Edgar Filing: JAPAN EQUITY FUND INC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX/A

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811—06142

THE JAPAN EQUITY FUND, INC.

(Exact name of registrant as specified in charter)

c/o Daiwa Securities Trust Company
One Evertrust Plaza
Jersey City, New Jersey 07302

(Address of principal executive offices) (Zip code)

John J. O’Keefe
The Japan Equity Fund, Inc.
c/o Daiwa Securities Trust Company
One Evertrust Plaza
Jersey City, New Jersey 07302

(Name and Address of Agent for Service)

With a copy to:

Leonard B. Mackey, Jr., Esq.
Clifford Chance US LLP
31 West 52nd Street
New York, New York 10019

Registrant’s telephone number, including area code: (201) 915-3054

Date of fiscal year end: October 31

Date of reporting period: June 30, 2004

EXPLANATORY NOTE

This Form N-PX/A amends and restates in its entirety the Form N-PX for The Japan Equity Fund, Inc. (the “Fund”) that was filed with the Securities and Exchange Commission on August 31, 2004.

Item 1. Proxy Voting Record.

The following represents the Fund’s proxy voting record for the period from July 1, 2003 through June 30, 2004:

Issuer Name: Teijin Ltd.
Exchange Ticker Symbol / Quick Code: 3401
CUSIP Number / ISIN Code: JP3544000007
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 13th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Ten (10) Directors.	For	Yes	Against	Management
4	Election of Two (2) Statutory Auditors.	For	Yes	For	Management
5	Issuing of Stock Acquisition Rights as Stock Options.	For	Yes	For	Management
6	Granting of Retirement Allowances to Retiring Directors and Statutory Auditors.	For	Yes	Against	Management

Issuer Name: Mitsui Chemicals, Inc.
Exchange Ticker Symbol / Quick Code: 4183
CUSIP Number / ISIN Code: JP3888300005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 7th fiscal year.	For	Yes	For	Management
2	Partial amendment of the Articles of Incorporation.	For	Yes	For	Management
3	Election of one (1) Statutory Auditor.	For	Yes	For	Management
4	Presentation of retirement bonus to a retiring Director.	For	Yes	For	Management

Issuer Name: Takeda Chemical Ind., Ltd.
Exchange Ticker Symbol / Quick Code: 4502
CUSIP Number / ISIN Code: JP3463000004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 127th term.	For	Yes	For	Management
2	Partial Amendment of the Articles of Incorporation.	For	Yes	For	Management
3	Election of three (3) Directors.	For	Yes	For	Management
4	Election of two (2) Corporate Auditors.	For	Yes	For	Management
5	Payment of retirement benefits to a retiring Corporate Auditor.	For	Yes	For	Management

Issuer Name: Yamanouchi Pharmaceutical Co.,
Exchange Ticker Symbol / Quick Code: 4503
CUSIP Number / ISIN Code: JP3942400007
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Approval of Proposed Appropriation of Retained Earnings for the 91st Fiscal Year.	For	Yes	For	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Approval of Merger Agreement between the Company and Fujisawa Pharmaceutical Co., Ltd.	For	Yes	For	Management
4	Election of Three (3) Directors of the Board.	For	Yes	For	Management
5	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
6	Issuance of Stock Acquisition Rights as Stock Option.	For	Yes	For	Management
7	Presentation of Retirement Grants to retiring Directors of the Board.	For	Yes	For	Management

Issuer Name: Eisai Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4523
CUSIP Number / ISIN Code: JP3160400002
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed appropriation of retained earnings for the 92nd fiscal period.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of eleven (11) Directors.	For	Yes	For	Management
4	Presentation of retirement allowances to retiring Directors and Corporate Auditors.	For	Yes	Against	Management
5	Issuing of Reservation Rights for New Shares as Stock Options.	For	Yes	For	Management

Issuer Name: Sumitomo Electric Ind., Ltd.
Exchange Ticker Symbol / Quick Code: 5802
CUSIP Number / ISIN Code: JP3407400005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Distribution of profits for the 134th fiscal year.	For	Yes	For	Management
2	Partial amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Election of twelve (12) Directors due to the expiration of the terms of office of all thirteen (13) Directors.	For	Yes	For	Management
4	Election of one (1) Statutory Auditor.	For	Yes	For	Management
5	Payment of retirement allowances to the retiring Directors.	For	Yes	Against	Management

Issuer Name: Fujikura Ltd.
Exchange Ticker Symbol / Quick Code: 5803
CUSIP Number / ISIN Code: JP3811000003
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Approval of the proposed appropriation of retained earnings from the 156^th business year.	For	Yes	For	Management
2	Partial transfer of operations to VISCAS Corporation.	For	Yes	For	Management
3	Partial amendment of the Articles of Incorporation.	For	Yes	For	Management
4	Election of one statutory auditor.	For	Yes	For	Management
5	Grant of retirement allowances to the retiring directors and retiring statutory auditors.	For	Yes	Against	Management

Issuer Name: Hitachi, Ltd.
Exchange Ticker Symbol / Quick Code: 6501
CUSIP Number / ISIN Code: JP3788600009
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Amendment to the Articles of Incorporation.	For	Yes	For	Management
2	Election of 14 Directors due to expiration of the term of office of all Directors.	For	Yes	Against	Management
3	Issuance of stock acquisition rights for the purpose of granting stock options.	For	Yes	For	Management

Issuer Name: Toshiba Corp.
Exchange Ticker Symbol / Quick Code: 6502
CUSIP Number / ISIN Code: JP3592200004
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Amendment to the Company’s Articles of Incorporation.	For	Yes	For	Management
2	The election of fourteen (14) Directors.	For	Yes	For	Management

Issuer Name: NEC Corp.
Exchange Ticker Symbol / Quick Code: 6701
CUSIP Number / ISIN Code: JP3733000008
Meeting Date: 6/22/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed appropriation of retained earnings for the 166th Business Period.	For	Yes	Against	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Fifteen Directors.	For	Yes	Against	Management
4	Election of Three Corporate Auditors.	For	Yes	For	Management
5	Issuance of Stock Acquisition Rights with Favorable Conditions to Persons Other Than the Shareholders for the Purpose of Granting Stock Options.	For	Yes	For	Management
6	Presentation of Retirement Allowances to Retiring Directors and Retiring Corporate Auditor.	For	Yes	Against	Management

Issuer Name: Fujitsu Ltd.
Exchange Ticker Symbol / Quick Code: 6702
CUSIP Number / ISIN Code: JP3818000006
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 104th Business Period.	For	Yes	Against	Management
2	Partial Revision to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Three Members of the Board.	For	Yes	Against	Management
4	Election of Four Auditors.	For	Yes	Against	Management
5	Granting of Retirement Allowances to Retiring Members of the Board and Auditors.	For	Yes	Against	Management

Issuer Name: NEC Electronics Corp.
Exchange Ticker Symbol / Quick Code: 6723
CUSIP Number / ISIN Code: JP3164720009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings with Respect to the 2nd Business Period.	For	Yes	Against	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Five Directors.	For	Yes	Against	Management
4	Election of Three Corporate Auditors.	For	Yes	For	Management
5	Issuance of Stock Acquisition Rights with Favorable Conditions to Persons Other Than the Shareholders for the Purpose of Granting Stock Options.	For	Yes	For	Management
6	Presentation of Retirement Allowances to Retiring Director and Retiring Corporate Auditors.	For	Yes	Against	Management
7	Change in Remuneration of Directors and Corporate Auditors.	For	Yes	For	Management

Issuer Name: Matsushita Electric Ind. Co.,
Exchange Ticker Symbol / Quick Code: 6752
CUSIP Number / ISIN Code: JP3866800000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	To approve the proposed allocation of profit with respect to the 97th fiscal period.	For	Yes	Against	Management
2	To make partial amendments to the Company’s Articles of Incorporation.	For	Yes	For	Management
3	To elect 19 directors.	For	Yes	For	Management
4	To elect 2 corporate auditors.	For	Yes	For	Management
5	To grant retirement allowances to retiring directors for their meritorious service.	For	Yes	Against	Management
6	To grant retirement allowances to retiring corporate auditors for their meritorious service.	For	Yes	Against	Management

Issuer Name: Sharp Corp.
Exchange Ticker Symbol / Quick Code: 6753
CUSIP Number / ISIN Code: JP3359600008
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 110th Term.	For	Yes	For	Management
2	Amendment to Certain Provisions of the Articles of Incorporation of the Company.	For	Yes	For	Management
3	Election of 25 Directors of the Company.	For	Yes	Against	Management
4	Election of 3 Corporate Auditors of the Company.	For	Yes	For	Management
5	Payment of Condolence Money to Ex-Corporate Director Mr. Tohru Okuda and of Retirement Remuneration to Retiring Directors.	For	Yes	Against	Management

Issuer Name: Denso Corp.
Exchange Ticker Symbol / Quick Code: 6902
CUSIP Number / ISIN Code: JP3551500006
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposal for Appropriation of Retained Earnings for the 81st Fiscal Term.	For	Yes	For	Management
2	Acquisition of Treasury Stock.	For	Yes	For	Management
3	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
4	Election of Thirteen (13) Directors due to Expiration of Term of Office of All the Current Directors.	For	Yes	For	Management
5	Issuance of Stock Options without Charge to Directors, Managing Officers and Certain Employees of the Company, as well as to Directors and Certain Officers of its Subsidiaries.	For	Yes	For	Management
6	Partial Amendments to the Stock Option Exercise Conditions due to the Implementation of a New Management System.	For	Yes	For	Management
7	Presentation of Retirement Benefits to Retiring Directors.	For	Yes	For	Management

Issuer Name: Rohm Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6963
CUSIP Number / ISIN Code: JP3982800009
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 46th Fiscal Year.	For	Yes	For	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Five (5) Corporate Auditors.	For	Yes	For	Management
4	Payment of Retirement Allowance to the Retiring Corporate Auditor.	For	Yes	Against	Management

Issuer Name: Kyocera Corp.
Exchange Ticker Symbol / Quick Code: 6971
CUSIP Number / ISIN Code: JP3249600002
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Approval of proposed appropriation of retained earnings for the 50th Fiscal Year.	For	Yes	For	Management
2	Amendments of the Articles of Incorporation.	For	Yes	For	Management
3	Election of two (2) Corporate Auditors.	For	Yes	Against	Management
4	Payment of retirement allowance to a retiring Corporate Auditor.	For	Yes	Against	Management
5	Issuance of stock acquisition rights for granting stock option.	For	Yes	For	Management

Issuer Name: Mitsubishi Heavy Ind., Ltd.
Exchange Ticker Symbol / Quick Code: 7011
CUSIP Number / ISIN Code: JP3900000005
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Appropriation of retained earnings for the 2003 business year.	For	Yes	For	Management
2	Partial amendment of the Articles of Incorporation.	For	Yes	For	Management
3	Election of nine Directors.	For	Yes	Against	Management
4	Election of one Statutory Auditor.	For	Yes	For	Management
5	Grant of retirement pay to retired and retiring Directors and Statutory Auditor.	For	Yes	Against	Management
6	Grant of the stock acquisition rights to Directors as stock options.	For	Yes	For	Management

Issuer Name: Toyota Motor Corp.
Exchange Ticker Symbol / Quick Code: 7203
CUSIP Number / ISIN Code: JP3633400001
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Appropriation of Retained Earnings for the FY2004 Term.	For	Yes	For	Management
2	Amendment of the Articles of Incorporation.	For	Yes	For	Management
3	Election of 27 Directors.	For	Yes	Against	Management
4	Issue of Stock Acquisition Rights without Consideration to Directors, Managing Officers and Employees, etc., of Toyota Motor Corporation and its Affiliates.	For	Yes	For	Management
5	Repurchase of Shares.	For	Yes	For	Management
6	Award of Bonus Payments to Mr. Iwao Isomura (deceased), Former Representative Director and Vice Chairman, and to Retiring Directors.	For	Yes	For	Management
7	Proposed Appropriation of Retained Earnings.	For	Yes	For	Management
8	Amendment of the Articles of Incorporation (Part 1).	For	Yes	Against	Management
9	Amendment of the Articles of Incorporation (Part 2).	For	Yes	Against	Management

Issuer Name: Honda Motor Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7267
CUSIP Number / ISIN Code: JP3854600008
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposal for Appropriation of Retained Earnings for the 79th Fiscal Year.	For	Yes	For	Management
2	Acquisition by the Company of Its Own Shares.	For	Yes	For	Management
3	Partial Amendments to the Articles of Incorporation.	For	Yes	Against	Management
4	Election of Thirty Six (36) Directors.	For	Yes	For	Management
5	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
6	Revision of Amount of Remuneration Payable to Directors.	For	Yes	Against	Management
7	Presentation of Retirement Allowance to Retiring Directors and Corporate Auditors for Their Respective Services.	For	Yes	Against	Management

Issuer Name: Net One Systems Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7518
CUSIP Number / ISIN Code: JP3758200004
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Appropriation of profit for the 17th fiscal year.	For	Yes	Against	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Payment of retirement allowance to directors and statutory auditors in view of the termination of the retirement benefits program.	For	Yes	Against	Management
4	Revision of remuneration for directors and statutory auditors.	For	Yes	For	Management
5	Election of 8 directors.	For	Yes	Against	Management
6	Election of 3 statutory auditors.	For	Yes	For	Management

Issuer Name: Ricoh Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7752
CUSIP Number / ISIN Code: JP3973400009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed appropriation of retained earnings for the fiscal year.	For	Yes	For	Management
2	Partial amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of fourteen (14) directors.	For	Yes	Against	Management
4	Election of three (3) corporate auditors.	For	Yes	For	Management
5	Granting of retirement allowances to retiring directors.	For	Yes	For	Management

Issuer Name: Marubeni Corp.
Exchange Ticker Symbol / Quick Code: 8002
CUSIP Number / ISIN Code: JP3877600001
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	To approve the proposed appropriation of the profit for the 80th fiscal year.	For	Yes	For	Management
2	To amend certain parts of the Articles of Incorporation.	For	Yes	For	Management
3	To elect 10 Directors due to the expiration of the term of office of all 11 incumbent Directors.	For	Yes	For	Management
4	To elect 1 Corporate Auditor due to the resignation of 1 incumbent Corporate Auditor.	For	Yes	For	Management
5	To grant retirement remuneration to the retiring Director and the retiring Corporate Auditor.	For	Yes	Against	Management

Issuer Name: Mitsubishi Tokyo Financial Group
Exchange Ticker Symbol / Quick Code: 8306
CUSIP Number / ISIN Code: JP3902900004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Approval of the Proposed Appropriations of Retained Earnings and Other Capital Surplus for the 3^rd Business Term.	For	Yes	For	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditor.	For	Yes	For	Management
5	Granting of Retirement Gratuities to Retiring Directors and Resigned Corporate Auditor.	For	Yes	For	Management

Issuer Name: Nomura Holdings, Inc.
Exchange Ticker Symbol / Quick Code: 8604
CUSIP Number / ISIN Code: JP3762600009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Amendments to the Articles of Incorporation.	For	Yes	For	Management
2	Issuance of Stock Acquisition Rights as Stock Options.	For	Yes	For	Management
3	Election of Eleven Directors.	For	Yes	For	Management

Issuer Name: Mitsui Fudosan Co., Ltd.
Exchange Ticker Symbol / Quick Code: 8801
CUSIP Number / ISIN Code: JP3893200000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Nonconsolidated Profits for the 92nd Business term.	For	Yes	For	Management
2	Amendments to a Part of the Articles of Incorporation.	For	Yes	For	Management
3	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
4	Granting of Retirement Gratuity to Retiring Corporate Auditor.	For	Yes	For	Management

Issuer Name: Nippon Yusen K.K.
Exchange Ticker Symbol / Quick Code: 9101
CUSIP Number / ISIN Code: JP3753000003
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed appropriation of retained earnings for the 117th Fiscal Year.	For	Yes	For	Management
2	Partial amendment to the Articles of Incorporation.	For	Yes	For	Management
3	The election of twelve Directors.	For	Yes	Against	Management
4	The presentation of retirement benefits to retiring Directors.	For	Yes	For	Management

Issuer Name: Nippon Telegraph & Telephone Corporation
Exchange Ticker Symbol / Quick Code: 9432
CUSIP Number / ISIN Code: JP3735400008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed appropriation of unappropriated retained earnings for the 19th fiscal year ended March 31, 2004.	For	Yes	Against	Management
2	Repurchase of own shares.	For	Yes	For	Management
3	Partial Modifications to the Articles of Incorporation.	For	Yes	For	Management
4	Election of eleven Directors.	For	Yes	Against	Management
5	Election of a Corporate Auditor.	For	Yes	For	Management
6	Presentation of retirement allowance to retiring Directors and a Corporate Auditor.	For	Yes	Against	Management

Issuer Name: NTT Docomo, Inc.
Exchange Ticker Symbol / Quick Code: 9437
CUSIP Number / ISIN Code: JP3165650007
Meeting Date: 6/18/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earnings for the 13th Fiscal Year.	For	Yes	For	Management
2	Repurchase of shares.	For	Yes	For	Management
3	Partial amendment to the Articles of Incorporation.	For	Yes	For	Management
4	Election of 25 Directors.	For	Yes	Against	Management
5	Election of 1 Corporate Auditor.	For	Yes	Against	Management
6	Award of Retirement Benefits Payments to Retiring Directors and Corporate Auditor.	For	Yes	Against	Management

Issuer Name: Shimizu Corp
Exchange Ticker Symbol / Quick Code: 1803
CUSIP Number / ISIN Code: JP3358800005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 102th business term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation	For	Yes	For	Management
3	Election of Two (2) Directors	For	Yes	For	Management
4	Election of Four (4) Corporate Auditors	For	Yes	For	Management
5	Granting of Retirement Allowance to Retiring Corporate Auditors	For	Yes	Against	Management

Issuer Name: Maeda Corp.
Exchange Ticker Symbol / Quick Code: 1824
CUSIP Number / ISIN Code: K3971200008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 59th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Thirteen (13) Directors.	For	Yes	Against	Management
4	Granting of Retirement Allowance to Retiring Directors.	For	Yes	Against	Management

Issuer Name: Daiwa House Ind. Co
Exchange Ticker Symbol / Quick Code: 1925
CUSIP Number / ISIN Code: JP3505000004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 65th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Twenty One(21) Directors.	For	Yes	Against	Management
4	Granting of Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: NEC Fielding, Ltd.
Exchange Ticker Symbol / Quick Code: 2322
CUSIP Number / ISIN Code: JP3164710000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 48th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Five (5) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditor.	For	Yes	For	Management
5	Granting of Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Fuji Oil Co., Ltd.
Exchange Ticker Symbol / Quick Code: 2607
CUSIP Number / ISIN Code: JP3816400000
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 76th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seventeen (17) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Hard Off Corp.
Exchange Ticker Symbol / Quick Code: 2674
CUSIP Number / ISIN Code: JP3765120005
Meeting Date: 6/21/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 32th Business Term.	For	Yes	For	Management
2	Election of Three (3) Corporate Auditors.	For	Yes	For	Management
3	Granting Retirement Allowance to Retiring Auditors and Directors.	For	Yes	Against	Management

Issuer Name: Edion Corp.
Exchange Ticker Symbol / Quick Code: 2730
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 3rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditor.	For	Yes	For	Management
5	Election of One(1) Substitue Auditor.	For	Yes	For	Management
6	Election of Independent Auditor.	For	Yes	For	Management

Issuer Name: NAFCO Co., Ltd.
Exchange Ticker Symbol / Quick Code: 2790
CUSIP Number / ISIN Code: JP3651160008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 35th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Corporate Auditors.	For	Yes	For	Management

Issuer Name: Mitsubishi Rayon Co., Ltd.
Exchange Ticker Symbol / Quick Code: 3404
CUSIP Number / ISIN Code: JP3903600009
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 79th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Eight (8) Directors.	For	Yes	For	Management
4	Election of Five (5) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors.	For	Yes	Against	Management
6	Revision of Remuneration for Auditors.	For	Yes	For	Management

Issuer Name: Wacoal Corp.
Exchange Ticker Symbol / Quick Code: 3591
CUSIP Number / ISIN Code: JP3992400006
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 56th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Five (5) Directors.	For	Yes	For	Management
4	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	For	Management

Issuer Name: Sumitomo Chemical Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4005
CUSIP Number / ISIN Code: JP3401400001
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 123rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Nine(9) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Tosoh Corp.
Exchange Ticker Symbol / Quick Code: 4042
CUSIP Number / ISIN Code: JP3595200001
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 105th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Nine(9) Directors.	For	Yes	Against	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Central Glass Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4044
CUSIP Number / ISIN Code: JP3425000001
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 90th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Nine (9) Directors.	For	Yes	For	Management
4	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	For	Management

Issuer Name: Denki Kagaku Kogyo K.K.
Exchange Ticker Symbol / Quick Code: 4061
CUSIP Number / ISIN Code: JP3549600009
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 145th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Sixteen(16) Directors.	For	Yes	Against	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Shin-Etsu Chemical Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4063
CUSIP Number / ISIN Code: JP3371200001
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 127th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management
5	Issuance of Stock Acquisition Rights with Favorable Conditions to Persons Other Than Shareholders.	For	Yes	For	Management

Issuer Name: Sumitomo Bakelite Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4203
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 113th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Eight (8) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Asahi Organic Chemicals Ind. C
Exchange Ticker Symbol / Quick Code: 4216
CUSIP Number / ISIN Code: JP3117200000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for the 83rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Eleven (11) Directors.	For	Yes	Against	Management
4	Election of Three (3) Corporate Auditors.	For	Yes	Against	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Hitachi Chemical Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4217
CUSIP Number / ISIN Code: JP3785000005
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
2	Election of Eight(8) Directors.	For	Yes	Against	Management
3	Issuance of Stock Acquisition rights for the purpose of granting stock options.	For	No	Abstain	Management

Issuer Name: Nomura Research Institute, Ltd
Exchange Ticker Symbol / Quick Code: 4307
CUSIP Number / ISIN Code: JP3762800005
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 39th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Ten (10) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Auditors.	For	Yes	For	Management
7	Issuance of Stock Acquisition Rights for the Purpose of Granting Stock Options.	For	Yes	For	Management

