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55-473: As of January 2015, Seibu Holdings' share prices exceed ¥2900 and the company has the highest market capitalization of any Japanese company which owns a private rail network. In 2004, the Seibu Group collapsed due to the revelation that the head of Kokudo (the predecessor of Seibu Holdings), Yoshiaki Tsutsumi , had falsified financial statements for over forty years. The scandal, which involved falsifying

110-513: A dakuten marker ( ゛), a voiceless consonant is turned into a voiced consonant : k → g , ts/s → z , t → d , h/f → b and ch / sh → j (also u → v(u) ). For example, か ( ka ) becomes が ( ga ). Hiragana beginning with an h (or f ) sound can also add a handakuten marker ( ゜) changing the h ( f ) to a p . For example, は ( ha ) becomes ぱ ( pa ). A small version of the hiragana for ya , yu , or yo (ゃ, ゅ or ょ respectively) may be added to hiragana ending in i . This changes

165-785: A 15.5% stake of the business, however, shares began at the lower offering price of ¥1600 when they were relisted on April 23, 2014. The company ended the day at ¥1770 per share. In total, 27.8 million shares (about 8% of Seibu Holding's outstanding stock ) were relisted. It was later revealed that Cerberus had an agreement with their managing underwriter prohibiting them from selling their share in Seibu Holdings until October 2014. The company exceeded its original ¥2300 per share evaluation in June 2014, with its share prices rising to ¥2945 on January 21, 2015. On January 19, 2015, Seibu Holdings' market capitalization of ¥975 billion overtook that of

220-427: A company has 4 million common shares outstanding and the closing price per share is $ 20, its market capitalization is then $ 80 million. If the closing price per share rises to $ 21, the market cap becomes $ 84 million. If it drops to $ 19 per share, the market cap falls to $ 76 million. This is in contrast to mercantile pricing where purchase price, average price and sale price may differ due to transaction costs. Not all of

275-505: A major passenger railway company founded in 1912. The company, which employs over 3,700, owns 176.6 kilometers of track and ninety-two stations in western Tokyo and Saitama . Statistics released by the company for fiscal 2013 state that its railway network serves 1.7 million people daily resulting in an annual revenue of ¥140.7 billion. The hotel chain Prince Hotels is also owned in its entirety by Seibu Holdings. Formed in 1956,

330-503: A value called the embedded value (EV) has been used. It is also used in ranking the relative size of stock exchanges , being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or economic regions may be compared with other economic indicators (e.g. the Buffett indicator ). The total market capitalization of all publicly traded companies in 2023

385-565: Is phonemically orthographic , i.e. there is a one-to-one correspondence between kana characters and sounds, leaving only words' pitch accent unrepresented. This has not always been the case: a previous system of spelling, now referred to as historical kana usage , differed substantially from pronunciation; the three above-mentioned exceptions in modern usage are the legacy of that system. There are two hiragana pronounced ji (じ and ぢ) and two hiragana pronounced zu (ず and づ), but to distinguish them, particularly when typing Japanese , sometimes ぢ

440-480: Is つづく . For compound words where the dakuten reflects rendaku voicing, the original hiragana is used. For example, chi ( 血 'blood') is spelled ち in plain hiragana. When 鼻 hana ('nose') and 血 chi ('blood') combine to make hanaji ( 鼻血 'nose bleed'), the sound of 血 changes from chi to ji . So hanaji is spelled はなぢ . Similarly, tsukau ( 使う/遣う ; 'to use') is spelled つかう in hiragana, so kanazukai ( 仮名遣い ; 'kana use', or 'kana orthography')

495-634: Is also a company board member for Prince Hotels (since 2006) and Seibu Railway (since 2010). Despite paying out ¥5.2 billion in compensation as a result of lawsuits concerning the scandals of 2004, the company made a net profit of ¥16.3 billion in fiscal 2013, an increase of 5% when compared to the previous year. In April 2014, Seibu Holdings was listed on the First Section of the Tokyo Stock Exchange where shares had originally been evaluated at ¥2300. After Cerberus abandoned plans to sell

550-600: Is arranged in a traditional manner, beginning top right and reading columns down. The numbers and arrows indicate the stroke order and direction respectively. Hiragana was added to the Unicode Standard in October, 1991 with the release of version 1.0. The Unicode block for Hiragana is U+3040–U+309F: The Unicode hiragana block contains precomposed characters for all hiragana in the modern set, including small vowels and yōon kana for compound syllables as well as

