A wealth management firm has JPY 86 billion in assets under management. The portfolio manager computes the daily VaR at various confidence levels as follows:

| Confidence Level | VaR (JPY) |

|------------------|------------------|

| 95.0% | 397,463,000 |

| 95.5% | 401,682,500 |

| 96.0% | 406,224,500 |

| 96.5% | 418,453,000 |

| 97.0% | 428,934,000 |

| 97.5% | 439,415,500 |

| 98.0% | 451,993,000 |

| 98.5% | 468,763,000 |

| 99.0% | 490,773,000 |

| 99.5% | 524,663,000 |

What is the closest estimate of the daily ES at the 97.5% confidence level?