Post-war Gulf region reconstruction-related stocks (mainly oil-producing countries such as Saudi Arabia, UAE, Qatar, Kuwait, etc.)

In the Gulf region after the Iran-Iraq War (primarily Saudi Arabia,UAE, Qatar, Kuwait and other oil-producing countries), reconstruction-related themes are expected to be infrastructure rebuilding (oil and gas facilities, power plants,LNGplants, roads, ports, water supply, etc.).

Japanese companies have historically shown strength in mid- east plant construction and engineering, and past achievements from the Gulf War era and the oil money era remain highly relevant.

However, given the current situation (2026 year3 month-end), the war may be ongoing and potentially prolonged, so the reconstruction is a scenario for "post-ceasefire." Direct reconstruction demand has not yet become evident, but the following Japanese companies can be named as related (mainly plant, construction, and engineering related).

JGC HOLDINGS(1963):Extensive experience in building large-scale plants (oil, gas,LNG) in the Middle East. Many past projects in Iran and Gulf countries, making it one of the strongest candidates for infrastructure reconstruction during recovery.

CHIYODA-KOGYOSSETSU(6366): LNGPlants and gas-related facilities are its strengths. Expected to benefit from the restoration and expansion of energy infrastructure in the Gulf region.