To Our Shareholders

Major stockholders (10 largest)

(As of March 31, 2018)

    Number of Share
(Thousand)
Percent
1. Japan Trustee Services Bank,Ltd.(Trust Account) 1,746 5.15
2. Nippon Life Insurance Company 1,026 3.02
3. Meiji Yasuda Life Insurance Company 1,015 2.99
4. Tohoku Electric Power Co., Inc. 837 2.47
5. Employee's stockholdings 827 2.44
6. The Master Trust Bank of Japan ,Ltd.(Trust Account) 764 2.25
7. Japan Trustee Services Bank,Ltd.(Trust Account9) 736 2.17
8. Daido Life Insurance Company 705 2.08
9. Sompo Japan Nipponkoa Insurance Inc. 688 2.03
10. DFA INTL SMALL CAP VALUE PORTFOLIO
(Standing proxy: Citibank N.A.,Tokyo Branch)
660 1.94
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