1925
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業株式会社
Construction
Daiwa House Industry Co., Ltd., together with its subsidiaries, engages in the construction work business in Japan, the United States, and internationally. It operates through Single-Family Houses Business; Rental Housing Business; Condominiums Business; Commercial Facilities Business; Logistics, Business and Corporate Facilities Business; Environmental and Energy Business; and Other Businesses segments. The Single-Family Houses segment engages in the construction of single-family houses; and sale of house and land packages. Its Rental Housing segment is involved in rental housing development, construction, management, operation, and agency services. The Condominiums segment develops, sells, and manages condominiums. Its Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of commercial facilities. The Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of logistics, manufacturing facilities, medical, nursing care, and other facilities. Its Environmental Energy segment develops and constructs renewable energy power plants; and engages in renewable energy generation and electricity retail business. The company also engages in housing renovation and interiors; environmental energy and greening; asset management; agriculture; parking and carsharing; golf course; fitness club and aesthetic salon; home and shopping center; fee-based homes for the elderly; travel agency; insurance; credit card and financial services; information technology; cultivation; community development; resort hotel; and logistics, sports club management, and credit card businesses. Daiwa House Industry Co., Ltd. was incorporated in 1947 and is headquartered in Kita, Japan.
Price
¥4,334
Market Cap
¥2.7T
Ent. Value
¥5.1T
Net Debt
−¥2.4T
Shares Out.
618.6M
P / E
7.7×
EV / EBIT
8.3×
P / Book
0.93×
P / NCAV
N/M
Div. Yield
1.73%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥5,576.9B | ¥5,434.8B | ¥5,202.9B | ¥4,908.2B | ¥4,439.5B |
| Cost of Sales | ¥4,335.0B | ¥4,333.8B | ¥4,210.5B | ¥3,953.0B | ¥3,574.9B |
| Gross Profit | ¥1,241.8B | ¥1,101.1B | ¥992.4B | ¥955.2B | ¥864.7B |
| SG&A | ¥626.9B | ¥554.8B | ¥552.2B | ¥489.8B | ¥481.4B |
| Operating Income | ¥614.9B | ¥546.3B | ¥440.2B | ¥465.4B | ¥383.3B |
| Non-Operating Income | ¥28.9B | ¥27.4B | ¥31.1B | ¥21.1B | ¥26.3B |
| Dividend Income | — | ¥4.5B | ¥5.7B | ¥5.1B | ¥4.4B |
| Interest Income | — | ¥5.3B | ¥2.7B | ¥2.4B | ¥2.9B |
| Non-Operating Expenses | — | ¥57.7B | ¥43.7B | ¥30.4B | ¥33.3B |
| Interest Expense | — | ¥41.6B | ¥31.5B | ¥18.8B | ¥13.0B |
| Ordinary Income | ¥572.0B | ¥516.0B | ¥427.5B | ¥456.0B | ¥376.2B |
| Pre-tax Income | ¥542.4B | ¥488.8B | ¥455.8B | ¥440.5B | ¥353.3B |
| Income Taxes | ¥182.9B | ¥158.9B | ¥155.6B | ¥124.8B | ¥124.3B |
| Current Tax | — | ¥156.1B | ¥132.3B | ¥96.8B | ¥123.9B |
| Deferred Tax | — | ¥2.8B | ¥23.3B | ¥28.0B | ¥423M |
| Net Income (owners) | ¥350.6B | ¥325.1B | ¥298.8B | ¥308.4B | ¥225.3B |
| Minority Interest | — | ¥4.8B | ¥1.5B | ¥7.3B | ¥3.7B |
| Comprehensive Income | — | ¥385.0B | ¥334.7B | ¥352.7B | ¥269.1B |
| EBITDA | ¥755.2B | ¥686.7B | ¥567.1B | ¥584.6B | ¥489.2B |
| Goodwill Amort. (J-GAAP) | — | ¥8.6B | ¥9.7B | ¥5.7B | ¥5.6B |
| EPS | ¥566.47 | ¥514.00 | ¥457.16 | ¥469.12 | ¥343.82 |
| Shares Outstanding | — | 618.6M | 639.8M | 658.9M | 655.7M |
| Shares Issued (total) | — | 659.5M | 659.4M | 666.3M | 666.2M |
| Treasury Shares | — | 40.9M | 19.5M | 7.4M | 10.5M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥8,412.4B | ¥7,049.3B | ¥6,533.7B | ¥6,142.1B | ¥5,521.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥4,702.7B | ¥3,882.5B | ¥3,650.1B | ¥3,252.0B | ¥2,692.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥434.4B | ¥333.2B | ¥450.1B | ¥358.1B | ¥337.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥3,709.7B | ¥3,166.9B | ¥2,883.6B | ¥2,890.1B | ¥2,828.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2,343.1B | ¥2,141.4B | ¥2,008.0B | ¥2,033.6B | ¥1,969.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥94.7B | ¥95.4B | ¥94.5B | ¥93.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥205.1B | ¥203.6B | ¥193.6B | ¥170.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥303.8B | ¥220.9B | ¥224.6B | ¥218.8B | ¥228.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥104.1B | ¥111.8B | ¥141.3B | ¥159.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥5,390.1B | ¥4,332.6B | ¥4,010.0B | ¥3,753.2B | ¥3,410.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥2,662.1B | ¥1,833.8B | ¥1,531.4B | ¥1,526.8B | ¥1,444.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥912.9B | ¥455.6B | ¥239.9B | ¥292.1B | ¥231.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥99.1B | ¥76.2B | ¥57.3B | ¥69.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥2,728.0B | ¥2,498.7B | ¥2,478.6B | ¥2,226.3B | ¥1,965.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1,919.8B | ¥1,778.5B | ¥1,747.9B | ¥1,504.5B | ¥1,166.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥98.5B | ¥103.0B | ¥103.6B | ¥193.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥3,022.3B | ¥2,716.7B | ¥2,523.8B | ¥2,388.9B | ¥2,111.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥162.2B | ¥162.0B | ¥161.8B | ¥161.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥299.4B | ¥301.3B | ¥303.7B | ¥302.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥2,387.1B | ¥2,132.8B | ¥1,903.3B | ¥1,710.6B | ¥1,486.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-188.3B | ¥-88.3B | ¥-20.3B | ¥-29.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥208.1B | ¥159.6B | ¥128.4B | ¥98.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥2,658.1B | ¥2,406.1B | ¥2,278.3B | ¥2,155.8B | ¥1,921.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥102.5B | ¥85.9B | ¥104.7B | ¥91.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥2,832.7B | ¥2,234.1B | ¥1,987.8B | ¥1,796.6B | ¥1,397.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-2,398.3B | ¥-1,900.9B | ¥-1,537.7B | ¥-1,438.5B | ¥-1,059.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-687.4B | ¥-450.1B | ¥-359.9B | ¥-501.2B | ¥-717.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-728 | ¥-562 | ¥-761 | ¥-1,094 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥3,890 | ¥3,561 | ¥3,272 | ¥2,930 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥189.3B | ¥420.6B | ¥302.3B | ¥230.3B | ¥336.4B |
| Interest Paid | — | ¥-40.2B | ¥-29.4B | ¥-16.6B | ¥-11.9B |
| Interest Received | — | ¥10.2B | ¥11.5B | ¥10.7B | ¥9.5B |
| D&A | ¥140.3B | ¥131.8B | ¥117.2B | ¥113.5B | ¥100.3B |
| Goodwill Amort. | — | ¥8.6B | ¥9.7B | ¥5.7B | ¥5.6B |
| Investing CF | ¥-726.1B | ¥-493.4B | ¥-310.4B | ¥-505.2B | ¥-467.4B |
| Purchase Investments | — | ¥-17.8B | ¥-11.2B | ¥-11.8B | ¥-13.1B |
| Financing CF | ¥631.1B | ¥-44.7B | ¥97.4B | ¥287.5B | ¥24.4B |
| Dividends Paid | — | ¥-95.6B | ¥-87.5B | ¥-86.1B | ¥-79.2B |
| Share Buybacks | — | ¥-100.0B | ¥-87.2B | ¥-10M | ¥-12M |
| LT Debt Repaid | — | ¥-373.9B | ¥-354.7B | ¥-201.9B | ¥-115.8B |
| Free Cash Flow | ¥189.3B | ¥420.6B | ¥302.3B | ¥230.3B | ¥336.4B |
| Net Change in Cash | — | ¥-112.6B | ¥93.4B | ¥18.4B | ¥-90.3B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 12.2% | 12.9% | 12.7% | 14.3% | 11.7% |
| ROA | 4.5% | 4.8% | 4.7% | 5.3% | 4.1% |
| EPS | ¥566.47 | ¥514.00 | ¥457.16 | ¥469.12 | ¥343.82 |
| DPS | ¥75.00 | ¥150.00 | ¥143.00 | ¥130.00 | ¥126.00 |
| BPS | ¥4,677.09 | ¥4,226.17 | ¥3,810.21 | ¥3,466.86 | ¥3,081.07 |
| FCF/Share | — | ¥680 | ¥472 | ¥350 | ¥513 |
| NCAV/Share | — | ¥-728 | ¥-562 | ¥-761 | ¥-1,094 |
| Payout Ratio | 13.2% | 29.2% | 31.3% | 27.7% | 36.6% |
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)
|
107,888 | 17.44% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
40,610 | 6.57% |
| 3 |
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)
|
15,688 | 2.54% |
| 4 |
Employee Stock Ownership Plan
大和ハウス工業従業員持株会
|
14,787 | 2.39% |
| 5 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行)
|
13,160 | 2.13% |
| 6 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
12,087 | 1.95% |
| 7 |
Nippon Life Insurance
日本生命保険相互会社
|
11,944 | 1.93% |
| 8 | JPモルガン証券株式会社 | 9,482 | 1.53% |
| 9 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行)
|
8,516 | 1.38% |
| 10 | バークレイズ証券株式会社 | 7,783 | 1.26% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
24.0%
+1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.0%
+1.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
9.1%
+0.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 39.1% · 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 | 16.74% | 15.64% | 17.44% +1.80% | |
| Japan Custody Bank 日本カストディ銀行 | 7.46% | 6.86% | 6.57% -0.29% | |
| State Street | 3.15% | 3.47% | 4.67% +1.20% | |
| Employee Stock Ownership Plan 大和ハウス工業従業員持株会 | 2.18% | 2.26% | 2.39% +0.13% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 2.20% | 2.02% | 1.95% -0.07% | |
| Nippon Life Insurance 日本生命保険 | 1.81% | 1.87% | 1.93% +0.06% | |
| JPモルガン証券 | — | 1.58% | 1.53% -0.05% | |
| JP Morgan | 1.30% | 1.31% | 1.38% +0.07% | |
| Barclays NEW ENTRY | — | — | — | 1.26% NEW |
| 全国共済農業協同組合連合会 last seen 2024 | Exited Top 10 | — | 1.20% | — |
| 式会社三菱UFJ銀行 last seen 2023 | Exited Top 10 | 1.29% | — | — |
| JPモルガン証券 last seen 2023 | Exited Top 10 | 2.23% | — | — |
| Concentration (HHI) ⓘ | 367 | 322 | 388 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥60,188M
-11% since 2023
Holdings
54
+23 new
32 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥60,188M total | FY2023 ¥67,488M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
| ㈱住友倉庫 ※1 | 13,815 |
NEW
New
5,000,000
|
— | M | |
| TOTO㈱ ※1 | 5,477 |
NEW
New
1,407,000
|
— | M | |
| ㈱T&Dホールディングス ※1 | 4,725 |
1,488,800
|
2,443 | 1,488,800 | M |
| ㈱三井住友フィナンシャルグループ ※1 | 4,637 |
+166.7%
↑
1,221,900
|
2,427 | 458,100 | M |
|
CYBERDYNE Inc.
CYBERDYNE㈱
|
4,550 |
26,000,000
|
7,384 | 26,000,000 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
3,847 |
+50.0%
↑
2,892,000
|
4,789 | 1,928,000 | M |
| ㈱三菱UFJフィナンシャル・グループ ※1 | 3,689 |
-17.9%
↓
1,834,800
|
1,895 | 2,235,800 | M |
| MS&ADインシュアランス グループホールディングス㈱ ※1 | 2,891 |
+200.0%
↑
896,610
|
1,227 | 298,870 | M |
| ㈱西松屋チェーン ※1 | 1,681 |
NEW
New
843,000
|
— | M | |
|
TKC Co., Ltd.
㈱TKC
|
1,540 |
+12.9%
↑
400,000
|
1,300 | 354,400 | |
| ㈱めぶきフィナンシャルグループ ※1 | 1,449 |
1,997,190
|
647 | 1,997,190 | M |
| ㈱ダスキン ※1 | 1,273 |
NEW
New
350,000
|
— | M | |
|
NICHIAS CORPORATION
ニチアス㈱
|
916 |
198,500
|
528 | 198,500 | M |
| 京阪神ビルディング㈱ ※1 | 875 |
NEW
New
644,000
|
— | M | |
| 三井住友トラストグループ㈱ ※1 | 864 |
NEW
New
232,300
|
— | M | |
|
�シ・�シイ�シゥ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
ERIホールディングス㈱
|
815 |
351,000
|
525 | 351,000 | |
| PT Bekasi Fajar Industrial Estate Tbk | 752 |
964,750,000
|
1,090 | 964,750,000 | |
| コニシ㈱ ※1 | 749 |
NEW
New
640,000
|
— | M | |
| ㈱カネカ ※1 | 661 |
NEW
New
173,800
|
— | M | |
| ㈱みずほフィナンシャルグループ ※1 | 617 |
-34.7%
↓
152,400
|
438 | 233,400 | M |
| ザ・パック㈱ ※1 | 591 |
NEW
New
175,000
|
— | M | |
| ㈱しずおかフィナンシャルグループ ※1 | 486 |
300,000
|
285 | 300,000 | M |
| 日本製鉄㈱ ※1 | 399 |
NEW
New
125,127
|
— | M | |
| イオン㈱ ※1 | 375 |
NEW
New
100,000
|
— | M | |
| ㈱南都銀行 ※1 | 330 |
NEW
New
83,600
|
— | M | |
| 小田急電鉄㈱ ※1 | 304 |
NEW
New
206,000
|
— | M | |
|
nichicon corporation
ニチコン㈱
|
258 |
211,000
|
291 | 211,000 | |
| ㈱LIXIL ※1 | 223 |
NEW
New
129,340
|
— | M | |
| パナソニック ホールディングス㈱※1 | 219 |
NEW
New
124,000
|
— | M | |
|
cedar.co.,ltd
㈱シダー
|
216 |
918,000
|
156 | 918,000 | |
| ㈱K-top自己管理不動産投資会社 | 183 |
-44.2%
↓
1,893,742
|
315 | 3,393,742 | |
| ㈱TYK ※1 | 164 |
NEW
New
340,000
|
— | M | |
|
ITbook Holdings Co., Ltd.
SAAFホールディングス㈱
|
112 |
NEW
New
332,500
|
— | ||
|
NIKKO COMPANY
ニッコー㈱
|
108 |
NEW
New
746,000
|
— | ||
| 上新電機㈱ ※1 | 74 |
NEW
New
35,000
|
— | M | |
|
GLTECHNO HOLDINGS, INC.
ジーエルテクノホールディングス㈱
|
63 |
NEW
New
22,000
|
— | ||
| ㈱あいちフィナンシャルグループ ※1 | 57 |
20,000
|
43 | 20,000 | M |
| ㈱コロナ ※1 | 50 |
NEW
New
55,000
|
— | M | |
|
Tobu Network Co., Ltd.
東部ネットワーク㈱
|
43 |
50,000
|
44 | 50,000 | |
| 三京化成㈱ ※1 | 35 |
NEW
New
10,500
|
— | M | |
| フルサト・マルカホールディングス㈱ ※1 | 23 |
10,000
|
28 | 10,000 | M |
|
oie sangyo co.,ltd
尾家産業㈱
|
23 |
12,000
|
13 | 12,000 | |
|
Wakita & Co.,LTD.
㈱ワキタ
|
17 |
10,000
|
12 | 10,000 | |
| ㈱サポート | 9 |
NEW
New
25,000
|
— | ||
|
COSMOS Pharmaceutical Corporation
㈱コスモス薬品
|
3 |
+100.0%
↑
400
|
2 | 200 | |
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス㈱
|
— | — | |||
| 三和ホールディングス㈱ ※1 | — | — | M | ||
|
Keikyu Corporation
京浜急行電鉄㈱
|
— | — | |||
| ㈱九電工 | — | — | M | ||
| 寶業集團股份有限公司 | — | — | |||
|
DAI-DAN CO.,LTD.
ダイダン㈱
|
— | — | M | ||
|
DIJET INDUSTRIAL CO., LTD.
ダイジェット工業㈱
|
— | — | |||
|
Cleanup Co., Ltd.
クリナップ㈱
|
— | — | |||
| チヨダウーテ㈱ | — | — | M | ||
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
— |
−100%
Exit
—
|
9,443 | 399,200 | M |
|
Maruichi Steel Pipe Co., Ltd.
丸一鋼管㈱
|
— |
−100%
Exit
—
|
1,155 | 397,000 | M |
|
Mitsuuroko Group Holdings Co.,Ltd.
㈱ミツウロコグループホールディングス
|
— |
−100%
Exit
—
|
1,293 | 1,000,000 | M |
|
Sharp Corporation
シャープ㈱
|
— |
−100%
Exit
—
|
218 | 234,000 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
— |
−100%
Exit
—
|
113 | 114,000 | M |
|
譌・譛ャ繧、繝ウ繧キ繝・繝ャ繝シ繧キ繝ァ繝ウ譬ェ蠑丈シ夂、セ
日本インシュレーション㈱
|
— |
−100%
Exit
—
|
40 | 50,000 | M |
|
The Sumitomo Warehouse Co.,Ltd.
㈱住友倉庫
|
— |
−100%
Exit
—
|
10,875 | 5,000,000 | M |
|
TOTO LTD.
TOTO㈱
|
— |
−100%
Exit
—
|
6,218 | 1,407,000 | M |
|
DUSKIN CO.,LTD.
㈱ダスキン
|
— |
−100%
Exit
—
|
2,233 | 700,000 | M |
| アサヒグループホールディングス㈱ ※1 | — |
−100%
Exit
—
|
1,624 | 330,000 | M |
|
Nishi Matsushiya Chain Co., Ltd.
㈱西松屋チェーン
|
— |
−100%
Exit
—
|
1,377 | 843,000 | M |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード㈱
|
— |
−100%
Exit
—
|
918 | 625,000 | M |
|
Keihanshin Building Co., Ltd.
京阪神ビルディング㈱
|
— |
−100%
Exit
—
|
770 | 644,000 | M |
| 三井住友トラスト・ホールディングス㈱ ※1 | — |
−100%
Exit
—
|
617 | 135,900 | M |
|
KONISHI CO.,LTD.
コニシ㈱
|
— |
−100%
Exit
—
|
612 | 320,000 | M |
|
KANEKA CORPORATION
㈱カネカ
|
— |
−100%
Exit
—
|
599 | 173,800 | M |
|
THE PACK CORPORATION
ザ・パック㈱
|
— |
−100%
Exit
—
|
517 | 175,000 | M |
| 大建工業㈱ | — |
−100%
Exit
—
|
451 | 198,000 | M |
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
— |
−100%
Exit
—
|
390 | 125,127 | M |
|
Odakyu Electric Railway Co.,Ltd
小田急電鉄㈱
|
— |
−100%
Exit
—
|
354 | 206,000 | M |
|
LIXIL Corporation
㈱LIXIL
|
— |
−100%
Exit
—
|
281 | 129,340 | M |
|
AEON Co.,Ltd.
イオン㈱
|
— |
−100%
Exit
—
|
256 | 100,000 | M |
| パナソニック ホールディングス㈱ | — |
−100%
Exit
—
|
218 | 185,000 | M |
|
Sanwa Holdings Corporation
三和ホールディングス㈱
|
— |
−100%
Exit
—
|
212 | 150,000 | M |
|
The Nanto Bank,Ltd.
㈱南都銀行
|
— |
−100%
Exit
—
|
194 | 83,600 | M |
|
Joshin Denki Co., Ltd.
上新電機㈱
|
— |
−100%
Exit
—
|
138 | 71,000 | M |
| ITbookホールディングス㈱ | — |
−100%
Exit
—
|
130 | 332,500 | |
| ㈱TYK | — |
−100%
Exit
—
|
112 | 340,000 | M |
|
SANKYOKASEI CORPORATION
三京化成㈱
|
— |
−100%
Exit
—
|
76 | 21,000 | M |
|
NORITZ CORPORATION
㈱ノーリツ
|
— |
−100%
Exit
—
|
72 | 41,500 | M |
|
GL Sciences Co.
ジーエルサイエンス㈱
|
— |
−100%
Exit
—
|
50 | 22,000 | |
|
CORONA CORPORATION
㈱コロナ
|
— |
−100%
Exit
—
|
50 | 55,000 | M |
| Portfolio total | 60,188 | 67,488 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding