1803
SHIMIZU CORPORATION
清水建設株式会社
Industrials · Engineering & Construction
Shimizu Corporation, together with its subsidiaries, engages in the construction, development, engineering, and life cycle valuation businesses in Japan and internationally. The company offers plans, designs, builds, repairs, manages, operates, and maintains offices, plants, schools, hospitals, and other buildings; designs, builds, and renovates tunnels, bridges, dams, urban infrastructure, and energy and other public facilities; provides construction for manufacturing facilities, high-rise buildings, hospitals, bridges, subways, and other projects; and develops and rents real estate properties. It also provides engineering, procurement, and construction services in solar and wind power projects, environmental clean-up engineering, turn-key order fulfillment of plants, and ICT systems and engineering projects. In addition, the company offers facility operation and management services; and generates power from wooden biomass. Further, the company engages in the lease and sale of construction equipment; provision of interior finishing and rebar works; insurance agency, security, and travel agency businesses; money lending activities; and rental of various tower cranes, crawler cranes, and other construction machinery and equipment. Additionally, it involved in road construction and paving work; development, sale, and leasing of computer software; planning and management of sports facilities; landscaping of parks, green spaces, and gardens, etc. Shimizu Corporation was founded in 1804 and is headquartered in Tokyo, Japan.
Price
¥2,682
Market Cap
¥1.8T
Ent. Value
¥2.0T
Net Debt
−¥207.8B
Shares Out.
682.3M
P / E
28.3×
EV / EBIT
28.7×
P / Book
2.13×
P / NCAV
N/M
Div. Yield
1.42%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥1,944.4B | ¥2,005.5B | ¥1,933.8B | ¥1,483.0B |
| Cost of Sales | ¥1,748.9B | ¥1,916.0B | ¥1,772.8B | ¥1,343.3B |
| Gross Profit | ¥195.5B | ¥89.5B | ¥161.0B | ¥139.7B |
| SG&A | ¥124.4B | ¥114.2B | ¥106.4B | ¥94.5B |
| Operating Income | ¥71.0B | ¥-24.7B | ¥54.6B | ¥45.1B |
| Non-Operating Income | ¥11.7B | ¥14.3B | ¥8.8B | ¥10.5B |
| Dividend Income | ¥6.1B | ¥5.0B | ¥5.0B | ¥5.3B |
| Interest Income | ¥3.5B | ¥2.5B | ¥955M | ¥673M |
| Non-Operating Expenses | ¥11.1B | ¥9.4B | ¥6.9B | ¥5.2B |
| Interest Expense | ¥6.0B | ¥5.7B | ¥4.0B | ¥2.7B |
| Ordinary Income | ¥71.7B | ¥-19.8B | ¥56.5B | ¥50.4B |
| Pre-tax Income | ¥108.4B | ¥33.5B | ¥75.3B | ¥64.7B |
| Income Taxes | ¥38.0B | ¥12.7B | ¥23.9B | ¥17.1B |
| Current Tax | ¥31.3B | ¥41.0B | ¥30.2B | ¥30.0B |
| Deferred Tax | ¥6.7B | ¥-28.3B | ¥-6.3B | ¥-12.8B |
| Net Income (owners) | ¥66.0B | ¥17.2B | ¥49.1B | ¥47.8B |
| Minority Interest | ¥4.4B | ¥3.6B | ¥2.4B | ¥-183M |
| Comprehensive Income | ¥28.0B | ¥83.1B | ¥45.0B | ¥49.3B |
| EBITDA | ¥104.5B | ¥5.6B | ¥80.4B | ¥65.4B |
| EPS | ¥94.80 | ¥23.57 | ¥66.29 | ¥64.09 |
| Shares Outstanding | 682.3M | 714.3M | 740.9M | 735.5M |
| Shares Issued (total) | 716.7M | 743.7M | 788.5M | 788.5M |
| Treasury Shares | 34.3M | 29.3M | 47.6M | 53.0M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,523.8B | ¥2,538.8B | ¥2,448.0B | ¥2,128.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,517.1B | ¥1,470.7B | ¥1,453.9B | ¥1,150.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥294.2B | ¥270.3B | ¥372.8B | ¥250.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | ¥989M | ¥972M | ¥711M | ¥649M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,006.7B | ¥1,068.1B | ¥994.1B | ¥978.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥628.7B | ¥638.6B | ¥635.2B | ¥614.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥34.0B | ¥22.2B | ¥21.5B | ¥21.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥299.5B | ¥373.0B | ¥313.0B | ¥326.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥22.4B | ¥13.2B | ¥9.2B | ¥2.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,600.0B | ¥1,590.7B | ¥1,540.7B | ¥1,253.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,208.4B | ¥1,188.4B | ¥1,086.1B | ¥848.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥243.6B | ¥242.1B | ¥225.7B | ¥130.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥391.6B | ¥402.3B | ¥454.6B | ¥405.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥258.4B | ¥256.9B | ¥264.8B | ¥209.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥42.4B | ¥38.7B | ¥60.2B | ¥55.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥2.0B | ¥2.2B | ¥1.5B | ¥7.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥923.8B | ¥948.1B | ¥907.3B | ¥875.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥74.4B | ¥74.4B | ¥74.4B | ¥74.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥43.6B | ¥43.6B | ¥43.7B | ¥43.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥612.2B | ¥586.8B | ¥625.3B | ¥592.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-36.9B | ¥-27.5B | ¥-41.3B | ¥-43.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥166.8B | ¥211.3B | ¥150.5B | ¥157.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥693.2B | ¥677.2B | ¥702.1B | ¥667.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥63.7B | ¥59.5B | ¥54.7B | ¥50.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥501.9B | ¥499.0B | ¥490.4B | ¥340.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-207.8B | ¥-228.8B | ¥-117.7B | ¥-90.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-82.9B | ¥-120.0B | ¥-86.8B | ¥-103.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-122 | ¥-168 | ¥-117 | ¥-140 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,016 | ¥948 | ¥948 | ¥907 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥159.1B | ¥-21.3B | ¥83.8B | ¥77.8B |
| Interest Paid | ¥-6.1B | ¥-5.6B | ¥-3.9B | ¥-2.8B |
| Interest Received | ¥9.7B | ¥7.5B | ¥6.2B | ¥6.5B |
| D&A | ¥33.5B | ¥30.3B | ¥25.8B | ¥20.2B |
| Investing CF | ¥7.8B | ¥-5.4B | ¥-52.4B | ¥-89.3B |
| CapEx | ¥34.1B | ¥57.7B | ¥68.6B | ¥109.8B |
| Financing CF | ¥-71.1B | ¥-24.0B | ¥65.6B | ¥19.6B |
| Dividends Paid | ¥-16.9B | ¥-17.6B | ¥-16.2B | ¥-22.3B |
| Share Buybacks | ¥-34.5B | ¥-25.5B | ¥-1M | ¥-20.1B |
| LT Debt Repaid | ¥-23.7B | ¥-22.2B | ¥-25.0B | ¥-17.9B |
| Free Cash Flow | ¥125.0B | ¥-79.0B | ¥15.3B | ¥-32.0B |
| Net Change in Cash | ¥98.9B | ¥-47.5B | ¥99.6B | ¥10.8B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 7.6% | 2.0% | 5.9% | 5.8% |
| ROA | 2.6% | 0.7% | 2.1% | 2.2% |
| EPS | ¥94.80 | ¥23.57 | ¥66.29 | ¥64.09 |
| DPS | ¥38.00 | ¥20.00 | ¥21.00 | ¥23.00 |
| BPS | ¥1,260.48 | ¥1,243.88 | ¥1,150.70 | ¥1,116.89 |
| FCF/Share | ¥183 | ¥-111 | ¥21 | ¥-43 |
| NCAV/Share | ¥-122 | ¥-168 | ¥-117 | ¥-140 |
| Payout Ratio | 40.1% | 84.9% | 31.7% | 35.9% |
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)
|
98,295 | 14.41% |
| 2 | 清水地所株式会社 | 82,730 | 12.12% |
| 3 | 社会福祉法人清水基金 | 38,767 | 5.68% |
| 4 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
34,873 | 5.11% |
| 5 |
Employee Stock Ownership Plan
清水建設グループ従業員持株会
|
17,463 | 2.56% |
| 6 | 一般財団法人住総研 | 17,420 | 2.55% |
| 7 |
Fukoku Mutual Life Insurance
富国生命保険相互会社
|
13,552 | 1.99% |
| 8 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行)
|
13,016 | 1.91% |
| 9 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632 (常任代理人 株式会社みずほ銀行)
|
10,058 | 1.47% |
| 10 |
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
10,000 | 1.47% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
19.5%
+0.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.4%
+1.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
26.4%
+0.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 49.3% · 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 | 14.79% | 14.18% | 14.41% +0.23% | |
| 清水地所 | 9.86% | 10.86% | 12.12% +1.26% | |
| 社会福祉法人清水基金 | 5.22% | 5.42% | 5.68% +0.26% | |
| Japan Custody Bank 日本カストディ銀行 | 4.77% | 4.95% | 5.11% +0.16% | |
| Employee Stock Ownership Plan 清水建設グループ従業員持株会 | 2.47% | 2.50% | 2.56% +0.06% | |
| 一般財団法人住総研 | 2.35% | 2.44% | 2.55% +0.11% | |
| Fukoku Mutual Life Insurance 富国生命保険相互会社 | 1.42% | 1.69% | 1.99% +0.30% | |
| State Street | 1.38% | 1.87% | 1.91% +0.04% | |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 | — | 1.40% | 1.47% +0.07% | |
| JP Morgan NEW ENTRY | — | — | — | 1.47% NEW |
| Dai-ichi Life Insurance 第一生命保険 last seen 2024 | Exited Top 10 | 1.43% | 1.48% | — |
| Northern Trust last seen 2023 | Exited Top 10 | 2.85% | — | — |
| Concentration (HHI) ⓘ | 392 | 396 | 438 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥233,004M
-8% since 2023
Holdings
68
+19 new
19 exited
Trend
10 unwinding
vs 2023
| Held Company | FY2025 ¥233,004M total | FY2023 ¥254,247M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
36,354 |
-13.3%
↓
6,500,000
|
22,365 | 7,500,000 | M |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
35,825 |
-10.0%
↓
14,731,080
|
25,803 | 16,367,780 | M |
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
13,264 |
6,200,000
|
9,188 | 6,200,000 | |
|
ORIENTAL LAND CO.,LTD.
㈱オリエンタルランド
|
13,252 |
+65.0%
↑
4,500,000
|
61,761 | 2,728,000 | |
|
ADVANTEST CORPORATION
㈱アドバンテスト
|
13,202 |
+300.0%
↑
2,040,000
|
6,201 | 510,000 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱ (注3)
|
9,701 |
NEW
New
7,291,500
|
— | ||
| 第一生命ホールディングス㈱ | 9,566 |
-50.0%
↓
2,110,900
|
10,279 | 4,221,700 | |
| ㈱八十二銀行 | 7,493 |
NEW
New
7,096,000
|
— | M | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
7,080 |
+232.5%
↑
2,481,000
|
11,797 | 746,200 | |
|
譬ェ蠑丈シ夂、セ�シウ�ス呻ス趣ス難ス撰ス��ス��ス費ス会ス厄ス�
㈱Synspective
|
5,312 |
NEW
New
6,944,400
|
— | ||
|
Kabukiza Co.
㈱歌舞伎座
|
4,712 |
1,047,250
|
4,979 | 1,047,250 | M |
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
4,669 |
-33.3%
↓
1,414,100
|
2,882 | 2,121,100 | |
|
Shochiku Co;Ltd.
松竹㈱
|
4,542 |
369,000
|
4,217 | 369,000 | |
|
Iyogin Holdings,Inc.
㈱いよぎんホールディングス
|
3,818 |
2,172,000
|
1,633 | 2,172,000 | |
|
Citizen Watch Co., Ltd.
シチズン時計㈱
|
3,682 |
4,128,000
|
3,211 | 4,128,000 | |
|
Yamaguchi Finacial Group,Inc.
㈱山口フィナンシャルグループ
|
3,571 |
2,033,000
|
1,650 | 2,033,000 | |
|
Keisei Electric Railway Co.
京成電鉄㈱ (注4)
|
3,390 |
NEW
New
2,515,900
|
— | ||
|
Imperial Hotel, Ltd.
㈱帝国ホテル
|
3,129 |
+40.0%
↑
3,500,000
|
4,792 | 2,500,000 | |
|
IHI Corporation
㈱IHI
|
3,096 |
300,000
|
996 | 300,000 | M |
|
SEIKO GROUP CORPORATION
セイコーグループ㈱
|
3,077 |
744,200
|
2,154 | 744,200 | |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
2,888 |
3,930,000
|
1,458 | 3,930,000 | M |
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング㈱
|
2,878 |
-30.0%
↓
700,000
|
6,600 | 1,000,000 | |
|
Electric Power Development Co., Ltd.
電源開発㈱
|
2,461 |
972,000
|
2,071 | 972,000 | M |
|
The Chiba Bank, Ltd.
㈱千葉銀行
|
2,444 |
1,747,000
|
1,493 | 1,747,000 | M |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫㈱
|
2,429 |
749,800
|
1,666 | 749,800 | M |
|
Keikyu Corporation
京浜急行電鉄㈱
|
2,276 |
+1.2%
↑
1,504,300
|
1,871 | 1,486,300 | |
|
SEIKO EPSON CORPORATION
セイコーエプソン㈱
|
2,147 |
-40.0%
↓
900,000
|
2,821 | 1,500,000 | |
|
MITSUBISHI PENCIL CO.,LTD.
三菱鉛筆㈱
|
1,338 |
528,000
|
858 | 528,000 | |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
1,332 |
-50.0%
↓
821,000
|
1,561 | 1,642,000 | |
|
Kurita Water Industries Ltd.
栗田工業㈱
|
1,300 |
283,300
|
1,711 | 283,300 | |
|
Nikkiso Co.
日機装㈱
|
1,275 |
1,000,000
|
940 | 1,000,000 | |
|
Yamatane Corporation
㈱ヤマタネ
|
1,179 |
NEW
New
300,000
|
— | M | |
|
The Sumitomo Warehouse Co.,Ltd.
㈱住友倉庫
|
1,141 |
413,000
|
898 | 413,000 | M |
|
MAX CO., LTD.
マックス㈱
|
1,073 |
253,000
|
536 | 253,000 | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
1,071 |
-50.0%
↓
264,518
|
993 | 528,918 | |
|
Keio Corporation
京王電鉄㈱
|
1,071 |
+2.0%
↑
281,400
|
1,281 | 275,900 | |
|
NISSHIN SEIFUN GROUP INC.
㈱日清製粉グループ本社
|
1,046 |
-50.0%
↓
605,000
|
1,876 | 1,210,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
1,031 |
NEW
New
513,000
|
— | ||
|
Kyushu Railway Company
九州旅客鉄道㈱
|
1,011 |
277,100
|
817 | 277,100 | |
|
TAKASAGO INTERNATIONAL CORPORATION
高砂香料工業㈱
|
890 |
NEW
New
140,000
|
— | ||
|
Nishi-Nippon Railroad Co.,Ltd.
西日本鉄道㈱
|
872 |
+2.0%
↑
405,900
|
951 | 397,900 | |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
828 |
259,600
|
1,107 | 259,600 | |
|
JAPAN TOBACCO INC.
日本たばこ産業㈱
|
822 |
200,000
|
559 | 200,000 | |
|
譬ェ蠑丈シ夂、セ繧「繧ケ繝医Ο繧ケ繧ア繝シ繝ォ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
㈱アストロスケールホールディングス
|
779 |
NEW
New
1,092,300
|
— | ||
|
seiren co.,ltd.
セーレン㈱
|
735 |
-45.5%
↓
300,000
|
1,282 | 550,000 | M |
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒 (注3)
|
696 |
NEW
New
400,000
|
— | M | |
|
譬ェ蠑丈シ夂、セ�ス会ス難ス撰ス��ス��ス�
㈱ispace
|
659 |
NEW
New
873,960
|
— | ||
|
TOKYU CORPORATION
東急㈱
|
642 |
+2.0%
↑
381,200
|
658 | 373,900 | |
|
Keihan Holdings Co.,Ltd.
京阪ホールディングス㈱
|
611 |
187,800
|
648 | 187,800 | |
|
Nisshinbo Holdings Inc.
日清紡ホールディングス㈱
|
579 |
637,000
|
644 | 637,000 | |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱ (注3)
|
556 |
NEW
New
123,000
|
— | ||
|
KUBOTA CORPORATION
㈱クボタ
|
549 |
300,000
|
599 | 300,000 | M |
|
ADEKA CORPORATION
㈱ADEKA
|
548 |
NEW
New
204,000
|
— | ||
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
518 |
NEW
New
299,500
|
— | ||
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
513 |
NEW
New
127,000
|
— | ||
|
SINFONIA TECHNOLOGY CO., LTD.
シンフォニアテクノロジー㈱
|
446 |
NEW
New
74,600
|
— | M | |
|
Kyodo Printing Co., Ltd.
共同印刷㈱
|
436 |
NEW
New
105,900
|
— | M | |
|
Chubu Electric Power Company,Incorporated
中部電力㈱
|
433 |
NEW
New
267,200
|
— | ||
| 日本発条㈱ | 387 |
NEW
New
241,000
|
— | ||
|
TOEI COMPANY,LTD.
東映㈱ (注3)
|
379 |
NEW
New
75,000
|
— | M | |
|
Tokyo Electric Power Company Holdings, Incorporated
東京電力ホールディングス㈱
|
— | — | |||
|
Daishowa Paper Manufacturing Co., Ltd.
大王製紙㈱
|
— | — | |||
|
TOKYO GAS CO.,LTD.
東京瓦斯㈱
|
— | — | M | ||
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス㈱
|
— | — | |||
| NIPPON EXPRESS ホールディングス㈱ | — | — | |||
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
— | — | |||
|
NICHIREI CORPORATION
㈱ニチレイ
|
— | — | |||
|
ANRITSU CORPORATION
アンリツ㈱
|
— | — | |||
|
HONDA MOTOR CO., LTD.
本田技研工業㈱
|
— |
−100%
Exit
—
|
3,510 | 1,000,000 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
5,501 | 750,000 | |
|
Kao Corporation
花王㈱
|
— |
−100%
Exit
—
|
2,583 | 500,000 | |
|
EBARA CORPORATION
㈱荏原製作所
|
— |
−100%
Exit
—
|
1,223 | 199,600 | |
|
Lion Corporation
ライオン㈱
|
— |
−100%
Exit
—
|
2,146 | 1,500,000 | |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
1,637 | 300,000 | |
|
JFE Holdings,Inc.
JFEホールディングス㈱
|
— |
−100%
Exit
—
|
718 | 428,096 | |
|
TOKYU CONSTRUCTION CO.,LTD.
東急建設㈱
|
— |
−100%
Exit
—
|
1,350 | 2,000,000 | |
|
SHIZUOKA GAS CO., LTD.
静岡ガス㈱
|
— |
−100%
Exit
—
|
910 | 792,000 | M |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
— |
−100%
Exit
—
|
12,074 | 4,861,000 | M |
| ㈱八十ニ銀行 | — |
−100%
Exit
—
|
4,590 | 7,983,000 | M |
|
Keisei Electric Railway Co.
京成電鉄㈱
|
— |
−100%
Exit
—
|
3,407 | 836,200 | |
|
TERUMO CORPORATION
テルモ㈱
|
— |
−100%
Exit
—
|
1,047 | 293,000 | |
|
CASIO COMPUTER CO.,LTD.
カシオ計算機㈱
|
— |
−100%
Exit
—
|
778 | 600,000 | |
| ㈱三菱UFJフィナンシャル | — |
−100%
Exit
—
|
724 | 855,000 | |
|
Juroku Financial Group, Inc.
㈱十六フィナンシャルグループ
|
— |
−100%
Exit
—
|
638 | 226,200 | |
|
ROHM COMPANY LIMITED
ローム㈱
|
— |
−100%
Exit
—
|
548 | 50,000 | |
|
Euglena Co., Ltd.
㈱ユーグレナ
|
— |
−100%
Exit
—
|
528 | 562,500 | |
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
— |
−100%
Exit
—
|
528 | 100,000 | M |
| Portfolio total | 233,004 | 254,247 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding