Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  JAFCO Co., Ltd.    8595   JP3389900006

JAFCO CO., LTD.

(8595)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

JAFCO : Financial Results for the Nine Months Ended December 31, 2019(PDF:490KB)

share with twitter share with LinkedIn share with facebook
01/23/2020 | 10:10pm EDT

JAFCO Co., Ltd.

The original disclosure in Japanese was released on January 24, 2020 at 12:00 (GMT+9).

This is a summary translation of a press release made in Japanese for convenience only.

JAFCO Co., Ltd. (Ticker: 8595)

Contact: Investor Relations

1-23-1 Toranomon, Minato-ku,

Tel: +81-50-3734-2025

Tokyo 105-6324 Japan

ir@jafco.co.jp

http://www.jafco.co.jp/english/

January 24, 2020

Financial Results for the Nine Months Ended December 31, 2019

[Japanese GAAP]

(Summary of Japanese announcement)

(Japanese yen figures less than one million yen are rounded down)

1. Consolidated Performance for the Nine Months Ended December 31, 2019 (April 1, 2019 - December 31, 2019)

  1. Consolidated Operating Results

(figures with % indicate the rate of change from the same period of the previous fiscal year)

Net sales

Operating income

Ordinary income

Profit attributable to

[¥ million]

[%]

[¥ million] [%]

[¥ million]

[%]

JAFCO Co., Ltd.

stockholders

[¥ million]

[%]

For

the

nine

months

27,937

27.1

16,369

62.5

18,385

64.0

13,453

54.0

ended December 31, 2019

For

the

nine

months

21,987

(5.7)

10,073

(9.2)

11,208

(10.3)

8,737

(59.8)

ended December 31, 2018

Note:

Comprehensive income

Nine months ended December 31, 2019:

¥33,089 million [-%]

Nine months ended December 31, 2018:

(¥1,733 million) [-%]

Profit per share

Fully diluted net

income per share

[¥]

[¥]

For

the

nine

months

434.97

-

ended December 31, 2019

For

the

nine

months

282.49

-

ended December 31, 2018

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets

[¥ million]

[¥ million]

[%]

per share [¥]

As of December 31, 2019

227,803

192,839

84.7

6,234.60

As of March 31, 2019

184,213

163,215

88.6

5,276.80

(Reference) Shareholders' equity

As of December 31, 2019:

¥192,839 million

As of March 31, 2019:

¥163,215 million

1

JAFCO Co., Ltd.

2. Dividends

Dividend per share [¥]

(Record date)

End of 1Q

End of 2Q

End of 3Q

End of

Total

the year

For the year ended

-

-

-

112.00

112.00

March 31, 2019

For the year ending

-

-

-

March 31, 2020

For the year ending

-

-

March 31, 2020 (Forecast)

Notes: The forecast of dividend amount is unfixed.

3. Business Forecasts for the Year ending March 31, 2020 (April 1, 2019 - March 31, 2020)

Volatility in stock markets and the IPO environment in Japan and overseas causes performance to fluctuate, as a result of which it is difficult to make meaningful forecasts in earnings. Therefore, instead of announcing projections, JAFCO makes timely disclosure of quarterly financial results.

*Other Information

  1. Changes in significant subsidiaries during this period: None
  2. Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: None
  3. Changes in accounting principles, accounting estimates and correction of prior period errors
    • Changes in accounting principles due to revisions to accounting standards: None
      Changes in accounting principles other than : None
      Changes in accounting estimates: None
      Correction of prior period errors: None
  1. Number of issued shares (common stock)
    • Number of issued shares (including treasury stock)

As of December 31, 2019: 32,550,000

As of March 31, 2019: 32,550,000

  • Number of treasury stock

As of December 31, 2019: 1,619,494

As of March 31, 2019: 1,619,264

  • Average number of shares

Nine months ended December 31, 2019:

30,930,637

Nine months ended December 31, 2018:

30,930,876

*These financial results are not subject to audit procedures.

*Cautionary statements with respect to forward-looking statements and other notes

(Access to the financial supplement materials)

The presentation material for the nine months ended December 31, 2019 will be released on JAFCO's website on January 24, 2020.

*Note to XBRL

Please note that the names of the English accounts contained in XBRL data, which are available through EDINET and TDNet, may be different from those of the English accounts in our financial statements.

2

JAFCO Co., Ltd.

1. Outline of Operating Results

(1) Outline of Operating Results

In the consolidated fiscal nine months ended December 31, 2019, the JAFCO Group posted net sales of ¥27,937 million (up 27.1% from ¥21,987 million recorded in the same period a year ago), operating income of ¥16,369 million (up 62.5% from ¥10,073 million recorded in the same period a year ago), ordinary income of ¥18,385 million (up 64.0% from ¥11,208 million a year ago), and profit attributable to JAFCO Co., Ltd. stockholders of ¥13,453 million (up 54.0% from ¥8,737 million recorded in the same period a year ago).

During the three-month period ended December 31, 2019, capital gains and success fees increased due to large exits by Asian and domestic unlisted portfolio companies. Fund management fees also rose in line with an increase in capital commitments from external investors to JAFCO SV6 Fund Series established in June 2019.

Because JAFCO's earnings may fluctuate sharply for each three-month period due to the nature of its business, we provide annualized comparison as well as year-on-year comparison for the period under review.

(Outline of Capital Gains)

During the three-month period ended December 31, 2019, capital gains and success fees increased due to large exits by Asian and domestic unlisted portfolio companies.

(Millions of Yen)

For the year ended

For the nine

For the nine months

Annualized

months ended

ended

comparison

March 31, 2019

December 31,

December 31, 2019

[(B)/3×4]/(A)

(A)

2018

(B)

(%)

Revenues from operational

23,291

20,033

22,680

129.8

investment securities (1)

Proceeds from sale of securities

23,177

19,957

22,567

129.8

Dividend and interest income

113

75

112

132.5

Cost of operational investment securities

9,274

8,600

7,166

103.0

(2)

Cost of securities sold

9,274

8,600

7,166

103.0

Impairment

-

-

-

-

Capital gains (1) - (2)

14,016

11,432

15,513

147.6

Multiple (1) / (2)

2.51

2.33

3.16

Capital gains on listed shares

5,264

5,209

2,334

59.1

Capital gains on unlisted shares

8,751

6,223

13,179

200.8

Gains on sale

11,069

8,478

16,643

200.5

Losses on sale

2,317

2,255

3,463

199.2

3

JAFCO Co., Ltd.

(Outline of Investment Loss Reserves)

The reserve ratio to unlisted operational investment securities declined in the consolidated nine months ended December 31, 2019 due mainly to the progress in new investment and the sale of portfolio holdings which had been marked down substantially.

Additions to general reserves have not been made since January 2017 because more accurate valuation of individual companies became possible as a result of the highly selective, intensive investment strategy and deeper involvement in the management of portfolio companies.

(Millions of Yen)

For the year ended

For the nine months

For the nine months

Annualized

ended

comparison

March 31, 2019

ended

December 31, 2019

[(B)/3×4]/(A)

(A)

December 31, 2018

(B)

(%)

Additions to investment loss

1,687

1,766

1,816

143.6

reserves (1)

Company-by-company

2,541

2,103

2,114

111.0

reserves

(Reversal of) General

(854)

(337)

(298)

-

reserves

Reversal of investment loss

2,399

2,201

3,421

190.1

reserves (2)

Net additions = (1)-(2)

(712)

(435)

(1,604)

-

(minus figures are reversals)

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Balance of investment loss reserves

9,501

7,892

Company-by-company reserves

8,651

7,340

General reserves

850

552

Ratio to all unlisted operational investment securities

18.4%

14.3%

4

JAFCO Co., Ltd.

(Outline of Balance of Operational Investment Securities)

The balance of operational investment securities rose because of portfolio IPOs and steady investment focusing on start-up companies.

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Difference between acquisition cost and market value of

6,153

9,047

listed operational investment securities

Securities whose market value

6,394

9,261

exceeds acquisition cost

Securities whose market value

(240)

(214)

falls below acquisition cost

(Millions of Yen)

For the year

For the nine months

For the nine months

ended

ended

ended

March 31, 2019

December 31, 2018

December 31, 2019

(Reversal of) Unrealized losses on

24

14

(26)

operational investment securities

Balance of Operational Investment Securities

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Acquisition cost

Figures on the

Figures on the

Acquisition cost

quarterly

consolidated B/S

consolidated B/S

Listed

1,590

7,744

1,826

10,874

Unlisted

49,067

49,803

53,110

53,654

Subtotal

50,657

57,547

54,936

64,529

Investments in

1,632

1,719

1,334

1,391

other funds

Total

52,289

59,267

56,271

65,920

Note: 1. "Investments in other funds" is investment in funds managed by third parties.

2. The differences in "Acquisition cost" and "Figures on the consolidated balance sheets" for "Unlisted" securities and "Investments in other funds" only reflect foreign exchange translation difference.

5

JAFCO Co., Ltd.

(Outline of Fund Operations)

Fund management fees increased due to an increase in capital commitments from external investors to JAFCO SV6 Fund Series established in June 2019. Higher success fees were attributed to the realization of success fees form JAFCO SV4 Fund Series and JAFCO Asia Technology Fund VI L.P.

(Millions of Yen)

For the year

For the nine months

For the nine months

Annualized

comparison

ended

ended

ended

[(B)/3×4]/(A)

March 31, 2019

December 31, 2018

December 31, 2019

(%)

(A)

(B)

Income from partnership

2,586

1,954

5,255

271.0

management

Fund management

1,750

1,311

1,817

138.4

fees

Success fees

836

643

3,438

548.4

Note:

Fund management fees and success fees are based on commitment amount excluding the JAFCO Group's commitment.

(2) Outline of Financial Condition

(Outline of Assets, Liabilities, and Net Assets)

Total assets, total liabilities and net assets increased mainly due to an increase in operational investment securities and a rise in the market value of investment securities.

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Total assets

184,213

227,803

Current assets

115,636

132,508

Non-current assets

68,577

95,295

Total liabilities

20,998

34,964

Current liabilities

2,475

7,687

Non-current liabilities

18,523

27,277

Net assets

163,215

192,839

.

(3) Qualitative Analysis of Consolidated Business Forecasts

Volatility in stock markets and the IPO environment in Japan and overseas causes performance to fluctuate, as a result of which it is difficult to make meaningful forecasts in earnings. Therefore, instead of announcing projections, JAFCO makes timely disclosure of quarterly financial results.

6

JAFCO Co., Ltd.

2. Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2019

As of December 31, 2019

Assets

Current assets

Cash and deposits

*(i) 61,378

*(i) 69,271

Operational investment securities

59,267

65,920

Investment loss reserves

9,501)

7,892)

Securities

( 2,500

( 2,500

Other

1,991

2,708

Total current assets

115,636

132,508

Non-current assets

Property, plant and equipment

312

469

Intangible assets

188

197

Investments and other assets

Investment securities

67,646

93,749

Investments in capital

17

0

Long-term loans receivable

7

121

Deferred tax assets

7

362

Other

397

395

Total investments and other assets

68,076

94,628

Total non-current assets

68,577

95,295

Total assets

184,213

227,803

7

JAFCO Co., Ltd.

(Millions of yen)

As of March 31, 2019

As of December 31, 2019

Liabilities

Current liabilities

Current portion of long-term borrowings

116

149

Income taxes payable

1,193

4,368

Provision for bonuses

194

415

Allowance for extraordinary compensation for

89

directors

Other

881

2,754

Total current liabilities

2,475

7,687

Non-current liabilities

Long-term borrowings

249

132

Retirement benefit liability

453

435

Deferred tax liabilities

17,779

26,562

Other

42

147

Total non-current liabilities

18,523

27,277

Total liabilities

20,998

34,964

Net assets

Shareholders equity

Share capital

33,251

33,251

Capital surplus

32,806

32,806

Retained earnings

59,268

69,258

(

(

Treasury shares

7,586)

7,587)

Total shareholders equity

117,739

127,728

Accumulated other comprehensive income

Valuation difference on available-for-sale

44,719

64,682

securities

Foreign currency translation adjustment

755

428

Total accumulated other comprehensive income

45,475

65,110

Total net assets

163,215

192,839

Total liabilities and net assets

184,213

227,803

8

JAFCO Co., Ltd.

(2) Consolidated Statements of Income and Consolidated Statement of Comprehensive Income (Consolidated Statements of Income)

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2018

December 31, 2019

Net sales

Revenue from operational investment securities

20,033

22,680

Income from investment partnership management

1,954

5,255

Other sales

0

1

Total net sales

21,987

27,937

Cost of sales

Cost of operational investment securities

8,600

7,166

Other cost

637

3,035

Total cost of sales

9,237

10,201

Gross profit

12,749

17,735

(Reversal of) Additions to investment loss reserves

(435)

(1,604)

(Reversal of) unrealized losses on operational

14

(26)

investment securities

Gross profit - net

13,170

19,366

Selling, general and administrative expenses

3,097

2,996

Operating profit

10,073

16,369

Non-operating income

Interest income

126

72

Dividend income

1,258

2,036

Miscellaneous income

14

28

Total non-operating income

1,399

2,137

Non-operating expenses

Interest expenses

2

1

Foreign exchange losses

231

87

Miscellaneous loss

29

33

Total non-operating expenses

263

122

Ordinary profit

11,208

18,385

Extraordinary income

Gain on sales of investment securities

57

Total extraordinary income

57

Extraordinary losses

Total extraordinary losses

Profit before income taxes

11,266

18,385

Income taxes - current

2,570

5,319

Income taxes - deferred

(41)

(387)

Total income taxes

2,528

4,931

Profit

8,737

13,453

Profit attributable to non-controlling interests

Profit attributable to JAFCO Co., Ltd. stockholders

8,737

13,453

9

JAFCO Co., Ltd.

(Consolidated Statement of Comprehensive Income)

(Millions of yen)

Nine months ended

Nine months ended

December 31, 2018

December 31, 2019

Profit

8,737

13,453

Other comprehensive income

Valuation difference on available-for-sale securities

(11,292)

19,962

Foreign currency translation adjustment

816

(327)

Remeasurements of defined benefit plans, net of tax

4

Total other comprehensive income

(10,471)

19,635

Comprehensive income

(1,733)

33,089

Comprehensive income attributable to

Comprehensive income attributable to JAFCO Co.,

(1,733)

33,089

Ltd. stockholders

Comprehensive income attributable to non-

controlling interests

10

JAFCO Co., Ltd.

  1. Notes for Consolidated Financial Statements (Notes on premise of going concern)
    None

(Related to Consolidated Quarterly Balance Sheets)

*(i) Breakdown of JAFCO's interests in funds out of cash and cash equivalents

(Millions of yen)

As of March 31, 2019

As of December 31, 2019

Cash and deposits

7,484

13,898

  1. JAFCO's uncalled commitments to JAFCO-managed funds as of December 31, 2019 were ¥37,310 million, compared with ¥18,515 million as of December 31, 2018 and ¥14,601 million as of the end of previous full year.

As for JAFCO SV6 Series, JAFCO's uncalled commitments is ¥34,910 million, reflecting the transfer of existing interests which JAFCO held to external investors by January 20, 2020

(Notes on significant changes in the shareholder's equity) None

11

JAFCO Co., Ltd.

(Notes on marketable securities)

  1. Held-to-maturitybonds None

(ii) Available-for-sale securities

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Type

Figures on the

Acquisition cost

Figures on the

Acquisition cost

Difference

quarterly

Difference

consolidated B/S

consolidated B/S

Operational

investment securities

(1)

Stock

7,526

1,131

6,394

10,629

1,368

9,261

(2)

Bond

-

-

-

-

-

-

(3)

Others

-

-

-

-

-

-

Subtotal

7,526

1,131

6,394

10,629

1,368

9,261

Securities

Investment securities

(1)

Stock

66,606

9,348

57,258

92,729

9,339

83,390

whose B/S

amount

(2)

Bond

-

-

-

-

-

-

exceeds

(3)

Others

-

-

-

-

-

-

acquisition

cost

Subtotal

66,606

9,348

57,258

92,729

9,339

83,390

Marketable securities

(1)

Stock

-

-

-

-

-

-

(2)

Bond

-

-

-

-

-

-

(3)

Others

-

-

-

-

-

-

Subtotal

-

-

-

-

-

-

Total

74,132

10,479

63,652

103,359

10,707

92,652

Operational

investment securities

(1)

Stock

218

458

(240)

244

458

(214)

(2)

Bond

-

-

-

-

-

-

(3)

Others

-

-

-

-

-

-

Subtotal

218

458

(240)

244

458

(214)

Securities

Investment securities

(1)

Stock

44

61

(17)

24

32

(7)

whose B/S

amount

(2)

Bond

-

-

-

-

-

-

falls below

acquisition

(3)

Others

-

-

-

-

-

-

cost

Subtotal

44

61

(17)

24

32

(7)

Marketable securities

(1)

Stock

-

-

-

-

-

-

(2)

Bond

-

-

-

-

-

-

(3)

Others

2,500

2,500

-

2,500

2,500

-

Subtotal

2,500

2,500

-

2,500

2,500

-

Total

2,762

3,020

(258)

2,769

2,990

(221)

Grand total

76,894

13,500

63,394

106,129

13,698

92,430

12

JAFCO Co., Ltd.

(Millions of Yen)

Note: 1. The following items are not included in the above table because they have no market value, making it difficult to determine fair value.

(Millions of Yen)

As of March 31, 2019

As of December 31, 2019

Figures on the consolidated B/S

Figures on the quarterly

consolidated B/S

Available-for-sale securities

Operational investment securities

Unlisted stock

49,137

51,835

Unlisted domestic and foreign bonds

660

946

Others

1,724

2,263

Investment securities

Unlisted stock

802

800

Note: 2. No impairment was recorded (write down) on available-for-sale securities (including items that are extremely difficult to determine fair value) in the previous full year or in the nine months ended December 31, 2019.

13

JAFCO Co., Ltd.

3. Other Information

  1. Investments and IPOs
    1. Investments

(Millions of Yen)

For the year

For the nine months

For the nine months

ended

ended

ended

March 31, 2019

December 31, 2019

Annualized

December 31, 2018

(A)

(B)

comparison

Amount

No.

Amount

No.

Amount

No.

[(B)/3×4]/(A)

(A)

of cos.

of cos.

B

of cos .

(%)

Equity

(Japan)

11,379

26

8,922

19

21,172

28

248.1

(USA)

10,753

19

8,883

14

4,506

18

55.9

(Asia)

3,014

11

2,894

10

893

8

39.5

Total

25,147

56

20,700

43

26,572

54

140.9

Notes: 1. Investment amount is a total of investments by the JAFCO Group and funds.

2. Investments denominated in foreign currencies are translated into yen on a quarterly basis using the

exchange rate at the end of each quarter.

3Overseas investments made by the venture investment division in Japan are included in Japan.

(ii) IPOs

(Japan)

(Millions of Yen)

For the year ended

For the nine months ended

For the nine months ended

March 31, 2019

December 31, 2018

December 31, 2019

Number of IPOs

2

2

3

Investment cost (1)

900

900

1,293

Market value at IPOs (2)

7,128

7,128

13,396

Multiple (2)/(1)

7.9

7.9

10.4

Notes: 1. "Investment cost" and "Market value at IPO" are total amounts by the JAFCO Group and funds.

2. "Market value at IPO" is calculated by multiplying the number of shares held prior to the IPO by first price.

(Overseas)

(Millions of Yen)

For the year ended

For the nine months ended

For the nine months ended

March 31, 2019

December 31, 2018

December 31, 2019

Number of IPOs

-

-

1

Investment cost (1)

-

-

886

Market value at IPOs (2)

-

-

13,881

Multiple (2)/(1)

-

-

15.7

Notes: 1. "Investment cost" and "Market value at IPO" are total amounts by the JAFCO Group and funds. Exchange rate at the time of IPO is used for conversion.

  1. "Market value at IPO" is calculated by multiplying the number of shares held prior to the IPO by first price.
  2. As JAFCO had transferred its interest in Icon Ventures IV, L.P., which held shares in the above IPO company, the impact of the above IPO on JAFCO's performance is minimal.

14

JAFCO Co., Ltd.

(2) Establishment of Funds

Nine months ended December 31, 2019 (April 1, 2019 - December 31, 2019)

(i) Newly established funds:

(Millions of yen)

Total commitments

Fund name

as of

December 31, 2019

JAFCO SV6 Series

80,000

(Millions of TWD)

Total commitments

Fund name

as of

December 31, 2019

JAFCO Taiwan I Venture

1,037 *

Capital Limited Partnership

*Yen equivalent based on the exchange rate as of Dec. 31, 2019: ¥3,753 million

  1. Funds established in previous years whose total commitments increased in this period None

Previous full year (April 1, 2018 - March 31, 2019)

  1. Newly established funds: None
  2. Funds established in previous years whose total commitments increased

(Millions of US$)

Total commitments

Total commitments

Increase in

Fund name

as of

as of

commitments

March 31, 2019

March 31, 2018

JAFCO Asia Technology Fund

140

128

12

VII L.P.

(Millions of US$)

Total commitments

Total commitments

Increase in

Fund name

as of

as of

commitments

March 31, 2019

March 31, 2018

Icon Ventures VI, L.P.

375

262

112

15

Disclaimer

JAFCO Co. Ltd. published this content on 24 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2020 03:09:03 UTC

share with twitter share with LinkedIn share with facebook
Latest news on JAFCO CO., LTD.
03/30JAFCO CO., LTD. : Ex-dividend day for final dividend
FA
01/23JAFCO : Financial Results for the Nine Months Ended December 31, 2019(PDF..
PU
01/21JAFCO CO., LTD. : quaterly earnings release
2019Taiwan-based AI firm Appier raises $80 million
RE
2019INFORMATION MEETING : Summary of Q&A Session(PDF:109KB)
PU
2019JAFCO : Announcement Regarding Strategic Partnership with Nalnet communications ..
PU
2019JAFCO : Corporate Governance Report(PDF:477KB)
PU
2019JAFCO : PAPABUBBLE Closes its First Business Succession Deal with Villon
PU
2019JAFCO : Notice of Convocation of the 47th Annual General Meeting of Shareholders..
PU
2019JAFCO : Matters available on the website in relation to the Notice of Convocatio..
PU
More news
Financials
Sales 2021 20 633 M 192 M 192 M
Net income 2021 6 700 M 62,5 M 62,5 M
Net Debt 2021 - - -
P/E ratio 2021 17,0x
Yield 2021 3,32%
Capitalization 114 B 1 061 M 1 061 M
EV / Sales 2020
Capi. / Sales 2021 5,52x
Nbr of Employees -
Free-Float 93,0%
Chart JAFCO CO., LTD.
Duration : Period :
JAFCO Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JAFCO CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 3 516,67 JPY
Last Close Price 3 680,00 JPY
Spread / Highest target 11,4%
Spread / Average Target -4,44%
Spread / Lowest Target -17,1%
EPS Revisions
Managers
NameTitle
Shinichi Fuki President & Representative Director
Yoshiyuki Shibusawa Managing Director & Head-Business Development
Keisuke Miyoshi Director & Head-Investment
Koji Tanami Independent Outside Director
Kenichi Akiba Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
JAFCO CO., LTD.-14.42%1 053
BLACKROCK, INC.9.30%84 999
UBS GROUP AG-9.28%42 345
BANK OF NEW YORK MELLON CORPORATION (THE)-22.87%34 373
T. ROWE PRICE GROUP INC.1.95%28 266
STATE STREET CORPORATION-17.89%22 860