Nomura Securities' Wealth Style screened and ranked TOPIX500 stocks with strong first-quarter ordinary profit progress and a forecast dividend yield of at least 3%, in descending order of market capitalization.
Using quarterly profit progress as an indicator, the ranking screens companies in the TOPIX500 universe that have March year-end accounts, strong first-quarter ordinary profit progress and a forecast dividend yield of at least 3%, and ranks them in descending order of market capitalization. Screening criteria include first-quarter progress of at least 30%, an improvement of at least 10 percentage points from the same quarter of the previous year, full-year ordinary profit forecasts remaining profitable, and a dividend yield of at least 3%.
A broad range of industries, including chemicals, nonferrous metals and construction, are represented in the ranking, which introduces the first-quarter results of companies with the largest market capitalizations. The top ranks include Nippon Yusen, Sumitomo Metal Mining, Shimizu Corporation, Hitachi Construction Machinery and Tosoh, with commentary on each company's first-quarter profit progress and full-year outlook.
In addition to first-quarter earnings progress, attention is also being paid to the valuation of assets held and share-price levels. Infroneer Holdings, for example, has first-quarter progress well above 100%, while the article states that the result was affected by the valuation of financial assets.
The article is based on information available as of 19 October 2026 and reports the results of ranking TOPIX500 constituents that meet the criteria in descending order of market capitalization.