Issuer Name: Tanabe Seiyaku Co., Ltd.
Exchange Ticker Symbol / Quick Code: 4508
CUSIP Number / ISIN Code: JP3469000008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 100th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management

Issuer Name: Toyo Ink Mfg. Co., Ltd
Exchange Ticker Symbol / Quick Code: 4634
CUSIP Number / ISIN Code: JP3606600009
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 166th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Fifteen(15) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	For	Management

Issuer Name: Nichiyu Giken Kogyo Co., Ltd
Exchange Ticker Symbol / Quick Code: 4961
CUSIP Number / ISIN Code: JP3664600008
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 24th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Election of Two(2) Corporate Auditors.	For	Yes	For	Management
5	Election of One (1) Substitute Auditor.	For	Yes	For	Management

Issuer Name: The Yokohama Rubber Co., Ltd.
Exchange Ticker Symbol / Quick Code: 5101
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 128th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance for Retiring Directors.	For	Yes	For	Management

Issuer Name: Nippon Sheet Glass Co., Ltd.
Exchange Ticker Symbol / Quick Code: 5202
CUSIP Number / ISIN Code: JP3686800008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 138th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditors.	For	No	Abstain	Management
5	Issuance of Stock Acquisition Rights for the Purpose of Granting Stock Options.	For	No	Abstain	Management

Issuer Name: Nippon Electric Glass Co., Ltd
Exchange Ticker Symbol / Quick Code: 5214
CUSIP Number / ISIN Code: JP3733400000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 85th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Nine (9) Directors.	For	Yes	For	Management
4	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Sumitomo Metal Ind., Ltd.
Exchange Ticker Symbol / Quick Code: 5405
CUSIP Number / ISIN Code: JP3402200004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 81st Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Ten (10) Directors.	For	Yes	For	Management
4	Election of Three (3) Corporate Auditors.	For	Yes	For	Management
5	Granting Condolence Money For A Former Auditor.	For	Yes	Against	Management
6	Granting Retirement Allowance to Retiring Directors and Auditors.	For	No	Abstain	Management

Issuer Name: Kobe Steel, Ltd.
Exchange Ticker Symbol / Quick Code: 5406
CUSIP Number / ISIN Code: JP3289800009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 151st Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Ten (10) Directors.	For	Yes	For	Management
4	Election of Four (4) Corporate Auditors.	For	Yes	Against	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
6	Termination of Granting Retirement Allowance Due to the Amendment on Allowance System.	For	Yes	Against	Management
7	Revision of Amount of Remuneration payable to Directors and Auditors.	For	Yes	For	Management

Issuer Name: Nisshin Steel Co., Ltd.
Exchange Ticker Symbol / Quick Code: 5407
CUSIP Number / ISIN Code: JP3676000007
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 124th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Eight (8) Directors.	For	Yes	For	Management
4	Election of One (1) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Toyo Kohan Co., Ltd.
Exchange Ticker Symbol / Quick Code: 5453
CUSIP Number / ISIN Code: JP3610200002
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 107th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Election of Seven (7) Directors.	For	Yes	0	Management
4	Election of Two (2) Corporate Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Amada Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6113
CUSIP Number / ISIN Code: JP3122800000
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 66th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Stock Acquisition Rights for the Purpose of Granting Stock Options.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	Against	Management

Issuer Name: Toyota Industries Corp.
Exchange Ticker Symbol / Quick Code: 6201
CUSIP Number / ISIN Code: JP3634600005
Meeting Date: 6/22/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 126th Business Term.	For	Yes	Against	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Three (3) Auditors.	For	Yes	Against	Management
4	Issuance of Stock Acquisition Rights for Free to Directors and Employees.	For	Yes	Against	Management
5	Granting Retirement Allowance for Retiring Director, and Condolence Money for Former Auditor.	For	Yes	Against	Management

Issuer Name: SMC Corp.
Exchange Ticker Symbol / Quick Code: 6273
CUSIP Number / ISIN Code: JP3162600005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 45th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Nineteen (19) Directors.	For	Yes	For	Management
4	Electin Two(2) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance for Retiring Directors and Auditors.	For	Yes	For	Management
6	Electing One(1) Independent Auditor.	For	Yes	For	Management

Issuer Name: Komatsu Ltd.
Exchange Ticker Symbol / Quick Code: 6301
CUSIP Number / ISIN Code: JP3304200003
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 135th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Ten (10) Directors.	For	Yes	For	Management
4	Electing One(1) Auditors.	For	Yes	For	Management
5	Issuance of Acquisition Rights for Free as Stock Option	For	Yes	For	Management
6	Revision of Allowance for Auditors and Directors.	For	Yes	For	Management
7	Granting Retirement Allowance for Retiring Auditors.	For	Yes	Against	Management

Issuer Name: Fujitec Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6406
CUSIP Number / ISIN Code: JP3818800009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 57th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Seven (7) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance Fore Retiring Directors.	For	Yes	For	Management

Issuer Name: NSK Ltd.
Exchange Ticker Symbol / Quick Code: 6480
CUSIP Number / ISIN Code: JP3739400004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 143rd Business Term	For	Yes	For	Management
2	Partial Amendments to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Acquisition Rights for Free as Stock Option	For	Yes	For	Management
4	Electing Eleven (11) Directors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Nippon Thompson Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6480
CUSIP Number / ISIN Code: JP3739400004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 55th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Twelve (12) Directors.	For	Yes	Against	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Granting Retiring Allowance for Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: THK Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6481
CUSIP Number / ISIN Code: JP3539250005
Meeting Date: 6/26/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 34th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Fifteen (15) Directors.	For	Yes	Against	Management
4	Electing One (1) Auditor and One (1) Substitute Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance for Retiring Directors.	For	Yes	For	Management
6	Granting Retirement Allowance Due to the Amendment of Retirement Allowance System.	For	Yes	Against	Management
7	Revision of Allowance for Directors and Auditors.	For	Yes	For	Management
8	Issuance of Acquisition Rights as Stock Option	For	Yes	For	Management