605-566: Is generally arduous for a contemporary speaker to consciously perceive inazuma as separable into two discrete words. Thus, the default spelling いなずま is used instead of いなづま . Other examples include kizuna ( きずな ) and sakazuki ( さかずき ). Although these rules were officially established by a Cabinet Notice in 1986 revising the modern kana usage , they have sometimes faced criticism due to their perceived arbitrariness. Officially, ぢ and づ do not occur word-initially pursuant to modern spelling rules. There were words such as ぢばん jiban 'ground' in

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660-603: Is included in Unicode 14 as HIRAGANA LETTER ARCHAIC WU (𛄟). Hiragana developed from man'yōgana , Chinese characters used for their pronunciations, a practice that started in the 5th century. The oldest examples of Man'yōgana include the Inariyama Sword , an iron sword excavated at the Inariyama Kofun. This sword is thought to be made in the year 辛亥年 (most commonly taken to be C.E. 471). The forms of

715-532: Is normally treated as its own syllable and is separate from the other n -based kana ( na , ni etc.). ん is sometimes directly followed by a vowel ( a , i , u , e or o ) or a palatal approximant ( ya , yu or yo ). These are clearly distinct from the na , ni etc. syllables, and there are minimal pairs such as きんえん kin'en 'smoking forbidden', きねん kinen 'commemoration', きんねん kinnen 'recent years'. In Hepburn romanization, they are distinguished with an apostrophe, but not all romanization methods make

770-440: Is now completely obsolete. ゔ vu is a modern addition used to represent the /v/ sound in foreign languages such as English, but since Japanese from a phonological standpoint does not have a /v/ sound, it is pronounced as /b/ and mostly serves as a more accurate indicator of a word's pronunciation in its original language. However, it is rarely seen because loanwords and transliterated words are usually written in katakana , where

825-435: Is obscure or too formal for the writing purpose. Words that do have common kanji renditions may also sometimes be written instead in hiragana, according to an individual author's preference, for example to impart an informal feel. Hiragana is also used to write furigana , a reading aid that shows the pronunciation of kanji characters. There are two main systems of ordering hiragana : the old-fashioned iroha ordering and

880-584: Is pronounced [ɕiteiɾɯ] 'is doing'. In archaic forms of Japanese, there existed the kwa ( くゎ [kʷa] ) and gwa ( ぐゎ [ɡʷa] ) digraphs. In modern Japanese, these phonemes have been phased out of usage. For a more thorough discussion on the sounds of Japanese, please refer to Japanese phonology . With a few exceptions, such as for the three particles は (pronounced [wa] instead of [ha] ), へ (pronounced [e] instead of [he] ) and [o] (written を instead of お), Japanese when written in kana

935-597: Is rarely used with hiragana, for example in the word らーめん , rāmen , but this usage is considered non-standard in Japanese. However, the Okinawan language uses chōonpu with hiragana. In informal writing, small versions of the five vowel kana are sometimes used to represent trailing off sounds ( はぁ , haa , ねぇ , nee ). Plain (clear) and voiced iteration marks are written in hiragana as ゝ and ゞ, respectively. These marks are rarely used nowadays. The following table shows

990-478: Is sometimes heard. Large caps have a slow growth rate as compared to small caps. Different numbers are used by different indexes; there is no official definition of, or full consensus agreement about, the exact cutoff values. The cutoffs may be defined as percentiles rather than in nominal dollars . The definitions expressed in nominal dollars need to be adjusted over decades due to inflation , population change, and overall market valuation (for example, $ 1 billion

1045-403: Is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure , and does not reflect management's decision as to how much debt (or leverage ) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms,

1100-505: Is spelled かなづかい in hiragana. However, there are cases where ぢ and づ are not used, such as the word for 'lightning', inazuma ( 稲妻 ). The first component, 稲 , meaning 'rice plant', is written いな ( ina ). The second component, 妻 (etymologically 夫 ), meaning 'spouse', is pronounced つま ( tsuma ) when standalone or often as づま (zuma) when following another syllable, such in 人妻 ( hitozuma , 'married woman'). Even though these components of 稲妻 are etymologically linked to 'lightning', it

1155-531: Is used to add the diacritics to kana that are not normally used with them, for example applying the dakuten to a pure vowel or the handakuten to a kana not in the h-group. Characters U+3095 and U+3096 are small か ( ka ) and small け ( ke ), respectively. U+309F is a ligature of より ( yori ) occasionally used in vertical text. U+309B and U+309C are spacing (non-combining) equivalents to the combining dakuten and handakuten characters, respectively. Historic and variant forms of Japanese kana characters were first added to

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1210-437: Is written as di and づ is written as du . These pairs are not interchangeable. Usually, ji is written as じ and zu is written as ず. There are some exceptions. If the first two syllables of a word consist of one syllable without a dakuten and the same syllable with a dakuten , the same hiragana is used to write the sounds. For example, chijimeru ('to boil down' or 'to shrink') is spelled ちぢめる and tsuzuku ('to continue')

1265-481: The Japanese language is represented by one character (or one digraph) in each system. This may be a vowel such as /a/ (hiragana あ ); a consonant followed by a vowel such as /ka/ ( か ); or /N/ ( ん ), a nasal sonorant which, depending on the context and dialect, sounds either like English m , n or ng ( [ ŋ ] ) when syllable-final or like the nasal vowels of French , Portuguese or Polish . Because

1320-503: The Tokyu Corporation . Consequently, Seibu Holdings attained the highest market capitalization of any Japanese company which owns a private rail network. Seibu Holdings is a holding company which has ownership over fifty-three companies. The companies that are affiliated with Seibu Holdings are collectively known as the Seibu Group. As of March 2014, it directly employs 371 people. Seibu Holdings entirely owns Seibu Railway ,

1375-512: The Unicode Standard in October, 2010 with the release of version 6.0, with significantly more added in 2017 as part of Unicode 10. The Unicode block for Kana Supplement is U+1B000–U+1B0FF, and is immediately followed by the Kana Extended-A block (U+1B100–U+1B12F). These blocks include mainly hentaigana (historic or variant hiragana): The Unicode block for Kana Extended-B is U+1AFF0–U+1AFFF: The Unicode block for Small Kana Extension

1430-428: The g sound (normally [ɡ] ) may turn into a velar nasal [ŋ] or velar fricative [ɣ] . For example, かぎ ( kagi , key) is often pronounced [kaŋi] . However, じゅうご ( jūgo , fifteen) is pronounced as if it was jū and go stacked end to end: [d͡ʑɯːɡo] . In many accents, the j and z sounds are pronounced as affricates ( [d͡ʑ] and [d͡z] , respectively) at the beginning of utterances and fricatives [ʑ, z] in

1485-400: The historical kana usage , but they were unified under じ in the modern kana usage in 1946, so today it is spelled exclusively じばん . However, づら zura 'wig' (from かつら katsura ) and づけ zuke (a sushi term for lean tuna soaked in soy sauce) are examples of word-initial づ today. No standard Japanese words begin with the kana ん ( n ). This is the basis of the word game shiritori . ん n

1540-489: The i vowel sound to a glide ( palatalization ) to a , u or o . For example, き ( ki ) plus ゃ (small ya ) becomes きゃ ( kya ). Addition of the small y kana is called yōon . A small tsu っ, called a sokuon , indicates that the following consonant is geminated (doubled). In Japanese this is an important distinction in pronunciation; for example, compare さか , saka , "hill" with さっか , sakka , "author". However, it cannot be used to double an n – for this purpose,

1595-454: The 50 theoretically possible combinations, yi , ye , and wu are completely unused. On the w row, ゐ and ゑ , pronounced [i] and [e] respectively, are uncommon in modern Japanese, while を , pronounced [o] , is common as a particle but otherwise rare. Strictly speaking, the singular consonant ん ( n ) is considered as outside the gojūon . These basic characters can be modified in various ways. By adding

1650-465: The advent of kana ), but is generally represented for purposes of reconstruction by the kanji 江, and its hiragana form is not present in any known orthography. In modern orthography, ye can also be written as いぇ (イェ in katakana ). While hiragana and katakana letters for "ye" were used for a short period after the advent of kana, the distinction between /ye/ and /e/ disappeared before glyphs could become established. It has not been demonstrated whether

1705-600: The chain caters largely for the Japanese tourism market with fifty hotels within the country but also has a limited number of overseas resorts in Hawaii , Taiwan and Malaysia . Statistics released by the company state that, at the end of the 2013 fiscal year, there were 6,737 employees and that its capital stock was ¥3.6 billion. Seibu Holdings has announced plans for Prince Hotels offices to be established in Taiwan by October 2014 in order to cater for Taiwanese tourists, with whom

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1760-406: The chain has proved most popular in terms of international tourist numbers. A diverse range of enterprises including: pet care, transportation and real estate are affiliated with Seibu Holdings. Some of Seibu Holdings' subsidiaries have subsidiaries themselves. For example: Seibu Hire, Seibu Kankō Bus, Seibu Sōgōkikaku and Seibu Kōgen Bus are all subsidiaries of Seibu Bus. The table below details

1815-458: The characters of the kana do not represent single consonants (except in the case of the aforementioned ん), the kana are referred to as syllabic symbols and not alphabetic letters. Hiragana is used to write okurigana (kana suffixes following a kanji root, for example to inflect verbs and adjectives), various grammatical and function words including particles , and miscellaneous other native words for which there are no kanji or whose kanji form

1870-441: The companies affiliated with Seibu Holdings listed in Japanese hiragana order. Market capitalization Market capitalization , sometimes referred to as market cap , is the total value of a publicly traded company 's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Market capitalization

1925-414: The complete hiragana together with the modified Hepburn romanization and IPA transcription, arranged in four categories, each of them displayed in the gojūon order. Those whose romanization are in bold do not use the initial consonant for that row. For all syllables besides ん, the pronunciation indicated is for word-initial syllables; for mid-word pronunciations see below. In the middle of words,

1980-425: The corresponding character would be written as ヴ. The digraphs ぢゃ , ぢゅ , ぢょ for ja / ju / jo are theoretically possible in rendaku , but are nearly never used in modern kana usage ; for example, the word 夫婦茶碗 , meoto-jawan (couple bowls), spelled めおとぢゃわん , where 茶碗 alone is spelled ちゃわん ( chawan ). The みゅ myu kana is extremely rare in originally Japanese words; linguist Haruhiko Kindaichi raises

2035-404: The diphthongs ou and ei are usually pronounced [oː] (long o) and [eː] (long e) respectively. For example, とうきょう (lit. toukyou ) is pronounced [toːkʲoː] 'Tokyo', and せんせい sensei is [seɯ̃seː] 'teacher'. However, とう tou is pronounced [toɯ] 'to inquire', because the o and u are considered distinct, u being the verb ending in the dictionary form. Similarly, している shite iru

2090-451: The distinction. For example, past prime minister Junichiro Koizumi 's first name is actually じゅんいちろう Jun'ichirō pronounced [dʑɯɰ̃itɕiɾoː] There are a few hiragana that are rarely used. Outside of Okinawan orthography, ゐ wi [i] and ゑ we [e] are only used in some proper names. 𛀁 e was an alternate version of え e before spelling reform, and was briefly reused for ye during initial spelling reforms, but

2145-474: The example of the Japanese family name Omamyūda ( 小豆生田 ) and claims it is the only occurrence amongst pure Japanese words. Its katakana counterpart is used in many loanwords, however. On the row beginning with わ /wa/, the hiragana ゐ /wi/ and ゑ /we/ are both quasi-obsolete, only used in some names. They are usually respectively pronounced [i] and [e]. In modified Hepburn romanization, they are generally written i and e . It has not been demonstrated whether

2200-421: The hiragana originate from the cursive script style of Chinese calligraphy . The table to the right shows the derivation of hiragana from manyōgana via cursive script. The upper part shows the character in the regular script form, the center character in red shows the cursive script form of the character, and the bottom shows the equivalent hiragana. The cursive script forms are not strictly confined to those in

2255-510: The illustration. When it was first developed, hiragana was not accepted by everyone. The educated or elites preferred to use only the kanji system. Historically, in Japan, the regular script ( kaisho ) form of the characters was used by men and called otokode ( 男手 ) , "men's writing", while the cursive script ( sōsho ) form of the kanji was used by women. Hence hiragana first gained popularity among women, who were generally not allowed access to

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2310-453: The middle of words. For example, すうじ sūji [sɯːʑi] 'number', ざっし zasshi [d͡zaɕɕi] 'magazine'. The singular n is pronounced [m] before m , b and p , [n] before t , ch , ts , n , r , z , j and d , [ŋ] before k and g , [ɴ] at the end of utterances, and some kind of high nasal vowel [ɰ̃] before vowels, palatal approximants ( y ), and fricative consonants ( s , sh , h , f and w ). In kanji readings,

2365-585: The mora /ji/ existed in old Japanese. Though ye did appear in some textbooks during the Meiji period along with another kana for yi in the form of cursive 以. Today it is considered a Hentaigana by scholars and is encoded in Unicode 10 ( 𛀆 ) This kana could have a colloquial use, to convert the combo yui (ゆい) into yii ( 𛀆 い), due to other Japanese words having a similar change. An early, now obsolete, hiragana-esque form of ye may have existed ( 𛀁 [je] ) in pre-Classical Japanese (prior to

2420-415: The mora /wu/ existed in old Japanese. However, hiragana wu also appeared in different Meiji-era textbooks ( [REDACTED] ). Although there are several possible source kanji, it is likely to have been derived from a cursive form of the man'yōgana 汙 , although a related variant sometimes listed ( [REDACTED] ) is from a cursive form of 紆 . However, it was never commonly used. This character

2475-571: The more prevalent gojūon ordering. After the 1900 script reform , which deemed hundreds of characters hentaigana , the hiragana syllabary consists of 48 base characters, of which two ( ゐ and ゑ ) are only used in some proper names: These are conceived as a 5×10 grid ( gojūon , 五十音 , "Fifty Sounds"), as illustrated in the adjacent table, read あ ( a ), い ( i ), う ( u ), え ( e ), お ( o ), か ( ka ), き ( ki ), く ( ku ), け ( ke ), こ ( ko ) and so forth (but si → shi , ti → chi , tu → tsu , hu → fu , wi → i , we → e , wo → o ). Of

2530-513: The outstanding shares trade on the open market. The number of shares trading on the open market is called the float. It is equal to or less than N because N includes shares that are restricted from trading. The free-float market cap uses just the floating number of shares in the calculation, generally resulting in a smaller number. Traditionally, companies were divided into large-cap, mid-cap, and small-cap . The terms mega-cap and micro-cap have since come into common use, and nano-cap

2585-598: The ownership of Kokudo's share holdings in Seibu Railway, was compounded by the increased competition faced by Prince Hotels in the hotel and leisure market as well as an additional pay-off scandal involving a corporate racketeer. Seibu Railway was consequently delisted from the Tokyo Stock Exchange in December 2004 after shares fell to ¥400 from a peak of ¥8000. As a response to this, Seibu Holdings

2640-407: The rare ゐ wi and ゑ we ; the archaic 𛀁 ye is included in plane 1 at U+1B001 (see below). All combinations of hiragana with dakuten and handakuten used in modern Japanese are available as precomposed characters (including the rare ゔ vu ), and can also be produced by using a base hiragana followed by the combining dakuten and handakuten characters (U+3099 and U+309A, respectively). This method

2695-470: The same levels of education as men, thus hiragana was first widely used among court women in the writing of personal communications and literature. From this comes the alternative name of onnade ( 女手 ) "women's writing". For example, The Tale of Genji and other early novels by female authors used hiragana extensively or exclusively. Even today, hiragana is felt to have a feminine quality. Male authors came to write literature using hiragana. Hiragana

2750-470: The singular n (ん) is added in front of the syllable, as in みんな ( minna , "all"). The sokuon also sometimes appears at the end of utterances, where it denotes a glottal stop , as in いてっ! ( [iteʔ] , "Ouch!"). Two hiragana have pronunciations that depend on the context: Hiragana usually spells long vowels with the addition of a second vowel kana; for example, おかあさん ( o-ka-a-sa-n , "mother"). The chōonpu (long vowel mark) (ー) used in katakana

2805-567: Was a large market cap in 1950, but it is not very large now), and market caps are likely to be different country to country. Hiragana Hiragana ( 平仮名 , ひらがな , IPA: [çiɾaɡaꜜna, çiɾaɡana(ꜜ)] ) is a Japanese syllabary , part of the Japanese writing system , along with katakana as well as kanji . It is a phonetic lettering system. The word hiragana means "common" or "plain" kana (originally also "easy", as contrasted with kanji). Hiragana and katakana are both kana systems. With few exceptions, each mora in

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2860-421: Was approximately US$ 111 trillion. Total market capitalization of all publicly traded companies in the world from 1975 to 2020. Market cap is given by the formula MC = N × P {\textstyle {\text{MC}}=N\times P} , where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. For example, if

2915-517: Was founded on February 3, 2006, with the aim of restructuring the group following an investment of ¥100 billion from the American private equity firm Cerberus Capital Management . Tsutsumi, having pleaded guilty to the fraud charges in 2005, retained a 5% stake in Seibu Holdings having previously owned a 36% stake in Kokudo. The company has been directed by Takashi Gotō since its creation in 2006. He

2970-505: Was more than one possible hiragana. In 1900, the system was simplified so each syllable had only one hiragana. The deprecated hiragana are now known as hentaigana ( 変体仮名 ) . The pangram poem Iroha -uta ("ABC song/poem"), which dates to the 10th century, uses every hiragana once (except n ん, which was just a variant of む before the Muromachi era ). The following table shows the method for writing each hiragana character. The table

3025-423: Was used for unofficial writing such as personal letters, while katakana and kanji were used for official documents. In modern times, the usage of hiragana has become mixed with katakana writing. Katakana is now relegated to special uses such as recently borrowed words (i.e., since the 19th century), names in transliteration , the names of animals, in telegrams, and for emphasis. Originally, for all syllables there

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