Nomura Japan Equity High Dividend 70
The Nomura Japan Equity High Dividend 70 is an equally weighted index comprising 70 Japanese stocks with high dividend yields. It
was developed as a tool to help passive investors achieve a consistently high dividend income. A total of 70 common stocks listed inJapan with a high current-FY dividend yield forecast are selected for the index, taking dividend sustainability and investability intoaccount.
As ofof end-Aug
end-May 2015
As2024

Summary

Yen-dominated index- An Equally weighted index comprises 70 Japanese stocks with a high current-FY dividend yield forecast.
- To take dividend sustainability into account, stocks that have recorded negative recurring profits in any ofNo. of cons.
70
Reconfiguration Every December
Base period

December 29, 2000

(base value)(=10000)

Weighting

Equally weighted

Exchange-traded productBloomberg
Listed market
Currency
Listing date
Fund manager(ETN issuer)

the previous three years are excluded.
- Limited to stocks with a March, June, September, or December fiscal year-end to facilitate quarterly

dividend payments to passive investment funds that track it.
- Dividend forecasts are monitored, and any stock for which the dividend forecast has fallen to zero isremoved between periodic reconfigurations and replaced with a stock with a high current-FY dividend yieldforecast.
- To take investability into account, stocks with a low daily average trading value or a low free-float market
cap are excluded.

Index performance

1577 JP <Equity>

110,000

Tokyo Stock Exchange

100,000

JPY
March 7, 2013

90,000

Contact
Nomura Fiduciary Research &Consulting Co., Ltd.
Index Services Departmente-mail ：idx_mgr@nfrc.co.jp

90%High Div.70(L eft)

80%

TOPIX(Be nch ma rk,Left)

80,000Nomura AssetManagement

100%

Cumulative excess returns to ben chmark(Right)

70%

70,00060%

60,00050%

50,00040%

40,00030%

30,00020%

20,00010%

10,0000%0200012

200512

201012

201512-10%202012((above) Shows total returns of yen-denominated indexes, rebased so that end-Dec 2000 = 10,000.
(below) Ref Note1)

Data for Nomura Japan Equity HighDividend 70 can be obtained via
following channels.
Websitehttp://qr.nomuraholdin
gs.com/en/nhdiv/index.html

Daily index values for the Nomura
Japan Equity High Dividend 70 are
published in the following media:
Bloomberg

QUICK

LSEG

WebsiteExcluding dividends
NMRIJOHD <Index>
Including dividends
NMRIJIHD <Index>
Excluding dividends
SNJPHD/NRIJ
Including dividends
SNJPHD#TR/NRIJ
Excluding dividends.NHDIV70
Including dividends.NHDIV70TR
http://qr.nomuraholdin
gs.com/en/nhdiv/index.html

1m

3m

FYTD

1-year2-year5-year200101～High Div.70

-4.4%

-2.5%

-0.2%

23.4%

25.8%

17.8%

9.8%

TOPIX

-2.9%

-2.0%-1.8%

18.1%

19.5%

15.1%

6.4%

High Div.70－ TOPIX

-1.5%

-0.5%

1.6%

5.2%

6.3%

2.7%

3.3%

---0.70

0.86

0.34

0.52

IRRisk return
12%

Average return(p.a.)Nomura Japan Equity High Dividend 70
Data publication services

High Div.70

11%

R/N Large Value

10%

9%

R/N Total

TOPIX
Tokyo Stock Exchange
REIT Index

8%
16.0%

17.0%

18.0%

19.0%
Standard deviation(p.a.)(Yen-denominated monthly total returns are annualized. April 2003-, Ref. Note2)

High Div.70

TOPIX

R/N Total

R/N LargeValueTokyo Stock
Exchange REIT Index

Average return11.20%

9.12%

9.27%

10.39%

8.48%

Std. deviation

16.29%

16.62%

16.60%

18.20%

17.38%

Return/Std. dev.

0.69

0.55

0.56

0.57

0.49

Nomura Japan Equity High Dividend 70
Asofof end-Aug
end-May 2015
As2024Valuation(F1 based, Priority given to consolidated results supplemented by parent, Ref. Note3)

PER

PBR

D/Y (%)ROE (%)High Div. 70

10.89

0.93

3.81

8.76

R/N Total

15.66

1.36

2.36

8.94

R/N Large Value

12.07

0.93

3.05

7.91

(Note1)
1) The data less than a year shows the return in the period, and that of more than a year is annualized(total returns of yen-denominated indexes).
2)Annualized return is calculated by multiplying the average monthly return by 12 during the data period.
3)Excess return is calculated by subtracting benchmark index return from the index return.
4)IR(Information Ratio) = (monthly excess return×12) ÷ (standard deviation of monthly excess return
multiplied by square root of 12)(Note2)
1)Average return is calculated by multiplying the average monthly return by 12 during the data period.
2)Standard deviation is obtained by multiplying specimen standard deviation of monthly return by squareroot of 12.
3)Return/Standard deviation = 1) ÷ 2)
(Note3)
PER(Price Earnings Ratio)＝aggregated market capitalization ÷ aggregated profit after tax
PBR(Price Book-value Ratio)＝aggregated market capitalization ÷ aggregated shareholders’ equity
D/Y(Dividend Yield)＝aggregated dividend ÷ aggregated market capitalization
ROE(Return On Equity)＝aggregated profit after tax÷((shareholders’ equity＋shareholders’ equity of the previous FY)÷2)

Reports

Nomura Japan Equity High Dividend 70 rulebook

The intellectual property rights and any other rights, in Nomura Japan Equity High Dividend 70 belong to Nomura Fiduciary Research & Consulting Co., Ltd.
(“NFRC”). NFRC do not guarantee accuracy, completeness, reliability, usefulness, marketability, merchantability or fitness of the Index, and do not account forbusiness activities or services that any index user and/or its affiliates undertakes with the use of the Index.
The intellectual property rights and any other rights, in Russell/Nomura Japan Equity Index belong to NFRC and Frank Russell Company ("Russell"). NFRC andRussell do not guarantee accuracy, completeness, reliability, usefulness, marketability, merchantability or fitness of the Index, and do not account for businessactivities or services that any index user and/or its affiliates undertakes with the use of the Index.
Publication of the index could be delayed or canceled if a computer malfunction, natural disaster, or other unavoidable event affects the index calculation
process.
Please read “About The Index License” before using the indexes, regardless of the channel through which indexes/data is acquired (NFRC website, services
via information vendors, etc).
"About The Index License“ http://qr.nomuraholdings.com/en/indexlicense.html
The TOPIX and Tokyo Stock Exchange (TSE) REIT Index Value and the TOPIX and TSE REIT Index Marks are subject to the proprietary rights owned by JPX
Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights
and know-how relating to TOPIX and TSE REIT Index such as calculation, publication and use of the TOPIX and TSE REIT Index Value and relating to theTOPIX and TSE REIT Index Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX and TSE
REIT Index Value.
■ This material has been prepared by NFRC for information purposes only.
■ All opinions and/or predictions contained in this material are based on the determination of NFRC at the time this material was prepared and are subject tochange without notice. We do not provide any guarantee or assurance that opinions contained in this material relating to future predictions will actually takeplace. Some part of the content of this material is based on various information available to NFRC which NFRC determined to be reliable. However, NFRC does
not guarantee the accuracy of such information, and there is a possibility that such information was summarized and imperfect. The past investment
performance is not indicative of the future results.
■ This material is not intended as an investment solicitation or an investment advice in connection with any particular security transaction.
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