Issuer Name: Hitachi Kokusai Electric Inc
Exchange Ticker Symbol / Quick Code: 6756
CUSIP Number / ISIN Code: JP3294600006
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
2	Approval of Plan for the Split.	For	Yes	For	Management
3	Electing Five (5) Directors.	For	Yes	Against	Management

Issuer Name: TDK Corp
Exchange Ticker Symbol / Quick Code: 6762
CUSIP Number / ISIN Code: JP3538800008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 108th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Acquiring Rights as Stock Option for Directors and Corporate Officers.	For	Yes	For	Management
4	Repurchase of Own Shares.	For	Yes	For	Management
5	Electing Seven (7) Directors.	For	Yes	For	Management
6	Electing One (1) Corporate Auditor.	For	Yes	For	Management
7	Granting Retirement Allowance for Retiring Auditors and Directors.	For	Yes	Against	Management

Issuer Name: Yokogawa Electric Corp
Exchange Ticker Symbol / Quick Code: 6841125111
CUSIP Number / ISIN Code: JP3955000009
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 128th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Three (3) Directors.	For	Yes	For	Management
4	Electing Four (4) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance for Directors and Auditors, Due to the termination of Retirement Benefits Plan.	For	Yes	Against	Management
6	Revision for the Amount of Allowance for Directors.	For	Yes	For	Management
7	Revision for the Amount of Allowance for Auditors.	For	Yes	For	Management

Issuer Name: Stanley Electric Co., Ltd.
Exchange Ticker Symbol / Quick Code: 6923
CUSIP Number / ISIN Code: JP3399400005
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 99th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Seven (7) Directors.	For	Yes	Against	Management
4	Granting Retirement Allowance for Retiring Directors.	For	Yes	For	Management

Issuer Name: CMK Corp
Exchange Ticker Symbol / Quick Code: 6958
CUSIP Number / ISIN Code: JP3712000003
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 44th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Seven (7) Directors.	For	Yes	For	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Electing One (1) Substitue Auditor.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Taiyo Yuden Co., Ltd
Exchange Ticker Symbol / Quick Code: 6976
CUSIP Number / ISIN Code: JP3452000007
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 63th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Four (4) Auditors.	For	Yes	For	Management
4	Granting Retirement Allowance for Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Tokai Rika Co., Ltd
Exchange Ticker Symbol / Quick Code: 6995
CUSIP Number / ISIN Code: JP3566600007
Meeting Date: 6/22/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 57th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Twenty-Two (22) Directors.	For	Yes	Against	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Revision of remuneration of the Directors and Auditors.	For	Yes	For	Management
6	Issuance of Acquiring Rights for free to Directors, Employees, and officers from affiliated companies.	For	Yes	For	Management
7	Granting Retirement Allowance for Retiring Auditors and Directors.	For	Yes	Against	Management

Issuer Name: Nichicon Corp.
Exchange Ticker Symbol / Quick Code: 6996
CUSIP Number / ISIN Code: JP3661800007
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 69th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Two (2) Auditors.	For	Yes	Against	Management
4	Electing One(1) Substitute Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance for Retiring Auditors.	For	Yes	Against	Management
6	Issuance of Acquiring Rights as Stock Option.	For	Yes	For	Management

Issuer Name: Nippon Chemi-Con Corp.
Exchange Ticker Symbol / Quick Code: 6997
CUSIP Number / ISIN Code: JP3701200002
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 57th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Nine (9) Directors.	For	Yes	For	Management
4	Electing Three (3) Auditors.	For	Yes	For	Management
5	Electing One (1) Substitue Auditor.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Directors and Condolence Money to Former Auditor.	For	Yes	For	Management

Issuer Name: Mazda Motor Corp.
Exchange Ticker Symbol / Quick Code: 7261
CUSIP Number / ISIN Code: JP3868400007
Meeting Date: 6/22/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 138th Business Term.	For	Yes	Against	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Acquiring Rights as Stock Option to people besides shareholders.	For	Yes	For	Management
4	Repurchase of Shares.	For	Yes	For	Management
5	Electing Five (5) Directors.	For	Yes	For	Management
6	Electing One (1) Auditor.	For	Yes	For	Management
7	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Yamaha Motor Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7272
CUSIP Number / ISIN Code: JP3942800008
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 69th Business Term.	For	Yes	Against	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Four (4) Directors.	For	Yes	For	Management
4	Electing One (1) Corporate Auditor.	For	Yes	For	Management
5	Issuance of Acquiring Rights as Stock Option.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Showa Corp.
Exchange Ticker Symbol / Quick Code: 7274
CUSIP Number / ISIN Code: JP3360300002
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 96th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Fourteen (14) Directors.	For	Yes	For	Management
4	Electing One (1) Corporate Auditor.	For	Yes	For	Management
5	Granting Allowance to Directors from the term of 96th.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Koito Mfg. Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7276
CUSIP Number / ISIN Code: JP3284600008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 104th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Three (3) Auditors.	For	Yes	For	Management
4	Revision of Remuneration for Directors.	For	Yes	For	Management

Issuer Name: Dainippon Screen Mfg. Co., Ltd
Exchange Ticker Symbol / Quick Code: 7735
CUSIP Number / ISIN Code: JP3494600004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 63rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Two (2) Directors.	For	Yes	For	Management
4	Electing Four (4) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance for Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Toppan Printing Co., Ltd.
Exchange Ticker Symbol / Quick Code: 7911
CUSIP Number / ISIN Code: JP3629000005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 158th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Thirty-One (31) Directors.	For	Yes	Against	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Mitsui & Co., Ltd
Exchange Ticker Symbol / Quick Code: 8031
CUSIP Number / ISIN Code: JP3893600001
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 85th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Six (6) Directors.	For	Yes	For	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Revision of Remuneration for Auditors.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Directors and Auditors in view of the termination of the retirement benefits program.	For	Yes	Against	Management

Issuer Name: Isetan Co., Ltd.
Exchange Ticker Symbol / Quick Code: 8238
CUSIP Number / ISIN Code: JP3140000005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 119th Business Term.	For	Yes	For	Management
2	Electing Six (6) Directors.	For	Yes	For	Management
3	Electing Two (2) Auditors.	For	Yes	For	Management
4	Issuance of Acquiring Rights to the Directors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Marui Co., Ltd.
Exchange Ticker Symbol / Quick Code: 8252
CUSIP Number / ISIN Code: JP3870400003
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 68th Business Term.	For	Yes	For	Management
2	Electing Four (4) Directors.	For	Yes	For	Management
3	Electing Two (2) Auditors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Shinsei Bank, Ltd.
Exchange Ticker Symbol / Quick Code: 8303
CUSIP Number / ISIN Code: JP3729000004
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 4th Business Term.	For	Yes	Against	Management
2	Electing Three (3) Directors.	For	Yes	For	Management
3	Issuance of Acquiring Rights as Stock Option to Directors and Officers.	For	Yes	For	Management
4	Repurchase of Shares.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Mitsui Trust Holdings, Inc.
Exchange Ticker Symbol / Quick Code: 8309
CUSIP Number / ISIN Code: JP3892100003
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 3rd Business Term.	For	Yes	Against	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Five (5) Directors.	For	Yes	For	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Sumitomo Trust & Banking Co.,
Exchange Ticker Symbol / Quick Code: 8403
CUSIP Number / ISIN Code: JP3405000005
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 133rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Eleven (11) Directors.	For	Yes	For	Management
4	Electing Two (2) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	For	Management

Issuer Name: Mizuho Financial Group, Inc.
Exchange Ticker Symbol / Quick Code: 8411
CUSIP Number / ISIN Code: JP3885780001
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 2nd Business Term.	For	Yes	Against	Management
2	Reduction of Capital Reserve.	For	Yes	For	Management
3	Repurchase of Shares.	For	Yes	For	Management
4	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
5	Electing Three (3) Directors.	For	Yes	For	Management
6	Electing Two (2) Auditors.	For	Yes	For	Management
7	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
8	Partial Amendment to the Articles of Incorporation (Part 1).	For	Yes	Against	Management
9	Partial Amendment to the Articles of Incorporation (Part 2).	For	Yes	Against	Management

Issuer Name: Hitachi Capital Corp.
Exchange Ticker Symbol / Quick Code: 8586
CUSIP Number / ISIN Code: JP3786600001
Meeting Date: 6/18/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
2	Electing Six (6) Directors.	For	Yes	Against	Management

Issuer Name: Jafco Co., Ltd.
Exchange Ticker Symbol / Quick Code: 8595
CUSIP Number / ISIN Code: JP3389900006
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 32nd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Acquiring Rights as Stock Option.	For	Yes	Against	Management
4	Electing Five (5) Directors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
6	Revision of Remuneration for Directors and Auditors.	For	Yes	For	Management

Issuer Name: Nissay Dowa General Insurance
Exchange Ticker Symbol / Quick Code: 8759
CUSIP Number / ISIN Code: JP3638200000
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 61st Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Nine (9) Directors.	For	Yes	For	Management
4	Electing Two (2) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: Aioi Insurance Co., Ltd.
Exchange Ticker Symbol / Quick Code: 8761
CUSIP Number / ISIN Code: JP3486600004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 3rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Sixteen (16) Directors.	For	Yes	For	Management
4	Electing Two (2) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management

Issuer Name: East Japan Railway Co.
Exchange Ticker Symbol / Quick Code: 9020
CUSIP Number / ISIN Code: JP3783600004
Meeting Date: 6/23/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 17th Business Term.	For	Yes	For	Management
2	Repurchase of Shares.	For	Yes	For	Management
3	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
4	Electing Twenty Three (23) Directors.	For	Yes	Against	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
6	Revision of Remuneration for Auditors.	For	Yes	For	Management

Issuer Name: Nippon Express Co., Ltd.
Exchange Ticker Symbol / Quick Code: 9062
CUSIP Number / ISIN Code: JP3729400006
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 98th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Fourteen (14) Directors.	For	Yes	Against	Management
4	Electing Three (3) Auditors.	For	Yes	Against	Management
5	Granting Retirement Allowance to Retiring Auditors and Directors.	For	Yes	Against	Management

Issuer Name: Mitsui-Soko Co., Ltd
Exchange Ticker Symbol / Quick Code: 9302
CUSIP Number / ISIN Code: JP3891200002
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 156th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Two(2) Auditors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Auditors.	For	Yes	Against	Management

Issuer Name: Tokyo Broadcast. System, INC.
Exchange Ticker Symbol / Quick Code: 9401
CUSIP Number / ISIN Code: JP3588600001
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 77th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing One (1) Director.	For	Yes	Against	Management
4	Electing Five(5) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Auditors in the view of termination of retirement benefits program.	For	Yes	Against	Management
6	Issuance of Acquiring Rights as Stock Option.	For	Yes	For	Management

Issuer Name: KDDI Corp.
Exchange Ticker Symbol / Quick Code: 9433
CUSIP Number / ISIN Code: JP3496400007
Meeting Date: 6/24/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 20th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Issuance of Acquiring Rights with the special conditions, to the people besides shareholders.	For	Yes	Against	Management
4	Amendment on Conditions of Exercising preemptive rights.	For	Yes	Against	Management
5	Electing Four (4) Auditors.	For	Yes	For	Management
6	Granting Retirement Allowance to Retiring Auditors.	For	Yes	Against	Management
7	Granting Retirement Allowance to Retiring Auditors in the view of termination of retirement benefits program.	For	Yes	Against	Management

Issuer Name: The Tokyo Electric Power Co.,
Exchange Ticker Symbol / Quick Code: 9501
CUSIP Number / ISIN Code: JP3585800000
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 15th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Seven (7) Auditors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
5	Proposed Appropriation of Retained Earning.	For	Yes	Against	Management
6	Partial Amendment to the Articles of Incorporation (Part 1).	For	Yes	For	Management
7	Partial Amendment to the Articles of Incorporation (Part 2).	For	Yes	Against	Management
8	Partial Amendment to the Articles of Incorporation (Part 3).	For	Yes	Against	Management
9	Partial Amendment to the Articles of Incorporation (Part 4).	For	Yes	Against	Management

Issuer Name: The Kansai Electric Power Co.,
Exchange Ticker Symbol / Quick Code: 9503
CUSIP Number / ISIN Code: JP3228600007
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 80th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing One (1) Auditor.	For	Yes	Against	Management
4	Granting Retirement Allowance to Retiring Director , and Condolence money to Former Auditor.	For	Yes	Against	Management
5	Partial Amendment to the Articles of Incorporation (Part 1).	For	Yes	Against	Management
6	Partial Amendment to the Articles of Incorporation (Part 2).	For	Yes	Against	Management
7	Partial Amendment to the Articles of Incorporation (Part 3).	For	Yes	Against	Management
8	Partial Amendment to the Articles of Incorporation (Part 4).	For	Yes	Against	Management
9	Partial Amendment to the Articles of Incorporation (Part 5).	For	Yes	Against	Management
10	Partial Amendment to the Articles of Incorporation (Part 6).	For	Yes	Against	Management
11	Partial Amendment to the Articles of Incorporation (Part 7).	For	Yes	Against	Management
12	Proposed Appropriation of Retained Earning.	For	Yes	Against	Management
13	Discharge of Director.	For	Yes	Against	Management
14	Partial Amendment to the Articles of Incorporation (Part 8).	For	Yes	Against	Management
15	Partial Amendment to the Articles of Incorporation (Part 9).	For	Yes	Against	Management
16	Partial Amendment to the Articles of Incorporation (Part 10).	For	Yes	Against	Management
17	Partial Amendment to the Articles of Incorporation (Part 11).	For	Yes	Against	Management
18	Partial Amendment to the Articles of Incorporation (Part 12).	For	Yes	Against	Management
19	Partial Amendment to the Articles of Incorporation (Part 13).	For	Yes	Against	Management
20	Partial Amendment to the Articles of Incorporation (Part 14).	For	Yes	Against	Management

Issuer Name: Secom Co., Ltd.
Exchange Ticker Symbol / Quick Code: 9735
CUSIP Number / ISIN Code: JP3421800008
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 43rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Eleven (11) Directors.	For	Yes	For	Management
4	Granting Retirement Allowance to Retiring Directors.	For	Yes	For	Management

Issuer Name: Hitachi Information Systems,
Exchange Ticker Symbol / Quick Code: 9741
CUSIP Number / ISIN Code: JP3788000002
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
2	Electing Eight (8) Directors.	For	Yes	Against	Management

Issuer Name: TIS Inc.
Exchange Ticker Symbol / Quick Code: 9751
CUSIP Number / ISIN Code: JP3612800007
Meeting Date: 6/25/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 33rd Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Sixteen (16) Directors.	For	Yes	For	Management
4	Electing Three (3) Auditors.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Directors and Auditors.	For	Yes	Against	Management
6	Issuance of Stock Acquisition Rights as Stock Option.	For	Yes	For	Management

Issuer Name: Autobacs Seven Co., Ltd.
Exchange Ticker Symbol / Quick Code: 9832
CUSIP Number / ISIN Code: JP3172500005
Meeting Date: 6/28/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 57th Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Ten (10) Directors.	For	Yes	For	Management
4	Electing One (1) Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Auditors.	For	Yes	Against	Management

Issuer Name: Matsumotokiyoshi Co., Ltd.
Exchange Ticker Symbol / Quick Code: 9875
CUSIP Number / ISIN Code: JP3869000004
Meeting Date: 6/29/04

Agenda Number	Proposal	Mgmt Rec	Vote Cast	Manner Cast	Sponsor
1	Proposed Appropriation of Retained Earning for 51st Business Term.	For	Yes	For	Management
2	Partial Amendment to the Articles of Incorporation.	For	Yes	For	Management
3	Electing Nine (9) Directors.	For	Yes	For	Management
4	Electing Two (2) Auditor.	For	Yes	For	Management
5	Granting Retirement Allowance to Retiring Auditors and Directors and Condolence Money to Former Auditor.	For	Yes	Against	Management

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THE JAPAN EQUITY FUND, INC.

By:	/s/ John O’Keefe
	Name:	John O’Keefe
	Title:	Vice President and Treasurer

Date: October 4, 2004