<Disclaimer for the English Translation of the Full
Prospectus of Listed Index Fund TOPIX>
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 theoffering 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 asdifferences of interpretation may arise between the English and Japanese language. In the eventof any inconsistency between this English translation and the Japanese version, the Japaneseversion 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 ofApril 9, 2024.

In case of any update to or modification of the Japanese version of the terms andconditions, there is no guarantee that a corresponding update or modification will be made to thisEnglish 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 thesesecurities 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, thisdocument 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 orentity 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, 2024

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 ofthis prospectus, the Management Company filed a securities registration statement with the Director－General of
the Kanto Local Finance Bureau on April 8, 2024 pursuant to the provisions of Article 5 of the Financial Instruments
and Exchange Act. The registration became effective on April 9, 2024.
Securities registration statement filing
date:
Issuer:Title and Name of the Representative:
Address of the Head Office:Location where a copy of the securities
registration statement (including its
registered supplements) may be inspected:

April 8, 2024
Nikko Asset Management Co., Ltd.
Stefanie Drews, Representative Director, President and COO
7-1 Akasaka 9-chome, Minato-ku, Tokyo

Tokyo Stock Exchange Group, Inc.
2-1, Nihonbashi Kabutocho, Chuo-ku, Tokyo

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 ofthe invested assets.

- Contents Page No.
PART I.

Information on Securities ·················································· 4PART II. Information on the Fund ··················································· 6I.
Description of the Fund ····················································· 6II.
Administration and Operation ··········································· 35
III.
Financial Condition of the Fund········································· 44
IV.
Outline of Administration of Domestic Investment Trust
Beneficiary Certificates ································································ 107
PART III. Information on the Management Company, Etc. ·················· 109
Trust Deed ················································································ 110

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 theFund’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, theManagement Company does not issue any beneficiary certificates that represent any of theBook-Entry Transfer Units. Furthermore, neither a bearer form nor a registered form isrecognized 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 forsubscription of the Units is accepted.
 Please contact one of the Distributors or the place referred to in “(8) Place of Subscription” forquestions concerning the Net Asset Value per Unit.
(5) Subscription Fee
The Distributors are authorized to collect from those applying for subscription a fee that isdetermined independently by the respective Distributor, as well as an amount equivalent to theconsumption 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 Valueper 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.

4

(7) Subscription Period
The subscription period is from April 9, 2024 to October 8, 2024.
 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.
<Management Company>
Nikko Asset Management Co., Ltd.
Website: www.nikkoam.com/
Call Center telephone number: 0120-25-1404
9 a.m. – 5 p.m., excluding weekends, public holidays, and nonbusiness days
(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 aredeposited 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

5

PART II. Information on the FundI.

Description of the Fund

1.

Nature of the Fund

(1) Objective and Basic Nature of the Fundi)

Objective of the FundThe 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 themethod of computing TOPIX and holding the portfolio as a general rule.
* TOPIX, which covers Japanese stock market widely, is a market benchmark having afunction as an investment target and calculated based on the aggregate market value ofcomponent issues after free float adjustment. The computation method uses the total
market value at closing on January 4, 1968 as the base, which was taken to be 100, andexpresses 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.
TOPIX =

Market capitalization at the time of calculation (in yen)
Market capitalization on the base date (in yen)× 100

Copyrights and Other Rights of “TOPIX”
 The TOPIX index value and the TOPIX mark or trademark are intellectual property of
JPX Market Innovation & Research, Inc. or its affiliates (hereinafter, “JPX”). All rights
and know-how concerning the TOPIX , including its calculation, publication and use of
the index values, as well as all rights concerning the TOPIX mark or trademark belong
to JPX.
 JPX may change or suspend the methods of calculating or publishing the TOPIX index
value. Furthermore, it may change the TOPIX mark or trademark or suspend its use.
 JPX does not offer any guarantee or make any representation as to any results obtainedin connection with the TOPIX index value and the use of the TOPIX mark or
trademark, and as to the TOPIX index value on any particular day.
 JPX does not offer any guarantee as to the accuracy or completeness of TOPIX index
values or any data contained therein. Furthermore, JPX is not liable for any errors,delays or interruptions in connection with the computation or publication of TOPIX
index values.
 This fund is not offered, guaranteed or distributed by JPX.
 JPX is under no obligation to provide the purchasers of the fund or the general publicwith an explanation of the fund or any investment advice.
 JPX does not consider the needs of Nikko Asset Management or the Fund's purchasers
in the component stocks or calculation of the TOPIX index values.
 In addition to all of the foregoing disclaimers, JPX further disclaims liability for any
damage arising out of the creation, sale and promotion of the fund.

6

ii)

Basic Nature of the Fund

1) Product Classification
Unit Type
Investment Trust

GeographicalInvestment Assets

Independent

Supplementaryand Open-end

Region Invested In(Revenue source)

Segment

Classification

Investment Trust
Equities
Domestic

MMF

Unit type

Bonds

investment trust

Overseas

Index type

Real estate
investment trust

MRF

Open-end
investment trust

Special type

Other assets(

Domestic and)overseas

ETF

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 issourced from equities.
 ETF
ETFs consist of securities investment trusts, as defined in Items 1 and 2 of Article 12of the Order for Enforcement of the Act on Investment Trusts and Investment

Corporations (Order No. 480 of 2000) and listed securities investment trusts, as definedin Article 9-4-2 of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957).

7

 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
Investment Assets
Equities
GeneralLarge-cap
Medium- andsmall-cap

GeographicalAreas ofInvestment

Frequency of
Settlement
AnnualGlobalSemi-annual

Japan

Quarterly
North America
Bonds
General
6 times per year
Europe(Every other month)
Government
bonds
Corporate bonds
Asia
Other debenture 12 times per year
(Monthly)
CreditOceania
attributes
(
)
Daily
Latin America
Real estate
investment trusts
Other
Africa()
Other assets()
Middle and Near
East
(Middle East)
Composite assets()
Emerging
Fixed asset
allocations
Variable asset
allocations

Index
Followed

Nikkei 225

TOPIX

Other
(
)

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 prospectusor 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 ofadditional product classes and those of attribute segments: https://www.toushin.or.jp/.

8iii) Characteristics of the FundThe 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 1 unit (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 valueof 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 theManagement Company) of the respective composites of the TOPIX which theManagement 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 yourapplication 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 notnecessarily 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 bycompanies whose stocks comprise TOPIX. However, shares that are acquired throughshareholder 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 to30 trillion yen.
● The Management Company may change the maximum amount with the consent of theTrustee 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 Fundi)

Structure of the fund
Fund
Listed Index Fund TOPIX*2
A securities
investment
trust deedManagement Company
Nikko Asset Management Co., Ltd.


Instructions regarding investment of trust
assets
Preparation of the prospectus, etc.

Trustee Company
Mitsubishi UFJ Trust and Banking Corp.

(Delegated trustee company: The Master Trust Bankof Japan, Ltd.)*1
An agreement on thehandling of offerings, etc.

Management and custody of trust assets
Calculation of trust assets
Payment of dividends, 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 thesale of the investment trust. It encompasses matters such as stipulations on the scope of businessregarding 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.

10

ii)

Profile of the Management Company (as of the end of January 2024)

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 thecorporate name to “Nikko Asset Management Co., Ltd.”
3) Major Shareholders
Name
Sumitomo Mitsui TrustHoldings, Inc.

Address
1-4-1, Marunouchi, Chiyoda-ku, Tokyo

Number of
Shares Held

Holding
Ratio

192,211,000

97.562%

2. Investment Policy(1) Investment Policy Investments are made in the stocks that comprise TOPIX, and the fund is managed so thateach stock in the trust assets maintains a weight that equals its weight in TOPIX, aiming toachieve 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 Unitsand shares.
iv) Any other event, when deemed necessary by the Management Company for the purposeof maintaining the index tracking.
 To realize the same gains and losses similar to holding the underlying assets, the fund may, in
response to fund movements, take part in futures trading in securities indices and othervehicles set forth in the trust deed for the purpose of bringing the fund’s performance closer tothat 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.

11

(2) Investment Assets
The fund invests mainly in the shares of stocks that comprise TOPIX.
i)

ii)

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.
In addition to investing in shares, the fund may also be managed by investing insecurities 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 Itemof 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 andExchange Act); and
4) Call loans.

iii) The following transactions may be effected:1) Futures trading, etc.; and2) Lending of securities.

12(3) Management System The Management Company’s management system is as follows:
Chief Investment Officer (CIO)
Chief Operating Officer (COOI)
Macro & Micro
Research andAnalysis
Department

Equity FundManagement
Department

Fixed Income
Fund Management
Department

Alternative
Investment FundManagement
Department

Passive FundManagement
Department

Trading Department

Sub-Advised FundManagement
Department

Portfolio
Control
Department

Investment
Support &Planning
Department

Sustainable Investment
Department

 The organization that supervises internal control and decision making within the management systemof the Management Company is as follows:
Board of Directors, etc.

■
Formulation of Management Policies
Investment Committee(Formulation of basic policies)
Management Departments(Formulation of management
policies)

Determines domestic and overseas
economic forecasts, market outlook andbasic policies for asset allocations
Formulate specific management policies
concerning individual assets and asset
allocation strategies, based on thedecisions of the Investment Committee

 Execution of FundManagement
Fund Managers of Respective
Management Departments(Construction and management of
portfolios)

Constructs and manages portfolios inline with the guidelines andmanagement policies of individual funds

Ordering Policy Committee

 Selects ordering outsourcecompanies that are deemed to be themost qualified in terms of theirability to provide information andexecution ability, and decides
ordering policies, etc.

Trading Department(Execution of trades)

Management Risk Meeting Deliberates on the fundmanagement status, including
the evaluation and analysis of
the investment performance,
etc.

Internal Audit-related Department(Approximately 5 persons) Verifies and evaluates theappropriateness of the internal control
system over the company’s operations,
including investment
 Furnishes the Board of Directors with
reports of audit results and follows up
on the rectification of audit findings,
etc.

Risk Management/Compliancerelated Departments(Approximately 65 persons) Controls and monitors credit risks andadministrative risks relating toinvestment activities
 Evaluates and analyzes investment
performance Manages compliance with laws,
regulations and rules, etc.

Executes trades in accordance with the
optimum execution process, based on thedecisions of the Order Policy Committee

Management Risk Committee Efficiently keeps track of andmonitors the management
status pertaining tomanagement risk, 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 accountbalances on a monthly basis. In addition, an independent audit corporation conducts audits of the trustee operations inaccordance with established procedures. The audit corporation furnishes the Management Company with a periodic
audit report, assuring that effective internal controls are in place.

13

* The system shown above is current as of the end of January 2024, and may be subject tochange in the future.

14(4) Distribution Policyi)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 interestpaid) 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 toconsumption 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, partor all of such money may be retained in the trust assets for the purpose of adjusting theamounts 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 reserveand carried forward to the next period.
2) The sum of the profits referred to in the following subparagraph a) that arise from thetrust 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 ofloss brought forward, if any, is offset.

ii)

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 andgains on exchanges.

b)Losses on sales of securities (including their unrealized losses), losses on the tradingof futures, etc. (including their unrealized losses), losses on additional trust creations
and losses on exchanges.

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 theend 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 inconnection with the handling of income distribution, the payment is made pursuant to theprovisions of such agreement.

(5) Investment Restrictionsi)

Investment Restrictions Set Forth in the Trust Deed1) 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 bycompanies whose stocks comprise TOPIX. However, shares that are acquired throughshareholder allotments are exempted from this rule.
3) The fund does not invest in assets denominated in foreign currencies.
4)

To realize the same gains and losses similar to holding the underlying assets, and to avoid
price fluctuation risk, 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.

15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 ofstocks shall be such that the total market price of the stocks to be lent shall not exceed thetotal 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, theindividual category’s exposure to a certain interest counterparty, the kind of acounterparty prescribed in the rule, shall not exceed 10% of the total net asset value of thetrust 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.

16

3.

Investment Risks(1) Risks of the Fund
Investment in the fund involves certain risks, including major risks listed below. Whensubscribing the Units, the investor is requested to fully evaluate the risks pertaining to the fundand 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 instock 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 andabroad. 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 ofacquisition 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 theprevailing market trend, a risk that the securities cannot be sold at the appraised price, anda 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 ofcertain standards stipulated by the financial instruments exchange, and fear for delistingor 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 nonperformance 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 price fluctuationsin the market. The fund’s payment of such shortfalls may cause the fund to incur losses.

17

<Major Reasons for Disparity between TOPIX and the Net Asset Value per Unit>
Whereas the fund seeks to match the rate of change of the Net Asset Value per Unit with thatof TOPIX, it does not guarantee movements that are identical to those of the index for thefollowing reasons: The fund may be subjected to a market impact when buying or selling individual stocks as it
adjusts its portfolio in response to changes in the stocks that comprise TOPIX and capitalchanges among corporations. In addition, the fund incurs various expenses, including trust fees,
brokerage commissions and audit fees.
 Dividends may be paid by stocks in the portfolio and fees may be earned for securities lent.
 When derivative transactions such as futures trading are employed, the price change of suchtransaction and that of a part or all of the stocks that comprise TOPIX may not be identical.


Disparity between the market prices at which stocks are traded at financial instruments
exchanges and the Net Asset Value per Unit
The fund is listed in the Tokyo Stock Exchange and the Units are traded on suchexchange. The market price of the Units is affected primarily by the size of demand forthe fund, its performance, and how attractive it is to investors in comparison with theirother investment alternatives. It is therefore not possible to predict whether the Units
will sell in the market above or below the Net Asset Value per Unit.

<Additional Considerations> Matters concerning systemic risks and market risks
The securities markets and foreign exchange markets may shut down for various reasons,
including a sudden change in the global economic conditions, a natural calamity, politicalturmoil, a change in economic conditions or a policy change in the country in which themarkets operate, or an unexpected failure of a computer network. Such a shutdown may
prevent the fund from investing in accordance with its investment policy, and subscriptions.
In the event of the above or where the computation of the Net Asset Value per Unit becomesdifficult due to other matters, etc., acquisitions and exchanges may temporarily be suspended
at the discretion of the Management Company.
 Matters concerning suspension of acquisitions and exchanges when there arises doubts as tothe adequacy of the Net Asset Value per Unit
When there is a disparity between the appraised value used in calculating the fund’s Net
Asset Value per Unit and the actual trading value or other such cases that give rise doubts
as to the adequacy of the Net Asset Value per Unit, acquisitions and exchanges may be
temporarily suspended at the discretion of the Management Company.
 Matters concerning restrictions on management and regulatory restrictions
Transactions are occasionally subject to restrictions under relevant laws and regulations orinternal policies, etc. For example, if the Management Company or an affiliate thereof
receives undisclosed information regarding a particular stock, trading of the stock can be
restricted. Additionally, transactions may also be restricted in connection with investments
or other investment business engaged in by the Management Company or affiliates thereof.
It is therefore possible that these restrictions will affect the fund’s management performanceand cause a disparity between the index and the Net Asset Value per Unit.
 Matters concerning changes in laws, regulations, taxation systems, and accounting policies
Laws, regulations, taxation systems, accounting policies and such like that are applicable tothe fund may be subject to change in the future.

18

(2) Risk Control System
Board of Directors
ReportOverall Risk Management
Compliance Monitoring
Committee

Risk Monitoring Committee

Monitoring/
improvement
policyMonitoring/
providingcorrective
guidance

Reporting/offering
proposalReporting/offering
proposal

Department Responsible for Risk Management/Compliance Business
Monitoring of the status ofcompliance with laws, etc.

Evaluation/analysis of risk
performance and risk management

Evaluation, analysis,
etc.
Monitoring andproviding corrective
guidance, etc.

Management Risk
Meeting
Providing feedback,improvement policies, etc.

Fund management departments

 Overall Risk Management
The Risk Management/Compliance Business Departments of Nikko Asset Management havebeen established as independent organizations, separate from fund management
departments or sales departments, and aim to centrally monitor and guide company-widerisk control activities. The Compliance Department, through the Compliance Monitoring
Committee for which the department serves as its administrative office, provides thecompany’s top management with reports on compliance with laws and regulations. And the
Risk Management Department, through the Risk Monitoring Committee, provides thecompany’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 andvarious risks, to establish preventive measures and to support constructing methods ofcontrol that can lead to reduced risks, in addition to monitoring laws and regulation
compliance status, monitoring and reporting on various risks (including management risks,(including liquidity risks), market risks, counterparty risks, operational risks (including
administrative risks ) and so on).

19

■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 (including liquidity risks) is also monitored. The results of the evaluationand of the analyses on the investment performance and the investment risks are reported to
the Management Risk Meeting and the investment risk management status (including
liquidity risks) is reported to the Risk Monitoring Committee, and measures are taken to
determine the cause of problems and to establish improvement strategies. Additionally, theoutsourced fund management department administers the management of the funds
managed by sub-managers and monitors whether investments of such funds are being madein 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 tothe compliance related committees, which adopt appropriate management and supervisory
procedures to instruct fund management departments to rectify such problems whennecessary.
* The system described above is current as of the end of January 2024, and may be subject tochange in the future.

20

（Reference information）
Comparison of fluctuations the fund with other

Changes in annual fluctuations

representative asset classes
February 2019～January 2024

and Dividend-included NAV of the fundFebruary 2019～January 2024

(Yen)

100%

500,000

80%

MAX

400,000

MIN

60%

AVE

40%
20%

100%

Fund's Return YoY (Right Axis)
Dividend-included NAV (Left Axis)

80%

300,000

60%

200,000

40%

100,000

20%

0%

0

0%

-20%

-100,000-40%-200,000

The FundJapanese
EquityDeveloped
Country
EquityEmerging Japanese Developed
Country Government Country
EquityBond
Bond

Emerging
Country
Bond

Feb-19The Fund Japanese Developed Emerging Japanese Developed Emerging
CountryCountry Governm Country

Country

EquityEquityBond

ent Bond

Bond

Feb-20Feb-21

Feb-22-40%

Feb-23※NAV is the price per 100 units after management fees (trustfees) have been deducted.
※Dividend-included NAV is calculated based on the NAV as of theend of February, 2019.
※ The fund's Dividend-included NAV and fluctuations in thepercentage (the last year's fluctuations in the percentage at theend of each month) are theoretical data calculated withdividends reinvested (before tax) and may differ from the data
calculated based on NAV.

< Average, annual Maximum, and Minimum fluctuationsof this fund and other representative assets(%) >Equity-20%

AVG
9.0% 9.1% 16.8% 7.6% -0.7% 3.9% 5.2%
MAX 42.0% 42.1% 59.8% 62.7% 5.4% 14.8% 21.5%
MIN -11.5% -11.4% -12.4% -19.4% -5.5% -6.1% -8.8%※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 monthfor five years from February 2019 to January 2024 for the fundand other representative asset classes. This fund's fluctuationsin the percentage are theoretical data calculated with dividends
reinvested (before tax) and may differ from the data calculated
based on NAV.

<Indices of each asset class>Japanese Equity:
Japanese Government bond:Tokyo Stock Price Index(TOPIX, Total return)
Nomura BPI Government
Developed Country Equity:
Developed Country Bond:MSCI Kokusai Index(Total return, Yen based)
FTSE WGBI (ex Japan, Yen based)
Emerging Country Equity:
Emerging Country Bond:MSCI Emerging Markets Index(Total return, Yen based)
JPM GBI-EM Global Diversified Index(Non-hedge, Yen based)※Indices of foreign assets are calculated in JPY with no currency hedge.
<The Index of Each Asset Class>Japan Equity ----- TOPIX (Tokyo Stock Price Index andJapan Government Bond ----- NOMURA Bond Performance

Average, dividends included))Index (government bonds)

Developed Countries’ Equity ----- MSCI-KOKUSAI Index

Developed Countries’ Government Bond ----- FTSE

(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

Diversified (without yen hedging, yen basis)* The overseas’ indices were converted to yen, assuming the investments are without currency hedging.

21

World

Global○Indices to Compare Representative Asset Classes with Fluctuation Rate
TOPIX (Tokyo Stock Price Index) dividends included
This index, which covers Japanese stock market widely, is a market benchmark having a function as aninvestment target and considers dividends. JPX Market Innovation & Research, Inc. or its affiliates own
the intellectual property rights such as the copyright on the index 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 intellectual property rights such as the copyright on the index and anyother 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 intellectual property rights such as the copyright on the index and any other rights
associated with the index.
NOMURA BPI Government Bonds
Published by Nomura Fiduciary Research & Consulting Co., Ltd. (hereinafter,"NFRC"), which owns its
intellectual property rights. NFRC 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 propertyof 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, yenbasis)
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 intellectual
property rights such as the copyright on the index and any other rights associated with the index.

22

4.

Fees and Taxes(1) Subscription Fee
Distributors may collect from applicants a fee that is determined independently by theDistributors 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) Feei)

Redemption Fee
A Distributor may collect from a unitholder a fee that is determined independently by theDistributor together with an amount equal to the consumption taxes levied on such a fee inthe 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 AssetNone(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 thetrust assets times the annual percentage rate not to exceed 0.0748% (or 0.068% withouttax), accumulated daily throughout the calculation period.

ii)

Allocation of the Trust Fee
The trust fee (annual rate) (as of the date when the securities registration statement was
filed ) is allocated as follows.
Trust fee= NAV of investment period ×
Trust Fee Rate (Annual Rate)
Asset Under

Total

Management

TrusteeCompany

Company

0.068%

0.040%

0.028%

0.044%

0.034%

0.010%

0.038%

0.028%

0.010%

0.032%

0.023%

0.009%

Management
The portion up to 5
trillion yen
The portion more than
5 trillion yen up to 7.5
trillion yen
The portion more than
7.5 trillion yen up to
10 trillion yen
The portion more than
10 trillion yen
Management
Company
TrusteeCommission fee of the fund management
Fee for managing investment properties, and for

23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.

24

(4) Other Fees, Etc.
The following costs/fees and any amounts equal to consumption taxes levied thereon are borneby 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 thetrust, and interest on monies advanced by the Trustee Company;iv) In the event that securities are loaned, fees related to securities loaned calculated bymultiplying 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 ofthe date the securities registration statement was filed. Allocation of such fees to theManagement Company and Trustee Company is 1:1 and paid at the same as the trust fees;
andv)

The cost related to the listing of the Units and the fee for the use of “TOPIX” and othersimilar 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 theholding 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 theholding 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) fortax purposes.
・ Publicly offered stock investment trusts are eligible for the Nippon Individual Savings
Account (NISA) if they meet certain requirements under the tax law .
・The Fund is eligible for the "Growth Quota (Specific Tax Exemption Management Account)"
under the NISA, but the handling may differ depending on the distributor. Please contact your
distributor for details.
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 designatedaccount with tax withheld (an account with tax withheld at the taxpayer’s option), tax iswithheld at source at a tax rate of 20.315% (15.315% income tax and 5% local tax). (As ageneral 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

25

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).
*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 andcorporate bonds and such like (as long as separated taxation has been chosen upondeclaration). In addition, gains on sale (capital gains), income distributions, and interest
income from public and corporate bonds etc. (if separated taxation has been chosen upondeclaration) can be offset against capital losses from listed stocks and such like.
* When investing through the Nippon Individual Savings Account (NISA), dividend income
and transfer income from newly purchased publicly offered equity investment trusts are
exempt from taxation for an unlimited period up to a certain amount each year. The tax
exemption is available only to those who meet certain conditions, such as opening a taxexempt account with a distributor, and who purchase products that meet the requirementsof the tax law. For details, please contact the distributor.
3) Exchanges between Units and shares of stocks
Exchanges of Units with shares of stocks are also deemed to be transfers of Units andtreated 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 combinedwith 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 othercorporate income.
 Income distributions are subject to exclusion from gross revenue. The limit is the sameas 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 andtreated the same way as sales of Units.
* In cases of being applied to the foreign tax deduction, tax on distributions may differ from theaforementioned descriptions.
* The above is as of April 8, 2024 and tax rates and other tax treatment may change in the eventthat tax laws are revised.
It is recommended that you consult with a professional tax advisor for details regarding tax
treatment.

26

5.

Status of Investment Portfolio
Listed Index Fund TOPIX
The following investment status was current as of January 31, 2024:
 The investment ratio of an asset is its ratio to the total net assets of the fund, valued at market
price.

(1) Investment Status
Type of Invested Assets

Country/Region

StocksJapan

Total Market Value(in yen)―Call loans, etc. and otherassets (after deduction for
liabilities)
Total (Total Net Assets)

Investment Ratio(%)

10,020,036,724,390

99.70

29,931,752,759

0.30

10,049,968,477,149

100.00Investment Status of Other Assets
Type of Invested Assets

Type

Country/Region

Stock Price Index
Futures TradingLong
positionJapan

Total Market Value(in yen)Investment Ratio(%)

29,824,880,000

0.30

Note: Futures trading are valued at either the clearing price or the closing price, published by the primaryexchange.

(2) Invested Assetsi)

Major Securities Investmenta.

Details of Securities with the Highest Market Values

Country/Region

Type

Stock

Industry

Japan

Stock

TOYOTA MOTORCORPORATION

Japan

Stock

SONY GROUP CORPORATIONElectric
Appliances

Japan

Stock

MITSUBISHI UFJ FINANCIALGROUP,INC.

Banks

Japan

Stock

KEYENCE CORPORATION

Japan

Stock

Japan

Transportation
Equipment

Qty. or Total Unit Book Book Value (yen) Unit Market
Par Value
Price
Value (yen)(yen)
152,011,800

Market Value Investm
(yen)
ent
Ratio
(%)

2,319.12 352,535,049,336

3,000.00 456,035,400,000

4.54

19,582,900 12,994.81 254,476,163,995

14,695.00 287,770,715,500

2.86

166,045,000

1,067.12 177,190,411,616

1,395.00 231,632,775,000

2.30Electric
Appliances

2,769,600 65,638.78 181,793,182,083

66,580.00 184,399,968,000

1.83TOKYO ELECTRON LIMITEDElectric
Appliances

5,859,100 20,312.74 119,014,398,859

27,865.00 163,263,821,500

1.62

Stock

HITACHI,LTD.

Electric
Appliances

13,438,000

8,875.01 119,262,413,310

11,675.00 156,888,650,000

1.56

Japan

Stock

NIPPON TELEGRAPH AND
Information &TELEPHONE CORPORATION Communication

825,897,400

166.36 137,400,629,332

186.30 153,864,685,620

1.53

Japan

Stock

SUMITOMO MITSUIFINANCIAL GROUP,INC.

Banks

19,385,600

6,248.67 121,134,260,312

7,700.00 149,269,120,000

1.49

Japan

Stock

MITSUBISHI CORPORATION

WholesaleTrade58,038,900

2,283.97 132,559,594,071

2,565.00 148,869,778,500

1.48

Japan

Stock

SHIN-ETSU CHEMICAL
CO.,LTD.

Chemicals

25,145,900

4,603.49 115,758,995,293

5,875.00 147,732,162,500

1.47

27

JapanStockNINTENDO CO.,LTD.

Other Products

17,478,200

6,362.86 111,211,395,955

8,310.00 145,243,842,000

1.45

Japan

Stock

MITSUI & CO.,LTD.

WholesaleTrade22,069,200

5,257.25 116,023,385,433

6,031.00 133,099,345,200

1.32

Japan

Stock

ITOCHU CORPORATION

WholesaleTrade19,689,200

5,533.07 108,941,809,870

6,752.00 132,941,478,400

1.32

Japan

Stock

RECRUIT HOLDINGS
CO.,LTD.

Services

21,069,100

4,566.48

96,211,818,043

5,927.00 124,876,555,700

1.24

Japan

Stock

HONDA MOTOR CO.,LTD.

Transportation
Equipment

67,510,600

1,437.62

97,054,802,541

1,675.50 113,114,010,300

1.13

Japan

Stock

TAKEDA PHARMACEUTICAL Pharmaceutical
COMPANY LIMITED

24,572,800

4,404.90 108,240,817,946

4,362.00 107,186,553,600

1.07

Japan

Stock

DAIICHI SANKYOCOMPANY,LIMITED

Pharmaceutical

24,188,200

4,132.15

99,949,365,358

4,423.00 106,984,408,600

1.06

Japan

Stock

TOKIO MARINEHOLDINGS,INC.

Insurance

26,950,300

3,292.42

88,731,888,545

3,930.00 105,914,679,000

1.05

Japan

Stock

KDDI CORPORATION

Information &Communication

21,455,100

4,300.89

92,276,166,134

4,897.00 105,065,624,700

1.05

Japan

Stock

HOYA CORPORATION

Precision
Instruments

5,450,000 16,301.39

88,842,615,880

18,945.00 103,250,250,000

1.03

Japan

Stock

MIZUHO FINANCIALGROUP,INC.

Banks

36,802,800

2,227.47

81,977,406,513

2,702.00

99,441,165,600

0.99

Japan

Stock

SOFTBANK GROUP CORP.

Information &Communication

13,696,400

6,700.95

91,778,987,613

6,460.00

88,478,744,000

0.88

Japan

Stock

SOFTBANK CORP.

Information &Communication

44,683,500

1,546.43

69,100,168,665

1,963.50

87,736,052,250

0.87

Japan

Stock

ORIENTAL LAND CO.,LTD.

Services

15,060,500

5,543.57

83,489,045,095

5,502.00

82,862,871,000

0.82

Japan

Stock

DAIKIN INDUSTRIES,LTD.

Machinery

3,337,900 28,818.98

96,194,906,091

23,885.00

79,725,741,500

0.79

Japan

Stock

MURATA MANUFACTURING
CO.,LTD.

Electric
Appliances

25,187,100

2,701.83

68,051,406,160

3,015.00

75,939,106,500

0.76

Japan

Stock

SMC CORPORATION

Machinery

836,900 76,652.21

64,150,240,829

82,910.00

69,387,379,000

0.69

Japan

Stock

MITSUBISHI ELECTRICCORPORATIONElectric
Appliances

31,121,000

1,975.64

61,484,201,496

2,203.00

68,559,563,000

0.68

Japan

Stock

JAPAN TOBACCO INC.

Foods

16,564,300

3,118.05

51,648,407,662

3,895.00

64,517,948,500

0.64

Japan

Stock

MARUBENI CORPORATION

WholesaleTrade24,420,800

2,381.71

58,163,350,661

2,541.50

62,065,463,200

0.62

b.

Investment Ratios by Type and Industry
Type

Domestic/International

Stock

Domestic

Industry

Investment
Ratio(%)

Fishery, Agriculture & Forestry

0.08

Mining0.35

Construction

2.10

Foods

3.30

Textiles and Apparels

0.38

Pulp and Paper

0.16

Chemicals

5.88

Pharmaceutical

4.55

Oil and Coal Products

0.46

Rubber Products

0.71

Glass and Ceramics Products

0.67

Iron and Steel

0.97

28

Nonferrous Metals

0.66

Metal Products

0.52

Machinery

5.37

Electric Appliances

17.41

Transportation Equipment

8.58

Precision Instruments

2.35

Other Products

2.42Electric Power and Gas

1.37

Land Transportation

2.70

Marine Transportation

0.90

Air Transportation

0.44

Warehousing and Harbor Transportation
Service

0.14

Information & Communication

7.60

Wholesale Trade

7.25

Retail Trade

4.17

Banks

7.12

Securities and Commodities Futures

0.86

Insurance

2.44

Other Financing Business

1.15

Real Estate

1.93

Services

4.71

Total

99.70

ii) Real Estate Properties Invested In
N/Aiii) Other Major Assets Invested In
Type ofInvested Stock Exchange
AssetsStock Osaka
Price Exchange
Index
Futures
Trading

Stock NameType

TOPIX futures
2024-03Long
position

Qty.

Currency

1,168 JPY

Contract Value, Market Value Investment
Etc. (yen)(yen)
Ratio (%)
27,598,051,600 29,824,880,000

0.30

Note: Futures trading are valued at either the clearing price or the closing price, published by the primary exchange.

29

(3)
i)

Past Performance

Changes in Net Assets
PeriodTotal Net Assets (million yen)

Net Asset Value per Unit (yen)Ex-dividend

Ex-dividendWith dividend

TSE Quoted
With dividend Price (yen)As of the end of the July 8,
13th calculation period 2014

790,486

803,304

1,280.23

1,300.99

1,281

As of the end of the July 8,
14th calculation period 2015

1,238,974

1,255,990

1,593.91

1,615.80

1,595

As of the end of the July 8,
15th calculation period 2016

1,149,571

1,173,804

1,217.26

1,242.92

1,216

As of the end of the July 8,
16th calculation period 2017

2,366,170

2,403,721

1,624.47

1,650.25

1,624

As of the end of the July 8,
17th calculation period 2018

3,351,921

3,413,173

1,712.85

1,744.15

1,713

As of the end of the July 8,
18th calculation period 2019

4,151,311

4,238,348

1,601.15

1,634.72

1,602

As of the end of the July 8,
19th calculation period 2020

5,396,794

5,507,352

1,586.45

1,618.95

1,586

As of the end of the July 8,
20th calculation period 2021

7,326,730

7,463,287

1,959.42

1,995.94

1,963

As of the end of the July 8,
21st calculation period 2022

7,264,099

7,440,343

1,923.56

1,970.23

1,928

As of the end of the July 8,
22nd calculation period 2023
(July 8, 2023 )8,684,425

8,878,949

2,306.78

2,358.45

2,308.5

As of the end of January 2023

7,664,801―

2,038.26―

2,036.5

As of the end of February 2023

7,728,623―

2,057.40―

2,057

As of the end of March 2023

7,876,222―

2,092.23―

2,093.5

As of the end of April 2023

8,079,476―

2,148.48―

2,148

As of the end of May 2023

8,370,787―

2,225.88―

2,223.5

As of the end of June 2023

9,007,090―

2,393.76―

2,405

As of the end of July 2023

8,945,683―

2,376.13―

2,373

As of the end of August 2023

9,036,198―

2,386.23―

2,384

As of the end of September
2023

9,183,032―

2,398.45―

2,400

As of the end of October 2023

8,958,637―

2,326.57―

2,327

As of the end of November
2023

9,340,955―

2,452.29―

2,449

As of the end of December 2023

9,295,341―

2,446.72―

2,446

As of the end of January 2024

10,049,968―

2,637.71―

2,637

Note: When the last day of a calculation period fell on a day when the Tokyo Stock Exchange (TSE) was closed, theclosing price on the exchange’s business day immediately preceding the closed day is shown as the TSE Quoted
Price.

ii)

Dividends Paid

30

Calculation Period

PeriodDividend per Unit (yen)

13thJul. 9, 2013 – Jul. 8, 201420.7600

14th

Jul. 9, 2014 – Jul. 8, 2015

21.8900

15th

Jul. 9, 2015 – Jul. 8, 201625.6600

16th

Jul. 9, 2016 – Jul. 8, 201725.7800

17th

Jul. 9, 2017 – Jul. 8, 201831.3000

18th

Jul. 9, 2018 – Jul. 8, 201933.5700

19th

Jul. 9, 2019 – Jul. 8, 2020

32.5000

20th

Jul. 9, 2020 – Jul. 8, 2021

36.5200

21st

Jul. 9, 2021 – Jul. 8, 2022

46.6700

22nd

Jul. 9, 2022 – Jul. 8, 2023

51.6700

Latest Interim Period

Jul. 9, 2023 – Jan. 8, 2024―iii) Past Returns
Calculation Period

PeriodReturns (%)

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

20th

Jul. 9, 2020 – Jul. 8, 2021

25.81

21st

Jul. 9, 2021 – Jul. 8, 2022

0.55

22nd

Jul. 9, 2022 – Jul. 8, 2023

22.61

Latest Interim Period

Jul. 9, 2023 – Jan. 8, 2024

7.28

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 theend of the preceding calculation period, and multiplying the result by 100.

iv)

Past Creation and Cancellation
Calculation Period

Number of Units
Created(Units)PeriodNumber of Units
Cancelled(Units)

13th

Jul. 9, 2013 – Jul. 8, 2014

216,920,100

113,108,630

14thJul. 9, 2014 – Jul. 8, 2015

337,726,500

177,866,039

31

15th

Jul. 9, 2015 – Jul. 8, 2016

240,119,800

73,043,677

16thJul. 9, 2016 – Jul. 8, 2017757,397,200

245,213,668

17thJul. 9, 2017 – Jul. 8, 2018

658,406,900

158,062,049

18thJul. 9, 2018 – Jul. 8, 2019

730,718,600

94,941,417

19thJul. 9, 2019 – Jul. 8, 2020

898,361,100

89,264,353

20thJul. 9, 2020 – Jul. 8, 2021

463,665,200

126,225,665

21stJul. 9, 2021 – Jul. 8, 2022

196,553,600

159,401,632

22ndJul. 9, 2022 – Jul. 8, 2023

133,405,300

145,059,066

Latest Interim Period

Jul. 9, 2023 – Jan. 8, 2024

132,590,400

98,213,742

Note:

The number of units cancelled represents the number of units exchanged.

32

(Referenced Material)
As of January 31, 2024

Changes in NAV/Net Assets

End- January 2014～End- January 2024

NAV………..……..¥263,771
Net Assets……… ¥10,049.9billion*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, 2014.
*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-19JPY 3,357

Jul-20
JPY 3,250

Jul-21JPY 3,652

Jul-22
JPY 4,667

 Status of Major Assets<Component and Breakdown>
Asset Types
Equity%100.00％FuturesCash and Others

0.30％
0.30％

*As percentage of net assets

33

Jul-23
JPY 5,167

Cumulative
JPY 52,252

<Top10 Component Shares>
Name

Sector%

1

TOYOTA MOTOR CORPORATION

Transportation Equipment

4.54％

2

SONY GROUP CORPORATIONElectric Appliances

2.86％

3

MITSUBISHI UFJ FINANCIAL GROUP,INC.

Banks

2.30％

4

KEYENCE CORPORATIONElectric Appliances

1.83％

5

TOKYO ELECTRON LIMITEDElectric Appliances

1.62％

6

HITACHI,LTD.

Electric Appliances

1.56％

7

NIPPON TELEGRAPH AND TELEPHONE CORPORATION8SUMITOMO MITSUI FINANCIAL GROUP,INC.

9

Information & Communication

1.53％

Banks

1.49％

MITSUBISHI CORPORATION

Wholesale Trade

1.48％

10 SHIN-ETSU CHEMICAL CO.,LTD.

Chemicals

1.47％*As percentage of net assets

 Past Annual Returns
（％）

50
28.1％

22.1％

18.0％

11.9％

7.3％

0.2％

12.6％

7.8％

0
△2.6％
△16.1％

△50

2015

2016

2017

2018

2019

2020

2021

2022

2023

*The annual rates of return are calculated with dividends reinvested (before tax).
*The figure for 2024 shows fluctuations in the percentage up until the end of January 2024.
*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.

34

2024

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 compositionof 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 thenumber 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 behereinafter 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 theIssuing Company, Etc. may be paid in cash in the amount equal to the market value ofsuch 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 tradingor 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, thecut-off time is 2 p.m. Distributors may have different cut-off times and methods forapplication. 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-rightday (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 theirshares 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 aholiday, then during the three business days starting from the day which is threebusiness 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 developedthat could prevent it from making investments in accordance with the basic investment35

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 theaccepted 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 Assetsa.

Any unitholder may request a Distributor designated by the Management Company foran 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 thetrust assets. The minimum number of Units for which an exchange can be requestedmeans the number of Units specified by the Management Company as the number ofUnits 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 thedate the Exchange is requested.

b.

The number of shares of each stock that a unitholder can acquire through an Exchangec.

Exchange requests that are accepted by the Management Company by 3 p.m. aretreated as having been accepted on the day. When the unitholder is the IssuingCompany, Etc. of a TOPIX-comprising stock, however, the cut-off time is 2 p.m.

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 theminimum block for trade specified by the financial instruments exchange (hereinafterreferred to as the “Minimum Block of Shares Traded on the Exchange”).

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 theDistributors, 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:a) During the three business days starting from the business day prior to the ex-rightday (excluding the ex-dividend day) of any TOPIX-comprising stock.

36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 theirshares 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 aholiday, then during the three business days starting from the day which is threebusiness 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 developedthat 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. ofa stock that is included in the Exchange, the Management Company first deducts thenumber of Units equivalent to the total market value of the shares of the IssuingCompany, Etc. from the number of Units accepted for the Exchange, and thenexchanges 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 IssuingCompany, Etc.).

g.

When delivering the exchanged equities to the beneficiary, as a general rule, anincrease 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 thattrading 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 acceptanceis suspended. If unitholders do not withdraw their Exchange requests, however, therequests are treated as if they were accepted on the first day that the Net Asset Valueper Unit is calculated following the lifting of the acceptance suspension.

37iii) Buyback of Units

3a.

A unitholder may request a Distributor designated by the Management Company tobuy back his or her Units if the total number of Units he or she owns is less than theminimum 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. aredeemed 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 orcancel 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 issuspended. If unitholders do not withdraw their requests for buybacks, however, therequests are treated as if they were accepted on the first day that the Net Asset Valueper Unit is calculated following the lifting of the acceptance suspension.

Overview of Asset Management, Etc.

(1) Valuation of Assetsi)

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 fromthe 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 beshown in an amount that has been converted to per 100 units.

38

<Calculation of the Net Asset Value per Unit>(a) Total value of the trust assets = Allof the securities, etc. included in thefund, valued at market priceTotal net assets = (a) total value ofthe trust assets, less (b) total
liabilities (expenses and other costs
required for managing the Fund)(b) Total liabilities(a) Total valueof the trust
assetsTotal net
assetsNet Asset Value per
Unit = Total net
assets divided by
the total number ofUnits as of thecalculation date
Net Asset
Value perUnit(a) − (b)ii)

Basis of Securities Evaluation
The assets that are in the trust assets are marked to market in accordance with laws andregulations, as well as the rules of The Investment Trusts Association, Japan.
<Valuation Method of Major Assets>


Listed Domestic Stocks
As a general rule, these stocks are valued at their closing prices on the financial
instruments exchanges of Japan on the day the Net Asset Value per Unit is calculated.

iii) Inquiries regarding the Net Asset Value per Unit
Please contact either a Distributor or the Management Company.
<Management Company>
Nikko Asset Management Co., Ltd.
Website: www.nikkoam.com/
Call Center telephone number: 0120-25-1404
9 a.m. – 5 p.m., excluding weekends, public holidays, and nonbusiness days
(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) Otheri)

Termination of the Trust (Early Redemption)
1) The Management Company may, with the consent of the Trustee Company, cancel thetrust deed and redeem the Units prior to their maturity.
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.

39

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 withina 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 theirmaturity 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 tocancel 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); orh)

The Trustee Company resigns from its duties by obtaining approval from theManagement 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 thesupervisory authorities of its intent to so do.
ii)

Amendments to the Trust Deed1) The Management Company may, upon agreement with the Trustee Company, amend thetrust deed. When amending the trust deed, the Management Company must notify thesupervisory 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.)
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 Objections40

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 withprescribed 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 anamendment to the trust deed, it must publicly announce its intent and the reason for thedecision, 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.

Period for objection
acceptance(at least 1 month)

Objectors constitutemajority(based on thenumber of Units)

Early redemption
Amendment to the trustdeed

End of buyback request
acceptanceCommencement of buyback
request acceptanceObjectors do notconstitute majority(based on thenumber of Units)

A report to the supervisory
authorities

End of the period for objection
acceptance

Public notice
Written notice<Steps Involved in Early Redemptions and Significant Amendments to the Trust Deed>

Redemption oramendment is aborted
Public Notice
Written Noticeiv) 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 correspondto their Units’ share in the trust assets at the time of trust termination in exchange forthe 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 sharescomputed 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.
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 theIssuing 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 theredemption price. In such an event, the unitholder pays fees that are independently

41established by the Distributor and an amount equal to the consumption taxes levied onsuch fees.
7) In the event that a unitholder does not make any request for an Exchange with stocks ora 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 aDistributor shall be one year from the date of such agreement. However, such agreement shallbe automatically renewed for one year and so on thereafter if neither the Distributor nor theManagement 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 tounitholders whose names are registered with the Trustee Company as of the last day of thecalculation 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 ofthe 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 ofcommencement 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 suchtermination of the trust, such rights are forfeited and revert to the Management Company

42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 ofUnits he or she owns is less than the minimum trading lot for the Units established by thefinancial instruments exchange.
iv) Right to examine books
A unitholder may make a request to the Management Company to examine the books anddocuments for the fund’s trust assets during the business hours of the Management Company.

43

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 FinanceOrdinance No. 59 of 1963; hereinafter referred to as “Financial Statements Regulation”) and theOrdinance 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, theFund’s Financial Statements for the 22nd calculation period (from July 9, 2022 to July 8, 2023)
have been audited by PricewaterhouseCoopers Aarata LLC.

44

Independent Auditors’ Report
September 27, 2023
The Board of Directors
Nikko Asset Management Co., Ltd.

PricewaterhouseCoopers Aarata LLC
Tokyo Office
Designated Limited Liability
Certified Public Accountant
Partner
Kazuyuki Tsujimura
Engagement Partner

OpinionWe have audited the financial statements, comprising the balance sheet, the statement of profit and loss andretained earnings and the related notes, and the supplementary schedules for Listed Index Fund TOPIX for the
calculation period from July 9, 2022 to July 8, 2023 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, 2023, and its profit and loss performance for the year then endedin 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 ethicalrequirements that are relevant to our audit of the financial statements in Japan, and we have fulfilled our otherethical 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.
The other information
Information other than the financial statement and the auditor's report which are included in the annual securities
report and the securities registration statement. It is management’s responsibility to prepare and disclose thecontents of the other information.
Audit opinion on the financial statement does not cover the other information, and the audit firm will not express
any opinion regarding the other information.
The responsibility in the financial statement audit is to read the other information and, in doing so, identify material
differences between the other information and the financial statement or with the knowledge obtained in the courseof the audit, and attention should be paid to whether there are any indication of such material errors in thedescription other than material differences.
The audit firm is required to report if the other information is deemed to be materially misstated.
There are no matters to be reported by the audit firm with respect to the other information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance withaccounting principles generally accepted in Japan, and for such internal control as management determines isnecessary 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 agoing 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 frommaterial 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 accordancewith 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, they45

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 sufficientand appropriate to provide a basis for our opinion.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that areappropriate in the circumstances, while the purpose of the financial statement audit is not to express andopinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates andrelated 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 thefinancial 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 withaccounting 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 andtiming 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 ethicalrequirements 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 whichshould be disclosed pursuant to the provisions of the Certified Public Accountants Act.

(Note)The original has been retained separately by the Company.

46

1

Financial Statements
Listed Index Fund TOPIX(1) Balance Sheet(Unit:yen)
21st Calculation Period As of
July 8, 2022

22nd Calculation Period As of
July 8, 2023

AssetsCurrent Assets
Call loans

1,003,540,348,062

1,087,331,722,468

Stocks7,240,388,379,560

8,658,471,277,710

Valuation account of derivatives

1,200,150

186,522,750

Accounts receivable

119,112,308,740

131,859,858,040

Dividends receivable

6,717,011,072

9,633,716,775

Accrued interest

20,310,842

71,380,415

Advance payments

2,717,276,300-

Other accrued income

4,526,232,897

2,562,677,808

Total Current Assets

8,377,023,067,623

9,890,117,155,966

8,377,023,067,623

9,890,117,155,966

Total Assets
Liabilities
Current Liabilities
Valuation account of derivatives
Advances received

527,383,050

329,046,250-

2,523,100,100

Accounts payable

1,866,136,100-

Dividends payable

176,243,978,536

194,523,763,152

Trustee fees payable

2,632,255,112

2,724,330,373

Trustor fees payable

5,284,714,044

5,460,444,158

Interest payable
Cash collateral received

7,328

2,769,452

925,779,112,752

999,502,030,201

Other accrued expenses

590,287,824

625,873,892

Total Current Liabilities

1,112,923,874,746

1,205,691,357,578

1,112,923,874,746

1,205,691,357,578

3,765,057,780,177

3,753,438,975,475

3,499,041,412,700

4,930,986,822,913

Total Liabilities
Net Assets
Principal, etc.
Principal
Retained Earnings
Retained earnings (loss) at theend of the year
(Reserve for distribution)
Total Principal, Etc.
Total Net Assets
Total Liabilities and Net Assets

44,550,538

81,953,515

7,264,099,192,877

8,684,425,798,388

7,264,099,192,877

8,684,425,798,388

8,377,023,067,623

9,890,117,155,966

47

(2) Statement of Profit and Loss and Retained Earnings(Unit:yen)
21st Calculation Period From
July 9, 2021 To July 8, 2022

22nd Calculation Period From
July 9, 2022 To July 8, 2023

Operating Revenue
Dividend income

171,519,171,301

Interest income△350,028,939

178,982,634,897△814,428,110

Gain or loss on sales of securities△130,044,519,285

1,429,404,434,115

Gain or loss on derivative trading△6,228,820,650

20,953,838,800

Other income

15,067,995,307

26,089,524,428

Total operating revenue

49,963,797,734

1,654,616,004,130

Operating Expenses
Interest paid-

9,931,975

Trustee fees

2,632,255,112

2,724,330,373

Trustor fees

5,284,714,044

5,460,444,158

Other expenses

2,102,859,550

1,501,858,580

Total operating expenses

10,019,828,706

9,696,565,086

Operating income or operating loss

39,943,969,028

1,644,919,439,044

Ordinary income or ordinary loss

39,943,969,028

1,644,919,439,044

Net Income or Net Loss for the Period

39,943,969,028

1,644,919,439,044

Distribution of net income for the periodancillary to partial conversions or
distribution of net loss for the year ancillary
to partial conversions--

Retained earnings or loss at the beginning of
the period

3,598,713,045,731

3,499,041,412,700

203,091,099,553

142,452,908,669

An increase in retained earnings or adecrease in loss ancillary to partial
conversions during the period--

An increase in retained earnings or adecrease in loss ancillary to additional
trust creations during the period

203,091,099,553

142,452,908,669

166,462,723,076

160,903,174,348

A decrease in retained earnings or an
increase in loss ancillary to partial
conversions during the period

166,462,723,076

160,903,174,348

A decrease in retained earnings or an
increase in loss ancillary to additional
trust creations during the period--

An increase in retained earnings or adecrease in loss

A decrease in retained earnings or an
increase in loss

Distribution
Retained earnings (loss) at the end of theyear

176,243,978,536

194,523,763,152

3,499,041,412,700

4,930,986,822,913

48

(3) Notes(Notes regarding Significant Accounting Policies)
1.

Standards andsecurities valuation

methods

2.

Standards and methods
derivatives evaluationof Stocks are valued at fair market value in principle, based on the moving averagemethod 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 theclosing price on the exchange on the last day of the calculation period (or theclosing price on the closest known day to the last day of the calculation period forforeign 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 theJapan Securities Dealers Association; or prices offered by financial instruments
business operators, banks, etc. (excluding bid prices); or prices offered by priceproviding 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 thatan obtained assessment value cannot be determined to be the market value, thesecurities are valued at either the price that the Investment Trust Management
Company establishes to be the market value by exercising due diligence and bybasing its determination on a rational reason, or the value that is determined tobe the market value jointly by the Investment Trust Management Company and
the Trustee upon mutual consultation and based on a rational reason.
of Derivatives Transactions
As a general rule, derivatives transactions are valued at fair market value, basedon the specific identification method.

(Notes to the Balance Sheet)
1. Principal at the beginning of theyear
Additional creation of principal
during the year
Partial conversion of principal
during the year
2. Total number of beneficial
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
4. Securities loaned under lending
and borrowing contracts forsecurities are as follows:
Stocks21st YearAs of July 8, 2022
3,728,017,268,081 yen

22nd YearAs of July 8, 2023
3,765,057,780,177 yen

195,963,939,200 yen

133,005,084,100 yen

158,923,427,104 yen

144,623,888,802 yen

3,776,386,941 units

3,764,733,175 units

28,423,811,920 yen

35,547,591,600 yen

894,352,114,040 yen

933,519,168,880 yen

49

(Notes to Statement of Profit and Loss and Retained Earnings)
21st Year
From July 9, 2021
To July 8, 2022
Process for calculation of dividends
A Dividends and otherincome for the period
B Reserve for distribution
C Total dividends andother income (A+B)
D Miscellaneous expenses
E Possible amount ofdividend (C-D)
F Profit distribution
G Carry forward (Reservefor distribution) (E-F)
H Number of units
I Dividend amount(per 100 units)

22nd Year
From July 9, 2022
To July 8, 2023
Process for calculation of dividends
186,237,137,669 yenA71,220,111 yen
186,308,357,780 yen

BC

10,019,828,706 yen
176,288,529,074 yen

DE

176,243,978,536 yen
44,550,538 yenFG3,776,386,941 units
4,667 yen

H
I

Dividends and otherincome for the period
Reserve for distribution
Total dividends andother income (A+B)
Miscellaneous expenses
Possible amount ofdividend (C-D)
Profit distribution
Carry forward (Reservefor distribution) (E-F)
Number of units
Dividend amount(per 100 units)

204,247,799,240 yen
44,550,538 yen
204,292,349,778 yen
9,686,633,111 yen
194,605,716,667 yen
194,523,763,152 yen
81,953,515 yen
3,764,733,175 units
5,167 yen

(Notes Regarding Financial Instruments)
I Matters concerning the state of financial instruments
21st Year
From July 9, 2021
To July 8, 2022
Policy on handling of financial
The fund makes investments in
instruments
financial instruments such as securities
and derivative transactions as
securities investment trusts based on
the basic investment policy prescribedin the trust deed.
Details of financial instruments and Major securities in which the fundrisk 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 purposeof trading. Major derivativetransactions include futurestransactions and option contracts, etc.
and may be carried out to contribute to
the effective investment of assets
belonging to trust assets. Pricefluctuation risk, liquidity risk andcredit 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 fromManagement Division and the Sales
Division, is established to centralize themonitoring and guidance of the entire
company’s risk management activities.

50

22nd Year
From July 9, 2022
To July 8, 2023

Same as left

Same as left

Same as left

II Matters concerning the fair market value, etc. of financial instruments
21st YearAs of July 8, 2022

22nd YearAs of July 8, 2023

Amount recorded on balance sheet,fair market value and difference
between themAmounts are recorded on the balance
sheet based on fair market values as ofSame as leftthe 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 leftof securities valuation” of the “Notes
regarding Significant Accounting
Policies”(2) Derivative transactions(2) Derivative transactions
Stated in the “Notes regarding
Same as leftderivative transactions, etc.”(3) Financial instruments other than(3) Financial instruments other than
the above
the above
These financial instruments will besettled within a short period of time,
and their fair market values
approximate their book values. The fairSame as left
market value of these financial
instruments is therefore determined as
their book value.
Supplementary explanations
Certain assumptions, etc. are used toregarding the matters concerning the calculate the market values of financial
fair market value, etc. of financial
instruments. If different assumptions,
Same as left
instruments
etc. are used, the values may bedifferent.

(Notes Regarding Securities)
21st year (as of July 8, 2022)
Securities held for the purpose of trading(Unit: yen)Type

Valuation difference included in the profit and loss of the calculation
period under review

Stocks(136,269,091,469)
Total(136,269,091,469)

22nd year (as of July 8, 2023)
Securities held for the purpose of trading(Unit: yen)Type

Valuation difference included in the profit and loss of the calculation
period under review

Stocks

1,376,099,870,893
Total

1,376,099,870,893(Notes Regarding Derivative Transactions, etc.)
Matters concerning the fair market value, etc. of transactions(Stock-related)
21st year (as of July 8, 2022)

51

(Unit: yen)

Category

Type

Longerthan oneyear

Contracted amount, etc.

Fair market value

Valuation differenceMarketStock index
transaction
futurestransactions
Newpurchase
Total

24,168,856,500－

23,643,360,000(525,496,500)

24,168,856,500－

23,643,360,000(525,496,500)

22nd year (as of July 8, 2023)(Unit: yen)

Category

Type

Contracted amount, etc.

Longer
than
one
year

Fair market value

Valuation differenceMarketStock index
transaction futurestransactions
Newpurchase
Total(Note)

2.
3.
4.

26,062,891,000－

25,921,000,000(141,891,000)

26,062,891,000－

25,921,000,000(141,891,000)

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 basedon liquidation prices or closing prices announced by a principal stock exchange on theclosest known day to the last day of the calculation period. Where such prices have not beenannounced, the fair market values of stock index futures transactions are assessed basedon closing prices or quoted prices, etc. that are closest to the last day of the calculation
period, using a method conforming to the principle.
The outstanding balance of stock index futures transactions is indicated based oncontracted amounts.
Contracted amounts, etc. do not include an amount equivalent to fees.
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)

21st YearAs of July 8, 2022

Net assets per unit
(Net assets per 100 units)

22nd YearAs of July 8, 2023

1,923.56 yen Net assets per unit
(192,356 yen) (Net assets per 100 units)52

2,306.78 yen(230,678 yen)(4) Supplementary Schedules
1 Schedule of Securities(1) Stocks(Unit: yen)Name
KYOKUYO CO.,LTD.

Number ofsharesValuation
Unit Price

AmountRemarkLoaned securities(shares)

142,800

3,610.00

515,508,000

3,767,400

643.002,422,438,200

MARUHA NICHIRO CORPORATION

559,100

2,441.00

1,364,763,100

YUKIGUNI MAITAKE CO.,LTD.

320,800

937.00300,589,600

KANEKO SEEDS CO.,LTD.

115,300

1,404.00

161,881,200

SAKATA SEED CORPORATION

428,800

4,125.00

1,768,800,000

HOKUTO CORPORATION

335,200

1,823.00

611,069,600

HOKURYO CO.,LTD.

41,600882.0036,691,200

100

SUMISEKI HOLDINGS,INC.

455,700

362.00164,963,400

323,500

NITTETSU MINING CO.,LTD.

151,100

4,595.00

694,304,500

10,300

MITSUI MATSUSHIMA HOLDINGS CO.,LTD.

170,700

2,729.00

465,840,300

121,200

13,934,000

1,602.00

22,322,268,000

450,400

JAPAN PETROLEUM EXPLORATION CO.,LTD.

436,500

4,360.00

1,903,140,000

500

K&O ENERGY GROUP INC.

170,800

2,272.00

388,057,600

SHO-BOND HOLDINGS CO.,LTD.

513,200

5,551.00

2,848,773,200

1,245,900

1,783.00

2,221,439,700

TAMA HOME CO.,LTD.

236,800

3,290.00

779,072,000

167,900

SANYO HOMES CORPORATION

35,500726.0025,773,000

25,000NIPPON AQUA CO.,LTD.

122,300

870.00106,401,000

FIRST-CORPORATION INC.

75,200793.0059,633,600

43,300BESTERRA CO.,LTD

63,2001,190.00

75,208,000

44,100ROBOT HOME,INC.

641,000

190.00121,790,000

334,400

CANDEAL CO.,LTD.

52,800593.0031,310,400

36,400DAISEKI ECO.SOLUTION CO.,LTD.

59,2001,353.00

80,097,600

DAI-ICHI CUTTER KOGYO K.K.

96,5001,382.00

133,363,000

HAZAMA ANDO CORPORATION

2,182,800

1,065.00

2,324,682,000

TOKYU CONSTRUCTION CO., LTD.

1,072,700

730.00783,071,000

COMSYS HOLDINGS CORPORATION

1,202,800

2,746.50

3,303,490,200

BR.HOLDINGS CORPORATION

598,200

388.00232,101,600

TAKAMATSU CONSTRUCTION GROUP
CO.,LTD.

244,900

2,507.00

613,964,300

TOKEN CORPORATION

108,300

7,430.00

804,669,000

41,300

SONEC CORPORATION

31,700971.0030,780,700

100

YAMAURA CORPORATION

190,800

1,138.00

217,130,400

21,000ORIENTAL SHIRAISHI CORPORATION

1,354,200

295.00399,489,000

TAISEI CORPORATION

2,465,900

5,014.00

12,364,022,600

800

OBAYASHI CORPORATION

9,425,200

1,225.50

11,550,582,600

4,153,200

SHIMIZU CORPORATION

7,472,800

899.606,722,530,880

114,100

NISSUI CORPORATIONINPEX CORPORATIONMIRAIT ONE CORPORATION

53

4,000

21,800305,700

225,500

749,000

18,5004,800

TOBISHIMA CORPORATION

291,100

1,267.00

368,823,700

2,720,300

1,762.50

4,794,528,750

MATSUI CONSTRUCTION CO.,LTD.

245,800

707.00173,780,600

THE ZENITAKA CORPORATION

25,9003,085.00

79,901,500

11,1005,843,500

2,152.50

12,578,133,750

100

FUDO TETRA CORPORATION

182,300

1,852.00

337,619,600

500

DAISUE CONSTRUCTION CO.,LTD.

74,7001,340.00

100,098,000

700

TEKKEN CORPORATION

189,000

2,033.00

384,237,000

NISHIMATSU CONSTRUCTION CO.,LTD.

446,900

3,515.00

1,570,853,500

SUMITOMO MITSUI CONSTRUCTION CO.,LTD.

2,124,900

372.00790,462,800

DAIHO CORPORATION

109,000

3,840.00

418,560,000

SATA CONSTRUCTION CO.,LTD.

131,000

468.0061,308,000

NAKANO CORPORATION

145,600

392.0057,075,200

OKUMURA CORPORATION

427,400

4,055.00

1,733,107,000

TOTETSU KOGYO CO.,LTD.

362,800

2,626.00

952,712,800

ICHIKEN CO.,LTD.

46,1001,955.00

90,125,500

FUJI P.S CORPORATION

91,600445.0040,762,000

19,000ASANUMA CORPORATION

211,100

3,305.00

697,685,500

2,200

3,242,200

770.702,498,763,540

26,400KUMAGAI GUMI CO.,LTD.

441,100

3,065.00

1,351,971,500

KITANO CONSTRUCTION CORP.

38,5003,035.00

116,847,500

UEKI CORPORATION

58,0001,399.00

81,142,000

YAHAGI CONSTRUCTION CO.,LTD.

358,600

1,223.00

438,567,800

P.S. MITSUBISHI CONSTRUCTION CO., LTD.

334,000

757.00252,838,000

NIHON HOUSE HOLDINGS CO.,LTD.

522,500

363.00189,667,500

SHINNIHON CORPORATION

369,900

1,225.00

453,127,500

TOA ROAD CORPORATION

104,900

4,540.00

476,246,000

THE NIPPON ROAD CO.,LTD.

53,0008,690.00

460,570,000

900

TOA CORPORATION

226,000

3,080.00

696,080,000

3,700

JDC CORPORATION

749,700

571.00428,078,700

282,600

WAKACHIKU CONSTRUCTION CO.,LTD.

117,300

2,941.00

344,979,300

13,700TOYO CONSTRUCTION CO.,LTD.

853,400

1,040.00

887,536,000

3,736,300

751.202,806,708,560

SEIKITOKYU KOGYO CO.,LTD.

338,500

1,420.00

480,670,000

FUKUDA CORPORATION

99,4004,730.00

470,162,000

51,3002,034,600

3,350.00

6,815,910,000

1,050,600

JAPAN FOUNDATION ENGINEERING
CO.,LTD.

123,900

504.0062,445,600

TOMOE CORPORATION

229,400

499.00114,470,600

7,287,400

3,697.00

26,941,517,800

RAITO KOGYO CO.,LTD.

487,900

1,968.00

960,187,200

SEKISUI HOUSE,LTD.

7,990,300

2,865.00

22,892,209,500

251,500

1,063.00

267,344,500

HASEKO CORPORATION

KAJIMA CORPORATIONTODA CORPORATIONPENTA-OCEAN CONSTRUCTION CO.,LTD.

SUMITOMO FORESTRY CO.,LTD.

DAIWA HOUSE INDUSTRY CO.,LTD.

NITTOC CONSTRUCTION CO.,LTD.

54

16,300159,500
66,80016,80012,300351,100

2,200

1,000

5,540,600

HOKURIKU ELECTRICAL CONSTRUCTION
CO.,LTD.

180,700

930.00168,051,000

YURTEC CORPORATION

580,600

865.00502,219,000

NIPPON RIETEC CO.,LTD.

231,700

1,348.00

312,331,600

YONDENKO CORPORATION

110,300

2,212.00

243,983,600

CHUDENKO CORPORATION

409,000

2,280.00

932,520,000

KANDENKO CO.,LTD.

1,444,000

1,180.00

1,703,920,000

KINDEN CORPORATION

1,855,300

1,973.50

3,661,434,550

TOKYO ENERGY & SYSTEMS INC.

262,100

947.00248,208,700

TOENEC CORPORATION

87,4003,615.00

315,951,000

SUMITOMO DENSETSU CO.,LTD.

250,700

3,145.00

788,451,500

NIPPON DENSETSU KOGYO CO.,LTD.

432,900

1,991.00

861,903,900

1,213,800

2,820.00

3,422,916,000

SHIN NIPPON AIR TECHNOLOGIES CO.,LTD.

146,400

2,320.00

339,648,000

KYUDENKO CORPORATION

640,900

3,969.00

2,543,732,100

SANKI ENGINEERING CO.,LTD.

584,400

1,501.00

877,184,400

JGC HOLDINGS CORPORATION

2,606,700

1,812.00

4,723,340,400

CHUGAI RO CO.,LTD.

86,2001,998.00

172,227,600

YAMATO CORPORATION

170,500

913.00155,666,500

TAIHEI DENGYO KAISHA,LTD.

163,500

4,265.00

697,327,500

TAKASAGO THERMAL ENGINEERING
CO.,LTD.

635,200

2,400.00

1,524,480,000

SANKO METAL INDUSTRIAL CO.,LTD.

25,1004,470.00

112,197,000

ASAHI KOGYOSHA CO.,LTD.

109,300

2,370.00

259,041,000

MEISEI INDUSTRIAL CO.,LTD.

453,300

952.00431,541,600

TAIKISHA LTD.

303,700

3,975.00

1,207,207,500

DAI-DAN CO.,LTD.

173,200

2,745.00

475,434,000

HIBIYA ENGINEERING,LTD.

226,100

2,147.00

485,436,700

PHIL COMPANY,INC.

46,500947.0044,035,500

27,300TESS HOLDINGS CO.,LTD.

567,200

727.00412,354,400

200,000

2,761,800

1,331.00

3,675,955,800

TOYO ENGINEERING CORPORATION

348,700

565.00197,015,500

RAIZNEXT CORPORATION

381,000

1,430.00

544,830,000

NIPPN CORPORATION

712,800

1,826.00

1,301,572,800

50,1002,446,700

1,695.00

4,147,156,500

45,000NITTO FUJI FLOUR MILLING CO.,LTD.

47,1004,570.00

215,247,000

SHOWA SANGYO CO.,LTD.

230,500

2,628.00

605,754,000

THE TORIGOE CO.,LTD.

164,800

615.00101,352,000

CHUBU SHIRYO CO.,LTD.

366,200

1,071.00

392,200,200

FEED ONE CO.,LTD.

386,700

749.00289,638,300

TOYO SUGAR REFINING CO.,LTD.

38,4001,746.00

67,046,400

NIPPON BEET SUGAR MANUFACTURING
CO.,LTD.

154,000

1,871.00

288,134,000

MITSUI DM SUGAR HOLDINGS CO.,LTD.

262,400

2,726.00

715,302,400

ENSUIKO SUGAR REFINING CO.,LTD.

246,200

212.0052,194,400

EXEO GROUP,INC.

INFRONEER HOLDINGS INC.

NISSHIN SEIFUN GROUP INC.

55

1,600

1,900

1,100

34,300

7,500

1,600

WELLNEO SUGAR CO.,LTD.

136,700

2,035.00

278,184,500

MORINAGA & CO.,LTD.

483,700

4,551.00

2,201,318,700

NAKAMURAYA CO.,LTD.

66,1003,060.00

202,266,000

13,700EZAKI GLICO CO.,LTD.

756,800

3,662.00

2,771,401,600

528,200

MEITO SANGYO CO.,LTD.

104,100

1,628.00

169,474,800

IMURAYA GROUP CO.,LTD.

144,600

2,219.00

320,867,400

33,200

FUJIYA CO.,LTD.

181,400

2,424.00

439,713,600

126,700

1,770,800

1,995.50

3,533,631,400

408,900

FIRST BAKING CO.,LTD.

39,000389.0015,171,000

11,100

MOROZOFF LIMITED

85,5003,740.00

319,770,000

60,600KAMEDA SEIKA CO.,LTD.

168,200

4,245.00

714,009,000

16,000KOTOBUKI SPIRITS CO.,LTD.

281,400

10,030.00

2,822,442,000

1,211,200

2,720.00

3,294,464,000

10,500MORINAGA MILK INDUSTRY CO.,LTD.

480,800

4,749.00

2,283,319,200

30,800

ROKKO BUTTER CO.,LTD.

194,000

1,298.00

251,812,000

133,800

YAKULT HONSHA CO.,LTD.

1,890,600

8,850.00

16,731,810,000

16,700

MEIJI HOLDINGS CO.,LTD.

3,243,700

3,266.00

10,593,924,200

1,300

MEGMILK SNOW BRAND CO.,LTD.

639,800

1,928.00

1,233,534,400

PRIMA MEAT PACKERS,LTD.

355,400

2,162.00

768,374,800

263,200

1,034,600

3,916.00

4,051,493,600

7,200

HAYASHIKANE SANGYO CO.,LTD.

62,700491.0030,785,700

18,200MARUDAI FOOD CO.,LTD.

266,300

1,480.00

394,124,000

188,800

S FOODS INC.

291,800

3,095.00

903,121,000

24,700

KAKIYASU HONTEN CO.,LTD.

103,200

2,321.00

239,527,200

34,2002,021,200

719.001,453,242,800

SAPPORO HOLDINGS LIMITED

871,000

3,611.00

3,145,181,000

120,600

ASAHI GROUP HOLDINGS,LTD.

6,113,600

5,558.00

33,979,388,800

2,469,500

KIRIN HOLDINGS COMPANY,LIMITED

11,939,600

2,085.00

24,894,066,000

3,274,300

TAKARA HOLDINGS INC.

1,806,000

1,137.00

2,053,422,000

1,500

OENON HOLDINGS,INC.

790,900

337.00266,533,300

800

YOMEISHU SEIZO CO.,LTD.

87,0001,844.00

160,428,000

2,000

COCA-COLA BOTTLERS JAPAN HOLDINGS
INC.

2,072,700

1,536.00

3,183,667,200

SUNTORY BEVERAGE & FOOD LIMITED

1,863,000

5,091.00

9,484,533,000

1,148,400

DYDO GROUP HOLDINGS,INC.

149,800

5,030.00

753,494,000

106,100

ITO EN,LTD.

896,500

3,827.00

3,430,905,500

7,500

KEY COFFEE INC

296,400

2,045.00

606,138,000

3,400

UNICAFE INC.

68,200915.0062,403,000

46,700JAPAN FOODS CO.,LTD.

32,3001,072.00

34,625,600

THE NISSHIN OILLIO GROUP,LTD.

372,700

3,635.00

1,354,764,500

FUJI OIL HOLDINGS INC.

615,900

1,982.00

1,220,713,800

KADOYA SESAME MILLS INCORPORATED

24,8003,440.00

85,312,000500

J-OIL MILLS, INC.

269,300

1,609.00

433,303,700

100

1,753,400

7,966.00

13,967,584,400

3,000

YAMAZAKI BAKING CO.,LTD.

CALBEE,INC.

NH FOODS LTD.

ITOHAM YONEKYU HOLDINGS INC.

KIKKOMAN CORPORATION

56

37,00074,200AJINOMOTO CO.,INC.

6,388,400

5,616.00

35,877,254,400

499,400

140,200

1,941.00

272,128,200

59,0001,421,800

2,451.00

3,484,831,800

433,300

809,900

3,276.00

2,653,232,400

19,5001,232,700

3,117.00

3,842,325,900

346,400

YAIZU SUISANKAGAKU INDUSTRY CO.,LTD.

80,600811.0065,366,600

1,400

ARIAKE JAPAN CO.,LTD.

230,800

5,285.00

1,219,778,000

3,100

PIETRO CO.,LTD.

29,7001,827.00

54,261,900

20,700

EBARA FOODS INDUSTRY,INC.

71,0002,880.00

204,480,000

YAMAMI COMPANY

19,6001,318.00

25,832,800

NICHIREI CORPORATION

1,212,200

3,052.00

3,699,634,400

TOYO SUISAN KAISHA,LTD.

1,337,000

6,115.00

8,175,755,000

EAT&HOLDINGS CO.,LTD

114,000

2,129.00

242,706,000

79,700DAIREI CO.,LTD.

25,4001,955.00

49,657,000

400

YOSHIMURA FOOD HOLDINGS K.K.

167,800

880.00147,664,000

118,600

NISSIN FOODS HOLDINGS CO.,LTD.

930,200

11,915.00

11,083,333,000

NAGATANIEN HOLDINGS CO.,LTD.

129,800

2,114.00

274,397,200

ICHIMASA KAMABOKO CO.,LTD.

88,300739.0065,253,700

61,600

FUJICCO CO.,LTD.

271,800

1,880.00

510,984,000

2,200ROCK FIELD CO.,LTD.

296,100

1,470.00

435,267,000

179,300

JAPAN TOBACCO INC.

17,417,400

3,096.00

53,924,270,400

10,814,300

KENKO MAYONNAISE CO.,LTD.

182,100

1,311.00

238,733,100

WARABEYA NICHIYO HOLDINGS CO.,LTD.

194,800

2,742.00

534,141,600

100

NATORI CO.,LTD.

166,200

1,944.00

323,092,800

8,100

IFUJI SANGYO CO.,LTD.

35,2001,107.00

38,966,400

PHARMA FOODS INTERNATIONAL CO.,LTD.

379,900

1,928.00

732,447,200

99,500EUGLENA CO.,LTD.

1,710,300

881.001,506,774,300

1,220,000

KIBUN FOODS INC.

206,500

1,032.00

213,108,000

142,600

PICKLES HOLDINGS CO.,LTD.

155,000

1,284.00

199,020,000

20,000MIYOSHI OIL & FAT CO.,LTD.

72,5001,025.00

74,312,500

RIKEN VITAMIN CO.,LTD.

228,600

2,018.00

461,314,800

KATAKURA INDUSTRIES CO.,LTD.

247,700

1,609.00

398,549,300

GUNZE LIMITED

191,200

4,370.00

835,544,000

TOYOBO CO.,LTD.

1,163,200

1,085.50

1,262,653,600

UNITIKA LTD.

812,500

233.00189,312,500

FUJIBO HOLDINGS,INC.

106,000

3,170.00

336,020,000

KURABO INDUSTRIES LTD.

201,000

2,246.00

451,446,000

SHIKIBO LTD.

116,300

1,020.00

118,626,000

THE JAPAN WOOL TEXTILE CO.,LTD.

709,800

1,020.00

723,996,000

331,000

DAITOBO CO.,LTD.

341,200

92.00

31,390,400

192,700

TOABO CORPORATION

81,700442.0036,111,400

4,700

DAIDOH LIMITED

301,400

301.0090,721,400

193,700

TEIKOKU SEN-I CO.,LTD.

303,400

1,644.00

498,789,600

200,700

BULL-DOG SAUCE CO.,LTD.
KEWPIE CORPORATIONHOUSE FOODS GROUP INC.
KAGOME CO.,LTD.

57

4,500

172,900

11,700TEIJIN LIMITED

2,585,900

1,476.00

3,816,788,400

31,900TORAY INDUSTRIES,INC.

18,033,400

798.4014,397,866,560

110,800

SUMINOE TEXTILE CO.,LTD.

43,2002,326.00

100,483,200

33,600NIPPON FELT COMPANY LIMITED

115,100

416.0047,881,600

18,500ICHIKAWA CO.,LTD.

26,2001,352.00

35,422,400

2,700

NITTO SEIMO CO.,LTD.

22,0001,386.00

30,492,000

8,900

ATSUGI CO.,LTD.

121,800

416.0050,668,800

28,000DYNIC CORPORATION

53,900775.0041,772,500

14,900SEIREN CO.,LTD.

519,600

2,433.00

1,264,186,800

378,400

SOTOH CO.,LTD.

66,100773.0051,095,300

TOKAI SENKO K.K.

20,3001,087.00

22,066,100

KOMATSU MATERE CO.,LTD.

390,200

672.00262,214,400

WACOAL HOLDINGS CORP.

490,400

2,921.50

1,432,703,600

HOGY MEDICAL CO.,LTD.

361,200

3,075.00

1,110,690,000

37,100KURAUDIA HOLDINGS CO.,LTD.

47,700837.0039,924,900

33,800TSI HOLDINGS CO.,LTD.

905,800

805.00729,169,000

MATSUOKA CORPORATION

56,7001,248.00

70,761,600

29,600WORLD CO.,LTD.

345,600

1,715.00

592,704,000

9,300

SANYO SHOKAI LTD.

79,9002,007.00

160,359,300

51,700NAIGAI CO.,LTD.

69,400294.0020,403,600

600

1,745,600

502.00876,291,200

59,9002,499.00

149,690,100

42,2001,249,300

20.00

24,986,000

985,900

GOLDWIN INC.

476,800

11,870.00

5,659,616,000

200

DESCENTE,LTD.

463,800

4,025.00

1,866,795,000

98,900KING CO.,LTD.

91,500635.0058,102,500

45,700

YAMATO INTERNATIONAL INC.

164,800

311.0051,252,800

116,200

TOKUSHU TOKAI PAPER CO.,LTD.

120,300

3,195.00

384,358,500

30,300OJI HOLDINGS CORPORATION

11,212,300

517.405,801,244,020

432,000NIPPON PAPER INDUSTRIES CO.,LTD.

1,401,800

1,184.00

1,659,731,200

53,900

MITSUBISHI PAPER MILLS LIMITED

251,800

567.00142,770,600

175,700

1,700,700

825.001,403,077,500

1,176,200

CHUETSU PULP & PAPER CO.,LTD.

84,5001,356.00

114,582,000

10,000TOMOEGAWA CO.,LTD.

65,800728.0047,902,400

41,2001,188,800

1,119.00

1,330,267,200

65,00050,100600.0030,060,000

RENGO CO.,LTD.

2,451,300

864.302,118,658,590

TOMOKU CO.,LTD.

155,500

2,074.00

322,507,000

THE PACK CORPORATION

200,000

3,030.00

606,000,000

141,300

KITANOTATSUJIN CORPORATION

1,134,100

278.00315,279,800

439,500

KURARAY CO.,LTD.

4,279,000

1,384.00

5,922,136,000

781,500

ASAHI KASEI CORPORATION

16,808,500

979.8016,468,968,300

70,800120,600

593.0071,515,800

ONWARD HOLDINGS CO.,LTD.
LOOK HOLDINGS INCORPORATEDKIMURATAN CORPORATIONHOKUETSU CORPORATIONDAIO PAPER CORPORATION
AWA PAPER & TECHNOLOGICALCOMPANY,INC.

KYOWA LEATHER CLOTH CO.,LTD.

58

24,200RESONAC HOLDINGS CORPORATION

2,601,200

2,285.50

5,945,042,600

1,188,300

SUMITOMO CHEMICAL COMPANY,LIMITED

19,966,700

435.708,699,491,190

1,504,600

112,300

4,425.00

496,927,500

1,271,600

6,117.00

7,778,377,200

RASA INDUSTRIES,LTD.

103,800

2,110.00

219,018,000

KUREHA CORPORATION

230,000

8,200.00

1,886,000,000

TAKI CHEMICAL CO.,LTD.

104,600

4,105.00

429,383,000

TAYCA CORPORATION

180,900

1,355.00

245,119,500

ISHIHARA SANGYO KAISHA,LTD.

486,900

1,267.00

616,902,300

KATAKURA & CO-OP AGRI CORPORATION

42,9001,221.00

52,380,900

NIPPON SODA CO.,LTD.

288,900

5,120.00

1,479,168,000

TOSOH CORPORATION

3,593,300

1,688.00

6,065,490,400

TOKUYAMA CORPORATION

869,300

2,355.00

2,047,201,500

CENTRAL GLASS CO.,LTD.

431,900

3,100.00

1,338,890,000

TOAGOSEI CO.,LTD.

1,349,600

1,296.00

1,749,081,600

396,100

OSAKA SODA CO.,LTD.

161,200

5,560.00

896,272,000

30,700KANTO DENKA KOGYO CO.,LTD.

520,400

986.00513,114,400

DENKA COMPANY LIMITED

978,900

2,692.50

2,635,688,250

SHIN-ETSU CHEMICAL CO.,LTD.

22,373,400

4,597.00

102,850,519,800

NIPPON CARBIDE INDUSTRIESCOMPANY,INCORPORATED

79,4001,424.00

113,065,600

SAKAI CHEMICAL INDUSTRY CO.,LTD.

205,000

1,900.00

389,500,000

1,200

DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD245,100

969.00237,501,900

29,700AIR WATER INC.

2,539,600

1,956.00

4,967,457,600

476,300NIPPON SANSO HOLDINGS CORPORATION

2,611,200

3,083.00

8,050,329,600

13,200NIPPON CHEMICAL INDUSTRIAL CO.,LTD.

89,7001,919.00

172,134,300

TOHO ACETYLENE CO.,LTD.

44,3001,416.00

62,728,800

1,000

NIHON PARKERIZING CO.,LTD.

1,332,500

1,058.00

1,409,785,000

20,900KOATSU GAS KOGYO CO.,LTD.

390,900

714.00279,102,600

TITAN KOGYO KABUSHIKI KAISHA

25,6001,388.00

35,532,800

9,700

SHIKOKU KASEI HOLDINGS CORPORATION

319,300

1,444.00

461,069,200

18,100TODA KOGYO CORP.

61,3002,272.00

139,273,600

43,400STELLA CHEMIFA CORPORATION

159,300

3,085.00

491,440,500

1,500

HODOGAYA CHEMICAL CO.,LTD.

76,1003,395.00

258,359,500

NIPPON SHOKUBAI CO.,LTD.

410,000

5,311.00

2,177,510,000

DAINICHISEIKA COLOR & CHEMICALS
MFG.CO.,LTD.

187,000

2,120.00

396,440,000

KANEKA CORPORATION

615,000

4,014.00

2,468,610,000

13,100

MITSUBISHI GAS CHEMICAL COMPANY,INC.

2,009,900

2,127.50

4,276,062,250

25,700

MITSUI CHEMICALS,INC.

2,219,100

4,128.00

9,160,444,800

800

JSR CORPORATION

2,512,900

4,099.00

10,300,377,100

1,066,200

TOKYO OHKA KOGYO CO.,LTD.

470,900

8,682.00

4,088,353,800

179,800

OSAKA ORGANIC CHEMICAL INDUSTRY
LTD.

202,700

2,883.00

584,384,100

SUMITOMO SEIKA CHEMICALSCOMPANY,LIMITED.
NISSAN CHEMICAL CORPORATION

59

4,200

69,50030,00024,20053,20088,500MITSUBISHI CHEMICAL GROUPCORPORATION

509,000

18,163,300

851.1015,458,784,630

KH NEOCHEM CO.,LTD.

448,000

2,283.00

1,022,784,000

DAICEL CORPORATION

3,748,400

1,298.00

4,865,423,200

398,600

5,619.00

2,239,733,400

SEKISUI CHEMICAL CO.,LTD.

5,456,500

2,020.50

11,024,858,250

ZEON CORPORATION

1,614,400

1,366.00

2,205,270,400

679,200

3,120.00

2,119,104,000

1,387,300

2,495.50

3,462,007,150

SEKISUI JUSHI CORPORATION

373,600

2,239.00

836,490,400

22,300C.I. TAKIRON CORPORATION

588,200

569.00334,685,800

500

ASAHI YUKIZAI CORPORATION

179,100

4,305.00

771,025,500

NICHIBAN CO.,LTD.

166,700

1,873.00

312,229,100

RIKEN TECHNOS CORPORATION

579,800

645.00373,971,000

OKURA INDUSTRIAL CO.,LTD.

124,800

2,179.00

271,939,200

SEKISUI KASEI CO.,LTD.

377,700

446.00168,454,200

GUN EI CHEMICAL INDUSTRY CO.,LTD.

63,3002,868.00

181,544,400

1,600

TIGERS POLYMER CORPORATION

95,500694.0066,277,000

600

MIRAIAL CO.,LTD.

64,1001,598.00

102,431,800

23,800DAIKI AXIS CO.,LTD.

76,900714.0054,906,600

53,600DAIKYONISHIKAWA CORPORATION

594,000

778.00462,132,000

TAKEMOTO YOHKI CO.,LTD.

70,500822.0057,951,000

42,500MORIROKU HOLDINGS COMPANY,LTD.

136,300

2,072.00

282,413,600

100

KEIWA INCORPORATED

174,200

1,080.00

188,136,000

116,200NIPPON KAYAKU CO.,LTD.

2,056,000

1,196.00

2,458,976,000

CARLIT HOLDINGS CO.,LTD.

241,700

807.00

195,051,900

NIPPON FINE CHEMICAL CO.,LTD.

153,000

2,922.00

447,066,000

8,900

FUSO CHEMICAL CO.,LTD.

249,800

4,500.00

1,124,100,000

2,100

TRI CHEMICAL LABORATORIES INC.

359,200

2,719.00

976,664,800

40,000ADEKA CORPORATION

938,400

2,744.50

2,575,438,800

NOF CORPORATION

832,400

5,880.00

4,894,512,000

11,000NEW JAPAN CHEMICAL CO.,LTD.

288,400

239.0068,927,600

76,500HARIMA CHEMICALS GROUP,INC.

146,800

873.00128,156,400

6,554,300

5,358.00

35,117,939,400

3,646,900

DKS CO.LTD.

96,6001,834.00

177,164,400

3,500

ISHIHARA CHEMICAL CO.,LTD.

122,900

1,637.00

201,187,300

NICCA CHEMICAL CO.,LTD.

84,100849.0071,400,900

23,000NIITAKA CO., LTD.

37,6002,067.00

77,719,200

10,100SANYO CHEMICAL INDUSTRIES,LTD.

165,500

4,200.00

695,100,000

YUKI GOSEI KOGYO CO.,LTD.

154,600

309.0047,771,400

8,200

DAI NIPPON TORYO COMPANY,LIMITED

328,400

929.00305,083,600

2,600

NIPPON PAINT HOLDINGS CO.,LTD.

11,910,100

1,129.50

13,452,457,950

1,156,700

KANSAI PAINT CO.,LTD.

2,465,500

2,090.00

5,152,895,000

93,000174,500

124.0021,638,000

119,300

SUMITOMO BAKELITE COMPANY,LIMITED

AICA KOGYO COMPANY,LIMITEDUBE CORPORATIONKAO CORPORATIONSHINTO PAINT COMPANY,LIMITED60

211,200

21,600198,600

19,20086,300CHUGOKU MARINE PAINTS,LTD.

442,100

1,178.00

520,793,800

NIHON TOKUSHU TORYO CO.,LTD.

132,900

1,123.00

149,246,700

FUJIKURA KASEI CO.,LTD.

361,500

459.00165,928,500

TAIYO HOLDINGS CO.,LTD.

409,300

2,654.00

1,086,282,200

1,051,800

2,623.00

2,758,871,400

734,100

SAKATA INX CORPORATION

598,800

1,233.00

738,320,400

392,400

TOYO INK SC HOLDINGS CO.,LTD.

527,100

2,126.00

1,120,614,600

139,700

T&K TOKA CO.,LTD.

239,200

1,174.00

280,820,800

6,300

FUJIFILM HOLDINGS CORPORATION

5,171,300

8,298.00

42,911,447,400

3,800

SHISEIDO COMPANY,LIMITED

5,627,200

6,290.00

35,395,088,000

2,330,500

LION CORPORATION

3,233,600

1,339.50

4,331,407,200

317,200

TAKASAGO INTERNATIONAL CORPORATION

182,200

2,662.00

485,016,400

2,600

MANDOM CORPORATION

582,000

1,385.00

806,070,000

32,200MILBON CO.,LTD.

399,300

4,908.00

1,959,764,400

99,300FANCL CORPORATION

1,178,900

2,522.50

2,973,775,250

200

KOSE CORPORATION

548,000

13,575.00

7,439,100,000

37,000COTA CO.,LTD.

248,200

1,607.00

398,857,400

C'BON COSMETICS CO.,LTD.

27,1001,553.00

42,086,300

9,300

POLA ORBIS HOLDINGS INC.

1,381,500

2,128.00

2,939,832,000

5,400

NOEVIR HOLDINGS CO.,LTD.

240,300

5,450.00

1,309,635,000

ADJUVANT HOLDINGS CO.,LTD.

50,900938.0047,744,200

29,500SHINNIHONSEIYAKU CO.,LTD.

153,700

1,396.00

214,565,200

101,100AXXZIA INC.

136,600

1,317.00

179,902,200

95,500S.T.CORPORATION

208,000

1,493.00

310,544,000

300

AGRO-KANESHO CO.,LTD.

107,800

1,636.00

176,360,800

68,700KONISHI CO.,LTD.

449,900

2,170.00

976,283,000

T.HASEGAWA CO.,LTD.

515,000

3,400.00

1,751,000,000

SEIKO PMC CORPORATION

106,600

579.0061,721,400

KOBAYASHI PHARMACEUTICAL CO.,LTD.

784,300

7,609.00

5,967,738,700

ARAKAWA CHEMICAL INDUSTRIES,LTD.

228,300

989.00225,788,700

MEC COMPANY LTD.

221,900

3,640.00

807,716,000

JAPAN PURE CHEMICAL CO.,LTD.

67,1002,519.00

169,024,900

TAKARA BIO INC.

726,000

1,618.00

1,174,668,000

1,700

JCU CORPORATION

301,000

3,300.00

993,300,000

100

NITTA GELATIN INC.

129,200

736.0095,091,200

91,700OAT AGRIO CO.,LTD.

85,7001,954.00

167,457,800

59,700DEXERIALS CORPORATION

735,900

3,088.00

2,272,459,200

156,000

EARTH CORPORATION

244,000

4,960.00

1,210,240,000

98,400

HOKKO CHEMICAL INDUSTRY CO.,LTD.

271,200

1,011.00

274,183,200

TAISEI LAMICK CO.,LTD.

85,0002,926.00

248,710,000

1,070,700

1,079.00

1,155,285,300

4,200

NIHON NOHYAKU CO.,LTD.

494,200

699.00345,445,800

200,700

ACHILLES CORPORATION

169,800

1,437.00

244,002,600

5,600

DIC CORPORATIONKUMIAI CHEMICAL INDUSTRY CO.,LTD.

61

157,500

309,500

154,800

ARISAWA MFG.CO.,LTD.

438,200

1,106.00

484,649,200

232,200

1,956,300

10,040.00

19,641,252,000

7,600

LEC,INC.

383,500

841.00322,523,500

17,600SANKO GOSEI LTD.

339,200

702.00238,118,400

29,500KIMOTO CO.,LTD.

308,300

193.0059,501,900

144,800

FUJIMORI KOGYO CO.,LTD.

213,000

3,515.00

748,695,000

MAEZAWA KASEI INDUSTRIES CO.,LTD.

173,900

1,500.00

260,850,000

72,300MIRAI INDUSTRY CO.,LTD.

96,5002,683.00

258,909,500

6,900

WAVELOCK HOLDINGS CO.,LTD.

62,600599.0037,497,400

44,100JSP CORPORATION

189,400

1,888.00

357,587,200

61,800FP CORPORATION

509,900

2,886.00

1,471,571,400

1,500

TENMA CORPORATION

219,900

2,555.00

561,844,500

SHIN-ETSU POLYMER CO.,LTD.

498,100

1,460.00

727,226,000

TOLI CORPORATION

470,200

340.00159,868,000

NIFCO INC.

972,300

4,081.00

3,967,956,300

VALQUA,LTD.

225,400

3,835.00

864,409,000

5,614,600

5,397.00

30,301,996,200

1,024,700

SHOEI CORPORATION

60,700596.0036,177,200

17,700KYOWA KIRIN CO.,LTD.

3,255,700

2,624.50

8,544,584,650

1,498,700

TAKEDA PHARMACEUTICAL COMPANY
LIMITED

23,850,100

4,410.00

105,178,941,000 Collateral Securities
550,000
Loaned Securities
684,400

ASTELLAS PHARMA INC.

25,458,200

2,061.00

52,469,350,200

1,029,200

SUMITOMO PHARMA CO.,LTD.

1,999,300

661.901,323,336,670

78,400SHIONOGI & CO.,LTD.

3,397,700

5,919.00

20,110,986,300

18,300

WAKAMOTO PHARMACEUTICAL CO.,LTD.

196,000

232.0045,472,000

28,900NIPPON SHINYAKU CO.,LTD.

635,300

5,424.00

3,445,867,200

100

CHUGAI PHARMACEUTICAL CO.,LTD.

8,436,000

3,907.00

32,959,452,000

221,200

KAKEN PHARMACEUTICAL CO.,LTD.

461,600

3,545.00

1,636,372,000

EISAI CO.,LTD.

3,278,100

9,382.00

30,755,134,200

ROHTO PHARMACEUTICAL CO.,LTD.

2,610,600

3,134.00

8,181,620,400

ONO PHARMACEUTICAL CO.,LTD.

5,199,400

2,527.00

13,138,883,800

4,800

HISAMITSU PHARMACEUTICAL CO.,INC.

599,000

3,697.00

2,214,503,000

10,000MOCHIDA PHARMACEUTICAL CO.,LTD.

309,500

3,210.00

993,495,000

SANTEN PHARMACEUTICAL CO.,LTD.

4,910,300

1,210.00

5,941,463,000

FUSO PHARMACEUTICAL INDUSTRIES,LTD.

85,5001,988.00

169,974,000

NIPPON CHEMIPHAR CO.,LTD.

21,0001,894.00

39,774,000

6,100

TSUMURA & CO.

848,400

2,638.50

2,238,503,400

500

KISSEI PHARMACEUTICAL CO.,LTD.

416,500

2,946.00

1,227,009,000

SEIKAGAKU CORPORATION

513,900

743.00381,827,700

EIKEN CHEMICAL CO.,LTD.

437,500

1,538.00

672,875,000

TORII PHARMACEUTICAL CO.,LTD.

144,700

3,620.00

523,814,000

JCR PHARMACEUTICALS CO.,LTD.

912,200

1,232.00

1,123,830,400

46,500TOWA PHARMACEUTICAL CO.,LTD.

414,100

1,737.00

719,291,700

100

NITTO DENKO CORPORATIONUNICHARM CORPORATION

62

14,400900

1,000FUJI PHARMA CO.,LTD.

199,000

1,129.00

224,671,000

ZERIA PHARMACEUTICAL CO.,LTD.

373,600

2,353.00

879,080,800

35,300SOSEI GROUP CORPORATION

926,100

1,506.00

1,394,706,600

647,900

DAIICHI SANKYO COMPANY,LIMITED

23,477,800

4,133.00

97,033,747,400

1,333,200

KYORIN PHARMACEUTICAL CO.,LTD.

584,300

1,722.00

1,006,164,600

2,600

TAIKO PHARMACEUTICAL CO.,LTD.

525,000

351.00184,275,000

367,200

DAITO PHARMACEUTICAL CO.,LTD.

188,300

2,215.00

417,084,500

69,2006,166,000

5,216.00

32,161,856,000

4,308,000

598,900

5,324.00

3,188,543,600

1,306,400

1,985.00

2,593,204,000

ASKA PHARMACEUTICAL HOLDINGS
CO.,LTD.

276,400

1,417.00

391,658,800

SAWAI GROUP HOLDINGS CO.,LTD.

616,100

3,644.00

2,245,068,400

2,430,500

117.00284,368,500

NICHIREKI CO.,LTD.

318,400

1,875.00

597,000,000

YUSHIRO CHEMICAL INDUSTRY CO.,LTD.

139,700

1,042.00

145,567,400

BP CASTROL K.K.

80,800872.0070,457,600

24,100

FUJI OIL COMPANY,LTD.

549,900

273.00150,122,700

27,400MORESCO CORPORATION

68,2001,175.00

80,135,000

27,400IDEMITSU KOSAN CO.,LTD.

2,993,100

2,889.00

8,647,065,900

20,400ENEOS HOLDINGS,INC.

45,713,600

496.9022,715,087,840

134,900

COSMO ENERGY HOLDINGSCOMPANY,LIMITED

1,065,400

3,946.00

4,204,068,400

THE YOKOHAMA RUBBERCOMPANY,LIMITED

1,533,300

3,075.00

4,714,897,500

TOYO TIRE CORPORATION

1,548,600

1,869.00

2,894,333,400

240,800

BRIDGESTONE CORPORATION

8,605,900

5,750.00

49,483,925,000

6,020,800

SUMITOMO RUBBER INDUSTRIES,LTD.

2,643,200

1,397.00

3,692,550,400

682,100

FUJIKURA COMPOSITES INC.

148,400

967.00143,502,800

104,800

OKAMOTO INDUSTRIES,INC.

145,500

3,880.00

564,540,000

FUKOKU CO.,LTD.

141,600

1,456.00

206,169,600

NITTA CORPORATION

273,800

3,120.00

854,256,000

SUMITOMO RIKO COMPANY LIMITED

522,700

834.00435,931,800

17,000

MITSUBOSHI BELTING LTD.

393,200

4,500.00

1,769,400,000

28,200BANDO CHEMICAL INDUSTRIES,LTD.

427,000

1,450.00

619,150,000

NITTO BOSEKI CO.,LTD.

303,300

2,331.00

706,992,300

6,000

AGC INC.

2,742,600

4,959.00

13,600,553,400

822,600NIPPON SHEET GLASS COMPANY,LIMITED

1,374,200

645.00886,359,000

ISHIZUKA GLASS CO.,LTD.

32,6001,586.00

51,703,600

NIHON YAMAMURA GLASS CO.,LTD.

78,4001,116.00

87,494,400

NIPPON ELECTRIC GLASS CO.,LTD.

1,100,100

2,506.50

2,757,400,650

458,100

OHARA INC.

127,900

1,430.00

182,897,000

88,700SUMITOMO OSAKA CEMENT CO.,LTD.

379,400

3,646.00

1,383,292,400

100

TAIHEIYO CEMENT CORPORATION

1,716,100

2,777.00

4,765,609,700

3,800

OTSUKA HOLDINGS CO.,LTD.
TAISHO PHARMACEUTICAL HOLDINGS
CO.,LTD.
PEPTIDREAM INC.

NIPPON COKE & ENGINEERINGCOMPANY,LIMITED

63

479,300

107,600

800
441,800

23,000NIPPON HUME CORPORATION

235,900

732.00172,678,800

NIPPON CONCRETE INDUSTRIES CO.,LTD.

522,600

325.00169,845,000

1,200

MITANI SEKISAN CO.,LTD.

113,000

4,415.00

498,895,000

100

ASIA PILE HOLDINGS CORPORATION

421,000

605.00254,705,000

TOKAI CARBON CO.,LTD.

2,260,300

1,274.00

2,879,622,200

1,178,700

NIPPON CARBON CO.,LTD.

154,600

4,190.00

647,774,000

35,100TOYO TANSO CO.,LTD.

168,800

5,230.00

882,824,000

9,800

NORITAKE CO.,LIMITED

134,200

5,440.00

730,048,000

2,900

TOTO LTD.

1,778,400

4,197.00

7,463,944,800

2,200

NGK INSULATORS,LTD.

3,133,400

1,654.50

5,184,210,300

6,500

NITERRA CO.,LTD.

2,051,700

2,936.00

6,023,791,200

11,400DANTO HOLDINGS CORPORATION

147,700

772.00114,024,400

103,500

MARUWA CO.,LTD.

99,50021,980.00

2,187,010,000

2,300

SHINAGAWA REFRACTORIES CO.,LTD.

75,8005,570.00

422,206,000

KROSAKI HARIMA CORPORATION

55,0008,860.00

487,300,000

YOTAI REFRACTORIES CO.,LTD.

145,300

1,435.00

208,505,500

1,000

TYK CORPORATION

191,900

349.0066,973,100

2,300

NIKKATO CORPORATION

93,900669.0062,819,100

18,100

FUJIMI INCORPORATED

643,900

3,485.00

2,243,991,500

242,400

KUNIMINE INDUSTRIES CO.,LTD.

61,0001,018.00

62,098,000

5,700

A&A MATERIAL CORPORATION

38,3001,104.00

42,283,200

NICHIAS CORPORATION

681,400

2,907.00

1,980,829,800

NICHIHA CORPORATION

337,600

3,050.00

1,029,680,000

100

NIPPON STEEL CORPORATION

12,414,100

2,993.50

37,161,608,350

5,187,600

KOBE STEEL,LTD.

5,575,700

1,395.00

7,778,101,500

102,600

NAKAYAMA STEEL WORKS,LTD.

570,400

857.00488,832,800

405,300

GODO STEEL,LTD.

137,800

3,680.00

507,104,000

JFE HOLDINGS,INC.

7,409,100

1,989.50

14,740,404,450

265,500

TOKYO STEEL MANUFACTURING CO.,LTD.

779,100

1,301.00

1,013,609,100

210,600

KYOEI STEEL LTD.

315,800

1,973.00

623,073,400

9,300

YAMATO KOGYO CO.,LTD.

457,200

6,121.00

2,798,521,200

30,700TOKYO TEKKO CO.,LTD.

131,800

3,250.00

428,350,000

88,200OSAKA STEEL CO.,LTD.

127,400

1,373.00

174,920,200

28,000YODOGAWA STEEL WORKS,LTD.

315,000

3,245.00

1,022,175,000

20,400CHUBU STEEL PLATE CO.,LTD.

227,600

1,878.00

427,432,800

29,100MARUICHI STEEL TUBE LTD.

844,100

3,215.00

2,713,781,500

6,200

MORY INDUSTRIES INC.

49,2003,410.00

167,772,000

DAIDO STEEL CO.,LTD.

349,300

5,952.00

2,079,033,600

NIPPON KOSHUHA STEEL CO.,LTD.

72,300366.0026,461,800

51,300NIPPON YAKIN KOGYO CO.,LTD.

202,400

4,195.00

849,068,000

700

SANYO SPECIAL STEEL CO.,LTD.

273,900

2,772.00

759,250,800

AICHI STEEL CORPORATION

159,800

3,120.00

498,576,000

NIPPON KINZOKU CO.,LTD.

47,100950.0044,745,000

64

31,800PACIFIC METALS CO.,LTD.

196,700

1,520.00

298,984,000

63,600NIPPON DENKO CO.,LTD.

1,653,800

282.00466,371,600

976,500

KURIMOTO,LTD.

131,600

2,286.00

300,837,600

KOGI CORPORATION

26,0001,220.00

31,720,000

2,300

NIPPON CHUTETSUKAN K.K.

20,9001,075.00

22,467,500

12,000

MITSUBISHI STEEL MFG.CO.,LTD.

173,700

1,443.00

250,649,100

NICHIA STEEL WORKS,LTD.

218,500

320.0069,920,000

NIPPON SEISEN CO.,LTD.

37,7004,860.00

183,222,000600

ENVIPRO HOLDINGS INC.

148,200

542.0080,324,400

103,400

SNT CORPORATION

232,200

255.0059,211,000

ARAYA INDUSTRIAL CO.,LTD.

46,8002,349.00

109,933,200

22,100DAIKI ALUMINIUM INDUSTRY CO.,LTD.

394,500

1,464.00

577,548,000

100

NIPPON LIGHT METAL HOLDINGSCOMPANY,LTD.

747,500

1,456.00

1,088,360,000

MITSUI MINING AND SMELTING
COMPANY,LIMITED

806,500

3,248.00

2,619,512,000

TOHO ZINC CO.,LTD.

163,800

1,701.00

278,623,800

59,700

MITSUBISHI MATERIALS CORPORATION

1,849,800

2,534.00

4,687,393,200

3,100

SUMITOMO METAL MINING CO.,LTD.

3,214,500

4,577.00

14,712,766,500

12,600

DOWA HOLDINGS CO.,LTD.

622,900

4,516.00

2,813,016,400

28,500FURUKAWA CO.,LTD.

406,400

1,522.00

618,540,800

1,295,200

24.00

31,084,800

918,400

OSAKA TITANIUM TECHNOLOGIES CO.,LTD.

406,800

3,045.00

1,238,706,000

287,900

TOHO TITANIUM COMPANY,LIMITED

501,300

1,667.00

835,667,100

356,200

UACJ CORPORATION

388,500

2,743.00

1,065,655,500

81,300CK SAN-ETSU CO.,LTD.

66,8004,125.00

275,550,000

8,500

FURUKAWA ELECTRIC CO.,LTD.

923,100

2,556.50

2,359,905,150

600

SUMITOMO ELECTRIC INDUSTRIES,LTD.

9,573,600

1,716.00

16,428,297,600

FUJIKURA LTD.

2,973,100

1,178.00

3,502,311,800

SWCC CORPORATION

309,800

1,936.00

599,772,800

TATSUTA ELECTRIC WIRE AND CABLE
CO.,LTD.

564,000

706.00398,184,000

CANARE ELECTRIC CO.,LTD.

33,4001,354.00

45,223,600

HIRAKAWA HEWTECH CORP.

159,400

1,563.00

249,142,200

111,500

RYOBI LIMITED295,200

2,065.00

609,588,000

44,000

AHRESTY CORPORATION

238,400

695.00165,688,000

1,121,300

1,920.00

2,152,896,000

206,900

INABA SEISAKUSHO CO.,LTD.

144,100

1,618.00

233,153,800

102,300

MIYAJI ENGINEERING GROUP,INC.

76,5003,945.00

301,792,500

TOCALO CO.,LTD.

737,900

1,441.00

1,063,313,900

1,000

ALPHA CORPORATION

78,9001,292.00

101,938,800

3,100

SUMCO CORPORATION

5,278,200

2,000.00

10,556,400,000

KAWADA TECHNOLOGIES,INC.

65,4005,700.00

372,780,000

RS TECHNOLOGIES CO.,LTD.

184,900

3,050.00

563,945,000

JTEC CORPORATION

28,9002,239.00

64,707,100

S.SCIENCE COMPANY,LTD.

ARE HOLDINGS,INC.

65

500

1,500
393,600

2,411,000

20,500SHINWA CO.,LTD.

119,000

761.0090,559,000

1,653,800

2,089.50

3,455,615,100

HOKKAN HOLDINGS LIMITED

148,900

1,383.00

205,928,700

CORONA CORPORATION

154,800

905.00140,094,000

YOKOGAWA BRIDGE HOLDINGS CORP.

347,000

2,526.00

876,522,000

KOMAIHALTEC INC.

35,0001,859.00

65,065,000

TAKADAKIKO (STEEL CONSTRUCTION)
CO.,LTD.

17,3002,707.00

46,831,100

2,553,300

1,849.00

4,721,051,700

200

BUNKA SHUTTER CO.,LTD.

798,000

1,086.00

866,628,000

579,000

SANKYO TATEYAMA,INC.

317,100

807.00255,899,700

ALINCO INCORPORATED

211,400

990.00209,286,000

200

TOYO SHUTTER CO.,LTD.

49,400621.0030,677,400

400

4,039,300

1,793.50

7,244,484,550

80,300NIPPON FILCON CO.,LTD.

140,400

467.0065,566,800

99,000NORITZ CORPORATION

408,400

1,689.00

689,787,600

133,900

CHOFU SEISAKUSHO CO.,LTD.

279,300

2,500.00

698,250,000

194,900

1,508,000

3,049.00

4,597,892,000

900

DAINICHI CO.,LTD.

107,200

727.0077,934,400

3,300

NITTOSEIKO CO.,LTD.

401,800

619.00248,714,200

SANYO INDUSTRIES,LTD.

24,8001,954.00

48,459,200

2,600

OKABE CO.,LTD.

445,700

737.00328,480,900

150,300

G-TEKT CORPORATION

309,000

1,795.00

554,655,000

TOPRE CORPORATION

488,500

1,606.00

784,531,000

NETUREN CO.,LTD.

427,500

982.00419,805,000

TOKYO ROPE MFG.CO.,LTD

163,500

1,155.00

188,842,500

SUNCALL CORPORATION

191,700

536.00102,751,200

122,200

MOLITEC STEEL CO.,LTD.

158,700

288.0045,705,600

85,500PIOLAX,INC.

382,400

2,191.00

837,838,400

H-ONE CO.,LTD.

285,300

818.00233,375,400

NHK SPRING CO.,LTD.

2,452,500

1,046.50

2,566,541,250

CHUO SPRING CO.,LTD.

205,400

694.00142,547,600

100

ADVANEX INC.

26,3001,000.00

26,300,000

12,000TACHIKAWA CORPORATION

125,200

1,241.00

155,373,200

80,800MIMASU SEMICONDUCTOR INDUSTRY
CO.,LTD.

214,000

3,005.00

643,070,000

NIPPON DRY-CHEMICAL CO.,LTD.

50,5001,818.00

91,809,000

THE JAPAN STEEL WORKS,LTD.

747,500

2,989.50

2,234,651,250

MIURA CO.,LTD.

1,133,100

3,577.00

4,053,098,700

TAKUMA CO.,LTD.

834,000

1,421.00

1,185,114,000

TSUGAMI CORPORATION

602,900

1,326.00

799,445,400

OKUMA CORPORATION

271,300

7,391.00

2,005,178,300

1,000

SHIBAURA MACHINE CO.,LTD.

271,100

4,740.00

1,285,014,000

3,400

4,330,300

1,385.50

5,999,630,650

25,800TOYO SEIKAN GROUP HOLDINGS,LTD.

SANWA HOLDINGS CORPORATION

LIXIL CORPORATIONRINNAI CORPORATIONAMADA CO.,LTD.

66

2,700

1,200

151,000
6,900

10,900AIDA ENGINEERING,LTD.

558,300

935.00522,010,500

TAKISAWA MACHINE TOOL CO.,LTD.

55,5001,342.00

74,481,000

1,179,600

2,608.00

3,076,396,800

300,200

5,440.00

1,633,088,000

1,295,600

1,912.00

2,477,187,200

404,100

DIJET INDUSTRIAL CO.,LTD.

21,100877.0018,504,700

15,600ASAHI DIAMOND INDUSTRIAL CO.,LTD.

758,100

866.00656,514,600

10,4001,645,300

2,410.00

3,965,173,000

1,151,000

715,800

704.00503,923,200

400

DISCO CORPORATION

1,306,100

23,105.00

30,177,440,500

4,600

NITTO KOHKI CO.,LTD.

131,500

1,923.00

252,874,500

NS TOOL CO.,LTD.

226,400

1,095.00

247,908,000

15,900

PUNCH INDUSTRY CO.,LTD.

190,500

490.0093,345,000

109,900

FUJI DIE CO.,LTD.

98,500655.0064,517,500

74,800HOWA MACHINERY,LTD.

114,700

805.0092,333,500

80,200ISHIKAWA SEISAKUSHO,LTD.

53,9001,352.00

72,872,800

37,700TOYO MACHINERY & METAL CO.,LTD.

145,600

695.00101,192,000

700

TSUDAKOMA CORP.

38,300444.0017,005,200

19,700ENSHU LIMITED

44,700829.0037,056,300

16,900SHIMA SEIKI MFG.,LTD.

431,700

1,817.00

784,398,900

9,800

OPTORUN CO.,LTD.

401,200

2,288.00

917,945,600

NC HOLDINGS CO.,LTD.

42,9002,223.00

95,366,700

IWAKI CO.,LTD.

180,800

1,372.00

248,057,600700

FURYU CORPORATION

284,400

1,267.00

360,334,800

100

YAMASHIN-FILTER CORP.

647,200

300.00

194,160,000

91,300HISAKA WORKS,LTD.

263,100

912.00239,947,200

YAMABIKO CORPORATION

443,200

1,553.00

688,289,600

NOMURA MICRO SCIENCE CO.,LTD.

91,8006,430.00

590,274,000

HIRATA CORPORATION

129,700

8,340.00

1,081,698,000

8,300

PEGASUS CO.,LTD.

299,400

577.00172,753,800

24,700

MARUMAE CO.,LTD.

118,100

1,768.00

208,800,800

83,800TAZMO CO.,LTD.

148,400

2,316.00

343,694,400

54,6001,703,100

3,055.00

5,202,970,500

801,500

MODEC,INC.

340,100

1,560.00

530,556,000

RHEON AUTOMATIC MACHINERY CO.,LTD.

285,300

1,392.00

397,137,600

SMC CORPORATION

880,100

76,900.00

67,679,690,000

HOSOKAWA MICRON CORPORATION

173,900

3,480.00

605,172,000

8,400

UNION TOOL CO.

119,300

3,245.00

387,128,500

14,200ZUIKO CORPORATION

195,300

1,170.00

228,501,000

OILES CORPORATION

379,100

1,943.00

736,591,300

NISSEI ASB MACHINE CO.,LTD.

108,000

4,025.00

434,700,000

SATO HOLDINGS CORPORATION

386,000

1,911.00

737,646,000

7,300

GIKEN LTD.

255,000

1,989.00

507,195,000

65,300

FUJI CORPORATIONMAKINO MILLING MACHINE CO.,LTD.
OSG CORPORATIONDMG MORI CO.,LTD.
SODICK CO.,LTD.

NABTESCO CORPORATION

67

100

98,800265,500

AIRTECH JAPAN,LTD.

136,900

1,208.00

165,375,200

KAWATA MFG.CO.,LTD.

60,9001,125.00

68,512,500

NISSEI PLASTIC INDUSTRIAL CO.,LTD.

201,400

976.00196,566,400

OKADA AIYON CORPORATION

64,8002,332.00

151,113,600

36,100Y.A.C.HOLDINGS CO.,LTD.

89,2002,780.00

247,976,000

63,200

KOMATSU LTD.

12,716,300

3,727.00

47,393,650,100

1,324,700

SUMITOMO HEAVY INDUSTRIES,LTD.

1,605,500

3,359.00

5,392,874,500

432,900

HITACHI CONSTRUCTION MACHINERYCO.,LTD.

1,080,800

3,898.00

4,212,958,400

NIKKO CO.,LTD.

402,000

653.00262,506,000

TOMOE ENGINEERING CO.,LTD. (TOMOEKOGYO CO.,LTD.)

116,400

2,762.00

321,496,800

ISEKI & CO.,LTD.

254,100

1,233.00

313,305,300

TOWA CORPORATION

276,700

2,525.00

698,667,500

133,100

MARUYAMA MFG.CO.,INC.

35,4001,935.00

68,499,000

24,100KITAGAWA CORPORATION

106,600

1,140.00

121,524,000300

RORZE CORPORATION

141,800

12,030.00

1,705,854,000

57,700

TAKAKITA CO.,LTD.

59,100474.0028,013,400

41,60014,361,400

2,011.50

28,887,956,100

1,613,400

EBARA JITSUGYO CO.,LTD.

129,900

2,838.00

368,656,200

MITSUBISHI KAKOKI KAISHA,LTD.

87,5002,700.00

236,250,000

TSUKISHIMA HOLDINGS CO.,LTD.

366,800

1,247.00

457,399,600

TEIKOKU ELECTRIC MFG.CO.,LTD.

190,800

2,594.00

494,935,200

TOKYO KIKAI SEISAKUSHO,LTD.

49,100472.0023,175,200

39,100SINTOKOGIO,LTD.

548,400

1,058.00

580,207,200

101,700

SHIBUYA CORPORATION

254,600

2,553.00

649,993,800

26,300AICHI CORPORATION

377,800

850.00321,130,000

KOMORI CORPORATION

628,800

1,001.00

629,428,800

TSURUMI MANUFACTURING CO.,LTD.

207,200

2,697.00

558,818,400

NIPPON GEAR CO.,LTD.

70,300370.0026,011,000

SAKAI HEAVY INDUSTRIES,LTD.

34,0005,250.00

178,500,000

1,110,900

6,906.00

7,671,875,400

726,700ISHII IRON WORKS CO.,LTD.

24,0002,471.00

59,304,000

1,100

TORISHIMA PUMP MFG.CO.,LTD.

233,500

1,844.00

430,574,000

100

HOKUETSU INDUSTRIES CO.,LTD.

272,800

1,475.00

402,380,000

300

3,239,900

29,110.00

94,313,489,000

Collateral
Securities177,800

ORGANO CORPORATION

372,700

4,130.00

1,539,251,000

7,400

TOYO KANETSU K.K.

103,000

3,530.00

363,590,000

1,517,900

5,423.00

8,231,571,700

TSUBAKIMOTO CHAIN CO.

384,700

3,715.00

1,429,160,500

DAIDO KOGYO CO.,LTD.

84,500749.0063,290,500

2,000

KIMURA CHEMICAL PLANTS CO.,LTD.

207,000

697.00144,279,000

15,900

ANEST IWATA CORPORATION

461,400

1,176.00

542,606,400

78,9004,198,400

2,942.50

12,353,792,000

10,500KUBOTA CORPORATIONEBARA CORPORATIONDAIKIN INDUSTRIES,LTD.

KURITA WATER INDUSTRIES LTD.

DAIFUKU CO.,LTD.

68

54,800800
100
76,2004,600

22,100900

SAMCO INC.

72,7005,580.00

405,666,000

KATO WORKS CO.,LTD.

99,1001,191.00

118,028,100

YUKEN KOGYO CO.,LTD.

31,7002,058.00

65,238,600

1,431,400

1,105.00

1,581,697,000

FUJITEC CO.,LTD.

951,400

3,535.00

3,363,199,000

CKD CORPORATION

750,600

2,238.00

1,679,842,800

HEIWA CORPORATION

902,600

2,441.00

2,203,246,600

47,000RISO KAGAKU CORPORATION

217,000

2,309.00

501,053,000

15,600SANKYO CO.,LTD.

533,300

5,693.00

3,036,076,900

3,400JAPAN CASH MACHINE CO.,LTD.

298,200

1,164.00

347,104,800

211,700

MARS GROUP HOLDINGS CORPORATION

159,800

2,782.00

444,563,600

81,100FUKUSHIMA GALILEI CO.LTD.

199,600

4,840.00

966,064,000

14,600OIZUMI CORPORATION

79,200486.0038,491,200

33,100DAIKOKU DENKI CO.,LTD.

148,500

3,965.00

588,802,500

104,000

TAKEUCHI MFG.CO.,LTD.

492,400

4,525.00

2,228,110,000

35,600AMANO CORPORATION

770,300

3,003.00

2,313,210,900

500

JUKI CORPORATION

420,200

582.00244,556,400

24,200SANDEN CORPORATION

314,300

195.0061,288,500

244,900

JANOME CORPORATION

274,600

649.00178,215,400

1,300

MAX CO.,LTD.

334,400

2,661.00

889,838,400

GLORY LTD.

651,500

2,805.50

1,827,783,250

SINKO INDUSTRIES LTD.

273,400

2,015.00

550,901,000

DAIWA INDUSTRIES LTD.

415,700

1,370.00

569,509,000

SEGA SAMMY HOLDINGS INC.

2,181,600

3,009.00

6,564,434,400

144,000NIPPON PISTON RING CO.,LTD.

70,7001,720.00

121,604,000

10,100RIKEN CORPORATION

107,000

3,350.00

358,450,000

42,500TPR CO.,LTD.

310,200

1,770.00

549,054,000

TSUBAKI NAKASHIMA CO.,LTD.

668,900

809.00541,140,100

464,900

1,747,000

5,024.00

8,776,928,000

574,300

234,500

895.00209,877,500

NSK LTD.

4,985,600

896.404,469,091,840

NTN CORPORATION

5,350,500

303.201,622,271,600

JTEKT CORPORATION

2,414,700

1,309.50

3,162,049,650

6,500

NACHI-FUJIKOSHI CORP.

200,300

4,150.00

831,245,000

4,100

NIPPON THOMPSON CO.,LTD.

664,700

584.00388,184,800

1,565,900

2,811.00

4,401,744,900

YUSHIN PRECISION EQUIPMENT CO.,LTD.

214,900

705.00151,504,500

MAEZAWA KYUSO INDUSTRIES CO.,LTD.

190,700

1,103.00

210,342,100

EAGLE INDUSTRY CO.,LTD.

300,000

1,765.00

529,500,000

MAEZAWA INDUSTRIES,INC.

120,600

811.0097,806,600

NIPPON PILLAR PACKING CO.,LTD.

251,600

4,450.00

1,119,620,000

16,800KITZ CORPORATION

999,200

1,078.00

1,077,137,600

697,400

3,376,500

3,991.00

13,475,611,500

52,000TADANO LTD.

HOSHIZAKI CORPORATIONTAIHO KOGYO CO.,LTD.

THK CO.,LTD.

MAKITA CORPORATION

69

50,800234,500

2,900

41,9001,095,500

MITSUI E&S CO.,LTD.

1,285,500

514.00660,747,000

268,400

HITACHI ZOSEN CORPORATION

2,223,600

914.002,032,370,400

363,300

MITSUBISHI HEAVY INDUSTRIES,LTD.

4,746,000

6,627.00

31,451,742,000

93,400IHI CORPORATION

1,709,700

3,891.00

6,652,442,700

148,600

SANOYAS HOLDINGS CORPORATION

282,600

140.0039,564,000

STAR MICRONICS CO.,LTD.

512,100

1,759.00

900,783,900

NISSHINBO HOLDINGS INC.

2,209,200

1,212.00

2,677,550,400

1,545,600

IBIDEN CO.,LTD.

1,557,000

8,155.00

12,697,335,000

184,000

KONICA MINOLTA,INC.

6,061,200

498.803,023,326,560

25,900BROTHER INDUSTRIES,LTD.

3,626,100

2,009.00

7,284,834,900

28,800MINEBEA MITSUMI INC.

4,720,700

2,557.00

12,070,829,900

103,000

HITACHI,LTD.

13,197,200

8,825.00

116,465,290,000

1,398,500

TOSHIBA CORPORATION

5,222,500

4,530.00

23,657,925,000

MITSUBISHI ELECTRIC CORPORATION

28,049,000

1,999.50

56,083,975,500

2,736,900

FUJI ELECTRIC CO.,LTD.

1,650,200

5,985.00

9,876,447,000

1,000

68,500953.0065,280,500

YASKAWA ELECTRIC CORPORATION

3,215,800

6,217.00

19,992,628,600

SINFONIA TECHNOLOGY CO.,LTD.

299,300

1,685.00

504,320,500

MEIDENSHA CORPORATION

411,700

2,031.00

836,162,700

ORIGIN COMPANY,LIMITED

47,1001,310.00

61,701,000

SANYO DENKI CO.,LTD.

117,300

7,480.00

877,404,000

DENYO CO.,LTD.

206,700

1,991.00

411,539,700

PHC HOLDINGS CORPORATION

378,900

1,503.00

569,486,700

73,600SOCIONEXT INC.

381,500

17,480.00

6,668,620,000

248,100TOSHIBA TEC CORPORATION

405,400

3,935.00

1,595,249,000

3,800

SHIBAURA MECHATRONICS CORPORATION

46,80022,980.00

1,075,464,000

21,900

MABUCHI MOTOR CO.,LTD.

674,000

3,794.00

2,557,156,000

471,500

6,603,300

7,520.00

49,656,816,000

35,600UMC ELECTRONICS CO.,LTD.

198,900

559.00111,185,100

22,800TOREX SEMICONDUCTOR LTD.

127,700

2,327.00

297,157,900

89,100TAKAOKA TOKO CO.,LTD.

163,600

2,103.00

344,050,800

38,700W-SCOPE CORPORATION

887,900

1,325.00

1,176,467,500

620,700

DAIHEN CORPORATION

245,100

5,470.00

1,340,697,000

YA-MAN LTD.

469,000

1,033.00

484,477,000

JVCKENWOOD CORPORATION

2,471,900

475.001,174,152,500

MIMAKI ENGINEERING CO.,LTD.

257,600

891.00229,521,600

400

I-PEX INC.

150,500

1,324.00

199,262,000

14,600OSAKI ELECTRIC CO.,LTD.

643,600

540.00347,544,000

2,487,000

8,509.00

21,161,883,000

NITTO KOGYO CORPORATION

365,900

3,535.00

1,293,456,500

IDEC CORPORATION

400,600

3,145.00

1,259,887,000

4,500

SEIKO ELECTRIC CO.,LTD.

79,8001,042.00

83,151,600

2,300

FUJI ELECTRIC INDUSTRY CO.,LTD.

42,2001,180.00

49,796,000

29,800TOYO DENKI SEIZO K.K. (TOYO ELECTRIC
MFG.CO.,LTD.)

NIDEC CORPORATIONOMRON CORPORATION

70

48,300191,900

400

333,300

7,700

GS YUASA CORPORATION

890,900

2,850.00

2,539,065,000

SAXA HOLDINGS,INC.

43,9002,260.00

99,214,000

MELCO HOLDINGS INC.

68,1003,130.00

213,153,000

TECHNO MEDICA CO.,LTD.

66,0001,989.00

131,274,000

22,000DIAMOND ELECTRIC HOLDINGS CO.,LTD.

91,700835.0076,569,500

64,100NEC CORPORATION

3,838,400

6,942.00

26,646,172,800

5,100

FUJITSU LIMITED

2,704,100

18,255.00

49,363,345,500

OKI ELECTRIC INDUSTRYCOMPANY,LIMITED

1,226,900

884.001,084,579,600

IWATSU ELECTRIC CO.,LTD.

92,200797.0073,483,400

DKK CO.,LTD.

109,400

2,276.00

248,994,400

SANKEN ELECTRIC CO.,LTD.

252,200

12,450.00

3,139,890,000

100

NAKAYO,INC.

33,7001,139.00

38,384,300

16,200AIPHONE CO.,LTD.

164,800

2,409.00

397,003,200

100

RENESAS ELECTRONICS CORPORATION

17,707,700

2,688.50

47,607,151,450

76,800

SEIKO EPSON CORPORATION

3,482,000

2,196.00

7,646,472,000

751,200

WACOM CO.,LTD.

2,064,000

600.001,238,400,000

704,000ULVAC, INC.

644,700

5,847.00

3,769,560,900

46,100AXELL CORPORATION

78,9001,687.00

133,104,300

25,700EIZO CORPORATION

198,800

4,645.00

923,426,000

JAPAN DISPLAY INC.

10,418,900

40.00

416,756,000

7,402,500

NIPPON SIGNAL COMPANY,LIMITED

618,000

1,039.00

642,102,000

1,000

KYOSAN ELECTRIC MANUFACTURING
CO.,LTD.

568,400

510.00289,884,000

NOHMI BOSAI LTD.

366,800

1,755.00

643,734,000

HOCHIKI CORPORATION

202,700

1,724.00

349,454,800

SEIWA ELECTRIC MFG.CO.,LTD.

83,800546.0045,754,800

ELECOM CO.,LTD.

648,700

1,479.00

959,427,300

PANASONIC HOLDINGS CORPORATION

32,057,500

1,719.00

55,106,842,500

1,703,600

SHARP CORPORATION

3,267,800

790.202,582,215,560

2,202,300

ANRITSU CORPORATION

1,911,400

1,235.50

2,361,534,700

FUJITSU GENERAL LIMITED

769,100

3,143.00

2,417,281,300

SONY GROUP CORPORATION

19,008,000

13,005.00

247,199,040,000 Collateral Securities
500,000
Loaned Securities
1,593,200

TDK CORPORATION

4,297,200

5,410.00

23,247,852,000

122,300

1,635.00

199,960,500

TAMURA CORPORATION

1,164,400

629.00732,407,600

493,700

ALPS ALPINE CO.,LTD.

2,423,800

1,221.50

2,960,671,700

84,500IKEGAMI TSUSHINKI CO.,LTD.

66,600701.0046,686,600

14,600NIHON DEMPA KOGYO CO.,LTD.

325,400

1,207.00

392,757,800

227,400SUZUKI CO.,LTD.

144,800

947.00137,125,600

101,000

MEIKO ELECTRONICS CO.,LTD.

296,300

2,610.00

773,343,000

12,200NIHON TRIM CO.,LTD.

60,9003,315.00

201,883,500

ROLAND DG CORPORATION

148,600

3,540.00

526,044,000

TEIKOKU TSUSHIN KOGYO CO.,LTD.

71

300

11,3004,700

12,10099,700FOSTER ELECTRIC COMPANY,LIMITED

251,200

925.00232,360,000

7,500

SMK CORPORATION

65,1002,543.00

165,549,300

100

YOKOWO CO.,LTD.

215,700

1,862.00

401,633,400

100

TEAC CORPORATION

325,700

117.0038,106,900

130,300

HOSIDEN CORPORATION

633,200

1,740.00

1,101,768,000

183,400

HIROSE ELECTRIC CO.,LTD.

437,100

18,380.00

8,033,898,000

JAPAN AVIATION ELECTRONICS
INDUSTRY,LIMITED

556,500

3,045.00

1,694,542,500

TOA CORPORATION

308,700

969.00299,130,300

MAXELL,LTD.

549,300

1,592.00

874,485,600

FURUNO ELECTRIC CO.,LTD.

352,500

1,062.00

374,355,000

SUMIDA CORPORATION

290,700

1,465.00

425,875,500

ICOM INCORPORATED

104,500

2,812.00

293,854,000

RION CO.,LTD.

111,400

1,889.00

210,434,600

2,969,300

2,645.00

7,853,798,500

103,900

3,245.00

337,155,500

1,877,200

4,440.00

8,334,768,000

48,10097,900846.0082,823,400

64,2001,241,300

3,686.00

4,575,431,800

2,100

CHINO CORPORATION

111,700

2,388.00

266,739,600

73,600KYOWA ELECTRONIC INSTRUMENTS
CO.,LTD.

195,400

366.0071,516,400

JAPAN ELECTRONIC MATERIALSCORPORATION

177,600

1,872.00

332,467,200

HORIBA,LTD.

598,400

8,058.00

4,821,907,200

207,900

2,117,200

19,970.00

42,280,484,000

60,800ONO SOKKI CO.,LTD.

77,200459.0035,434,800

5,800

ESPEC CORP.

215,100

2,274.00

489,137,400

KEYENCE CORPORATION

2,688,300

65,970.00

HIOKI E.E. CORPORATION

140,900

8,920.00

1,256,828,000

SYSMEX CORPORATION

2,318,200

9,615.00

22,289,493,000

MICRONICS JAPAN CO.,LTD.

442,400

2,120.00

937,888,000

MEGACHIPS CORPORATION

220,700

3,690.00

814,383,000

OBARA GROUP INCORPORATED

146,800

4,090.00

600,412,000

102,600

SAWAFUJI ELECTRIC CO.,LTD.

24,3001,285.00

31,225,500

17,100

HARADA INDUSTRY CO.,LTD.

91,900817.0075,082,300

65,100COSEL CO.,LTD.

323,000

1,223.00

395,029,000

3,900

IRISO ELECTRONICS CO.,LTD.

247,000

4,030.00

995,410,000

OPTEX GROUP COMPANY,LIMITED

493,000

1,930.00

951,490,000

CHIYODA INTEGRE CO.,LTD.

93,5002,386.00

223,091,000

LASERTEC CORPORATION

1,231,700

20,935.00

25,785,639,500

STANLEY ELECTRIC CO.,LTD.

1,912,200

2,673.50

5,112,266,700

YOKOGAWA ELECTRIC CORPORATIONSHINDENGEN ELECTRIC MANUFACTURING
CO.,LTD.
AZBIL CORPORATIONDKK-TOA CORPORATIONNIHON KOHDEN CORPORATIONADVANTEST CORPORATION

72

58,500

6,400

4,000
7,300

177,347,151,000 Collateral Securities
60,000Loaned Securities
56,700

1,700

2,200

USHIO INC.

1,365,100

1,906.00

2,601,880,600

37,300OKAYA ELECTRIC INDUSTRIES CO.,LTD.

161,200

279.0044,974,800

8,000

HELIOS TECHNO HOLDING CO.,LTD.

192,500

772.00148,610,000

142,700

ENOMOTO CO.,LTD.

53,1001,743.00

92,553,300

16,300NIPPON CERAMIC CO.,LTD.

273,600

2,655.00

726,408,000

1,300

ENDO LIGHTING CORPORATION

93,5001,268.00

118,558,000

2,800

THE FURUKAWA BATTERY CO.,LTD.

197,700

1,009.00

199,479,300

3,000

SOSHIN ELECTRIC CO.,LTD.

84,200364.0030,648,800

56,200YAMAICHI ELECTRONICS CO.,LTD.

219,400

2,321.00

509,227,400

2,900

ZUKEN INC.

233,800

3,815.00

891,947,000

100

JEOL LTD.

673,200

4,851.00

3,265,693,200

CASIO COMPUTER CO.,LTD.

2,001,800

1,171.00

2,344,107,800

278,900

FANUC CORPORATION

13,103,200

4,753.00

62,279,509,600

2,600

CMK CORPORATION

570,400

549.00313,149,600

ENPLAS CORPORATION

78,2005,460.00

426,972,000

47,800DAISHINKU CORP.

327,400

646.00211,500,400

214,700

ROHM COMPANY LIMITED

1,242,000

13,675.00

16,984,350,000

226,500

HAMAMATSU PHOTONICS K.K.

2,156,300

6,837.00

14,742,623,100

MITSUI HIGH-TEC,INC.

277,600

9,330.00

2,590,008,000

193,200

SHINKO ELECTRIC INDUSTRIES CO.,LTD.

950,800

5,916.00

5,624,932,800

184,300

KYOCERA CORPORATION

4,174,000

7,584.00

31,655,616,000

800

TAIYO YUDEN CO.,LTD.

1,308,500

4,182.00

5,472,147,000

9,500

MURATA MANUFACTURING CO.,LTD.

8,149,000

8,089.00

65,917,261,000

300

FUTABA CORPORATION

511,600

497.00254,265,200

HOKURIKU ELECTRIC INDUSTRY CO.,LTD.

78,1001,221.00

95,360,100

NICHICON CORPORATION

548,600

1,471.00

806,990,600

381,300NIPPON CHEMI-CON CORPORATION

265,400

1,242.00

329,626,800

40,100KOA CORPORATION

406,800

1,832.00

745,257,600

ICHIKOH INDUSTRIES,LTD.

387,000

529.00204,723,000

900

3,231,400

2,518.00

8,136,665,200

1,300

MITSUBA CORPORATION

503,800

835.00420,673,000

SCREEN HOLDINGS CO.,LTD.

459,400

15,630.00

7,180,422,000

53,400CANON ELECTRONICS INC.

296,900

1,932.00

573,610,800

100

CANON INC.

14,742,600

3,725.00

54,916,185,000

4,185,000

RICOH COMPANY,LTD.

6,737,300

1,216.00

8,192,556,800

23,900ZOJIRUSHI CORPORATION

802,500

2,069.00

1,660,372,500

199,100

MUTOH HOLDINGS CO.,LTD.

28,4001,758.00

49,927,200

1,200TOKYO ELECTRON LIMITED

5,687,100

20,205.00

114,907,855,500

17,000INNOTECH CORPORATION

179,000

1,611.00

288,369,000

1,131,500

2,604.50

2,946,991,750

14,500ASHIMORI INDUSTRY CO.,LTD.

38,3001,908.00

73,076,400

400

UNIPRES CORPORATION

482,300

1,135.00

547,410,500

5,400

1,964,500

10,085.00

19,811,982,500

400

KOITO MANUFACTURING CO.,LTD.

TOYOTA BOSHOKU CORPORATIONTOYOTA INDUSTRIES CORPORATION73

MORITA HOLDINGS CORPORATION

471,500

1,513.00

713,379,500

SANOH INDUSTRIAL CO.,LTD.

410,200

864.00354,412,800

DENSO CORPORATION

5,542,400

9,569.00

53,035,225,600

TOKAI RIKA CO.,LTD.

757,500

2,137.00

1,618,777,500

KAWASAKI HEAVY INDUSTRIES,LTD.

2,024,800

3,718.00

7,528,206,400

12,800

NAMURA SHIPBUILDING CO.,LTD.

535,900

617.00330,650,300

380,700NIPPON SHARYO,LTD.

103,200

1,991.00

205,471,200

2,100

MITSUBISHI LOGISNEXT CO.,LTD.

428,900

1,224.00

524,973,600

9,900

THE KINKI SHARYO CO.,LTD.

29,2001,677.00

48,968,400

500

NISSAN MOTOR CO.,LTD.

38,170,900

597.1022,791,844,390

1,186,100

ISUZU MOTORS LIMITED

7,812,200

1,757.50

13,729,941,500

10,200147,547,600

2,299.50

339,285,706,200 Collateral Securities
1,602,800
Loaned Securities
9,887,300

HINO MOTORS,LTD.

3,464,200

597.602,070,205,920

MITSUBISHI MOTORS CORPORATION

10,482,600

503.305,275,892,580

89,800F-TECH INC.

144,800

948.00137,270,400

300

LECIP HOLDINGS CORPORATION

82,300540.0044,442,000

57,600

GMB CORPORATION

40,9001,576.00

64,458,400

29,100FALTEC CO.,LTD.

33,000613.0020,229,000

MUSASHI SEIMITSU INDUSTRY CO.,LTD.

656,500

1,757.00

1,153,470,500

6,700

NISSAN SHATAI CO.,LTD.

474,100

914.00433,327,400

148,200

SHINMAYWA INDUSTRIES,LTD.

844,100

1,316.00

1,110,835,600

KYOKUTO KAIHATSU KOGYO CO.,LTD.

443,800

1,711.00

759,341,800

TOPY INDUSTRIES,LIMITED

217,700

2,290.00

498,533,000

T.RAD CO.,LTD.

67,4001,837.00

123,813,800

3,700

1,639,700

145.00237,756,500

7,200

425,000

1,573.00

668,525,000

8,800

1,043,800

2,081.00

2,172,147,800

445,000

FUTABA INDUSTRIAL CO.,LTD.

720,200

550.00396,110,000

KYB CORPORATION

258,700

5,070.00

1,311,609,000

DAIDO METAL CO.,LTD.

525,300

570.00299,421,000

PRESS KOGYO CO.,LTD.

1,200,400

624.00749,049,600

16,800MIKUNI CORPORATION

239,400

518.00124,009,200

4,500

PACIFIC INDUSTRIAL CO.,LTD.

616,100

1,295.00

797,849,500

KASAI KOGYO CO.,LTD.

277,900

168.0046,687,200

194,000AISIN CORPORATION

2,072,700

4,550.00

9,430,785,000

7,700

MAZDA MOTOR CORPORATION

8,888,200

1,368.00

12,159,057,600

2,203,800

132,100

650.0085,865,000

HONDA MOTOR CO.,LTD.

21,842,700

4,291.00

93,727,025,700

Collateral
Securities93,900
Loaned Securities
472,000SUZUKI MOTOR CORPORATION

4,935,300

5,462.00

26,956,608,600

274,600

SUBARU CORPORATION

8,502,000

2,615.50

22,236,981,000

6,300

TOYOTA MOTOR CORPORATIONAKEBONO BRAKE INDUSTRY CO.,LTD.
TACHI-S CO.,LTD.
NOK CORPORATIONIMASEN ELECTRIC INDUSTRIAL CO.,LTD.

74

4,600

100

YASUNAGA CORPORATION

91,000957.0087,087,000

63,500

YAMAHA MOTOR CO.,LTD.

4,223,000

4,076.00

17,212,948,000

1,853,100

TBK CO.,LTD.

206,900

416.0086,070,400

9,300

EXEDY CORPORATION

439,500

2,419.00

1,063,150,500

8,700

TOYODA GOSEI CO.,LTD.

784,200

2,756.00

2,161,255,200

AISAN INDUSTRY CO.,LTD.

444,000

1,161.00

515,484,000

MEIWA INDUSTRY CO.,LTD.

29,6001,030.00

30,488,000

NIHON PLAST CO.,LTD.

163,900

460.0075,394,000

YOROZU CORPORATION

251,800

935.00235,433,000

F.C.C.CO.,LTD.

476,100

1,890.00

899,829,000

SHIMANO INC.

1,090,800

23,525.00

25,661,070,000

591,700

TS TECH CO.,LTD.

1,229,900

1,837.00

2,259,326,300

200

JAMCO CORPORATION

113,400

1,521.00

172,481,400

33,700TERUMO CORPORATION

8,264,400

4,321.00

35,710,472,400

300

CREATE MEDIC CO.,LTD.

68,000884.0060,112,000

200

NIKKISO CO.,LTD.

625,600

884.00553,030,400

15,200JAPAN MEDICAL DYNAMIC
MARKETING,INC.

159,600

977.00155,929,200

SHIMADZU CORPORATION

3,272,600

4,351.00

14,239,082,600

JMS CO.,LTD.

248,500

581.00144,378,500

KUBOTEK CORPORATION

48,600356.0017,301,600

NAGANO KEIKI CO.,LTD.

195,300

2,164.00

422,629,200

V TECHNOLOGY CO.,LTD.

131,400

2,426.00

318,776,400

8,500

TOKYO KEIKI INC.

205,900

1,285.00

264,581,500

141,900

AICHI TOKEI DENKI CO.,LTD.

104,600

1,521.00

159,096,600

75,300

INTER ACTION CORPORATION

127,200

1,372.00

174,518,400

25,000OVAL CORPORATION

184,200

402.0074,048,400

54,000TOKYO SEIMITSU CO.,LTD.

590,200

7,810.00

4,609,462,000

38,800

MANI,INC.

1,075,000

1,614.00

1,735,050,000

NIKON CORPORATION

3,885,000

1,827.00

7,097,895,000

TOPCON CORPORATION

1,414,300

2,049.50

2,898,607,850

OLYMPUS CORPORATION

16,540,100

2,222.00

36,752,102,200

RIKEN KEIKI CO.,LTD.

166,400

5,550.00

923,520,000

12,100TAMRON CO.,LTD.

201,000

3,920.00

787,920,000

300

5,692,900

16,315.00

92,879,663,500

1,300

SEED CO.,LTD.

105,700

575.0060,777,500

11,600NORITSU KOKI CO.,LTD.

254,600

2,278.00

579,978,800

2,300

A&D HOLON HOLDINGS COMPANY,LIMITED391,700

1,808.00

708,193,600

200

ASAHI INTECC CO.,LTD.

3,002,500

2,722.50

8,174,306,250

223,900

CITIZEN WATCH CO.,LTD.

2,954,300

880.002,599,784,000

1,500,700

RHYTHM CO.,LTD.

64,9001,597.00

103,645,300

9,000

DAIKEN MEDICAL CO.,LTD.

156,700

509.0079,760,300

17,500MENICON CO.,LTD.

923,200

2,411.50

2,226,296,800

173,400

SINCERE CO.,LTD.

19,300567.0010,943,100

2,000

HOYA CORPORATION

75

20,60028,5009,800

34,0003,300

SHOFU INC.

121,400

2,244.00

272,421,600

1,500

SEIKO GROUP CORPORATION

416,000

2,623.00

1,091,168,000

2,600

NIPRO CORPORATION

2,239,700

1,008.00

2,257,617,600

KYORITSU CO.,LTD.

310,300

179.0055,543,700

22,200

NAKAMOTO PACKS CO.,LTD.

63,2001,645.00

103,964,000

34,800SNOW PEAK,INC.

459,900

1,778.00

817,702,200

326,600

PARAMOUNT BED HOLDINGS CO.,LTD.

620,500

2,281.00

1,415,360,500

23,600TRANSACTION CO.,LTD.

177,100

1,788.00

316,654,800

9,500

SHOBIDO CORPORATION

56,600443.0025,073,800

39,500NIHON FLUSH CO.,LTD.

251,800

948.00238,706,400

12,100

MAEDA KOSEN CO.,LTD.

226,900

3,020.00

685,238,000

10,500EIDAI CO.,LTD.

222,100

218.0048,417,800

ARTNATURE INC.

276,500

770.00212,905,000

7,361,600

3,161.00

23,270,017,600

IFIS JAPAN LTD.

57,600615.0035,424,000

SHOEI CO.,LTD.

607,200

2,461.00

1,494,319,200

10,400FRANCE BED HOLDINGS CO.,LTD.

308,600

1,140.00

351,804,000

19,300PILOT CORPORATION

420,200

4,510.00

1,895,102,000

HAGIHARA INDUSTRIES INC.

179,700

1,438.00

258,408,600

FUJI SEAL INTERNATIONAL,INC.

544,100

1,501.00

816,694,100

1,236,000

1,785.00

2,206,260,000

KOSAIDO HOLDINGS CO.,LTD.

140,500

2,399.00

337,059,500

98,200ESTELLE HOLDINGS CO.,LTD.

48,400627.0030,346,800

100

TAKANO CO.,LTD.

77,400828.0064,087,200

61,400PRONEXUS INC.

222,800

997.00222,131,600

700

HOKUSHIN CO.,LTD.

159,700

146.0023,316,200

111,100

WOOD ONE CO.,LTD.

69,2001,270.00

87,884,000

12,700DAIKEN CORPORATION

163,300

2,278.00

371,997,400

TOPPAN INC.

3,303,000

3,099.00

10,235,997,000

1,400

DAI NIPPON PRINTING CO.,LTD.

2,936,600

3,966.00

11,646,555,600

1,300

KYODO PRINTING CO.,LTD.

75,7003,055.00

231,263,500

2,000

NISSHA CO.,LTD.

511,000

1,728.00

883,008,000

102,800

MITSUMURA PRINTING CO.,LTD.

17,5001,215.00

21,262,500

13,500

TAKARA & COMPANY LTD.

171,800

2,340.00

402,012,000

6,000

2,480,300

4,343.00

10,771,942,900

561,100

TSUTSUMI JEWELRY CO.,LTD.

47,1002,334.00

109,931,400

16,100ROLAND CORPORATION

198,100

4,105.00

813,200,500

100

KOMATSU WALL INDUSTRY CO.,LTD.

98,6002,620.00

258,332,000

1,693,900

5,270.00

8,926,853,000

KAWAI MUSICAL INSTRUMENTS
MANUFACTURING CO.,LTD.

72,4003,610.00

261,364,000

CLEANUP CORPORATION

301,000

729.00219,429,000

13,300

PIGEON CORPORATION

1,711,400

1,998.00

3,419,377,200

725,700

237,100

875.00207,462,500

167,900

BANDAI NAMCO HOLDINGS INC.

TOMY COMPANY,LTD.

ASICS CORPORATIONYAMAHA CORPORATIONKING JIM CO.,LTD.

76

50,000105,600200

LINTEC CORPORATION

539,400

2,294.50

1,237,653,300

ITOKI CORPORATION

550,700

1,053.00

579,887,100

NINTENDO CO.,LTD.

16,964,900

6,351.00

107,744,079,900

1,152,800

MITSUBISHI PENCIL COMPANY,LIMITED

381,500

1,686.00

643,209,000

94,300

TAKARA STANDARD CO.,LTD.

495,000

1,856.00

918,720,000

1,293,700

2,010.00

2,600,337,000

848,400

NAKABAYASHI CO.,LTD.

289,300

512.00148,121,600

41,200

GLOBERIDE,INC.

217,100

2,222.00

482,396,200

7,900

OKAMURA CORPORATION

808,800

1,940.00

1,569,072,000

6,500

MIZUNO CORPORATION

267,100

3,730.00

996,283,000200TOKYO ELECTRIC POWER COMPANYHOLDINGS,INCORPORATED

24,222,500

525.1012,719,234,750

CHUBU ELECTRIC POWER
COMPANY,INCORPORATED

9,901,900

1,717.50

17,006,513,250

THE KANSAI ELECTRIC POWER
COMPANY,INCORPORATED

10,376,300

1,781.00

18,480,190,300

THE CHUGOKU ELECTRIC POWER
COMPANY,INCORPORATED

4,279,400

978.204,186,109,080

HOKURIKU ELECTRIC POWER COMPANY

2,536,300

766.001,942,805,800

TOHOKU ELECTRIC POWER
COMPANY,INCORPORATED

6,569,200

887.805,832,135,760

SHIKOKU ELECTRIC POWER
COMPANY,INCORPORATED

2,293,900

971.902,229,441,410

KYUSHU ELECTRIC POWER
COMPANY,INCORPORATED

6,194,200

915.505,670,790,100

HOKKAIDO ELECTRIC POWER
COMPANY,INCORPORATED

2,596,000

582.501,512,170,000

629,300

1,153.00

725,582,900

2,023,400

2,153.00

4,356,380,200

1,900

EF-ON INC.

173,900

540.0093,906,000

1,600

EREX CO.,LTD.

477,400

1,115.00

532,301,000

162,100

RENOVA,INC.

715,800

1,536.00

1,099,468,800

508,300

TOKYO GAS CO.,LTD.

5,680,800

3,115.00

17,695,692,000

OSAKA GAS CO.,LTD.

5,443,200

2,145.50

11,678,385,600

TOHO GAS CO.,LTD.

1,057,700

2,436.50

2,577,086,050

HOKKAIDO GAS CO.,LTD.

160,400

2,316.00

371,486,400

HIROSHIMA GAS CO.,LTD.

566,800

370.00209,716,000

SAIBU GAS HOLDINGS CO.,LTD.

252,200

2,030.00

511,966,000

SHIZUOKA GAS CO.,LTD.

612,500

1,067.00

653,537,500

108,800

METAWATER CO.,LTD.

321,900

1,777.00

572,016,300

1,600

SBS HOLDINGS,INC.

239,500

3,220.00

771,190,000

10,200TOBU RAILWAY CO.,LTD.

2,951,700

3,657.00

10,794,366,900

31,400SOTETSU HOLDINGS,INC.

887,600

2,481.00

2,202,135,600

17,800TOKYU CORPORATION

7,534,900

1,703.00

12,831,934,700

170,600

KEIKYU CORPORATION

3,048,000

1,291.50

3,936,492,000

546,100

ODAKYU ELECTRIC RAILWAY CO.,LTD.

4,073,200

1,872.00

7,625,030,400

382,200

KOKUYO CO.,LTD.

THE OKINAWA ELECTRIC POWER
COMPANY,INCORPORATEDELECTRIC POWER DEVELOPMENT CO.,LTD.

77

98,000557,900
14,20040,600191,100

109,000

53,800

3,500

3,700

KEIO CORPORATION

1,420,900

4,241.00

6,026,036,900

100,700

KEISEI ELECTRIC RAILWAY CO.,LTD.

1,732,500

5,822.00

10,086,615,000

8,700

330,900

5,360.00

1,773,624,000

64,800EAST JAPAN RAILWAY COMPANY

4,557,200

7,850.00

35,774,020,000

417,600

WEST JAPAN RAILWAY COMPANY

3,432,600

5,843.00

20,056,681,800

67,300CENTRAL JAPAN RAILWAY COMPANY

2,070,000

17,730.00

36,701,100,000

SEIBU HOLDINGS INC.

3,250,300

1,472.50

4,786,066,750

KONOIKE TRANSPORT CO.,LTD.

457,800

1,739.00

796,114,200

1,100

NISHI-NIPPON RAILROAD CO.,LTD.

717,700

2,435.50

1,747,958,350

2,300

HAMAKYOREX CO.,LTD.

210,100

3,740.00

785,774,000

SAKAI MOVING SERVICE CO.,LTD.

127,600

4,925.00

628,430,000

10,600KINTETSU GROUP HOLDINGS CO.,LTD.

2,682,200

4,732.00

12,692,170,400

6,800

HANKYU HANSHIN HOLDINGS,INC.

3,577,200

4,604.00

16,469,428,800

NANKAI ELECTRIC RAILWAY CO.,LTD.

1,281,900

3,073.00

3,939,278,700

15,900KEIHAN HOLDINGS CO.,LTD.

1,478,500

3,682.00

5,443,837,000

308,000

72,9002,978.00

217,096,200

51,7002,964,800

2,242.50

6,648,564,000

30,000SANYO ELECTRIC RAILWAY CO.,LTD.

202,000

2,176.00

439,552,000

142,600

ALPS LOGISTICS CO.,LTD.

213,900

1,533.00

327,908,700

3,435,000

2,601.50

8,936,152,500

SANKYU INC.

682,600

4,775.00

3,259,415,000

MARUWN CORPORATION

101,900

239.0024,354,100

MARUZEN SHOWA UNYU CO.,LTD.

165,700

3,945.00

653,686,500

SENKO GROUP HOLDINGS CO.,LTD.

1,420,400

1,014.00

1,440,285,600

TONAMI HOLDINGS CO.,LTD.

58,9004,905.00

288,904,500

NIKKON HOLDINGS CO.,LTD.

858,800

2,852.50

2,449,727,000

JAPAN OIL TRANSPORTATION CO.,LTD.

21,0002,818.00

59,178,000

FUKUYAMA TRANSPORTING CO.,LTD.

204,100

3,955.00

807,215,500

1,669,500

2,135.50

3,565,217,250

S LINE GROUP CO.,LTD.

58,500871.0050,953,500

KANAGAWA CHUO KOTSU CO.,LTD.

76,0003,120.00

237,120,000

100

AZ-COM MARUWA HOLDINGS INC.

647,900

2,029.00

1,314,589,100

373,700

CHILLED & FROZEN LOGISTICS HOLDINGS
CO.,LTD.

258,100

1,237.00

319,269,700

KYUSHU RAILWAY COMPANY

1,896,800

3,089.00

5,859,215,200

3,200

SG HOLDINGS CO.,LTD.

5,148,100

2,068.50

10,648,844,850

138,300NIPPON EXPRESS HOLDINGS,INC.

1,001,400

8,070.00

8,081,298,000

151,500NIPPON YUSEN KABUSHIKI KAISHA

7,177,000

3,352.00

24,057,304,000

29,700

MITSUI O.S.K.LINES,LTD.

4,729,000

3,678.00

17,393,262,000

6,200

KAWASAKI KISEN KAISHA,LTD.

2,015,400

3,877.00

7,813,705,800

1,433,000

NS UNITED KAIUN KAISHA,LTD.

144,500

3,545.00

512,252,500

99,500

MEIJI SHIPPING CO.,LTD.

202,600

584.00118,318,400

143,800

IINO KAIUN KAISHA,LTD.

984,900

889.00875,576,100

88,500KYOEI TANKER CO.,LTD.

37,700860.0032,422,000

26,200

FUJI KYUKO CO.,LTD.

KOBE ELECTRIC RAILWAY CO.,LTD.
NAGOYA RAILROAD CO., LTD.

YAMATO HOLDINGS CO.,LTD.

SEINO HOLDINGS CO.,LTD.

78

56,40010,70067,3001,400

112,400

4,800

INUI GLOBAL LOGISTICS CO.,LTD.

340,600

1,296.00

441,417,600

241,900

JAPAN AIRLINES CO.,LTD.

6,589,000

3,134.00

20,649,926,000

940,100

ANA HOLDINGS INC.

7,299,600

3,427.00

25,015,729,200

5,018,200

PASCO CORPORATION

40,6001,846.00

74,947,600

TRANCOM CO.,LTD.

77,8006,790.00

528,262,000

NISSIN CORPORATION

203,700

2,494.00

508,027,800

MITSUBISHI LOGISTICS CORPORATION

576,500

3,458.00

1,993,537,000

MITSUI-SOKO HOLDINGS CO.,LTD.

250,400

3,490.00

873,896,000

600

THE SUMITOMO WAREHOUSE CO.,LTD.

723,500

2,377.00

1,719,759,500

24,600

THE SHIBUSAWA WAREHOUSE CO.,LTD.

107,100

2,810.00

300,951,000

TOYO LOGISTICS CO.,LTD.

276,500

271.0074,931,500

JAPAN TRANSCITY CORPORATION

539,700

627.00338,391,900

THE KEIHIN CO.,LTD.

36,8001,761.00

64,804,800

CHUO WAREHOUSE CO.,LTD.

129,300

1,086.00

140,419,800

KAWANISHI WAREHOUSE CO.,LTD.

34,9001,038.00

36,226,200

YASUDA LOGISTICS CORPORATION

183,000

987.00180,621,000

3,500

PHYZ HOLDINGS INC.

38,1001,204.00

45,872,400

8,900

TOYO WHARF & WAREHOUSE CO.,LTD.

59,9001,414.00

84,698,600

1,286,400

3,224.00

4,147,353,600

7,900

SANRITSU CORPORATION

46,500750.0034,875,000

3,200

KIMURA UNITY CO.,LTD.

99,4001,327.00

131,903,800

70,100K. R. S. CORPORATION

124,800

920.00114,816,000

88,400AZUMA SHIPPING CO.,LTD.

122,100

291.0035,531,100

95,600AIT CORPORATION

168,200

1,840.00

309,488,000

22,200NAIGAI TRANS LINE LTD.

96,7002,545.00

246,101,500

15,000NIPPON CONCEPT CORPORATION

83,6001,767.00

147,721,200

20,700

NEC NETWORKS & SYSTEM INTEGRATIONCORPORATION

900,300

1,906.00

1,715,971,800

CROSS CAT CO.,LTD.

153,800

1,131.00

173,947,800

4,530,800

286.001,295,808,800

DIGITAL ARTS INC.

170,400

5,620.00

957,648,000

NS SOLUTIONS CORPORATION

459,700

3,955.00

1,818,113,500

CUBE SYSTEM INC.

160,300

1,200.00

192,360,000

CORE CORPORATION

119,300

1,715.00

204,599,500

TEMAIRAZU,INC.

45,6003,790.00

172,824,000

30,100RACCOON HOLDINGS,INC.

223,300

702.00156,756,600

155,800

SOLITON SYSTEMS K.K.

138,900

1,248.00

173,347,200

2,000

SOFTCREATE HOLDINGS CORP.

221,500

1,712.00

379,208,000

2,947,600

3,559.00

10,490,508,400

5,000

JNS HOLDINGS INC.

95,500563.0053,766,500

60,900

GREE,INC.

722,500

612.00442,170,000

1,100

GMO PEPABO,INC.

38,5001,705.00

65,642,500

27,0001,688,600

2,356.00

3,978,341,600

1,034,300

132,000

5,330.00

703,560,000

KAMIGUMI CO.,LTD.

SYSTENA CORPORATIONTIS INC.

KOEI TECMO HOLDINGS CO.,LTD.
MITSUBISHI RESEARCH INSTITUTE,INC.

79

3,100

36,20039,20074,80061,900VOLTAGE INCORPORATION

59,600330.0019,668,000

22,100DENSAN CO.,LTD.

24,6001,596.00

39,261,600

17,400AGS CORPORATION

87,900736.0064,694,400

61,300FINDEX INC.

213,900

613.00131,120,700

71,300BRAINPAD INC.

201,700

935.00188,589,500

140,700

KLAB INC.

536,700

314.00168,523,800

283,500

POLE TO WIN HOLDINGS,INC.

460,100

746.00343,234,600

175,400

6,864,200

2,583.50

17,733,660,700

ISTYLE INC.

783,400

525.00411,285,000

513,700

M-UP HOLDINGS,INC.

330,000

1,110.00

366,300,000

234,500

ATEAM INC.

159,100

691.00109,938,100

111,000

ENIGMO INC.

342,800

407.00139,519,600

125,500

TECNOS JAPAN INCORPORATED

172,200

672.00115,718,400

ENISH,INC.

157,700

341.0053,775,700

COLOPL,INC.

1,045,500

632.00660,756,000

ALTPLUSINC.

175,400

220.0038,588,000

101,300

1,574,000

430.00676,820,000

7,000

CROSS MARKETING GROUP INC.

126,400

836.00105,670,400

85,900

DIGITAL HEARTS HOLDINGS CO.,LTD.

168,000

1,304.00

219,072,000

2,600

SYSTEM INFORMATION CO.,LTD.

214,100

753.00161,217,300

153,100

MEDIA DO CO.,LTD.

106,200

1,440.00

152,928,000

29,700ZIGEXN CO.,LTD.

785,700

762.00598,703,400

100

V-CUBE,INC.

323,200

464.00149,964,800

222,000

ENCOURAGE TECHNOLOGIES CO.,LTD.

48,700513.0024,983,100

CYBERLINKS CO.,LTD.

67,100732.0049,117,200

42,200DLE INC.

149,500

264.0039,468,000

105,900

FIXSTARS CORPORATION

304,200

1,421.00

432,268,200

13,400CARTA HOLDINGS,INC.

126,400

1,215.00

153,576,000

55,000OPTIM CORPORATION

221,600

967.00214,287,200

47,300

CERES INC.

108,100

1,008.00

108,964,800

77,000SHIFT INC.

179,000

25,155.00

4,502,745,000

88,300T-GAIA CORPORATION

281,700

1,714.00

482,833,800

3,300

SYSTEMS ENGINEERING CONSULTANTS
CO.,LTD.

28,8003,165.00

91,152,000

TECHMATRIX CORPORATION

492,100

1,697.00

835,093,700

PRO-SHIP INCORPORATED

117,600

1,372.00

161,347,200

1,100

GUNGHO ONLINE ENTERTAINMENT,INC.

789,100

2,686.00

2,119,522,600

20,900

GMO PAYMENT GATEWAY,INC.

538,500

10,715.00

5,770,027,500

30,800ZAPPALLAS,INC.

57,600347.0019,987,200

17,200SYSTEM RESEARCH CO.,LTD.

84,0002,679.00

225,036,000

60,0001,472,200

2,590.00

3,812,998,000

SAKURA INTERNET INC.

302,500

1,211.00

366,327,500

214,900

VINX CORP.

62,3001,340.00

83,482,000

4,700

GMO GLOBALSIGN HOLDINGS K.K.

82,2002,980.00

244,956,000

58,300NEXON CO.,LTD.

BROADLEAF CO.,LTD.

INTERNET INITIATIVE JAPAN INC.

80

111,000

4,100

SRA HOLDINGS,INC.

137,800

3,160.00

435,448,000

SYSTEM INTEGRATOR CORP.

62,300438.0027,287,400

ASAHI NET,INC.

289,300

634.00183,416,200

EBASE CO.,LTD.

379,100

723.00274,089,300

15,900

AVANT GROUP CORPORATION

340,400

1,363.00

463,965,200

29,400AD-SOL NISSIN CORPORATION

113,200

1,657.00

187,572,400200

ODK SOLUTIONS COMPANY,LTD.

46,100562.0025,908,200

2,600

FREEBIT CO.,LTD.

141,200

1,316.00

185,819,200

100,000

COMTURE CORPORATION

356,400

1,922.00

685,000,800

CYBER COM CO.,LTD.

33,8001,430.00

48,334,000

ASTERIA CORPORATION

210,900

750.00158,175,000

149,800

I'LL INC

125,800

2,775.00

349,095,000

3,900

MARKLINES CO.,LTD.

146,100

2,375.00

346,987,500

3,700

MEDICAL DATA VISION CO.,LTD.

402,200

708.00284,757,600

285,800

GUMI INC.

396,700

699.00277,293,300

277,500

SHOWCASE INC.

48,200374.0018,026,800

32,800MOBILE FACTORY,INC.

44,000848.0037,312,000

30,600TERRASKY CO.,LTD

116,300

2,578.00

299,821,400

62,900

DIGITAL INFORMATION TECHNOLOGIESCORPORATION

155,800

1,573.00

245,073,400

PCI HOLDINGS,INC.

79,9001,171.00

93,562,900

INTERNETWORKING AND BROADBAND
CONSULTING CO.,LTD.

32,200583.0018,772,600

NEOJAPAN INC.

89,9001,014.00

91,158,600

60,700PR TIMES CORPORATION

67,6001,410.00

95,316,000

37,2001,274,600

2,283.00

2,909,911,800

R&D COMPUTER CO.,LTD.

50,5001,282.00

64,741,000

100

DOUBLE STANDARD INC.

109,200

2,417.00

263,936,400

40,000OPEN DOOR INC.

188,500

1,239.00

233,551,500

133,900

MYNET INC.

67,400338.0022,781,200

34,100AKATSUKI INC.

127,900

2,018.00

258,102,200

BENEFIT JAPAN CO.,LTD.

12,6001,233.00

15,535,800

8,200

UBICOM HOLDINGS,INC.

83,5001,480.00

123,580,000

31,300KANAMIC NETWORK CO.,LTD

290,200

455.00132,041,000

8,000

NOMURA SYSTEM CORPORATION CO,LTD.

196,100

122.0023,924,200

11,400

CHANGE HOLDINGS,INC.

660,000

2,215.00

1,461,900,000

461,700SYNCHRO FOOD CO.,LTD.

132,400

682.0090,296,800

92,400AUCNET INC.

133,000

1,701.00

226,233,000

96,900CAPITAL ASSET PLANNING,INC.

40,300802.0032,320,600

6,300

SEGUE GROUP CO.,LTD.

57,7001,085.00

62,604,500

1,000

ATLED CORP.

31,6001,435.00

45,346,000

1,200

MACROMILL,INC.

528,800

809.00427,799,200

148,200

BEAGLEE INC.

35,1001,120.00

39,312,000

10,800

ORO CO.,LTD.

81,2001,941.00

157,609,200

1,200

RAKUS CO.,LTD.

81

15,400108,200

16,100USER LOCAL,INC.

97,2002,407.00

233,960,400

69,500TEMONA.INC.

48,100296.00

14,237,600

27,700

NEEDS WELL INC.

114,500

774.0088,623,000

MONEY FORWARD,INC.

651,000

5,544.00

3,609,144,000

7,800

SIGNPOST CORPORATION

81,000545.0044,145,000

55,500SUN* INC.

191,200

1,207.00

230,778,400

71,600DENSAN SYSTEM HOLDINGS CO.,LTD.

130,100

3,095.00

402,659,500

39,8001,021,600

1,727.00

1,764,303,200

151,100

SOLXYZ CO.,LTD.

169,800

426.0072,334,800

FAITH, INC.

58,400511.0029,842,400

PROTO CORPORATION

337,000

1,176.00

396,312,000

HIMACS,LTD.

84,2001,398.00

117,711,600

400

5,368,800

3,824.00

20,530,291,200

7,700

CYBERNET SYSTEMS CO.,LTD.

225,600

815.00183,864,000

156,300

CE HOLDINGS CO.,LTD.

108,000

656.0070,848,000

1,500JAPAN SYSTEM TECHNIQUES CO.,LTD.

87,4002,454.00

214,479,600

INTAGE HOLDINGS INC.

304,600

1,599.00

487,055,400

5,200

TOHO SYSTEM SCIENCE CO.,LTD.

58,5001,209.00

70,726,500

41,7001,370,100

193.00264,429,300

958,500

INFOCOM CORPORATION

347,300

2,223.00

772,047,900

19,200SIMPLEX HOLDINGS,INC.

460,800

2,541.00

1,170,892,800

2,400

HEROZ,INC.

90,6001,999.00

181,109,400

64,300RAKSUL INC.

646,200

1,456.00

940,867,200

441,700

MERCARI,INC.

1,623,200

3,340.00

5,421,488,000

182,100

IPS,INC.

87,5002,279.00

199,412,500

61,900

FUTURE INNOVATION GROUP,INC.

242,200

276.0066,847,200

170,900

SYSTEM SUPPORT INC.

104,300

2,036.00

212,354,800

ESOL CO.,LTD.

172,500

853.00147,142,500

ARTERIA NETWORKS CORPORATION

251,200

1,976.00

496,371,200

TOKAI SOFT CO.,LTD.

31,1001,125.00

34,987,500

WINGARC1ST INC.

278,000

2,282.00

634,396,000

HITO-COMMUNICATIONS HOLDINGS,INC.

71,9001,505.00

108,209,500

50,100SERVERWORKS CO.,LTD.

54,8002,884.00

158,043,200

38,200TOUMEI CO.,LTD.

15,6002,652.00

41,371,200

11,500WITZ CORPORATION

20,6001,458.00

30,034,800

7,700

TOBILA SYSTEMS INC.

52,300927.0048,482,100

36,400SANSAN,INC.

882,100

1,508.50

1,330,647,850

23,600

LINK-U INC.

49,9001,013.00

50,548,700

34,700

GIFTEE INC.

293,600

1,725.00

506,460,000

208,200

MEDLEY,INC.

361,900

5,210.00

1,885,499,000

28,600BASE CO.,LTD.

91,5005,350.00

489,525,000

JMDC INC.

442,900

5,499.00

2,435,507,100

FOCUS SYSTEMS CORPORATION

196,500

1,028.00

202,002,000

APPIER GROUP,INC.

NOMURA RESEARCH INSTITUTE,LTD.

SOURCENEXT CORPORATION

82

40,80076,300

2,500

3,400

CRESCO LTD.

208,000

1,946.00

404,768,000

2,200

2,588,600

1,551.00

4,014,918,600

116,000

OBIC CO.,LTD.

900,700

22,515.00

20,279,260,500

7,200

JUSTSYSTEMS CORPORATION

387,200

3,932.00

1,522,470,400

8,900

TDC SOFT INC.

227,100

1,751.00

397,652,100

Z HOLDINGS CORPORATION

38,353,500

368.6014,137,100,100

TREND MICRO INCORPORATED

1,556,600

6,821.00

10,617,568,600

ID HOLDINGS CORPORATION

181,500

1,254.00

227,601,000

ORACLE CORPORATION JAPAN515,600

10,035.00

5,174,046,000

365,700

ALPHA SYSTEMS INC.

84,7003,315.00

280,780,500

55,200

FUTURE CORPORATION

670,500

1,718.00

1,151,919,000

74,100CAC HOLDINGS CORPORATION

165,100

1,654.00

273,075,400

SB TECHNOLOGY CORP.

114,300

2,656.00

303,580,800

TOSE CO.,LTD.

60,100753.0045,255,300

OBIC BUSINESS CONSULTANTS CO.,LTD.

530,400

5,160.00

2,736,864,000

1,447,000

3,529.00

5,106,463,000

ITFOR INC.

354,900

1,063.00

377,258,700

TOUKEI COMPUTER CO.,LTD.

37,6006,080.00

228,608,000

26,200XNET CORPORATION

29,0001,015.00

29,435,000

2,600

1,527,400

5,478.00

8,367,097,200

11,800CYBOZU,INC.

371,100

2,236.00

829,779,600

7,300

INFORMATION SERVICES INTERNATIONALDENTSU,LTD.

327,500

5,120.00

1,676,800,000

ACCESS CO.,LTD.

318,600

926.00295,023,600

DIGITAL GARAGE,INC.

478,400

4,065.00

1,944,696,000

23,200EM SYSTEMS CO.,LTD.

449,300

793.00356,294,900

85,500WEATHERNEWS INC.

83,3006,510.00

542,283,000

5,200

COMPUTER INSTITUTE OF JAPAN,LTD.

447,400

565.00252,781,000

333,100

BUSINESS ENGINEERING CORPORATION

44,3003,125.00

138,437,500

31,200NIHON ENTERPRISE CO.,LTD.

216,800

146.0031,652,800

25,400WOWOW INC.

202,900

1,128.00

228,871,200

102,200

SCALA,INC.

249,400

741.00184,805,400600

INTELLIGENT WAVE INC.

111,100

754.0083,769,400

500

IMAGICA GROUP INC.

224,800

678.00152,414,400

148,500

NET ONE SYSTEMS CO.,LTD.

1,004,100

2,981.50

2,993,724,150

SYSTEMSOFT CORPORATION

938,000

78.00

73,164,000

ARGO GRAPHICS INC.

247,100

3,755.00

927,860,500

MARVELOUS INC.

437,700

670.00293,259,000

AVEX INC.

457,800

1,531.00

700,891,800

BIPROGY INC.

991,800

3,396.00

3,368,152,800

TSUZUKI DENKI CO.,LTD.

141,900

1,900.00

269,610,000

87,100TBS HOLDINGS,INC.

1,379,400

2,620.50

3,614,717,700

471,600NIPPON TELEVISION HOLDINGS,INC.

2,385,900

1,338.00

3,192,334,200

8,500

FUJI MEDIA HOLDINGS,INC.

ITOCHU TECHNO-SOLUTIONSCORPORATIONOTSUKA CORPORATION

83

396,800

4,400

13,400ASAHI BROADCASTING GROUP HOLDINGSCORPORATION

252,200

660.00166,452,000

TV ASAHI HOLDINGS CORPORATION

654,400

1,693.00

1,107,899,200

SKY PERFECT JSAT HOLDINGS INC.

2,390,800

580.001,386,664,000

TV TOKYO HOLDINGS CORPORATION

194,000

3,405.00

660,570,000

42,100NIPPON BS BROADCASTING CORPORATION

75,100930.0069,843,000

52,500VISION INC.

355,000

1,780.00

631,900,000

65,100

SMARTVALUE CO.,LTD.

50,500387.0019,543,500

35,600USEN-NEXT HOLDINGS CO.,LTD.

301,900

3,325.00

1,003,817,500

214,400

WIRELESSGATE,INC.

91,000223.0020,293,000

1,800

2,487,000

240.00596,880,000

1,106,700

33,7001,037.00

34,946,900

NIPPON TELEGRAPH AND TELEPHONECORPORATION

863,305,300

166.20143,481,340,860

KDDI CORPORATION

20,825,000

4,291.00

89,360,075,000

7,300

SOFTBANK CORP.

43,308,300

1,536.50

66,543,202,950

1,692,200

HIKARI TSUSHIN,INC.

316,900

20,595.00

6,526,555,500

1,700

MTI LTD.

184,700

557.00102,877,900

106,500

GMO INTERNET GROUP,INC.

995,800

2,701.50

2,690,153,700

61,100FIBERGATE INC.

144,800

1,416.00

205,036,800

91,400

AIDMA MARKETING COMMUNICATIONCORPORATION

47,500273.0012,967,500

KADOKAWA CORPORATION

1,424,700

3,426.00

4,881,022,200

GAKKEN HOLDINGS CO.,LTD.

448,600

865.00388,039,000

290,600

ZENRIN CO.,LTD.

460,600

925.00426,055,000

18,300SHOBUNSHA HOLDINGS,INC.

89,500298.0026,671,000

2,000

IMPRESS HOLDINGS, INC.

184,000

234.0043,056,000

88,600I-NET CORP.

163,200

1,640.00

267,648,000

29,600

SHOCHIKU CO.,LTD.

154,100

10,535.00

1,623,443,500

19,4001,686,600

5,370.00

9,057,042,000

6,700

74,20017,870.00

1,325,954,000

3,000

8,455,900

1,923.00

16,260,695,700

18,100PCA CORPORATION

154,700

1,398.00

216,270,600

24,600

BUSINESS BRAIN SHOWA.OTA INC.

115,100

2,248.00

258,744,800

1,300

DTS CORPORATION

573,800

3,240.00

1,859,112,000

1,100

1,354,400

6,421.00

8,696,602,400

27,200377,800

1,739.00

656,994,200

CAPCOM CO.,LTD.

2,678,000

5,592.00

14,975,376,000

ISB CORPORATION

137,300

1,566.00

215,011,800

JASTEC CO.,LTD.

165,400

1,313.00

217,170,200

31,5002,199,300

2,220.50

4,883,545,650

1,800

NSW INC.

104,800

2,362.00

247,537,600

INES CORPORATION

189,000

1,461.00

276,129,000

TKC CORPORATION

429,800

3,740.00

1,607,452,000

JAPAN COMMUNICATIONS INC.
CROPS CORPORATIONTOHO CO.,LTD
TOEI COMPANY,LTD.
NTT DATA GROUP CORPORATIONSQUARE ENIX HOLDINGS CO.,LTD.
COMPUTER ENGINEERING & CONSULTINGLTD.

SCSK CORPORATION

84

172,900
13,60057,522,500

33,50016,7001,100

FUJI SOFT INCORPORATED

609,500

4,445.00

2,709,227,500

21,600NSD CO., LTD.

961,600

2,764.00

2,657,862,400

22,0001,153,600

7,328.00

8,453,580,800

2,400

FUKUI COMPUTER HOLDINGS,INC.

187,200

2,665.00

498,888,000

2,900

JBCC HOLDINGS INC.

196,500

2,431.00

477,691,500

4,300

MIROKU JYOHO SERVICE CO.,LTD.

244,800

1,571.00

384,580,800

75,40013,294,200

6,724.00

89,390,200,800

TAKACHIHO KOHEKI CO.,LTD.

78,7003,150.00

247,905,000

54,900

OLBA HEALTHCARE HOLDINGS,INC.

33,0001,753.00

57,849,000

22,800ITOCHU-SHOKUHIN CO.,LTD.

63,9005,090.00

325,251,000

ELEMATEC CORPORATION

255,000

1,820.00

464,100,000

ARATA CORPORATION

217,400

4,605.00

1,001,127,000

TOMEN DEVICES CORPORATION

41,0004,950.00

202,950,000

TOKYO ELECTRON DEVICE LIMITED

105,000

10,190.00

1,069,950,000

TSUBURAYA FIELDS HOLDINGS INC.

488,200

2,914.00

1,422,614,800

340,000

SOJITZ CORPORATION

2,833,700

3,193.00

9,048,004,100

2,900

ALFRESA HOLDINGS CORPORATION

2,853,500

2,134.00

6,089,369,000

75,600YOKOREI CO.,LTD.

774,200

1,174.00

908,910,800

12,300SHINYEI KAISHA

29,3001,067.00

31,263,100

5,400

RASA CORPORATION

101,200

1,461.00

147,853,200

2,000

ALCONIX CORPORATION

373,900

1,373.00

513,364,700

130,400

KOBE BUSSAN CO.,LTD.

2,199,400

3,576.00

7,865,054,400

1,444,000

HYPER INC.

41,600446.0018,553,600

1,100

AI HOLDINGS CORPORATION

454,900

2,233.00

1,015,791,700

131,200

DVX INC.

60,700889.0053,962,300

22,9001,161,900

2,696.00

3,132,482,400

MACNICA HOLDINGS,INC.

672,700

5,790.00

3,894,933,000

LACTO JAPAN CO.,LTD.

109,800

2,032.00

223,113,600

67,900

GREMZ,INC.

118,700

2,948.00

349,927,600

27,900VITAL KSK HOLDINGS,INC.

415,300

908.00377,092,400

YASHIMA DENKI CO.,LTD.

229,800

1,351.00

310,459,800

50,400MEDIUS HOLDINGS CO.,LTD.

181,800

788.00143,258,400

128,800

RESTAR HOLDINGS CORPORATION

272,000

2,374.00

645,728,000

4,900

JUTEC HOLDINGS CORPORATION

50,8001,193.00

60,604,400

35,400OOMITSU CO.,LTD.

92,700591.0054,785,700

40,400OCHI HOLDINGS CO.,LTD.

50,3001,281.00

64,434,300

500

1,403,500

889.001,247,711,500

KUROTANI CORPORATION

60,500617.0037,328,500

42,900

COMINIX CO.,LTD.

43,500851.0037,018,500

100

SANYO TRADING CO.,LTD.

320,600

1,342.00

430,245,200

BEAUTY GARAGE INC.

44,8004,535.00

203,168,000

24,600WIN-PARTNERS CO.,LTD.

206,900

1,041.00

215,382,900

1,600

KONAMI GROUP CORPORATIONSOFTBANK GROUP CORP.

DAIWABO HOLDINGS CO.,LTD.

TOKAI HOLDINGS CORPORATION

85

Collateral
Securities500,000
Loaned Securities
195,700

73,40028,600MITACHI CO.,LTD.

56,0001,359.00

76,104,000

9,900

1,021,600

2,321.50

2,371,644,400

23,400

MEIJI ELECTRIC INDUSTRIES CO.,LTD.

105,400

1,451.00

152,935,400

15,000DELICA FOODS HOLDINGS CO.,LTD.

86,300601.0051,866,300

5,700

STARTIA HOLDINGS,INC.

43,2001,324.00

57,196,800

30,100

KOMEDA HOLDINGS CO.,LTD.

696,800

2,682.00

1,868,817,600

384,400

P-BAN.COM CORP.

31,700466.0014,772,200

24,700ASCENTECH K.K.

95,200676.0064,355,200

18,100

FUJI KOSAN COMPANY,LTD.

49,2001,614.00

79,408,800

36,200KYOEI SANGYO CO.,LTD.

20,2002,037.00

41,147,400

13,400MARUKA FURUSATO CORPORATION

282,600

2,407.00

680,218,200

105,000

YAMAE GROUP HOLDINGS CO.,LTD.

160,700

2,873.00

461,691,100

ONOKEN CO.,LTD.

279,100

1,609.00

449,071,900

NANYO CORPORATION

41,9002,171.00

90,964,900

SATORI ELECTRIC CO.,LTD.

138,800

1,661.00

230,546,800

ECHO TRADING CO.,LTD.

42,400842.0035,700,800

900

HAKUTO CO.,LTD.

162,700

5,660.00

920,882,000

82,600KONDOTEC INC.

218,400

1,193.00

260,551,200

153,000

NAKAYAMAFUKU CO.,LTD.

117,300

345.0040,468,500

45,200NAGAILEBEN CO.,LTD.

359,100

2,223.00

798,279,300

131,000

MITSUBISHI SHOKUHIN CO.,LTD.

262,500

3,685.00

967,312,500

MATSUDA SANGYO CO.,LTD.

216,300

2,241.00

484,728,300

400

DAIICHIKOSHO CO.,LTD.

1,100,000

2,649.50

2,914,450,000

5,900

MEDIPAL HOLDINGS CORPORATION

2,718,700

2,310.50

6,281,556,350

68,800SPK CORPORATION

126,100

1,776.00

223,953,600

HAGIWARA ELECTRIC HOLDINGS CO.,LTD.

111,100

3,460.00

384,406,000

AS ONE CORPORATION

404,700

5,278.00

2,136,006,600

SUZUDEN CORPORATION

99,4002,199.00

218,580,600

2,500

OIE SANGYO CO.,LTD.

52,1001,329.00

69,240,900

4,000

SHIMOJIMA CO.,LTD.

195,000

1,058.00

206,310,000

DOSHISHA CO.,LTD.

300,500

2,234.00

671,317,000

5,800

OZU CORPORATION

49,0001,571.00

76,979,000

34,300

KOHSOKU CORPORATION

147,500

2,015.00

297,212,500

200

TAKEBISHI CORPORATION

108,300

1,715.00

185,734,500

14,100RIX CORPORATION

45,6003,130.00

142,728,000

MARUBUN CORPORATION

253,700

1,286.00

326,258,200

HAPPINET CORPORATION

241,700

2,190.00

529,323,000

HASHIMOTO SOGYO HOLDINGS CO.,LTD.

112,300

1,186.00

133,187,800

JAPAN LIFELINE CO.,LTD.

833,200

986.00821,535,200

TAKASHO CO.,LTD.

247,400

680.00168,232,000

159,000

IDOM INC.

859,300

936.00804,304,800

11,700SHINWA CO.,LTD.

173,800

2,387.00

414,860,600

14,700SK JAPAN CO.,LTD.

53,700549.0029,481,300

300

SHIP HEALTHCARE HOLDINGS,INC.

86

3,000

DAITRON CO.,LTD.

112,100

2,993.00

335,515,300

SIIX CORPORATION

405,100

1,520.00

615,752,000

282,100TANAKA CO.,LTD.

62,100642.0039,868,200

4,400

OHASHI TECHNICA INC.

137,500

1,555.00

213,812,500

200

HAKUDO CO.,LTD.

102,600

2,294.00

235,364,400

72,900DAIKO TSUSAN CO.,LTD.

22,5001,126.00

25,335,000

14,600ITOCHU CORPORATION

17,518,400

5,540.00

97,051,936,000

147,800

MARUBENI CORPORATION

22,186,300

2,400.50

53,258,213,150

1,699,700

34,6003,480.00

120,408,000

1,303,300

2,386.00

3,109,673,800

152,600

2,992.00

456,579,200

2,490,400

7,168.00

17,851,187,200

407,900

580.00236,582,000

1,103,700

2,002.00

2,209,607,400

31,5001,351.00

42,556,500

20,176,600

5,236.00

105,644,677,600

JAPAN PULP AND PAPER COMPANY
LIMITED

150,900

4,705.00

709,984,500

KAMEI CORPORATION

302,200

1,465.00

442,723,000

TOHTO SUISAN CO.,LTD.

11,3006,570.00

74,241,000

OUG HOLDINGS INC.

32,3002,450.00

79,135,000

STARZEN COMPANY LIMITED

215,800

2,268.00

489,434,400

4,400

YAMAZEN CORPORATION

766,200

1,101.00

843,586,200

197,400

TSUBAKIMOTO KOGYO CO.,LTD.

45,7004,105.00

187,598,500

8,100

17,607,000

2,973.00

52,345,611,000

115,200

5,700.00

656,640,000

MITSUBISHI CORPORATION

17,333,600

6,832.00

118,423,155,200

368,800

DAIICHI JITSUGYO CO.,LTD.

100,300

5,280.00

529,584,000

3,400

CANON MARKETING JAPAN INC.

658,600

3,576.00

2,355,153,600

353,100

SEIKA CORPORATION

111,400

1,974.00

219,903,600

SATO SHOJI CORPORATION

197,200

1,438.00

283,573,600

1,100

RYOYO ELECTRO CORPORATION

242,400

3,645.00

883,548,000

27,200TOKYO SANGYO CO.,LTD.

259,300

867.00224,813,100

1,400

YUASA TRADING CO.,LTD.

244,300

4,445.00

1,085,913,500

SHINSHO CORPORATION

71,2005,780.00

411,536,000

200

TORQ INC.

118,200

254.0030,022,800

59,200HANWA CO.,LTD.

510,500

4,460.00

2,276,830,000

1,200

SHOEI FOODS CORPORATION

189,000

4,225.00

798,525,000

17,700KANADEN CORPORATION

189,700

1,269.00

240,729,300

RYODEN CORPORATION

229,400

2,208.00

506,515,200

157,100

IWATANI CORPORATION

647,300

7,460.00

4,828,858,000

6,000

NICE CORPORATION

59,9001,488.00

89,131,200

NICHIMO CO.,LTD.

28,1003,950.00

110,995,000

TAKASHIMA & CO.,LTD.
NAGASE & CO.,LTD.
CHORI CO.,LTD.
TOYOTA TSUSHO CORPORATIONSANKYO SEIKO CO.,LTD.
KANEMATSU CORPORATIONTSUKAMOTO CORPORATION CO.,LTD.
MITSUI & CO.,LTD.

SUMITOMO CORPORATION (SUMITOMOSHOJI KAISHA,LTD.)
UCHIDA YOKO CO.,LTD.

87

281,000

4,300
2,501,900
12,9008,200

400

KYOKUTO BOEKI KAISHA,LIMITED

169,700

1,745.00

296,126,500

3,200

ASTENA HOLDINGS CO.,LTD.

491,800

444.00218,359,200

344,000

SAN-AI OBBLI CO.,LTD.

751,600

1,497.00

1,125,145,200

1,900

INABATA & CO.,LTD.

573,900

3,110.00

1,784,829,000

100

GSI CREOS CORPORATION

165,000

1,970.00

325,050,000

69,800MEIWA CORPORATION

377,900

664.00250,925,600

112,200

KUWAZAWA HOLDINGS CORPORATION

70,500568.0040,044,000

49,700

WAKITA & CO.,LTD.

522,700

1,276.00

666,965,200

TOHO HOLDINGS CO.,LTD.

707,800

2,624.50

1,857,621,100

SANGETSU CORPORATION

713,800

2,454.00

1,751,665,200

MITSUUROKO GROUP HOLDINGS CO.,LTD.

362,600

1,358.00

492,410,800

2,000

SINANEN HOLDINGS CO.,LTD.

91,8003,785.00

347,463,000

5,500

ITOCHU ENEX CO.,LTD.

704,700

1,258.00

886,512,600

SANRIO COMPANY,LTD.

805,500

6,211.00

5,002,960,500

SUN-WA TECHNOS CORPORATION

145,100

2,365.00

343,161,500

RYOSAN COMPANY,LIMITED

301,400

4,355.00

1,312,597,000

SHINKO SHOJI CO.,LTD.

381,900

1,157.00

441,858,300

TOHO CO.,LTD.

121,700

2,794.00

340,029,800

45,000SANSHIN ELECTRONICS CO.,LTD.

114,500

2,137.00

244,686,500

80,500TOYO CORPORATION

288,300

1,382.00

398,430,600

MOS FOOD SERVICES,INC.

418,200

3,200.00

1,338,240,000

KAGA ELECTRONICS CO.,LTD.

230,700

6,400.00

1,476,480,000

SODA NIKKA CO.,LTD.

161,600

822.00132,835,200

1,800

TACHIBANA ELETECH CO.,LTD.

207,500

2,858.00

593,035,000

200

FORVAL CORPORATION

111,500

1,117.00

124,545,500

77,700PALTAC CORPORATION

447,000

4,763.00

2,129,061,000

MITANI SANGYO CO.,LTD.

496,600

316.00156,925,600

64,700TAIHEIYO KOUHATSU INCORPORATED

76,600761.0058,292,600

33,400NISHIMOTO CO.,LTD.

72,1004,445.00

320,484,500

50,600YAMASHITA HEALTH CARE HOLDINGS,INC.

18,0002,064.00

37,152,000

6,800

KOA SHOJI HOLDINGS CO.,LTD.

159,200

646.00102,843,200

49,300KPP GROUP HOLDINGS CO.,LTD.

662,300

633.00419,235,900

89,200

YAMATANE CORPORATION

125,400

1,709.00

214,308,600

MARUBENI CONSTRUCTION MATERIALLEASE CO.,LTD.

19,3002,460.00

47,478,000

SENSHU ELECTRIC CO.,LTD.

142,400

3,650.00

519,760,000

56,700

TRUSCO NAKAYAMA CORPORATION

597,000

2,229.00

1,330,713,000

283,900

AUTOBACS SEVEN CO.,LTD.

989,400

1,533.00

1,516,750,200

MORITO CO.,LTD.

203,500

1,061.00

215,913,500

KATO SANGYO CO.,LTD.

351,700

3,795.00

1,334,701,500

KITAKEI CO.,LTD.

49,300779.0038,404,700

YELLOW HAT LTD.

501,700

1,818.00

912,090,600

JK HOLDINGS CO.,LTD.

218,300

969.00211,532,700

6,600

NICHIDEN CORPORATION

168,200

2,437.00

409,903,400

800

88

458,300

8,200

600

3,700

3,500

26,20019,000KITAZAWA SANGYO CO.,LTD.

117,300

369.0043,283,700

81,900SUGIMOTO & CO.,LTD.

126,000

2,148.00

270,648,000

100

INABA DENKISANGYO CO.,LTD.

737,000

3,130.00

2,306,810,000

TOTECH CORPORATION

94,9005,280.00

501,072,000

4,291,100

2,774.00

11,903,511,400

1,000

ALTECH CO.,LTD.

122,600

256.0031,385,600

76,400

TAKIHYO CO.,LTD.

53,5001,028.00

54,998,000

37,800ZAOH COMPANY,LTD.

36,4002,401.00

87,396,400300

SUZUKEN CO.,LTD.

832,300

3,856.00

3,209,348,800

GECOSS CORPORATION

169,800

883.00149,933,400

GLOSEL CO.,LTD.

265,900

419.00111,412,100

LAWSON,INC.

705,500

6,322.00

4,460,171,000

SAN-A CO.,LTD.

216,900

4,580.00

993,402,000

17,300CAWACHI LIMITED

222,300

2,182.00

485,058,600

36,200

ABC-MART,INC.

414,700

7,884.00

3,269,494,800

HARD OFF CORPORATION CO.,LTD.

88,3001,506.00

132,979,800

ASKUL CORPORATION

588,000

2,166.00

1,273,608,000

413,700

GEO HOLDINGS CORPORATION

278,000

1,924.00

534,872,000

53,600ADASTRIA CO.,LTD.

343,300

2,955.00

1,014,451,500

207,500

GFOOT CO.,LTD.

149,700

276.0041,317,200

105,700

CVS BAY AREA INC.

28,500538.0015,333,000

9,600

KURA SUSHI,INC.

332,800

3,030.00

1,008,384,000

236,100

CAN DO CO.,LTD.

101,100

2,502.00

252,952,200

65,800IK HOLDINGS CO.,LTD.

70,100376.0026,357,600

46,000PAL GROUP HOLDINGS CO.,LTD

279,000

3,790.00

1,057,410,000

EDION CORPORATION

1,125,500

1,424.00

1,602,712,000

795,100

SALA CORPORATION

597,200

769.00459,246,800

335,500

WATTS CO.,LTD.

107,500

715.0076,862,500

75,000HALOWS CO.,LTD.

129,200

3,615.00

467,058,000

FUJIO FOOD GROUP INC.

315,300

1,415.00

446,149,500

222,800

AMIYAKI TEI CO.,LTD.

68,8003,310.00

227,728,000

46,400HIRAMATSU INC.

473,100

253.00

119,694,300

66,700DAIKOKUTENBUSSAN CO.,LTD.

87,3006,310.00

550,863,000

44,900HONEYS HOLDINGS CO.,LTD.

224,300

1,732.00

388,487,600

161,800

PHARMARISE HOLDINGS CORPORATION

48,000616.0029,568,000

18,000ALPEN CO.,LTD.

234,500

1,966.00

461,027,000

163,100

HUB CO.,LTD.

72,200813.0058,698,600

49,700QOL HOLDINGS CO.,LTD.

390,900

1,729.00

675,866,100

JINS HOLDINGS INC.

168,700

3,250.00

548,275,000

119,800

BIC CAMERA INC.

1,512,500

1,059.00

1,601,737,500

1,078,300

DCM HOLDINGS CO.,LTD.

1,652,500

1,185.00

1,958,212,500

77,600704,200

126.0088,729,200

461,000

4,030,300

1,774.00

7,149,752,200

575,700

MISUMI GROUP INC.

PEPPER FOOD SERVICE CO.,LTD.
MONOTARO CO.,LTD.

89

88,900TOKYO ICHIBAN FOODS CO.,LTD.

50,500506.0025,553,000

35,200DD GROUP CO.,LTD.

142,700

1,334.00

190,361,800

6,400

KICHIRI HOLDINGS & CO.,LTD.

51,900855.0044,374,500

ARCLAND SERVICE HOLDINGS CO.,LTD.

232,800

2,880.00

670,464,000

165,600

3,534,400

1,386.50

4,900,445,600

466,700

504,100

2,063.00

1,039,958,300

1,723,900

7,914.00

13,642,944,600

287,400

151,500

2,713.00

411,019,500

108,000

1,879,000

2,878.00

5,407,762,000

TREASURE FACTORY CO.,LTD.

137,000

1,704.00

233,448,000

4,100

THE MONOGATARI CORPORATION

474,900

3,415.00

1,621,783,500

198,900

4,786,600

1,468.00

7,026,728,800

50,500

HAMEE CORP.

98,200961.0094,370,200

18,900

MARKETENTERPRISE CO.,LTD

22,5001,507.00

33,907,500

10,300WELCIA HOLDINGS CO.,LTD.

1,474,800

3,031.00

4,470,118,800

71,700

CREATE SD HOLDINGS CO.,LTD.

470,000

3,425.00

1,609,750,000

330,900

MARUZEN CHI HOLDINGS CO.,LTD.

260,400

356.0092,702,400

203,600MISAWA & CO.,LTD.

40,000615.0024,600,000

TEA LIFE CO.,LTD.

29,9001,610.00

48,139,000

23,600AP HOLDINGS CO.,LTD.

45,700826.0037,748,200

32,300CHIMNEY CO.,LTD.

68,0001,357.00

92,276,000

47,400SYUPPIN CO.,LTD.

211,600

1,155.00

244,398,000

110,400

OISIX RA DAICHI INC.

382,100

2,353.00

899,081,300

267,300

NEXTAGE CO.,LTD.

648,900

3,700.00

2,400,930,000

452,900

JOYFUL HONDA CO.,LTD.

827,000

1,635.00

1,352,145,000

71,900TORIKIZOKU HOLDINGS CO.,LTD.

105,100

2,585.00

271,683,500

74,600

HOTLAND CO.,LTD.

217,600

1,628.00

354,252,800

134,100

3,886,300

1,770.00

6,878,751,000

2,700,800

SFP HOLDINGS CO.,LTD.

155,500

2,141.00

332,925,500

111,000

WATAHAN & CO.,LTD.

219,900

1,345.00

295,765,500

20,800YOSSIX HOLDINGS CO.,LTD.

43,6002,517.00

109,741,200

UNITED SUPER MARKETS HOLDINGS INC.

926,300

1,100.00

1,018,930,000

646,500

GOLF DIGEST ONLINE INC.

128,500

801.00102,928,500

91,900BEENOS INC.

120,600

2,003.00

241,561,800

84,700ASAHI CO.,LTD.

237,300

1,250.00

296,625,000

4,800

NIHON CHOUZAI CO.,LTD.

193,200

1,181.00

228,169,200

128,600

COSMOS PHARMACEUTICAL CORPORATION

281,400

14,570.00

4,099,998,000

199,900

TOELL CO.,LTD.

97,900738.0072,250,200

68,300

SEVEN & I HOLDINGS CO.,LTD.

9,798,100

6,023.00

59,013,956,300

6,839,400

CREATE RESTAURANTS HOLDINGS INC.

2,138,500

980.002,095,730,000

1,519,400

TSURUHA HOLDINGS INC.

596,700

10,695.00

6,381,706,500

261,400

SAINT MARC HOLDINGS CO.,LTD.

228,900

1,861.00

425,982,900

12,400FELISSIMO CORPORATION

49,5001,006.00

49,797,000

400

J.FRONT RETAILING CO.,LTD.
DOUTOR.NICHIRES HOLDINGS CO.,LTD.
MATSUKIYOCOCOKARA & CO.
BRONCO BILLY CO.,LTD.
ZOZO,INC.

ISETAN MITSUKOSHI HOLDINGS LTD.

SKYLARK HOLDINGS CO.,LTD.

90

TORIDOLL HOLDINGS CORPORATION

706,900

3,185.00

2,251,476,500

303,300

TOKYO BASE CO.,LTD.

292,400

349.00102,047,600

207,800

WILLPLUS HOLDINGS CORPORATION

35,3001,228.00

43,348,400

24,600JM HOLDINGS CO.,LTD.

214,500

1,965.00

421,492,500

169,800

SATUDORA HOLDINGS CO.,LTD.

100,100

778.0077,877,800

43,300ALLEANZA HOLDINGS CO.,LTD.

212,400

985.00209,214,000

143,600

KUSHIKATSU TANAKA HOLDINGS CO.

75,8001,641.00

124,387,800

44,200

BAROQUE JAPAN LIMITED

184,300

885.00163,105,500

130,900

KUSURI NO AOKI HOLDINGS CO.,LTD.

253,500

7,928.00

2,009,748,000

7,800

CHIKARANOMOTO HOLDINGS CO.,LTD.

127,000

2,086.00

264,922,000

85,5001,516,200

2,658.00

4,030,059,600

88,000MEDICAL SYSTEM NETWORK CO.,LTD.

246,300

366.0090,145,800

2,700

IKKA HOLDINGS CO.,LTD.

49,800645.0032,121,000

34,700JAPAN CRAFT HOLDINGS CO.,LTD.

128,700

248.0031,917,600

90,000HARUYAMA HOLDINGS INC.

92,800505.0046,864,000

63,700NOJIMA CO.,LTD.

927,700

1,350.00

1,252,395,000

50,400

KAPPA.CREATE CO.,LTD.

446,900

1,513.00

676,159,700

317,400

RIGHT ON CO.,LTD.

166,700

597.0099,519,900

116,400

RYOHIN KEIKAKU CO.,LTD.

3,103,600

1,372.50

4,259,691,000

700

PARIS MIKI HOLDINGS INC.

276,000

326.0089,976,000

1,500

ADVAN GROUP CO.,LTD.

270,400

987.00266,884,800

100

ALBIS CO.,LTD.

93,0002,389.00

222,177,000

KONAKA CO.,LTD.

241,000

401.0096,641,000

HOUSE OF ROSE CO.,LTD.

27,3001,612.00

44,007,600

1,600

G-7 HOLDINGS INC.

354,200

1,229.00

435,311,800

800

AEON HOKKAIDO CORPORATION

420,200

873.00366,834,600

297,800

KOJIMA CO.,LTD.

469,700

588.00276,183,600

327,000

HIMARAYA CO.,LTD.

69,300952.0065,973,600

48,300KOHNAN SHOJI CO.,LTD.

383,400

3,445.00

1,320,813,000

300

ECO'S CO.,LTD.

105,300

1,853.00

195,120,900

67,700

WATAMI CO.,LTD.

343,200

887.00304,418,400

82,400MARCHE CORPORATION

72,200257.0018,555,400

50,5005,739,600

2,588.50

14,856,954,600

629,400

1,629.00

1,025,292,600

446,800

1,556,200

6,535.00

10,169,767,000

33,300KOURAKUEN HOLDINGS CORPORATION

185,400

1,007.00

186,697,800

119,500

HURXLEY CORPORATION

77,600635.0049,276,000

SAIZERIYA CO.,LTD.

420,200

3,555.00

1,493,811,000

303,200

1,079,600

532.00574,347,200

776,800UORIKI CO.,LTD.

88,1002,173.00

191,441,300

27,000

POPLAR CO.,LTD.

58,000212.0012,296,000

28,800

FUJI CORPORATION

160,600

1,624.00

260,814,400

3,600

UNITED ARROWS LTD.

303,600

2,477.00

752,017,200

61,600

FOOD & LIFE COMPANIES LTD.

PAN PACIFIC INTERNATIONAL HOLDINGSCORPORATIONNISHIMATSUYA CHAIN CO.,LTD.
ZENSHO HOLDINGS CO.,LTD.

VT HOLDINGS CO.,LTD.

91

3,010,700

HIDAY HIDAKA CORP.

421,600

2,460.00

1,037,136,000

299,500

YU-WA CREATION HOLDINGS CO.,LTD.

131,900

191.0025,192,900

31,3001,309,900

2,022.00

2,648,617,800

930,600

PC DEPOT CORPORATION

317,300

478.00151,669,400

69,800ICHIBANYA CO.,LTD.

224,600

5,370.00

1,206,102,000

95,400TOP CULTURE CO.,LTD.

71,300190.0013,547,000

29,500PLANT CO.,LTD.

51,200725.0037,120,000

11,600SUGI HOLDINGS CO.,LTD.

572,700

6,283.00

3,598,274,100

YAKUODO HOLDINGS CO.,LTD.

158,700

2,462.00

390,719,400

32,700VIA HOLDINGS,INC.

344,100

85.00

29,248,500

135,900

SCROLL CORPORATION

421,800

932.00393,117,600

8,400

YONDOSHI HOLDINGS INC.

244,500

1,934.00

472,863,000

3,900

KISOJI CO.,LTD.

430,200

2,415.00

1,038,933,000

305,600

SRS HOLDINGS CO.,LTD.

468,800

945.00443,016,000

333,000

SENSHUKAI CO.,LTD.

523,100

391.00204,532,100

370,600

TAKA-Q CO.,LTD.

154,700

84.00

12,994,800

108,100

RETAIL PARTNERS CO.,LTD.

421,900

1,569.00

661,961,100

294,400

KEIYO CO.,LTD.

458,200

815.00373,433,000

226,500JOSHIN DENKI CO.,LTD.

253,200

1,962.00

496,778,400

4,200

NIPPON GAS CO.,LTD.

1,506,400

1,942.50

2,926,182,000

6,900

ROYAL HOLDINGS CO., LTD.

551,100

2,550.00

1,405,305,000

381,300

TOTENKO CO.,LTD.

16,300781.0012,730,300

1,000

INAGEYA CO.,LTD.

276,300

1,470.00

406,161,000

156,500

CHIYODA CO.,LTD.

271,600

888.00241,180,800

42,700LIFE CORPORATION

248,400

3,060.00

760,104,000

RINGER HUT CO.,LTD.

366,700

2,472.00

906,482,400

MRMAX HOLDINGS LTD.

398,100

626.00249,210,600

TEN ALLIED CO.,LTD.

250,200

285.0071,307,000

AOKI HOLDINGS INC.

522,400

904.00472,249,600

OKUWA CO.,LTD.

454,500

833.00378,598,500

KOMERI CO.,LTD.

437,400

2,844.00

1,243,965,600

AOYAMA TRADING CO.,LTD.

607,600

1,281.00

778,335,600

66,500SHIMAMURA CO.,LTD.

333,800

13,155.00

4,391,139,000

47,600

HASEGAWA CO.,LTD.

104,900

382.0040,071,800

2,143,500

1,989.00

4,263,421,500

822,200

481,900

1,159.00

558,522,100

11,8001,383,900

1,485.00

2,055,091,500

121,900

2,426.00

295,729,400

31,500MARUI GROUP CO.,LTD.

2,096,700

2,451.00

5,139,011,700

2,400

AXIAL RETAILING INC.

193,900

3,550.00

688,345,000

IZUTSUYA CO.,LTD.

105,000

335.0035,175,000

56,200AEON CO.,LTD.

9,637,700

2,960.00

28,527,592,000

509,000

IZUMI CO.,LTD.

432,100

3,294.00

1,423,337,400

59,500COLOWIDE CO.,LTD.

TAKASHIMAYA COMPANY,LIMITED
MATSUYA CO.,LTD.
H2O RETAILING CORPORATIONKINTETSU DEPARTMENT STORE CO.,LTD.

92

259,400

167,800

317,800HEIWADO CO.,LTD.

475,200

2,283.00

1,084,881,600

325,600

FUJI CO.,LTD.

436,400

1,811.00

790,320,400

303,300YAOKO CO.,LTD

321,700

7,168.00

2,305,945,600

232,200

XEBIO HOLDINGS CO.,LTD.

385,100

1,075.00

413,982,500

K'S HOLDINGS CORPORATION

2,009,700

1,235.50

2,482,984,350

1,500

OLYMPIC GROUP CORPORATION

82,100549.0045,072,900

39,300NISSAN TOKYO SALES HOLDINGS CO.,LTD.

281,300

385.00108,300,500

SILVER LIFE CO.,LTD.

54,4001,426.00

77,574,400

GENKY DRUGSTORES CO.,LTD.

124,500

4,055.00

504,847,500

NARUMIYA INTERNATIONAL CO.,LTD.

35,6001,005.00

35,778,000

25,100BOOKOFF GROUP HOLDINGS LIMITED

144,500

1,266.00

182,937,000

110,600

GIFT HOLDINGS INC.

60,1004,745.00

285,174,500

300

AIN HOLDINGS INC.

391,600

5,061.00

1,981,887,600

50,900

GENKI SUSHI CO.,LTD.

80,3003,285.00

263,785,500

57,600

YAMADA HOLDINGS CO.,LTD.

11,657,500

419.904,894,984,250

1,313,100

ARCLANDS CORPORATION

415,800

1,552.00

645,321,600

78,300NITORI HOLDINGS CO.,LTD.

1,150,000

15,830.00

18,204,500,000

26,800GOURMET KINEYA CO.,LTD.

230,200

1,021.00

235,034,200

163,500

AIGAN CO.,LTD.

163,000

184.0029,992,000

18,400KU HOLDINGS CO.,LTD.

166,300

1,195.00

198,728,500

1,112,600

2,555.00

2,842,693,000

MATSUYA FOODS HOLDINGS CO.,LTD.

134,100

4,105.00

550,480,500

SAGAMI HOLDINGS CORPORATION

456,700

1,254.00

572,701,800

244,900

KANSAI FOOD MARKET LTD.

256,700

1,403.00

360,150,100

53,000OHSHO FOOD SERVICE CORP.

187,200

6,500.00

1,216,800,000

39,800MINISTOP CO.,LTD.

206,600

1,444.00

298,330,400

151,500

ARCS COMPANY,LIMITED

521,400

2,468.00

1,286,815,200

67,100VALOR HOLDINGS CO.,LTD.

542,500

1,996.00

1,082,830,000

500

BELC CO.,LTD.

141,500

6,220.00

880,130,000

8,600

DAISYO CORPORATION

119,300

1,152.00

137,433,600

84,200FAST RETAILING CO.,LTD.

1,279,100

34,560.00

44,205,696,000

59,200SUNDRUG CO.,LTD.

1,079,200

4,177.00

4,507,818,400

SAC'S BAR HOLDINGS INC.

270,000

979.00264,330,000

7,000

YAMAZAWA CO.,LTD.

40,5001,276.00

51,678,000

2,300

YAMAYA CORPORATION

45,8002,691.00

123,247,800

31,900BELLUNA CO.,LTD.

684,000

696.00476,064,000

2,800

IYOGIN HOLDINGS,INC.

3,149,300

828.902,610,454,770

48,700SHIZUOKA FINANCIAL GROUP,INC.

5,879,800

1,046.50

6,153,210,700

CHUGIN FINANCIAL GROUP,INC.

2,228,000

879.401,959,303,200

RAKUTEN BANK,LTD.

920,500

1,866.00

1,717,653,000

653,600

THE SHIMANE BANK,LTD.

71,000486.0034,506,000

30,200JIMOTO HOLDINGS,INC.

181,800

398.0072,356,400

122,500

13,132,300

346.604,551,655,180

3,100

YOSHINOYA HOLDINGS CO.,LTD.

MEBUKI FINANCIAL GROUP,INC.

93

38,000788,900

TOKYO KIRABOSHI FINANCIAL GROUP,INC.

338,800

3,320.00

1,124,816,000

KYUSHU FINANCIAL GROUP,INC.

4,656,200

647.303,013,958,260

3,100JAPAN POST BANK CO.,LTD.

7,270,300

1,127.50

8,197,263,250

3,545,000

840,100

769.00646,036,900

587,700

CONCORDIA FINANCIAL GROUP,LTD.

14,200,100

588.708,359,598,870

NISHI-NIPPON FINANCIAL HOLDINGS,INC.

1,642,400

1,419.00

2,330,565,600

SAN JU SAN FINANCIAL GROUP,INC.

236,700

1,623.00

384,164,100

DAISHI HOKUETSU FINANCIAL GROUP,INC.

415,500

3,205.00

1,331,677,500

3,452,800

849.902,934,534,720

2,300

OKINAWA FINANCIAL GROUP,INC.

242,800

2,183.00

530,032,400

800

JUROKU FINANCIAL GROUP,INC.

343,000

3,175.00

1,089,025,000

1,000

HOKKOKU FINANCIAL HOLDINGS,INC.

278,600

4,265.00

1,188,229,000

22,800PROCREA HOLDINGS,INC.

324,000

2,077.00

672,948,000

6,900

AICHI FINANCIAL GROUP,INC.

370,200

2,233.00

826,656,600

83,500SBI SHINSEI BANK,LIMITED

618,100

2,810.00

1,736,861,000

98,3001,664,100

2,707.50

4,505,550,750

1,217,400

MITSUBISHI UFJ FINANCIAL GROUP,INC.

165,740,700

1,057.50

175,270,790,250

Collateral
Securities5,734,200
Loaned Securities
30,198,100

RESONA HOLDINGS, INC.

33,448,900

716.3023,959,447,070

2,900

SUMITOMO MITSUI TRUST HOLDINGS,INC.

4,809,500

5,332.00

25,644,254,000

5,500

19,339,100

6,200.00

119,902,420,000

Collateral
Securities70,500

THE CHIBA BANK,LTD.

7,375,300

912.906,732,911,370

6,800

THE GUNMA BANK,LTD.

5,135,500

549.402,821,443,700

THE MUSASHINO BANK,LTD.

339,700

2,355.00

799,993,500

THE CHIBA KOGYO BANK,LTD.

481,400

679.00326,870,600

333,300

1,161,300

211.00245,034,300

24,300

THE 77 BANK,LTD.

847,300

2,725.00

2,308,892,500

THE AKITA BANK,LTD.

177,300

1,698.00

301,055,400

THE YAMAGATA BANK,LTD.

293,900

1,064.00

312,709,600

THE BANK OF IWATE,LTD.

181,200

2,122.00

384,506,400

2,093,000

231.00483,483,000

546,200

100,300

1,040.00

104,312,000

33,400FUKUOKA FINANCIAL GROUP,INC.

2,112,700

3,095.00

6,538,806,500

SURUGA BANK LTD.

2,332,700

578.001,348,300,600

THE HACHIJUNI BANK,LTD.

5,589,800

658.003,678,088,400

THE YAMANASHI CHUO BANK,LTD.

271,800

1,307.00

355,242,600

THE OGAKI KYORITSU BANK,LTD.

504,400

1,867.00

941,714,800

THE FUKUI BANK,LTD.

236,500

1,471.00

347,891,500

THE SHIMIZU BANK,LTD.

105,300

1,462.00

153,948,600

THE BANK OF TOYAMA,LTD.

31,6001,699.00

53,688,400

THE SHIGA BANK,LTD.

440,100

2,784.00

1,225,238,400

THE NANTO BANK,LTD.

398,300

2,473.00

984,995,900

THE FIRST BANK OF TOYAMA,LTD.

HIROGIN HOLDINGS,INC.

AOZORA BANK,LTD.

SUMITOMO MITSUI FINANCIAL GROUP,INC.

TSUKUBA BANK,LTD.

THE TOHO BANK,LTD.
THE TOHOKU BANK,LTD.

94

400

1,657,800

800

5,300

15,200THE HYAKUGO BANK,LTD.

2,489,600

443.001,102,892,800

5,200

THE BANK OF KYOTO,LTD.

838,300

7,493.00

6,281,381,900

500

THE KIYO BANK,LTD.

946,800

1,478.00

1,399,370,400

6,900

HOKUHOKU FINANCIAL GROUP,INC.

1,682,200

1,211.50

2,037,985,300

10,500

THE SAN-IN GODO BANK,LTD.

1,656,300

848.001,404,542,400

1,100

THE TOTTORI BANK,LTD.

66,0001,173.00

77,418,000

THE HYAKUJUSHI BANK,LTD.

241,200

1,929.00

465,274,800

THE SHIKOKU BANK LTD.

420,300

882.00370,704,600

THE AWA BANK,LTD.

371,200

2,023.00

750,937,600

THE OITA BANK,LTD.

159,100

2,233.00

355,270,300

THE MIYAZAKI BANK,LTD.

172,800

2,420.00

418,176,000

THE BANK OF SAGA LTD.

155,000

1,698.00

263,190,000

BANK OF THE RYUKYUS,LIMITED

606,400

965.00585,176,000

SEVEN BANK,LTD.

9,480,500

288.902,738,916,450

11,400MIZUHO FINANCIAL GROUP,INC.

38,273,600

2,211.00

84,622,929,600

1,902,300

70,300733.0051,529,900

33,0002,922,000

1,038.50

3,034,497,000

THE BANK OF NAGOYA,LTD.

174,400

3,475.00

606,040,000

NORTH PACIFIC BANK,LTD.

4,010,100

287.001,150,898,700

THE TAIKO BANK,LTD.

61,2001,081.00

66,157,200

THE EHIME BANK,LTD.

356,600

826.00294,551,600

TOMATO BANK,LTD.

67,8001,055.00

71,529,000

THE KEIYO BANK,LTD.

1,211,200

556.00673,427,200

THE TOCHIGI BANK,LTD.

1,211,700

261.00316,253,700

THE KITA-NIPPON BANK,LTD.

92,8002,046.00

189,868,800

THE TOWA BANK,LTD.

485,700

547.00265,677,900

THE FUKUSHIMA BANK,LTD.

216,600

215.0046,569,000

40,200THE DAITO BANK,LTD.

80,400646.0051,938,400

4,800

TOMONY HOLDINGS,INC.

2,138,800

375.00802,050,000

FIDEA HOLDINGS CO.LTD.

273,500

1,416.00

387,276,000

1,800

3,388,400

246.00833,546,400

1,400

FINANCIAL PARTNERS GROUP CO.,LTD.

895,100

1,284.00

1,149,308,400

127,100

JAPAN INVESTMENT ADVISER CO.,LTD.

216,200

1,176.00

254,251,200

144,600

MERCURIA HOLDINGS CO.,LTD.

120,900

800.0096,720,000

4,200

3,831,600

2,845.50

10,902,817,800

581,800

JAPAN ASIA INVESTMENTCOMPANY,LIMITED

163,600

247.0040,409,200

JAFCO GROUP CO.,LTD.

883,600

1,792.50

1,583,853,000

24,100DAIWA SECURITIES GROUP INC.

18,924,000

723.3013,687,729,200

1,016,200

NOMURA HOLDINGS,INC.

48,738,800

542.2026,426,177,360

86,300OKASAN SECURITIES GROUP INC.

2,323,200

480.001,115,136,000

383,700

MARUSAN SECURITIES CO.,LTD.

880,500

438.00385,659,000

8,900

TOYO SECURITIES CO.,LTD.

877,700

300.00263,310,000

613,800

2,880,400

392.001,129,116,800

20,200

THE BANK OF KOCHI,LTD.
YAMAGUCHI FINANCIAL GROUP,INC.

SENSHU IKEDA HOLDINGS,INC.

SBI HOLDINGS,INC.

TOKAI TOKYO FINANCIAL HOLDINGS,INC.

95

13,00029,300

3,400

1,600

10,30087,700THE KOSEI SECURITIES CO.,LTD.

46,700577.0026,945,900

13,500

MITO SECURITIES CO.,LTD.

710,200

339.00240,757,800

84,900ICHIYOSHI SECURITIES CO.,LTD.

487,600

608.00296,460,800

MATSUI SECURITIES CO.,LTD.

1,563,100

801.001,252,043,100

800

MONEX GROUP,INC.

2,851,100

541.001,542,445,100

1,928,400

KYOKUTO SECURITIES CO.,LTD.

329,400

649.00213,780,600

IWAICOSMO HOLDINGS,INC.

301,600

1,464.00

441,542,400

AIZAWA SECURITIES GROUP CO.,LTD.

382,100

800.00305,680,000

MONEY PARTNERS GROUP CO.,LTD.

214,000

270.0057,780,000

SPARX GROUP CO.,LTD.

294,800

1,495.00

440,726,000

KOBAYASHI YOKO CO.,LTD.

88,300239.0021,103,700

31,800JAPAN POST INSURANCE CO.,LTD.

3,080,400

2,231.00

6,872,372,400

1,066,700

SOMPO HOLDINGS,INC.

4,542,000

6,556.00

29,777,352,000

20,700ANICOM HOLDINGS,INC.

898,700

634.00569,775,800

MS&AD INSURANCE GROUPHOLDINGS,INC.

5,385,700

5,226.00

28,145,668,200

DAI-ICHI LIFE HOLDINGS,INC.

12,929,000

2,859.00

36,964,011,000

1,620,600

TOKIO MARINE HOLDINGS,INC.

26,158,900

3,284.00

85,905,827,600

6,453,100

T&D HOLDINGS, INC.

7,102,300

2,242.00

15,923,356,600

2,466,100

ADVANCE CREATE CO.,LTD.

153,000

1,229.00

188,037,000

103,800

ZENKOKU HOSHO CO.,LTD.

692,100

4,902.00

3,392,674,200

253,500

ANSHIN GUARANTOR SERVICE CO.,LTD.

101,200

305.0030,866,000

56,200J-LEASE CO.,LTD.

69,1002,302.00

159,068,200

12,200ENTRUST INC.

78,600930.0073,098,000

1,900

MORTGAGE SERVICE JAPAN LIMITED

113,800

574.0065,321,200

81,400CASA INC.

79,500925.0073,537,500

63,100ARUHI CORPORATION

326,300

982.00320,426,600

46,900PREMIUM GROUP CO.,LTD.

445,800

1,740.00

775,692,000

NET PROTECTIONS HOLDINGS,INC.

875,800

330.00289,014,000

364,400

1,677,100

2,243.00

3,761,735,300

28,700

FUYO GENERAL LEASE CO.,LTD.

243,500

11,030.00

2,685,805,000

51,900MIZUHO LEASING COMPANY,LIMITED393,900

4,680.00

1,843,452,000

2,800TOKYO CENTURY CORPORATION

494,500

5,134.00

2,538,763,000

JAPAN SECURITIES FINANCE CO.,LTD.

972,700

1,083.00

1,053,434,100

4,382,600

335.001,468,171,000

251,200

4,235.00

1,063,832,000

100

AEON FINANCIAL SERVICE CO.,LTD.

1,519,400

1,267.00

1,925,079,800

5,300

ACOM CO.,LTD.

4,722,600

355.001,676,523,000

JACCS CO.,LTD.

282,000

5,030.00

1,418,460,000

ORIENT CORPORATION

690,900

1,141.00

788,316,900

13,900

ORIX CORPORATION

17,371,700

2,571.00

44,662,640,700

1,984,400

MITSUBISHI HC CAPITAL INC.

10,318,200

864.508,920,083,900

17,60095,800894.0085,645,200

75,3007,436,100

2,364.00

17,578,940,400

CREDIT SAISON CO.,LTD.

AIFUL CORPORATIONRICOH LEASING COMPANY,LTD.

KYUSHU LEASING SERVICE CO.,LTD.
JAPAN EXCHANGE GROUP,INC.

96

300

14,300EGUARANTEE,INC.

429,700

1,904.00

818,148,800

ASAX CO.,LTD.

92,800647.0060,041,600

NEC CAPITAL SOLUTIONS LIMITED

129,800

3,175.00

412,115,000

DAITO TRUST CONSTRUCTION CO.,LTD.

969,500

14,340.00

13,902,630,000

54,500ICHIGO INC.

3,047,000

284.00865,348,000

3,500

NIPPON PARKING DEVELOPMENT CO.,LTD.

2,800,800

226.00632,980,800

143,800

STAR MICA HOLDINGS CO.,LTD.

239,100

615.00147,046,500

36,600SRE HOLDINGS CORPORATION

129,900

3,580.00

465,042,000

44,100A.D.WORKS GROUP CO.,LTD.

518,100

203.00105,174,300

8,900

6,173,000

1,223.00

7,549,579,000

4,318,700

127,900

1,430.00

182,897,000

44,5001,654,700

3,450.00

5,708,715,000

57,800MIE KOTSU GROUP HOLDINGS,INC.

566,100

551.00311,921,100

395,100

SAMTY CO.,LTD.

420,700

2,240.00

942,368,000

296,900

DEAR LIFE CO., LTD.

451,100

834.00376,217,400

22,300KOSE R.E. CO.,LTD.

65,600800.0052,480,000

3,100

JINUSHI CO.,LTD.

202,100

1,869.00

377,724,900

142,400

PRESSANCE CORPORATION

417,700

2,000.00

835,400,000

150,700

THE GLOBAL LTD.

119,400

285.0034,029,000

85,100

HOUSECOM CORPORATION

32,900918.0030,202,200

14,700JAPAN PROPERTY MANAGEMENT CENTER
CO.,LTD.

133,800

1,090.00

145,842,000

SANSEI LANDIC CO.,LTD

60,400967.0058,406,800

5,200

STRUST CO.,LTD.

26,000682.0017,732,000

4,600

HOOSIERS HOLDINGS CO.,LTD.

408,100

988.00403,202,800

OPEN HOUSE GROUP CO.,LTD.

969,200

4,984.00

4,830,492,800

TOKYU FUDOSAN HOLDINGSCORPORATION

7,956,500

815.906,491,708,350

IIDA GROUP HOLDINGS CO.,LTD.

2,318,200

2,425.50

5,622,794,100

19,200E'GRAND CO.,LTD

31,4001,525.00

47,885,000

22,200MUGEN ESTATE CO.,LTD.

137,100

708.0097,066,800

8,400

B-LOT COMPANY LIMITED

140,900

718.00101,166,200

94,300FIRST BROTHERS CO.,LTD.

40,700983.0040,008,100

28,600&DO HOLDINGS CO.,LTD.

157,300

1,083.00

170,355,900

100

CRE,INC.

147,000

1,352.00

198,744,000

70,600PROPERTY AGENT INC.

25,7001,209.00

31,071,300

18,300KI-STAR REAL ESTATE CO.,LTD

127,500

4,765.00

607,537,500

88,000AGRATIO URBAN DESIGN INC.

36,4001,581.00

57,548,400

25,600

GOOD COM ASSET CO.,LTD.

245,400

809.00

198,528,600

2,200

J.S.B.CO.,LTD.

65,5004,965.00

325,207,500

LOADSTAR CAPITAL K.K.

150,800

1,608.00

242,486,400

105,400TENPO INNOVATION CO.,LTD.

62,2001,150.00

71,530,000

7,700

GLOBAL LINK MANAGEMENT INC.

39,2001,486.00

58,251,200

20,100FAITHNETWORK CO.,LTD

56,1001,508.00

84,598,800

3,600

HULIC CO.,LTD.
SANEI ARCHITECTURE PLANNING CO.,LTD.
NOMURA REAL ESTATE HOLDINGS,INC.

97

7,200

2,000

50,7003,300

PARK24 CO.,LTD.

2,062,500

1,822.50

3,758,906,250

226,500

PARACA INC.

93,2001,934.00

180,248,800

6,800

MIYAKOSHI HOLDINGS,INC.

120,600

838.00101,062,800

67,400

MITSUI FUDOSAN CO.,LTD.

11,293,300

2,827.50

31,931,805,750

1,204,800

MITSUBISHI ESTATE COMPANY,LIMITED

15,968,500

1,711.50

27,330,087,750

1,750,000

HEIWA REAL ESTATE CO.,LTD.

429,500

3,785.00

1,625,657,500

TOKYO TATEMONO CO.,LTD.

2,522,300

1,851.50

4,670,038,450

1,349,900

445,000

1,143.00

508,635,000

200

4,784,000

3,528.00

16,877,952,000

TOC CO.,LTD.

478,700

615.00294,400,500

6,900TOKYO RAKUTENCHI CO.,LTD.

43,5004,130.00

179,655,000

30,900LEOPALACE21 CORPORATION

2,979,000

307.00914,553,000

2,115,400

STARTS CORPORATION INC.

379,800

2,847.00

1,081,290,600

1,500

FUJI CORPORATION LIMITED

370,300

675.00249,952,500

AIRPORT FACILITIES CO.,LTD.

319,400

553.00176,628,200

MEIWA ESTATE COMPANY LIMITED

99,0001,038.00

102,762,000

32,100GOLDCREST CO.,LTD.

251,700

1,834.00

461,617,800

18,900ESLEAD CORPORATION

124,300

2,625.00

326,287,500

76,000NISSHIN GROUP HOLDINGSCOMPANY,LIMITED424,700

504.00214,048,800

ES-CON JAPAN LTD.

594,400

807.00479,680,800

1,337,500

450.00601,875,000

115,100

876.00100,827,600

1,372,000

1,862.00

2,554,664,000

MAINICHI COMNET CO.,LTD.

76,000751.0057,076,000

53,000FIRST JUKEN CO.,LTD.

83,2001,101.00

91,603,200

64,60015,928,300

8.00

127,426,400

900

KATITAS CO.,LTD

711,300

2,490.00

1,771,137,000

88,200TOSEI CORPORATION

440,200

1,795.00

790,159,000

105,300

ANABUKI KOSAN INC.

40,6002,183.00

88,629,800

28,900SUN FRONTIER FUDOUSAN CO.,LTD.

440,900

1,399.00

616,819,100

FJ NEXT HOLDINGS CO.,LTD.

278,500

1,008.00

280,728,000

INTELLEX CO.,LTD.

50,300521.0026,206,300

LAND BUSINESS CO.,LTD.

75,300264.0019,879,200

31,200SUNNEXTA GROUP INC.

60,500976.0059,048,000

48,000

GRANDY HOUSE CORPORATION

173,400

584.00101,265,600

JAPAN AIRPORT TERMINAL CO.,LTD.

936,000

6,344.00

5,937,984,000

MEIHO FACILITY WORKS LTD.

107,800

777.0083,760,600

LIFULL CO.,LTD.

944,300

294.00277,624,200

MIXI,INC.

628,900

2,600.00

1,635,140,000

JAC RECRUITMENT CO.,LTD.

249,500

2,555.00

637,472,500

13,5004,740,000

1,047.00

4,962,780,000

5,800

80,7001,620.00

130,734,000

57,100KEIHANSHIN BUILDING CO.,LTD.
SUMITOMO REALTY & DEVELOPMENT
CO.,LTD.

MIRARTH HOLDINGS,INC.
AVANTIA CO.,LTD.
AEON MALL CO.,LTD.

LAND CO.,LTD.

NIHON M&A CENTER HOLDINGS INC.
MEMBERS CO.,LTD.

98

297,100
161,100

65,60043,00024,700

CHUCO CO.,LTD.

29,700414.0012,295,800

UT GROUP CO.,LTD.

405,600

2,843.00

1,153,120,800

ITMEDIA INC.

104,800

1,297.00

135,925,600

31,000E.J HOLDINGS INC.

161,600

1,565.00

252,904,000

124,300

OPEN UP GROUP INC.

828,100

2,026.00

1,677,730,600

287,000

KOSHIDAKA HOLDINGS CO.,LTD.

827,000

1,158.00

957,666,000

587,500

ARTNER CO.,LTD.

52,3001,842.00

96,336,600

PASONA GROUP INC.

335,100

1,662.00

556,936,200

85,900CDS CO.,LTD.

53,6001,767.00

94,711,200600

LINK AND MOTIVATION INC.

795,300

422.00335,616,600

556,400

1,050,900

2,708.00

2,845,837,200

1,100

SUNNY SIDE UP GROUP INC.

64,100766.0049,100,600

38,200PERSOL HOLDINGS CO.,LTD.

3,046,300

2,610.00

7,950,843,000

2,600

LINICAL CO.,LTD.

121,800

801.0097,561,800

6,300

COOKPAD INC.

755,600

166.00125,429,600

526,500

ESCRIT INC.

87,300422.0036,840,600

61,100IKK HOLDINGS INC.

105,300

592.0062,337,600

79,600GAKUJO CO.,LTD.

125,100

1,896.00

237,189,600

81,500STUDIO ALICE CO.,LTD.

138,200

2,160.00

298,512,000

98,200CMIC HOLDINGS CO.,LTD.

133,100

1,920.00

255,552,000

17,300EPCO CO.,LTD.

45,900725.0033,277,500

21,800NJS CO.,LTD.

60,6002,682.00

162,529,200

42,900SOHGO SECURITY SERVICES CO.,LTD.

5,126,800

810.004,152,708,000

1,458,300

KAKAKU.COM,INC.

2,027,400

2,034.00

4,123,731,600

1,900

I'ROM GROUP CO.,LTD.

99,2001,940.00

192,448,000

70,100SAINT-CARE HOLDING CORPORATION

175,800

759.00133,432,200

130,400

SCINEX CORPORATION

36,400662.0024,096,800

9,100

RENAISSANCE,INCORPORATED

193,400

893.00172,706,200

140,500

DIP CORPORATION

483,400

3,530.00

1,706,402,000

DIGITAL HOLDINGS,INC.

215,400

1,047.00

225,523,800

SHIN NIPPON BIOMEDICALLABORATORIES,LTD.

292,800

2,089.00

611,659,200

CAREER DESIGN CENTER CO.,LTD.

44,7001,646.00

73,576,200

23,700BENEFIT ONE INC.

1,279,700

1,411.50

1,806,296,550

81,300

M3,INC.

5,458,100

3,006.00

16,407,048,600

1,715,600

TSUKADA GLOBAL HOLDINGS INC.

137,700

459.0063,204,300

43,000BRASS CORPORATION

24,100961.0023,160,100

17,100OUTSOURCING INC.

1,645,300

1,339.00

2,203,056,700

133,800

WELLNET CORPORATION

163,800

579.0094,840,200

114,300

WORLD HOLDINGS CO.,LTD.

124,200

2,610.00

324,162,000

DENA CO.,LTD.

1,104,700

1,825.00

2,016,077,500

16,300HAKUHODO DY HOLDINGS INCORPORATED

3,523,100

1,421.00

5,006,325,100

103,500

GURUNAVI,INC.

507,500

349.00177,117,500

15,600

TAKAMIYA CO.,LTD.

374,600

536.00200,785,600

400

SMS CO.,LTD.

99

21,000153,700
207,900

JAPAN BEST RESCUE SYSTEM CO.,LTD.

137,200

718.0098,509,600

4,800

FAN COMMUNICATIONS,INC.

541,100

400.00216,440,000

194,900

LIKE,INC.

102,800

1,669.00

171,573,200

52,400

BUSINESS BREAKTHROUGH,INC.

80,300448.0035,974,400

16,500S-POOL,INC.

793,800

637.00505,650,600

563,700

WDB HOLDINGS CO.,LTD.

141,100

2,044.00

288,408,400

TEAR CORPORATION

126,600

453.0057,349,800

13,500

CDG CO.,LTD.

23,0001,390.00

31,970,000

16,100ADWAYS INC.

379,900

654.00248,454,600

250,700

VALUECOMMERCE CO.,LTD.

207,800

1,317.00

273,672,600

INFOMART CORPORATION

2,867,500

334.00957,745,000

JP-HOLDINGS,INC.

794,300

321.00254,970,300

71,400ECONACH HOLDINGS CO.,LTD.

372,300

96.00

35,740,800

1,500

CL HOLDINGS INC.

76,200809.0061,645,800

53,7001,162,700

588.00683,667,600

AMUSE INC.

149,700

1,779.00

266,316,300

1,400DREAM INCUBATOR INC.

84,1002,761.00

232,200,100

38,700QUICK CO.,LTD.

211,100

2,257.00

476,452,700

TAC CO.,LTD.

104,100

202.0021,028,200

19,8002,714,800

4,600.00

12,488,080,000

1,899,300

TAKE AND GIVE. NEEDS CO.,LTD.

82,3001,180.00

97,114,000

42,500PIA CORPORATION

92,5003,280.00

303,400,000

47,400AEON FANTASY CO.,LTD.

119,200

3,150.00

375,480,000

84,700CTS CO.,LTD.

305,300

737.00225,006,100300

NEXYZ.GROUP CORPORATION

66,300639.0042,365,700

H.U. GROUP HOLDINGS,INC.

808,500

2,699.00

2,182,141,500

ALTECH CORPORATION

240,400

2,787.00

669,994,800

6,400

SANIX INCORPORATED

442,500

337.00149,122,500

134,400NIPPON AIR CONDITIONING SERVICES
CO.,LTD.

296,600

742.00220,077,200

14,618,200

5,569.00

81,408,755,800

7,974,900

DUSKIN CO.,LTD.

614,900

3,202.00

1,968,909,800

8,300

MEIKO NETWORK JAPAN CO.,LTD.

335,300

645.00216,268,500

238,000

FALCO HOLDINGS CO.,LTD.

124,700

1,842.00

229,697,400

SHUEI YOBIKO CO.,LTD.

47,200411.0019,399,200

1,800

TAYA CO.,LTD.

35,900481.0017,267,900

25,300ROUND ONE CORPORATION

2,310,000

592.001,367,520,000

1,612,400

RESORTTRUST,INC.

1,090,500

2,143.00

2,336,941,500

1,100

BML,INC.

340,000

2,771.00

942,140,000

400

RELIA,INC.

456,000

1,462.00

666,672,000

1,255,700

266.00334,016,200

173,100

152,800

1,326.00

202,612,800

108,500

2,840,700

2,367.00

6,723,936,900

327,300

506.00165,613,800

PRESTIGE INTERNATIONAL INC.

DENTSU GROUP INC.

ORIENTAL LAND CO.,LTD.

RISO KYOIKU CO.,LTD.
WASEDA ACADEMY CO.,LTD.
USS CO.,LTD.
TOKYO INDIVIDUALIZED EDUCATIONAL

100

207,700

INSTITUTE,INC.
CYBERAGENT,INC.

6,102,500

1,013.50

6,184,883,750

97,500RAKUTEN GROUP,INC.

16,587,800

528.908,773,287,420

7,175,900

CREEK & RIVER CO.,LTD.

161,800

2,018.00

326,512,400

53,500

SBI GLOBAL ASSET MANAGEMENT CO.,LTD.

450,500

514.00231,557,000

112,300

TOW CO.,LTD.

541,200

308.00166,689,600

69,300

YAMADA CONSULTING GROUP CO.,LTD.

139,900

1,585.00

221,741,500

CENTRAL SPORTS CO.,LTD.

103,700

2,352.00

243,902,400

75,500

FULLCAST HOLDINGS CO.,LTD.

263,700

2,259.00

595,698,300

117,000

EN JAPAN INC.

499,600

2,429.00

1,213,528,400

RESOL HOLDINGS CO.,LTD.

19,6004,780.00

93,688,000

13,700TECHNOPRO HOLDINGS,INC.

1,634,200

3,104.00

5,072,556,800

1,143,300

ARTRA GROUP CORPORATION

48,300179.008,645,700

33,600

INTERWORKS,INC.

55,100334.0018,403,400

IR JAPAN HOLDINGS,LTD.

143,400

1,699.00

243,636,600

88,800KEEPER TECHNICAL LABORATORY CO.,LTD.

170,500

5,430.00

925,815,000

109,000

FIRSTLOGIC,INC.

25,0001,009.00

25,225,000

15,200SANKI SERVICE CORPORATION

32,4001,240.00

40,176,000

22,600GUNOSY INC.

219,200

602.00131,958,400

98,200DESIGNONE JAPAN,INC.

53,300178.009,487,400

6,100

E-GUARDIAN INC.

104,600

2,080.00

217,568,000

38,200LIVESENSE INC.

99,000295.0029,205,000

72,100JAPAN MATERIAL CO.,LTD.

845,300

2,302.00

1,945,880,600

9,300

VECTOR INC.

433,500

1,315.00

570,052,500

74,200UCHIYAMA HOLDINGS CO.,LTD.

91,300356.0032,502,800

2,500

CHARM CARE CORPORATION

230,100

1,285.00

295,678,500

4,700

CAREERLINK CO.,LTD.

101,200

2,875.00

290,950,000

48,900IBJ,INC.

168,800

653.00110,226,400

118,200

ASANTE INCORPORATED

136,500

1,689.00

230,548,500

8,000

VALUE HR CO.,LTD.

241,200

1,306.00

315,007,200

167,600

M&A CAPITAL PARTNERS CO.,LTD.

223,200

3,060.00

682,992,000

155,800

RIDE ON EXPRESS HOLDINGS CO.,LTD.

98,3001,029.00

101,150,700

54,400ERI HOLDINGS CO.,LTD.

55,1001,325.00

73,007,500

ABIST CO.,LTD.

33,6003,325.00

111,720,000

SIGMAXYZ HOLDINGS INC.

418,800

1,300.00

544,440,000

WILL GROUP,INC.

230,600

1,080.00

249,048,000

13,800ESCROW AGENT JAPAN,INC.

226,200

155.0035,061,000

8,100

MEDPEER,INC.

242,600

977.00237,020,200

170,500

RAREJOB,INC.

41,4001,015.00

42,021,000

16,20020,450,300

4,532.00

92,680,759,600

ELAN CORPORATION

365,300

850.00310,505,000

C.E.MANAGEMENT INTEGRATED

90,000336.0030,240,000

RECRUIT HOLDINGS CO.,LTD.

101

26,300Collateral
Securities779,800
Loaned Securities
1,849,700
20,700LABORATORY CO.LTD
JAPAN POST HOLDINGS CO.,LTD.

33,236,900

1,043.00

34,666,086,700

BELLSYSTEM24 HOLDINGS,INC.

370,300

1,355.00

501,756,500

9,700

KAMAKURA SHINSHO,LTD.

313,700

706.00221,472,200

219,400

SMN CORPORATION

51,600449.0023,168,400

12,300ICHIKURA CO.,LTD.

27,200601.0016,347,200

15,200

GLOBAL KIDS COMPANY CORP.

39,800692.0027,541,600

28,700AIRTRIP CORP.

200,900

2,688.00

540,019,200

142,600

ATRAE,INC.

162,900

754.00122,826,600

55,700STRIKE COMPANY,LIMITED

116,700

3,275.00

382,192,500

11,900SOLASTO CORPORATION

760,900

668.00508,281,200

SERAKU CO.,LTD.

84,3001,580.00

133,194,000

15,100INSOURCE CO.,LTD.

599,600

1,130.00

677,548,000

425,000

2,186,300

5,225.00

11,423,417,500

21,300

ORCHESTRA HOLDINGS INC.

59,2001,174.00

69,500,800

33,900I-MOBILE CO.,LTD.

122,900

1,300.00

159,770,000

1,500

CAREERINDEX INC.

73,800309.0022,804,200

31,500MATCHING SERVICE JAPAN CO.,LTD.

70,3001,117.00

78,525,100

35,200

SEMBA CORPORATION

36,400747.0027,190,800

2,500JAPAN ELEVATOR SERVICE HOLDINGS
CO.,LTD.

984,500

1,839.00

1,810,495,500

FULLTECH CO.LTD.

30,2001,121.00

33,854,200

2,300

GREENS CO.,LTD.

72,5001,322.00

95,845,000

44,200TSUNAGU GROUP HOLDINGS INC.

60,300621.0037,446,300

37,500GAMEWITH,INC.

64,500349.0022,510,500

21,400

MS&CONSULTING CO.,LTD.

25,500655.0016,702,500

10,600WELBE,INC.

202,500

457.0092,542,500

143,200

LTS,INC.

35,6003,655.00

130,118,000

21,200MIDAC HOLDINGS CO.,LTD.

167,400

1,732.00

289,936,800

116,900

NISSO CORPORATION

207,100

883.00182,869,300

147,200

QB NET HOLDINGS CO.,LTD.

131,000

1,522.00

199,382,000

RPA HOLDINGS,INC.

374,100

402.00150,388,200

126,700

SPRIX INC.

62,000800.0049,600,000

4,200

MANAGEMENT SOLUTIONS CO.,LTD.

152,000

3,875.00

589,000,000

92,000

PRORED PARTNERS CO.,LTD.

67,500516.0034,830,000

18,800AND FACTORY,INC

63,400438.0027,769,200

35,000TENO.HOLDINGS COMPANY LIMITED

26,400682.0018,004,800

18,400FRONTIER MANAGEMENT INC.

92,3001,368.00

126,266,400

30,900PIALA INC.

35,000487.0017,045,000

24,900

COPRO-HOLDINGS.CO.,LTD.

35,2002,012.00

70,822,400

24,600GEECHS INC.

29,000744.0021,576,000

21,000AMVIS HOLDINGS,INC.

295,200

2,980.00

879,696,000

18,600CURVES HOLDINGS CO.,LTD.

754,500

752.00567,384,000

138,800

FORUM ENGINEERING INC.

161,000

1,163.00

187,243,000

BAYCURRENT CONSULTING,INC.

102

FAST FITNESS JAPAN INCORPORATED

94,0001,301.00

122,294,000

2,900

DIRECT MARKETING MIX INC.

331,000

867.00286,977,000

1,000

POPPINS CORPORATION

40,9001,458.00

59,632,200

28,600LITALICO INC.

214,900

2,234.00

480,086,600

ADVANTAGE RISK MANAGEMENT CO.,LTD.

97,300607.0059,061,100

4,000

RELO GROUP,INC.

1,537,600

1,928.00

2,964,492,800

83,900TOSHO CO.,LTD.

192,500

1,294.00

249,095,000

118,900

INTEGRATED DESIGN & ENGINEERINGHOLDINGS CO.,LTD.

166,600

3,125.00

520,625,000

BEWITH,INC.

69,8002,286.00

159,562,800

1,900

TRE HOLDINGS CORPORATION

581,500

1,223.00

711,174,500

8,100

PEOPLE, DREAMS & TECHNOLOGIESGROUP CO.,LTD.

104,100

1,632.00

169,891,200

DAIEI KANKYO CO.,LTD.

702,600

2,409.00

1,692,563,400

NIPPON KANZAI HOLDINGS CO.,LTD.

289,700

2,580.00

747,426,000

H.I.S.CO.,LTD.

722,200

1,997.00

1,442,233,400

432,200

LUCKLAND CO.,LTD.

114,900

3,035.00

348,721,500

60,400KYORITSU MAINTENANCE CO.,LTD.

472,900

5,447.00

2,575,886,300

335,600

ICHINEN HOLDINGS CO.,LTD.

292,600

1,339.00

391,791,400

CTI ENGINEERING CO.,LTD.

142,300

3,395.00

483,108,500

SPACE CO.,LTD.

200,500

1,035.00

207,517,500

SAN HOLDINGS,INC.

117,600

2,134.00

250,958,400

SUBARU ENTERPRISE CO.,LTD.

13,1009,920.00

129,952,000TOKYO THEATRESCOMPANY,INCORPORATED

78,9001,125.00

88,762,500

TANABE CONSULTING GROUP CO.,LTD.

83,1001,013.00

84,180,300

26,600

NAGAWA CO.,LTD

74,0006,730.00

498,020,000

52,500TOKYOTOKEIBA CO.,LTD.

231,200

3,840.00

887,808,000

161,700

JOBAN KOSAN CO.,LTD.

74,3001,236.00

91,834,800

51,700KANAMOTO CO.,LTD.

506,100

2,307.00

1,167,572,700

6,800

NISHIO HOLDINGS CO.,LTD.

256,800

3,390.00

870,552,000

1,188,800

25.00

29,720,000

577,800

TRANSCOSMOS INC.

343,200

3,365.00

1,154,868,000

189,300

NOMURA CO.,LTD.

1,204,800

949.001,143,355,200

FUJITA KANKO INC.

122,700

3,305.00

405,523,500

52,400KNT-CT HOLDINGS CO.,LTD.

164,800

1,426.00

235,004,800

55,400TOKAI CORP.

244,500

1,882.00

460,149,000

HAKUYOSHA COMPANY,LTD.

27,4002,850.00

78,090,000

19,3002,813,200

9,469.00

26,638,190,800

2,600

CENTRAL SECURITY PATROLS CO.,LTD.

148,900

2,878.00

428,534,200

90,200TANSEISHA CO.,LTD.

535,300

780.00417,534,000

6,200

1,077,700

2,413.50

2,601,028,950

OYO CORPORATION

257,900

2,129.00

549,069,100

1,600

FUNAI SOKEN HOLDINGS INCORPORATED

574,800

2,457.00

1,412,283,600

401,300

SHINGAKUKAI HOLDINGS CO.,LTD.

70,400292.0020,556,800

53,600

AGORA HOSPITALITY GROUP CO.,LTD.

SECOM CO.,LTD.

MEITEC CORPORATION

103

600

1,000

200

1,600
800

OHBA CO.,LTD.

133,500

761.00101,593,500

90,300IDEA CONSULTANTS,INC.

47,5001,695.00

80,512,500500

GAKKYUSHA CO.,LTD.

110,200

2,055.00

226,461,000

1,300

BENESSE HOLDINGS,INC.

1,031,000

1,820.00

1,876,420,000

59,800AEON DELIGHT CO.,LTD.

305,500

2,998.00

915,889,000

NAC CO.,LTD.

122,100

955.00116,605,500

67,300DAISEKI CO.,LTD.

563,700

4,085.00

2,302,714,500

100

STEP CO.,LTD.

100,500

1,755.00

176,377,500

900

Total

4,012,584,800

8,658,471,277,710(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.)”.

104

Interim financial statements(1) The Interim Financial Statements of the Fund are prepared in accordance with theOrdinance 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 Article57-2 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 andExchange Act, the Fund’s Interim Financial Statements for the interim calculation period underreview (from July 9, 2023 to January 8, 2024) have been audited by PricewaterhouseCoopers
Japan LLC.

105

2. Current Status of the FundThe following is the current status of the Fund as of January 31, 2024.
Listed Index Fund TOPIX
Statement of calculation of net assets
I Total assets

10,728,096,277,990 yen

II Total liabilities

678,127,800,841 yen

III Net assets (I-II)

10,049,968,477,149 yen

IV Number of outstanding units

3,810,117,805 units

V Net assets per unit (III / IV)

2,637.71 yen

106

IV.

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 registeredbeneficiary certificates, or vice versa.
(2) Special Privileges to Unitholders
N/A(3) Restrictions on Transfersi)There are no restrictions on transfers.

ii)

Transfer of Units When transferring the Units he or she owns, a unitholder must submit a request fortransfer 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 theunitholder making the transfer and an increase in the number of Units held by thetransferee in the book-entry transfer account book that it maintains. However, in theevent that the Book-Entry Transfer Institution, Etc. is not the institution that createdthe account to which the transfer is made, the Book-Entry Transfer Institution, Etc. shallinform the different book-entry transfer institution, etc. that opened the account of thetransferee to which the transfer is made (and its upper-positioned institutions) to add anentry or record of the increase in the number of Units in the account of the transferee towhich 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 BookEntry Transfer Institution, Etc. that maintains the book-entry transfer account book inwhich the Units the unitholder intends to transfer is listed or recorded is different fromthe book-entry transfer institution, etc. that opened the account of the transferee towhich 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 theManagement Company issues such certificates for unavoidable reasons.
(5) Subdivision the Units
The Management Company may equally subdivide the Units outstanding as of a certain dateupon consultation with the Trustee Company pursuant to the provisions of the Act on BookEntry Transfer of Company Bonds, Shares, etc.

107(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 theUnits listed or recorded in the pledge column of the book-entry transfer account book of the BookEntry 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.

108

PART III. Information on the Management Company, Etc.
Please contact “ETFBusinessDevelop@nikkoam.com” for the consolidated financial statement.

109

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 requirementsfor 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 tooperate 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 theTrust 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 insecurities, 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 ofacceptance 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 theTrustor, 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 thestatement of operation procedures of the Financial Instruments Clearing Institution (theFinancial 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 anaddition to the trust fund is the Clearing Institution.
2. In connection with the beneficiaries referred to in the preceding paragraph, the Trustee shallregister its name or corporate name, address and any other matters specified by it in theregister 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 on the
Use of Numbers to Identify a Specific Individual in Administrative Procedures; hereinafter the110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 theclosing 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 underParagraph 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 “BookEntry 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 theaddition 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 theaddition 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), adifference 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 amountcalculated by dividing the total amount of assets of the trust assets obtained throughassessment 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 thisTrust 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 thebeneficial 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; hereinafterreferred to as the “Book-Entry Transfer Institution”) and any account management institution
subordinate to such Book-Entry Transfer Institution (“account management institution” asdefined 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 behereinafter referred to as the “Book-Entry Transfer Beneficial Interests”).
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 withthe beneficial interests in this Trust by the Minister in charge is cancelled by the provisions of

111

3.

4.

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 theTrustor issues beneficiary certificates due to unavoidable circumstances.
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.
The Trustor may apply for entry or record of the beneficial interests in this Trust in thetransfer acceptance book for and on behalf of the beneficiaries and shall, in principle, apply forentry or record of all of the beneficial interests in this Trust as of December 28, 2007 (suchbeneficial 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 behalfof the beneficiaries. However, as regards the beneficiary certificates that have not been enteredor recorded in the participant account book and the beneficial interests related to thebeneficiary certificates not held in a custody account in the central securities custody and bookentry transfer system, the Trustor shall make such application after it confirms such
beneficiary certificates during the trust term. The beneficiary certificates relating to thebeneficial 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 inthis Trust in the transfer acceptance book for and on behalf of the beneficiaries, delegate theprocedure of such application to a Type 1 financial instruments business operator designatedby 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 andExchange 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 withsuch addition to the trust fund (including the amount equal to the value of the equities of theissuing company, etc. set forth in Paragraph 1 of Article 13). However, as provided by thestatement 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 theTrustee 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; 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 amountequal to the value of the equities of the Issuing Company, Etc. to be included in such
subscription.

112

2.

3.

4.

5.

6.

The Type 1 financial instruments business operator designated by the Trustor may deal forthe applicant with the subscription for the beneficial interests divided pursuant to theprovision 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 toall of such numbers of respective constituent shares of TOPIX as specified by the Trustor; thesame shall apply hereinafter) on the subscription date).
The applicant referred to in the preceding paragraph shall indicate an account of the BookEntry Transfer Institution, Etc. used for the transfer of beneficial interests for the Trustestablished for the applicant to the Type 1 financial instruments business operator designatedby the Trustor at the time of or prior to the subscription in which the increase in the numberof 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 unitsof 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 inthis section). As provided by the business methods of the Clearing Institution set forth in theproviso 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 theacceptance of subscription and the Clearing Institution assumes this obligation, the increasein 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 ofunits 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).
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 rightdate (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 theconstituent shares of the TOPIX or a change in the number of shares due to an increaseor decrease in capital, etc.;3) During the two (2) business days from the day which is two (2) business days prior to thelast day of each calculation period set forth in Article 34 hereof (if the last day of thecalculation 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 theTrust if it is to be terminated; or5) 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.
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 perunit 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.
The applicant shall satisfy an amount of the difference, if any, resulting from the total of theaggregate value of the equities of the subscription set out in Paragraph 1 and the cash set out

113

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 theconsumption 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 thenumber of units subscribed by it at the time of the acceptance thereof (including any such caseas 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 shallapply in the next paragraph).
9. Should any damage occur to the trust assets, etc. in the absence of such notice as set out in thepreceding 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 beentitled to suspend the acceptance of subscriptions of beneficial interests or cancel thesubscriptions thereof already made when there are unavoidable circumstances such as asuspension 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 theprovisions of this Article) on a financial instruments exchange, which shall be listed on themarket 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 andregulations 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 oftransfer 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., shalldescribe or record the decrease of the beneficial interests held by the beneficiary as well as theincrease of the beneficial interests held by the transferee in the book-entry transfer accountbook managed by the Book-Entry Transfer Institution, Etc. Provided, however, that if thetransferee account is not established by the Book-Entry Transfer Institution, Etc., it shallnotify 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 betransferred are listed or recorded differ from the Book-Entry Transfer Institution, Etc. whichhave established the transferee account.
Article 16(Requirements for Perfection of Transfer of Beneficial Interests)
The transfer of beneficial interests may not be asserted against the Trustor or Trustee unlesslisted or recorded in the book-entry transfer account book under the provisions of thepreceding Article.

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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 ofbeneficial interests notified by the Book-Entry Transfer Institution pursuant to the BookEntry Transfer Act, any relevant laws, regulations and rules as of the last day of thecalculation period by entering its name or corporate name, address and any other mattersspecified 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 ofbeneficiaries 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 otherparty as it may deem eligible to delegate the preparation of the register to such company orparty.
2. Any beneficiary holding bearer certificates may request its name to be entered in the registerreferred 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 hasdelegated 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 aperiod 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 fora 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 ofadditional 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 theBook-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 asprovided 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.

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.

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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) andfinancial instruments (including the rights deemed as securities provided for in each of theitems of Article 2, Paragraph 2 of the Financial Instruments and Exchange Act) other thanequities 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 definedin 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 performancetracking TOPIX.
2) In each of the following events, the Trustor may give instructions to adjust thecomposition 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 beenrevised 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; ord. If the Trustor otherwise deems necessary to maintain close tracking to TOPIX.
3) To realize the same gains and losses similar to holding the underlying assets, the Fundmay execute securities index futures trading, etc. set forth in Article 26 hereof according
to the funds movement for the purpose of achieving a closer tracking to TOPIX,.
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, theindividual category’s exposure to a certain interest counterparty, the kind of acounterparty prescribed in the rule, shall not exceed 10% of the total net asset value ofthe 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.

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.)
To realize the same gains and losses similar to holding the underlying assets, and to avoid
price fluctuation risk, 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.

116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 theequities 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 ofsuch 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 ofequities 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 (asdefined 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 isno 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 isdeemed 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 internalmanagement.
2. The Trustee shall, in selecting a person to whom such trust business is delegated provided forin the preceding paragraph, confirm that the person meets the requirements set forth in eachof the items of the preceding paragraph.
3. Notwithstanding Paragraph 2 above, the Trustee may delegate the business set forth in eachof the following items (to the extent that it requires no discretion) to a person (including aninterested 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 notchange 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 theTrustor; 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 orrecorded. However, registration or recording of trust assets may be suspended if thesuspension is approved by the Trustee.
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 madeimmediately.
3. The trust assets that can be listed or recorded as being attributable to the trust assets shallbe listed or recorded as being attributable to the trust assets and shall be classified andmanaged 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.

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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 theprovisions of the preceding Article, any distributions on settlement of equities, dividends onequities 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 theTrustor’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 requestof 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 otheraccounts 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 andtransfer these accounts to the trust assets.
3. Matters concerning settlement of, and interest on, the advance payments made under thepreceding two paragraphs shall be determined separately on a case-by-case basis throughconsultations 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 thefollowing 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 areport 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 thefinancial 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. onsuch royalties) shall be borne by the beneficiaries and paid out of the trust assets.

Article 37 (Amount of Trust Fees)
1. The aggregate amount of the trust fees for the Trustor and the Trustee shall be amountobtained by multiplying the Total Net Asset Value of the trust assets by 6.8/10,000 per annum
or less for each day throughout the calculation period set out in Article 34.
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 allotmentof 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 37-2 (Amount of Other Fees)
1. The Trustor and the Trustee shall receive fees calculated as follows.
1) When the instruction of the lending of securities set out in Article 27 is given, an amountof 50/100 or less of the lending commission.

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2.
3.

The fees provided for in the preceding paragraph shall be paid out of the trust assets at theend of each calculation period or at the time of termination of the Trust, and the allotment ofsuch fees between the Trustor and the Trustee shall be determined separately.
An amount equal to Consumption Tax, Etc. on the fees set out in Paragraph 1 shall be paidout of the trust assets at the time of paying such 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 lessinterest payable; the same shall apply hereinafter) plus reserve for distributions carried overfrom the preceding period, the remaining amount after deducting the Expenses, trust fees andConsumption 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 toadjust 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 inreserve for distributions may not be deducted in full, the amount not deducted shall be carriedover 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 eachcalculation 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 andgains 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 andlosses 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 dayon 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 thebook-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 otherdamages.
2. The payment of the income distributions as set forth in the preceding paragraph shall be madeby 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 thedeposit account, etc. designated in advance by the Beneficiaries Whose Names Have Been
Registered. In addition, when the Beneficiaries Whose Names Have Been Registered haveentered 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 accordancewith 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 theprovisions of Paragraph 1 of Article 21 hereof.
Article 40(Prescription Period for Payment of Income Distributions and for Exchange of Equities orPayment 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 commencementof payment thereof specified in Paragraph 2 of the preceding Article or to claim the exchangeof equities or the payment of the proceeds from repurchase of equities upon termination of119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 forthe 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 paragraphshall be the number of units specified by the Trustor as the value obtained by multiplying therelevant 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 rightdate (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 theconstituent shares of the TOPIX or a change in the number of shares due to an increaseor decrease in capital, etc.;3) During the two (2) business days from the day which is two (2) business days prior to thelast day of each calculation period set forth in Article 34 hereof (if the last day of thecalculation 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 theTrust if it is to be terminated; and5) 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, thebeneficiary shall make such request with its Book-Entry Transfer Beneficial Interests to theType 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 accountwith the Book-Entry Transfer Institution, Etc.; the same shall apply hereinafter) to thebeneficiary 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 inaccordance 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, theClearing Institution shall conduct the procedures for the cancellation of Book-Entry Transfer
Beneficial Interests. The Book-Entry Transfer Institution shall make a cancellation of thesame number of Book-Entry Transfer Beneficial Interests as the beneficial interests required
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 enteredor recorded in the account with the Book-Entry Transfer Institution, Etc. pursuant to theprovisions of the Book-Entry Transfer Act after the procedures for such cancellation and therequest for the transfer of the exchanged equites prescribed in Article 43, Paragraph 3 were
executed.

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6.

7.
8.

9.
10.

11.

12.

13.

The Trustee shall, in accordance with the Exchange instruction by the Trustor set out inParagraph 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 accountbook and confirmation of the cancellation set out in Paragraph 8.
Upon acceptance of the Exchange request referred to in Paragraph 1 above, the Trustor shallgive instructions to exchange the relevant beneficial interests for any of the equities in thetrust assets in accordance with Article 43.
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 theBook-Entry Transfer Beneficial Interests related to the beneficial interests have beencancelled on the date of the transfer to the exchanged equities.
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.
The number of equities of individual issues which the beneficiary is entitled to acquire throughthe Exchange shall be the number in an integral multiple of unit shares determined by therelevant financial instruments exchange, calculated on the basis of the Net Asset Value per
Unit on the Exchange request date.
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 numberof beneficial interests in an amount equal to the aggregate value of the equities of the IssuingCompany, 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.
The Trustor shall be entitled to suspend the acceptance of Exchange requests made underParagraph 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 thesettlement function on the relevant financial instruments exchange.
In the event of the acceptance of Exchange requests being suspended as set out in thepreceding 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 thepreceding 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 shallcalculate 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 numberof 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 thepreceding paragraph for those equities of unit shares in the trust assets; provided that if thebeneficiary 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
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 accordancewith 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

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5.

who accepted the exchange, applies to the Clearing Institution for assuming obligation ofdelivery 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 theexchanged equities belonging to the Trust Asset in accordance with the instruction of theTrustor and the methods prescribed by the Book-Entry Transfer Institution, notwithstanding
the procedures set forth in Paragraph 5 of the preceding article. When delivering theexchanged 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 recordedin the account with the Book-entry Transfer Institution from the third business day after andincluding the day on which a request for the exchange under Paragraph 1 of the preceding
Article is made.
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 IssuingCompany, Etc. of the constituent shares of the TOPIX; the same shall apply to the following
paragraph).
Should any damage occur to the trust assets, etc. in the absence of such notice as set out in thepreceding 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, adifference 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 amountof 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 thecommitment 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 amountequivalent to its own established fees and Consumption Tax, Etc. thereon.
4. The Type 1 financial instruments business operator designated by the Trustor shall be entitledto suspend the purchase of beneficial interests under Paragraph 1 or cancel the committed
purchases of beneficial interests upon consultation with the Trustor when there areunavoidable 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 aspurchase is suspended. In the event of such request for purchase not being withdrawn by thebeneficiaries, the purchase price of such beneficial interests shall be calculated deeming thefirst calculation day of the Net Asset Value per Unit after the lifting of such suspension as thecommitment date of purchase pursuant to the provision set forth in the second paragraphabove and also the provision set forth in the third paragraph above shall apply thereto mutatis
mutandis.
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 thetrust 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.

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2.
3.

4.

5.

6.

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 establishedfees and Consumption Tax, Etc. thereon.
The Exchange of equities set out in Paragraph 1 shall be executed, with regard to the BookEntry 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 dayof the day when it has been confirmed that the beneficial interests to be exchanged have been
provided to the Trustee.
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 shallconfirm 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.
Notwithstanding the provisions of Paragraphs 1 through 3, out of the beneficial interests heldby the Trustee, the Book-Entry Transfer Beneficial Interests or the beneficial interests lessthan 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 theTrustor at the redemption price on or after the termination date of the Trust.
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 deliveryof 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 inaccordance 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 theTrust upon agreement with the Trustee. In such a case, the Trustor shall previously notify thesupervisory 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 abolished4) If any amendment to the Trust Deed deemed necessary by the Trustor or the Trustee asa result of a change in the calculation method, etc. of TOPIX is not made in accordancewith 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 toits 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.
4. Such public notice and written instrument as set out in the preceding paragraph shall statethat 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

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no such public notice shall be given in principle if the said written instrument is delivered to
all the beneficiaries.
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 thestatus of the trust assets, there are truly unavoidable circumstances and if it is difficult to givethe 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 theTrustor is liquidated or discontinues its business, the Trustor shall cancel the Trust Deed andterminate 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 4of 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 businessunder 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 theoccurrence 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 andterminate 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, theTrustor shall previously notify the supervisory authorities of its intention to makeamendments 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 thematters 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.
3. Such public notice and written instrument as set out in the preceding paragraph shall statethat 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 theTrust 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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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 repurchasetheir 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.

125Supplementary Provision
Article 1

Article 2

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.
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 asof the date written below.

December 20, 2001

Trustor:Trustee:

7-1, Akasaka 9-chome, Minato-ku, Tokyo
Nikko Asset Management Co., Ltd.
4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo
Mitsubishi UFJ Trust and Banking
Corporation

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