domestic common equities that are listed on the First Section of the TSE (Tokyo Stock Exchange) in the calculation and considers dividends. The Tokyo Stock Exchange owns the copyright on the index, the intellectual property rights and any other rights associated with the index.
MSCI-KOKUSAI Index (dividends included, yen basis) Developed by MSCI Inc. This index calculates developed countries' equities except Japan and considers dividends. MSCI Inc. owns the copyright on the index, the intellectual property rights and any other rights associated with the index.
MSCI Emerging Market Index (dividends included, yen basis) Developed by MSCI Inc. This index calculates emerging countries' equities and considers dividends. MSCI Inc. owns the copyright on the index, the intellectual property rights and any other rights associated with the index.
NOMURA BPI Government Bonds Published by Nomura Securities Co., Ltd., which owns its intellectual property rights. Nomura Securities Co., Ltd. makes no guarantee of the accurancy, completeness, reliability or usefulness of the index, and takes no responsibility whatsoever for the business activities or services performed by Nikko Asset Management Co., Ltd. based on its use of the index.
FTSE World Government Bond Index (excludes Japan, yen basis) This index is a bond index operated by FTSE Fixed Income LLC. This index is an intellectual property of FTSE Fixed Income LLC and all rights are owned by FTSE Fixed Income LLC.
JPMorgan Government Bond Index-Emerging Markets Global Diversified (without yen hedging, yen basis) Calculated and published by J.P. Morgan Securities LLC. This index calculates local currency denominated bonds issued by emerging countries. J.P. Morgan Securities LLC owns the copyright on the index, the intellectual property rights and any other rights associated with the index.
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4. Fees and Taxes (1) Subscription Fee Distributors may collect from applicants a fee that is determined independently by the Distributors together with an amount equal to the consumption taxes levied on such a fee. * Please contact your Distributor for further information. * The subscription fee is the fee for describing the products, for describing the related investment environments, for providing the information, and for the administration activities related to the purchase. (2) Redemption (Cancellation) Fee i) Redemption Fee A Distributor may collect from a unitholder a fee that is determined independently by the Distributor together with an amount equal to the consumption taxes levied on such a fee in the event that the unitholder makes an exchange or Units are bought back. * Please contact your Distributor for further information. * The redemption fee is the fee for the administration activities related to the redemption. ii) Amount Retained in Trust Asset None (3) Trust Fee, Etc. i) Trust Fee The total amount of the trust fee is the amount equal to the total net asset value of the trust assets times the annual percentage rate not to exceed 0.242% (or 0.22% without tax), accumulated daily throughout the calculation period. The annual rate was 0.0968% (or 0.088% without tax) as of the date the securities registration statement was filed. ii) Allocation of the Trust Fee The trust fee is allocated as follows when the fund’s trust fee is 0.088% without tax (annual rate), as was the case on the date the securities registration statement was filed. Trust fee=The constant value of investment time horizon × Trust Fee Rate (Annual Rate) Total Management Company Trustee Company 0.088% 0.060% 0.028%
Management Commission fee of the fund management Company Trustee Fee for managing investment properties, and for Company executing the Management Company’s instructions *The rate in the table is without tax. Consumption tax is separately charged. iii) Time of Payment The trust fee (and an amount equal to consumption taxes levied on the trust fee) is daily recorded and paid out of the trust assets at the end of each calculation period or upon termination of the trust.
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(4) Other Fees, Etc. The following costs/fees and any amounts equal to consumption taxes levied thereon are borne by unitholders and paid out of the trust assets: i) Brokerage commissions associated with the trading of securities in the portfolio, and costs associated with futures and options trading; ii) The cost required for audits of the financial statements for the trust assets (calculated daily); iii) Taxes on the trust assets, various expenses required for the administrative work for the trust, and interest on monies advanced by the Trustee Company; iv) In the event that securities are loaned, fees related to securities loaned calculated by multiplying the lending commissions received as consideration for such loan by a multiplier not to exceed 0.55 (or 0.5 without tax). Such multiplier was 0.55 (or 0.5 without tax) as of the date the securities registration statement was filed. Allocation of such fees to the Management Company and Trustee Company is 1:1 and paid at the same as the trust fees; and
v) The cost related to the listing of the Units and the fee for the use of “TOPIX” and other similar marks.
* Audit fees are the fee for auditing the fund such as audit companies' fees. * Audit fees, brokerage commissions, etc. cannot be shown as they vary depending on the holding lengths and investment status, and thus cannot be estimated in advance.
The total amount of fees and other expenses to be borne by investors varies, depending on the holding lengths and investment status, and thus cannot be shown. (5) Tax Treatment The fund is treated as a specified stock investment trust (tokutei kabushiki toushi-shintaku) for tax purposes. Publicly offered stock investment trusts are subject to the tax-free small amount investment savings accounts system under the taxation law. i) Individual Unitholders 1) Taxation upon sale of Units Gains on sale (transfer gains) are deemed to be transfer income and a tax return will have to be filed as the gains need to be declared for separate taxation at 20.315% (15.315% income tax and 5% local tax). When a unitholder has chosen a designated account with tax withheld (an account with tax withheld at the taxpayer’s option), tax is withheld at source at a tax rate of 20.315% (15.315% income tax and 5% local tax). (As a general rule, tax filing is not necessary.) 2) Taxation upon receipt of income distributions Income distributions are deemed to be dividend income and tax will be withheld at source at a tax rate of 20.315% (15.315% income tax and 5% local tax). (As a general rule, tax filing is not necessary.) You can also file a tax return, and choose either separated taxation upon declaration or consolidated taxation (to which tax credits apply).
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*By filing a tax return, you can offset losses upon sale (capital losses) against capital gains from listed stocks, dividends etc. from listed stocks, and interest income from public and corporate bonds and such like (as long as separated taxation has been chosen upon declaration). In addition, gains on sale (capital gains), income distributions, and interest income from public and corporate bonds etc. (if separated taxation has been chosen upon declaration) can be offset against capital losses from listed stocks and such like. *When investing through a NISA, income gains and capital gains from the investments in Publicly-offered Equity Investment Trusts will be tax-free for five years if the investments have been newly purchased within 1 million yen (1.2 million yen from 2016 onward) per year. Investors need to meet certain conditions, such as aged 20 or above, having opened a tax-free account at a Distributor. In addition, when investing through a Junior NISA for those under 20 years old and domiciled in Japan, income gains and capital gains from the investments in Publicly-offered Equity Investment Trusts will be tax-free for the next five years as long as the newly purchased investment amount is less than 0.8 million yen every year. For further details, please contact a Distributor.
3) Exchanges between Units and shares of stocks Exchanges of Units with shares of stocks are also deemed to be transfers of Units and treated the same way as sales of Units. ii) Corporate Unitholders 1) Taxation upon sale of Units The difference between the sales price of the Units and their acquisition cost is combined with other corporate income and taxed. 2) Taxation upon receipt of income distributions Income distributions are deemed to be dividend income and tax will be withheld at source at a tax rate of 15.315% (income tax only). The distributions taxed together with other corporate income. Income distributions are subject to exclusion from gross revenue. The limit is the same as that for stock dividends. 3) Exchanges between Units and shares of stocks Exchanges of Units with shares of stocks are also deemed to be transfers of Units and treated the same way as sales of Units. * In cases of being applied to the foreign tax deduction, tax on distributions may differ from the aforementioned descriptions. * The above is as of April 8, 2021 and tax rates and other tax treatment may change in the event that tax laws are revised. It is recommended that you consult with a professional tax advisor for details regarding tax treatment.
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5. Status of Investment Portfolio
Listed Index Fund TOPIX The following investment status was current as of January 29, 2021: The investment ratio of an asset is its ratio to the total net assets of the fund, valued at market price.
(1) Investment Status
Total Market Value Investment Ratio Type of Invested Assets Country/Region (in yen) (%)
Stocks Japan 6,730,943,436,570 99.50
Call loans, etc. and other assets ― 33,831,652,575 0.50 (after deduction for liabilities) Total (Total Net Assets) 6,764,775,089,145 100.00
Investment Status of Other Assets
Total Market Value Investment Ratio Type of Invested Assets Type Country/Region (in yen) (%)
Stock Price Index Long 33,825,000,000 0.50 Japan Futures Trading position
Note: Futures trading are valued at either the clearing price or the closing price, published by the primary exchange.
(2) Invested Assets i) Major Securities Investment a. Details of Securities with the Highest Market Values
Qty. or Total Unit Book Price Unit Market Value Investment Ratio Country/ Type Stock Industry Book Value (yen) Market Value (yen) Region Par Value (yen) (yen) (%)
TOYOTA MOTOR Japan Stock CORPORATI Transportation ON Equipment 27,544,700 6,768.91 186,447,595,277 7,300.00 201,076,310,000 2.97
SOFTBANK Japan Stock GROUP Information & CORP. Communication 21,169,500 6,133.38 129,840,728,514 8,108.00 171,642,306,000 2.54
SONY Japan Stock CORPORATI ON Electric Appliances 17,032,400 7,607.76 129,578,427,049 10,050.00 171,175,620,000 2.53
KEYENCE Japan Stock CORPORATI ON Electric Appliances 2,669,000 46,106.14 123,057,289,320 56,140.00 149,837,660,000 2.21
NINTENDO Japan Stock CO.,LTD. Other Products 1,556,100 50,281.22 78,242,606,442 60,580.00 94,268,538,000 1.39
NIDEC Japan Stock CORPORATI ON Electric Appliances 6,543,600 7,518.58 49,198,589,627 13,850.00 90,628,860,000 1.34
SHIN-ETSU Japan Stock CHEMICAL CO.,LTD. Chemicals 4,924,100 13,144.69 64,725,790,399 18,175.00 89,495,517,500 1.32
MITSUBISH Japan Stock I UFJ FINANCIAL Banks 183,443,600 422.91 77,580,998,710 469.30 86,090,081,480 1.27 26
GROUP,INC.
RECRUIT Japan Stock HOLDINGS CO.,LTD. Services 18,611,400 3,688.87 68,655,044,346 4,542.00 84,532,978,800 1.25
TAKEDA PHARMACE Japan Stock UTICAL COMPANY LIMITED Pharmaceutical 22,622,000 3,765.45 85,182,079,855 3,698.00 83,656,156,000 1.24
NIPPON TELEGRAP H AND Japan Stock TELEPHON E CORPORATI Information & ON Communication 31,206,100 2,485.05 77,548,718,805 2,618.00 81,697,569,800 1.21
MURATA MANUFACT Japan Stock URING CO.,LTD. Electric Appliances 7,986,800 6,712.48 53,611,242,960 10,055.00 80,307,274,000 1.19
DAIICHI SANKYO Japan Stock COMPANY,L IMITED Pharmaceutical 23,342,000 2,889.39 67,444,279,010 3,365.00 78,545,830,000 1.16
DAIKIN Japan Stock INDUSTRIE S,LTD. Machinery 3,464,100 18,684.34 64,724,448,357 22,105.00 76,573,930,500 1.13
HO YA Japan Stock CORPORATI Precision ON Instruments 5,394,100 10,893.87 58,762,671,441 13,395.00 72,253,969,500 1.07
KDDI Japan Stock CORPORATI Information & ON Communication 21,395,900 3,234.37 69,202,467,678 3,079.00 65,877,976,100 0.97
FANUC Japan Stock CORPORATI ON Electric Appliances 2,386,300 19,647.36 46,884,495,168 27,365.00 65,301,099,500 0.97
TOKYO Japan Stock ELECTRON LIMITED Electric Appliances 1,592,500 30,005.86 47,784,332,050 39,810.00 63,397,425,000 0.94
SUMITOMO MITSUI Japan Stock FINANCIAL GROUP,INC. Banks 18,558,500 3,044.13 56,494,553,816 3,245.00 60,222,332,500 0.89
HONDA Japan Stock MOTOR Transportation CO.,LTD. Equipment 21,407,800 2,734.95 58,549,337,734 2,764.50 59,181,863,100 0.87
HITACHI,LT Japan Stock D. Electric Appliances 13,072,700 3,440.69 44,979,167,947 4,306.00 56,291,046,200 0.83
ITOCHU Japan Stock CORPORATI ON Wholesale Trade 18,730,500 2,354.44 44,099,995,434 2,997.50 56,144,673,750 0.83
SMC Japan Stock CORPORATI ON Machinery 796,200 56,934.95 45,331,607,190 63,360.00 50,447,232,000 0.75
MIZUHO Japan Stock FINANCIAL GROUP,INC. Banks 36,439,600 1,326.01 48,319,386,924 1,378.50 50,231,988,600 0.74
Japan Stock KAO CORPORATI ON Chemicals 6,510,100 8,462.60 55,092,407,328 7,597.00 49,457,229,700 0.73
CHUGAI PHARMACE Japan Stock UTICAL CO.,LTD. Pharmaceutical 8,504,300 5,468.56 46,506,328,286 5,472.00 46,535,529,600 0.69
TOKIO MARINE Japan Stock HOLDINGS, INC. Insurance 8,888,900 4,694.88 41,732,318,832 5,133.00 45,626,723,700 0.67
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ORIENTAL Japan Stock LAND CO.,LTD. Services 2,763,100 14,290.49 39,486,079,857 16,350.00 45,176,685,000 0.67
MITSUBISH I ELECTRIC Japan Stock CORPORATI ON Electric Appliances 27,188,400 1,414.05 38,445,903,393 1,594.50 43,351,903,800 0.64
MITSUBISH I Japan Stock CORPORATI ON Wholesale Trade 16,304,300 2,294.26 37,406,303,318 2,647.50 43,165,634,250 0.64
b. Investment Ratios by Type and Industry
Investment Domestic/ Type Industry Ratio International (%) Stock Domestic Fishery, Agriculture & Forestry 0.09 Mining 0.15 Construction 2.28 Foods 3.55 Textiles and Apparels 0.49 Pulp and Paper 0.25 Chemicals 7.61 Pharmaceutical 5.99 Oil and Coal Products 0.41 Rubber Products 0.56 Glass and Ceramics Products 0.79 Iron and Steel 0.60 Nonferrous Metals 0.73 Metal Products 0.59 Machinery 5.74 Electric Appliances 18.04 Transportation Equipment 6.75 Precision Instruments 2.68 Other Products 2.49 Electric Power and Gas 1.34 Land Transportation 3.43 Marine Transportation 0.18 Air Transportation 0.40 Warehousing and Harbor Transportation Service 0.17 Information & Communication 9.21 Wholesale Trade 4.52 Retail Trade 4.73 Banks 4.56 Securities and Commodities Futures 0.75
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Insurance 1.85 Other Financing Business 1.11 Real Estate 1.89 Services 5.58 Total 99.50
ii) Real Estate Properties Invested In N/A
iii) Other Major Assets Invested In
Type of Contract Market Investment Invested Stock Exchange Stock Name Type Q t y. Currency Value, Etc. Value Ratio (%) Assets (yen) (yen) Stock Osaka TOPIX futures Long 1,875 JPY 33,637,824,750 33,825,000,000 0.50 Price Exchange 2021-03 position Index Futures Trading
Note: Futures trading are valued at either the clearing price or the closing price, published by the primary exchange.
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(3) Past Performance i) Changes in Net Assets
Total Net Assets (million yen) Net Asset Value per Unit (yen) TSE Quoted Period Ex-dividend With dividend Ex-dividend With dividend Price (yen)
As of the end of the July 8, 259,711 264,533 865.65 881.72 868 10th calculation period 2011
As of the end of the July 8, 378,397 384,822 768.54 781.59 769 11th calculation period 2012
As of the end of the July 8, 602,953 612,496 1,173.87 1,192.45 1,174 12th calculation period 2013 As of the end of the July 8, 790,486 803,304 1,280.23 1,300.99 1,281 13th calculation period 2014 As of the end of the July 8, 1,238,974 1,255,990 1,593.91 1,615.80 1,595 14th calculation period 2015 As of the end of the July 8, 1,149,571 1,173,804 1,217.26 1,242.92 1,216 15th calculation period 2016 As of the end of the July 8, 2,366,170 2,403,721 1,624.47 1,650.25 1,624 16th calculation period 2017 As of the end of the July 8, 3,351,921 3,413,173 1,712.85 1,744.15 1,713 17th calculation period 2018 As of the end of the July 8, 4,151,311 4,238,348 1,601.15 1,634.72 1,602 18th calculation period 2019 As of the end of the July 8, 5,396,794 5,507,352 1,586.45 1,618.95 1,586 19th calculation period 2020 As of the end of January 2020 4,847,127 ― 1,727.85 ― 1,725 As of the end of February 2020 4,427,792 ― 1,550.16 ― 1,554 As of the end of March 2020 4,318,347 ― 1,457.22 ― 1,456 As of the end of April 2020 4,839,856 ― 1,520.17 ― 1,520 As of the end of May 2020 5,339,272 ― 1,623.45 ― 1,619 As of the end of June 2020 5,470,933 ― 1,620.62 ― 1,618 As of the end of July 2020 5,223,479 ― 1,524.02 ― 1,523 As of the end of August 2020 5,747,391 ― 1,648.41 ― 1,646 As of the end of September 5,879,208 ― 1,669.45 ― 1,668 2020 As of the end of October 2020 5,800,789 ― 1,622.07 ― 1,624 As of the end of November 6,483,647 ― 1,802.79 ― 1,801 2020 As of the end of December 2020 6,695,796 ― 1,856.08 ― 1,857 As of the end of January 2021 6,764,775 ― 1,860.24 ― 1,860
Note: When the last day of a calculation period fell on a day when the Tokyo Stock Exchange (TSE) was closed, the closing price on the exchange’s business day immediately preceding the closed day is shown as the TSE Quoted Price.
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ii) Dividends Paid
Calculation Period Period Dividend per Unit (yen)
10th Jul. 9, 2010 – Jul. 8, 2011 16.0700
11th Jul. 9, 2011 – Jul. 8, 2012 13.0500
12th Jul. 9, 2012 – Jul. 8, 2013 18.5800
13th Jul. 9, 2013 – Jul. 8, 2014 20.7600 14th Jul. 9, 2014 – Jul. 8, 2015 21.8900
15th Jul. 9, 2015 – Jul. 8, 2016 25.6600
16th Jul. 9, 2016 – Jul. 8, 2017 25.7800
17th Jul. 9, 2017 – Jul. 8, 2018 31.3000
18th Jul. 9, 2018 – Jul. 8, 2019 33.5700
19th Jul. 9, 2019 – Jul. 8, 2020 32.5000
Latest Interim Period Jul. 9, 2020 – Jan. 8, 2021 ―
iii) Past Returns
Calculation Period Period Returns (%)
10th Jul. 9, 2010 – Jul. 8, 2011 3.65
11th Jul. 9, 2011 – Jul. 8, 2012 (9.71)
12th Jul. 9, 2012 – Jul. 8, 2013 55.16
13th Jul. 9, 2013 – Jul. 8, 2014 10.83
14th Jul. 9, 2014 – Jul. 8, 2015 26.21
15th Jul. 9, 2015 – Jul. 8, 2016 (22.02)
16th Jul. 9, 2016 – Jul. 8, 2017 35.57
17th Jul. 9, 2017 – Jul. 8, 2018 7.37
18th Jul. 9, 2018 – Jul. 8, 2019 (4.56)
19th Jul. 9, 2019 – Jul. 8, 2020 1.11
Latest Interim Period Jul. 9, 2020 – Jan. 8, 2021 20.25
Note: The returns for each calculation period were obtained by first adding the Net Asset Value per Unit (ex dividends) as of the end of the calculation period and the dividends for the relevant calculation period and then deducting the Net Asset Value per Unit as of the end of the calculation period immediately preceding the relevant calculation period (ex dividends; hereinafter referred to as the “the Net Asset Value per Unit as of the end of the preceding calculation period”), and then dividing the difference by the Net Asset Value per Unit as of the end of the preceding calculation period, and multiplying the result by 100. iv) Past Creation and Cancellation
Number of Units Number of Units Calculation Period Period Created Cancelled (Units) (Units)
10th Jul. 9, 2010 – Jul. 8, 2011 72,871,300 38,684,676 31
11th Jul. 9, 2011 – Jul. 8, 2012 263,649,600 71,312,149
12th Jul. 9, 2012 – Jul. 8, 2013 199,396,100 178,109,648
13th Jul. 9, 2013 – Jul. 8, 2014 216,920,100 113,108,630
14th Jul. 9, 2014 – Jul. 8, 2015 337,726,500 177,866,039
15th Jul. 9, 2015 – Jul. 8, 2016 240,119,800 73,043,677
16th Jul. 9, 2016 – Jul. 8, 2017 757,397,200 245,213,668
17th Jul. 9, 2017 – Jul. 8, 2018 658,406,900 158,062,049
18th Jul. 9, 2018 – Jul. 8, 2019 730,718,600 94,941,417
19th Jul. 9, 2019 – Jul. 8, 2020 898,361,100 89,264,353
Latest Interim Period Jul. 9, 2020 – Jan. 8, 2021 269,065,600 51,369,498
Note: The number of units cancelled represents the number of units exchanged.
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(Referenced Material)
As of January 29, 2021
Changes in NAV/Net Assets End- January 2011～End- January 2021
NAV………..……..¥186,024 Net Assets……… ¥6,764.7 billion
*NAV is the price per 100 units after management fees (trust fees) have been deducted. *Dividend-included NAV is calculated based on the NAV as of the end of January, 2011. *Please be aware that the dividend-included NAV is a theoretical value calculated with dividends reinvested (before tax) for the past 10 years, if there are dividends..
Dividends Paid (before tax, per 100 units) Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Cumulative JPY 2,566 JPY 2,578 JPY 3,130 JPY 3,357 JPY 3,250 JPY 38,766
Status of Major Assets
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Name Sector % 1 TOYOTA MOTOR CORPORATION Transportation Equipment 2.97％ 2 SOFTBANK GROUP CORP. Information & Communication 2.54％ 3 SONY CORPORATION Electric Appliances 2.53％ 4 KEYENCE CORPORATION Electric Appliances 2.21％ 5 NINTENDO CO.,LTD. Other Products 1.39％ 6 NIDEC CORPORATION Electric Appliances 1.34％ 7 SHIN-ETSU CHEMICAL CO.,LTD. Chemicals 1.32％ 8 MITSUBISHI UFJ FINANCIAL GROUP,INC. Banks 1.27％ 9 RECRUIT HOLDINGS CO.,LTD. Services 1.25％ 10 TAKEDA PHARMACEUTICAL COMPANY LIMITED Pharmaceutical 1.24％ *As Percentage of total assets.
Past Annual Returns
*The annual rates of return are calculated with dividends reinvested (before tax). *The figure for 2021 shows fluctuations in the percentage up until the end of January 2021.
*The above graph represents past performance and does not guarantee future investment results. *Investment performance of the Fund will be disclosed on the Management Company website.
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II. Administration and Operation 1. Procedures for Subscription (Sale), Etc. i) Subscription Method Investors wishing to purchase Units may do so by surrendering shares of stocks they own in accordance with the method specified by the respective Distributors. The composition of such shares of stocks must correspond to the ratio of the shares of stocks comprising TOPIX as determined by the Management Company. Investors also pay fees that are set independently by the Distributors, as well as an amount equal to the consumption taxes levied on such fees. Such payments are due at the time of applying for subscription. When the market value of the shares surrendered is less than the market value of the number of Units to be acquired (the number of Units requested for purchase times the Net Asset Value per Unit as of the date on which the application is accepted), a cash payment may be used strictly to make up for the difference. When an investor applying to purchase Units is the issuer of a stock that is included in the TOPIX or such an issuer’s subsidiary (as defined in Article 2, Item 3 of the Companies Act; the subsidiary is to be hereinafter referred to jointly with the issuing corporation as an “Issuing Company, Etc.”), the portion of the shares required for its subscription that pertains to the stock of the Issuing Company, Etc. may be paid in cash in the amount equal to the market value of such shares. The fund is listed on the Tokyo Stock Exchange. The Management Company complies with all rules established by the Exchange, and subjects itself to any disciplinary action taken by the Exchange in accordance with its own rules, including suspension of trading or delisting from the Exchange. ii) Acceptance of Applications Applications are accepted on the days Distributors are open for business. iii) Hours of Operation As a general rule, applications that are complete in accordance with the procedures established by the Distributors by 3 p.m. are deemed to have been accepted on the day. When the applicant is the Issuing Company, Etc. of a TOPIX-comprising stock, however, the cut-off time is 2 p.m. Distributors may have different cut-off times and methods for application. Please check with your Distributor for details of specific times and methods. iv) Applications for subscription are not accepted: a. During the three business days starting from the business day prior to the ex-right day (excluding the ex-dividend day) of any TOPIX-comprising stock. b. During the six business days starting from the day which is three business days prior to the date on which stocks comprising TOPIX are changed, or the number of their shares changes as the result of a capital increase, decrease, etc. c. During the two business days starting from the day which is two business days prior to the last day of each calculation period (if the last day of the calculation period is a holiday, then during the three business days starting from the day which is three business days prior to the last day of each calculation period). d. During the five business days immediately preceding the termination day of the trust, if the fund terminates its trust.
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e. Any time the Management Company determines that circumstances have developed that could prevent it from making investments in accordance with the basic investment policies set forth in the trust deed, in addition to the days referred to in a. through d. above. v) Blocks of Units for Subscription An application is accepted only in whole-number multiples of the minimum number of Units. The minimum number of Units is the market value of the Unit Shares divided by the Net Asset Value per Unit that is effective on the day the application is accepted (and rounded up to the nearest 100). vi) Suspension and Cancellation of Acceptance The Management Company may suspend the acceptance of applications or cancel the accepted applications when there are causes beyond its control, including the suspension of trading on a stock exchange*, and halting of settlement functions. * Financial instruments exchange as defined in Article 2, Paragraph 16 of the Financial Instruments and Exchange Act, and foreign financial instruments markets as defined in Article 2, Paragraph 8, Item 3-b of the Financial Instruments and Exchange Act.
2 Redemption (Cancellation) Procedures, Etc. i) Cancellation of Units Unitholders may not request cancellation during the trust term. ii) Exchange of Units with Stocks in the Trust Assets a. Any unitholder may request a Distributor designated by the Management Company for an exchange (hereinafter referred to as “Exchange”) of his or her Units whose number is a whole-number multiple of the minimum number of units for which an exchange can be requested with shares of stocks that are equivalent to the Units’ share of the trust assets. The minimum number of Units for which an exchange can be requested means the number of Units specified by the Management Company as the number of Units that, when multiplied by the Net Asset Value per Unit effective on the date the Exchange is requested, would equal the total market value of the shares of stocks comprising TOPIX which the Management Company expects will track TOPIX on the date the Exchange is requested. b. The number of shares of each stock that a unitholder can acquire through an Exchange is the number of shares calculated based on the Net Asset Value per Unit effective on the date the Exchange is requested and shall be a whole-number multiple of the minimum block for trade specified by the financial instruments exchange (hereinafter referred to as the “Minimum Block of Shares Traded on the Exchange”). c. Exchange requests that are accepted by the Management Company by 3 p.m. are treated as having been accepted on the day. When the unitholder is the Issuing Company, Etc. of a TOPIX-comprising stock, however, the cut-off time is 2 p.m. Distributors may have different cut-off times and methods for Exchange requests. Please check with your Distributor for details of specific times and methods. d. At the time of an Exchange, unitholders shall pay fees that are set independently by the Distributors, as well as an amount equal to the consumption taxes levied on such fees. e. Requests for Exchanges are not accepted on the following days or periods:
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a) During the three business days starting from the business day prior to the ex-right day (excluding the ex-dividend day) of any TOPIX-comprising stock. b) During the six business days starting from the day which is three business days prior to the date on which stocks comprising TOPIX are changed, or the number of their shares changes as the result of a capital increase, decrease, etc. c) During the two business days starting from the day which is two business days prior to the last day of each calculation period (if the last day of the calculation period is a holiday, then during the three business days starting from the day which is three business days prior to the last day of each calculation period).
d) During the five business days immediately preceding the termination day of the trust, if the fund terminates its trust. e) Any time the Management Company determines that circumstances have developed that could prevent it from investing in accordance with the basic investment policies set forth in the trust deed, in addition to the days referred to in a) through d) above. f. In the event that a unitholder requesting an Exchange is the Issuing Company, Etc. of a stock that is included in the Exchange, the Management Company first deducts the number of Units equivalent to the total market value of the shares of the Issuing Company, Etc. from the number of Units accepted for the Exchange, and then exchanges the resulting number of Units with a whole-number multiple of the Minimum Block of Shares Traded on the Exchange (excluding the shares of the Issuing Company, Etc.). g. When delivering the exchanged equities to the beneficiary, as a general rule, an increase in the number of equities pertaining to the beneficiary who made the request for exchange will be entered or recorded in the account with the Book-entry Transfer Institution from the third business day after and including the day on which a request for an exchange is made. h. The Management Company may suspend the acceptance of requests for an Exchange or cancel the requests for an Exchange that have been accepted in the event that trading on a stock exchange is suspended, settlement functions are halted, or it determines that there is a possibility that investment in accordance with the basic investment policies set forth in the trust deed will be hindered. i. In the event that acceptance of requests for an Exchange is suspended, unitholders may withdraw their requests for an Exchange that they submit on the day the acceptance is suspended. If unitholders do not withdraw their Exchange requests, however, the requests are treated as if they were accepted on the first day that the Net Asset Value per Unit is calculated following the lifting of the acceptance suspension.
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iii) Buyback of Units a. A unitholder may request a Distributor designated by the Management Company to buy back his or her Units if the total number of Units he or she owns is less than the minimum trading lot for the Units established by the financial instruments exchange. b. As a general rule, requests that are complete in accordance with the procedures established by the Distributors designated by the Management Company by 3 p.m. are deemed to have been accepted on the day. The buyback price of the Units is the Net Asset Value per Unit effective as of the day the buyback is agreed on. c. At the time of a buyback, a unitholder pays his or her Distributor fees that are set independently by the Distributor, as well as an amount equal to the consumption taxes levied on such fees. d. The Distributors designated by the Management Company may suspend buybacks or cancel the buybacks already accepted upon consultation with the Management Company in the event that trading on the financial instruments exchange is suspended, settlement functions are halted, or a circumstance beyond their control develops. e. In the event that acceptance of requests for buybacks is suspended, unitholders may withdraw their requests for buybacks that they submit on the day the acceptance is suspended. If unitholders do not withdraw their requests for buybacks, however, the requests are treated as if they were accepted on the first day that the Net Asset Value per Unit is calculated following the lifting of the acceptance suspension. 3 Overview of Asset Management, Etc. (1) Valuation of Assets i) Calculation of the Net Asset Value per Unit The Net Asset Value per Unit is computed on every business day of the Management Company. The Net Asset Value per Unit means an amount obtained by first calculating the total value of the trust assets by valuing individual assets that comprise the trust assets (excluding securities received in place of cash collateral), deducting total liabilities from the total value, and finally dividing the difference (which is the total net assets) by the total number of Units outstanding on the date the calculation is made. The fund may be shown in an amount that has been converted to per 100 units.
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(a) Total value of the trust assets = All of the securities, etc. included in the fund, valued at market price Total net assets = (a) total value of the trust assets, less (b) total (b) Total liabilities liabilities (expenses and other costs required for managing the Fund) Net Asset Value per Unit = Total net assets divided by the total number of Units as of the calculation date (a) Total value of the trust assets Total net assets Net Asset Value per Unit
(a) − (b)
ii) Basis of Securities Evaluation The assets that are in the trust assets are marked to market in accordance with laws and regulations, as well as the rules of The Investment Trusts Association, Japan.
(2) Custody N/A (3) Trust Term The trust term is unlimited. (The inception occurred on December 20, 2001.) However, the trust may be terminated upon cancellation of the trust deed pursuant to the provisions of the trust deed. (4) Calculation Period Each calculation period runs from July 9 of a given year to July 8 of the following year. (5) Other i) Termination of the Trust (Early Redemption) 1) The Management Company may, with the consent of the Trustee Company, cancel the trust deed and redeem the Units prior to their maturity.
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2) In such an event, the Management Company must publicly announce its intent for early redemption and the reason for it, and notify all known unitholders in writing in advance. As a general rule, however, public notice is not required when all unitholders are notified in writing. 3) Any unitholder who objects to such early redemption may voice his or her objections within a specified period (to be determined by the Management Company but not to be less than one month; the same applies hereunder). (Please refer to the “Declaration of Objections” that follows.) 4) The Management Company cancels the trust deed and redeems the Units prior to their maturity in any of the following events. In any such event, the provisions of the “Declaration of Objections” that follows are waived. a) The number of Units falls below three million; b) The Units are delisted from all the financial instruments exchanges on which they have been listed; c) TOPIX is abolished; d) Any amendment to the trust deed deemed necessary by the Management Company or the Trustee Company as a result of a change in the calculation method, etc. of TOPIX is not made due to declaration of objections; e) There are truly unavoidable circumstances in view of the status of the trust assets and it is difficult to give a public notice and written notice within a specified period; f) The Management Company receives an order from the supervisory authorities to cancel the trust deed; g) The Management Company’s license is revoked by the supervisory authorities or if the Management Company is liquidated or discontinues its business (excluding cases where the supervisory authorities order that the business of the Management Company under the trust deed be transferred to another management company and, as a result of declaration of objections, amendments to the trust deed are made); or h) The Trustee Company resigns from its duties by obtaining approval from the Management Company or is removed for breach of its duties and the Management Company fails to appoint a new trustee company. 5) Prior to the actual early redemption, the Management Company must notify the supervisory authorities of its intent to so do. ii) Amendments to the Trust Deed 1) The Management Company may, upon agreement with the Trustee Company, amend the trust deed. When amending the trust deed, the Management Company must notify the supervisory authorities of its intent for amendment in advance. 2) When any such amendment has significant implications, the Management Company must publicly announce its intent for such an amendment and its content, and notify all known unitholders in writing in advance. As a general rule, however, public notice is not required when all unitholders are notified in writing. 3) Any unitholder opposing such an amendment to the trust deed may raise his or her objections within a certain period. (Please refer to the “Declaration of Objections” that follows.)
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4) The provisions of the “Declaration of Objections” that follow apply when the Management Company amends the trust deed, due to an order by the supervisory authorities. iii) Declaration of Objections 1) Unitholders may voice their objections to an early redemption or a significant amendment to the trust deed to the Management Company within a set period in accordance with prescribed procedures. In the event that the number of Units of the unitholders raising their objections within the set period exceeds half of the total number of Units, no early redemption or amendment to the trust deed may be executed. 2) In the event that the Management Company decides against an early redemption or an amendment to the trust deed, it must publicly announce its intent and the reason for the decision, and notify all known unitholders in writing. As a general rule, however, public notice is not required when all unitholders are notified in writing. 3) In the event that the number of Units of the unitholders raising objections within the set period does not exceed half of the total number of Units and the Management Company proceeds with an early redemption or an amendment to the trust deed, the unitholders raising objections may request the Trustee Company to buy back their Units by applying the trust assets.
ory
Objectors do not
constitute majority (based on the number of Units) deed objection objection
buyback request
acceptance authorities
for Earlyredemption request acceptance Endof Amendment tothe trust notice A report to the supervis the to report A Commencementof buyback
Period for objection acceptance
Public notice Written acceptance Objectors constitute Redemption or (at least 1 month) majority amendment is aborted (based on the Public Notice End of the period period the of End number of Units) Written Notice
iv) Public Notice Public notices are published in The Nikkei. v) Exchanges upon Trust Termination, Etc. 1) In the event that the fund terminates its trust, unitholders who hold the number of Units necessary for an Exchange are given in lieu of such Units shares of stocks that correspond to their Units’ share in the trust assets at the time of trust termination in exchange for the book-entry transfer Units listed or recorded in the book-entry transfer account book. 2) Exchanges are handled by the Distributors designated by the Management Company. 3) The number of shares of each stock that unitholders acquire is the number of shares computed based on the redemption value, and is a whole-number multiple of the Minimum Block of Shares Traded on the Exchange. 4) Unitholders pay fees that are independently established by the Distributors and an amount equal to the consumption taxes levied on such fees at the time of the Exchange.
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5) In the event that a unitholder is an Issuing Company, Etc. of a stock that comprises TOPIX, his or her Units that are equal in value to the total market value of the shares of the Issuing Company, Etc. are repaid in the form of cash. 6) A unitholder who does not hold the number of Units necessary for an Exchange requests a Distributor designated by the Management Company to buy back his or her Units at the redemption price. In such an event, the unitholder pays fees that are independently established by the Distributor and an amount equal to the consumption taxes levied on such fees. 7) In the event that a unitholder does not make any request for an Exchange with stocks or a repayment in cash for a buyback within ten years following the termination of the trust, his or her rights are forfeited and revert to the Management Company. vi) Preparation of Investment Report Pursuant to the Act on Investment Trusts and Investment Corporations, investment reports will not be prepared or delivered. vii) Agreements with Affiliated Corporations The effective term of an agreement on the handling of offerings, etc. entered into with a Distributor shall be one year from the date of such agreement. However, such agreement shall be automatically renewed for one year and so on thereafter if neither the Distributor nor the Management Company manifests intentions to the contrary three months prior to the expiration date.
4 Unitholders’ Rights, Etc. Primary rights of unitholders are as follows: i) Right to receive income dividends Unitholders are determined through name registration procedures and such unitholders receive payment of income distribution. The fund’s income distributions are paid to unitholders whose names are registered with the Trustee Company as of the last day of the calculation period. The unitholders may register their names via handling companies. Unitholders whose names or corporate names and addresses are registered with the Trustee Company as of the last day of the calculation period are entitled to receive an income distribution of the fund that is in proportion to the number of Units they have registered. Unitholders whose names are not registered with the Trustee Company as of the last day of the calculation period are not entitled to receive income distributions even if they are owners of beneficiary certificates. If a unitholder fails to claim an income distribution within five years from the date of commencement of payment thereof, such right will be forfeited and such money will revert to the Management Company. ii) Right to exchange Units with shares held in the trust assets Unitholders may request to exchange a minimum of a certain number of Units with shares held in the trust assets equivalent to their interests. However, if a unitholder fails to request for an exchange with shares or a repayment in cash for a buyback which are the results of termination of the trust within ten years from such termination of the trust, such rights are forfeited and revert to the Management Company
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iii) Right to request a buyback of Units A unitholder may request a Distributor to buy back his or her Units if the total number of Units he or she owns is less than the minimum trading lot for the Units established by the financial instruments exchange. iv) Right to examine books A unitholder may make a request to the Management Company to examine the books and documents for the fund’s trust assets during the business hours of the Management Company.
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III. Financial Condition of the Fund
(1) The Financial Statements of the fund are prepared in accordance with the Ordinance on Terminology, Forms and Preparation Methods of Financial Statements, etc. (Ministry of Finance Ordinance No. 59 of 1963; hereinafter referred to as “Financial Statements Regulation”) and the Ordinance on Accountings of Investment Trust Property (Cabinet Office Ordinance No. 133 of 2000), pursuant to the provisions of Article 2-2 of the Financial Statements Regulation. The Financial Statements are stated in Japanese yen. (2) Pursuant to Article 193-2 Paragraph 1 of the Financial Instruments and Exchange Act, the Fund’s Financial Statements for the 19th calculation period (from July 9, 2019 to July 8, 2020) have been audited by PricewaterhouseCoopers Aarata LLC.
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Independent Auditors’ Report
August 5, 2020
The Board of Directors Nikko Asset Management Co., Ltd.
PricewaterhouseCoopers Aarata LLC Tokyo Office Designated Limited Liability Certified Public Accountant Partner Takashi Sasaki Engagement Partner
Designated Limited Liability Certified Public Accountant Partner Kota Sakakibara Engagement Partner
Opinion We have audited the financial statements, comprising the balance sheet, the statement of profit and loss and retained earnings and the related notes, and the supplementary schedules for Listed Index Fund TOPIX for the calculation period from July 9, 2019 to July 8, 2020 shown in “Financial Condition of the Fund” to provide audit certification in accordance with Article 193-2, Paragraph 1, of the Financial Instruments and Exchange Act. In our opinion, the accompanying financial statements present fairly, in all material respects, the Trust Assets position of Listed Index Fund TOPIX as at July 8, 2020, and its profit and loss performance for the year then ended in accordance with accounting principles generally accepted in Japan.
Basic for Opinion We conducted our audit in accordance with auditing standards generally accepted in Japan. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements. We are independent of Nikko Asset Management Co., Ltd. and the Fund in accordance with the ethical requirements that are relevant to our audit of the financial statements in Japan, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in Japan, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Fund’s ability to continue as a going concern and disclosing, as applicable, matters related to going concern.
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in Japan will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with auditing standards generally accepted in Japan, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
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- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, while the purpose of the financial statement audit is not to express and opinion on the effectiveness of the Group’s internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. - Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Fund’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Fund to cease to continue as a going concern. - Evaluate whether the presentation and disclosures of the financial statements are in accordance with accounting principles generally accepted in Japan, overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Interest Our firm and engagement partners have no interest in the Nikko Asset Management Co., Ltd. and the fund which should be disclosed pursuant to the provisions of the Certified Public Accountants Act.
(Note) The above is a digitized copy prepared by the Company based on the original of the audit report, and the original has been retained separately by the Company.
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1 Financial Statements
Listed Index Fund TOPIX
(1) Balance Sheet (Unit: yen) 18th Year 19th Year As of July 8, 2019 As of July 8, 2020 Assets Current Assets Money in trust 374,372,523,377 585,147,874,715 Call loans 41,346,216,094 52,622,201,269 Stocks 4,141,481,958,710 5,382,406,775,600 Receivables 47,092,570,890 69,823,608,150 Dividends receivable 5,188,210,649 6,549,006,426 Prepaied expenses - 1,084,405,100 Other accrued income 1,228,613,865 2,022,266,492 Total Current Assets 4,610,710,093,585 6,099,656,137,752 Total Assets 4,610,710,093,585 6,099,656,137,752 Liabilities Current Liabilities Valuation account of derivatives 898,560 389,000,400 Advances received 1,380,112,100 - Accounts payable 2,221,220 1,222,103,100 Dividends payable 87,036,895,056 110,558,351,735 Trustee fees payable 1,426,925,221 1,749,136,519 Trustor fees payable 2,726,950,467 3,385,671,144 Interest payable 76,654 27,623 Cash collateral held 366,486,539,054 585,147,874,715 Other accrued expenses 338,352,406 409,379,294 Total Current Liabilities 459,398,970,738 702,861,544,530 Total Liabilities 459,398,970,738 702,861,544,530 Net Assets Principal, etc. Principal 2,584,920,594,927 3,391,590,051,686 Retained Earnings Retained earnings (loss) at 1,566,390,527,920 2,005,204,541,536 the end of the year (Reserve for distribution) 41,301,280 44,620,102 Total Principal, Etc. 4,151,311,122,847 5,396,794,593,222 Total Net Assets 4,151,311,122,847 5,396,794,593,222 Total Liabilities and Net Assets 4,610,710,093,585 6,099,656,137,752
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(2) Statement of Profit and Loss and Retained Earnings (Unit: yen) 18th Calculation Period 19th Calculation Period From July 9, 2018 From July 9, 2019 To July 8, 2019 To July 8, 2020 Operating Revenue Dividend income 87,350,086,515 110,730,763,018 Interest income 187,797 26,416 Gain or loss on sales of securities 249,061,622,335 △5,859,535,538 Gain or loss on derivative trading 3,001,944,820 6,681,006,960 △ Other income 5,011,491,817 6,478,656,679 △ Total operating revenue 159,701,801,026 118,030,917,535
Operating Expenses △ Interest paid 7,508,967 8,400,431 Trustee fees 1,426,925,221 1,749,136,519 Trustor fees 2,726,950,467 3,385,671,144 Other expenses 1,179,808,002 1,504,567,462 Total operating expenses 5,341,192,657 6,647,775,556 Operating income or operating loss 165,042,993,683 111,383,141,979 Ordinary income or ordinary loss 165,042,993,683 111,383,141,979 △ Net Income or Net Loss for the Period 165,042,993,683 111,383,141,979 △ Distribution of net income for the period △ ancillary to partial conversions or - - distribution of net loss for the year ancillary to partial conversions Retained earnings or loss at the 1,400,870,954,237 1,566,390,527,920 beginning of the period An increase in retained earnings or a 482,456,439,283 484,376,687,231 decrease in loss An increase in retained earnings or a decrease in loss ancillary to partial - - conversions during the period An increase in retained earnings or a decrease in loss ancillary to additional 482,456,439,283 484,376,687,231 trust creations during the period A decrease in retained earnings or an 64,856,976,861 46,387,463,859 increase in loss A decrease in retained earnings or an increase in loss ancillary to partial 64,856,976,861 46,387,463,859 conversions during the period A decrease in retained earnings or an increase in loss ancillary to additional - - trust creations during the period Distribution 87,036,895,056 110,558,351,735 Retained earnings (loss) at the end of the 1,566,390,527,920 2,005,204,541,536 year
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(3) Notes
(Notes regarding Significant Accounting Policies)
1. Standards and methods of Stocks are valued at fair market value in principle, based on the moving securities valuation average method as stated below. (1) Securities Listed on a Stock Exchange As a general rule, securities that are listed on a stock exchange are valued at the closing price on the exchange on the last day of the calculation period (or the closing price on the closest known day to the last day of the calculation period for foreign currency-denominate securities). (2) Securities Not Listed on a Stock Exchange As a general rule, these securities are valued at a price obtained from either the OTC Trading Reference Statistical Data (average price), etc., published by the Japan Securities Dealers Association; or prices offered by financial instruments business operators, banks, etc. (excluding bid prices); or prices offered by price providing companies (3) Securities for which Fair Market Value Could Not Be Obtained When fair market value is not available or when there is a reason to believe that an obtained assessment value cannot be determined to be the market value, the securities are valued at either the price that the Investment Trust Management Company establishes to be the market value by exercising due diligence and by basing its determination on a rational reason, or the value that is determined to be the market value jointly by the Investment Trust Management Company and the Trustee upon mutual consultation and based on a rational reason. 2. Standards and methods of Derivatives Transactions derivatives evaluation As a general rule, derivatives transactions are valued at fair market value, based on the specific identification method.
(Notes to the Balance Sheet)
18th Year 19th Year
As of July 8, 2019 As of July 8, 2020 1. Principal at the beginning of the 1,951,050,743,476 yen 2,584,920,594,927 yen year Additional creation of principal 728,526,444,200 yen 895,666,016,700 yen during the year Partial conversion of principal 94,656,592,749 yen 88,996,559,941 yen during the year 2. Total number of beneficial 2,592,698,691 units 3,401,795,438 units interests 3. Pledged assets Assets pledged as collateral in the form of collateral securities deposited as margin in relation to derivatives transactions are as follows: Stocks 3,710,137,730 yen 23,571,002,310 yen 4. Securities loaned under lending and borrowing contracts for securities are as follows: Stocks 346,757,951,130 yen 549,199,426,950 yen
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(Notes to Statement of Profit and Loss and Retained Earnings)
18th Year 19th Year From July 9, 2018 From July 9, 2019 To July 8, 2019 To July 8, 2020 Process for calculation of dividends Process for calculation of dividends A Dividends and other 92,354,257,162 yen A Dividends and other 117,201,045,682 yen income for the period income for the period B Reserve for distribution 57,622,864 yen B Reserve for distribution 41,301,280 yen C Total dividends and other 92,411,880,026 yen C Total dividends and other 117,242,346,962 yen income (A+B) income (A+B) D Miscellaneous expenses 5,333,683,690 yen D Miscellaneous expenses 6,639,375,125 yen E Possible amount of 87,078,196,336 yen E Possible amount of 110,602,971,837 yen dividend (C-D) dividend (C-D) F Profit distribution 87,036,895,056 yen F Profit distribution 110,558,351,735 yen G Carry forward (Reserve 41,301,280 yen G Carry forward (Reserve 44,620,102 yen for distribution) (E-F) for distribution) (E-F) H Number of units 2,592,698,691 units H Number of units 3,401,795,438units I Dividend amount 3,357 yen I Dividend amount 3,250 yen (per 100 units) (per 100 units)
(Notes Regarding Financial Instruments)
I Matters concerning the state of financial instruments
18th Year 19th Year From July 9, 2018 From July 9, 2019 To July 8, 2019 To July 8, 2020 Policy on handling of financial The fund makes investments in instruments financial instruments such as securities and derivative transactions as Same as left securities investment trusts based on the basic investment policy prescribed in the trust deed. Details of financial instruments and Major securities in which the fund risk involved in financial instruments invests are securities stated in the “Standards and methods of securities valuation” of the “Notes regarding Significant Accounting Policies,” and all the securities are held for the purpose of trading. Major derivative transactions include futures Same as left transactions and option contracts, etc. and may be carried out to contribute to the effective investment of assets belonging to trust assets. Price fluctuation risk, liquidity risk and credit risk, etc. are involved in the securities and derivative transactions concerned according to their nature. Risk management system for The Risk Management Department, an financial instruments organization independent from Management Division and the Sales Same as left Division, is established to centralize the monitoring and guidance of the entire company’s risk management activities.
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II Matters concerning the fair market value, etc. of financial instruments
18th Year 19th Year As of July 8, 2019 As of July 8, 2020 Amount recorded on balance sheet, Amounts are recorded on the balance fair market value and difference sheet based on fair market values as of Same as left between them the end of the fiscal year, and there is therefore no difference between them. Method of calculation of fair market (1) Securities (1) Securities value Securities held for the purpose of trading: Stated in the “Standards and methods Same as left of securities valuation” of the “Notes regarding Significant Accounting Policies” (2) Derivative transactions (2) Derivative transactions Stated in the “Notes regarding Same as left derivative transactions, etc.” (3) Financial instruments other than (3) Financial instruments other than the above the above These financial instruments will be settled within a short period of time, and their fair market values approximate their book values. The fair Same as left market value of these financial instruments is therefore determined as their book value. Supplementary explanations The fair market values of financial regarding the matters concerning the instruments include values based on fair market value, etc. of financial market prices, and if market prices are instruments not available, reasonably calculated Same as left values. Certain assumptions, etc. are used to calculate the values. If different assumptions, etc. are used, the values may be different.
(Notes Regarding Securities) 18th year (as of July 8, 2019) Securities held for the purpose of trading
(Unit: yen)
Valuation difference included in the profit and loss of the calculation Type period under review Stocks (233,667,279,385) Total (233,667,279,385)
19th year (as of July 8, 2020) Securities held for the purpose of trading
(Unit: yen)
Valuation difference included in the profit and loss of the calculation Type period under review Stocks (6,597,103,305) Total (6,597,103,305)
(Notes Regarding Derivative Transactions, etc.) Matters concerning the fair market value, etc. of transactions
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(Stock-related)
18th year (as of July 8, 2019)
(Unit: yen)
Category Type Contracted amount, etc. Longer Fair market value Valuation difference than one year Market Stock index transaction futures transactions New 9,844,161,600 － 9,843,600,000 (561,600) purchase Total 9,844,161,600 － 9,843,600,000 (561,600) 19th year (as of July 8, 2020)
(Unit: yen)
Category Type Contracted amount, etc. Longer Fair market value Valuation difference than one year Market Stock index transaction futures transactions New 14,791,050,000 － 14,402,560,000 (388,490,000) purchase Total 14,791,050,000 － 14,402,560,000 (388,490,000)
(Note) 1. Method for calculation of fair market value The fair market values of stock index futures transactions are assessed as follows: In principle, the fair market values of stock index futures transactions are assessed based on liquidation prices or closing prices announced by a principal stock exchange on the closest known day to the last day of the calculation period. Where such prices have not been announced, the fair market values of stock index futures transactions are assessed based on closing prices or quoted prices, etc. that are closest to the last day of the calculation period, using a method conforming to the principle. 2. The outstanding balance of stock index futures transactions is indicated based on contracted amounts. 3. Contracted amounts, etc. do not include an amount equivalent to fees. 4. The amount shown in the column of the total contracted amount, etc. or fair market value shows the total of the contracted amount, etc. or fair market value, respectively.
(Notes Regarding Transactions with Related Parties) There is no applicable item.
(Information per unit) 18th Year 19th Year As of July 8, 2019 As of July 8, 2020 Net assets per unit 1,601.15yen Net assets per unit 1,586.45yen (Net assets per 100 units) (160,115yen) (Net assets per 100 units) (158,645yen)
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(4) Supplementary Schedules 1 Schedule of Securities (1) Stocks (Unit: yen)
Valuation Remark Name Number of shares Loaned securities Unit Price Amount (shares)
KYOKUYO CO.,LTD. 117,000 2,733.00 319,761,000 500
NIPPON SUISAN KAISHA,LTD. 3,345,700 467.00 1,562,441,900 221,700
MARUHA NICHIRO 483,400 2,138.00 1,033,509,200 13,600 CORPORATION
KANEKO SEEDS CO.,LTD. 101,300 1,440.00 145,872,000 5,200
SAKATA SEED CORPORATION 398,900 3,260.00 1,300,414,000 11,900
HOKUTO CORPORATION 255,200 2,004.00 511,420,800 13,700
HOKURYO CO.,LTD. 51,800 646.00 33,462,800
SUMISEKI HOLDINGS,INC. 675,700 121.00 81,759,700 32,100
NITTETSU MINING CO.,LTD. 76,700 4,210.00 322,907,000 1,100
MITSUI MATSUSHIMA 129,900 792.00 102,880,800 2,400 HOLDINGS CO.,LTD.
INPEX CORPORATION 13,422,400 634.00 8,509,801,600 4,011,100
JAPAN PETROLEUM 437,200 1,815.00 793,518,000 40,800 EXPLORATION CO.,LTD.
K&O ENERGY GROUP INC. 162,400 1,455.00 236,292,000 1,700
HINOKIYA GROUP CO.,LTD. 83,100 1,552.00 128,971,200 4,000
SHO-BOND HOLDINGS 520,900 4,830.00 2,515,947,000 152,100 CO.,LTD.
MIRAIT HOLDINGS 994,300 1,566.00 1,557,073,800 336,400 CORPORATION
TAMA HOME CO.,LTD. 180,200 1,213.00 218,582,600 94,700
SANYO HOMES CORPORATION 29,000 633.00 18,357,000 16,200
NIPPON AQUA CO.,LTD. 133,000 607.00 80,731,000 29,400
FIRST-CORPORATION INC. 102,200 555.00 56,721,000 21,400
BESTERRA CO.,LTD 57,500 1,010.00 58,075,000 8,400
TATERU,INC. 689,600 182.00 125,507,200 311,100
CANDEAL CO.,LTD 55,400 536.00 29,694,400
SPACE VALUE HOLDINGS 408,000 356.00 145,248,000 1,500 CO.,LTD.
53
DAISEKI ECO.SOLUTION 64,400 811.00 52,228,400 CO.,LTD.
DAI-ICHI CUTTER KOGYO K.K. 41,300 2,388.00 98,624,400 500
MEIHO FACILITY WORKS LTD. 107,500 548.00 58,910,000 41,200
HAZAMA ANDO CORPORATION 1,992,300 602.00 1,199,364,600 14,400
TOKYU CONSTRUCTION CO., 979,900 540.00 529,146,000 50,700 LTD.
COMSYS HOLDINGS 1,186,400 3,115.00 3,695,636,000 95,400 CORPORATION
BR.HOLDINGS CORPORATION 364,400 572.00 208,436,800 13,900
TAKAMATSU CONSTRUCTION 208,200 2,365.00 492,393,000 7,500 GROUP CO.,LTD.
TOKEN CORPORATION 103,100 6,970.00 718,607,000 10,700
SONEC CORPORATION 34,400 789.00 27,141,600 23,900
YAMAURA CORPORATION 145,300 845.00 122,778,500 49,400
TAISEI CORPORATION 2,576,300 3,840.00 9,892,992,000 16,900
OBAYASHI CORPORATION 7,726,300 990.00 7,649,037,000 320,100
SHIMIZU CORPORATION 7,840,800 847.00 6,641,157,600 302,300
TOBISHIMA CORPORATION 221,600 1,055.00 233,788,000 14,000
HASEKO CORPORATION 2,991,000 1,336.00 3,995,976,000 127,100
MATSUI CONSTRUCTION 304,100 630.00 191,583,000 16,000 CO.,LTD.
THE ZENITAKA CORPORATION 33,700 3,730.00 125,701,000 1,000
KAJIMA CORPORATION 6,065,500 1,248.00 7,569,744,000 157,800
FUDO TETRA CORPORATION 201,800 1,454.00 293,417,200 17,900
DAISUE CONSTRUCTION 89,300 820.00 73,226,000 4,200 CO.,LTD.
TEKKEN CORPORATION 167,800 2,026.00 339,962,800 2,000
NISHIMATSU CONSTRUCTION 595,300 2,076.00 1,235,842,800 11,800 CO.,LTD.
SUMITOMO MITSUI 1,866,500 459.00 856,723,500 48,300 CONSTRUCTION CO., LTD.
DAIHO CORPORATION 173,400 2,408.00 417,547,200 7,100
MAEDA CORPORATION 1,935,100 794.00 1,536,469,400 68,100
SATA CONSTRUCTION 166,200 418.00 69,471,600 CO.,LTD.
NAKANO CORPORATION 211,200 364.00 76,876,800 3,000
OKUMURA CORPORATION 419,200 2,448.00 1,026,201,600 4,000 54
TOTETSU KOGYO CO.,LTD. 331,300 2,671.00 884,902,300 7,300
ICHIKEN CO.,LTD. 55,700 1,510.00 84,107,000
FUJI P.S CORPORATION 113,800 607.00 69,076,600 21,400
ASANUMA CORPORATION 86,500 4,090.00 353,785,000 7,300
TODA CORPORATION 3,208,400 688.00 2,207,379,200 167,700
KUMAGAI GUMI CO.,LTD. 358,000 2,584.00 925,072,000 4,000
KITANO CONSTRUCTION 47,100 2,663.00 125,427,300 CORP.,
UEKI CORPORATION 34,200 2,499.00 85,465,800
YAHAGI CONSTRUCTION 341,200 770.00 262,724,000 14,000 CO.,LTD.
P.S. MITSUBISHI 254,300 528.00 134,270,400 29,700 CONSTRUCTION CO., LTD.
NIHON HOUSE HOLDINGS 527,500 270.00 142,425,000 23,800 CO.,LTD.
DAITO TRUST CONSTRUCTION 843,500 9,866.00 8,321,971,000 19,300 CO.,LTD.
SHINNIHON CORPORATION 328,600 831.00 273,066,600 4,000
NIPPO CORPORATION 639,300 2,663.00 1,702,455,900 2,900
TOA ROAD CORPORATION 47,900 3,130.00 149,927,000
MAEDA ROAD CONSTRUCTION 682,000 1,997.00 1,361,954,000 CO.,LTD.
THE NIPPON ROAD CO.,LTD. 74,700 7,110.00 531,117,000 1,000
TOA CORPORATION 240,900 1,553.00 374,117,700 132,900
JDC CORPORATION 751,600 570.00 428,412,000 40,800
WAKACHIKU CONSTRUCTION 138,900 1,240.00 172,236,000 3,000 CO.,LTD.
TOYO CONSTRUCTION 866,200 391.00 338,684,200 CO.,LTD.
PENTA-OCEAN 3,063,000 585.00 1,791,855,000 130,800 CONSTRUCTION CO.,LTD.
SEIKITOKYU KOGYO CO.,LTD. 371,000 750.00 278,250,000 1,000
FUKUDA CORPORATION 89,400 4,765.00 425,991,000 300
SUMITOMO FORESTRY 1,957,100 1,303.00 2,550,101,300 160,200 CO.,LTD.
JAPAN FOUNDATION 259,600 422.00 109,551,200 21,800 ENGINEERING CO.,LTD.
TOMOE CORPORATION 342,900 335.00 114,871,500 6,200
55
DAIWA HOUSE INDUSTRY 7,644,300 2,454.00 18,759,112,200 231,800 CO.,LTD.
RAITO KOGYO CO.,LTD. 442,100 1,459.00 645,023,900 14,600
SEKISUI HOUSE,LTD. 8,379,500 2,053.50 17,207,303,250 3,519,200
NITTOC CONSTRUCTION 201,600 771.00 155,433,600 100 CO.,LTD.
HOKURIKU ELECTRICAL 133,700 953.00 127,416,100 5,500 CONSTRUCTION CO.,LTD.
YURTEC CORPORATION 442,000 630.00 278,460,000 7,200
NIPPON RIETEC CO.,LTD. 161,700 2,630.00 425,271,000 103,300
YONDENKO CORPORATION 42,000 2,419.00 101,598,000
CHUDENKO CORPORATION 311,300 2,243.00 698,245,900 7,300
KANDENKO CO.,LTD. 1,099,200 894.00 982,684,800 103,000
KINDEN CORPORATION 1,835,400 1,749.00 3,210,114,600 24,800
TOKYO ENERGY & SYSTEMS 256,500 754.00 193,401,000 11,300 INC.
TOENEC CORPORATION 77,600 3,615.00 280,524,000 1,000
SUMITOMO DENSETSU 218,100 2,359.00 514,497,900 4,700 CO.,LTD.
NIPPON DENSETSU KOGYO 423,600 2,357.00 998,425,200 17,200 CO.,LTD.
KYOWA EXEO CORPORATION 1,171,500 2,554.00 2,992,011,000 25,000
SHIN NIPPON AIR 204,300 2,305.00 470,911,500 22,400 TECHNOLOGIES CO.,LTD.
KYUDENKO CORPORATION 542,000 3,140.00 1,701,880,000 13,500
SANKI ENGINEERING CO.,LTD. 556,800 1,218.00 678,182,400 13,900
JGC HOLDINGS 2,378,400 1,119.00 2,661,429,600 197,500 CORPORATION
CHUGAI RO CO.,LTD. 83,500 1,619.00 135,186,500 7,200
YAMATO CORPORATION 247,200 611.00 151,039,200 12,700
TAIHEI DENGYO KAISHA,LTD. 186,700 2,227.00 415,780,900 12,400
TAKASAGO THERMAL 671,100 1,564.00 1,049,600,400 27,900 ENGINEERING CO.,LTD.
SANKO METAL INDUSTRIAL 33,300 2,091.00 69,630,300 1,000 CO.,LTD.
ASAHI KOGYOSHA CO.,LTD. 52,000 3,215.00 167,180,000 1,200
MEISEI INDUSTRIAL CO.,LTD. 499,700 781.00 390,265,700 19,200
TAIKISHA LTD. 375,700 3,010.00 1,130,857,000 43,200 56
DAI-DAN CO.,LTD. 184,600 2,695.00 497,497,000 8,500
HIBIYA ENGINEERING,LTD. 248,700 1,816.00 451,639,200 10,000
PHIL COMPANY,INC. 44,200 2,358.00 104,223,600 30,600
OSJB HOLDINGS 1,218,300 225.00 274,117,500 43,500 CORPORATION
TOYO ENGINEERING 324,400 345.00 111,918,000 11,300 CORPORATION
RAIZNEXT CORPORATION 414,300 1,252.00 518,703,600 7,400
NIPPON FLOUR MILLS 723,500 1,617.00 1,169,899,500 23,700 CO.,LTD.
NISSHIN SEIFUN GROUP INC. 2,793,600 1,556.00 4,346,841,600 57,600
NITTO FUJI FLOUR MILLING 17,900 6,000.00 107,400,000 CO.,LTD.
SHOWA SANGYO CO.,LTD. 227,000 3,165.00 718,455,000 47,600
THE TORIGOE CO.,LTD. 219,100 856.00 187,549,600 7,000
CHUBU SHIRYO CO.,LTD. 302,000 1,563.00 472,026,000 8,200
FEED ONE CO.,LTD. 1,660,900 193.00 320,553,700 83,100
TOYO SUGAR REFINING 41,700 1,201.00 50,081,700 CO.,LTD.
NIPPON BEET SUGAR 128,900 1,720.00 221,708,000 5,400 MANUFACTURING CO.,LTD.
MITSUI SUGAR CO.,LTD. 216,700 1,970.00 426,899,000 7,500
ENSUIKO SUGAR REFINING 267,700 236.00 63,177,200 22,000 CO.,LTD.
NISSIN SUGAR CO.,LTD. 117,100 1,801.00 210,897,100 5,200
MORINAGA & CO.,LTD. 580,300 4,045.00 2,347,313,500 59,300
NAKAMURAYA CO.,LTD. 64,000 4,000.00 256,000,000 100
EZAKI GLICO CO.,LTD. 733,200 5,100.00 3,739,320,000 41,700
MEITO SANGYO CO.,LTD. 118,800 1,366.00 162,280,800 82,100
IMURAYA GROUP CO.,LTD. 140,100 2,187.00 306,398,700 8,400
FUJIYA CO.,LTD. 138,000 2,273.00 313,674,000 19,000
YAMAZAKI BAKING CO.,LTD. 1,853,400 1,835.00 3,400,989,000 1,160,900
FIRST BAKING CO.,LTD. 42,400 987.00 41,848,800 4,500
MOROZOFF LIMITED 42,100 5,500.00 231,550,000 29,100
KAMEDA SEIKA CO.,LTD. 140,800 5,160.00 726,528,000 6,900
KOTOBUKI SPIRITS CO.,LTD. 238,100 4,325.00 1,029,782,500 53,000
CALBEE,INC. 1,126,900 3,040.00 3,425,776,000 196,800
57
MORINAGA MILK INDUSTRY 457,300 4,770.00 2,181,321,000 11,800 CO.,LTD.
ROKKO BUTTER CO.,LTD. 164,100 1,501.00 246,314,100 500
YAKULT HONSHA CO.,LTD. 1,700,800 6,150.00 10,459,920,000 14,400
MEIJI HOLDINGS CO.,LTD. 1,635,000 8,450.00 13,815,750,000 10,000
MEGMILK SNOW BRAND 595,300 2,446.00 1,456,103,800 11,900 CO.,LTD.
PRIMA MEAT PACKERS,LTD. 386,500 2,789.00 1,077,948,500 2,400
NH FOODS LTD. 945,000 4,285.00 4,049,325,000 7,100
HAYASHIKANE SANGYO 81,800 569.00 46,544,200 CO.,LTD.
MARUDAI FOOD CO.,LTD. 263,500 1,879.00 495,116,500 8,000
S FOODS INC. 197,400 2,597.00 512,647,800 5,500
KAKIYASU HONTEN CO.,LTD. 85,700 2,704.00 231,732,800 15,700
ITOHAM YONEKYU HOLDINGS 1,592,200 634.00 1,009,454,800 76,200 INC.
SAPPORO HOLDINGS LIMITED 843,800 1,960.00 1,653,848,000 32,400
ASAHI GROUP HOLDINGS,LTD. 5,178,600 3,682.00 19,067,605,200 2,007,600
KIRIN HOLDINGS 10,486,800 2,165.50 22,709,165,400 7,241,500 COMPANY,LIMITED
TAKARA HOLDINGS INC. 1,833,000 952.00 1,745,016,000 56,100
OENON HOLDINGS,INC. 652,300 395.00 257,658,500 36,600
YOMEISHU SEIZO CO.,LTD. 75,700 1,810.00 137,017,000
COCA-COLA BOTTLERS JAPAN 1,735,500 1,924.00 3,339,102,000 71,200 HOLDINGS INC.
SUNTORY BEVERAGE & FOOD 1,654,500 4,210.00 6,965,445,000 872,700 LIMITED
DYDO GROUP HOLDINGS,INC. 126,700 4,860.00 615,762,000 87,500
ITO EN,LTD. 750,600 6,270.00 4,706,262,000 451,800
KEY COFFEE INC 243,000 2,207.00 536,301,000 13,100
UNICAFE INC. 63,200 1,034.00 65,348,800 5,200
JAPAN FOODS CO.,LTD. 35,100 1,199.00 42,084,900 18,900
THE NISSHIN OILLIO 318,200 3,330.00 1,059,606,000 14,300 GROUP,LTD.
FUJI OIL HOLDINGS INC. 602,900 2,747.00 1,656,166,300 49,500
KADOYA SESAME MILLS 27,000 3,680.00 99,360,000 1,000 INCORPORATED
58
J-OIL MILLS, INC. 128,200 4,010.00 514,082,000 4,900
KIKKOMAN CORPORATION 1,779,600 5,000.00 8,898,000,000 80,800
AJINOMOTO CO.,INC. 5,460,700 1,747.50 9,542,573,250 42,500
KEWPIE CORPORATION 1,376,800 1,924.00 2,648,963,200 57,800
HOUSE FOODS GROUP INC. 924,800 3,395.00 3,139,696,000 19,300
KAGOME CO.,LTD. 938,300 3,235.00 3,035,400,500 62,900
YAIZU SUISANKAGAKU 119,900 900.00 107,910,000 6,600 INDUSTRY CO.,LTD.
ARIAKE JAPAN CO.,LTD. 225,900 6,760.00 1,527,084,000 5,900
PIETRO CO.,LTD. 32,300 1,628.00 52,584,400
EBARA FOODS INDUSTRY,INC. 60,100 2,158.00 129,695,800
YAMAMI COMPANY 21,200 2,291.00 48,569,200 2,300
NICHIREI CORPORATION 1,177,700 3,115.00 3,668,535,500 8,200
TOYO SUISAN KAISHA,LTD. 1,272,200 6,190.00 7,874,918,000 6,300
EAT&CO.,LTD 85,500 1,765.00 150,907,500 59,000
DAIREI CO.,LTD. 32,200 2,016.00 64,915,200 2,000
YOSHIMURA FOOD HOLDINGS 137,100 1,183.00 162,189,300 94,700 K.K.
NISSIN FOODS HOLDINGS 1,051,000 9,520.00 10,005,520,000 4,400 CO.,LTD.
NAGATANIEN HOLDINGS 120,800 2,143.00 258,874,400 9,700 CO.,LTD.
ICHIMASA KAMABOKO 96,000 981.00 94,176,000 10,400 CO.,LTD.
FUJICCO CO.,LTD. 267,700 2,035.00 544,769,500 8,000
ROCK FIELD CO.,LTD. 266,400 1,288.00 343,123,200 35,100
JAPAN TOBACCO INC. 14,278,200 1,969.50 28,120,914,900 9,939,800
KENKO MAYONNAISE CO.,LTD. 138,600 1,867.00 258,766,200 500
WARABEYA NICHIYO 161,800 1,569.00 253,864,200 600 HOLDINGS CO.,LTD.
NATORI CO.,LTD. 138,000 1,740.00 240,120,000 8,700
IFUJI SANGYO CO.,LTD. 43,100 821.00 35,385,100
PICKLES CORPORATION 53,800 2,932.00 157,741,600 100
KITANOTATSUJIN 863,300 541.00 467,045,300 591,200 CORPORATION
EUGLENA CO.,LTD. 1,066,300 761.00 811,454,300 736,300
MIYOSHI OIL & FAT CO.,LTD. 94,600 1,072.00 101,411,200 400
59
RIKEN VITAMIN CO.,LTD. 233,500 2,220.00 518,370,000 6,000
KATAKURA INDUSTRIES 350,200 1,106.00 387,321,200 14,000 CO.,LTD.
GUNZE LIMITED 177,100 4,045.00 716,369,500 12,300
TOYOBO CO.,LTD. 953,600 1,471.00 1,402,745,600 12,400
UNITIKA LTD. 706,800 346.00 244,552,800 4,300
FUJIBO HOLDINGS,INC. 116,500 3,200.00 372,800,000 11,000
KURABO INDUSTRIES LTD. 239,400 2,113.00 505,852,200 13,000
SHIKIBO LTD. 126,500 990.00 125,235,000 64,300
THE JAPAN WOOL TEXTILE 793,800 1,006.00 798,562,800 28,400 CO.,LTD.
DAITOBO CO.,LTD. 390,200 113.00 44,092,600 271,500
TOABO CORPORATION 95,800 474.00 45,409,200 400
DAIDOH LIMITED 317,300 209.00 66,315,700 136,100
TEIKOKU SEN-I CO.,LTD. 272,000 2,218.00 603,296,000 22,900
TEIJIN LIMITED 1,968,400 1,663.00 3,273,449,200 140,400
TORAY INDUSTRIES,INC. 17,470,900 497.70 8,695,266,930 39,100
SAKAI OVEX CO.,LTD. 64,000 2,229.00 142,656,000
SUMINOE TEXTILE CO.,LTD. 52,900 2,019.00 106,805,100 2,100
NIPPON FELT COMPANY 136,600 449.00 61,333,400 6,100 LIMITED
ICHIKAWA CO.,LTD. 34,200 1,190.00 40,698,000
NITTO SEIMO CO.,LTD. 27,900 1,368.00 38,167,200
ATSUGI CO.,LTD. 198,700 604.00 120,014,800 6,600
DYNIC CORPORATION 91,100 757.00 68,962,700 4,000
SEIREN CO.,LTD. 593,300 1,313.00 779,002,900 10,900
SOTOH CO.,LTD. 96,000 951.00 91,296,000 2,000
TOKAI SENKO K.K. 33,200 1,133.00 37,615,600
KOMATSU MATERE CO.,LTD. 396,000 730.00 289,080,000 17,900
WACOAL HOLDINGS CORP. 602,000 1,940.00 1,167,880,000 38,200
HOGY MEDICAL CO.,LTD. 275,000 3,125.00 859,375,000 14,100
KURAUDIA HOLDINGS 59,300 367.00 21,763,100 39,400 CO.,LTD.
TSI HOLDINGS CO.,LTD. 809,100 356.00 288,039,600 248,500
MATSUOKA CORPORATION 69,100 1,786.00 123,412,600 100
WORLD CO.,LTD. 342,000 1,554.00 531,468,000 16,600
SANYO SHOKAI LTD. 125,500 568.00 71,284,000 68,800
NAIGAI CO.,LTD. 88,000 354.00 31,152,000 52,000 60
ONWARD HOLDINGS CO.,LTD. 1,449,600 285.00 413,136,000 645,900
LOOK HOLDINGS 82,300 708.00 58,268,400 3,600 INCORPORATED
KIMURATAN CORPORATION 1,274,800 27.00 34,419,600 329,500
GOLDWIN INC. 437,400 6,700.00 2,930,580,000 134,800
DESCENTE,LTD. 470,700 1,524.00 717,346,800 23,700
KING CO.,LTD. 113,700 453.00 51,506,100 5,200
YAMATO INTERNATIONAL 211,800 381.00 80,695,800 23,600 INC.
TOKUSHU TOKAI PAPER 153,300 4,565.00 699,814,500 9,700 CO.,LTD.
OJI HOLDINGS CORPORATION 10,086,700 480.00 4,841,616,000 334,900
NIPPON PAPER INDUSTRIES 1,067,100 1,442.00 1,538,758,200 349,000 CO.,LTD.
MITSUBISHI PAPER MILLS 273,800 337.00 92,270,600 900 LIMITED
HOKUETSU CORPORATION 1,438,400 370.00 532,208,000 131,600
CHUETSU PULP & PAPER 102,100 1,483.00 151,414,300 1,500 CO.,LTD.
TOMOEGAWA CO.,LTD. 71,500 995.00 71,142,500 7,000
DAIO PAPER CORPORATION 1,063,800 1,434.00 1,525,489,200 736,600
AWA PAPER & TECHNOLOGICAL 62,300 490.00 30,527,000 100 COMPANY,INC.
RENGO CO.,LTD. 2,280,600 841.00 1,917,984,600 113,500
TOMOKU CO.,LTD. 147,900 1,716.00 253,796,400 6,000
THE PACK CORPORATION 182,600 2,942.00 537,209,200 15,100
KURARAY CO.,LTD. 3,800,100 1,087.00 4,130,708,700 357,500
ASAHI KASEI CORPORATION 15,993,500 835.90 13,368,966,650 690,800
KYOWA LEATHER CLOTH 131,200 661.00 86,723,200 4,000 CO.,LTD.
SHOWA DENKO K.K. 1,717,700 2,346.00 4,029,724,200 787,000
SUMITOMO CHEMICAL 17,727,700 327.00 5,796,957,900 1,797,200 COMPANY,LIMITED
SUMITOMO SEIKA
CHEMICALS 106,900 3,515.00 375,753,500 4,500 COMPANY,LIMITED.
61
NISSAN CHEMICAL 1,340,100 5,460.00 7,316,946,000 17,200 CORPORATION
RASA INDUSTRIES,LTD. 85,100 1,490.00 126,799,000 19,000
KUREHA CORPORATION 206,900 4,590.00 949,671,000 3,600
TAKI CHEMICAL CO.,LTD. 94,100 6,850.00 644,585,000 47,300
TAYCA CORPORATION 177,000 1,381.00 244,437,000 6,400
ISHIHARA SANGYO 432,500 695.00 300,587,500 10,000 KAISHA,LTD.
KATAKURA & CO-OP AGRI 62,200 1,234.00 76,754,800 1,000 CORPORATION
NIPPON SODA CO.,LTD. 357,100 2,778.00 992,023,800 16,400
TOSOH CORPORATION 3,729,800 1,443.00 5,382,101,400 29,700
TOKUYAMA CORPORATION 695,400 2,425.00 1,686,345,000 4,200
CENTRAL GLASS CO.,LTD. 493,100 1,846.00 910,262,600 17,800
TOAGOSEI CO.,LTD. 1,514,400 1,060.00 1,605,264,000 57,800
OSAKA SODA CO.,LTD. 245,400 2,340.00 574,236,000 15,400
KANTO DENKA KOGYO 572,200 837.00 478,931,400 3,000 CO.,LTD.
DENKA COMPANY LIMITED 880,600 2,568.00 2,261,380,800 6,200
SHIN-ETSU CHEMICAL 4,143,200 12,375.00 51,272,100,000 1,215,800 CO.,LTD.
NIPPON CARBIDE INDUSTRIES 82,400 1,204.00 99,209,600 COMPANY,INCORPORATED
SAKAI CHEMICAL INDUSTRY 156,000 2,008.00 313,248,000 7,900 CO.,LTD.
DAIICHI KIGENSO KAGAKU- 261,300 772.00 201,723,600 33,500 KOGYO CO.,LTD
AIR WATER INC. 2,244,200 1,502.00 3,370,788,400 272,700
TAIYO NIPPON SANSO 2,318,900 1,773.00 4,111,409,700 CORPORATION
NIPPON CHEMICAL 75,100 2,168.00 162,816,800 INDUSTRIAL CO.,LTD.
TOHO ACETYLENE CO.,LTD. 36,200 1,290.00 46,698,000 3,000
NIHON PARKERIZING CO.,LTD. 1,217,100 1,103.00 1,342,461,300 74,300
KOATSU GAS KOGYO CO.,LTD. 382,600 764.00 292,306,400 10,000
TITAN KOGYO KABUSHIKI 30,100 1,757.00 52,885,700 4,700 KAISHA
62
SHIKOKU CHEMICALS 372,000 1,045.00 388,740,000 17,800 CORPORATION
TODA KOGYO CORP. 56,000 1,754.00 98,224,000 6,000
STELLA CHEMIFA 131,400 2,370.00 311,418,000 82,300 CORPORATION
HODOGAYA CHEMICAL 90,100 4,865.00 438,336,500 2,300 CO.,LTD.
NIPPON SHOKUBAI CO.,LTD. 374,500 5,580.00 2,089,710,000 75,600
DAINICHISEIKA COLOR & 213,500 2,267.00 484,004,500 8,600 CHEMICALS MFG.CO.,LTD.
KANEKA CORPORATION 624,200 2,661.00 1,660,996,200 8,900
MITSUBISHI GAS CHEMICAL 2,244,600 1,604.00 3,600,338,400 84,900 COMPANY,INC.
MITSUI CHEMICALS,INC. 2,190,800 2,243.00 4,913,964,400 42,700
JSR CORPORATION 2,248,600 2,116.00 4,758,037,600 102,100
TOKYO OHKA KOGYO CO.,LTD. 414,000 5,660.00 2,343,240,000 46,400
OSAKA ORGANIC CHEMICAL 222,800 2,674.00 595,767,200 54,200 INDUSTRY LTD.
MITSUBISHI CHEMICAL 16,130,200 620.90 10,015,241,180 343,900 HOLDINGS CORPORATION
KH NEOCHEM CO.,LTD. 425,400 2,048.00 871,219,200 38,500
DAICEL CORPORATION 3,141,600 790.00 2,481,864,000 83,500
SUMITOMO BAKELITE 379,300 2,864.00 1,086,315,200 16,300 COMPANY,LIMITED
SEKISUI CHEMICAL CO.,LTD. 5,102,700 1,501.00 7,659,152,700 133,900
ZEON CORPORATION 2,176,000 949.00 2,065,024,000 36,800
AICA KOGYO 723,800 3,505.00 2,536,919,000 COMPANY,LIMITED
UBE INDUSTRIES,LTD. 1,218,500 1,802.00 2,195,737,000 21,500
SEKISUI JUSHI CORPORATION 434,300 2,055.00 892,486,500 14,700
C.I. TAKIRON CORPORATION 522,000 678.00 353,916,000 26,800
ASAHI YUKIZAI CORPORATION 136,300 1,403.00 191,228,900 6,300
NICHIBAN CO.,LTD. 126,900 1,475.00 187,177,500 21,100
RIKEN TECHNOS 606,800 406.00 246,360,800 25,100 CORPORATION
OKURA INDUSTRIAL CO.,LTD. 114,000 1,563.00 178,182,000 6,400
SEKISUI PLASTICS CO.,LTD. 323,500 548.00 177,278,000 11,900
GUN EI CHEMICAL INDUSTRY 55,100 2,622.00 144,472,200
63
CO.,LTD.
TIGERS POLYMER 126,900 480.00 60,912,000 6,500 CORPORATION
MIRAIAL CO.,LTD. 85,100 1,047.00 89,099,700 10,400
DAIKI AXIS CO.,LTD. 85,400 739.00 63,110,600 6,500
DAIKYONISHIKAWA 508,700 457.00 232,475,900 29,400 CORPORATION
TAKEMOTO YOHKI CO.,LTD. 86,300 685.00 59,115,500 33,000
MORIROKU HOLDINGS 129,700 1,641.00 212,837,700 5,000 COMPANY,LTD.
NIPPON KAYAKU CO.,LTD. 1,493,500 1,084.00 1,618,954,000 65,300
CARLIT HOLDINGS CO.,LTD. 257,600 502.00 129,315,200 4,000
NIPPON FINE CHEMICAL 194,100 1,400.00 271,740,000 24,000 CO.,LTD.
FUSO CHEMICAL CO.,LTD. 244,500 3,885.00 949,882,500 2,000
TRI CHEMICAL 53,800 11,560.00 621,928,000 1,000 LABORATORIES INC.
ADEKA CORPORATION 1,110,600 1,415.00 1,571,499,000 89,300
NOF CORPORATION 908,500 3,890.00 3,534,065,000 68,400
NEW JAPAN CHEMICAL 399,400 160.00 63,904,000 90,500 CO.,LTD.
HARIMA CHEMICALS 199,500 930.00 185,535,000 8,700 GROUP,INC.
KAO CORPORATION 5,898,900 8,529.00 50,311,718,100 715,500
DKS CO.LTD. 89,900 4,990.00 448,601,000 13,200
ISHIHARA CHEMICAL CO.,LTD. 65,500 1,971.00 129,100,500 5,600
NICCA CHEMICAL CO.,LTD. 81,300 867.00 70,487,100 40,200
NIITAKA CO., LTD. 50,000 5,260.00 263,000,000 11,500
SANYO CHEMICAL 144,000 4,680.00 673,920,000 INDUSTRIES,LTD.
YUKI GOSEI KOGYO CO.,LTD. 184,900 350.00 64,715,000 122,900
DAI NIPPON TORYO 272,700 882.00 240,521,400 400 COMPANY,LIMITED
NIPPON PAINT HOLDINGS 1,991,200 7,970.00 15,869,864,000 22,900 CO.,LTD.
KANSAI PAINT CO.,LTD. 2,710,900 2,236.00 6,061,572,400 241,000
SHINTO PAINT 189,600 176.00 33,369,600 60,000
64
COMPANY,LIMITED
CHUGOKU MARINE 686,700 805.00 552,793,500 75,700 PAINTS,LTD.
NIHON TOKUSHU TORYO 180,600 971.00 175,362,600 6,500 CO.,LTD.
FUJIKURA KASEI CO.,LTD. 325,400 512.00 166,604,800 10,000
TAIYO HOLDINGS CO.,LTD. 177,300 5,070.00 898,911,000 10,600
DIC CORPORATION 1,019,000 2,655.00 2,705,445,000 367,800
SAKATA INX CORPORATION 526,700 1,026.00 540,394,200 27,000
TOYO INK SC HOLDINGS 510,100 2,033.00 1,037,033,300 40,000 CO.,LTD.
T&K TOKA CO.,LTD. 186,800 841.00 157,098,800 11,000
FUJIFILM HOLDINGS 4,723,600 4,665.00 22,035,594,000 377,500 CORPORATION
SHISEIDO COMPANY,LIMITED 4,895,400 6,845.00 33,509,013,000 463,300
LION CORPORATION 3,203,100 2,625.00 8,408,137,500 104,200
TAKASAGO INTERNATIONAL 154,100 2,120.00 326,692,000 3,100 CORPORATION
MANDOM CORPORATION 553,800 1,927.00 1,067,172,600 21,900
MILBON CO.,LTD. 329,300 4,990.00 1,643,207,000 20,800
FANCL CORPORATION 997,100 3,110.00 3,100,981,000 31,800
KOSE CORPORATION 463,500 12,780.00 5,923,530,000 156,000
COTA CO.,LTD. 142,000 1,177.00 167,134,000 7,000
C'BON COSMETICS CO.,LTD. 31,900 1,903.00 60,705,700 5,100
POLA ORBIS HOLDINGS INC. 1,051,600 1,811.00 1,904,447,600 736,100
NOEVIR HOLDINGS CO.,LTD. 209,000 4,560.00 953,040,000 9,600
ADJUVANT COSME JAPAN 55,000 951.00 52,305,000 CO.,LTD.
S.T.CORPORATION 158,300 1,666.00 263,727,800 500
AGRO-KANESHO CO.,LTD. 102,500 1,289.00 132,122,500 12,800
KONISHI CO.,LTD. 404,800 1,429.00 578,459,200 8,300
T.HASEGAWA CO.,LTD. 424,700 2,379.00 1,010,361,300 24,300
SEIKO PMC CORPORATION 141,000 707.00 99,687,000 10,000
KOBAYASHI 690,400 9,460.00 6,531,184,000 41,100 PHARMACEUTICAL CO.,LTD.
ARAKAWA CHEMICAL 221,200 1,207.00 266,988,400 24,100 INDUSTRIES,LTD.
MEC COMPANY LTD. 168,900 2,064.00 348,609,600 50,100 65
JAPAN PURE CHEMICAL 67,600 2,584.00 174,678,400 CO.,LTD.
TAKARA BIO INC. 644,700 3,055.00 1,969,558,500 106,000
JCU CORPORATION 298,300 3,230.00 963,509,000 9,000
NITTA GELATIN INC. 154,600 677.00 104,664,200 32,000
OAT AGRIO CO.,LTD. 42,300 1,130.00 47,799,000 12,800
DEXERIALS CORPORATION 636,100 813.00 517,149,300 7,900
EARTH CORPORATION 185,800 7,620.00 1,415,796,000 10,200
HOKKO CHEMICAL INDUSTRY 252,300 561.00 141,540,300 12,300 CO.,LTD.
TAISEI LAMICK CO.,LTD. 80,900 2,715.00 219,643,500 1,100
KUMIAI CHEMICAL INDUSTRY 1,018,800 989.00 1,007,593,200 327,300 CO.,LTD.
NIHON NOHYAKU CO.,LTD. 438,900 500.00 219,450,000 1,800
ACHILLES CORPORATION 169,900 1,990.00 338,101,000 4,000
ARISAWA MFG.CO.,LTD. 389,600 825.00 321,420,000 39,200
NITTO DENKO CORPORATION 1,700,100 5,850.00 9,945,585,000 27,100
LEC,INC. 262,700 1,485.00 390,109,500 15,900
SANKO GOSEI LTD. 281,700 261.00 73,523,700 6,800
KIMOTO CO.,LTD. 419,000 166.00 69,554,000 1,000
FUJIMORI KOGYO CO.,LTD. 221,100 3,560.00 787,116,000 7,000
MAEZAWA KASEI INDUSTRIES 156,400 983.00 153,741,200 108,100 CO.,LTD.
MIRAI INDUSTRY CO.,LTD. 132,200 1,901.00 251,312,200 9,100
WAVELOCK HOLDINGS 85,100 919.00 78,206,900 58,700 CO.,LTD.
JSP CORPORATION 144,200 1,409.00 203,177,800 9,600
FP CORPORATION 271,000 8,610.00 2,333,310,000 65,200
TENMA CORPORATION 164,100 1,609.00 264,036,900 5,000
SHIN-ETSU POLYMER CO.,LTD. 442,400 871.00 385,330,400 5,000
TOLI CORPORATION 613,500 262.00 160,737,000 24,200
NIFCO INC. 904,600 2,270.00 2,053,442,000 121,500
VALQUA,LTD. 200,100 1,862.00 372,586,200 10,400
UNICHARM CORPORATION 4,748,700 4,794.00 22,765,267,800 17,300
SHOEI CORPORATION 36,700 900.00 33,030,000 25,200
KYOWA KIRIN CO.,LTD. 2,478,300 2,717.00 6,733,541,100 380,400
TAKEDA PHARMACEUTICAL 20,498,000 3,766.00 77,195,468,000 Collateral
66
COMPANY LIMITED Sercurities
550,000 shares Loaned securities 44,900 shares
ASTELLAS PHARMA INC. 21,361,100 1,732.50 37,008,105,750 147,600
SUMITOMO DAINIPPON 1,826,100 1,384.00 2,527,322,400 48,600 PHARMA CO.,LTD.
SHIONOGI & CO.,LTD. 3,098,300 6,286.00 19,475,913,800 112,500
WAKAMOTO 293,100 284.00 83,240,400 60,400 PHARMACEUTICAL CO.,LTD.
ASKA PHARMACEUTICAL 280,500 1,172.00 328,746,000 30,800 CO.,LTD.
NIPPON SHINYAKU CO.,LTD. 644,800 7,970.00 5,139,056,000 185,700
BIOFERMIN 41,800 2,235.00 93,423,000 PHARMACEUTICAL CO.,LTD.
CHUGAI PHARMACEUTICAL 7,705,800 5,533.00 42,636,191,400 1,512,600 CO.,LTD.
KAKEN PHARMACEUTICAL 421,700 5,200.00 2,192,840,000 4,400 CO.,LTD.
EISAI CO.,LTD. 2,949,000 8,535.00 25,169,715,000 21,900
ROHTO PHARMACEUTICAL 1,264,600 3,425.00 4,331,255,000 32,200 CO.,LTD.
ONO PHARMACEUTICAL 5,657,800 3,014.00 17,052,609,200 27,000 CO.,LTD.
HISAMITSU 651,400 5,480.00 3,569,672,000 26,200 PHARMACEUTICAL CO.,INC.
MOCHIDA PHARMACEUTICAL 341,900 3,905.00 1,335,119,500 16,900 CO.,LTD.
SANTEN PHARMACEUTICAL 4,591,000 1,925.00 8,837,675,000 142,000 CO.,LTD.
FUSO PHARMACEUTICAL 86,800 2,310.00 200,508,000 3,700 INDUSTRIES,LTD.
NIPPON CHEMIPHAR CO.,LTD. 32,600 2,479.00 80,815,400 400
TSUMURA & CO. 763,300 2,747.00 2,096,785,100 48,500
NICHI-IKO PHARMACEUTICAL 697,800 1,261.00 879,925,800 16,800 CO.,LTD.
KISSEI PHARMACEUTICAL 435,900 2,380.00 1,037,442,000 15,600
67
CO.,LTD.
SEIKAGAKU CORPORATION 478,000 1,079.00 515,762,000 57,700
EIKEN CHEMICAL CO.,LTD. 433,000 1,618.00 700,594,000 14,900
NISSUI PHARMACEUTICAL 103,500 1,103.00 114,160,500 1,000 CO.,LTD.
TORII PHARMACEUTICAL 154,200 3,075.00 474,165,000 5,700 CO.,LTD.
JCR PHARMACEUTICALS 173,600 10,650.00 1,848,840,000 6,400 CO.,LTD.
TOWA PHARMACEUTICAL 315,200 1,916.00 603,923,200 5,000 CO.,LTD.
FUJI PHARMA CO.,LTD. 167,400 1,151.00 192,677,400 14,100
SAWAI PHARMACEUTICAL 505,800 5,200.00 2,630,160,000 22,500 CO.,LTD.
ZERIA PHARMACEUTICAL 446,900 1,866.00 833,915,400 112,400 CO.,LTD.
DAIICHI SANKYO 7,050,200 8,516.00 60,039,503,200 69,300 COMPANY,LIMITED
KYORIN HOLDINGS,INC. 543,600 2,063.00 1,121,446,800 3,800
TAIKO PHARMACEUTICAL 300,900 2,266.00 681,839,400 41,100 CO.,LTD.
DAITO PHARMACEUTICAL 151,200 3,760.00 568,512,000 6,600 CO.,LTD.
OTSUKA HOLDINGS CO.,LTD. 4,693,600 4,579.00 21,491,994,400 412,400
TAISHO PHARMACEUTICAL 521,000 6,240.00 3,251,040,000 21,100 HOLDINGS CO.,LTD.
PEPTIDREAM INC. 1,252,000 4,675.00 5,853,100,000 45,100
NIPPON COKE & ENGINEERING 2,081,400 65.00 135,291,000 8,500 COMPANY,LIMITED
NICHIREKI CO.,LTD. 290,900 1,613.00 469,221,700 15,300
YUSHIRO CHEMICAL 138,200 1,310.00 181,042,000 5,600 INDUSTRY CO.,LTD.
BP CASTROL K.K. 87,800 1,119.00 98,248,200 4,000
FUJI OIL COMPANY,LTD. 657,800 161.00 105,905,800 2,000
MORESCO CORPORATION 89,000 1,004.00 89,356,000
IDEMITSU KOSAN CO.,LTD. 2,734,100 2,327.00 6,362,250,700 66,700
68
ENEOS HOLDINGS,INC. 37,063,100 383.10 14,198,873,610 193,700
COSMO ENERGY HOLDINGS 713,300 1,567.00 1,117,741,100 399,700 COMPANY,LIMITED
THE YOKOHAMA RUBBER 1,426,600 1,504.00 2,145,606,400 544,300 COMPANY,LIMITED
TOYO TIRE CORPORATION 1,414,600 1,432.00 2,025,707,200 976,800
BRIDGESTONE CORPORATION 7,096,800 3,398.00 24,114,926,400 4,967,700
SUMITOMO RUBBER 2,213,200 1,016.00 2,248,611,200 1,549,200 INDUSTRIES,LTD.
FUJIKURA COMPOSITES INC. 215,200 372.00 80,054,400 1,300
OKAMOTO INDUSTRIES,INC. 149,900 3,870.00 580,113,000
FUKOKU CO.,LTD. 107,700 664.00 71,512,800 2,200
NITTA CORPORATION 277,900 2,327.00 646,673,300 7,000
SUMITOMO RIKO COMPANY 477,500 600.00 286,500,000 12,200 LIMITED
MITSUBOSHI BELTING LTD. 324,200 1,682.00 545,304,400 12,900
BANDO CHEMICAL 433,400 621.00 269,141,400 10,900 INDUSTRIES,LTD.
NITTO BOSEKI CO.,LTD. 366,600 5,110.00 1,873,326,000 234,500
AGC INC. 2,435,600 3,130.00 7,623,428,000 244,000
NIPPON SHEET GLASS 1,178,800 382.00 450,301,600 828,300 COMPANY,LIMITED
ISHIZUKA GLASS CO.,LTD. 45,200 1,802.00 81,450,400 1,400
NIHON YAMAMURA GLASS 102,300 856.00 87,568,800 3,000 CO.,LTD.
NIPPON ELECTRIC GLASS 989,600 1,687.00 1,669,455,200 692,700 CO.,LTD.
OHARA INC. 97,300 1,098.00 106,835,400 38,200
SUMITOMO OSAKA CEMENT 466,300 3,675.00 1,713,652,500 19,200 CO.,LTD.
TAIHEIYO CEMENT 1,556,000 2,378.00 3,700,168,000 3,800 CORPORATION
NIPPON HUME CORPORATION 246,900 775.00 191,347,500 7,300
NIPPON CONCRETE 530,300 270.00 143,181,000 1,000 INDUSTRIES CO.,LTD.
MITANI SEKISAN CO.,LTD. 114,700 5,200.00 596,440,000 3,500
ASIA PILE HOLDINGS 349,600 461.00 161,165,600 23,900
69
CORPORATION
TOKAI CARBON CO.,LTD. 2,580,900 992.00 2,560,252,800 1,782,500
NIPPON CARBON CO.,LTD. 126,700 3,435.00 435,214,500 87,500
TOYO TANSO CO.,LTD. 144,500 1,699.00 245,505,500 11,800
NORITAKE CO.,LIMITED 136,200 3,345.00 455,589,000 5,100
TOTO LTD. 1,759,900 4,175.00 7,347,582,500 361,800
NGK INSULATORS,LTD. 2,957,500 1,435.00 4,244,012,500 78,400
NGK SPARK PLUG CO.,LTD. 1,874,100 1,491.00 2,794,283,100 39,600
DANTO HOLDINGS 183,600 92.00 16,891,200 20,000 CORPORATION
MARUWA CO.,LTD. 94,600 7,970.00 753,962,000 31,000
SHI NAGAWA REFRACTORIES 64,900 2,136.00 138,626,400 CO.,LTD.
KROSAKI HARIMA 48,800 3,640.00 177,632,000 23,500 CORPORATION
YOTAI REFRACTORIES 195,700 714.00 139,729,800 1,000 CO.,LTD.
ISOLITE INSULATING PRODUCTS 126,400 418.00 52,835,200 7,500 COMPANY,LIMITED
TYK CORPORATION 313,200 297.00 93,020,400 31,900
NIKKATO CORPORATION 111,400 682.00 75,974,800 8,400
FUJIMI INCORPORATED 219,500 3,335.00 732,032,500 5,000
KUNIMINE INDUSTRIES 99,500 943.00 93,828,500 10,500 CO.,LTD.
A&A MATERIAL CORPORATION 41,600 1,070.00 44,512,000 6,000
NICHIAS CORPORATION 674,300 2,260.00 1,523,918,000 14,800
NICHIHA CORPORATION 342,600 2,239.00 767,081,400 8,300
NIPPON STEEL CORPORATION 10,903,500 1,018.00 11,099,763,000 366,200
KOBE STEEL,LTD. 4,459,200 377.00 1,681,118,400 804,000
NAKAYAMA STEEL 337,700 353.00 119,208,100 38,400 WORKS,LTD.
GODO STEEL,LTD. 131,100 1,794.00 235,193,400 9,900
JFE HOLDINGS,INC. 6,579,800 792.00 5,211,201,600 57,600
TOKYO STEEL 1,186,100 618.00 733,009,800 379,900 MANUFACTURING CO.,LTD.
KYOEI STEEL LTD. 274,700 1,277.00 350,791,900 30,800
70
YAMATO KOGYO CO.,LTD. 517,600 2,113.00 1,093,688,800 9,300
TOKYO TEKKO CO.,LTD. 100,300 1,496.00 150,048,800 300
OSAKA STEEL CO.,LTD. 129,400 1,224.00 158,385,600 5,000
YODOGAWA STEEL 328,900 1,831.00 602,215,900 9,700 WORKS,LTD.
MARUICHI STEEL TUBE LTD. 790,900 2,654.00 2,099,048,600 21,800
MORY INDUSTRIES INC. 73,000 2,320.00 169,360,000 1,100
DAIDO STEEL CO.,LTD. 398,800 3,285.00 1,310,058,000 135,000
NIPPON KOSHUHA STEEL 89,900 355.00 31,914,500 10,000 CO.,LTD.
NIPPON YAKIN KOGYO 201,500 1,549.00 312,123,500 20,500 CO.,LTD.
SANYO SPECIAL STEEL 166,800 878.00 146,450,400 CO.,LTD.
AICHI STEEL CORPORATION 136,900 2,986.00 408,783,400 4,100
HITACHI METALS,LTD. 2,624,600 1,289.00 3,383,109,400 10,400
NIPPON KINZOKU CO.,LTD. 56,400 610.00 34,404,000
PACIFIC METALS CO.,LTD. 164,700 1,550.00 255,285,000 27,500
NIPPON DENKO CO.,LTD. 1,569,700 164.00 257,430,800 444,700
KURIMOTO,LTD. 120,200 1,636.00 196,647,200 9,500
KOGI CORPORATION 36,000 1,239.00 44,604,000 500
NIPPON CHUTETSUKAN K.K. 25,200 1,272.00 32,054,400 7,100
MITSUBISHI STEEL 180,300 643.00 115,932,900 24,600 MFG.CO.,LTD.
NICHIA STEEL WORKS,LTD. 356,300 290.00 103,327,000 13,000
NIPPON SEISEN CO.,LTD. 39,700 3,325.00 132,002,500
ENVIPRO HOLDINGS INC. 103,600 543.00 56,254,800 3,600
SNT CORPORATION 378,600 220.00 83,292,000 1,000
ARAYA INDUSTRIAL CO.,LTD. 55,500 1,169.00 64,879,500 1,000
DAIKI ALUMINIUM INDUSTRY 400,400 529.00 211,811,600 10,300 CO.,LTD.
NIPPON LIGHT METAL 6,164,400 184.00 1,134,249,600 44,900 HOLDINGS COMPANY,LTD.
MITSUI MINING AND 657,400 2,208.00 1,451,539,200 2,900 SMELTING COMPANY,LIMITED
TOHO ZINC CO.,LTD. 124,700 1,522.00 189,793,400 1,700
MITSUBISHI MATERIALS 1,609,200 2,265.00 3,644,838,000 57,700 CORPORATION 71
SUMITOMO METAL MINING 3,114,200 3,130.00 9,747,446,000 161,200 CO.,LTD.
DOWA HOLDINGS CO.,LTD. 616,400 3,235.00 1,994,054,000 13,000
FURUKAWA CO.,LTD. 433,100 1,074.00 465,149,400 17,800
S.SCIENCE COMPANY,LTD. 1,077,400 47.00 50,637,800 231,100
OSAKA TITANIUM 253,300 909.00 230,249,700 86,900 TECHNOLOGIES CO.,LTD.
TOHO TITANIUM 436,100 645.00 281,284,500 53,100 COMPANY,LIMITED
UACJ CORPORATION 369,700 1,882.00 695,775,400 21,200
CK SAN-ETSU CO.,LTD. 50,900 3,075.00 156,517,500 5,200
FURUKAWA ELECTRIC 756,700 2,622.00 1,984,067,400 33,900 CO.,LTD.
SUMITOMO ELECTRIC 9,109,300 1,249.50 11,382,070,350 164,200 INDUSTRIES,LTD.
FUJIKURA LTD. 2,942,000 322.00 947,324,000 493,200
SWCC SHOWA HOLDINGS 282,900 1,152.00 325,900,800 36,200 CO.,LTD.
TOTOKU ELECTRIC CO.,LTD. 36,500 2,124.00 77,526,000 2,000
TATSUTA ELECTRIC WIRE AND 483,000 540.00 260,820,000 15,900 CABLE CO.,LTD.
CANARE ELECTRIC CO.,LTD. 40,300 1,712.00 68,993,600 100
HIRAKAWA HEWTECH CORP. 121,300 1,022.00 123,968,600 2,000
RYOBI LIMITED 299,700 1,144.00 342,856,800 24,800
AHRESTY CORPORATION 319,100 345.00 110,089,500 4,000
ASAHI HOLDINGS,INC. 426,800 2,844.00 1,213,819,200 6,000
INABA SEISAKUSHO CO.,LTD. 137,100 1,410.00 193,311,000 95,400
MIYAJI ENGINEERING 74,100 1,623.00 120,264,300 GROUP,INC.
TOCALO CO.,LTD. 676,800 1,152.00 779,673,600 21,500
ALPHA CORPORATION 85,800 916.00 78,592,800 1,400
SUMCO CORPORATION 2,895,400 1,655.00 4,791,887,000 1,579,400
KAWADA TECHNOLOGIES,INC. 49,800 4,815.00 239,787,000 5,000
RS TECHNOLOGIES CO.,LTD. 69,000 3,830.00 264,270,000 29,800
SHINWA CO.,LTD. 140,100 718.00 100,591,800 400
TOYO SEIKAN GROUP 1,551,700 1,169.00 1,813,937,300 31,300 HOLDINGS,LTD.
72
HOKKAN HOLDINGS LIMITED 133,900 1,731.00 231,780,900 5,000
CORONA CORPORATION 134,700 1,006.00 135,508,200 2,900
YOKOGAWA BRIDGE 453,100 2,201.00 997,273,100 23,300 HOLDINGS CORP.
KOMAIHALTEC INC. 45,700 1,430.00 65,351,000
TAKADAKIKO (STEEL 22,300 2,407.00 53,676,100 1,400 CONSTRUCTION) CO.,LTD.
SANWA HOLDINGS 2,296,900 921.00 2,115,444,900 9,400 CORPORATION
BUNKA SHUTTER CO.,LTD. 717,900 742.00 532,681,800 18,400
SANKYO TATEYAMA,INC. 313,800 911.00 285,871,800 43,800
ALINCO INCORPORATED 177,000 929.00 164,433,000 8,800
TOYO SHUTTER CO.,LTD. 58,600 675.00 39,555,000 16,900
LIXIL GROUP CORPORATION 3,594,900 1,547.00 5,561,310,300 153,800
NIPPON FILCON CO.,LTD. 186,600 456.00 85,089,600 9,800
NORITZ CORPORATION 505,100 1,317.00 665,216,700 16,900
CHOFU SEISAKUSHO CO.,LTD. 247,700 2,179.00 539,738,300 10,500
RINNAI CORPORATION 473,800 8,860.00 4,197,868,000 1,000
DAINICHI CO.,LTD. 131,200 692.00 90,790,400 5,800
NITTOSEIKO CO.,LTD. 336,400 458.00 154,071,200 14,000
SANYO INDUSTRIES,LTD. 32,300 1,883.00 60,820,900
OKABE CO.,LTD. 493,700 800.00 394,960,000 14,200
G-TEKT CORPORATION 302,500 988.00 298,870,000 12,000
TOPRE CORPORATION 454,500 1,145.00 520,402,500 1,800
NETUREN CO.,LTD. 468,900 507.00 237,732,300 28,500
TOKYO ROPE MFG.CO.,LTD 174,200 580.00 101,036,000 1,200
SUNCALL CORPORATION 182,400 418.00 76,243,200
MOLITEC STEEL CO.,LTD. 189,800 290.00 55,042,000 5,000
PIOLAX,INC. 360,300 1,535.00 553,060,500 5,200
H-ONE CO.,LTD. 238,900 550.00 131,395,000 141,400
NHK SPRING CO.,LTD. 2,613,800 667.00 1,743,404,600 114,400
CHUO SPRING CO.,LTD. 29,300 2,765.00 81,014,500
ADVANEX INC. 34,900 1,400.00 48,860,000 2,000
TACHIKAWA CORPORATION 107,200 1,261.00 135,179,200 9,500
MIMASU SEMICONDUCTOR 190,100 2,377.00 451,867,700 19,100 INDUSTRY CO.,LTD.
NIPPON DRY-CHEMICAL 60,400 1,728.00 104,371,200 1,800
73
CO.,LTD.
THE JAPAN STEEL 739,100 1,525.00 1,127,127,500 38,200 WORKS,LTD.
MIURA CO.,LTD. 1,054,200 4,455.00 4,696,461,000 604,500
TAKUMA CO.,LTD. 825,300 1,460.00 1,204,938,000 86,000
TSUGAMI CORPORATION 504,900 880.00 444,312,000
OKUMA CORPORATION 284,000 4,475.00 1,270,900,000 9,700
SHIBAURA MACHINE CO.,LTD. 275,100 2,109.00 580,185,900 30,000
AMADA CO.,LTD. 3,021,600 833.00 2,516,992,800 125,400
AIDA ENGINEERING,LTD. 637,500 718.00 457,725,000 113,400
TAKISAWA MACHINE TOOL 75,500 1,003.00 75,726,500 CO.,LTD.
FUJI CORPORATION 1,047,500 1,879.00 1,968,252,500 174,200
MAKINO MILLING MACHINE 285,600 3,175.00 906,780,000 6,300 CO.,LTD.
OSG CORPORATION 1,126,200 1,639.00 1,845,841,800 214,400
DIJET INDUSTRIAL CO.,LTD. 27,500 1,330.00 36,575,000
ASAHI DIAMOND INDUSTRIAL 639,100 471.00 301,016,100 31,900 CO.,LTD.
DMG MORI CO.,LTD. 1,541,500 1,282.00 1,976,203,000 1,063,300
SODICK CO.,LTD. 572,400 805.00 460,782,000 184,200
DISCO CORPORATION 330,500 27,610.00 9,125,105,000 27,000
NITTO KOHKI CO.,LTD. 133,400 1,886.00 251,592,400 11,600
NS TOOL CO.,LTD. 95,600 2,491.00 238,139,600 11,400
PUNCH INDUSTRY CO.,LTD. 220,000 406.00 89,320,000 9,000
FUJI DIE CO.,LTD. 107,100 660.00 70,686,000 5,000
HOWA MACHINERY,LTD. 134,400 760.00 102,144,000
OKK CORPORATION 99,700 388.00 38,683,600 7,500
ISHIKAWA SEISAKUSHO,LTD. 58,600 1,591.00 93,232,600 40,600
TOYO MACHINERY & METAL 174,200 400.00 69,680,000 8,700 CO.,LTD.
TSUDAKOMA CORP. 46,900 864.00 40,521,600 4,500
ENSHU LIMITED 58,300 945.00 55,093,500
SHIMA SEIKI MFG.,LTD. 383,300 1,415.00 542,369,500 180,100
OPTORUN CO.,LTD. 271,400 2,548.00 691,527,200 89,000
NC HOLDINGS CO.,LTD. 73,600 544.00 40,038,400
IWAKI CO.,LTD. 154,800 982.00 152,013,600 10,700
74
FURYU CORPORATION 238,100 986.00 234,766,600 30,200
YAMASHIN-FILTER CORP. 529,200 1,041.00 550,897,200 322,500
HISAKA WORKS,LTD. 300,500 745.00 223,872,500 12,400
YAMABIKO CORPORATION 472,400 926.00 437,442,400 13,800
HIRATA CORPORATION 115,200 6,050.00 696,960,000 10,200
PEGASUS SEWING MACHINE 246,800 312.00 77,001,600 4,000 MFG.CO.,LTD.
MARUMAE CO.,LTD. 89,800 1,220.00 109,556,000 62,000
TAZMO CO.,LTD. 113,600 1,813.00 205,956,800 71,500
NABTESCO CORPORATION 1,435,700 3,350.00 4,809,595,000 1,004,900
MODEC,INC. 258,900 1,553.00 402,071,700 50,000
RHEON AUTOMATIC 238,900 1,243.00 296,952,700 32,900 MACHINERY CO.,LTD.
SMC CORPORATION 773,000 56,530.00 43,697,690,000 86,400
HOSOKAWA MICRON 85,700 5,630.00 482,491,000 3,500 CORPORATION
UNION TOOL CO. 90,800 2,628.00 238,622,400 62,800
OILES CORPORATION 314,800 1,389.00 437,257,200 7,200
NISSEI ASB MACHINE 70,400 3,070.00 216,128,000 20,300 CO.,LTD.
SATO HOLDINGS 347,300 2,372.00 823,795,600 31,700 CORPORATION
GIKEN LTD. 214,400 4,945.00 1,060,208,000 2,500
AIRTECH JAPAN,LTD. 87,100 1,076.00 93,719,600 60,400
KAWATA MFG.CO.,LTD. 71,700 734.00 52,627,800 3,800
NISSEI PLASTIC INDUSTRIAL 204,400 803.00 164,133,200 18,000 CO.,LTD.
OKADA AIYON CORPORATION 76,900 934.00 71,824,600 6,100
Y.A.C.HOLDINGS CO.,LTD. 104,500 649.00 67,820,500 39,700
KOMATSU LTD. 11,158,900 2,180.00 24,326,402,000 2,564,700
SUMITOMO HEAVY 1,410,100 2,249.00 3,171,314,900 36,100 INDUSTRIES,LTD.
HITACHI CONSTRUCTION 987,300 3,000.00 2,961,900,000 12,200 MACHINERY CO.,LTD.
NIKKO CO.,LTD. 336,600 619.00 208,355,400 27,700
TOMOE ENGINEERING
CO.,LTD. (TOMOE KOGYO 104,700 1,830.00 191,601,000 4,500 CO.,LTD.) 75
ISEKI & CO.,LTD. 246,200 1,131.00 278,452,200 3,400
TOWA CORPORATION 248,800 1,416.00 352,300,800 104,000
MARUYAMA MFG.CO.,INC. 50,000 1,151.00 57,550,000 1,100
KITAGAWA CORPORATION 110,700 1,527.00 169,038,900 2,000
RORZE CORPORATION 107,900 5,800.00 625,820,000 39,700
TAKAKITA CO.,LTD. 85,700 601.00 51,505,700 12,900
KUBOTA CORPORATION 13,070,700 1,549.50 20,253,049,650 1,251,500
EBARA JITSUGYO CO.,LTD. 61,600 2,851.00 175,621,600 3,500
MITSUBISHI KAKOKI 84,700 1,871.00 158,473,700 KAISHA,LTD.
TSUKISHIMA KIKAI CO.,LTD. 453,700 1,134.00 514,495,800 34,800
TEIKOKU ELECTRIC 202,900 1,232.00 249,972,800 3,100 MFG.CO.,LTD.
TOKYO KIKAI 100,200 289.00 28,957,800 16,800 SEISAKUSHO,LTD.
SINTOKOGIO,LTD. 584,500 759.00 443,635,500 27,800
SHIBUYA CORPORATION 215,300 2,818.00 606,715,400 12,300
AICHI CORPORATION 425,400 739.00 314,370,600 24,600
KOMORI CORPORATION 624,300 683.00 426,396,900 64,000
TSURUMI MANUFACTURING 189,300 1,826.00 345,661,800 9,000 CO.,LTD.
SUMITOMO PRECISION 36,600 2,137.00 78,214,200 PRODUCTS CO.,LTD.
NIPPON GEAR CO.,LTD. 98,300 282.00 27,720,600 30,000
SAKAI HEAVY 46,200 2,030.00 93,786,000 INDUSTRIES,LTD.
EBARA CORPORATION 1,019,900 2,570.00 2,621,143,000 49,600
ISHII IRON WORKS CO.,LTD. 31,800 2,505.00 79,659,000 600
TORISHIMA PUMP 248,300 834.00 207,082,200 5,700 MFG.CO.,LTD.
HOKUETSU INDUSTRIES 253,800 1,033.00 262,175,400 1,100 CO.,LTD.
DAIKIN INDUSTRIES,LTD. 3,138,800 18,365.00 57,644,062,000 70,700
ORGANO CORPORATION 88,700 5,600.00 496,720,000 17,400
TOYO KANETSU K.K. 107,000 2,072.00 221,704,000 2,300
KURITA WATER INDUSTRIES 1,333,200 2,993.00 3,990,267,600 26,800 LTD.
76
TSUBAKIMOTO CHAIN CO. 351,400 2,579.00 906,260,600 44,900
DAIDO KOGYO CO.,LTD. 117,000 649.00 75,933,000
KIMURA CHEMICAL PLANTS 204,800 415.00 84,992,000 62,000 CO.,LTD.
ANEST IWATA CORPORATION 383,200 832.00 318,822,400 22,600
DAIFUKU CO.,LTD. 1,259,000 10,190.00 12,829,210,000 177,400
SAMCO INC. 61,500 2,940.00 180,810,000 7,000
KATO WORKS CO.,LTD. 134,800 1,204.00 162,299,200 2,000
YUKEN KOGYO CO.,LTD. 41,400 1,481.00 61,313,400
TADANO LTD. 1,188,600 891.00 1,059,042,600 641,300
FUJITEC CO.,LTD. 895,600 1,923.00 1,722,238,800 13,700
CKD CORPORATION 675,200 2,045.00 1,380,784,000 14,800
KITO CORPORATION 186,200 1,242.00 231,260,400 2,700
HEIWA CORPORATION 687,100 1,787.00 1,227,847,700 474,400
RISO KAGAKU CORPORATION 217,500 1,341.00 291,667,500 11,600
SANKYO CO.,LTD. 548,200 2,633.00 1,443,410,600 5,000
JAPAN CASH MACHINE 272,300 571.00 155,483,300 5,100 CO.,LTD.
MARS GROUP HOLDINGS 156,400 1,614.00 252,429,600 5,400 CORPORATION
FUKUSHIMA GALILEI CO.LTD. 151,900 3,265.00 495,953,500 2,000
OIZUMI CORPORATION 103,300 382.00 39,460,600 500
DAIKOKU DENKI CO.,LTD. 113,100 1,215.00 137,416,500 6,200
TAKEUCHI MFG.CO.,LTD. 412,300 1,759.00 725,235,700 900
AMANO CORPORATION 645,000 2,298.00 1,482,210,000 12,000
JUKI CORPORATION 342,800 535.00 183,398,000 8,000
SANDEN HOLDINGS 322,000 302.00 97,244,000 107,900 CORPORATION
JANOME SEWING MACHINE 224,000 441.00 98,784,000 2,000 CO.,LTD.
MAX CO.,LTD. 375,900 1,513.00 568,736,700 11,400
GLORY LTD. 632,800 2,493.00 1,577,570,400 10,500
SINKO INDUSTRIES LTD. 229,000 1,448.00 331,592,000 7,700
DAIWA INDUSTRIES LTD. 356,000 943.00 335,708,000 13,900
SEGA SAMMY HOLDINGS INC. 2,443,700 1,311.00 3,203,690,700 68,300
NIPPON PISTON RING 89,700 1,191.00 106,832,700 2,200 CO.,LTD.
77
RIKEN CORPORATION 114,000 2,859.00 325,926,000 3,800
TPR CO.,LTD. 331,400 1,298.00 430,157,200 6,200
TSUBAKI NAKASHIMA 502,600 807.00 405,598,200 80,000 CO.,LTD.
HOSHIZAKI CORPORATION 720,100 9,150.00 6,588,915,000 83,500
TAIHO KOGYO CO.,LTD. 200,800 530.00 106,424,000
NSK LTD. 4,638,400 786.00 3,645,782,400 120,900
NTN CORPORATION 5,702,000 212.00 1,208,824,000 432,500
JTEKT CORPORATION 2,363,200 802.00 1,895,286,400 88,800
NACHI-FUJIKOSHI CORP. 228,700 3,315.00 758,140,500 10,900
NIPPON THOMPSON CO.,LTD. 730,800 335.00 244,818,000 47,700
THK CO.,LTD. 1,433,400 2,719.00 3,897,414,600 1,003,300
YUSHIN PRECISION 190,800 706.00 134,704,800 6,600 EQUIPMENT CO.,LTD.
MAEZAWA KYUSO 89,500 2,017.00 180,521,500 1,600 INDUSTRIES CO.,LTD.
EAGLE INDUSTRY CO.,LTD. 304,500 703.00 214,063,500 9,000
MAEZAWA INDUSTRIES,INC. 163,900 407.00 66,707,300 700
NIPPON PILLAR PACKING 249,000 1,380.00 343,620,000 18,500 CO.,LTD.
KITZ CORPORATION 998,300 678.00 676,847,400 52,800
MAKITA CORPORATION 3,212,800 3,965.00 12,738,752,000 355,000
HITACHI ZOSEN 1,953,000 375.00 732,375,000 209,100 CORPORATION
MITSUBISHI HEAVY 4,128,800 2,571.00 10,615,144,800 608,600 INDUSTRIES,LTD.
IHI CORPORATION 1,774,800 1,572.00 2,789,985,600 46,800
STAR MICRONICS CO.,LTD. 379,400 1,260.00 478,044,000 12,500
NISSHINBO HOLDINGS INC. 1,642,000 770.00 1,264,340,000 80,300
IBIDEN CO.,LTD. 1,508,400 3,155.00 4,759,002,000 63,300
KONICA MINOLTA,INC. 5,382,800 375.00 2,018,550,000 149,100
BROTHER INDUSTRIES,LTD. 3,008,600 1,861.00 5,599,004,600 25,900
MINEBEA MITSUMI INC. 4,573,500 1,917.00 8,767,399,500 366,000
HITACHI,LTD. 11,837,900 3,391.00 40,142,318,900 138,100
MITSUBISHI ELECTRIC 24,635,900 1,405.00 34,613,439,500 177,700 CORPORATION
FUJI ELECTRIC CO.,LTD. 1,484,600 2,885.00 4,283,071,000 84,600
78
TOYO DENKI SEIZO K.K.
(TOYO ELECTRIC 89,400 1,190.00 106,386,000 5,700 MFG.CO.,LTD.)
YASKAWA ELECTRIC 2,651,900 4,040.00 10,713,676,000 74,100 CORPORATION
SINFONIA TECHNOLOGY 319,000 1,027.00 327,613,000 22,900 CO.,LTD.
MEIDENSHA CORPORATION 452,700 1,603.00 725,678,100 31,800
ORIGIN COMPANY,LIMITED 66,600 1,339.00 89,177,400
SANYO DENKI CO.,LTD. 119,100 4,795.00 571,084,500 3,000
DENYO CO.,LTD. 209,800 1,990.00 417,502,000 6,700
TOSHIBA TEC CORPORATION 308,600 4,180.00 1,289,948,000 12,100
SHIBAURA MECHATRONICS 43,700 2,822.00 123,321,400 CORPORATION
MABUCHI MOTOR CO.,LTD. 681,800 3,325.00 2,266,985,000 291,700
NIDEC CORPORATION 5,929,200 7,074.00 41,943,160,800 204,800
UMC ELECTRONICS CO.,LTD. 147,600 418.00 61,696,800 30,000
TOREX SEMICONDUCTOR LTD. 141,400 1,234.00 174,487,600 700
TAKAOKA TOKO CO.,LTD. 137,000 1,008.00 138,096,000 1,000
W-SCOPE CORPORATION 389,500 782.00 304,589,000 273,700
MIYAKOSHI HOLDINGS,INC. 91,800 748.00 68,666,400 22,300
DAIHEN CORPORATION 269,500 4,015.00 1,082,042,500 11,000
YA-MAN LTD. 401,700 977.00 392,460,900 277,400
JVCKENWOOD CORPORATION 2,007,200 158.00 317,137,600
MIMAKI ENGINEERING 220,600 382.00 84,269,200 15,400 CO.,LTD.
DAI-ICHI SEIKO CO.,LTD. 100,200 2,064.00 206,812,800 54,000
NISSIN ELECTRIC CO.,LTD. 577,300 1,030.00 594,619,000
OSAKI ELECTRIC CO.,LTD. 489,900 517.00 253,278,300 13,400
OMRON CORPORATION 2,208,600 7,330.00 16,189,038,000 102,200
NITTO KOGYO CORPORATION 361,800 1,807.00 653,772,600 8,200
IDEC CORPORATION 355,800 1,640.00 583,512,000 71,900
SEIKO ELECTRIC CO.,LTD. 57,800 958.00 55,372,400 15,200
FUJI ELECTRIC INDUSTRY 40,800 1,340.00 54,672,000 28,300 CO.,LTD.
GS YUASA CORPORATION 822,500 1,838.00 1,511,755,000 64,200
SAXA HOLDINGS,INC. 57,300 1,566.00 89,731,800
79
MELCO HOLDINGS INC. 85,000 3,275.00 278,375,000 5,000
TECHNO MEDICA CO.,LTD. 55,300 1,786.00 98,765,800 1,000
DIAMOND ELECTRIC 53,200 581.00 30,909,200 10,000 HOLDINGS CO.,LTD.
NEC CORPORATION 2,988,500 5,570.00 16,645,945,000 4,600
FUJITSU LIMITED 2,375,000 12,980.00 30,827,500,000 24,300
OKI ELECTRIC INDUSTRY 1,000,700 1,065.00 1,065,745,500 29,500 COMPANY,LIMITED
IWATSU ELECTRIC CO.,LTD. 108,000 830.00 89,640,000 2,300
DENKI KOGYO 118,500 2,523.00 298,975,500 11,400 COMPANY,LIMITED
SANKEN ELECTRIC CO.,LTD. 268,800 2,062.00 554,265,600 67,500
NAKAYO,INC. 47,700 1,410.00 67,257,000
AIPHONE CO.,LTD. 139,400 1,449.00 201,990,600 2,000
RENESAS ELECTRONICS 11,804,700 598.00 7,059,210,600 223,700 CORPORATION
SEIKO EPSON CORPORATION 3,056,800 1,207.00 3,689,557,600 243,700
WACOM CO.,LTD. 1,656,100 577.00 955,569,700 77,000
ULVAC, INC. 453,000 3,265.00 1,479,045,000 134,100
AXELL CORPORATION 102,700 761.00 78,154,700 300
EIZO CORPORATION 191,300 4,110.00 786,243,000 2,500
JAPAN DISPLAY INC. 7,120,100 49.00 348,884,900 4,919,800
NIPPON SIGNAL 627,300 1,112.00 697,557,600 16,200 COMPANY,LIMITED
KYOSAN ELECTRIC 576,800 551.00 317,816,800 75,900 MANUFACTURING CO.,LTD.
NOHMI BOSAI LTD. 325,700 2,024.00 659,216,800 8,800
HOCHIKI CORPORATION 178,500 1,220.00 217,770,000 3,600
SEIWA ELECTRIC 121,500 616.00 74,844,000 35,300 MFG.CO.,LTD.
ELECOM CO.,LTD. 274,100 5,410.00 1,482,881,000 21,100
PANASONIC CORPORATION 28,148,400 956.30 26,918,314,920 80,600
SHARP CORPORATION 2,850,700 1,150.00 3,278,305,000 897,500
ANRITSU CORPORATION 1,586,400 2,505.00 3,973,932,000 1,094,500
FUJITSU GENERAL LIMITED 668,700 2,373.00 1,586,825,100 57,500
Collateral SONY CORPORATION 15,433,400 7,430.00 114,670,162,000 Sercurities
80
500,000 shares
Loaned securities 336,600 shares
TDK CORPORATION 1,189,500 10,490.00 12,477,855,000 19,100
TEIKOKU TSUSHIN KOGYO 108,600 1,185.00 128,691,000 4,000 CO.,LTD.
TAMURA CORPORATION 823,100 441.00 362,987,100 24,800
ALPS ALPINE CO.,LTD. 2,180,500 1,393.00 3,037,436,500 36,300
IKEGAMI TSUSHINKI CO.,LTD. 78,000 863.00 67,314,000 2,000
NIHON DEMPA KOGYO 222,200 336.00 74,659,200 128,000 CO.,LTD.
SUZUKI CO.,LTD. 121,100 683.00 82,711,300 15,900
NIHON TRIM CO.,LTD. 33,100 3,270.00 108,237,000
ROLAND DG CORPORATION 135,500 1,140.00 154,470,000 19,100
FOSTER ELECTRIC 258,600 1,069.00 276,443,400 15,000 COMPANY,LIMITED
SMK CORPORATION 63,100 2,629.00 165,889,900
YOKOWO CO.,LTD. 159,500 2,704.00 431,288,000 2,100
TEAC CORPORATION 177,000 150.00 26,550,000 122,800
HOSIDEN CORPORATION 673,300 932.00 627,515,600 7,000
HIROSE ELECTRIC CO.,LTD. 381,700 11,840.00 4,519,328,000 64,200
JAPAN AVIATION ELECTRONICS 564,800 1,459.00 824,043,200 16,900
INDUSTRY,LIMITED
TOA CORPORATION 264,200 743.00 196,300,600 16,800
MAXELL HOLDINGS,LTD. 530,500 960.00 509,280,000 39,300
FURUNO ELECTRIC CO.,LTD. 317,100 978.00 310,123,800 20,100
UNIDEN HOLDINGS 67,600 1,772.00 119,787,200 1,100 CORPORATION
SUMIDA CORPORATION 189,000 721.00 136,269,000 4,800
ICOM INCORPORATED 136,300 2,981.00 406,310,300 5,500
RION CO.,LTD. 103,400 2,118.00 219,001,200 4,400
HONDA TSUSHIN KOGYO 210,400 408.00 85,843,200 98,100
81
CO.,LTD.
FUNAI ELECTRIC CO.,LTD. 248,700 493.00 122,609,100 800
YOKOGAWA ELECTRIC 2,260,200 1,652.00 3,733,850,400 68,800 CORPORATION
SHINDENGEN ELECTRIC 87,000 2,112.00 183,744,000 19,000 MANUFACTURING CO.,LTD.
AZBIL CORPORATION 1,554,900 3,390.00 5,271,111,000 53,300
DKK-TOA CORPORATION 121,700 853.00 103,810,100 17,400
NIHON KOHDEN 1,018,100 3,580.00 3,644,798,000 17,300 CORPORATION
CHINO CORPORATION 85,000 1,380.00 117,300,000 5,600
KYOWA ELECTRONIC 257,600 418.00 107,676,800 9,500 INSTRUMENTS CO.,LTD.
JAPAN ELECTRONIC 97,400 1,477.00 143,859,800 16,200 MATERIALS CORPORATION
HORIBA,LTD. 488,000 5,750.00 2,806,000,000 303,200
ADVANTEST CORPORATION 1,831,800 6,820.00 12,492,876,000 88,000
ONO SOKKI CO.,LTD. 102,600 517.00 53,044,200 4,000
ESPEC CORP. 218,300 1,763.00 384,862,900 8,100
Collateral
Sercurities KEYENCE CORPORATION 2,232,400 44,560.00 99,475,744,000 60,000 shares Loaned securities 16,300 shares
HIOKI E.E. CORPORATION 128,700 3,260.00 419,562,000 32,800
SYSMEX CORPORATION 1,761,000 8,012.00 14,109,132,000 51,800
MICRONICS JAPAN CO.,LTD. 428,600 1,228.00 526,320,800 28,800
MEGACHIPS CORPORATION 229,100 1,998.00 457,741,800 8,100
OBARA GROUP 143,700 3,375.00 484,987,500 91,100 INCORPORATED
SAWAFUJI ELECTRIC CO.,LTD. 29,700 1,734.00 51,499,800 1,900
HARADA INDUSTRY CO.,LTD. 116,500 935.00 108,927,500 5,000
COSEL CO.,LTD. 327,800 860.00 281,908,000 48,200
IRISO ELECTRONICS CO.,LTD. 206,800 3,240.00 670,032,000 22,800
OPTEX GROUP 404,100 1,217.00 491,789,700 23,800 COMPANY,LIMITED
CHIYODA INTEGRE CO.,LTD. 113,800 1,603.00 182,421,400 2,300
I-O DATA DEVICE,INC. 79,500 1,031.00 81,964,500 2,700 82
LASERTEC CORPORATION 1,081,800 11,140.00 12,051,252,000 17,300
STANLEY ELECTRIC CO.,LTD. 1,727,200 2,582.00 4,459,630,400 144,300
IWASAKI ELECTRIC CO.,LTD. 95,700 1,877.00 179,628,900 1,000
USHIO INC. 1,360,000 1,370.00 1,863,200,000 293,300
OKAYA ELECTRIC INDUSTRIES 192,800 306.00 58,996,800 9,500 CO.,LTD.
HELIOS TECHNO HOLDING 226,800 317.00 71,895,600 20,400 CO.,LTD.
ENOMOTO CO.,LTD. 73,500 1,052.00 77,322,000 3,000
NIPPON CERAMIC CO.,LTD. 249,900 2,234.00 558,276,600 20,000
ENDO LIGHTING 124,300 616.00 76,568,800 3,600 CORPORATION
THE FURUKAWA BATTERY 175,600 1,360.00 238,816,000 121,800 CO.,LTD.
SOSHIN ELECTRIC CO.,LTD. 119,300 416.00 49,628,800 21,300
YAMAICHI ELECTRONICS 178,500 1,368.00 244,188,000 500 CO.,LTD.
ZUKEN INC. 160,200 3,050.00 488,610,000 2,600
JEOL LTD. 485,800 3,110.00 1,510,838,000 17,800
CASIO COMPUTER CO.,LTD. 2,179,400 1,850.00 4,031,890,000 100,500
FANUC CORPORATION 2,316,800 19,320.00 44,760,576,000 78,700
CMK CORPORATION 578,800 410.00 237,308,000 311,000
ENPLAS CORPORATION 125,500 2,345.00 294,297,500 16,500
DAISHINKU CORP. 90,000 2,316.00 208,440,000 27,600
ROHM COMPANY LIMITED 1,093,800 7,100.00 7,765,980,000 18,800
HAMAMATSU PHOTONICS K.K. 1,767,200 4,810.00 8,500,232,000 104,400
MITSUI HIGH-TEC,INC. 271,700 1,690.00 459,173,000 46,700
SHINKO ELECTRIC 827,100 1,626.00 1,344,864,600 13,800 INDUSTRIES CO.,LTD.
KYOCERA CORPORATION 3,466,100 5,755.00 19,947,405,500 26,600
TAIYO YUDEN CO.,LTD. 1,095,700 3,395.00 3,719,901,500 755,800
MURATA MANUFACTURING 7,237,100 6,553.00 47,424,716,300 67,100 CO.,LTD.
FUTABA CORPORATION 389,400 960.00 373,824,000 14,700
HOKURIKU ELECTRIC 99,100 848.00 84,036,800 2,400 INDUSTRY CO.,LTD.
NICHICON CORPORATION 835,300 700.00 584,710,000 364,300
NIPPON CHEMI-CON 187,200 1,933.00 361,857,600 38,400
83
CORPORATION
KOA CORPORATION 371,600 968.00 359,708,800 16,200
ICHIKOH INDUSTRIES,LTD. 368,300 481.00 177,152,300 10,900
KOITO MANUFACTURING 1,475,900 4,365.00 6,442,303,500 57,400 CO.,LTD.
MITSUBA CORPORATION 453,200 399.00 180,826,800 17,900
SCREEN HOLDINGS CO.,LTD. 427,400 5,290.00 2,260,946,000 136,400
CANON ELECTRONICS INC. 258,300 1,583.00 408,888,900 6,500
CANON INC. 13,262,600 2,085.00 27,652,521,000 9,046,800
RICOH COMPANY,LTD. 6,267,700 780.00 4,888,806,000 302,000
ZOJIRUSHI CORPORATION 721,900 1,335.00 963,736,500 475,700
MUTOH HOLDINGS CO.,LTD. 30,900 1,522.00 47,029,800
TOKYO ELECTRON LIMITED 1,563,300 29,810.00 46,601,973,000 51,800
TOYOTA BOSHOKU 717,700 1,408.00 1,010,521,600 44,800 CORPORATION
ASHIMORI INDUSTRY CO.,LTD. 51,000 1,001.00 51,051,000 100
UNIPRES CORPORATION 477,200 890.00 424,708,000 5,700
TOYOTA INDUSTRIES 1,993,900 5,600.00 11,165,840,000 200,900 CORPORATION
MORITA HOLDINGS 430,600 1,779.00 766,037,400 30,400 CORPORATION
SANOH INDUSTRIAL CO.,LTD. 312,200 670.00 209,174,000 187,100
DENSO CORPORATION 5,424,300 4,168.00 22,608,482,400 158,100
TOKAI RIKA CO.,LTD. 648,700 1,499.00 972,401,300 43,200
MITSUI E&S HOLDINGS 889,800 432.00 384,393,600 39,800 CO.,LTD.
KAWASAKI HEAVY 1,917,000 1,559.00 2,988,603,000 727,900 INDUSTRIES,LTD.
NAMURA SHIPBUILDING 792,800 155.00 122,884,000 5,000 CO.,LTD.
SANOYAS HOLDINGS 299,700 159.00 47,652,300 34,900 CORPORATION
NIPPON SHARYO,LTD. 89,800 2,443.00 219,381,400 22,100
MITSUBISHI LOGISNEXT 326,000 913.00 297,638,000 47,100 CO.,LTD.
THE KINKI SHARYO CO.,LTD. 37,000 1,225.00 45,325,000 11,000
NISSAN MOTOR CO.,LTD. 29,055,900 391.20 11,366,668,080 20,339,100
ISUZU MOTORS LIMITED 7,138,600 949.70 6,779,528,420 277,600
84
Collateral
Sercurities TOYOTA MOTOR 27,489,600 6,728.00 184,950,028,800 1,046,500 shares CORPORATION Loaned securities 1,896,500 shares
HINO MOTORS,LTD. 3,076,500 706.00 2,172,009,000 118,000
MITSUBISHI MOTORS 9,119,400 271.00 2,471,357,400 451,300 CORPORATION
F-TECH INC. 171,800 484.00 83,151,200 700
LECIP HOLDINGS 96,400 550.00 53,020,000 2,700 CORPORATION
GMB CORPORATION 44,000 611.00 26,884,000 7,000
FALTEC CO.,LTD. 43,100 694.00 29,911,400
MUSASHI SEIMITSU 548,500 886.00 485,971,000 67,200 INDUSTRY CO.,LTD.
NISSAN SHATAI CO.,LTD. 481,100 899.00 432,508,900 27,800
SHINMAYWA INDUSTRIES,LTD. 663,600 1,018.00 675,544,800 32,900
KYOKUTO KAIHATSU KOGYO 457,700 1,325.00 606,452,500 12,500 CO.,LTD.
NISSIN KOGYO CO.,LTD. 500,700 2,193.00 1,098,035,100 17,200
TOPY INDUSTRIES,LIMITED 202,600 1,165.00 236,029,000 4,400
T.RAD CO.,LTD. 89,400 1,281.00 114,521,400 3,300
AKEBONO BRAKE INDUSTRY 1,352,200 172.00 232,578,400 242,200 CO.,LTD.
TACHI-S CO.,LTD. 404,400 863.00 348,997,200 30,100
NOK CORPORATION 1,324,400 1,315.00 1,741,586,000 204,400
FUTABA INDUSTRIAL CO.,LTD. 685,200 441.00 302,173,200 24,000
KYB CORPORATION 275,700 1,977.00 545,058,900 1,200
DAIDO METAL CO.,LTD. 472,500 532.00 251,370,000 106,100
PRESS KOGYO CO.,LTD. 1,220,900 284.00 346,735,600 45,100
MIKUNI CORPORATION 312,500 268.00 83,750,000 19,000
PACIFIC INDUSTRIAL CO.,LTD. 515,900 906.00 467,405,400 19,200
KEIHIN CORPORATION 565,900 2,533.00 1,433,424,700 19,000
KASAI KOGYO CO.,LTD. 332,500 438.00 145,635,000 36,300
AISIN SEIKI CO.,LTD. 2,028,600 3,105.00 6,298,803,000 33,200 85
MAZDA MOTOR CORPORATION 7,249,000 653.00 4,733,597,000 1,379,100
IMASEN ELECTRIC 228,500 693.00 158,350,500 6,100 INDUSTRIAL CO.,LTD.
Collateral
Sercurities HONDA MOTOR CO.,LTD. 19,398,000 2,726.00 52,878,948,000 93,900 shares Loaned securities 82,000 shares
SUZUKI MOTOR 4,883,100 3,794.00 18,526,481,400 160,300 CORPORATION
SUBARU CORPORATION 7,648,500 2,222.00 16,994,967,000 32,300
YASUNAGA CORPORATION 118,800 1,007.00 119,631,600 28,100
YAMAHA MOTOR CO.,LTD. 3,212,600 1,642.00 5,275,089,200 2,257,600
SHOWA CORPORATION 581,500 2,236.00 1,300,234,000 16,900
TBK CO.,LTD. 292,500 435.00 127,237,500 16,900
EXEDY CORPORATION 334,500 1,530.00 511,785,000 6,100
TOYODA GOSEI CO.,LTD. 795,600 2,162.00 1,720,087,200 55,800
AISAN INDUSTRY CO.,LTD. 385,500 510.00 196,605,000 5,400
MEIWA INDUSTRY CO.,LTD. 37,500 920.00 34,500,000 1,600
NIHON PLAST CO.,LTD. 193,000 443.00 85,499,000 4,100
YOROZU CORPORATION 230,000 1,026.00 235,980,000 24,400
F.C.C.CO.,LTD. 402,700 1,808.00 728,081,600 42,700
SHIMANO INC. 922,000 21,520.00 19,841,440,000 59,600
TS TECH CO.,LTD. 572,100 2,877.00 1,645,931,700 5,700
JAMCO CORPORATION 123,300 742.00 91,488,600 83,100
TERUMO CORPORATION 6,971,500 4,022.00 28,039,373,000 130,100
CREATE MEDIC CO.,LTD. 81,300 983.00 79,917,900
NIKKISO CO.,LTD. 738,700 978.00 722,448,600 245,700
JAPAN MEDICAL DYNAMIC 141,800 1,570.00 222,626,000 13,100 MARKETING,INC.
SHIMADZU CORPORATION 2,944,100 2,898.00 8,532,001,800 234,800
JMS CO.,LTD. 208,100 786.00 163,566,600 5,600
KUBOTEK CORPORATION 63,400 365.00 23,141,000 39,400
NAGANO KEIKI CO.,LTD. 178,400 1,032.00 184,108,800 31,000
86
V TECHNOLOGY CO.,LTD. 115,400 3,870.00 446,598,000 39,300
TOKYO KEIKI INC. 156,800 941.00 147,548,800 11,500
AICHI TOKEI DENKI CO.,LTD. 32,400 4,515.00 146,286,000 1,000
INTER ACTION CORPORATION 132,100 1,927.00 254,556,700 45,000
OVAL CORPORATION 220,300 219.00 48,245,700 38,400
TOKYO SEIMITSU CO.,LTD. 446,600 3,465.00 1,547,469,000 9,600
MANI,INC. 981,300 2,922.00 2,867,358,600 54,700
NIKON CORPORATION 3,762,000 870.00 3,272,940,000 122,800
TOPCON CORPORATION 1,240,700 825.00 1,023,577,500 38,100
OLYMPUS CORPORATION 13,632,000 1,990.50 27,134,496,000 311,500
RIKEN KEIKI CO.,LTD. 217,200 2,361.00 512,809,200 5,100
TAMRON CO.,LTD. 198,500 1,760.00 349,360,000 10,300
HOYA CORPORATION 4,887,700 10,730.00 52,445,021,000
SEED CO.,LTD. 104,500 724.00 75,658,000 17,400
NORITSU KOKI CO.,LTD. 166,100 1,614.00 268,085,400 16,800
A&D COMPANY,LIMITED 224,400 676.00 151,694,400 25,700
ASAHI INTECC CO.,LTD. 2,790,000 3,045.00 8,495,550,000 79,900
CITIZEN WATCH CO.,LTD. 2,885,400 339.00 978,150,600 157,400
RHYTHM WATCH CO.,LTD. 77,000 600.00 46,200,000 1,000
DAIKEN MEDICAL CO.,LTD. 170,400 570.00 97,128,000 1,800
MENICON CO.,LTD. 349,000 5,350.00 1,867,150,000 12,200
SINCERE CO.,LTD. 26,200 392.00 10,270,400 12,500
SHOFU INC. 110,900 1,452.00 161,026,800 3,300
SEIKO HOLDINGS 348,400 1,618.00 563,711,200 105,200 CORPORATION
NIPRO CORPORATION 1,704,900 1,155.00 1,969,159,500 133,300
NAKAMOTO PACKS CO.,LTD. 62,500 1,518.00 94,875,000
SNOW PEAK,INC. 131,300 1,260.00 165,438,000 64,500
PARAMOUNT BED HOLDINGS 259,800 4,360.00 1,132,728,000 15,100 CO.,LTD.
TRANSACTION CO.,LTD. 134,800 1,079.00 145,449,200 93,100
SHOBIDO CORPORATION 71,800 346.00 24,842,800 15,500
NIHON FLUSH CO.,LTD. 230,000 1,340.00 308,200,000 8,900
MAEDA KOSEN CO.,LTD. 271,400 2,523.00 684,742,200 112,100
EIDAI CO.,LTD. 322,000 299.00 96,278,000 5,000
ARTNATURE INC. 263,100 599.00 157,596,900 7,700
BANDAI NAMCO HOLDINGS 2,547,100 5,777.00 14,714,596,700 147,100 INC. 87
IFIS JAPAN LTD. 62,700 728.00 45,645,600
KYORITSU PRINTING CO.,LTD. 410,900 135.00 55,471,500
SHOEI CO.,LTD. 215,600 2,818.00 607,560,800 68,900
FRANCE BED HOLDINGS 348,300 822.00 286,302,600 1,200 CO.,LTD.
PILOT CORPORATION 402,100 3,330.00 1,338,993,000 5,000
HAGIHARA INDUSTRIES INC. 136,700 1,455.00 198,898,500 700
TOPPAN FORMS CO.,LTD. 527,800 1,043.00 550,495,400 15,000
FUJI SEAL 552,200 1,990.00 1,098,878,000 185,000 INTERNATIONAL,INC.
TOMY COMPANY,LTD. 1,104,800 863.00 953,442,400 22,100
KOSAIDO CO.,LTD. 171,600 771.00 132,303,600 9,500
ESTELLE HOLDINGS CO.,LTD. 65,700 618.00 40,602,600 3,300
ARRK CORPORATION 940,500 116.00 109,098,000 86,100
TAKANO CO.,LTD. 96,200 685.00 65,897,000 2,300
PRONEXUS INC. 211,500 1,200.00 253,800,000 10,500
HOKUSHIN CO.,LTD. 151,900 120.00 18,228,000 23,500
WOOD ONE CO.,LTD. 82,800 1,151.00 95,302,800
DAIKEN CORPORATION 165,700 1,766.00 292,626,200 4,400
TOPPAN PRINTING CO.,LTD. 3,477,400 1,710.00 5,946,354,000 113,700
DAI NIPPON PRINTING 3,224,100 2,421.00 7,805,546,100 133,300 CO.,LTD.
KYODO PRINTING CO.,LTD. 75,900 2,750.00 208,725,000
NISSHA CO.,LTD. 505,700 986.00 498,620,200 24,300
MITSUMURA PRINTING 21,400 1,509.00 32,292,600 CO.,LTD.
TAKARA & COMPANY LTD. 118,700 2,095.00 248,676,500 8,500
ASICS CORPORATION 2,033,300 1,238.00 2,517,225,400 487,800
TSUTSUMI JEWELRY CO.,LTD. 76,800 1,831.00 140,620,800 100
KOMATSU WALL INDUSTRY 75,100 1,744.00 130,974,400 1,000 CO.,LTD.
YAMAHA CORPORATION 1,465,200 4,820.00 7,062,264,000 65,200
KAWAI MUSICAL
INSTRUMENTS 75,800 2,699.00 204,584,200 1,000
MANUFACTURING CO.,LTD.
CLEANUP CORPORATION 229,100 566.00 129,670,600 7,500
PIGEON CORPORATION 1,488,800 4,425.00 6,587,940,000 651,600
88
OLIVER CORPORATION 52,100 2,573.00 134,053,300 3,700
KANEMATSU SUSTECH 15,900 1,473.00 23,420,700 900 CORPORATION
KING JIM CO.,LTD. 204,900 822.00 168,427,800 14,700
LINTEC CORPORATION 585,900 2,550.00 1,494,045,000 23,600
ITOKI CORPORATION 524,000 339.00 177,636,000 20,400
NINTENDO CO.,LTD. 1,510,700 49,630.00 74,976,041,000 6,800
MITSUBISHI PENCIL 405,700 1,256.00 509,559,200 20,900 COMPANY,LIMITED
TAKARA STANDARD CO.,LTD. 509,000 1,505.00 766,045,000 31,200
KOKUYO CO.,LTD. 1,181,700 1,260.00 1,488,942,000 29,600
NAKABAYASHI CO.,LTD. 242,300 577.00 139,807,100 9,100
GLOBERIDE,INC. 110,100 2,085.00 229,558,500 8,300
OKAMURA CORPORATION 859,700 750.00 644,775,000 35,900
MIZUNO CORPORATION 223,600 2,016.00 450,777,600 4,800
TOKYO ELECTRIC POWER COMPANY 19,667,800 315.00 6,195,357,000 11,753,500 HOLDINGS,INCORPORATED
CHUBU ELECTRIC POWER 7,537,300 1,334.50 10,058,526,850 251,800 COMPANY,INCORPORATED
THE KANSAI ELECTRIC
POWER 9,334,600 1,060.50 9,899,343,300 213,200
COMPANY,INCORPORATED
THE CHUGOKU ELECTRIC POWER 3,553,600 1,418.00 5,039,004,800 1,430,600 COMPANY,INCORPORATED
HOKURIKU ELECTRIC POWER 2,252,300 667.00 1,502,284,100 40,500 COMPANY
TOHOKU ELECTRIC POWER 6,154,500 1,001.00 6,160,654,500 106,100 COMPANY,INCORPORATED
SHIKOKU ELECTRIC POWER 2,218,300 775.00 1,719,182,500 141,700 COMPANY,INCORPORATED
KYUSHU ELECTRIC POWER 5,077,900 885.00 4,493,941,500 317,200 COMPANY,INCORPORATED
HOKKAIDO ELECTRIC POWER 2,305,500 401.00 924,505,500 694,800 COMPANY,INCORPORATED
THE OKINAWA ELECTRIC 479,000 1,742.00 834,418,000 31,800 POWER
89
COMPANY,INCORPORATED
ELECTRIC POWER 1,960,200 1,779.00 3,487,195,800 29,200 DEVELOPMENT CO.,LTD.
EF-ON INC. 132,400 592.00 78,380,800
EREX CO.,LTD. 351,200 1,462.00 513,454,400 247,000
RENOVA,INC. 411,400 965.00 397,001,000 285,600
TOKYO GAS CO.,LTD. 4,737,900 2,575.50 12,202,461,450 29,100
OSAKA GAS CO.,LTD. 4,780,800 2,132.00 10,192,665,600 139,000
TOHO GAS CO.,LTD. 1,211,700 5,340.00 6,470,478,000 161,100
HOKKAIDO GAS CO.,LTD. 132,300 1,594.00 210,886,200 2,600
HIROSHIMA GAS CO.,LTD. 507,100 352.00 178,499,200 21,300
SAIBU GAS CO.,LTD. 277,300 2,531.00 701,846,300 12,800
SHIZUOKA GAS CO.,LTD. 699,400 909.00 635,754,600 25,800
METAWATER CO.,LTD. 119,000 4,730.00 562,870,000 20,200
SBS HOLDINGS,INC. 212,700 2,200.00 467,940,000
TOBU RAILWAY CO.,LTD. 2,567,800 3,490.00 8,961,622,000 188,300
SOTETSU HOLDINGS,INC. 788,200 2,819.00 2,221,935,800 87,200
TOKYU CORPORATION 6,213,600 1,439.00 8,941,370,400 18,000
KEIKYU CORPORATION 3,164,000 1,595.00 5,046,580,000 387,600
ODAKYU ELECTRIC RAILWAY 3,664,300 2,606.00 9,549,165,800 396,400 CO.,LTD.
KEIO CORPORATION 1,278,300 5,960.00 7,618,668,000 151,900
KEISEI ELECTRIC RAILWAY 1,714,400 3,210.00 5,503,224,000 104,700 CO.,LTD.
FUJI KYUKO CO.,LTD. 335,900 3,250.00 1,091,675,000 229,200
SHIN-KEISEI ELECTRIC 63,200 2,225.00 140,620,000 1,600 RAILWAY CO.,LTD.
EAST JAPAN RAILWAY 4,336,200 7,235.00 31,372,407,000 808,800 COMPANY
WEST JAPAN RAILWAY 2,195,300 5,677.00 12,462,718,100 189,200 COMPANY
CENTRAL JAPAN RAILWAY 2,048,400 15,620.00 31,996,008,000 131,200 COMPANY
SEIBU HOLDINGS INC. 3,216,500 1,151.00 3,702,191,500 13,400
KONOIKE TRANSPORT 392,100 1,114.00 436,799,400 13,300 CO.,LTD.
NISHI-NIPPON RAILROAD 682,900 2,867.00 1,957,874,300 122,100
90
CO.,LTD.
HAMAKYOREX CO.,LTD. 189,000 3,170.00 599,130,000 7,400
SAKAI MOVING SERVICE 129,500 5,290.00 685,055,000 26,900 CO.,LTD.
KINTETSU GROUP HOLDINGS 2,333,400 4,670.00 10,896,978,000 153,900 CO.,LTD.
HANKYU HANSHIN 3,112,000 3,525.00 10,969,800,000 100,700 HOLDINGS,INC.
NANKAI ELECTRIC RAILWAY 1,106,000 2,418.00 2,674,308,000 78,100 CO.,LTD.
KEIHAN HOLDINGS CO.,LTD. 1,038,900 4,700.00 4,882,830,000 122,100
KOBE ELECTRIC RAILWAY 55,500 3,750.00 208,125,000 38,300 CO.,LTD.
NAGOYA RAILROAD CO., LTD. 1,918,400 2,999.00 5,753,281,600 180,700
SANYO ELECTRIC RAILWAY 166,500 2,186.00 363,969,000 800 CO.,LTD.
NIPPON EXPRESS CO.,LTD. 807,700 5,540.00 4,474,658,000 35,100
YAMATO HOLDINGS CO.,LTD. 4,090,300 2,771.00 11,334,221,300 360,500
SANKYU INC. 648,500 3,995.00 2,590,757,500 7,000
MARUWN CORPORATION 132,900 223.00 29,636,700 3,000
MARUZEN SHOWA UNYU 189,200 3,040.00 575,168,000 8,100 CO.,LTD.
SENKO GROUP HOLDINGS 1,286,200 803.00 1,032,818,600 44,000 CO.,LTD.
TONAMI HOLDINGS CO.,LTD. 56,000 5,520.00 309,120,000 5,200
NIKKON HOLDINGS CO.,LTD. 835,200 2,080.00 1,737,216,000 37,500
JAPAN OIL TRANSPORTATION 25,400 3,195.00 81,153,000 CO.,LTD.
FUKUYAMA TRANSPORTING 298,600 3,750.00 1,119,750,000 60,600 CO.,LTD.
SEINO HOLDINGS CO.,LTD. 1,747,400 1,390.00 2,428,886,000 40,600
S LINE CO.,LTD. 70,000 937.00 65,590,000 7,200
KANAGAWA CHUO KOTSU 57,800 4,090.00 236,402,000 500 CO.,LTD.
HITACHI TRANSPORT 427,500 2,835.00 1,211,962,500 8,300 SYSTEM,LTD.
MARUWA UNYU KIKAN 246,000 3,255.00 800,730,000 64,900
91
CO.,LTD.
CHILLED & FROZEN LOGISTICS HOLDINGS 235,800 1,562.00 368,319,600 12,200 CO.,LTD.
KYUSHU RAILWAY COMPANY 2,045,500 2,654.00 5,428,757,000 1,431,800
SG HOLDINGS CO.,LTD. 2,449,200 3,730.00 9,135,516,000 350,300
NIPPON YUSEN KABUSHIKI 1,951,100 1,490.00 2,907,139,000 198,800 KAISHA
MITSUI O.S.K.LINES,LTD. 1,476,300 1,996.00 2,946,694,800 3,800
KAWASAKI KISEN 718,600 1,065.00 765,309,000 495,300 KAISHA,LTD.
NS UNITED KAIUN 128,300 1,483.00 190,268,900 KAISHA,LTD.
MEIJI SHIPPING CO.,LTD. 247,900 322.00 79,823,800 12,700
IINO KAIUN KAISHA,LTD. 1,104,400 342.00 377,704,800 94,000
KYOEI TANKER CO.,LTD. 41,000 801.00 32,841,000
INUI GLOBAL LOGISTICS 134,600 787.00 105,930,200 88,800 CO.,LTD.
JAPAN AIRLINES CO.,LTD. 4,126,100 1,971.00 8,132,543,100 157,400
ANA HOLDINGS INC. 4,265,100 2,448.00 10,440,964,800 2,998,100
PASCO CORPORATION 45,200 1,473.00 66,579,600 9,700
TRANCOM CO.,LTD. 65,100 7,260.00 472,626,000 3,900
NISSIN CORPORATION 201,600 1,500.00 302,400,000 10,500
MITSUBISHI LOGISTICS 740,100 2,736.00 2,024,913,600 33,600 CORPORATION
MITSUI-SOKO HOLDINGS 266,500 1,522.00 405,613,000 26,300 CO.,LTD.
THE SUMITOMO WAREHOUSE 839,100 1,268.00 1,063,978,800 46,800 CO.,LTD.
THE SHIBUSAWA WAREHOUSE 128,000 2,039.00 260,992,000 4,900 CO.,LTD.
TOYO LOGISTICS CO.,LTD. 421,100 318.00 133,909,800 5,800
JAPAN TRANSCITY 513,600 474.00 243,446,400 17,000 CORPORATION
THE KEIHIN CO.,LTD. 45,000 1,295.00 58,275,000
CHUO WAREHOUSE CO.,LTD. 142,200 950.00 135,090,000 7,300
KAWANISHI WAREHOUSE 42,700 1,019.00 43,511,300 29,600 CO.,LTD. 92
YASUDA LOGISTICS 191,600 879.00 168,416,400 8,000 CORPORATION
PHYZ HOLDINGS INC. 49,700 1,144.00 56,856,800 14,200
TOYO WHARF & WAREHOUSE 71,000 1,365.00 96,915,000 100 CO.,LTD.
UTOC CORPORATION 199,400 484.00 96,509,600 6,700
KAMIGUMI CO.,LTD. 1,302,000 2,071.00 2,696,442,000 24,500
SANRITSU CORPORATION 55,100 579.00 31,902,900
KIMURA UNITY CO.,LTD. 62,300 1,046.00 65,165,800
K. R. S. CORPORATION 58,200 1,453.00 84,564,600 29,800
KINTETSU WORLD 495,600 1,950.00 966,420,000 48,600 EXPRESS,INC.
AZUMA SHIPPING CO.,LTD. 132,700 273.00 36,227,100 4,000
AIT CORPORATION 164,600 751.00 123,614,600 11,700
NAIGAI TRANS LINE LTD. 81,800 1,000.00 81,800,000 2,600
NIPPON CONCEPT 74,300 1,230.00 91,389,000 1,100 CORPORATION
NEC NETWORKS & SYSTEM 685,300 2,222.00 1,522,736,600 3,000 INTEGRATION CORPORATION
CROSS CAT CO.,LTD. 63,400 1,196.00 75,826,400 2,600
SYSTENA CORPORATION 862,200 1,400.00 1,207,080,000 24,500
DIGITAL ARTS INC. 118,900 8,570.00 1,018,973,000 400
NS SOLUTIONS CORPORATION 362,200 2,943.00 1,065,954,600 29,900
CUBE SYSTEM INC. 128,600 969.00 124,613,400 22,400
AZIA CO.,LTD. 43,900 1,404.00 61,635,600 18,700
CORE CORPORATION 102,100 1,191.00 121,601,100 17,900
RACCOON HOLDINGS,INC. 109,100 975.00 106,372,500 20,000
SOLITON SYSTEMS K.K. 105,700 1,490.00 157,493,000 3,800
SOFTCREATE HOLDINGS 105,400 2,233.00 235,358,200 4,300 CORP.
TIS INC. 2,417,400 2,258.00 5,458,489,200 499,500
NEOS CORPORATION 96,600 715.00 69,069,000 58,100
DENSAN SYSTEM CO.,LTD. 92,200 4,480.00 413,056,000 19,900
GREE,INC. 1,482,300 464.00 687,787,200 9,400
KOEI TECMO HOLDINGS 494,400 3,545.00 1,752,648,000 4,900 CO.,LTD.
MITSUBISHI RESEARCH 103,600 4,305.00 445,998,000 7,900 INSTITUTE,INC. 93
VOLTAGE INCORPORATION 56,300 479.00 26,967,700 25,200
DENSAN CO.,LTD. 26,800 2,150.00 57,620,000 6,100
AGS CORPORATION 136,500 801.00 109,336,500 12,600
FINDEX INC. 203,500 936.00 190,476,000 75,400
BRAINPAD INC. 62,000 4,555.00 282,410,000 43,500
KLAB INC. 468,400 740.00 346,616,000 117,600
POLETOWIN PITCREW 291,600 864.00 251,942,400 62,400 HOLDINGS,INC.
EBOOK INITIATIVE JAPAN 34,900 3,165.00 110,458,500 6,100 CO.,LTD.
NEXON CO.,LTD. 6,751,400 2,605.00 17,587,397,000 106,400
ISTYLE INC. 676,700 289.00 195,566,300 106,500
M-UP HOLDINGS,INC. 69,700 2,526.00 176,062,200 4,900
ATEAM INC. 166,200 851.00 141,436,200 22,600
ENIGMO INC. 228,300 1,257.00 286,973,100 3,500
TECNOS JAPAN 187,200 784.00 146,764,800 8,000 INCORPORATED
ENISH,INC. 132,000 848.00 111,936,000 70,600
COLOPL,INC. 793,100 1,046.00 829,582,600 557,500
ALTPLUSINC. 146,500 460.00 67,390,000 101,200
BROADLEAF CO.,LTD. 1,198,100 559.00 669,737,900 826,400
CROSS MARKETING GROUP 106,900 352.00 37,628,800 28,900 INC.
DIGITAL HEARTS HOLDINGS 127,900 918.00 117,412,200 43,400 CO.,LTD.
SYSTEM INFORMATION 181,100 1,473.00 266,760,300 64,000 CO.,LTD.
MEDIA DO CO.,LTD. 75,900 4,410.00 334,719,000 2,800
ZIGEXN CO.,LTD. 598,100 324.00 193,784,400 415,100
V-CUBE,INC. 149,000 1,252.00 186,548,000 103,600
ENCOURAGE TECHNOLOGIES 53,000 851.00 45,103,000 8,100 CO.,LTD.
CYBERLINKS CO.,LTD. 37,100 2,168.00 80,432,800
DLE INC. 194,300 542.00 105,310,600 136,600
FIXSTARS CORPORATION 257,100 1,253.00 322,146,300 62,500
CARTA HOLDINGS,INC. 116,800 1,269.00 148,219,200 24,000
OPTIM CORPORATION 126,500 3,510.00 444,015,000 50,300
94
CERES INC. 79,100 1,111.00 87,880,100 24,800
SHIFT INC. 97,300 11,140.00 1,083,922,000 67,200
T-GAIA CORPORATION 214,500 1,994.00 427,713,000 11,000
SYSTEMS ENGINEERING 35,200 3,075.00 108,240,000 10,000 CONSULTANTS CO.,LTD.
JAPAN ASIA GROUP LIMITED 254,800 296.00 75,420,800 22,300
TECHMATRIX CORPORATION 340,500 1,891.00 643,885,500 16,000
PRO-SHIP INCORPORATED 69,900 1,406.00 98,279,400 200
GUNGHO ONLINE 582,600 2,119.00 1,234,529,400 387,100 ENTERTAINMENT,INC.
GMO PAYMENT GATEWAY,INC. 511,500 11,770.00 6,020,355,000 166,700
ZAPPALLAS,INC. 104,400 388.00 40,507,200
SYSTEM RESEARCH CO.,LTD. 63,900 1,988.00 127,033,200 19,300
INTERNET INITIATIVE JAPAN 357,500 3,685.00 1,317,387,500 7,200 INC.
SAKURA INTERNET INC. 259,000 637.00 164,983,000 79,300
VINX CORP. 67,800 1,375.00 93,225,000 4,900
GMO CLOUD K.K. 44,700 9,120.00 407,664,000 31,200
SRA HOLDINGS,INC. 128,200 2,334.00 299,218,800 4,800
SYSTEM INTEGRATOR CORP. 76,300 1,054.00 80,420,200 16,300
ASAHI NET,INC. 171,300 1,165.00 199,564,500 8,000
EBASE CO.,LTD. 288,600 1,317.00 380,086,200 64,000
AVANT CORPORATION 230,000 975.00 224,250,000 62,200
AD-SOL NISSIN CORPORATION 85,400 2,370.00 202,398,000 22,100
FREEBIT CO.,LTD. 125,300 715.00 89,589,500 9,100
COMTURE CORPORATION 271,300 2,705.00 733,866,500 91,400
CYBER COM CO.,LTD. 42,900 1,820.00 78,078,000 12,900
ASTERIA CORPORATION 147,200 513.00 75,513,600 100,700
I'LL INC 134,100 1,565.00 209,866,500 94,200
MARKLINES CO.,LTD. 121,000 2,285.00 276,485,000 10,300
MEDICAL DATA VISION 183,700 1,252.00 229,992,400 109,600 CO.,LTD.
GUMI INC. 309,900 1,007.00 312,069,300 142,400
SHOWCASE INC. 57,100 711.00 40,598,100 14,100
MOBILE FACTORY,INC. 54,000 1,026.00 55,404,000 37,300
TERRASKY CO.,LTD 86,900 2,830.00 245,927,000 60,500
DIGITAL INFORMATION 94,900 1,370.00 130,013,000 54,900
95
TECHNOLOGIES
CORPORATION
PCI HOLDINGS,INC. 91,200 1,147.00 104,606,400 300
PIPEDO HD,INC. 31,100 1,548.00 48,142,800 21,400
INTERNETWORKING AND
BROADBAND CONSULTING 39,300 993.00 39,024,900 2,400
CO.,LTD.
NEOJAPAN INC. 45,400 2,297.00 104,283,800 31,200
PR TIMES,INC. 20,600 2,876.00 59,245,600 10,500
R&D COMPUTER CO.,LTD. 36,600 1,010.00 36,966,000
DOUBLE STANDARD INC. 31,200 5,620.00 175,344,000 21,200
OPEN DOOR INC. 119,600 1,244.00 148,782,400 83,200
MYNET INC. 77,800 1,162.00 90,403,600 5,700
AKATSUKI INC. 85,600 4,020.00 344,112,000 54,900
BENEFIT JAPAN CO.,LTD. 18,100 1,567.00 28,362,700 10,700
UBICOM HOLDINGS,INC. 53,500 2,123.00 113,580,500 7,200
LINE CORPORATION 554,100 5,480.00 3,036,468,000 105,300
KANAMIC NETWORK CO.,LTD 220,900 926.00 204,553,400 45,200
NOMURA SYSTEM 105,600 339.00 35,798,400 73,200 CORPORATION CO,LTD.
CHANGE INC. 84,400 7,960.00 671,824,000 19,200
SYNCHRO FOOD CO.,LTD. 102,800 321.00 32,998,800 69,700
AUCNET INC. 148,700 1,019.00 151,525,300 7,100
SEGUE GROUP CO.,LTD. 52,700 885.00 46,639,500 28,800
ATLED CORP. 40,000 1,911.00 76,440,000 3,500
AOI TYO HOLDINGS INC. 244,200 407.00 99,389,400 159,200
MACROMILL,INC. 493,400 726.00 358,208,400
BEAGLEE INC. 47,100 1,932.00 90,997,200 7,600
ORO CO.,LTD. 63,500 2,759.00 175,196,500 44,000
USER LOCAL,INC. 23,900 3,585.00 85,681,500 4,700
TEMONA.INC. 51,400 971.00 49,909,400 10,900
NEEDS WELL INC. 45,400 741.00 33,641,400
SIGNPOST CORPORATION 50,200 1,656.00 83,131,200 25,600
SOLXYZ CO.,LTD. 102,600 729.00 74,795,400 10,300
FAITH, INC. 84,600 637.00 53,890,200 2,300
PROTO CORPORATION 216,400 953.00 206,229,200 10,200
HIMACS,LTD. 28,500 1,997.00 56,914,500
96
NOMURA RESEARCH 3,426,800 2,921.00 10,009,682,800 40,800 INSTITUTE,LTD.
CYBERNET SYSTEMS CO.,LTD. 171,700 670.00 115,039,000 56,600
CE HOLDINGS CO.,LTD. 127,400 545.00 69,433,000 3,600
JAPAN SYSTEM TECHNIQUES 38,600 1,700.00 65,620,000 1,000 CO.,LTD.
INTAGE HOLDINGS INC. 301,500 878.00 264,717,000 12,600
TOHO SYSTEM SCIENCE 63,600 920.00 58,512,000 CO.,LTD.
SOURCENEXT CORPORATION 1,146,300 284.00 325,549,200 730,100
INFOCOM CORPORATION 264,300 3,065.00 810,079,500 7,000
HEROZ,INC. 34,200 3,585.00 122,607,000 24,000
RAKSUL INC. 193,400 3,015.00 583,101,000 35,900
FUTURE INNOVATION 261,600 272.00 71,155,200 45,400 GROUP,INC.
SYSTEM SUPPORT INC. 53,900 2,046.00 110,279,400 6,200
ESOL CO.,LTD. 114,900 1,159.00 133,169,100 73,800
ARTERIA NETWORKS 267,700 2,031.00 543,698,700 7,600 CORPORATION
TOKAI SOFT CO.,LTD. 16,800 1,484.00 24,931,200 5,000
HITO-COMMUNICATIONS 41,100 1,027.00 42,209,700 18,400 HOLDINGS,INC.
TOBILA SYSTEMS INC. 28,700 1,864.00 53,496,800 14,600
FOCUS SYSTEMS 149,500 833.00 124,533,500 14,000 CORPORATION
CRESCO LTD. 146,900 1,352.00 198,608,800
FUJI MEDIA HOLDINGS,INC. 2,328,800 989.00 2,303,183,200 43,500
OBIC CO.,LTD. 838,000 19,400.00 16,257,200,000 10,300
JUSTSYSTEMS CORPORATION 393,000 7,720.00 3,033,960,000 9,000
TDC SOFT INC. 211,300 927.00 195,875,100 14,700
Z HOLDINGS CORPORATION 33,198,900 540.00 17,927,406,000 130,200
TREND MICRO 1,074,800 6,140.00 6,599,272,000 21,300 INCORPORATED
ID HOLDINGS CORPORATION 92,200 1,371.00 126,406,200 1,000
ORACLE CORPORATION 490,200 13,290.00 6,514,758,000 18,300 JAPAN
ALPHA SYSTEMS INC. 75,200 3,865.00 290,648,000 29,000
FUTURE CORPORATION 291,700 1,730.00 504,641,000 13,900 97
CAC HOLDINGS 157,100 1,203.00 188,991,300 15,000 CORPORATION
SB TECHNOLOGY CORP. 86,700 3,675.00 318,622,500 32,000
TOSE CO.,LTD. 65,300 939.00 61,316,700 24,100
OBIC BUSINESS 246,900 5,900.00 1,456,710,000 98,700 CONSULTANTS CO.,LTD.
ITOCHU TECHNO-SOLUTIONS 1,101,500 4,135.00 4,554,702,500 5,700 CORPORATION
ITFOR INC. 292,600 739.00 216,231,400 13,200
TOUKEI COMPUTER CO.,LTD. 35,800 4,245.00 151,971,000 100
XNET CORPORATION 37,900 978.00 37,066,200
OTSUKA CORPORATION 1,308,000 5,760.00 7,534,080,000 54,300
CYBOZU,INC. 282,500 3,365.00 950,612,500 400
SOFTBRAIN CO.,LTD. 142,100 426.00 60,534,600 56,300
INFORMATION SERVICES INTERNATIONAL- 149,600 5,000.00 748,000,000 9,200 DENTSU,LTD.
ACCESS CO.,LTD. 225,900 967.00 218,445,300
DIGITAL GARAGE,INC. 435,200 3,535.00 1,538,432,000 24,700
EM SYSTEMS CO.,LTD. 340,200 976.00 332,035,200 11,800
WEATHERNEWS INC. 81,500 3,500.00 285,250,000 200
COMPUTER INSTITUTE OF 164,500 791.00 130,119,500 2,000 JAPAN,LTD.
BUSINESS ENGINEERING 27,500 2,605.00 71,637,500 19,100 CORPORATION
NIHON ENTERPRISE CO.,LTD. 245,500 264.00 64,812,000
WOWOW INC. 115,800 2,440.00 282,552,000 7,500
SCALA,INC. 160,700 664.00 106,704,800 1,000
INTELLIGENT WAVE INC. 141,000 812.00 114,492,000 1,500
IMAGICA GROUP INC. 205,300 383.00 78,629,900 30,000
NET ONE SYSTEMS CO.,LTD. 920,900 3,575.00 3,292,217,500 10,600
SYSTEMSOFT CORPORATION 520,400 97.00 50,478,800 70,100
ARGO GRAPHICS INC. 205,200 3,300.00 677,160,000 4,800
MARVELOUS INC. 368,900 700.00 258,230,000 17,100
AVEX INC. 415,100 872.00 361,967,200 56,900
NIHON UNISYS,LTD. 754,900 3,320.00 2,506,268,000 7,700
98
KANEMATSU ELECTRONICS 131,400 4,015.00 527,571,000 LTD.
TOKYO BROADCASTING 1,470,000 1,653.00 2,429,910,000 790,400 SYSTEM HOLDINGS,INC.
NIPPON TELEVISION 2,018,000 1,160.00 2,340,880,000 34,900 HOLDINGS,INC.
ASAHI BROADCASTING
GROUP HOLDINGS 240,000 737.00 176,880,000 7,300
CORPORATION
TV ASAHI HOLDINGS 664,100 1,532.00 1,017,401,200 253,700 CORPORATION
SKY PERFECT JSAT 1,590,300 415.00 659,974,500 49,200 HOLDINGS INC.
TV TOKYO HOLDINGS 198,100 2,324.00 460,384,400 9,400 CORPORATION
NIPPON BS BROADCASTING 81,700 1,085.00 88,644,500 35,900 CORPORATION
VISION INC. 225,000 671.00 150,975,000 151,500
SMARTVALUE CO.,LTD. 62,800 1,157.00 72,659,600 6,500
USEN-NEXT HOLDINGS 91,900 1,304.00 119,837,600 58,300 CO.,LTD.
WIRELESSGATE,INC. 114,000 760.00 86,640,000 79,100
CONEXIO CORPORATION 136,900 1,420.00 194,398,000 27,200
JAPAN COMMUNICATIONS 1,884,700 227.00 427,826,900 1,324,800 INC.
CROPS CORPORATION 44,000 716.00 31,504,000
Collateral Sercurities NIPPON TELEGRAPH AND 32,315,800 2,486.00 80,337,078,800 800,000 shares TELEPHONE CORPORATION Loaned securities
2,034,300 shares
KDDI CORPORATION 17,624,700 3,259.00 57,438,897,300 4,145,900
SOFTBANK CORP. 21,970,100 1,386.00 30,450,558,600 423,300
HIKARI TSUSHIN,INC. 249,200 23,590.00 5,878,628,000
NTT DOCOMO,INC. 17,287,100 2,925.00 50,564,767,500 3,230,700
MTI LTD. 233,800 813.00 190,079,400 6,800
GMO INTERNET INC. 952,800 3,075.00 2,929,860,000 9,700
FIBERGATE INC. 77,600 1,555.00 120,668,000 53,700
99
AIDMA MARKETING
COMMUNICATION 72,400 458.00 33,159,200 100 CORPORATION
KADOKAWA CORPORATION 650,700 2,329.00 1,515,480,300 159,900
GAKKEN HOLDINGS CO.,LTD. 324,200 1,461.00 473,656,200 14,800
ZENRIN CO.,LTD. 482,100 1,161.00 559,718,100 53,000
SHOBUNSHA HOLDINGS,INC. 111,200 431.00 47,927,200 500
IMPRESS HOLDINGS, INC. 200,200 148.00 29,629,600 137,900
I-NET CORP. 124,300 1,515.00 188,314,500 4,500
SHOCHIKU CO.,LTD. 159,900 14,630.00 2,339,337,000 67,400
TOHO CO.,LTD 1,426,500 3,685.00 5,256,652,500 73,900
TOEI COMPANY,LTD. 90,400 14,420.00 1,303,568,000 9,200
NTT DATA CORPORATION 6,436,600 1,171.00 7,537,258,600 82,200
PCA CORPORATION 41,200 4,370.00 180,044,000 18,400
BUSINESS BRAIN SHOWA.OTA 82,600 1,200.00 99,120,000 10,000 INC.
DTS CORPORATION 540,200 2,195.00 1,185,739,000 35,800
SQUARE ENIX HOLDINGS 1,031,000 5,490.00 5,660,190,000 35,700 CO.,LTD.
COMPUTER ENGINEERING & 258,900 1,706.00 441,683,400 7,000 CONSULTING LTD.
CAPCOM CO.,LTD. 1,139,600 4,095.00 4,666,662,000 3,800
ISB CORPORATION 46,900 2,144.00 100,553,600
JASTEC CO.,LTD. 153,900 1,267.00 194,991,300 5,500
SCSK CORPORATION 557,800 5,180.00 2,889,404,000 39,800
NIPPON SYSTEMWARE 79,800 1,981.00 158,083,800 CO.,LTD.
INES CORPORATION 237,700 1,355.00 322,083,500 26,200
TKC CORPORATION 204,500 5,970.00 1,220,865,000 5,600
FUJI SOFT INCORPORATED 309,300 4,425.00 1,368,652,500 101,500
NSD CO., LTD. 777,000 1,939.00 1,506,603,000 13,000
KONAMI HOLDINGS 878,100 3,365.00 2,954,806,500 65,900 CORPORATION
FUKUI COMPUTER 95,000 2,680.00 254,600,000 7,200 HOLDINGS,INC.
JBCC HOLDINGS INC. 163,200 1,430.00 233,376,000 27,900
MIROKU JYOHO SERVICE 213,000 2,232.00 475,416,000 135,900 CO.,LTD.
100
Collateral
Sercurities SOFTBANK GROUP CORP. 19,182,000 6,019.00 115,456,458,000 500,000 shares Loaned securities 303,500 shares
HOHSUI CORPORATION 19,200 895.00 17,184,000 2,100
TAKACHIHO KOHEKI CO.,LTD. 93,400 920.00 85,928,000 2,500
KAWANISHI HOLDINGS,INC. 28,700 1,318.00 37,826,600 7,900
ITOCHU-SHOKUHIN CO.,LTD. 59,800 4,975.00 297,505,000 1,000
ELEMATEC CORPORATION 226,500 833.00 188,674,500 7,500
JALUX INC. 68,400 1,723.00 117,853,200 15,000
ARATA CORPORATION 193,000 4,645.00 896,485,000 20,700
TOMEN DEVICES 36,400 3,625.00 131,950,000 CORPORATION
TOKYO ELECTRON DEVICE 87,900 3,740.00 328,746,000 22,300 LIMITED
FIELDS CORPORATION 185,800 341.00 63,357,800 52,200
SOJITZ CORPORATION 13,401,700 233.00 3,122,596,100 709,000
ALFRESA HOLDINGS 2,696,500 2,168.00 5,846,012,000 102,100 CORPORATION
YOKOHAMA REITO CO.,LTD. 634,600 882.00 559,717,200 36,600
SHINYEI KAISHA 33,300 513.00 17,082,900 2,300
RASA CORPORATION 128,400 928.00 119,155,200 6,000
ALCONIX CORPORATION 257,700 1,226.00 315,940,200 8,000
KOBE BUSSAN CO.,LTD. 837,100 6,560.00 5,491,376,000 585,900
HYPER INC. 36,500 590.00 21,535,000 3,600
AI HOLDINGS CORPORATION 346,300 1,520.00 526,376,000 55,600
DVX INC. 86,300 888.00 76,634,400 43,300
DAIWABO HOLDINGS CO.,LTD. 206,400 7,200.00 1,486,080,000
MACNICA FUJI ELECTRONICS 578,500 1,493.00 863,700,500 23,800 HOLDINGS,INC.
LACTO JAPAN CO.,LTD. 90,400 3,425.00 309,620,000 22,700
VITAL KSK HOLDINGS,INC. 456,600 1,027.00 468,928,200 6,900
YASHIMA DENKI CO.,LTD. 187,400 923.00 172,970,200 129,400
MEDIUS HOLDINGS CO.,LTD. 137,500 873.00 120,037,500 3,700
RESTAR HOLDINGS 253,000 2,035.00 514,855,000 10,000 CORPORATION
JUTEC HOLDINGS 55,300 1,034.00 57,180,200
101
CORPORATION
OOMITSU CO.,LTD. 102,900 662.00 68,119,800 16,400
OCHI HOLDINGS CO.,LTD. 70,300 1,492.00 104,887,600 400
TOKAI HOLDINGS 1,282,000 994.00 1,274,308,000 47,300 CORPORATION
KUROTANI CORPORATION 65,800 539.00 35,466,200 45,700
COMINIX CO.,LTD. 42,000 738.00 30,996,000 2,500
SANYO TRADING CO.,LTD. 244,100 975.00 237,997,500 4,700
BEAUTY GARAGE INC. 39,000 2,133.00 83,187,000 3,600
WIN-PARTNERS CO.,LTD. 175,000 923.00 161,525,000 2,600
MITACHI CO.,LTD. 72,600 570.00 41,382,000
SHIP HEALTHCARE 388,900 4,560.00 1,773,384,000 400 HOLDINGS,INC.
MEIJI ELECTRIC INDUSTRIES 76,100 1,374.00 104,561,400 1,100 CO.,LTD.
DELICA FOODS HOLDINGS 85,300 617.00 52,630,100 58,900 CO.,LTD.
STARTIA HOLDINGS,INC. 54,800 614.00 33,647,200 34,800
KOMEDA HOLDINGS CO.,LTD. 528,900 1,831.00 968,415,900 97,300
P-BAN.COM CORP. 24,100 985.00 23,738,500 100
ASCENTECH K.K. 25,900 3,765.00 97,513,500 600
FUJI KOSAN COMPANY,LTD. 73,600 429.00 31,574,400 16,100
KYOEI SANGYO CO.,LTD. 26,900 1,153.00 31,015,700 5,300
ONOKEN CO.,LTD. 217,400 1,195.00 259,793,000 60,400
NANYO CORPORATION 53,100 1,568.00 83,260,800 5,800
SATORI ELECTRIC CO.,LTD. 164,700 798.00 131,430,600 17,500
ECHO TRADING CO.,LTD. 55,400 551.00 30,525,400 32,000
HAKUTO CO.,LTD. 147,700 951.00 140,462,700 5,000
KONDOTEC INC. 187,700 1,149.00 215,667,300 7,400
NAKAYAMAFUKU CO.,LTD. 139,200 454.00 63,196,800 66,200
NAGAILEBEN CO.,LTD. 321,700 2,641.00 849,609,700 8,400
MITSUBISHI SHOKUHIN 266,800 2,675.00 713,690,000 13,900 CO.,LTD.
MATSUDA SANGYO CO.,LTD. 176,900 1,361.00 240,760,900 40,200
DAIICHIKOSHO CO.,LTD. 361,200 3,140.00 1,134,168,000 14,300
MEDIPAL HOLDINGS 2,618,500 1,980.00 5,184,630,000 7,700 CORPORATION
102
SPK CORPORATION 104,000 1,300.00 135,200,000 2,000
HAGIWARA ELECTRIC 89,700 2,034.00 182,449,800 2,500 HOLDINGS CO.,LTD.
AS ONE CORPORATION 158,200 11,380.00 1,800,316,000 9,700
SUZUDEN CORPORATION 84,100 1,216.00 102,265,600 44,200
OIE SANGYO CO.,LTD. 70,800 1,310.00 92,748,000 200
SHIMOJIMA CO.,LTD. 148,400 1,185.00 175,854,000 6,000
DOSHISHA CO.,LTD. 228,700 1,625.00 371,637,500 5,600
OZU CORPORATION 53,200 1,739.00 92,514,800 10,200
KOHSOKU CORPORATION 144,400 1,423.00 205,481,200 4,000
TAKEBISHI CORPORATION 84,900 1,437.00 122,001,300 5,900
RIX CORPORATION 54,500 1,622.00 88,399,000 3,200
MARUBUN CORPORATION 214,600 553.00 118,673,800 20,000
HAPPINET CORPORATION 202,400 1,106.00 223,854,400 7,500
HASHIMOTO SOGYO 48,900 2,044.00 99,951,600 HOLDINGS CO.,LTD.
JAPAN LIFELINE CO.,LTD. 718,700 1,315.00 945,090,500 206,800
TAKASHO CO.,LTD. 157,200 489.00 76,870,800 108,900
MARUKA CORPORATION 85,600 1,831.00 156,733,600 3,400
IDOM INC. 654,000 499.00 326,346,000 118,700
SHINWA CO.,LTD. 143,300 1,948.00 279,148,400 700
SK JAPAN CO.,LTD. 51,900 289.00 14,999,100 9,600
DAITRON CO.,LTD. 102,400 1,527.00 156,364,800 4,500
SIIX CORPORATION 308,400 956.00 294,830,400 45,600
TANAKA CO.,LTD. 74,300 696.00 51,712,800
OHASHI TECHNICA INC. 124,200 1,564.00 194,248,800 4,800
HAKUDO CO.,LTD. 86,800 1,384.00 120,131,200 7,400
DAIKO TSUSAN CO.,LTD. 15,300 1,353.00 20,700,900
ITOCHU CORPORATION 16,971,900 2,307.50 39,162,659,250 9,486,500
MARUBENI CORPORATION 25,257,700 482.90 12,196,943,330 225,000
TAKASHIMA & CO.,LTD. 38,400 1,788.00 68,659,200
NAGASE & CO.,LTD. 1,364,400 1,300.00 1,773,720,000 44,300
CHORI CO.,LTD. 154,800 1,716.00 265,636,800 6,600
TOYOTA TSUSHO 2,708,200 2,696.00 7,301,307,200 38,400 CORPORATION
SANKYO SEIKO CO.,LTD. 367,100 431.00 158,220,100 8,000
KANEMATSU CORPORATION 904,900 1,256.00 1,136,554,400 28,500
103
TSUKAMOTO CORPORATION 43,600 1,125.00 49,050,000 CO.,LTD.
MITSUI & CO.,LTD. 21,009,900 1,574.00 33,069,582,600 238,000
JAPAN PULP AND PAPER 137,900 3,755.00 517,814,500 6,000 COMPANY LIMITED
KAMEI CORPORATION 316,300 1,000.00 316,300,000 10,100
TOHTO SUISAN CO.,LTD. 30,800 3,325.00 102,410,000 21,200
OUG HOLDINGS INC. 38,300 2,606.00 99,809,800 26,400
STARZEN COMPANY LIMITED 89,600 4,025.00 360,640,000 5,800
YAMAZEN CORPORATION 947,700 900.00 852,930,000 98,800
TSUBAKIMOTO KOGYO 44,700 3,320.00 148,404,000 1,000 CO.,LTD.
SUMITOMO CORPORATION
(SUMITOMO SHOJI 15,310,300 1,233.50 18,885,255,050 148,200
KAISHA,LTD.)
UCHIDA YOKO CO.,LTD. 95,600 6,310.00 603,236,000 37,000
MITSUBISHI CORPORATION 15,910,000 2,276.50 36,219,115,000 209,500
DAIICHI JITSUGYO CO.,LTD. 118,700 3,660.00 434,442,000 6,000
CANON MARKETING JAPAN 601,600 2,153.00 1,295,244,800 421,100 INC.
SEIKA CORPORATION 137,300 1,221.00 167,643,300 3,600
SATO SHOJI CORPORATION 200,100 859.00 171,885,900 6,400
RYOYO ELECTRO 246,000 3,190.00 784,740,000 40,000 CORPORATION
TOKYO SANGYO CO.,LTD. 219,400 513.00 112,552,200 11,800
YUASA TRADING CO.,LTD. 230,300 2,904.00 668,791,200 1,000
SHINSHO CORPORATION 61,000 1,841.00 112,301,000 1,000
TORQ INC. 144,600 287.00 41,500,200 12,600
HANWA CO.,LTD. 453,300 1,966.00 891,187,800 500
SHOEI FOODS CORPORATION 156,900 4,015.00 629,953,500 900
KANADEN CORPORATION 196,900 1,237.00 243,565,300 1,700
RYODEN CORPORATION 174,600 1,422.00 248,281,200 6,800
FURUSATO INDUSTRIES,LTD. 133,800 1,355.00 181,299,000 6,100
IWATANI CORPORATION 538,300 3,755.00 2,021,316,500 117,300
NICE CORPORATION 103,400 860.00 88,924,000 200
SHOKO CO.,LTD. 77,600 601.00 46,637,600
NICHIMO CO.,LTD. 37,700 1,896.00 71,479,200
KYOKUTO BOEKI 69,600 1,287.00 89,575,200 4,100
104
KAISHA,LIMITED
IWAKI & CO.,LTD. 317,800 510.00 162,078,000 18,000
SAN-AI OIL CO.,LTD. 597,400 928.00 554,387,200 26,200
INABATA & CO.,LTD. 534,300 1,314.00 702,070,200 11,100
GSI CREOS CORPORATION 59,300 1,192.00 70,685,600 10,000
MEIWA CORPORATION 223,700 455.00 101,783,500 78,900
KUWAZAWA TRADING CO.,LTD. 86,200 527.00 45,427,400 6,300
YAMAEHISANO CO.,LTD. 176,600 1,248.00 220,396,800 8,200
WAKITA & CO.,LTD. 517,300 927.00 479,537,100 26,900
TOHO HOLDINGS CO.,LTD. 778,300 1,875.00 1,459,312,500 10,900
SANGETSU CORPORATION 661,300 1,481.00 979,385,300 28,300
MITSUUROKO GROUP 357,600 1,139.00 407,306,400 11,100 HOLDINGS CO.,LTD.
SINANEN HOLDINGS CO.,LTD. 99,800 2,638.00 263,272,400 7,500
ITOCHU ENEX CO.,LTD. 536,400 849.00 455,403,600
SANRIO COMPANY,LTD. 681,300 1,654.00 1,126,870,200 449,500
SUN-WA TECHNOS 171,800 872.00 149,809,600 3,000 CORPORATION
RYOSAN COMPANY,LIMITED 267,700 2,192.00 586,798,400 10,600
SHINKO SHOJI CO.,LTD. 380,200 832.00 316,326,400 37,200
TOHO CO.,LTD. 109,500 1,859.00 203,560,500 28,500
SANSHIN ELECTRONICS 130,000 1,606.00 208,780,000 4,800 CO.,LTD.
TOYO CORPORATION 259,400 973.00 252,396,200 10,000
MOS FOOD SERVICES,INC. 318,300 2,845.00 905,563,500 34,200
KAGA ELECTRONICS CO.,LTD. 241,500 1,983.00 478,894,500 9,000
SODA NIKKA CO.,LTD. 250,300 512.00 128,153,600 18,700
TACHIBANA ELETECH 179,200 1,740.00 311,808,000 7,000 CO.,LTD.
FORVAL CORPORATION 106,100 990.00 105,039,000 6,100
PALTAC CORPORATION 388,900 4,830.00 1,878,387,000 11,100
MITANI SANGYO CO.,LTD. 319,000 340.00 108,460,000 22,400
TAIHEIYO KOUHATSU 95,300 620.00 59,086,000 INCORPORATED
NISHIMOTO CO.,LTD. 43,900 2,157.00 94,692,300 2,000
YAMASHITA HEALTH CARE 21,500 1,815.00 39,022,500 2,700 HOLDINGS,INC.
105
KOKUSAI PULP & PAPER 574,400 284.00 163,129,600 14,500 CO.,LTD.
YAMATANE CORPORATION 121,500 1,176.00 142,884,000 8,000
MARUBENI CONSTRUCTION 23,600 1,540.00 36,344,000 MATERIAL LEASE CO.,LTD.
NIPPON STEEL TRADING 173,000 3,395.00 587,335,000 8,600 CORPORATION
SENSHU ELECTRIC CO.,LTD. 74,400 2,733.00 203,335,200 2,000
TRUSCO NAKAYAMA 504,900 2,741.00 1,383,930,900 154,900 CORPORATION
AUTOBACS SEVEN CO.,LTD. 900,100 1,357.00 1,221,435,700 34,700
MORITO CO.,LTD. 176,700 671.00 118,565,700 4,400
KATO SANGYO CO.,LTD. 350,200 3,360.00 1,176,672,000 6,000
KITAKEI CO.,LTD. 61,300 945.00 57,928,500
INNOTECH CORPORATION 125,700 973.00 122,306,100
YELLOW HAT LTD. 458,200 1,503.00 688,674,600 11,900
JK HOLDINGS CO.,LTD. 219,200 783.00 171,633,600 3,500
NICHIDEN CORPORATION 219,500 2,201.00 483,119,500 13,200
KITAZAWA SANGYO CO.,LTD. 182,200 280.00 51,016,000 1,400
SUGIMOTO & CO.,LTD. 130,800 1,788.00 233,870,400 1,600
INABA DENKISANGYO 690,500 2,437.00 1,682,748,500 19,100 CO.,LTD.
TOTECH CORPORATION 80,200 2,216.00 177,723,200 3,600
MISUMI GROUP INC. 3,041,600 2,686.00 8,169,737,600 453,200
ALTECH CO.,LTD. 192,400 238.00 45,791,200 44,000
TAKIHYO CO.,LTD. 73,400 1,865.00 136,891,000 37,600
ZAOH COMPANY,LTD. 46,700 1,429.00 66,734,300
SUZUKEN CO.,LTD. 1,027,600 3,745.00 3,848,362,000 49,300
GECOSS CORPORATION 167,200 861.00 143,959,200 3,000
GLOSEL CO.,LTD. 242,600 419.00 101,649,400 1,600
LAWSON,INC. 613,800 5,440.00 3,339,072,000 34,400
SAN-A CO.,LTD. 201,800 4,005.00 808,209,000 63,200
CAWACHI LIMITED 188,000 2,870.00 539,560,000 79,700
ABC-MART,INC. 378,800 6,100.00 2,310,680,000 3,900
HARD OFF CORPORATION 96,100 683.00 65,636,300 1,000 CO.,LTD.
ASKUL CORPORATION 253,600 3,490.00 885,064,000 19,300
GEO HOLDINGS 436,800 1,373.00 599,726,400 169,100
106
CORPORATION
ADASTRIA CO.,LTD. 336,000 1,595.00 535,920,000
GFOOT CO.,LTD. 146,500 506.00 74,129,000 99,300
CVS BAY AREA INC. 34,900 474.00 16,542,600 7,400
KURA SUSHI,INC. 126,700 5,270.00 667,709,000 37,700
CAN DO CO.,LTD. 115,500 2,063.00 238,276,500 18,400
PAL GROUP HOLDINGS 247,800 1,232.00 305,289,600 5,100 CO.,LTD
EDION CORPORATION 1,113,800 1,058.00 1,178,400,400 523,700
SALA CORPORATION 492,600 586.00 288,663,600 22,800
WATTS CO.,LTD. 106,800 1,056.00 112,780,800 73,600
HALOWS CO.,LTD. 91,200 3,400.00 310,080,000 4,900
FUJIO FOOD GROUP INC. 204,500 1,332.00 272,394,000 130,900
AMIYAKI TEI CO.,LTD. 52,400 2,950.00 154,580,000 30,200
HIRAMATSU INC. 446,000 170.00 75,820,000 29,900
DAIKOKUTENBUSSAN 58,100 5,300.00 307,930,000 300 CO.,LTD.
HONEYS HOLDINGS CO.,LTD. 213,400 1,118.00 238,581,200 32,100
PHARMARISE HOLDINGS 58,500 684.00 40,014,000 14,600 CORPORATION
ALPEN CO.,LTD. 185,800 1,698.00 315,488,400 6,600
HUB CO.,LTD. 68,900 597.00 41,133,300 10,500
QOL HOLDINGS CO.,LTD. 357,100 1,097.00 391,738,700 12,200
JINS HOLDINGS INC. 128,400 7,540.00 968,136,000 42,700
BIC CAMERA INC. 1,439,100 1,151.00 1,656,404,100 875,200
DCM HOLDINGS CO.,LTD. 1,344,600 1,312.00 1,764,115,200 908,700
PEPPER FOOD SERVICE 211,200 572.00 120,806,400 147,900 CO.,LTD.
MONOTARO CO.,LTD. 1,725,300 4,620.00 7,970,886,000 561,900
TOKYO ICHIBAN FOODS 61,500 514.00 31,611,000 42,400 CO.,LTD.
DD HOLDINGS CO.,LTD. 95,700 797.00 76,272,900 10,000
KICHIRI HOLDINGS & CO.,LTD. 64,600 587.00 37,920,200
ARCLAND SERVICE HOLDINGS 177,200 1,883.00 333,667,600 116,100 CO.,LTD.
J.FRONT RETAILING CO.,LTD. 2,897,400 685.00 1,984,719,000 58,400
DOUTOR.NICHIRES 348,900 1,717.00 599,061,300 19,700
107
HOLDINGS CO.,LTD.
MATSUMOTOKIYOSHI 1,003,000 3,935.00 3,946,805,000 125,300 HOLDINGS CO.,LTD.
BRONCO BILLY CO.,LTD. 126,900 2,308.00 292,885,200 7,600
ZOZO,INC. 1,668,600 2,459.00 4,103,087,400 46,700
TREASURE FACTORY CO.,LTD. 71,000 803.00 57,013,000 3,500
THE MONOGATARI 64,500 8,050.00 519,225,000 3,500 CORPORATION
COCOKARA FINE INC. 253,300 5,980.00 1,514,734,000 17,600
ISETAN MITSUKOSHI 4,242,300 613.00 2,600,529,900 614,500 HOLDINGS LTD.
HAMEE CORP. 86,400 1,840.00 158,976,000 10,500
WELCIA HOLDINGS CO.,LTD. 721,600 8,910.00 6,429,456,000 62,300
CREATE SD HOLDINGS 408,900 3,345.00 1,367,770,500 16,200 CO.,LTD.
MARUZEN CHI HOLDINGS 283,100 403.00 114,089,300 197,100 CO.,LTD.
MISAWA & CO.,LTD. 49,000 658.00 32,242,000
TEA LIFE CO.,LTD. 35,800 1,092.00 39,093,600 24,800
AP COMPANY CO.,LTD. 45,400 433.00 19,658,200 30,000
CHIMNEY CO.,LTD. 74,000 1,266.00 93,684,000 51,300
SYUPPIN CO.,LTD. 164,900 711.00 117,243,900 66,600
OISIX RA DAICHI INC. 239,000 2,065.00 493,535,000
NEXTAGE CO.,LTD. 347,700 915.00 318,145,500 210,600
JOYFUL HONDA CO.,LTD. 710,600 1,450.00 1,030,370,000 22,800
TORIKIZOKU CO.,LTD. 71,100 1,513.00 107,574,300 49,300
KIRINDO HOLDINGS CO.,LTD. 95,300 2,529.00 241,013,700 1,000
HOTLAND CO.,LTD. 161,600 1,106.00 178,729,600 31,600
SKYLARK HOLDINGS CO.,LTD. 2,719,300 1,622.00 4,410,704,600 1,869,200
SFP HOLDINGS CO.,LTD. 138,000 1,482.00 204,516,000 3,200
WATAHAN & CO.,LTD. 90,700 1,890.00 171,423,000 23,100
YOSSIX CO.,LTD. 39,500 1,866.00 73,707,000 16,200
UNITED SUPER MARKETS 705,100 1,277.00 900,412,700 55,200 HOLDINGS INC.
GOLF DIGEST ONLINE INC. 111,800 517.00 57,800,600 27,200
BEENOS INC. 112,200 1,143.00 128,244,600 75,400
ASAHI CO.,LTD. 180,700 1,563.00 282,434,100 22,500
108
NIHON CHOUZAI CO.,LTD. 147,100 1,691.00 248,746,100 200
COSMOS PHARMACEUTICAL 214,200 17,150.00 3,673,530,000 19,500 CORPORATION
TOELL CO.,LTD. 117,100 701.00 82,087,100 6,200
ONLY CORPORATION 41,100 580.00 23,838,000 2,000
SEVEN & I HOLDINGS 9,492,500 3,425.00 32,511,812,500 734,900 CO.,LTD.
CREATE RESTAURANTS 1,304,200 649.00 846,425,800 916,700 HOLDINGS INC.
TSURUHA HOLDINGS INC. 527,800 14,900.00 7,864,220,000 20,600
SAINT MARC HOLDINGS 191,700 1,590.00 304,803,000 23,500 CO.,LTD.
FELISSIMO CORPORATION 53,800 1,096.00 58,964,800 37,100
TORIDOLL HOLDINGS 599,900 1,203.00 721,679,700 213,400 CORPORATION
TOKYO BASE CO.,LTD. 218,600 376.00 82,193,600 150,900
WILLPLUS HOLDINGS 30,200 621.00 18,754,200 20,800 CORPORATION
JM HOLDINGS CO.,LTD. 183,700 3,385.00 621,824,500 127,400
SATUDORA HOLDINGS 36,300 1,980.00 71,874,000 6,400 CO.,LTD.
ALLEANZA HOLDINGS 121,100 1,106.00 133,936,600 8,000 CO.,LTD.
KUSHIKATSU TANAKA 49,700 1,630.00 81,011,000 34,500 HOLDINGS CO.
BAROQUE JAPAN LIMITED 168,400 647.00 108,954,800 116,200
KUSURI NO AOKI HOLDINGS 217,100 9,740.00 2,114,554,000 13,200 CO.,LTD.
CHIKARANOMOTO HOLDINGS 110,100 679.00 74,757,900 29,300 CO.,LTD.
SUSHIRO GLOBAL HOLDINGS 1,331,500 2,514.00 3,347,391,000 61,400 LTD.
LIXIL VIVA CORPORATION 239,500 2,596.00 621,742,000 10,900
MEDICAL SYSTEM NETWORK 234,400 501.00 117,434,400 8,800 CO.,LTD.
HARUYAMA HOLDINGS INC. 113,500 729.00 82,741,500 800
NOJIMA CO.,LTD. 431,500 2,644.00 1,140,886,000 11,500
KAPPA.CREATE CO.,LTD. 340,200 1,383.00 470,496,600 190,800 109
RIGHT ON CO.,LTD. 181,400 619.00 112,286,600 115,500
JEANS MATE CORPORATION 73,900 226.00 16,701,400 49,900
RYOHIN KEIKAKU CO.,LTD. 3,221,500 1,438.00 4,632,517,000 411,900
PARIS MIKI HOLDINGS INC. 257,300 292.00 75,131,600 9,200
ADVAN CO.,LTD. 370,400 1,302.00 482,260,800 36,800
ALBIS CO.,LTD. 92,000 2,230.00 205,160,000 9,800
KONAKA CO.,LTD. 285,900 303.00 86,627,700 9,900
HOUSE OF ROSE CO.,LTD. 29,700 1,601.00 47,549,700 3,000
G-7 HOLDINGS INC. 142,800 2,417.00 345,147,600 7,700
AEON HOKKAIDO 319,900 821.00 262,637,900 1,500 CORPORATION
KOJIMA CO.,LTD. 417,200 545.00 227,374,000 261,300
HIMARAYA CO.,LTD. 84,800 824.00 69,875,200 58,800
KOHNAN SHOJI CO.,LTD. 344,900 3,465.00 1,195,078,500 22,500
ECO'S CO.,LTD. 89,100 2,067.00 184,169,700 500
WATAMI CO.,LTD. 287,000 888.00 254,856,000 198,100
MARCHE CORPORATION 63,700 506.00 32,232,200 32,300
PAN PACIFIC INTERNATIONAL 5,333,400 2,422.00 12,917,494,800 19,600 HOLDINGS CORPORATION
NISHIMATSUYA CHAIN 532,300 1,079.00 574,351,700 374,100 CO.,LTD.
ZENSHO HOLDINGS CO.,LTD. 1,162,500 2,144.00 2,492,400,000 208,000
KOURAKUEN HOLDINGS 154,000 1,512.00 232,848,000 103,000 CORPORATION
HURXLEY CORPORATION 50,600 1,012.00 51,207,200 1,100
SAIZERIYA CO.,LTD. 359,800 1,975.00 710,605,000 197,100
VT HOLDINGS CO.,LTD. 1,004,500 357.00 358,606,500 73,200
UORIKI CO.,LTD. 67,100 1,604.00 107,628,400 46,000
POPLAR CO.,LTD. 63,100 401.00 25,303,100 43,400
FUJI CORPORATION 64,200 1,982.00 127,244,400 13,300
UNITED ARROWS LTD. 254,200 1,615.00 410,533,000 1,300
HIDAY HIDAKA CORP. 350,100 1,556.00 544,755,600 219,800
KYOTO KIMONO YUZEN 154,100 256.00 39,449,600 53,700 CO.,LTD.
COLOWIDE CO.,LTD. 806,200 1,406.00 1,133,517,200 566,400
PC DEPOT CORPORATION 322,000 697.00 224,434,000 46,800
ICHIBANYA CO.,LTD. 170,900 4,795.00 819,465,500 7,900
110
TOP CULTURE CO.,LTD. 87,400 351.00 30,677,400 32,600
PLANT CO.,LTD. 61,900 640.00 39,616,000 200
SUGI HOLDINGS CO.,LTD. 484,400 7,390.00 3,579,716,000 21,200
YAKUODO HOLDINGS CO.,LTD. 105,700 2,727.00 288,243,900 8,300
VIA HOLDINGS,INC. 297,100 349.00 103,687,900 46,500
SCROLL CORPORATION 372,900 438.00 163,330,200 5,000
YONDOSHI HOLDINGS INC. 246,800 1,667.00 411,415,600 4,100
FAMILYMART CO.,LTD. 1,938,400 1,754.00 3,399,953,600 922,300
KISOJI CO.,LTD. 317,200 2,351.00 745,737,200 219,000
SRS HOLDINGS CO.,LTD. 285,800 878.00 250,932,400 197,300
SENSHUKAI CO.,LTD. 438,000 347.00 151,986,000 218,900
TAKA-Q CO.,LTD. 187,200 131.00 24,523,200 104,500
RETAIL PARTNERS CO.,LTD. 321,100 1,855.00 595,640,500 141,400
KEIYO CO.,LTD. 498,300 749.00 373,226,700 23,500
JOSHIN DENKI CO.,LTD. 285,200 2,083.00 594,071,600 12,300
NIPPON GAS CO.,LTD. 383,400 4,605.00 1,765,557,000 16,900
ROYAL HOLDINGS CO., LTD. 423,600 1,762.00 746,383,200 275,900
TOTENKO CO.,LTD. 17,700 973.00 17,222,100 12,300
INAGEYA CO.,LTD. 300,500 1,711.00 514,155,500 32,400
SHIMACHU CO.,LTD. 456,300 2,994.00 1,366,162,200 6,700
CHIYODA CO.,LTD. 254,600 1,131.00 287,952,600 48,900
LIFE CORPORATION 184,000 3,725.00 685,400,000 6,800
RINGER HUT CO.,LTD. 299,100 2,252.00 673,573,200 206,500
MRMAX HOLDINGS LTD. 333,300 645.00 214,978,500 14,400
TEN ALLIED CO.,LTD. 223,700 370.00 82,769,000 154,300
AOKI HOLDINGS INC. 485,400 596.00 289,298,400 52,700
OKUWA CO.,LTD. 380,700 1,512.00 575,618,400 27,900
KOMERI CO.,LTD. 374,600 2,736.00 1,024,905,600 21,100
AOYAMA TRADING CO.,LTD. 501,100 662.00 331,728,200 20,100
SHIMAMURA CO.,LTD. 282,400 7,190.00 2,030,456,000 8,100
HASEGAWA CO.,LTD. 128,400 316.00 40,574,400 2,500
TAKASHIMAYA 1,767,600 822.00 1,452,967,200 726,600 COMPANY,LIMITED
MATSUYA CO.,LTD. 489,100 670.00 327,697,000 318,200
H2O RETAILING 1,149,200 703.00 807,887,600 25,200 CORPORATION
KINTETSU DEPARTMENT 92,800 2,999.00 278,307,200 11,000 STORE CO.,LTD. 111
MARUI GROUP CO.,LTD. 2,224,000 1,802.00 4,007,648,000 179,400
AXIAL RETAILING INC. 201,300 4,440.00 893,772,000 800
IZUTSUYA CO.,LTD. 131,700 175.00 23,047,500 32,100
AEON CO.,LTD. 9,337,100 2,533.50 23,655,542,850 406,200
IZUMI CO.,LTD. 493,400 3,345.00 1,650,423,000 11,600
HEIWADO CO.,LTD. 492,600 1,877.00 924,610,200 346,300
FUJI CO.,LTD. 292,900 1,807.00 529,270,300 18,900
YAOKO CO.,LTD 275,400 7,850.00 2,161,890,000 100
XEBIO HOLDINGS CO.,LTD. 293,200 809.00 237,198,800 5,700
K'S HOLDINGS CORPORATION 2,341,400 1,391.00 3,256,887,400 9,000
OLYMPIC GROUP 125,100 883.00 110,463,300 300 CORPORATION
NISSAN TOKYO SALES 356,800 253.00 90,270,400 700 HOLDINGS CO.,LTD.
SILVER LIFE CO.,LTD. 32,600 2,150.00 70,090,000 21,200
IKKA DINING PROJECT.,LTD. 24,900 601.00 14,964,900
GENKY DRUGSTORES CO.,LTD. 106,600 3,590.00 382,694,000 23,000
NARUMIYA INTERNATIONAL 54,200 605.00 32,791,000 CO.,LTD.
BOOKOFF GROUP HOLDINGS 141,500 792.00 112,068,000 98,400 LIMITED
AIN HOLDINGS INC. 298,100 6,880.00 2,050,928,000 84,500
GENKI SUSHI CO.,LTD. 61,200 2,275.00 139,230,000 42,800
YAMADA DENKI CO.,LTD. 7,392,800 506.00 3,740,756,800 490,500
ARCLAND SAKAMOTO 379,800 1,812.00 688,197,600 11,900 CO.,LTD.
NITORI HOLDINGS CO.,LTD. 1,050,500 22,325.00 23,452,412,500 8,100
GOURMET KINEYA CO.,LTD. 173,000 935.00 161,755,000 120,000
AIGAN CO.,LTD. 193,400 227.00 43,901,800 112,000
KU HOLDINGS CO.,LTD. 126,600 826.00 104,571,600 6,700
YOSHINOYA HOLDINGS 797,100 2,134.00 1,701,011,400 560,300 CO.,LTD.
MATSUYA FOODS HOLDINGS 116,700 3,570.00 416,619,000 12,900 CO.,LTD.
SAGAMI HOLDINGS 324,300 1,208.00 391,754,400 223,900 CORPORATION
KANSAI SUPER MARKET LTD. 201,600 1,112.00 224,179,200 11,500
112
OHSHO FOOD SERVICE CORP. 178,100 5,810.00 1,034,761,000 1,600
PLENUS CO.,LTD. 271,600 1,773.00 481,546,800 51,900
MINISTOP CO.,LTD. 179,800 1,435.00 258,013,000 54,000
ARCS COMPANY,LIMITED 496,100 2,473.00 1,226,855,300 14,600
VALOR HOLDINGS CO.,LTD. 536,800 2,180.00 1,170,224,000 18,800
FUJIKYU CORPORATION 25,700 1,073.00 27,576,100 17,900
BELC CO.,LTD. 119,700 7,680.00 919,296,000 8,000
DAISYO CORPORATION 129,700 1,203.00 156,029,100 87,400
FAST RETAILING CO.,LTD. 324,500 62,130.00 20,161,185,000 132,600
SUNDRUG CO.,LTD. 912,800 3,540.00 3,231,312,000 7,800
SAC'S BAR HOLDINGS INC. 205,500 557.00 114,463,500 7,800
YAMAZAWA CO.,LTD. 56,600 1,736.00 98,257,600 39,000
YAMAYA CORPORATION 49,800 2,137.00 106,422,600 34,500
BELLUNA CO.,LTD. 520,700 637.00 331,685,900 36,500
THE SHIMANE BANK,LTD. 64,000 559.00 35,776,000 20,100
JIMOTO HOLDINGS,INC. 1,642,000 93.00 152,706,000 116,000
MEBUKI FINANCIAL 12,625,900 248.00 3,131,223,200 484,000 GROUP,INC.
TOKYO KIRABOSHI 328,200 1,117.00 366,599,400 15,500 FINANCIAL GROUP,INC.
KYUSHU FINANCIAL 5,316,600 448.00 2,381,836,800 699,300 GROUP,INC.
JAPAN POST BANK CO.,LTD. 6,884,100 807.00 5,555,468,700 4,838,100
THE FIRST BANK OF 579,100 267.00 154,619,700 21,400 TOYAMA,LTD.
CONCORDIA FINANCIAL 13,878,600 342.00 4,746,481,200 836,100 GROUP,LTD.
NISHI-NIPPON FINANCIAL 1,616,700 702.00 1,134,923,400 121,000 HOLDINGS,INC.
KANSAI MIRAI FINANCIAL 1,426,100 396.00 564,735,600 44,400 GROUP,INC.
SAN JU SAN FINANCIAL 225,200 1,310.00 295,012,000 11,900 113
GROUP,INC.
DAISHI HOKUETSU 421,700 2,070.00 872,919,000 24,300 FINANCIAL GROUP,INC.
SHINSEI BANK,LIMITED 1,783,200 1,281.00 2,284,279,200 66,200
AOZORA BANK,LTD. 1,447,700 1,865.00 2,699,960,500 452,000
Collateral Sercurities MITSUBISHI FINANCIAL 166,222,100 420.20 69,846,526,420 5,734,200 shares GROUP,INC. Loaned securities 14,089,000 shares
RESONA HOLDINGS, INC. 26,665,900 368.60 9,829,050,740 4,900
SUMITOMO MITSUI TRUST 4,593,000 2,976.00 13,668,768,000 54,400 HOLDINGS,INC.
Collateral Sercurities SUMITOMO MITSUI 16,805,500 3,036.00 51,021,498,000 70,500 shares FINANCIAL GROUP,INC. Loaned securities 901,500 shares
THE CHIBA BANK,LTD. 8,109,200 506.00 4,103,255,200 207,600
THE GUNMA BANK,LTD. 4,667,800 328.00 1,531,038,400 475,000
THE MUSASHINO BANK,LTD. 362,000 1,510.00 546,620,000 14,900
THE CHIBA KOGYO BANK,LTD. 666,300 225.00 149,917,500 12,300
TSUKUBA BANK,LTD. 1,010,400 171.00 172,778,400 93,700
THE 77 BANK,LTD. 820,900 1,519.00 1,246,947,100 35,300
THE AOMORI BANK,LTD. 188,300 2,190.00 412,377,000 81,400
THE AKITA BANK,LTD. 155,700 1,459.00 227,166,300 9,000
THE YAMAGATA BANK,LTD. 273,100 1,240.00 338,644,000 17,500
THE BANK OF IWATE,LTD. 159,200 2,509.00 399,432,800 24,800
THE TOHO BANK,LTD. 2,172,800 223.00 484,534,400 88,600
THE TOHOKU BANK,LTD. 116,400 963.00 112,093,200 9,500
THE MICHINOKU BANK,LTD. 156,100 1,082.00 168,900,200 60,000
FUKUOKA FINANCIAL 2,046,800 1,667.00 3,412,015,600 96,100 GROUP,INC.
THE SHIZUOKA BANK,LTD. 5,917,700 689.00 4,077,295,300 377,800
THE JUROKU BANK,LTD. 304,600 1,945.00 592,447,000 14,600
SURUGA BANK LTD. 2,485,800 370.00 919,746,000 648,000
THE HACHIJUNI BANK,LTD. 5,864,200 401.00 2,351,544,200 170,000
THE YAMANASHI CHUO 282,100 852.00 240,349,200 14,700
114
BANK,LTD.
THE OGAKI KYORITSU 480,000 2,200.00 1,056,000,000 115,300 BANK,LTD.
THE FUKUI BANK,LTD. 207,800 1,617.00 336,012,600 38,700
THE HOKKOKU BANK,LTD. 241,900 2,918.00 705,864,200 54,600
THE SHIMIZU BANK,LTD. 100,200 1,651.00 165,430,200 300
THE BANK OF TOYAMA,LTD. 46,900 2,282.00 107,025,800 1,000
THE SHIGA BANK,LTD. 487,300 2,454.00 1,195,834,200 134,900
THE NANTO BANK,LTD. 404,200 2,015.00 814,463,000 18,200
THE HYAKUGO BANK,LTD. 2,186,700 318.00 695,370,600 112,100
THE BANK OF KYOTO,LTD. 870,200 3,830.00 3,332,866,000 96,700
THE KIYO BANK,LTD. 860,300 1,591.00 1,368,737,300 241,000
HOKUHOKU FINANCIAL 1,617,400 887.00 1,434,633,800 44,900 GROUP,INC.
THE HIROSHIMA BANK,LTD. 3,587,100 496.00 1,779,201,600 61,800
THE SAN-IN GODO BANK,LTD. 1,440,900 516.00 743,504,400 73,000
THE CHUGOKU 2,091,100 977.00 2,043,004,700 393,200 BANK,LIMITED
THE TOTTORI BANK,LTD. 82,800 1,155.00 95,634,000 3,000
THE IYO BANK,LTD. 3,467,200 659.00 2,284,884,800 552,000
THE HYAKUJUSHI BANK,LTD. 258,100 1,855.00 478,775,500 15,400
THE SHIKOKU BANK LTD. 369,200 775.00 286,130,000 9,400
THE AWA BANK,LTD. 396,900 2,361.00 937,080,900 85,200
THE OITA BANK,LTD. 139,800 2,365.00 330,627,000 7,500
THE MIYAZAKI BANK,LTD. 161,800 2,294.00 371,169,200 400
THE BANK OF SAGA LTD. 147,500 1,169.00 172,427,500 11,300
THE BANK OF OKINAWA,LTD. 222,500 3,015.00 670,837,500 100,000
BANK OF THE 560,500 943.00 528,551,500 74,500 RYUKYUS,LIMITED
SEVEN BANK,LTD. 8,117,300 294.00 2,386,486,200 427,800
Collateral MIZUHO FINANCIAL 330,184,700 132.10 43,617,398,870 Sercurities GROUP,INC. 1,456,700 shares
115
Loaned securities
12,443,400 shares
THE BANK OF KOCHI,LTD. 88,100 625.00 55,062,500 4,000
YAMAGUCHI FINANCIAL 3,033,000 639.00 1,938,087,000 508,900 GROUP,INC.
THE NAGANO BANK,LTD. 79,700 1,117.00 89,024,900 10,000
THE BANK OF NAGOYA,LTD. 181,500 2,333.00 423,439,500 62,100
NORTH PACIFIC BANK,LTD. 3,663,000 210.00 769,230,000 131,500
THE AICHI BANK,LTD. 87,900 2,755.00 242,164,500 7,100
THE CHUKYO BANK,LIMITED 99,800 2,030.00 202,594,000 11,000
THE TAIKO BANK,LTD. 83,200 1,426.00 118,643,200 5,400
THE EHIME BANK,LTD. 339,200 1,164.00 394,828,800 27,400
TOMATO BANK,LTD. 93,800 990.00 92,862,000
THE KEIYO BANK,LTD. 1,036,100 505.00 523,230,500 54,500
THE TOCHIGI BANK,LTD. 1,173,700 159.00 186,618,300 52,400
THE KITA-NIPPON BANK,LTD. 75,700 1,800.00 136,260,000
THE TOWA BANK,LTD. 426,600 669.00 285,395,400 22,700
THE FUKUSHIMA BANK,LTD. 228,600 163.00 37,261,800 36,200
THE DAITO BANK,LTD. 126,300 619.00 78,179,700 10,600
TOMONY HOLDINGS,INC. 1,878,300 335.00 629,230,500 179,400
FIDEA HOLDINGS CO.LTD. 2,359,200 99.00 233,560,800 95,200
SENSHU IKEDA 2,794,300 158.00 441,499,400 518,900 HOLDINGS,INC.
FINANCIAL PRODUCTS GROUP 749,500 578.00 433,211,000 519,300 CO.,LTD.
MERCURIA INVESTMENT 107,800 578.00 62,308,400 600 CO.,LTD.
SBI HOLDINGS,INC. 2,714,200 2,290.00 6,215,518,000 373,300
JAPAN ASIA INVESTMENT 205,200 229.00 46,990,800 34,900 COMPANY,LIMITED
JAFCO CO.,LTD. 373,500 3,660.00 1,367,010,000 91,800
DAIWA SECURITIES GROUP 19,497,900 473.00 9,222,506,700 294,700 INC.
NOMURA HOLDINGS,INC. 42,755,600 497.30 21,262,359,880 149,900
OKASAN SECURITIES GROUP 2,070,400 327.00 677,020,800 461,000 INC.
MARUSAN SECURITIES 721,800 411.00 296,659,800 236,600
116
CO.,LTD.
TOYO SECURITIES CO.,LTD. 868,600 115.00 99,889,000 55,900
TOKAI TOKYO FINANCIAL 2,790,500 234.00 652,977,000 119,700 HOLDINGS,INC.
THE KOSEI SECURITIES 58,000 522.00 30,276,000 3,000 CO.,LTD.
MITO SECURITIES CO.,LTD. 702,900 192.00 134,956,800 140,700
ICHIYOSHI SECURITIES 454,300 442.00 200,800,600 18,700 CO.,LTD.
MATSUI SECURITIES CO.,LTD. 1,388,100 838.00 1,163,227,800 291,600
MONEX GROUP,INC. 1,782,700 222.00 395,759,400 1,253,300
KYOKUTO SECURITIES 326,000 505.00 164,630,000 93,300 CO.,LTD.
IWAICOSMO HOLDINGS,INC. 229,600 1,098.00 252,100,800 1,700
AIZAWA SECURITIES CO.,LTD. 436,200 694.00 302,722,800 27,700
MONEY PARTNERS GROUP 258,500 215.00 55,577,500 800 CO.,LTD.
SPARX GROUP CO.,LTD. 1,122,100 214.00 240,129,400 109,600
KOBAYASHI YOKO CO.,LTD. 69,500 254.00 17,653,000 39,500
JAPAN POST INSURANCE 860,700 1,425.00 1,226,497,500 49,500 CO.,LTD.
SOMPO HOLDINGS,INC. 4,569,000 3,683.00 16,827,627,000 69,900
ANICOM HOLDINGS,INC. 201,100 4,530.00 910,983,000 32,700
MS&AD INSURANCE GROUP 6,353,400 2,930.50 18,618,638,700 36,700 HOLDINGS,INC.
SONY FINANCIAL HOLDINGS 1,996,800 2,596.00 5,183,692,800 42,000 INC.
DAI-ICHI LIFE HOLDINGS,INC. 13,750,500 1,334.50 18,350,042,250 104,600
TOKIO MARINE 8,591,300 4,656.00 40,001,092,800 38,100 HOLDINGS,INC.
T&D HOLDINGS, INC. 7,262,700 940.00 6,826,938,000 57,300
ADVANCE CREATE CO.,LTD. 50,500 2,084.00 105,242,000 2,500
ZENKOKU HOSHO CO.,LTD. 684,800 4,010.00 2,746,048,000 265,700
J-LEASE CO.,LTD. 67,300 345.00 23,218,500 46,600
ENTRUST INC. 85,200 727.00 61,940,400 3,700
MORTGAGE SERVICE JAPAN 49,100 2,071.00 101,686,100 24,900 LIMITED
CASA INC. 84,700 1,135.00 96,134,500 59,000 117
ARUHI CORPORATION 386,400 1,567.00 605,488,800 271,600
PREMIUM GROUP CO.,LTD. 132,000 1,964.00 259,248,000 28,000
CREDIT SAISON CO.,LTD. 1,702,200 1,139.00 1,938,805,800 510,300
FUYO GENERAL LEASE 254,800 5,820.00 1,482,936,000 7,800 CO.,LTD.
MIZUHO LEASING 374,800 2,356.00 883,028,800 18,500 COMPANY,LIMITED
TOKYO CENTURY 489,300 5,500.00 2,691,150,000 186,400 CORPORATION
JAPAN SECURITIES FINANCE 1,070,900 504.00 539,733,600 39,100 CO.,LTD.
AIFUL CORPORATION 3,706,900 230.00 852,587,000 913,000
RICOH LEASING 191,200 2,983.00 570,349,600 10,000 COMPANY,LTD.
AEON FINANCIAL SERVICE 1,487,000 1,128.00 1,677,336,000 20,000 CO.,LTD.
ACOM CO.,LTD. 4,883,900 401.00 1,958,443,900 1,158,600
JACCS CO.,LTD. 268,300 1,703.00 456,914,900 4,000
ORIENT CORPORATION 6,572,800 112.00 736,153,600 27,900
HITACHI CAPITAL 572,900 2,369.00 1,357,200,100 20,100 CORPORATION
APLUS FINANCIAL CO.,LTD. 1,165,700 66.00 76,936,200 658,200
ORIX CORPORATION 15,076,000 1,307.00 19,704,332,000
MITSUBISHI UFJ LEASE & 6,167,000 495.00 3,052,665,000 26,700 FINANCE COMPANY LIMITED
KYUSHU LEASING SERVICE 119,100 540.00 64,314,000 6,500 CO.,LTD.
JAPAN EXCHANGE 6,974,400 2,567.00 17,903,284,800 58,000 GROUP,INC.
EGUARANTEE,INC. 260,100 2,626.00 683,022,600 42,700
ASAX CO.,LTD. 126,200 679.00 85,689,800 75,800
NEC CAPITAL SOLUTIONS 98,800 1,917.00 189,399,600 7,300 LIMITED
ICHIGO INC. 3,092,500 254.00 785,495,000 88,400
NIPPON PARKING 2,398,600 138.00 331,006,800 1,686,000 DEVELOPMENT CO.,LTD.
STAR MICA HOLDINGS 125,500 1,473.00 184,861,500 4,500
118
CO.,LTD.
A.D.WORKS GROUP CO.,LTD. 450,800 173.00 77,988,400 182,500
HULIC CO.,LTD. 5,188,800 980.00 5,085,024,000 3,632,100
SANEI ARCHITECTURE 97,400 1,413.00 137,626,200 1,200 PLANNING CO.,LTD.
NOMURA REAL ESTATE 1,475,400 1,923.00 2,837,194,200 11,500 HOLDINGS,INC.
MIE KOTSU GROUP 492,400 467.00 229,950,800 32,000 HOLDINGS,INC.
SAMTY CO.,LTD. 344,500 1,276.00 439,582,000 237,900
DEAR LIFE CO., LTD. 343,400 491.00 168,609,400 237,000
KOSE R.E. CO.,LTD. 71,400 530.00 37,842,000 6,300
NIPPON COMMERCIAL 153,900 1,509.00 232,235,100 9,800 DEVELOPMENT CO.,LTD.
PRESSANCE CORPORATION 399,000 1,195.00 476,805,000 1,400
THE GLOBAL LTD. 114,400 222.00 25,396,800 80,100
HOUSECOM CORPORATION 41,700 1,279.00 53,334,300 2,800
JAPAN PROPERTY MANAGEMENT CENTER 160,100 1,060.00 169,706,000 9,500 CO.,LTD.
SANSEI LANDIC CO.,LTD 71,300 792.00 56,469,600 31,800
STRUST CO.,LTD. 33,000 658.00 21,714,000 19,700
HOOSIERS HOLDINGS 484,300 528.00 255,710,400 88,300
OPEN HOUSE CO.,LTD. 705,900 3,735.00 2,636,536,500 110,900
TOKYU FUDOSAN HOLDINGS 6,607,200 464.00 3,065,740,800 194,000 CORPORATION
IIDA GROUP HOLDINGS 2,026,900 1,724.00 3,494,375,600 55,400 CO.,LTD.
E'GRAND CO.,LTD 38,900 696.00 27,074,400 5,000
MUGEN ESTATE CO.,LTD. 167,800 498.00 83,564,400 115,100
B-LOT COMPANY LIMITED 113,400 623.00 70,648,200 78,100
FIRST BROTHERS CO.,LTD. 55,200 775.00 42,780,000 26,000
HOUSE DO CO.,LTD. 119,200 883.00 105,253,600 80,200
CRE,INC. 60,400 1,580.00 95,432,000 5,100
PROPERTY AGENT INC. 38,500 1,027.00 39,539,500 26,700
KI-STAR REAL ESTATE CO.,LTD 76,200 1,789.00 136,321,800 33,000
AGRATIO URBAN DESIGN INC. 39,500 506.00 19,987,000 16,800
119
GOOD COM ASSET CO.,LTD. 58,000 1,569.00 91,002,000 36,600
J.S.B.CO.,LTD. 52,000 2,745.00 142,740,000 100
TENPO INNOVATION CO.,LTD. 54,500 667.00 36,351,500 38,300
GLOBAL LINK MANAGEMENT 40,500 628.00 25,434,000 24,400 INC.
PARK24 CO.,LTD. 1,304,300 1,773.00 2,312,523,900 216,100
PARACA INC. 62,600 1,625.00 101,725,000 30,100
MITSUI FUDOSAN CO.,LTD. 11,984,400 1,857.00 22,255,030,800 478,600
MITSUBISHI ESTATE 17,025,600 1,576.50 26,840,858,400 237,500 COMPANY,LIMITED
HEIWA REAL ESTATE CO.,LTD. 445,800 2,941.00 1,311,097,800 23,900
TOKYO TATEMONO CO.,LTD. 2,559,900 1,203.00 3,079,559,700 1,360,700
DAIBIRU CORPORATION 625,700 1,015.00 635,085,500 16,000
KEIHANSHIN BUILDING 389,200 1,354.00 526,976,800 95,800 CO.,LTD.
SUMITOMO REALTY & 5,462,400 2,781.00 15,190,934,400 775,000 DEVELOPMENT CO.,LTD.
TOC CO.,LTD. 476,700 662.00 315,575,400 71,500
TOKYO RAKUTENCHI CO.,LTD. 39,800 4,125.00 164,175,000 2,200
LEOPALACE21 CORPORATION 3,184,100 186.00 592,242,600 2,193,100
STARTS CORPORATION INC. 330,400 2,163.00 714,655,200 10,100
FUJI CORPORATION LIMITED 281,900 522.00 147,151,800 15,000
AIRPORT FACILITIES CO.,LTD. 243,100 411.00 99,914,100 4,000
MEIWA ESTATE COMPANY 133,300 394.00 52,520,200 600 LIMITED
GOLDCREST CO.,LTD. 191,600 1,400.00 268,240,000 64,100
ESLEAD CORPORATION 94,600 1,345.00 127,237,000 3,500
NISSHIN GROUP HOLDINGS 359,200 361.00 129,671,200 12,400 COMPANY,LIMITED
ES-CON JAPAN LTD. 439,600 802.00 352,559,200 280,500
TAKARA LEBEN CO.,LTD. 1,110,600 355.00 394,263,000 448,800
AVANTIA CO.,LTD. 136,600 884.00 120,754,400 90,800
AEON MALL CO.,LTD. 1,218,300 1,333.00 1,623,993,900 7,100
MAINICHI COMNET CO.,LTD. 62,000 809.00 50,158,000 100
FIRST JUKEN CO,.LTD. 103,400 938.00 96,989,200 5,400
LAND CO.,LTD. 13,226,100 10.00 132,261,000 619,700
KATITAS CO.,LTD 601,600 2,625.00 1,579,200,000 74,000
120
TOSEI CORPORATION 334,800 894.00 299,311,200 74,500
ANABUKI KOSAN INC. 52,900 1,465.00 77,498,500 5,000
SUN FRONTIER FUDOUSAN 335,700 835.00 280,309,500 37,600 CO.,LTD.
FJ NEXT CO.,LTD. 212,000 859.00 182,108,000 131,100
INTELLEX CO.,LTD. 68,300 462.00 31,554,600
LAND BUSINESS CO.,LTD. 81,900 350.00 28,665,000 11,500
SUNNEXTA GROUP INC. 74,800 1,032.00 77,193,600 1,700
GRANDY HOUSE 188,600 375.00 70,725,000 4,500 CORPORATION
JAPAN AIRPORT TERMINAL 775,400 4,505.00 3,493,177,000 430,400 CO.,LTD.
NIPPON KOEI CO.,LTD. 158,400 2,950.00 467,280,000 4,000
LIFULL CO.,LTD. 821,400 419.00 344,166,600 147,000
JAC RECRUITMENT CO.,LTD. 157,900 1,124.00 177,479,600 20,400
NIHON M&A CENTER INC. 1,778,400 5,010.00 8,909,784,000 375,600
MEMBERS CO.,LTD. 69,300 1,431.00 99,168,300
CHUCO CO.,LTD. 32,300 543.00 17,538,900 13,100
UT GROUP CO.,LTD. 370,500 2,591.00 959,965,500 257,100
ITMEDIA INC. 94,200 1,843.00 173,610,600 12,900
TAKEEI CORPORATION 225,400 1,000.00 225,400,000 700
E.J HOLDINGS INC. 41,700 1,878.00 78,312,600
BENEXT GROUP INC. 294,700 947.00 279,080,900 9,000
KOSHIDAKA HOLDINGS 566,500 399.00 226,033,500 117,200 CO.,LTD.
ARTNER CO.,LTD. 56,900 886.00 50,413,400 4,100
PASONA GROUP INC. 255,100 1,178.00 300,507,800 50,700
CDS CO.,LTD. 58,300 1,200.00 69,960,000 2,000
LINK AND MOTIVATION INC. 518,900 367.00 190,436,300 340,200
GCA CORPORATION 285,300 594.00 169,468,200 52,400
SMS CO.,LTD. 732,500 2,333.00 1,708,922,500 77,800
SUNNY SIDE UP GROUP INC. 81,300 698.00 56,747,400 56,400
PERSOL HOLDINGS CO.,LTD. 2,353,700 1,450.00 3,412,865,000 472,000
LINICAL CO.,LTD. 113,600 803.00 91,220,800 9,000
COOKPAD INC. 821,800 318.00 261,332,400 223,500
ESCRIT INC. 73,400 349.00 25,616,600 10,300
IKK INC. 114,600 551.00 63,144,600 48,000
121
GAKUJO CO.,LTD. 83,300 1,110.00 92,463,000 200
STUDIO ALICE CO.,LTD. 118,300 1,525.00 180,407,500 79,200
CMIC HOLDINGS CO.,LTD. 115,800 1,387.00 160,614,600 4,500
EPCO CO.,LTD. 49,900 1,195.00 59,630,500
NJS CO.,LTD. 51,900 1,738.00 90,202,200 3,000
SOHGO SECURITY SERVICES 936,600 5,010.00 4,692,366,000 102,500 CO.,LTD.
KAKAKU.COM,INC. 1,739,200 2,660.00 4,626,272,000 63,800
I'ROM GROUP CO.,LTD. 84,500 2,578.00 217,841,000 58,300
SAINT-CARE HOLDING 151,900 419.00 63,646,100 10,300 CORPORATION
SCINEX CORPORATION 39,600 742.00 29,383,200
RENAISSANCE,INCORPORATE 130,800 942.00 123,213,600 6,900 D
DIP CORPORATION 331,900 2,108.00 699,645,200 8,500
DIGITAL HOLDINGS,INC. 127,500 1,469.00 187,297,500 52,100
SHIN NIPPON BIOMEDICAL 254,800 632.00 161,033,600 169,800 LABORATORIES,LTD.
TSUKUI CORPORATION 554,300 512.00 283,801,600 26,000
CAREER DESIGN CENTER 54,000 871.00 47,034,000 6,000 CO.,LTD.
BENEFIT ONE INC. 856,500 2,167.00 1,856,035,500 205,300
M3,INC. 5,191,300 4,860.00 25,229,718,000 141,600
TSUKADA GLOBAL HOLDINGS 149,800 286.00 42,842,800 97,800 INC.
BRASS CORPORATION 30,600 501.00 15,330,600
OUTSOURCING INC. 1,347,600 630.00 848,988,000 8,200
WELLNET CORPORATION 237,400 645.00 153,123,000 1,000
WORLD HOLDINGS CO.,LTD. 80,600 1,565.00 126,139,000 200
DENA CO.,LTD. 995,900 1,320.00 1,314,588,000 16,300
HAKUHODO DY HOLDINGS 3,274,300 1,219.00 3,991,371,700 114,700 INCORPORATED
GURUNAVI,INC. 409,500 722.00 295,659,000 134,900
TAKAMIYA CO.,LTD. 249,400 541.00 134,925,400 7,700
JAPAN BEST RESCUE SYSTEM 185,700 818.00 151,902,600 129,900 CO.,LTD.
FAN COMMUNICATIONS,INC. 647,300 438.00 283,517,400 48,000
LIKE CO.,LTD. 77,600 1,304.00 101,190,400 52,600 122
BUSINESS 98,200 375.00 36,825,000 3,000 BREAKTHROUGH,INC.
S-POOL,INC. 604,300 684.00 413,341,200 423,000
WDB HOLDINGS CO.,LTD. 107,400 2,659.00 285,576,600 3,300
TEMAIRAZU,INC. 14,900 4,170.00 62,133,000 10,200
TEAR CORPORATION 137,100 506.00 69,372,600 11,100
CDG CO.,LTD. 25,100 1,600.00 40,160,000 800
VALUECOMMERCE CO.,LTD. 131,800 2,948.00 388,546,400
INFOMART CORPORATION 2,579,700 744.00 1,919,296,800 135,700
JP-HOLDINGS,INC. 739,100 266.00 196,600,600 49,400
ECONACH HOLDINGS CO.,LTD. 424,900 93.00 39,515,700 124,500
EPS HOLDINGS,INC. 318,800 1,013.00 322,944,400 62,300
LEGS COMPANY,LTD. 58,000 873.00 50,634,000 500
PRESTIGE INTERNATIONAL 881,400 851.00 750,071,400 16,300 INC.
AMUSE INC. 128,200 2,252.00 288,706,400 70,200
DREAM INCUBATOR INC. 71,400 1,317.00 94,033,800 15,000
QUICK CO.,LTD. 146,100 1,140.00 166,554,000 100
TAC CO.,LTD. 141,500 197.00 27,875,500 19,500
KENEDIX, INC. 2,193,400 512.00 1,123,020,800 1,541,800
DENTSU GROUP INC. 2,426,700 2,548.00 6,183,231,600 495,200
TAKE AND GIVE. NEEDS 89,900 573.00 51,512,700 CO.,LTD.
PIA CORPORATION 67,300 3,090.00 207,957,000 47,100
AEON FANTASY CO.,LTD. 90,700 1,495.00 135,596,500 62,500
CTS CO.,LTD. 265,600 906.00 240,633,600 17,200
NEXYZ.GROUP CORPORATION 71,800 955.00 68,569,000 12,400
H.U.GROUP HOLDINGS,INC. 658,400 2,584.00 1,701,305,600
ALTECH CORPORATION 208,200 1,866.00 388,501,200 9,600
SANIX INCORPORATED 411,400 281.00 115,603,400 284,200
DAIOHS CORPORATION 46,300 996.00 46,114,800 2,600
NIPPON AIR CONDITIONING 246,400 725.00 178,640,000 5,600 SERVICES CO.,LTD.
ORIENTAL LAND CO.,LTD. 2,503,700 14,120.00 35,352,244,000 94,800
DUSKIN CO.,LTD. 585,100 2,702.00 1,580,940,200 45,500
MEIKO NETWORK JAPAN 297,700 826.00 245,900,200 152,700 CO.,LTD.
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FALCO HOLDINGS CO.,LTD. 129,400 1,528.00 197,723,200 4,400
SHUEI YOBIKO CO.,LTD. 51,300 428.00 21,956,400 15,600
TAYA CO.,LTD. 42,900 530.00 22,737,000 28,200
ROUND ONE CORPORATION 657,100 757.00 497,424,700 456,100
RESORTTRUST,INC. 1,079,100 1,349.00 1,455,705,900 42,000
BML,INC. 303,000 2,730.00 827,190,000 11,200
WATABE WEDDING 38,100 295.00 11,239,500 CORPORATION
RELIA,INC. 425,300 1,032.00 438,909,600 37,700
RISO KYOIKU CO.,LTD. 1,075,400 304.00 326,921,600 4,100
WASEDA ACADEMY CO.,LTD. 102,000 939.00 95,778,000 3,700
USS CO.,LTD. 2,635,700 1,709.00 4,504,411,300 104,800
TOKYO INDIVIDUALIZED EDUCATIONAL 83,100 500.00 41,550,000 48,600 INSTITUTE,INC.
CYBERAGENT,INC. 1,450,600 5,970.00 8,660,082,000 146,300
RAKUTEN,INC. 10,973,100 992.00 10,885,315,200 3,119,500
CREEK & RIVER CO.,LTD. 123,200 1,081.00 133,179,200 11,700
TOW CO.,LTD. 374,600 340.00 127,364,000 17,300
YAMADA CONSULTING GROUP 152,200 1,234.00 187,814,800 27,800 CO.,LTD.
CENTRAL SPORTS CO.,LTD. 87,700 2,184.00 191,536,800 1,100
FULLCAST HOLDINGS 235,500 1,369.00 322,399,500 6,000 CO.,LTD.
EN-JAPAN INC. 418,300 2,651.00 1,108,913,300 16,200
RESOL HOLDINGS CO.,LTD. 25,500 3,460.00 88,230,000 4,000
TECHNOPRO HOLDINGS,INC. 469,900 5,820.00 2,734,818,000 1,100
ARTRA CORPORATION 53,800 231.00 12,427,800 30,800
INTERWORKS,INC. 45,000 346.00 15,570,000
IR JAPAN HOLDINGS,LTD. 95,500 11,440.00 1,092,520,000 66,000
KEEPER TECHNICAL 86,500 1,773.00 153,364,500 6,300 LABORATORY CO.,LTD.
FIRSTLOGIC,INC. 45,300 615.00 27,859,500 9,600
SANKI SERVICE 45,100 932.00 42,033,200 5,400 CORPORATION
GUNOSY INC. 146,100 927.00 135,434,700 78,400
DESIGNONE JAPAN,INC. 69,300 288.00 19,958,400 19,400
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E-GUARDIAN INC. 103,500 2,979.00 308,326,500 71,400
LIVESENSE INC. 150,700 288.00 43,401,600 77,900
JAPAN MATERIAL CO.,LTD. 723,900 1,733.00 1,254,518,700 29,300
VECTOR INC. 293,300 881.00 258,397,300 186,100
UCHIYAMA HOLDINGS 115,700 301.00 34,825,700 8,600 CO.,LTD.
CHARM CARE CORPORATION 200,200 770.00 154,154,000 36,600
LIKE KIDS,INC. 40,100 1,003.00 40,220,300 9,200
CAREERLINK CO.,LTD. 76,800 724.00 55,603,200 53,200
IBJ,INC. 160,700 679.00 109,115,300 109,700
ASANTE INCORPORATED 94,400 1,452.00 137,068,800 3,900
N.FIELD CO.,LTD. 161,700 524.00 84,730,800 3,100
VALUE HR CO.,LTD. 93,000 1,375.00 127,875,000 20,100
M&A CAPITAL PARTNERS 191,000 4,120.00 786,920,000 59,300 CO.,LTD.
RIDE ON EXPRESS HOLDINGS 90,200 2,505.00 225,951,000 58,100 CO.,LTD.
ERI HOLDINGS CO.,LTD. 65,900 642.00 42,307,800
ABIST CO.,LTD. 36,500 2,666.00 97,309,000 6,000
SIGMAXYZ INC. 161,100 1,587.00 255,665,700 6,200
WILL GROUP,INC. 153,600 648.00 99,532,800 10,000
ESCROW AGENT JAPAN,INC. 325,200 204.00 66,340,800 79,300
RECRUIT HOLDINGS CO.,LTD. 16,865,800 3,630.00 61,222,854,000 1,209,000
ELAN CORPORATION 139,100 1,708.00 237,582,800 33,800
C.E.MANAGEMENT INTEGRATED LABORATORY 102,200 417.00 42,617,400 CO.LTD
NET MARKETING CO.LTD. 90,500 630.00 57,015,000 45,900
JAPAN POST HOLDINGS 19,295,800 761.90 14,701,470,020 329,400 CO.,LTD.
BELLSYSTEM24 394,200 1,409.00 555,427,800 92,900 HOLDINGS,INC.
KAMAKURA SHINSHO,LTD. 177,600 1,055.00 187,368,000 103,100
SMN CORPORATION 49,900 1,093.00 54,540,700 6,700
ICHIKURA CO.,LTD. 25,300 394.00 9,968,200 300
LITALICO INC. 81,000 2,297.00 186,057,000
GLOBAL KIDS COMPANY 42,300 614.00 25,972,200 10,000 CORP. 125
AIRTRIP CORP. 123,100 1,185.00 145,873,500 86,500
ATRAE,INC. 71,300 3,105.00 221,386,500 49,200
STRIKE COMPANY,LIMITED 88,800 5,170.00 459,096,000 28,000
SOLASTO CORPORATION 649,300 1,061.00 688,907,300 13,200
SERAKU CO.,LTD. 73,700 1,110.00 81,807,000 12,000
INSOURCE CO.,LTD. 97,800 2,642.00 258,387,600 68,800
BAYCURRENT 142,600 9,190.00 1,310,494,000 400 CONSULTING,INC.
ORCHESTRA HOLDINGS INC. 49,000 1,648.00 80,752,000 32,300
I-MOBILE CO.,LTD. 83,200 699.00 58,156,800 57,600
CAREERINDEX INC. 96,200 482.00 46,368,400 60,600
MATCHING SERVICE JAPAN 76,300 777.00 59,285,100 20,900 CO.,LTD.
SEMBA CORPORATION 38,500 1,036.00 39,886,000 1,000
GRACE TECHNOLOGY,INC. 108,100 5,670.00 612,927,000 1,300
JAPAN ELEVATOR SERVICE 248,100 3,610.00 895,641,000 156,000 HOLDINGS CO.,LTD.
FULLTECH CO.LTD. 32,800 1,309.00 42,935,200 10,000
GREENS CO.,LTD. 59,100 463.00 27,363,300 3,000
TSUNAGU GROUP HOLDINGS 39,400 426.00 16,784,400 18,300 INC.
GAMEWITH,INC. 69,700 579.00 40,356,300 48,200
SOLDOUT,INC. 48,000 2,669.00 128,112,000 33,100
MS&CONSULTING CO.,LTD. 43,900 566.00 24,847,400 10,700
MIDAC CO.,LTD. 30,500 1,684.00 51,362,000 1,800
NISSO CORPORATION 157,000 644.00 101,108,000 28,500
QB NET HOLDINGS CO.,LTD. 97,000 1,965.00 190,605,000 11,000
RPA HOLDINGS,INC. 178,600 748.00 133,592,800 37,700
SPRIX,LTD. 66,200 699.00 46,273,800 15,900
MANAGEMENT SOLUTIONS 101,900 1,267.00 129,107,300 28,900 CO.,LTD.
PRORED PARTNERS CO.,LTD. 31,600 5,300.00 167,480,000 17,500
AND FACTORY,INC 22,500 951.00 21,397,500 4,900
GEECHS INC. 24,000 1,211.00 29,064,000 16,700
CURVES HOLDINGS CO.,LTD. 646,100 583.00 376,676,300 44,000
FORUM ENGINEERING INC. 122,400 748.00 91,555,200 1,400
ADVANTAGE RISK 118,700 807.00 95,790,900 4,400
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MANAGEMENT CO.,LTD.
RELO GROUP,INC. 1,286,900 1,999.00 2,572,513,100 654,100
TOSHO CO.,LTD. 146,600 1,247.00 182,810,200 23,700
H.I.S.CO.,LTD. 366,900 1,638.00 600,982,200 257,800
LUCKLAND CO.,LTD. 54,600 2,094.00 114,332,400 11,200
KYORITSU MAINTENANCE 390,000 3,545.00 1,382,550,000 269,500 CO.,LTD.
ICHINEN HOLDINGS CO.,LTD. 263,600 1,210.00 318,956,000 37,500
CTI ENGINEERING CO.,LTD. 162,500 1,784.00 289,900,000 11,500
SPACE CO.,LTD. 152,600 917.00 139,934,200 6,000
CHODAI CO.,LTD. 93,600 1,085.00 101,556,000 23,900
SAN HOLDINGS,INC. 102,300 1,203.00 123,066,900 2,000
SUBARU ENTERPRISE 14,300 8,150.00 116,545,000 7,100 CO.,LTD.
TOKYO THEATRES 91,900 1,205.00 110,739,500 12,700 COMPANY,INCORPORATED
TANABE CONSULTING 45,200 1,283.00 57,991,600 CO.,LTD.
NAGAWA CO.,LTD 75,100 7,330.00 550,483,000 9,500
YOMIURI LAND.CO.,LTD. 51,100 3,525.00 180,127,500 1,600
TOKYOTOKEIBA CO.,LTD. 154,000 4,100.00 631,400,000 16,100
JOBAN KOSAN CO.,LTD. 94,300 1,400.00 132,020,000 14,100
KANAMOTO CO.,LTD. 385,200 2,379.00 916,390,800 25,000
TOKYO DOME CORPORATION 953,100 725.00 690,997,500 547,800
NISHIO RENT ALL CO.,LTD. 217,200 2,233.00 485,007,600 10,600
AGORA HOSPITALITY GROUP 1,508,200 32.00 48,262,400 22,900 CO.,LTD.
TRANSCOSMOS INC. 223,900 2,362.00 528,851,800 5,800
NOMURA CO.,LTD. 1,008,700 885.00 892,699,500 19,100
FUJITA KANKO INC. 102,700 1,560.00 160,212,000 71,400
KNT-CT HOLDINGS CO.,LTD. 146,300 959.00 140,301,700 100,800
NIPPON KANZAI CO.,LTD. 252,000 1,884.00 474,768,000 8,100
TOKAI CORP. 227,400 2,322.00 528,022,800 12,500
HAKUYOSHA COMPANY,LTD. 26,900 2,881.00 77,498,900 18,600
SECOM CO.,LTD. 2,498,300 9,396.00 23,474,026,800 50,000
CENTRAL SECURITY PATROLS 113,300 3,960.00 448,668,000 24,500 CO.,LTD.
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TANSEISHA CO.,LTD. 444,500 724.00 321,818,000 15,600
MEITEC CORPORATION 288,400 5,080.00 1,465,072,000 200
OYO CORPORATION 253,200 1,435.00 363,342,000 16,300
FUNAI SOKEN HOLDINGS 486,500 2,363.00 1,149,599,500 142,500 INCORPORATED
SHINGAKUKAI HOLDINGS 91,900 460.00 42,274,000 900 CO.,LTD.
OHBA CO.,LTD. 167,500 609.00 102,007,500 17,000
IDEA CONSULTANTS,INC. 57,400 1,988.00 114,111,200 2,000
GAKKYUSHA CO.,LTD. 68,600 1,118.00 76,694,800 100
BENESSE HOLDINGS,INC. 784,100 2,834.00 2,222,139,400 46,500
AEON DELIGHT CO.,LTD. 290,000 2,887.00 837,230,000 111,700
NAC CO.,LTD. 130,100 881.00 114,618,100 3,600
NICHIIGAKKAN CO.,LTD. 335,100 1,591.00 533,144,100
DAISEKI CO.,LTD. 394,700 2,551.00 1,006,879,700 61,300
STEP CO.,LTD. 86,100 1,533.00 131,991,300 3,300
Total 2,921,868,700 5,382,406,775,600
(2) Non-stock securities N/A
2 Schedule of Balances of Margin Transaction Contracts N/A 3 Amounts of Derivatives Transactions and Forward Exchange Transactions and Market Value Status These are stated in “Notes (Notes Regarding Derivative Transactions etc.)”.
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Interim financial statements (1) The Interim Financial Statements of the Fund are prepared in accordance with the Ordinance on Terminology, Forms and Preparation Methods of Interim Financial Statements, etc. (Ministry of Finance Ordinance No. 38 of 1977; hereinafter referred to as “ Interim Financial Statements Regulation”) and the Ordinance on Accountings of Investment Trust Property (Cabinet Office Ordinance No. 133 of 2000), pursuant to the provisions of Article 38-3 and Article 57-2 of the Interim Financial Statements Regulation. The Interim Financial Statements are recorded in Japanese yen.
(2) Pursuant to the provision of paragraph 1 of Article 193-2 of the Financial Instruments and Exchange Act, the Fund’s Interim Financial Statements for the interim calculation period under review (from July 9, 2020 to January 8, 2021) have been audited by PricewaterhouseCoopers Aarata.
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2. Current Status of the Fund The following is the current status of the Fund as of January 29, 2021. Listed Index Fund TOPIX Statement of calculation of net assets
I Total assets 7,748,414,809,760 yen II Total liabilities 983,639,720,615 yen III Net assets (I-II) 6,764,775,089,145 yen IV Number of outstanding units 3,636,499,083 units V Net assets per unit (III / IV) 1,860.24 yen
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I V. Outline of Administration of Domestic Investment Trust Beneficiary Certificates
(1) Title Transfer Except when the Management Company issues beneficiary certificates for unavoidable reasons, unitholders may not request to have their bearer beneficiary certificates converted to registered beneficiary certificates, or vice versa. (2) Special Privileges to Unitholders N/A (3) Restrictions on Transfers i) There are no restrictions on transfers. ii) Transfer of Units When transferring the Units he or she owns, a unitholder must submit a request for transfer to the Book-Entry Transfer Institution, Etc. that maintains a book-entry transfer account book in which the Units that the unitholder intends to transfer are listed or recorded. When a request referred to in the preceding paragraph is made, the Book-Entry Transfer Institution, Etc. lists or records a decrease in the number of Units owned by the unitholder making the transfer and an increase in the number of Units held by the transferee in the book-entry transfer account book that it maintains. However, in the event that the Book-Entry Transfer Institution, Etc. is not the institution that created the account to which the transfer is made, the Book-Entry Transfer Institution, Etc. shall inform the different book-entry transfer institution, etc. that opened the account of the transferee to which the transfer is made (and its upper-positioned institutions) to add an entry or record of the increase in the number of Units in the account of the transferee to which the transfer is made pursuant to the provisions of the Act on Book- Entry Transfer of Company Bonds, Shares, etc. In connection with the above-mentioned book-entry transfer, the Management Company may establish a day or a period of book-entry transfer suspension when it deems necessary or determines that unavoidable circumstances exist, such as when the Book-Entry Transfer Institution, Etc. that maintains the book-entry transfer account book in which the Units the unitholder intends to transfer is listed or recorded is different from the book-entry transfer institution, etc. that opened the account of the transferee to which the transfer is made. iii) Requirements for Perfection of the Transfer of Units The transfer of Units may not be asserted against the Management Company or the Trustee Company unless such a transfer is listed or recorded in the book-entry transfer account book. (4) Reissue of Beneficiary Certificates Unitholders may not request that their beneficiary certificates be reissued except when the Management Company issues such certificates for unavoidable reasons. (5) Subdivision the Units The Management Company may equally subdivide the Units outstanding as of a certain date upon consultation with the Trustee Company pursuant to the provisions of the Act on Book- Entry Transfer of Company Bonds, Shares, etc.
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(6) Handling of Units Listed or Recorded in the Pledge Column The payment of income dividends, acceptance of a request for an Exchange and delivery of exchanged shares (including Exchanges upon termination of the trust) in connection with the Units listed or recorded in the pledge column of the book-entry transfer account book of the Book-Entry Transfer Institution, Etc. are handled in accordance with the provisions of the trust deed, as well as those of the Civil Code and other laws and regulations.
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PART III. Information on the Management Company, Etc.
Please contact “[email protected]” for the consolidated financial statement.
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Trust Deed for Open-end Securities Investment Trust Listed Index Fund TOPIX
Article 1 (Type of Trust, Trustor and Trustee) 1. This Trust is a securities investment trust, having Nikko Asset Management Co., Ltd. as Trustor and Mitsubishi UFJ Trust and Banking Corporation as Trustee. 2. The Trust Act (Act No. 62 of 1922) applies to this Trust except for the matters of requirements for perfection of assets belonging to the trust assets.
Article 2 (Delegation of Trust Business) The Trustee may enter into a trust deed with a financial institution, which is licensed to operate a combined management of trust business under Article 1, Paragraph 1 of the Act on Provision, etc. of Trust Business by Financial Institutions, and pursuant to such deed, it may delegate part of the trust business to be dealt with for this Trust to such financial institution in the form of delegation of trust business as provided for in Article 26, Paragraph 1 of the Trust Act.
Article 3 (Purpose and Amount of Trust, Limitation on Additions to Trust Fund) 1. The Trustor shall deposit, and the Trustee shall accept, the amount of 9.97 billion yen (9,970,000,000 yen) to be held in trust in cash and securities for the purpose of making profits for and on behalf of the beneficiaries. 2. Upon agreement with the Trustee, the Trustor may make additions, either in cash or in securities, to the trust fund to a maximum limit of 30 trillion yen (30,000,000,000,000 yen), and in case of any such addition to the trust fund, the Trustee shall deliver a certificate of acceptance in writing to the Trustor. 3. Upon agreement with the Trustee, the Trustor may change the maximum limit specified in the preceding paragraph.
Article 4 (Trust Term) No term shall be set for this Trust; provided that this Trust may be terminated under Article 47, Paragraph 1 of Article 48, Paragraph 1 of Article 49 and Paragraph 2 of Article 51.
Article 5 (Offering for Sale of Beneficial Interests) The solicitation for sale of beneficial interests of this Trust shall be made through a public offering under Article 2, Paragraph 8 of the Act on Investment Trusts and Investment Corporations that shall fall under one form of the offerings for sale as provided for in Article 2, Paragraph 3, Item 1 of the Financial Instruments and Exchange Act of Japan.
Article 6 (Initial Beneficiaries) 1. The initial beneficiaries at the time of execution of the Trust Deed or at the time of an addition to the trust fund shall be the subscribers of beneficial interests designated as such by the Trustor, and their beneficial interests divided under Article 7 shall belong to such subscribers in proportion to their respective number of units subscribed. However, in accordance with the statement of operation procedures of the Financial Instruments Clearing Institution (the Financial Instruments Clearing Institution defined in Article 2, Paragraph 29 of the Financial Instruments and Exchange Act and hereinafter referred to as the "Clearing Institution") specified separately, when the Type 1 financial instruments business operator designated by the Trustor who accepted the subscription, applies to the Clearing Institution for assuming obligation of delivery or payment of equities pertaining to the acceptance of subscription and the Clearing Institution assumes this obligation, the initial beneficiaries at the time of an addition to the trust fund is the Clearing Institution. 2. In connection with the beneficiaries referred to in the preceding paragraph, the Trustee shall register its name or corporate name, address and any other matters specified by it in the register of beneficiaries set out in Article 21. The Trustee shall also separately register its personal number (meaning the personal number defined in Article 2-5 of the Act on the Use of Numbers to Identify a Specific Individual in Administrative Procedures; hereinafter the same) or corporate number (meaning the corporate number defined in Article 2-15 of the Act 134
on the Use of Numbers to Identify a Specific Individual in Administrative Procedures; hereinafter the same).However, Trustees that do not have a personal number or corporate number are prohibited from registering (the same shall apply in Article 21-1).
Article 7 (Division or Subdivision of Beneficial Interests) 1. The Trustor shall divide the beneficial interests set out in Paragraph 1 of Article 3 equally into the number of units obtained by dividing such interests by a value in yen equivalent to the closing price of TOPIX (any fraction less than a full yen being rounded up) on the business day immediately preceding the date of execution of the Trust Deed or the beneficial interests derived from any addition to the trust fund equally into the number of units added under Paragraph 1 of Article 8 upon each addition. 2. The Trustor may, upon consultation with the Trustee, equally subdivide the beneficial interests existing as at a given day in accordance with the provisions set forth in the Act on Book-Entry Transfer of Company Bonds, Shares, etc. (hereinafter referred to as the “Book- Entry Transfer Act”).
Article 8 (Additional Trust) 1. The Trustor shall, in principle, make an addition to the trust fund in this Trust with securities (excluding those in which no investment may be permitted under the Trust Deed); provided that if the aggregate of the value of such securities (i.e., the value calculated on the basis of the closing price reported on the business day immediately preceding the day on which the addition is made to the trust fund or any equivalent value calculated in any reasonable manner; the same shall apply hereinafter) is less than the value obtained by multiplying the net asset value per unit of the business day immediately preceding the day on which the addition is made to the trust fund by the number of the beneficial interests of such additional trust, then such addition to the trust fund shall be made in cash with respect to the resultant difference. 2. As regards the added trust fund (including the value of the securities placed in trust), a difference between the added amount and the amount equal to principal shall be treated as the difference of additional trust.
Article 9 (Calculation Method of Net Asset Value per Unit) For the purpose of the Trust Deed, the “Net Asset Value per Unit” means an amount calculated by dividing the total amount of assets of the trust assets obtained through assessment at the current market price of such assets (excluding collateral securities) belonging to the trust assets in accordance with the relevant laws and regulations as well as the rules of The Investment Trusts Association, Japan, less the total amount of liabilities, (hereinafter referred to as the “Total Net Asset Value”) by the total number of the beneficial interests as of the calculation date and by rounding to the nearest figure of one-tenth of a yen.
Article 10 (Description of Beneficial Interests with Different Trust Dates) The beneficial interests in this Trust shall not be treated differently depending on the different trust dates.
Article 11 (Attribution of Beneficial Interests and Non-issuance of Beneficiary Certificates) 1. The provisions of the Book-Entry Transfer Act shall apply to the beneficial interests in this Trust from January 4, 2008. The attribution of beneficial interests which are added to the trust fund on or after the same date shall be determined by entry or record in a book-entry transfer account book of a book-entry transfer institution agreed by the Trustor to deal with the beneficial interests in this investment trust in advance (which refers to the “Book-Entry Transfer Institution” as defined in Article 2 of the Book-Entry Transfer Act; hereinafter referred to as the “Book-Entry Transfer Institution”) and any account management institution subordinate to such Book-Entry Transfer Institution (“account management institution” as defined in Article 2 of the Book-Entry Transfer Act; including the Book-Entry Transfer Institution, hereinafter referred to as the “Book-Entry Transfer Institution, Etc.”) (beneficial interests determined by entry or record in a book-entry transfer account book shall be hereinafter referred to as the “Book-Entry Transfer Beneficial Interests”).
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2. The Trustor shall not issue beneficiary certificates representing the Book-Entry Transfer Beneficial Interests when the designation of the Book-Entry Transfer Institution dealing with the beneficial interests in this Trust by the Minister in charge is cancelled by the provisions of the Book-Entry Transfer Act or when such designation becomes invalid, except for the cases where there exists no one who succeeds to the transfer business of such Book- Entry Transfer Institution or there are other unavoidable circumstances. In addition, beneficiaries shall not make a request to convert their bearer beneficiary certificates into registered beneficiary certificates, or convert their registered beneficiary certificates into bearer beneficiary certificates, or reissue beneficiary certificates unless the Trustor issues beneficiary certificates due to unavoidable circumstances. 3. The Trustor shall, as regards the beneficial interests divided by the provisions of Article 7, notify the Book-Entry Transfer Institution of the matters provided for in the Book-Entry Transfer Act for a new entry or record in a book-entry transfer account book of the Book- Entry Transfer Institution, Etc. The Book-Entry Transfer Institution, Etc. shall, if there is a notification from the Trustor to the Book-Entry Transfer Institution, make a new entry or record in the book-entry transfer account book managed by the Book-Entry Transfer Institution, Etc. in accordance with the provisions of the Book-Entry Transfer Act. 4. The Trustor may apply for entry or record of the beneficial interests in this Trust in the transfer acceptance book for and on behalf of the beneficiaries and shall, in principle, apply for entry or record of all of the beneficial interests in this Trust as of December 28, 2007 (such beneficial interests are those whose record of exchange in the trust assets has already been finished and include those whose distribution date of shares in relation to such exchange is on or after January 4, 2008) in the transfer acceptance book on January 4, 2008 for and on behalf of the beneficiaries. However, as regards the beneficiary certificates that have not been entered or recorded in the participant account book and the beneficial interests related to the beneficiary certificates not held in a custody account in the central securities custody and book-entry transfer system, the Trustor shall make such application after it confirms such beneficiary certificates during the trust term. The beneficiary certificates relating to the beneficial interests entered or recorded in the transfer acceptance book shall become invalid and they shall become the Book-Entry Transfer Beneficial Interests by such entry or record. In addition, the Trustor may, when applying for entry or record of the beneficial interests in this Trust in the transfer acceptance book for and on behalf of the beneficiaries, delegate the procedure of such application to a Type 1 financial instruments business operator designated by the Trustor (which refers to a person who conducts the Type 1 financial instruments business provided for in Article 28, Paragraph 1 of the Financial Instruments and Exchange Act designated by the Trustor; the same shall apply hereinafter) or a member of a financial instruments exchange as an account management institution (which refers to a financial instruments exchange prescribed in Article 2, Paragraph 16 of the Financial Instruments and Exchange Act and a foreign financial instruments market prescribed in Article 2, Paragraph 8, Item 3-b of the Financial Instruments and Exchange Act; the same shall apply hereinafter).
Article 12 (Notification by Trustee of Creation of Beneficial Interests) The Trustee shall notify the Trustor that an addition to the trust fund has been made when the Trustee receives notification of the acceptance or transfer of the shares associated with such addition to the trust fund (including the amount equal to the value of the equities of the issuing company, etc. set forth in Paragraph 1 of Article 13). However, as provided by the statement of operation procedures of the Clearing Institution set forth in the proviso to Article 6, when the Clearing Institution assumes obligation of delivery or payment of the equities to the Trustor, Trustee shall, at the direction of the Trustor, notify the Book-Entry Transfer Institution that an addition to the trust fund has been made, regardless of whether or not the Trustee received notification of the acceptance or transfer of the equities.
Article 13 (Subscription Method, Unit of Beneficial Interests and Value of Beneficial Interests) 1. Subscription shall be made by applicants with the equities held by them against the Type 1 financial instruments business operator designated by the Trustor. In this case, the equities for the subscription shall be those in the constituent shares of TOPIX in the same constituent ratio as TOPIX; provided that if the applicant is an issuing company or any of its subsidiaries (which refer to those as set forth in Article 2, Item 3 of the Companies Act;
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hereinafter referred to as the “Issuing Company, Etc.,” including the issuing company) of the stock issues included in TOPIX, subscription may be made in cash with respect to the subscription in an amount equal to the value of the equities of the Issuing Company, Etc. to be included in such subscription. 2. The Type 1 financial instruments business operator designated by the Trustor may deal for the applicant with the subscription for the beneficial interests divided pursuant to the provision of Article 7, Paragraph 1 in the unit of the minimum subscription number (which is to be determined by the Trustor as the number equal to an amount multiplied by the value of beneficial interests being equivalent to the aggregate value of the unit shares (which refer to all of such numbers of respective constituent shares of TOPIX as specified by the Trustor; the same shall apply hereinafter) on the subscription date). 3. The applicant referred to in the preceding paragraph shall indicate an account of the Book- Entry Transfer Institution, Etc. used for the transfer of beneficial interests for the Trust established for the applicant to the Type 1 financial instruments business operator designated by the Trustor at the time of or prior to the subscription in which the increase in the number of units of the applicant is described or recorded. The Type 1 financial instruments business operator designated by the Trustor may describe or record the increase in the number of units of the applicant in the account in exchange for delivery or payment of the unit shares required for the application for subscription (including the amount equal to the value of the equities of the Issuing Company, Etc. set forth in Paragraph 1 above. The same applies hereinafter in this section). As provided by the business methods of the Clearing Institution set forth in the proviso to Article 6, when the Type 1 financial instruments business operator designated by the Trustor who accepted the subscription, applies to the Clearing Institution for assuming obligation of delivery or payment of the unit shares to the Trustor which is associated with the acceptance of subscription and the Clearing Institution assumes this obligation, the increase in the number of units is entered or recorded in the account of the Clearing Institution with the Book-Entry Transfer Institution, The entry or recording of the increase in the number of units in the account with a Book-Entry Transfer Institution, etc. opened by the subscription applicant for its own to transfer of beneficiary interests of this Trust will be made through the book-entry transfer institution, etc. between the Clearing Institution and a Type 1 financial instruments business operator designated by the Trustor (Including financial instruments business operators or registered financial institutions that act as clearing agents for the securities etc. if the clearing of securities, etc. is delegated by the Type 1 financial instruments business operator designated by the Trustor and is executed under Article 2, Paragraph 27 of the Financial Instruments and Exchange Act when the Type 1 financial instruments business operator designated by the Trustor applies to the Clearing Institution for assuming obligation). 4. Notwithstanding the provisions set forth in Paragraph 2 above, if the day on which application for subscription is made falls under any of the following items, the Type 1 financial instruments business operator designated by the Trustor shall not handle such application, in principle: 1) During the three (3) business days from the business day immediately preceding ex right date (excluding ex dividend date) for the relevant constituent shares of the TOPIX; 2) During the six (6) business days from the day which is three (3) business days prior to the day on which the number of shares has been changed as a result of a change in the constituent shares of the TOPIX or a change in the number of shares due to an increase or decrease in capital, etc.; 3) During the two (2) business days from the day which is two (2) business days prior to the last day of each calculation period set forth in Article 34 hereof (if the last day of the calculation period is a holiday, then during the three (3) business days from the day which is three (3) business days prior to the last day of each calculation period); 4) During the five (5) business days immediately preceding the termination date of the Trust if it is to be terminated; or 5) In addition to the above items, if the Trustor considers that there have occurred any unavoidable events that might hinder management in accordance with the basic policies for management as provided for in each item in Article 24 hereof.
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5. The value of beneficial interests as referred to in Paragraph 2 above shall be the Net Asset Value per Unit as of the subscription date; provided that the value of the beneficiary certificates subscribed prior to the day when the Trust Deed is executed shall be the price per unit in yen (any fraction less than a full yen to be rounded up) equal to the closing price of TOPIX on the business day immediately preceding such day. 6. The applicant shall satisfy an amount of the difference, if any, resulting from the total of the aggregate value of the equities of the subscription set out in Paragraph 1 and the cash set out in the proviso thereto being less than an amount obtained by multiplying the value of beneficial interests by the number of units subscripted as set out in the preceding paragraph. 7. At the time of its acceptance of subscription, the Type 1 financial instruments business operator designated by the Trustor may charge the applicant its own specified fees and the consumption and local taxes (hereinafter referred to as the “Consumption Tax, Etc.”) thereon. 8. In the event of an applicant being the Issuing Company, Etc. of the constituent shares of TOPIX, the Type 1 financial instruments business operator designated by the Trustor which has accepted the subscription shall notify the Trustor of the name of the applicant and the number of units subscribed by it at the time of the acceptance thereof (including any such case as the Type 1 financial instruments business operator makes subscription on its own behalf if it falls under the Issuing Company, Etc. of the constituent shares of TOPIX; the same shall apply in the next paragraph). 9. Should any damage occur to the trust assets, etc. in the absence of such notice as set out in the preceding paragraph at the time of the subscription, the Type 1 financial instruments business operator which has accepted it shall be liable for such damage. 10. Notwithstanding the provisions of each of the preceding paragraphs, the Trustor shall be entitled to suspend the acceptance of subscriptions of beneficial interests or cancel the subscriptions thereof already made when there are unavoidable circumstances such as a suspension of trading or suspension of the settlement function on the relevant financial instruments exchange.
Article 14 (Listing on Financial Instruments Exchange) 1. The Trustor shall apply for listing of the beneficial interests in the Trust (which are represented by beneficiary certificates before January 4, 2008; the same shall apply to the provisions of this Article) on a financial instruments exchange, which shall be listed on the market established by the exchange upon approval given by it in accordance with its specified rules and regulations. 2. In the event of the beneficial interests in the Trust being listed on any financial instruments exchange as set out in the preceding paragraph, the Trustor shall comply with the rules and regulations defined by the exchange as well as with such delisting or suspension of trading or any such other action as may be taken for the beneficial interests by the exchange under its rules and regulations.
Article 15 (Entries or Records in the Transfer of Beneficial interests) 1. If a beneficiary transfers its beneficial interests, the beneficiary shall make a request of transfer to the Book-Entry Transfer Institution, Etc. managing the book-entry transfer account book in which the beneficial interests to be transferred are listed or recorded. 2. In the case of the above-mentioned request, the Book-Entry Transfer Institution, Etc., shall describe or record the decrease of the beneficial interests held by the beneficiary as well as the increase of the beneficial interests held by the transferee in the book-entry transfer account book managed by the Book-Entry Transfer Institution, Etc. Provided, however, that if the transferee account is not established by the Book-Entry Transfer Institution, Etc., it shall notify the other Book-Entry Transfer Institution, Etc. which has established the transferee account (including upper positioned institutions of such other Book-Entry Transfer Institution, Etc.) pursuant to the Book-Entry Transfer Act thereof to ensure that it describes or records the increase of the beneficial interests in the transferee account. 3. Upon conducting the transfer set forth in Paragraph 1, the Trustor may implement a transfer suspension date or transfer suspension period as deemed necessary or if it judges that there are unavoidable circumstances, such as the case where the Book-Entry Transfer Institution, Etc. managing the book-entry transfer account book in which the beneficial interests to be transferred are listed or recorded differ from the Book-Entry Transfer Institution, Etc. which have established the transferee account.
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Article 16 (Requirements for Perfection of Transfer of Beneficial Interests) The transfer of beneficial interests may not be asserted against the Trustor or Trustee unless listed or recorded in the book-entry transfer account book under the provisions of the preceding Article.
Article 17 (Reissue of Bearer Beneficiary Certificates) (Deleted)
Article 18 (Reissue of Registered Beneficiary Certificates) (Deleted)
Article 19 (Reissue When Beneficiary Certificates Are Defaced, Etc.) (Deleted)
Article 20 (Expense of Reissue of Beneficiary Certificates) (Deleted)
Article 21 (Preparation of Register of Beneficiaries and Registration of Beneficiaries) 1. The Trustee shall prepare a register of beneficiaries for the Trust and register the holders of beneficial interests notified by the Book-Entry Transfer Institution pursuant to the Book- Entry Transfer Act, any relevant laws, regulations and rules as of the last day of the calculation period by entering its name or corporate name, address and any other matters specified by it in the register of beneficiaries as the beneficiaries of the beneficial interests listed or recorded in the book-entry transfer account book managed by the Book-Entry Transfer Institution, Etc. The Trustee shall also separately register its personal number or corporate number. However, regarding the payment of income distributions prescribed in Article 39-2, it is prohibited to register the personal number or corporate number of beneficiaries that are issued beneficiary certificates via the payment handlers defined in Article 9, Paragraph 3(2)-1 of the Special Taxation Measure Act. The Trustee, however, may enter into a delegation contract with another securities agency company or any such other party as it may deem eligible to delegate the preparation of the register to such company or party. 2. Any beneficiary holding bearer certificates may request its name to be entered in the register referred to in Paragraph 1 through a member of the relevant financial instruments exchange (who is an account management institution; the same shall apply hereinafter). In this case, such member may charge the beneficiary its own specified fees and the Consumption Tax, Etc. thereon; provided that securities and financial companies may affect any such entry as set out in the preceding paragraph directly to the Trustee (or the party to which the Trustee has delegated the preparation of the register as set out in Paragraph 1 above). 3. The registration of beneficiaries set out in the preceding paragraphs shall be suspended for a period of fifteen (15) days from the day next following the last day of each calculation period specified in Article 34. If the Trust is terminated, such registration shall also be suspended for a period of five (5) business days immediately prior to the date of termination of the Trust. 4. For the beneficiaries as of the date of the execution of these Trust Deed and beneficiaries of additional trusts prior to January 4, 2008, beneficiary certificates shall be issued after making the registration set out in Paragraph 1. The beneficiaries of additional trusts after January 4, 2008 shall be entered or recorded in the book-entry transfer account book managed by the Book-Entry Transfer Institution, Etc. after making the registration set out in Paragraph 1.
Article 22 (Types of Assets in Which the Trust May Invest) The types of assets in which this Trust may invest (which refer to such specific assets as provided for in each item of Article 3 of the Order for Enforcement of the Act on Investment Trusts and Investment Corporations) shall be as listed below: 1) Securities; 2) Interests in derivatives transactions (as defined in Article 2, Paragraph 20 of the Financial Instruments and Exchange Act and provided for in Article 26 hereof); and 3) Monetary claims.
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Article 22-2 (Restrictions on investment regarding derivative transactions, etc.) The derivative transactions shall be such that the amount calculated in a reasonable manner pursuant to the rules of the Investment Trusts Association, Japan does not exceed the total net asset value of the trust asset.
Article 23 (Scope of Investment Instructions) 1. The Trustor shall give instructions so that the trust funds are invested primarily in equities. 2. Notwithstanding the provisions of the preceding paragraph, the Trustor may give instructions so that the trust funds are invested in the securities (excluding the rights deemed as securities provided for in Article 2, Paragraph 2 of the Financial Instruments and Exchange Act) and financial instruments (including the rights deemed as securities provided for in each of the items of Article 2, Paragraph 2 of the Financial Instruments and Exchange Act) other than equities listed below when the Trustor deems it necessary to do so in investment management to cope with the creation, cancellation or redemption of this Trust or for the purpose of taking appropriate measures against any change in the investment environment or otherwise: 1) Deposits; 2) Beneficiary certificates for designated money trusts (limited to the beneficiary certificates for the trusts issuing beneficiary certificates as defined in Article 2, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act); 3) Designated money trusts (excluding the trusts issuing beneficiary certificates as defined in Article 2, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act); and 4) Call loans.
Article 24 (Basic Policies for Investment Management) The Trustor shall give instructions concerning management of the trust assets based upon the basic policies as described in each of the following items: 1) This Trust invests in the constituent shares of TOPIX and seeks to achieve a performance tracking TOPIX. 2) In each of the following events, the Trustor may give instructions to adjust the composition of the trust assets pursuant to the basic policy as described in Item 1. above: a. If the calculation method of TOPIX has been changed; b. If the market capitalization of any of the constituent shares of TOPIX has been revised reflecting a change in the constituent shares of TOPIX, capital movements, etc.; c. If any instruction is given for making additional trust and exchange of beneficial interests for shares; or d. If the Trustor otherwise deems necessary to maintain close tracking to TOPIX. 3) In order to achieve a closer tracking to TOPIX, the Fund may execute securities index futures trading, etc. set forth in Article 26 hereof according to the funds movement. 4) In the event of terminating the Trust, investment management as described in each item above may be impracticable. 5) No restriction shall be placed on the ratio of shares in the investment portfolio, in principle. 6) No investment shall be made in foreign currency-denominated assets. 7) Equity, debt, and derivative are the categories of exposures prescribed in the rules of The Investment Trusts Association, Japan. With regard to the exposures, in principle, the individual category’s exposure to a certain interest counterparty, the kind of a counterparty prescribed in the rule, shall not exceed 10% of the total net asset value of the trust assets. And all the categories’ exposure to a certain counterparty shall not exceed 20%. If the ratio exceeds the limit, the Trustor shall carry out adjustment to keep within the limit pursuant to the rules of The Investment Trusts Association, Japan.
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Article 25 (Scope of Equities to Invest In) The Trustor shall give instructions to invest in equities issued by the Issuing Companies whose equities are included in TOPIX, except for those equities acquired by way of allotment to shareholders.
Article 26 (Instructions, Purpose and Scope of Futures Trading, Etc.) The Trustor may give instructions to execute trading similar to TOPIX futures and options trading on financial instruments exchanges in Japan as well as trading similar to TOPIX futures and options trading on foreign financial instruments exchanges.
Article 27 (Instructions for and Scope of Lending of Securities) 1. For efficient management of the trust assets, the Trustor may give instructions for lending of any equities attributable to the trust assets to the extent specified in Paragraph 2 below. 2. Any such lending of equities as set forth in the preceding paragraph shall be such that the total market price of the equities to be lent shall not exceed the total market price of the equities held in the trust assets at the time of lending. 3. In the event that the relevant lending is made in excess of the amount of the limit specified in the preceding paragraph, the Trustor shall immediately give instructions for cancellation of such part of the loan agreement as equivalent to the amount in excess. 4. The Trustor shall give instructions for the acceptance of any collateral on the lending of equities if it deems it necessary to do so at the time of the lending.
Article 27-2 (Delegation of Trust Business, Etc.) 1. When the Trustee entrusts part of the trust business as defined in Article 22, Paragraph 1 of the Trust Business Act upon consultation with the Trustor, the Trustee shall select a person who meets all of the following requirements (including an interested person of the Trustee (as defined in Article 29, Paragraph 2, Item 1 of the Trust Business Act applied mutatis mutandis pursuant to the Act on Provision, etc. of Trust Business by Financial Institutions; the same shall apply hereinafter)) as the person to whom such trust business is delegated. 1) In light of the credibility of the person to whom such trust business is delegated, there is no concern for the continuous performance of the business by the person. 2) In light of the person’s past performance in the business to be delegated, the person is deemed to have the ability to properly process the business to be delegated. 3) When delegating the custody, etc. of the trust assets, the person has a system to classify and manage the trust assets. 4) The person has a system to properly carry out the business related to internal management. 2. The Trustee shall, in selecting a person to whom such trust business is delegated provided for in the preceding paragraph, confirm that the person meets the requirements set forth in each of the items of the preceding paragraph. 3. Notwithstanding Paragraph 2 above, the Trustee may delegate the business set forth in each of the following items (to the extent that it requires no discretion) to a person (including an interested person of the Trustee) deemed to be appropriate by both the Trustee and Trustor: 1) The business concerning the maintenance of the trust assets; 2) The business for the use or improvement of the trust assets to the extent it does not change the nature of the trust assets; 3) The business related to the activities required for the disposal of the trust assets or achievement of other trust objectives carried out solely under the instructions of the Trustor; and 4) The activities to provide support functions for the Trustee to carry out its business.
Article 28 (Custody of Equities) (Deleted)
Article 29 (Retention, Etc. of Registration, Entry, Etc. of Trust Assets) 1. The trust assets, the registration or recording of which is possible, shall be registered or recorded. However, registration or recording of trust assets may be suspended if the suspension is approved by the Trustee.
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2. Notwithstanding the proviso in the preceding paragraph, when the Trustor or the Trustee deems it necessary to protect the beneficiaries, registration or record shall be made immediately. 3. The trust assets that can be listed or recorded as being attributable to the trust assets shall be listed or recorded as being attributable to the trust assets and shall be classified and managed by a method to clarify the calculation. However, when the Trustee permits, it may be classified and managed in a way that clarifies the calculation method. 4. Personal property (excluding money) may be classified and managed in a way that makes it distinguishable by outward appearance or a way that clarifies the calculation method.
Article 30 (Instructions for Sale, Etc. of Securities) The Trustor may give instructions for sale, etc. of any securities attributable to the trust assets.
Article 31 (Instructions for Reinvestment) The Trustor may give instructions to reinvest any proceeds from such sale as set forth in the provisions of the preceding Article, any distributions on settlement of equities, dividends on equities and any other accounts receivable.
Article 32 (Attribution of Profit and Loss) Any profit or loss of the trust assets resulting from any act taken in accordance with the Trustor’s instructions shall be attributable to the beneficiaries.
Article 33 (Advance Payment of Funds by the Trustee) 1. With respect to any securities attributable to the trust assets, the Trustee may, upon request of the Trustor, make advance payment of funds in the event of new shares being issued. 2. If there exist any distributions on settlement of equities, dividends on equities and other accounts receivable belonging to the trust assets, the amount of which can be estimated on or prior to the termination date of the Trust, the Trustee may make advance payments and transfer these accounts to the trust assets. 3. Matters concerning settlement of, and interest on, the advance payments made under the preceding two paragraphs shall be determined separately on a case-by-case basis through consultations between the Trustor and the Trustee.
Article 34 (Calculation Period of Trust) The calculation period of this Trust shall begin on July 9 of each year and end on July 8 of the following year; provided, however, that the first calculation period shall begin on December 20, 2001 and end on July 8, 2002 and that the termination date of the final calculation period shall be the termination date of the trust term provided for in Article 4 hereof.
Article 35 (Reports on Trust Assets) 1. The Trustee shall calculate profits and losses at the end of each calculation period, prepare a report on the trust assets and submit it to the Trustor. 2. At the termination of the Trust, the Trustee shall make final calculations, prepare a report on the trust assets and submit it to the Trustor.
Article 36 (Expenses for Trust Business) Any and all taxes imposed on the trust assets, expenses resulting from conducting trust business, interest on the advance payments made by the Trustee, audit expenses of the financial documents on the trust assets as well as Consumption Tax, Etc. on such expenses (hereinafter referred to as “Expenses,” which may include expenses for listing of beneficial interests as well as royalties on TOPIX and any other indexes and Consumption Tax, Etc. on such royalties) shall be borne by the beneficiaries and paid out of the trust assets.
Article 37 (Amount of Trust Fees, Etc.) 1. The aggregate amount of the trust fees for the Trustor and the Trustee shall be the total of the amounts calculated in each of the following items:
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1) An amount obtained by multiplying the Total Net Asset Value of the trust assets by 22/10,000 per annum or less for each day throughout the calculation period set out in Article 34; and 2) When the instruction of the lending of securities set out in Article 27 is given, an amount of 50/100 or less of the lending commission. 2. The trust fees provided for in the preceding paragraph shall be paid out of the trust assets at the end of each calculation period or at the time of termination of the Trust, and the allotment of such fees between the Trustor and the Trustee shall be determined separately. 3. An amount equal to Consumption Tax, Etc. on the trust fees set out in Paragraph 1 shall be paid out of the trust assets at the time of paying such trust fees.
Article 38 (Income Distributions) 1. With respect to income such as dividends derived from the trust assets (meaning a sum of dividends, interest, lending commissions on securities loaned and any similar income less interest payable; the same shall apply hereinafter) plus reserve for distributions carried over from the preceding period, the remaining amount after deducting the Expenses, trust fees and Consumption Tax, Etc. on such trust fees as at the end of each calculation period and also covering in full a deficiency in reserve for distributions carried over from the preceding period (if any) shall be distributed to the beneficiaries; provided, however, that if the balance obtained after the above deduction and covering is reserved, in part or in whole, in the trust assets to adjust the income distribution amount, such sum may be retained as a reserve for distributions to apply it to the distributions in the next period and thereafter. In addition, if the sum of the Expenses, trust fees and Consumption Tax, Etc. on such trust fees as well as a deficiency in reserve for distributions may not be deducted in full, the amount not deducted shall be carried over to the next period as a deficiency in reserve for distributions. 2. The sum of the income as listed in 1) below derived from the trust assets as at the end of each calculation period shall, if there is any net operating loss carryforward after deducting the loss as listed in 2) below, be carried over to the next period after covering the amount in full. 1) Gains on trading of securities (including their unrealized gains), gains on trading of futures, etc. (including their unrealized gains), gains on additional trust creations and gains on exchanges; 2) Losses on sales of securities (including their unrealized losses), losses on the trading of futures, etc. (including their unrealized losses), losses on additional trust creations and losses on exchanges.
Article 39 (Payment of Income Distributions) 1. With the persons whose names have been registered in the register of beneficiaries set out in Article 21 as of the day on which the calculation period ends as the beneficiaries as of the day on which the calculation period ends (hereinafter referred to as the “Beneficiaries Whose Names Have Been Registered”), income distributions shall be paid to such Beneficiaries Whose Names Have Been Registered. After the payment of income distributions to the Beneficiaries Whose Names Have Been Registered, even if the Beneficiaries Whose Names Have Been Registered are different from the holders of beneficial interests even after the transition to the book-entry transfer system as of the day on which the calculation period ends, the Trustee shall not be liable for the payment of income distributions to such holders and any other damages. 2. The payment of the income distributions as set forth in the preceding paragraph shall be made by the Trustee in principle on the day specified by the Trustor within forty (40) days after the day on which each calculation period ends by transferring such income distributions to the deposit account, etc. designated in advance by the Beneficiaries Whose Names Have Been Registered. In addition, when the Beneficiaries Whose Names Have Been Registered have entered into a separate agreement on the handling of income distributions with the members provided for in Article 21, Paragraph 2, the income distributions shall be paid in accordance with such agreement. 3. The Trustee may delegate the payment of the income distributions to the party to which the preparation of the register of beneficiaries has been delegated in accordance with the provisions of Paragraph 1 of Article 21 hereof.
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Article 40 (Prescription Period for Payment of Income Distributions and for Exchange of Equities or Payment of Repurchase Proceeds upon Termination of Trust) Beneficiaries shall, with respect to income distributions, lose their right if they fail to claim the payment of the income distributions within five (5) years from the date of commencement of payment thereof specified in Paragraph 2 of the preceding Article or to claim the exchange of equities or the payment of the proceeds from repurchase of equities upon termination of Trust within ten (10) years from the date of termination of trust, and such right shall revert to the Trustor thereafter.
Article 41 (Partial Cancellation) In connection with their beneficial interests, beneficiaries may not request the partial cancellation of this Trust during the trust term.
Article 42 (Exchange of Beneficial interests for Equities Attributable to Trust Assets) 1. Beneficiaries shall be entitled to request the Trustor to exchange their beneficial interests for the equities of their interests in the trust assets (hereinafter referred to as the “Exchange”) in an integral multiple of the minimum number of units for an Exchange request during a period from March 4 to March 20, 2002 and at any time after July 9, 2002. 2. The minimum number of units for an Exchange request referred to in the preceding paragraph shall be the number of units specified by the Trustor as the value obtained by multiplying the relevant number of units by the Net Asset Value per Unit on the Exchange request date being equal to the aggregate value of unit shares on such date. 3. Notwithstanding the provisions set forth in Paragraph 1 above, the Trustor shall accept no Exchange request if the Exchange request date falls on any day of the following: 1) During the three (3) business days from the business day immediately preceding ex right date (excluding ex dividend date) for the relevant constituent shares of the TOPIX; 2) During the six (6) business days from the day which is three (3) business days prior to the day on which the number of shares has been changed as a result of a change in the constituent shares of the TOPIX or a change in the number of shares due to an increase or decrease in capital, etc.; 3) During the two (2) business days from the day which is two (2) business days prior to the last day of each calculation period set forth in Article 34 hereof (if the last day of the calculation period is a holiday, then during the three (3) business days from the day which is three (3) business days prior to the last day of each calculation period); 4) During the five (5) business days immediately preceding the termination date of the Trust if it is to be terminated; and 5) In addition to the above items, if the Trustor considers that there have occurred any unavoidable events that might hinder management in accordance with the basic policies for management as provided for in each item in Article 24 hereof. 4. In the event of an Exchange request being made by a beneficiary under Paragraph 1, the beneficiary shall make such request with its Book-Entry Transfer Beneficial Interests to the Type 1 financial instruments business operator designated by the Trustor; provided that in the event of an Exchange request which results in the delivery of equities (after the transfer to the book-entry transfer system of equities, delivery refers to entry or record in the account with the Book-Entry Transfer Institution, Etc.; the same shall apply hereinafter) to the beneficiary on or after January 4, 2008 being made prior to January 4, 2008, such a request shall be made with beneficial interests that are ensured to be the Book-Entry Transfer Beneficial Interests. 5. The Type 1 financial instruments business operator designated by the Trustor who accepted the exchange set forth in Paragraph 1 shall conduct the procedures for the cancellation in accordance with the methods prescribed by the Book-Entry Transfer Institution. As provided by the statement of operation procedures of the Clearing Institution set forth in the proviso to Article 6, the Type 1 financial instruments business operator designated by the Trustor applies to the Clearing Institution for assuming obligation of delivery of Book-Entry Transfer Beneficial Interests to the Trustee and the Clearing Institution assumes this obligation, the Clearing Institution shall conduct the procedures for the cancellation of Book-Entry Transfer Beneficial Interests. The Book-Entry Transfer Institution shall make a cancellation of the same number of Book-Entry Transfer Beneficial Interests as the beneficial interests required
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for the exchange specified in Article 43, Paragraph 2, and the decrease in the number of units pertaining to the beneficiary who made the request for the exchange in Paragraph 1 is entered or recorded in the account with the Book-Entry Transfer Institution, Etc. pursuant to the provisions of the Book-Entry Transfer Act after the procedures for such cancellation and the request for the transfer of the exchanged equites prescribed in Article 43, Paragraph 3 were executed. 6. The Trustee shall, in accordance with the Exchange instruction by the Trustor set out in Paragraph 7, treat the Book-Entry Transfer Beneficial Interests required for the Exchange as being accepted and cancelled by the cancellation procedure for the book-entry transfer account book and confirmation of the cancellation set out in Paragraph 8. 7. Upon acceptance of the Exchange request referred to in Paragraph 1 above, the Trustor shall give instructions to exchange the relevant beneficial interests for any of the equities in the trust assets in accordance with Article 43. 8. The Trustor shall treat the same number of beneficial interests as the Book-Entry Transfer Beneficial Interests to be cancelled by the Exchange as invalid from the business day immediately following the Exchange request date, and the Trustee shall confirm that the Book-Entry Transfer Beneficial Interests related to the beneficial interests have been cancelled on the date of the transfer to the exchanged equities. 9. At the time of the Exchange under Paragraph 1 above, the Type 1 financial instruments business operator designated by the Trustor may charge an amount equivalent to its own established fees and the Consumption Tax, Etc. thereon. 10. The number of equities of individual issues which the beneficiary is entitled to acquire through the Exchange shall be the number in an integral multiple of unit shares determined by the relevant financial instruments exchange, calculated on the basis of the Net Asset Value per Unit on the Exchange request date. 11. Notwithstanding the preceding paragraph, if the beneficiary who has made an Exchange request is the Issuing Company, Etc. of the equities for Exchange, the Trustor shall give instructions to exchange the beneficial interests remaining after the deduction of the number of beneficial interests in an amount equal to the aggregate value of the equities of the Issuing Company, Etc. from the number of beneficial interests the Exchange request for which has been accepted for the equities (excluding equities of the Issuing Company, Etc.) in an integral multiple of the trading unit on the exchange. 12. The Trustor shall be entitled to suspend the acceptance of Exchange requests made under Paragraph 1 or cancel the Exchange requests already accepted if it determines that the management of trust assets according to the basic management policy set out in Article 24 may be hindered for some reason, such as a suspension of trading or suspension of the settlement function on the relevant financial instruments exchange. 13. In the event of the acceptance of Exchange requests being suspended as set out in the preceding paragraph, the relevant beneficiary may withdraw its Exchange request on the day when the acceptance is suspended; provided that unless the beneficiary withdraws its request, the Trustor shall treat such request as if it was accepted on the first calculation date of the Net Asset Value per Unit immediately after such suspension is lifted.
Article 43 (Instructions, Etc. on Exchange of Beneficial Interests for Equities in Trust Assets) 1. If the Trustor has accepted a request from a beneficiary made pursuant to Paragraph 1 of the preceding Article by presenting the Trustor the Book-Entry Transfer Beneficial Interests in an integral multiple of the minimum number of an Exchange request, the Trustor shall calculate the number of equities of individual issues which a beneficiary is entitled to acquire as well as the number of beneficial interests required for the Exchange based on the number of the Book-Entry Transfer Beneficial Interests presented by the beneficiary. 2. The Trustor shall instruct the Trustee to exchange the same number of Book-Entry Transfer Beneficial Interests as the beneficial interests required for Exchange as set out in the preceding paragraph for those equities of unit shares in the trust assets; provided that if the beneficiary who has made an Exchange request is the Issuing Company, Etc. of the equities for the Exchange, the Trustor shall not so instruct as to such equities of the Issuing Company, Etc. 3. The Trustee shall, after confirming that an application for cancellation of the Book-Entry Transfer Beneficial Interests having been provided to it for Exchange has been accepted by the Book-Entry Transfer Institution, Etc., make a request for transfer to the Book-Entry
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Transfer Institution, Etc. to issue equities to the Type 1 financial instruments business operator designated by the Trustor to which the request set out in Paragraph 1 of the preceding Article has been made by the beneficiary following the instruction by the Trustor in accordance with the methods prescribed by the Book-Entry Transfer Institution. However, as provided by the statement of operation procedures of the Clearing Institution set forth in the proviso to Article 6, when the Type 1 financial instruments business operator designated by the Trustor who accepted the exchange, applies to the Clearing Institution for assuming obligation of delivery of Book-Entry Transfer Beneficial Interests to the Trustor and the Clearing Institution assumes this obligation, the Trustee shall make a request for the transfer of the exchanged equities belonging to the Trust Asset in accordance with the instruction of the Trustor and the methods prescribed by the Book-Entry Transfer Institution, notwithstanding the procedures set forth in Paragraph 5 of the preceding article. When delivering the exchanged equities to the beneficiary, as a general rule, an increase in the number of equities pertaining to the beneficiary who made the request for an exchange will be entered or recorded in the account with the Book-entry Transfer Institution from the third business day after and including the day on which a request for the exchange under Paragraph 1 of the preceding Article is made. 4. In the event that the beneficiary making such Exchange request is the Issuing Company, etc. of the constituent shares of the TOPIX, the Type 1 financial instruments business operator forwarding the Exchange request from the beneficiary shall give notice thereof to the Trustor when making such Exchange request (including the request for Exchange by the Type 1 financial instruments business operator for its own accounts if it falls under the Issuing Company, Etc. of the constituent shares of the TOPIX; the same shall apply to the following paragraph). 5. Should any damage occur to the trust assets, etc. in the absence of such notice as set out in the preceding paragraph at the time of the Exchange request, the Type 1 financial instruments business operator which has forwarded the Exchange request shall be liable for such damage.
Article 44 (Accounting Treatment of Exchange of Beneficial Interests for Equities) In the Exchange of beneficial interests for equities as set out in the preceding Article, a difference between the amount obtained by multiplying the number of beneficial interests for the Exchange by the Net Asset Value per Unit on the Exchange request date and the amount of principal shall be treated as the Exchange difference.
Article 45 (Purchase of Beneficial Interests) 1. If the total number of units of beneficial interests held by a beneficiary is below the trading unit of the beneficial interests as prescribed by the financial instruments exchanges, the Type 1 financial instruments business operator designated by the Trustor shall purchase such beneficial interests upon request by the beneficiary. 2. The purchase price of the beneficial interests shall be the Net Asset Value per Unit on the commitment date of purchase. 3. At the time of the purchase of beneficial interests under the preceding paragraph, the Type 1 financial instruments business operator designated by the Trustor may charge an amount equivalent to its own established fees and Consumption Tax, Etc. thereon. 4. The Type 1 financial instruments business operator designated by the Trustor shall be entitled to suspend the purchase of beneficial interests under Paragraph 1 or cancel the committed purchases of beneficial interests upon consultation with the Trustor when there are unavoidable circumstances such as a suspension of trading or suspension of the settlement function on the relevant financial instruments exchange. 5. In the event of suspension of the purchase of beneficial interests according to the preceding paragraph, the beneficiaries may withdraw their requests for purchase on such day as purchase is suspended. In the event of such request for purchase not being withdrawn by the beneficiaries, the purchase price of such beneficial interests shall be calculated deeming the first calculation day of the Net Asset Value per Unit after the lifting of such suspension as the commitment date of purchase pursuant to the provision set forth in the second paragraph above and also the provision set forth in the third paragraph above shall apply thereto mutatis mutandis.
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Article 46 (Exchange, Etc. at the Time of Termination of Trust) 1. In the event of this Trust being terminated, the Trustor shall, with respect to the beneficial interests held by the beneficiaries, exchange the equities equivalent to their interests in the trust assets of such beneficial interests at the time of the termination for the Book-Entry Transfer Beneficial Interests which have been entered or recorded in the book-entry transfer account book as such beneficial interests or the beneficial interests representing such beneficial interests. 2. At the time of the Exchange under Paragraph 1, the Type 1 financial instruments business operator designated by the Trustor may charge an amount equivalent to its own established fees and Consumption Tax, Etc. thereon. 3. The Exchange of equities set out in Paragraph 1 shall be executed, with regard to the Book- Entry Transfer Beneficial Interests, in principle, from the following business day of the day when the Trustee has confirmed that the application for cancellation of the Book-Entry Transfer Beneficial Interests for Exchange has been accepted by the Book-Entry Transfer Institution, Etc., and with regard to the beneficial interests, from the third (3rd) business day of the day when it has been confirmed that the beneficial interests to be exchanged have been provided to the Trustee. 4. The Trustor shall, from the fourth (4th) business day prior to the termination date of the Trust, treat the same number of beneficial interests as the Book-Entry Transfer Beneficial Interests to be cancelled by the Exchange and the beneficial interests represented by the beneficial interests which the rust assets has obtained by the Exchange as invalid, and the Trustee shall confirm that the Book-Entry Transfer Beneficial Interests related to such beneficial interests have been cancelled on the date of the transfer to the exchanged equities. 5. Notwithstanding the provisions of Paragraphs 1 through 3, out of the beneficial interests held by the Trustee, the Book-Entry Transfer Beneficial Interests or the beneficial interests less than the number of beneficial interests required for the Exchange referred to in Paragraph 1 shall be purchased by the Type 1 financial instruments business operator designated by the Trustor at the redemption price on or after the termination date of the Trust. 6. At the time of the purchase under the preceding paragraph, the Type 1 financial instruments business operator designated by the Trustor may charge an amount equivalent to its own established fees and Consumption Tax, Etc. thereon.
Article 46-2 (Handling of Beneficial Interests Entered or Recorded in the Pledge Column) The payment of income distributions, acceptance of a request for the Exchange and delivery of the exchanged equities (including the Exchange at the time of the termination of Trust) relating to the beneficial interests entered or recorded in the pledge column of the book- entry transfer account book of the Book-Entry Transfer Institution, Etc. shall be handled in accordance with the Trust Deed, the Civil Code and other applicable laws.
Article 47 (Cancellation of the Trust Deed) 1. At any time during the trust term, the Trustor may cancel the Trust Deed and terminate the Trust upon agreement with the Trustee. In such a case, the Trustor shall previously notify the supervisory authorities of its intention of cancellation. 2. If any of the following items occurs during the trust term, the Trustor shall cancel the Trust Deed and terminate the Trust upon agreement with the Trustee. In such a case, the Trustor shall previously notify the supervisory authorities of its intention of cancellation. 1) If the number of units of beneficial interests falls below three (3) million 2) If the beneficial interests are delisted from all the financial instruments exchanges on which they have been listed 3) If TOPIX is abolished 4) If any amendment to the Trust Deed deemed necessary by the Trustor or the Trustee as a result of a change in the calculation method, etc. of TOPIX is not made in accordance with the provisions of Article 52, Paragraph 4 3. As regards the matters set out in the preceding two paragraphs, the Trustor shall previously give public notice of its intention of cancellation and deliver a written instrument thereof to its known beneficiaries of the Trust Deed; provided that no such public notice shall be given in principle if the said written instrument is delivered to all the beneficiaries of the Trust Deed.
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4. Such public notice and written instrument as set out in the preceding paragraph shall state that any beneficiary having an objection may raise its objection against the Trustor within a specified period, which shall not be less than one (1) month. 5. If the number of the beneficial interests of those beneficiaries who have raised their objection in a specified period set out in the preceding paragraph exceeds one-half of the total number thereof, no cancellation of the Trust Deed set out in Paragraph 1 shall be effected. 6. If the Trustor has decided not to cancel the Trust Deed, it shall give public notice of its intention not to cancel the Trust Deed and the reason therefore, and shall deliver a written instrument stating these matters to its known beneficiaries of the Trust Deed; provided that no such public notice shall be given in principle if the said written instrument is delivered to all the beneficiaries. 7. The provisions of the preceding three paragraphs shall not apply if the Trust Deed is cancelled under the provisions of Paragraph 2 above. Similar treatment shall apply if, in view of the status of the trust assets, there are truly unavoidable circumstances and if it is difficult to give the public notice and written instrument within a specified period which is not less than one (1) month as set out in Paragraph 4.
Article 48 (Order of Supervisory Authorities on Trust Deed) 1. If the Trustor receives an order from the supervisory authorities to cancel the Trust Deed, it shall cancel the Trust Deed and terminate the Trust in accordance with such order. 2. The Trustor shall comply with the provisions of Article 52 if it intends to amend the Trust Deed in accordance with the order given by the supervisory authorities.
Article 49 (Action to Be Taken upon Cancellation of the Trustor’s License, etc.) 1. In the event that the Trustor’s license is revoked by the supervisory authorities or if the Trustor is liquidated or discontinues its business, the Trustor shall cancel the Trust Deed and terminate the Trust. 2. Notwithstanding the preceding paragraph, if an order is issued by the supervisory authorities to transfer the Trustor’s business under the Trust Deed to another investment trust management company, this Trust shall continue to be in force between the said investment trust management company and the Trustee, except for the cases that fall under Paragraph 4 of Article 52.
Article 50 (Action to Be Taken upon Transfer or Succession of Trustor’s Business) 1. The Trustor may transfer all or part of its business. In connection therewith, the business under the Trust Deed may be transferred. 2. The Trustor may have all or part of its business succeeded by way of subdivision. In connection therewith, the business under the Trust Deed may be subject to such succession.
Article 51 (Action to Be Taken upon Resignation or Removal of the Trustee) 1. The Trustee may resign from its duties by obtaining approval of the Trustor. Upon the occurrence of any breach by the Trustee of its duties or any other material events, the Trustor or beneficiaries may request the court to remove the Trustee. If the Trustee has resigned or has been removed by the court, the Trustor shall appoint a new trustee pursuant to Article 52. 2. If the Trustor fails to appoint a new trustee, the Trustor shall cancel the Trust Deed and terminate the Trust.
Article 52 (Amendments to Trust Deed) 1. The Trustor may amend the Trust Deed upon agreement with the Trustee. In such a case, the Trustor shall previously notify the supervisory authorities of its intention to make amendments and the matters to be amended. 2. If any of such amendments referred to in the preceding paragraph are significant in nature, the Trustor shall previously give public notice of its intention to make amendments and the matters to be amended, and shall deliver a written instrument stating these matters to its known beneficiaries of the Trust Deed; provided that no such public notice shall be given in principle if the said written instrument is delivered to all the beneficiaries hereof.
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3. Such public notice and written instrument as set out in the preceding paragraph shall state that any beneficiary having an objection may raise its objection against the Trustor within a specified period, which shall not be less than one (1) month. 4. If the number of the beneficial interests of those beneficiaries who have raised their objection within a specified period set out in the preceding paragraph exceeds one-half of the total number thereof, no amendment of the Trust Deed set forth in Paragraph 1 shall be effected. 5. If the Trustor has decided not to amend the Trust Deed under the preceding paragraph, it shall give public notice of its intention not to amend the Trust Deed and the reason therefore, and shall deliver a written instrument stating these matters to its known beneficiaries of the Trust Deed; provided that no such public notice shall be given in principle if the said written instrument is delivered to all the beneficiaries hereof.
Article 53 (Right of Objecting Beneficiaries to Request Repurchase) In the event of the cancellation of the Trust Deed set forth in Article 47 or the amendment to the Trust Deed under the preceding Article being made, those beneficiaries who have raised their objection thereto against the Trustor within a specified period set out in Paragraph 4 of Article 47 or Paragraph 3 of the preceding Article, may request the Trustee to repurchase their beneficial interests with any of the trust assets.
Article 54 (Public Notices) Public notices given by the Trustor to the beneficiaries shall be carried in the Nihon Keizai Shimbun.
Article 55 (Handling of Doubts Arising from Trust Deed) Any doubts arising in connection with the interpretation of the Trust Deed shall be resolved through consultations between the Trustor and the Trustee.
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Supplementary Provision
Article 1 The provisions of Articles 11 and 12 and Articles 15 to 20 and the provisions on beneficiary certificates that can be read as beneficial interests of this Trust Deed as of December 28, 2007 shall continue to be in effect in the event the Trustor issues beneficiary certificates due to unavoidable circumstances. Article 2 The "Clearing Institution specified separately" defined in Article 6 shall be Japan Securities Clearing Corporation.
In witness of the provisions described above, the Trust Deed has been executed by the parties hereto as of the date written below.
December 20, 2001
7-1, Akasaka 9-chome, Minato-ku, Tokyo Trustor: Nikko Asset Management Co., Ltd.
4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo Trustee: Mitsubishi UFJ Trust and Banking Corporation
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