1801
taisei corporation
大成建設株式会社
Construction
Taisei Corporation engages in the civil engineering, construction, and real estate development businesses in Japan. The company constructs offices, commercial facilities, factories, schools, hospitals, tunnels, bridges, dams, railways, expressways, etc.; and engineers production and development facilities for pharmaceutical and logistics fields. It also involved in the redevelopment, public-private partnership/private finance initiative, property management, in-house development, and condominium sales projects; and provision of planning, surveying, designing, supervising, construction and installation, engineering, management, and consulting services for building works, civil engineering works, plant installation works, and other construction works. In addition, the company engages in the regional, urban, ocean, aerospace, resources development; leasing; soil cleanup, environmental conservation, such as water cleanup of river, lake and harbor, collection, transportation, arrangement, disposal and reuse of wastes, and construction by-products; land, sea, and air transportation business and agency businesses; and acquiring, licensing and sale of industrial property rights, copyrights, etc. Further, it offers information processing, lending money, guaranteeing liabilities, and non-life insurance and life insurance soliciting services; develops, licenses, and sells computer software; and acts as a personnel placement agency. Additionally, the company invests in real-property-related SPCs and real-estate trust funds; and sales and purchases equity interests. The company was formerly known as Nippon Doboku Corporation and changed its name to Taisei Corporation in 1946. Taisei Corporation was founded in 1873 and is headquartered in Tokyo, Japan.
Price
¥14,010
Market Cap
¥2.4T
Ent. Value
¥2.5T
Net Debt
−¥52.3B
Shares Out.
171.8M
P / E
20.5×
EV / EBIT
20.5×
P / Book
2.78×
P / NCAV
33.63×
Div. Yield
1.50%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥2,154.2B | ¥1,765.0B | ¥1,642.7B | ¥1,543.2B |
| Cost of Sales | ¥1,923.1B | ¥1,637.6B | ¥1,494.9B | ¥1,355.5B |
| Gross Profit | ¥231.1B | ¥127.4B | ¥147.8B | ¥187.7B |
| SG&A | ¥111.0B | ¥100.9B | ¥93.0B | ¥91.7B |
| Operating Income | ¥120.2B | ¥26.5B | ¥54.7B | ¥96.1B |
| Non-Operating Income | ¥18.9B | ¥14.7B | ¥9.7B | ¥8.4B |
| Dividend Income | ¥6.1B | ¥6.0B | ¥5.4B | ¥4.7B |
| Interest Income | ¥1.4B | ¥1.3B | ¥543M | ¥1.7B |
| Non-Operating Expenses | ¥4.5B | ¥2.3B | ¥1.3B | ¥1.3B |
| Interest Expense | ¥2.6B | ¥1.1B | ¥861M | ¥910M |
| Ordinary Income | ¥134.5B | ¥38.9B | ¥63.1B | ¥103.2B |
| Pre-tax Income | ¥178.2B | ¥57.1B | ¥68.1B | ¥103.5B |
| Income Taxes | ¥50.3B | ¥15.8B | ¥20.7B | ¥31.9B |
| Current Tax | ¥60.6B | ¥48.5B | ¥28.4B | ¥34.2B |
| Deferred Tax | ¥-10.3B | ¥-32.7B | ¥-7.6B | ¥-2.3B |
| Net Income (owners) | ¥123.8B | ¥40.3B | ¥47.1B | ¥71.4B |
| Minority Interest | ¥4.1B | ¥1.1B | ¥231M | ¥131M |
| Comprehensive Income | ¥46.7B | ¥146.4B | ¥36.6B | ¥74.8B |
| EBITDA | ¥137.1B | ¥39.7B | ¥66.3B | ¥107.0B |
| Goodwill Amort. (J-GAAP) | ¥529M | ¥132M | ¥43M | ¥43M |
| EPS | ¥682.78 | ¥215.75 | ¥241.24 | ¥350.88 |
| Shares Outstanding | 171.8M | 184.5M | 188.5M | 200.5M |
| Shares Issued (total) | 183.2M | 184.8M | 188.8M | 200.8M |
| Treasury Shares | 11.4M | 0.3M | 0.3M | 0.3M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,428.8B | ¥2,583.6B | ¥2,016.7B | ¥1,956.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,599.7B | ¥1,631.2B | ¥1,353.5B | ¥1,296.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥240.7B | ¥434.7B | ¥415.9B | ¥499.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥829.1B | ¥952.5B | ¥663.2B | ¥659.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥246.7B | ¥332.7B | ¥213.3B | ¥207.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥27.5B | ¥27.2B | ¥17.6B | ¥16.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥428.3B | ¥478.2B | ¥386.9B | ¥380.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥38.5B | ¥4.5B | ¥5.9B | ¥3.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,528.1B | ¥1,622.6B | ¥1,182.8B | ¥1,083.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,292.9B | ¥1,302.7B | ¥1,022.7B | ¥926.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥115.2B | ¥110.5B | ¥82.0B | ¥97.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥37.9B | ¥37.1B | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥235.2B | ¥319.9B | ¥160.1B | ¥157.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥177.8B | ¥192.8B | ¥119.6B | ¥106.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥17.4B | ¥18.4B | ¥15.0B | ¥15.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥12.0B | ¥1.7B | ¥12.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥900.7B | ¥961.0B | ¥833.9B | ¥872.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥122.7B | ¥122.7B | ¥122.7B | ¥122.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥30.5B | ¥30.4B | ¥30.4B | ¥30.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥649.2B | ¥558.7B | ¥562.8B | ¥591.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-73.2B | ¥-898M | ¥-906M | ¥-898M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥137.0B | ¥218.4B | ¥114.2B | ¥125.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥729.2B | ¥710.9B | ¥715.0B | ¥743.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥34.5B | ¥31.7B | ¥4.8B | ¥3.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥293.0B | ¥303.3B | ¥201.6B | ¥204.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-52.3B | ¥131.4B | ¥214.4B | ¥294.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥71.6B | ¥8.5B | ¥170.7B | ¥213.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥417 | ¥46 | ¥906 | ¥1,062 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥4,245 | ¥3,854 | ¥3,794 | ¥3,709 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥-13.8B | ¥40.6B | ¥30.1B | ¥80.5B |
| Interest Paid | ¥-2.5B | ¥-1.0B | ¥-879M | ¥-915M |
| Interest Received | ¥9.9B | ¥8.7B | ¥8.1B | ¥7.2B |
| D&A | ¥16.4B | ¥13.1B | ¥11.5B | ¥10.9B |
| Goodwill Amort. | ¥529M | ¥132M | ¥43M | ¥43M |
| Investing CF | ¥10.5B | ¥-138.7B | ¥-14.1B | ¥-37.7B |
| Purchase Investments | ¥-86.6B | ¥-26.8B | ¥-13.6B | ¥-25.9B |
| Financing CF | ¥-133.8B | ¥109.4B | ¥-98.7B | ¥-41.9B |
| Dividends Paid | ¥-23.9B | ¥-24.4B | ¥-25.7B | ¥-26.6B |
| Share Buybacks | ¥-82.1B | ¥-20.0B | ¥-50.0B | ¥-20.0B |
| LT Debt Repaid | ¥-40.2B | ¥-21.1B | ¥-37.5B | ¥-25.4B |
| Free Cash Flow | ¥-13.8B | ¥40.6B | ¥30.1B | ¥80.5B |
| Net Change in Cash | ¥-134.8B | ¥14.9B | ¥-80.9B | ¥2.5B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 13.8% | 4.6% | 5.6% | 8.4% |
| ROA | 4.9% | 1.8% | 2.4% | 3.7% |
| EPS | ¥682.78 | ¥215.75 | ¥241.24 | ¥350.88 |
| DPS | ¥210.00 | ¥130.00 | ¥130.00 | ¥130.00 |
| BPS | ¥5,041.43 | ¥5,039.98 | ¥4,402.01 | ¥4,335.78 |
| FCF/Share | ¥-81 | ¥220 | ¥160 | ¥402 |
| NCAV/Share | ¥417 | ¥46 | ¥906 | ¥1,062 |
| Payout Ratio | 30.8% | 60.3% | 53.9% | 37.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
30,600 | 17.80% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
9,968 | 5.80% |
| 3 |
Business Partner Stock Ownership Plan
大成建設取引先持株会
|
6,244 | 3.63% |
| 4 |
State Street Bank and Trust Company
ステート ストリート バンクアンド トラスト カンパニー505223(常任代理人 株式会社みずほ 銀行)
|
4,830 | 2.81% |
| 5 |
State Street Bank and Trust Company
ステート ストリート バンクアンド トラスト カンパニー505001(常任代理人 株式会社みずほ 銀行)
|
4,371 | 2.54% |
| 6 |
Employee Stock Ownership Plan
大成建設社員持株会
|
3,505 | 2.04% |
| 7 |
State Street Bank and Trust Company
ステート ストリート バンク ウェスト クライアント トリーティー 505234(常任代理人 株式会社みずほ 銀行)
|
3,380 | 1.97% |
| 8 | MSIP CLIENT SECURITIES(常任代理人 モルガン・スタ ンレーMUFG証券株式会社) | 3,184 | 1.85% |
| 9 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
2,847 | 1.66% |
| 10 | 三菱地所株式会社 | 2,426 | 1.41% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
23.6%
+2.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
7.3%
-1.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
10.6%
+2.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.5% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 16.61% | 16.14% | 17.80% +1.66% | |
| State Street | 2.91% | 4.06% | 7.32% +3.26% | |
| Japan Custody Bank 日本カストディ銀行 | 6.10% | 5.23% | 5.80% +0.57% | |
| Business Partner Stock Ownership Plan 大成建設取引先持株会 | 3.21% | 3.33% | 3.63% +0.30% | |
| Employee Stock Ownership Plan 大成建設社員持株会 | 1.99% | 1.97% | 2.04% +0.07% | |
| MSIP CLIENT SECURITIES NEW ENTRY | — | — | — | 1.85% NEW |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 1.51% | 1.54% | 1.66% +0.12% | |
| 三菱地所 NEW ENTRY | — | — | — | 1.41% NEW |
| Northern Trust last seen 2024 | Exited Top 10 | 4.76% | 5.02% | — |
| みずほ銀行 last seen 2024 | Exited Top 10 | 3.11% | 1.55% | — |
| Concentration (HHI) ⓘ | 370 | 349 | 430 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥218,972M
-19% since 2023
Holdings
60
+12 new
11 exited
Trend
22 unwinding
vs 2023
| Held Company | FY2025 ¥218,972M total | FY2023 ¥270,082M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
45,582 |
-14.7%
↓
8,150,000
|
28,478 | 9,550,000 | M |
|
ORIENTAL LAND CO.,LTD.
㈱オリエンタルランド
|
22,087 |
+275.0%
↑
7,500,000
|
45,280 | 2,000,000 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
16,896 |
+155.0%
↑
12,699,000
|
12,370 | 4,980,000 | M |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
15,832 |
-29.7%
↓
6,510,080
|
14,605 | 9,264,780 | M |
|
Hulic Co.,Ltd.
ヒューリック㈱
|
14,597 |
-54.6%
↓
10,158,400
|
24,348 | 22,400,000 | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
12,406 |
+250.0%
↑
4,347,000
|
19,636 | 1,242,000 | |
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング㈱
|
11,229 |
-3.5%
↓
2,731,000
|
18,684 | 2,831,000 | |
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
8,238 |
2,495,100
|
3,390 | 2,495,100 | |
|
Tokyo Tatemono Co., Ltd.
東京建物㈱
|
6,632 |
2,625,000
|
4,239 | 2,625,000 | M |
|
FUJIFILM Holdings Corporation
富士フイルムホールディングス㈱
|
4,693 |
+200.0%
↑
1,650,000
|
3,683 | 550,000 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
4,428 |
+50.0%
↑
1,500,000
|
7,335 | 1,000,000 | |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
4,271 |
-60.0%
↓
560,000
|
4,767 | 1,400,000 | M |
| NIPPON EXPRESS ホールディングス㈱ | 3,278 |
+200.0%
↑
1,205,460
|
3,202 | 401,820 | |
|
Keisei Electric Railway Co.
京成電鉄㈱
|
3,266 |
+200.0%
↑
2,424,000
|
3,292 | 808,000 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
3,194 |
+50.3%
↑
983,000
|
4,126 | 653,897 | M |
|
Keikyu Corporation
京浜急行電鉄㈱
|
3,142 |
+0.8%
↑
2,076,800
|
2,592 | 2,059,566 | |
|
Nippon Television Holdings, Inc.
日本テレビホールディングス㈱
|
3,054 |
1,000,000
|
1,141 | 1,000,000 | |
|
Katakura Industries Co.,Ltd.
片倉工業㈱
|
2,652 |
-14.3%
↓
1,200,000
|
2,598 | 1,400,000 | M |
|
Electric Power Development Co., Ltd.
電源開発㈱
|
2,427 |
-5.0%
↓
958,900
|
2,150 | 1,009,300 | |
|
Keio Corporation
京王電鉄㈱
|
2,373 |
+1.1%
↑
623,556
|
2,865 | 616,839 | |
|
TOBU RAILWAY CO.,LTD.
東武鉄道㈱
|
2,340 |
-50.0%
↓
917,700
|
5,818 | 1,835,400 | M |
|
MATSUYA CO., LTD.
㈱松屋
|
2,021 |
1,900,000
|
2,095 | 1,900,000 | M |
|
Shochiku Co;Ltd.
松竹㈱
|
1,910 |
-50.0%
↓
155,200
|
3,547 | 310,400 | |
|
Yasuda Logistics corporation
安田倉庫㈱
|
1,894 |
-10.0%
↓
1,126,800
|
1,298 | 1,252,000 | |
|
MEIKO TRANS CO.,LTD.
名港海運㈱
|
1,279 |
810,000
|
959 | 810,000 | M |
|
NSK Ltd.
日本精工㈱
|
1,276 |
-50.0%
↓
2,000,000
|
3,024 | 4,000,000 | M |
|
Nippi,Incorporated
㈱ニッピ
|
1,271 |
222,600
|
845 | 222,600 | M |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
1,166 |
+100.0%
↑
400,000
|
1,091 | 200,000 | |
|
Nisshin Oillio Group Co., Ltd.
日清オイリオグループ㈱
|
1,113 |
-50.0%
↓
231,000
|
1,501 | 462,000 | |
|
The Kansai Electric Power Company, Incorporated
関西電力㈱
|
1,101 |
621,200
|
801 | 621,200 | |
|
Keihan Holdings Co.,Ltd.
京阪ホールディングス㈱
|
1,062 |
326,400
|
1,127 | 326,400 | |
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
925 |
-10.0%
↓
335,500
|
1,072 | 372,800 | |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
856 |
-30.0%
↓
268,400
|
1,635 | 383,400 | |
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
837 |
-50.0%
↓
1,070,000
|
995 | 2,140,000 | |
|
MORINAGA MILK INDUSTRY CO.,LTD
森永乳業㈱
|
794 |
+70.0%
↑
255,000
|
715 | 150,000 | |
|
Fuyo General Lease Co., Ltd.
芙蓉総合リース㈱
|
740 |
-50.0%
↓
64,000
|
1,152 | 128,000 | |
|
TOYO ENGINEERING CORPORATION
東洋エンジニアリング㈱
|
693 |
1,000,000
|
565 | 1,000,000 | M |
| 南海電気鉄道㈱ | 691 |
282,000
|
824 | 282,000 | |
|
Chubu Electric Power Company,Incorporated
中部電力㈱
|
633 |
-50.0%
↓
390,200
|
1,091 | 780,300 | |
|
OKAMOTO INDUSTRIES,INC.
オカモト㈱
|
619 |
-16.7%
↓
122,500
|
584 | 147,000 | M |
|
Tokyo Electron Limited
東京エレクトロン㈱
|
603 |
NEW
New
30,000
|
— | ||
|
繧ウ繧ケ繝「繧ィ繝阪Ν繧ョ繝シ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
コスモエネルギーホールディングス㈱
|
576 |
NEW
New
90,000
|
— | ||
|
UBE Corporation
UBE㈱
|
521 |
-20.0%
↓
240,000
|
616 | 300,000 | |
|
Nagoya Railway Co.
名古屋鉄道㈱
|
454 |
-50.0%
↓
261,000
|
1,066 | 522,000 | |
|
Nishi-Nippon Railroad Co.,Ltd.
西日本鉄道㈱
|
453 |
-47.5%
↓
210,700
|
959 | 401,050 | M |
|
Eisai Co., Ltd.
エーザイ㈱
|
435 |
-50.0%
↓
105,000
|
1,575 | 210,000 | |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
399 |
+40.0%
↑
140,000
|
963 | 100,000 | |
|
Noritake Company Limited
ノリタケ㈱
|
385 |
NEW
New
110,000
|
— | M | |
|
Kyushu Railway Company
九州旅客鉄道㈱
|
273 |
NEW
New
75,000
|
— | ||
|
TPR CO .,LTD.
TPR㈱
|
231 |
NEW
New
100,000
|
— | M | |
|
Tokyo Electric Power Company Holdings, Incorporated
東京電力ホールディングス㈱
|
210 |
NEW
New
488,800
|
— | ||
|
TOKYU CORPORATION
東急㈱
|
210 |
NEW
New
125,000
|
— | ||
|
Kyushu Electric Power Company, Incorporated
九州電力㈱
|
171 |
NEW
New
131,000
|
— | ||
|
TSUMURA & CO.
㈱ツムラ
|
167 |
NEW
New
38,900
|
— | M | |
|
Kawai Musical Instruments Manufacturing Co.
㈱河合楽器製作所
|
142 |
NEW
New
50,000
|
— | ||
| 日本化藥㈱ | 127 |
NEW
New
90,000
|
— | ||
|
SAIBO Co.,Ltd.
サイボー㈱
|
117 |
NEW
New
247,700
|
— | ||
|
Tokushu Tokai Paper Co.,Ltd.
特種東海製紙㈱
|
— | — | M | ||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— | — | |||
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
— | — | |||
|
Lion Corporation
ライオン㈱
|
— |
−100%
Exit
—
|
3,577 | 2,500,000 | |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— |
−100%
Exit
—
|
6,798 | 1,835,000 | M |
|
TOC Co.,Ltd
㈱テーオーシー
|
— |
−100%
Exit
—
|
3,048 | 4,800,000 | |
|
TOKYO GAS CO.,LTD.
東京瓦斯㈱
|
— |
−100%
Exit
—
|
2,995 | 1,200,000 | |
|
Ajinomoto Co., Inc.
味の素㈱
|
— |
−100%
Exit
—
|
2,303 | 500,000 | |
|
HEIWA REAL ESTATE CO.,LTD.
平和不動産㈱
|
— |
−100%
Exit
—
|
2,015 | 532,600 | |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— |
−100%
Exit
—
|
1,996 | 1,265,000 | M |
|
Astellas Pharma Inc.
アステラス製薬㈱
|
— |
−100%
Exit
—
|
941 | 500,000 | |
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
— |
−100%
Exit
—
|
622 | 591,400 | |
|
Nippon Signal Company,Limited
日本信号㈱
|
— |
−100%
Exit
—
|
584 | 550,000 | M |
| ㈱ノリタケカンパニーリミテド | — |
−100%
Exit
—
|
504 | 110,000 | M |
| Portfolio total | 218,972 | 270,082 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding