1911
Sumitomo Forestry Co., Ltd.
住友林業株式会社
Construction
Sumitomo Forestry Co., Ltd. engages in forestry business in Japan, the United States, Australia, China, Indonesia, New Zealand, and internationally. It operates through the Timber Building Materials Business; Housing Business; Construction and Real Estate Business; and Resources and Environment Business segments. The Timber Building Materials Business segment purchases, manufactures, processes, and sells timber, including logs, chips, timber, laminated timber, and building materials, consisting of plywood, fiberboard, processed wood composite materials, ceramic building materials, metal building materials, and housing equipment. The Housing Business segment is involved in the contracting, after-sales maintenance, and renovation of construction work for single-family homes and apartment complexes, sales of condominiums, real estate development, leasing, management, buying and selling, and brokerage of real estate, contracting of external structures and landscaping work for housing, urban greening business, CAD, and site surveys. The Construction and Real Estate Business segment sells overseas condominiums, constructs single-family homes, develops housing complexes and commercial complexes, and provides contracting for medium- to large-scale construction work. The Resources and Environment Business segment engages in the renewable energy business, forest resource business. The company was founded in 1691 and is headquartered in Chiyoda, Japan.
Price
¥1,306
Market Cap
¥806.4B
Ent. Value
¥1.3T
Net Debt
−¥537.8B
Shares Out.
617.7M
P / E
7.5×
EV / EBIT
8.0×
P / Book
0.80×
P / NCAV
3.12×
Div. Yield
4.06%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥2,267.6B | ¥2,053.7B | ¥1,733.2B | ¥1,669.7B | ¥1,385.9B |
| Cost of Sales | ¥1,742.9B | ¥1,550.7B | ¥1,324.3B | ¥1,276.7B | ¥1,063.9B |
| Gross Profit | ¥524.6B | ¥503.0B | ¥408.8B | ¥393.0B | ¥322.0B |
| SG&A | ¥355.9B | ¥308.4B | ¥262.1B | ¥234.7B | ¥208.3B |
| Operating Income | ¥168.7B | ¥194.6B | ¥146.8B | ¥158.3B | ¥113.7B |
| Non-Operating Income | ¥30.4B | ¥19.7B | ¥22.2B | ¥42.8B | ¥28.6B |
| Dividend Income | ¥2.8B | ¥3.2B | ¥2.0B | ¥2.1B | ¥1.7B |
| Interest Income | ¥5.0B | ¥3.6B | ¥2.0B | ¥808M | ¥393M |
| Non-Operating Expenses | ¥24.2B | ¥16.3B | ¥9.6B | ¥6.1B | ¥4.5B |
| Interest Expense | ¥13.2B | ¥7.7B | ¥4.3B | ¥3.1B | ¥2.2B |
| Ordinary Income | ¥174.9B | ¥198.0B | ¥159.4B | ¥195.0B | ¥137.8B |
| Pre-tax Income | ¥180.2B | ¥192.0B | ¥161.4B | ¥188.4B | ¥133.9B |
| Income Taxes | ¥41.9B | ¥44.6B | ¥35.1B | ¥53.2B | ¥29.4B |
| Current Tax | ¥39.4B | ¥41.7B | ¥36.7B | ¥41.5B | ¥23.8B |
| Deferred Tax | ¥2.5B | ¥2.9B | ¥-1.6B | ¥11.7B | ¥5.7B |
| Net Income (owners) | ¥106.7B | ¥116.5B | ¥102.5B | ¥108.7B | ¥87.2B |
| Minority Interest | ¥31.7B | ¥30.9B | ¥23.8B | ¥26.5B | ¥17.3B |
| Comprehensive Income | ¥161.5B | ¥232.6B | ¥169.8B | ¥187.2B | ¥128.9B |
| EBITDA | ¥204.5B | ¥231.0B | ¥172.4B | ¥178.9B | ¥132.3B |
| Goodwill Amort. (J-GAAP) | ¥4.9B | ¥8.5B | ¥5.8B | ¥2.7B | ¥2.1B |
| EPS | ¥174.13 | ¥569.40 | ¥505.53 | ¥543.80 | ¥457.69 |
| Shares Outstanding | 617.7M | 205.8M | 205.8M | 200.9M | 200.9M |
| Shares Issued (total) | 618.6M | 206.1M | 206.1M | 201.2M | 201.2M |
| Treasury Shares | 0.9M | 0.3M | 0.3M | 0.3M | 0.3M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,572.0B | ¥2,261.1B | ¥1,812.7B | ¥1,537.6B | ¥1,314.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,693.7B | ¥1,546.1B | ¥1,236.0B | ¥1,072.8B | ¥891.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥185.4B | ¥181.0B | ¥154.1B | ¥128.8B | ¥140.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥878.3B | ¥715.0B | ¥576.7B | ¥464.8B | ¥422.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥322.7B | ¥286.1B | ¥226.3B | ¥198.8B | ¥184.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥35.5B | ¥42.2B | ¥45.9B | ¥5.9B | ¥4.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥76.1B | ¥75.0B | ¥64.4B | ¥22.9B | ¥20.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥377.3B | ¥268.9B | ¥229.7B | ¥203.6B | ¥181.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥9.3B | ¥9.5B | ¥8.3B | ¥7.7B | ¥7.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,435.2B | ¥1,241.0B | ¥989.4B | ¥855.0B | ¥774.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥729.6B | ¥662.2B | ¥588.0B | ¥494.1B | ¥421.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥87.4B | ¥97.0B | ¥107.5B | ¥105.5B | ¥134.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥140.8B | ¥93.7B | ¥51.8B | ¥46.0B | ¥25.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥10.8B | ¥8.9B | ¥8.2B | ¥5.1B | ¥6.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥705.6B | ¥578.9B | ¥401.4B | ¥360.9B | ¥353.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥582.4B | ¥484.0B | ¥310.5B | ¥277.9B | ¥258.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥9.4B | ¥9.7B | ¥10.6B | ¥11.8B | ¥17.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥52.0B | ¥38.3B | ¥34.6B | ¥35.4B | ¥23.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,136.8B | ¥1,020.1B | ¥823.3B | ¥682.6B | ¥540.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥55.3B | ¥55.1B | ¥55.1B | ¥50.1B | ¥50.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥25.5B | ¥34.7B | ¥36.5B | ¥31.5B | ¥33.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥688.5B | ¥613.8B | ¥524.3B | ¥447.2B | ¥359.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-6.6B | ¥-2.5B | ¥-2.5B | ¥-2.5B | ¥-2.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥241.2B | ¥219.3B | ¥141.0B | ¥101.2B | ¥54.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥762.8B | ¥701.0B | ¥613.4B | ¥526.3B | ¥441.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥132.8B | ¥99.7B | ¥68.8B | ¥54.9B | ¥44.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥723.2B | ¥577.7B | ¥362.3B | ¥323.9B | ¥283.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-537.8B | ¥-396.6B | ¥-208.2B | ¥-195.2B | ¥-143.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥258.5B | ¥305.1B | ¥246.6B | ¥217.7B | ¥117.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥419 | ¥1,483 | ¥1,198 | ¥1,084 | ¥586 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,235 | ¥3,407 | ¥2,981 | ¥2,619 | ¥2,196 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥94.7B | ¥27.1B | ¥125.3B | ¥55.3B | ¥91.6B |
| Interest Paid | ¥-13.2B | ¥-7.5B | ¥-4.3B | ¥-3.0B | ¥-2.3B |
| Interest Received | ¥22.1B | ¥12.3B | ¥23.2B | ¥34.7B | ¥25.1B |
| D&A | ¥30.9B | ¥27.9B | ¥19.9B | ¥17.9B | ¥16.5B |
| Goodwill Amort. | ¥4.9B | ¥8.5B | ¥5.8B | ¥2.7B | ¥2.1B |
| Investing CF | ¥-144.7B | ¥-135.1B | ¥-112.5B | ¥-52.4B | ¥-40.3B |
| CapEx | ¥71.2B | ¥63.9B | ¥28.4B | ¥32.0B | ¥20.6B |
| Purchase Investments | ¥-61.5B | ¥-45.6B | ¥-32.8B | ¥-26.2B | ¥-14.4B |
| Financing CF | ¥50.7B | ¥133.2B | ¥10.2B | ¥-33.0B | ¥-7.0B |
| Dividends Paid | ¥-31.9B | ¥-26.8B | ¥-25.4B | ¥-21.1B | ¥-10.9B |
| Share Buybacks | ¥-4.0B | — | — | — | — |
| LT Debt Repaid | ¥-97.3B | ¥-45.7B | ¥-63.1B | ¥-45.3B | ¥-54.2B |
| Free Cash Flow | ¥23.5B | ¥-36.8B | ¥96.9B | ¥23.3B | ¥71.0B |
| Net Change in Cash | ¥2.3B | ¥31.5B | ¥27.4B | ¥-22.7B | ¥47.8B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.1% | 13.9% | 14.8% | 19.4% | 20.2% |
| ROA | 4.4% | 5.7% | 6.1% | 7.6% | 6.6% |
| EPS | ¥174.13 | ¥569.40 | ¥505.53 | ¥543.80 | ¥457.69 |
| DPS | ¥53.00 | ¥145.00 | ¥125.00 | ¥125.00 | ¥80.00 |
| BPS | ¥1,642.00 | ¥4,497.17 | ¥3,686.51 | ¥3,140.26 | ¥2,479.76 |
| FCF/Share | ¥38 | ¥-179 | ¥471 | ¥116 | ¥353 |
| NCAV/Share | ¥419 | ¥1,483 | ¥1,198 | ¥1,084 | ¥586 |
| Payout Ratio | 30.4% | 25.5% | 24.7% | 23.0% | 17.5% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
85,474 | 13.84% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
44,896 | 7.27% |
| 3 |
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山株式会社
|
30,330 | 4.91% |
| 4 | 株式会社伊予銀行 | 17,548 | 2.84% |
| 5 |
Kumagaigumi Co.,Ltd.
株式会社熊谷組
|
15,592 | 2.52% |
| 6 |
Sumitomo Corporation
住友商事株式会社
|
13,149 | 2.13% |
| 7 |
Sumitomo Life Insurance
住友生命保険相互会社
|
12,681 | 2.05% |
| 8 |
The Hyakujushi Bank,Ltd.
株式会社百十四銀行
|
12,593 | 2.04% |
| 9 | 住友林業グループ社員持株会 | 9,504 | 1.54% |
| 10 | 野村信託銀行株式会社(投信口) | 8,142 | 1.32% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
21.1%
+1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
19.4%
-1.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 40.5% · 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 | 14.52% | 13.41% | 13.84% +0.43% | |
| Japan Custody Bank 日本カストディ銀行 | 4.87% | 6.23% | 7.27% +1.04% | |
| Sumitomo Metal Mining Co., Ltd. 住友金属鉱山 | 4.91% | 4.91% | 4.91% | |
| 式会社伊予銀行 | 2.84% | 2.84% | 2.84% | |
| Kumagaigumi Co.,Ltd. 式会社熊谷組 | 2.53% | 2.53% | 2.52% -0.01% | |
| Sumitomo Corporation 住友商事 | 2.13% | 2.13% | 2.13% | |
| Sumitomo Life Insurance 住友生命保険 | 2.05% | 2.05% | 2.05% | |
| The Hyakujushi Bank,Ltd. 式会社百十四銀行 | 2.04% | 2.04% | 2.04% | |
| 住友林業グループ社員持株会 NEW ENTRY | 1.53% | — | 1.54% NEW | |
| 野村信託銀行株式会社(投信口) NEW ENTRY | — | — | — | 1.32% NEW |
| SMBC Nikko Securities SMBC日興証券 last seen 2024 | Exited Top 10 | — | 2.01% | — |
| JPモルガン証券 last seen 2024 | Exited Top 10 | — | 1.91% | — |
| State Street last seen 2023 | Exited Top 10 | 1.66% | — | — |
| Concentration (HHI) ⓘ | 291 | 278 | 300 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥102,712M
+35% since 2023
Holdings
50
+4 new
4 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥102,712M total | FY2023 ¥76,360M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Corporation
住友商事㈱
|
19,572 |
3,616,500
|
11,124 | 3,616,500 | M |
|
Iyogin Holdings,Inc.
㈱いよぎんホールディングス
|
15,084 |
5,911,895
|
5,600 | 5,911,895 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
12,600 |
-3.7%
↓
627,500
|
14,975 | 651,500 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
9,240 |
+100.0%
↑
2,350,000
|
4,928 | 1,175,000 | M |
|
NICHIHA CORPORATION
ニチハ㈱
|
8,401 |
2,572,900
|
7,629 | 2,572,900 | M |
|
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山㈱
|
7,845 |
1,234,000
|
5,240 | 1,234,000 | M |
|
譬ェ蠑丈シ夂、セ繝ャ繝弱ヰ
㈱レノバ
|
5,042 |
7,360,000
|
8,751 | 7,360,000 | |
|
The Sumitomo Warehouse Co.,Ltd.
㈱住友倉庫
|
3,302 |
930,000
|
2,279 | 930,000 | M |
|
The Hyakujushi Bank,Ltd.
㈱百十四銀行
|
2,426 |
364,205
|
876 | 364,205 | M |
|
Sumitomo Electric Industries, Ltd.
住友電気工業㈱
|
2,296 |
363,000
|
652 | 363,000 | M |
|
MS&AD Insurance Group Holdings, Inc.
MS&ADインシュアランスグループホールディングス㈱
|
1,939 |
+200.0%
↑
526,341
|
973 | 175,447 | |
|
TOTO LTD.
TOTO㈱
|
1,887 |
435,500
|
1,617 | 435,500 | M |
|
Sumitomo Bakelite Company Limited
住友ベークライト㈱
|
1,722 |
+100.0%
↑
333,440
|
1,234 | 166,720 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
1,659 |
+136.6%
↑
329,163
|
957 | 139,121 | |
|
Okura Industrial Co.,Ltd.
大倉工業㈱
|
1,536 |
315,820
|
806 | 315,820 | M |
|
NORITZ CORPORATION
㈱ノーリツ
|
1,110 |
556,600
|
841 | 556,600 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
969 |
NEW
New
202,806
|
— | ||
|
TOKYO GAS CO.,LTD.
東京瓦斯㈱
|
623 |
100,400
|
325 | 100,400 | M |
|
OCHI HOLDINGS CO.,LTD.
OCHIホールディングス㈱
|
601 |
414,765
|
604 | 414,765 | |
|
Eidai Co.,Ltd.
永大産業㈱
|
528 |
2,306,000
|
512 | 2,306,000 | M |
|
Sumitomo Osaka Cement Co., Ltd.
住友大阪セメント㈱
|
524 |
137,800
|
511 | 137,800 | M |
|
Aica Kogyo Company, Limited
アイカ工業㈱
|
495 |
140,800
|
480 | 140,800 | M |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業㈱
|
441 |
106,202
|
378 | 106,202 | M |
| ㈱JSP | 417 |
170,610
|
313 | 170,610 | M |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学㈱
|
368 |
825,000
|
284 | 825,000 | M |
| Green Earth Institute㈱ | 341 |
900,000
|
581 | 900,000 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
338 |
-63.9%
↓
135,600
|
455 | 375,200 | |
|
Sankyo Tateyama,Inc.
三協立山㈱
|
278 |
437,098
|
342 | 437,098 | M |
|
JK Holdings Co.,Ltd.
JKホールディングス㈱
|
255 |
188,735
|
196 | 188,735 | M |
|
Iida Group Holdings Co., Ltd.
飯田グループホールディングス㈱
|
223 |
+8.1%
↑
88,741
|
173 | 82,088 | |
|
WOOD ONE CO.,LTD.
㈱ウッドワン
|
166 |
172,800
|
173 | 172,800 | M |
|
LIXIL Corporation
㈱LIXIL
|
127 |
67,102
|
118 | 67,102 | M |
|
譬ェ蠑丈シ夂、セ繝溘Λ繧、繝ュ
㈱ミライロ
|
79 |
NEW
New
200,000
|
— | ||
|
Nankai Plywood Co., Ltd.
南海プライウッド㈱
|
66 |
7,150
|
39 | 7,150 | M |
|
KUWAZAWA Holdings Corporation
クワザワホールディングス㈱
|
51 |
80,000
|
58 | 80,000 | |
|
YAMAE GROUP HOLDINGS CO.,LTD.
ヤマエグループホールディングス㈱
|
41 |
16,000
|
61 | 16,000 | |
|
Nippon Sheet Glass Company,Limited
日本板硝子㈱
|
35 |
59,400
|
34 | 59,400 | |
|
繝�繧ク繧ソ繝ォ繧ー繝ェ繝�繝画ェ蠑丈シ夂、セ
デジタルグリッド㈱
|
33 |
NEW
New
41,880
|
— | ||
|
ORVIS CORPORATION
㈱オービス
|
24 |
15,000
|
19 | 15,000 | M |
|
KITAKEI CO.,LTD
北恵㈱
|
15 |
16,105
|
14 | 16,105 | |
|
Tokyo Board Industries co.,ltd.
東京ボード工業㈱
|
11 |
30,000
|
16 | 30,000 | M |
|
Asahi Kasei Corporation
旭化成㈱
|
1 |
1,000
|
1 | 1,000 | |
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業㈱
|
1 |
NEW
New
100
|
— | ||
|
Sekisui House,Ltd.
積水ハウス㈱
|
— | — | |||
|
The Chiba Bank, Ltd.
㈱千葉銀行
|
— | — | M | ||
| 大建工業㈱ | — | — | M | ||
|
NEC Corporation
日本電気㈱
|
— | — | |||
|
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
|
— | — | |||
|
The Nanto Bank,Ltd.
㈱南都銀行
|
— | — | |||
|
The Shikoku Bank, Ltd.
㈱四国銀行
|
— | — | |||
|
Sumitomo Mitsui Construction Co.,Ltd.
三井住友建設㈱
|
— |
−100%
Exit
—
|
250 | 630,378 | |
|
The Awa Bank,Ltd.
㈱阿波銀行
|
— |
−100%
Exit
—
|
733 | 310,738 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
675 | 249,606 | |
|
GEOLIVE Group Corporation
ジオリーブグループ㈱
|
— |
−100%
Exit
—
|
533 | 412,630 | |
| Portfolio total | 102,712 | 76,360 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding