1944
KINDEN CORPORATION
株式会社きんでん
Industrials · Engineering & Construction
Kinden Corporation, together with its subsidiaries, provides integrated electrical and facility engineering services in Japan. It offers planning, design, procurement, installation, maintenance, and renewal services for various power generation infrastructures and systems. The company offers power generation and substation, overhead power transmission and distribution, underground power transmission and distribution, wind-power generation, nuclear power generation, building and explosion-proof electrical, factory and plant electrical, public and theater electrical, photovoltaic power, disaster-prevention and security, and electrical railroad facilities, as well as building, factory, facility, and plant instrumentation systems. It also provides communications and cable television operators' facilities, disaster prevention administrative wireless systems, internet and LAN facilities, telephone systems, multimedia communications facilities, and information processing and security systems. In addition, the company offers air-conditioning systems, plumbing and sanitation systems, fire-extinguishing systems, freezing and refrigerating systems, water treatment systems, industrial waste processing systems, air purification systems, district heating and cooling systems, medical gas supply systems, cogeneration systems, and waterworks; and provides system and metal ceilings, free access floor, partitions, interiors, and interior furnishings, as well as small-scale construction services. Further, it offers survey and investigation, civil engineering structure, land development, road construction, distribution undergrounding, and paving services, as well as painting, mechanical installation, landscaping, and steel structure solutions. Additionally, the company offers air conditioning and sanitary, energy saving, renewable energy systems. Kinden Corporation was incorporated in 1944 and is headquartered in Osaka, Japan.
Price
¥7,179
Market Cap
¥1.4T
Ent. Value
¥1.4T
Net Cash
¥50.4B
Shares Out.
198.7M
P / E
20.5×
EV / EBIT
15.3×
P / Book
2.15×
P / NCAV
5.80×
Div. Yield
0.84%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥913.8B | ¥821.7B | ¥815.9B | ¥742.8B | ¥700.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥497.7B | ¥503.7B | ¥482.2B | ¥477.6B | ¥442.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥65.4B | ¥104.2B | ¥53.0B | ¥45.4B | ¥46.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥416.0B | ¥318.0B | ¥333.7B | ¥265.3B | ¥257.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥199.7B | ¥151.7B | ¥144.4B | ¥123.8B | ¥99.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥7.0B | ¥7.3B | ¥7.8B | ¥8.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥146.4B | ¥128.5B | ¥142.5B | ¥122.2B | ¥126.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥1.6B | ¥955M | ¥994M | ¥1.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥251.9B | ¥222.0B | ¥241.8B | ¥210.1B | ¥188.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥219.1B | ¥202.5B | ¥205.3B | ¥181.8B | ¥159.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥15.0B | ¥14.9B | ¥15.0B | ¥15.1B | ¥16.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥18.1B | ¥14.4B | ¥12.3B | ¥11.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥32.7B | ¥19.5B | ¥36.5B | ¥28.3B | ¥28.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | — | — | — | ¥25M | ¥52M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥4.6B | ¥21.7B | ¥21.6B | ¥21.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥14.5B | ¥14.4B | ¥6.2B | ¥7.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥661.9B | ¥599.7B | ¥574.1B | ¥532.7B | ¥511.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥26.4B | ¥26.4B | ¥26.4B | ¥26.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥29.2B | ¥29.2B | ¥29.1B | ¥29.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥524.4B | ¥476.8B | ¥453.6B | ¥433.6B | ¥412.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-3.5B | ¥-2.9B | ¥-731M | ¥-310M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥70.1B | ¥67.0B | ¥43.5B | ¥43.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥572.1B | ¥528.9B | ¥506.3B | ¥488.4B | ¥467.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥694M | ¥757M | ¥816M | ¥864M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥15.0B | ¥14.9B | ¥15.0B | ¥15.1B | ¥16.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥50.4B | ¥89.2B | ¥38.0B | ¥30.3B | ¥30.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥245.9B | ¥281.7B | ¥240.4B | ¥267.4B | ¥254.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,417 | ¥1,194 | ¥1,307 | ¥1,241 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,661 | ¥2,515 | ¥2,386 | ¥2,283 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥87.7B | ¥24.5B | ¥38.5B | ¥30.2B | ¥33.0B |
| Interest Paid | — | ¥-234M | ¥-135M | ¥-162M | ¥-158M |
| Interest Received | — | ¥3.6B | ¥2.8B | ¥2.3B | ¥2.1B |
| D&A | ¥9.0B | ¥7.1B | ¥6.7B | ¥6.8B | ¥6.7B |
| Investing CF | ¥-59.9B | ¥3.6B | ¥-22.2B | ¥-27.4B | ¥-10.0B |
| Purchase Investments | — | — | — | — | ¥-9.4B |
| Financing CF | ¥-30.2B | ¥-25.0B | ¥-16.0B | ¥-9.3B | ¥-8.3B |
| Dividends Paid | — | ¥-16.7B | ¥-8.5B | ¥-7.8B | ¥-7.5B |
| Share Buybacks | — | ¥-8.0B | ¥-7.3B | ¥-464M | ¥-4M |
| Free Cash Flow | ¥87.7B | ¥24.5B | ¥38.5B | ¥30.2B | ¥33.0B |
| Net Change in Cash | — | ¥4.1B | ¥1.0B | ¥-5.0B | ¥15.4B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.0% | 8.1% | 6.1% | 5.5% | 5.3% |
| ROA | 8.0% | 5.8% | 4.3% | 4.0% | 3.8% |
| EPS | ¥350.53 | ¥236.26 | ¥165.34 | ¥140.15 | ¥128.65 |
| DPS | ¥60.00 | ¥90.00 | ¥63.00 | ¥40.00 | ¥37.00 |
| BPS | ¥3,340.44 | ¥3,014.06 | ¥2,848.11 | ¥2,598.73 | ¥2,493.25 |
| FCF/Share | — | ¥123 | ¥191 | ¥147 | ¥161 |
| NCAV/Share | — | ¥1,417 | ¥1,194 | ¥1,307 | ¥1,241 |
| Payout Ratio | 17.1% | 38.1% | 38.1% | 28.5% | 28.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 7
Capital Allocation Signals 3
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-25
16:30
|
TOB | ¥15.4B ¥11501.0/sh 15.3% | KINDEN (Code: 1944) announced a tender offer (TOB) to acquire all outstanding shares of Kodensha (Code: 1948) at ¥11,501… | |
|
Summary
KINDEN (Code: 1944) announced a tender offer (TOB) to acquire all outstanding shares of Kodensha (Code: 1948) at ¥11,501 per share, with a minimum acceptance threshold of 1,336,800 shares (15.31% ownership). The offer period runs from May 26 to July 6, 2026, with the goal of making Kodensha a wholly-owned subsidiary. Mitsubishi Electric, which currently owns 51.36% of Kodensha, has agreed not to tender its shares and will participate in subsequent squeeze-out procedures including share consolidation and self-share acquisition.
Deadline: 2026-07-06
% of Shares: 15.3%
Shares: 1,336,800
Source (JP)
株式会社きんでんは、本日、株式会社弘電社の普通株式を金融商品取引法による公開買付けにより取得することを決定いたしました。買付け等の期間:2026年5月26日(火曜日)から2026年7月6日(月曜日)まで。買付け等の価格:普通株式1株につき金11,501円。買付予定数の下限:1,336,800(株)。公開買付けの目的:完全子会社化
株式会社弘電社(証券コード:1948)の株券に対する公開買付けの開始に関するお知らせ
TDnet PDF
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2026-04-27
15:30
|
Buyback | 16.9% | Kindencompany announced a public tender offer (TOB) to acquire up to 33.5 million shares (16.92% of outstanding) held by… | |
|
Summary
Kindencompany announced a public tender offer (TOB) to acquire up to 33.5 million shares (16.92% of outstanding) held by Kansai Electric Power and its subsidiaries at a price representing 11% discount to the 3-month average closing price as of April 24, 2026. The acquisition aims to enhance capital efficiency, improve ROE, and strengthen shareholder returns while maintaining the strategic partnership with Kansai Electric. The company will finance the acquisition through debt borrowing.
% of Shares: 16.9%
Shares: 33,500,000
Source (JP)
本公開買付けにおける買付予定数については、関西電力グループからの応募のうち33,500,000株(所有割合:16.92%)について、本公開買付けへ応募する方法で売却する意向がある旨の連絡を受けました。本公開買付価格は、本公開買付け実施に係る取締役会決議の予定日である2026年4月27日の前営業日である2026年4月24日までの過去3ヶ月間の当社普通株式の終値の単純平均値に対して11%のディスカウントを行った価格とすることで合意するに至りました。
自己株式の取得及び自己株式の公開買付け、自己株式の消却並びに資金の借入れに関するお知らせ
TDnet PDF
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2026-04-27
15:30
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Div Increase | ¥13.9B ¥70.0/sh +40% | KINDEN (1944) announced a dividend increase for FY2026 (ending March 31, 2026), raising the year-end payout by 5 yen to … | |
|
Summary
KINDEN (1944) announced a dividend increase for FY2026 (ending March 31, 2026), raising the year-end payout by 5 yen to 70 yen per share from the previous forecast of 65 yen, resulting in total annual dividend of 130 yen (including 60 yen interim). The company also guided FY2027 annual dividend of 240 yen per share, comprising 140 yen ordinary dividend and 100 yen special dividend linked to medium-term management plan targets.
Deadline: 2026-06-25
YoY: +40%
Source (JP)
当期の業績等を踏まえ、さらに5円増配し、1株当たり70円を予定しております。この結果、当期の年間配当金は、中間配当金60円を加えて、1株当たり130円となります。
剰余金の配当(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Kansai Electric Power Company, Incorporated
関西電力株式会社
|
58,905,579 | 29.64% |
| 2 |
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)
|
22,258,300 | 11.20% |
| 3 | 関電不動産開発株式会社 | 14,507,319 | 7.30% |
| 4 |
Employee Stock Ownership Plan
きんでん従業員持株会
|
9,038,726 | 4.55% |
| 5 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
6,771,000 | 3.41% |
| 6 |
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決済営業部)
|
4,721,592 | 2.38% |
| 7 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 380055(常任代理人 株式会社みずほ銀行決済営業部)
|
2,704,080 | 1.36% |
| 8 | GOVERNMENT OF NORWAY(常任代理人 シティバンク、エヌ・エイ東京支店) | 2,283,665 | 1.15% |
| 9 | STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部) | 2,150,952 | 1.08% |
| 10 | J.P. MORGAN BANK LUXEMBOURG S.A. 384513(常任代理人 株式会社みずほ銀行決済営業部) | 2,101,500 | 1.06% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
14.6%
+2.3% 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
48.5%
-2.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 63.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| The Kansai Electric Power Company, Incorporated 関西電力 | 28.78% | 29.26% | 29.64% +0.38% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 9.41% | 9.26% | 11.20% +1.94% | |
| 関電不動産開発 | 7.09% | 7.21% | 7.30% +0.09% | |
| Employee Stock Ownership Plan きんでん従業員持株会 | 4.76% | 4.61% | 4.55% -0.06% | |
| Japan Custody Bank 日本カストディ銀行 | 3.38% | 3.07% | 3.41% +0.34% | |
| STATE STREET BANK AND TRUST COMPANY STATE STREET BANK AND TRUST COMPANY 505001 | 1.42% | 1.47% | 2.38% +0.91% | |
| JP MORGAN CHASE BANK JP MORGAN CHASE BANK 380055 ↑ | 1.46% | 1.30% | 1.36% +0.06% | |
| GOVERNMENT OF NORWAY NEW ENTRY | — | — | — | 1.15% NEW |
| STATE STREET BANK AND TRUST COMPANY 505103 NEW ENTRY | — | — | — | 1.08% NEW |
| J.P. MORGAN BANK LUXEMBOURG S.A. 384513 NEW ENTRY | — | — | — | 1.06% NEW |
| NORTHERN TRUST CO.(AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST NORTHERN TRUST CO.(AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST last seen 2024 | Exited Top 10 | 5.77% | 3.76% | — |
| NORTHERN TRUST CO.(AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS NORTHERN TRUST CO.(AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS last seen 2024 | Exited Top 10 | 2.44% | 1.70% | — |
| NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT last seen 2024 | Exited Top 10 | 1.92% | 1.44% | — |
| Concentration (HHI) ⓘ | 1048 | 1048 | 1101 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥88,214M
+19% since 2023
Holdings
66
+12 new
12 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥88,214M total | FY2023 ¥74,384M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
11,515 |
2,059,000
|
6,139 | 2,059,000 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
10,475 |
4,004,500
|
7,528 | 4,004,500 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱ (注3)
|
5,987 |
NEW
New
4,500,000
|
— | ||
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
4,842 |
300,000
|
7,096 | 300,000 | M |
|
RESORTTRUST,INC.
リゾートトラスト㈱
|
4,187 |
1,442,600
|
3,042 | 1,442,600 | M |
|
AEON Co.,Ltd.
イオン㈱
|
3,530 |
941,406
|
2,415 | 941,406 | |
|
Itochu Corporation
伊藤忠商事㈱
|
3,374 |
489,000
|
2,103 | 489,000 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
3,194 |
1,588,460
|
1,346 | 1,588,460 | |
|
NIPPON PAINT HOLDINGS CO.,LTD.
日本ペイントホールディングス㈱
|
2,785 |
2,485,000
|
3,076 | 2,485,000 | |
|
Hulic Co.,Ltd.
ヒューリック㈱
|
2,477 |
1,723,800
|
1,873 | 1,723,800 | |
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業㈱
|
2,469 |
500,000
|
1,557 | 500,000 | |
|
Mitsubishi Logistics Corporation
三菱倉庫㈱ (注5)
|
2,441 |
NEW
New
2,525,000
|
— | ||
|
Keihanshin Building Co., Ltd.
京阪神ビルディング㈱
|
1,894 |
1,393,000
|
1,666 | 1,393,000 | M |
|
TACHIBANA ELETECH CO.,LTD.
㈱立花エレテック
|
1,811 |
754,020
|
1,499 | 754,020 | M |
|
TOKYU CONSTRUCTION CO.,LTD.
東急建設㈱
|
1,533 |
1,924,000
|
1,298 | 1,924,000 | |
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
1,404 |
1,163,000
|
1,188 | 1,163,000 | |
|
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業㈱
|
1,354 |
845,000
|
2,335 | 845,000 | |
|
Shochiku Co;Ltd.
松竹㈱
|
1,292 |
105,000
|
1,200 | 105,000 | |
|
ZERIA PHARMCEUTICAL CO., LTD.
ゼリア新薬工業㈱
|
1,238 |
548,900
|
1,232 | 548,900 | M |
|
NICHIREI CORPORATION
㈱ニチレイ
|
1,155 |
325,000
|
872 | 325,000 | |
|
SCREEN Holdings Co., Ltd.
㈱SCREENホールディングス
|
1,151 |
+100.0%
↑
120,000
|
699 | 60,000 | |
|
T&D Holdings, Inc.
㈱T&Dホールディングス
|
1,070 |
337,200
|
553 | 337,200 | |
|
FUJITEC CO., LTD.
フジテック㈱
|
945 |
160,000
|
525 | 160,000 | M |
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
865 |
500,000
|
526 | 500,000 | |
|
izumico.,ltd
㈱イズミ
|
810 |
256,200
|
805 | 256,200 | |
|
HEIWA REAL ESTATE CO.,LTD.
平和不動産㈱
|
799 |
170,000
|
643 | 170,000 | M |
| パナソニック ホールディングス㈱ | 763 |
431,230
|
509 | 431,230 | M |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
762 |
100,000
|
340 | 100,000 | |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
751 |
+100.0%
↑
263,200
|
1,267 | 131,600 | |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
634 |
261,000
|
411 | 261,000 | |
|
NH Foods Ltd.
日本ハム㈱
|
606 |
121,000
|
464 | 121,000 | |
|
Kintetsu Department Store Co.
㈱近鉄百貨店
|
589 |
-71.5%
↓
268,600
|
2,302 | 942,300 | |
|
TOKYU CORPORATION
東急㈱
|
515 |
+0.2%
↑
306,100
|
538 | 305,424 | |
|
HEIWADO CO.,LTD.
㈱平和堂
|
490 |
193,000
|
392 | 193,000 | |
|
OBAYASHI CORPORATION
㈱大林組
|
488 |
-50.0%
↓
246,000
|
498 | 492,000 | |
| J.フロント リテイリング㈱ | 475 |
+0.4%
↑
258,379
|
340 | 257,375 | |
|
EZAKI GLICO CO.,LTD.
江崎グリコ㈱
|
474 |
102,500
|
341 | 102,500 | |
|
Kabukiza Co.
㈱歌舞伎座
|
450 |
100,000
|
475 | 100,000 | |
|
AEON DELIGHT CO., LTD.
イオンディライト㈱
|
425 |
+1.3%
↑
78,863
|
236 | 77,859 | |
|
Rengo Co., Ltd.
レンゴー㈱
|
419 |
529,000
|
454 | 529,000 | |
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング㈱
|
411 |
100,000
|
660 | 100,000 | |
|
CHIYODA CORPORATION
千代田化工建設㈱
|
409 |
1,215,000
|
475 | 1,215,000 | |
|
KAWADEN CORPORATION
㈱かわでん
|
399 |
NEW
New
100,000
|
— | ||
|
Niterra Co., Ltd.
日本特殊陶業㈱
|
370 |
82,000
|
224 | 82,000 | |
|
Imperial Hotel, Ltd.
㈱帝国ホテル
|
357 |
+100.0%
↑
400,000
|
383 | 200,000 | |
|
Suruga Bank Ltd.
スルガ銀行㈱
|
356 |
NEW
New
265,000
|
— | ||
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
330 |
NEW
New
100,000
|
— | ||
|
NIPPN CORPORATION
㈱ニップン
|
316 |
146,000
|
242 | 146,000 | |
|
IHI Corporation
㈱IHI
|
309 |
NEW
New
30,000
|
— | ||
|
SENKO Group Holdings Co.,Ltd.
センコーグループホールディングス㈱
|
301 |
200,000
|
189 | 200,000 | |
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
299 |
NEW
New
284,000
|
— | ||
|
WACOAL HOLDINGS CORP.
㈱ワコールホールディングス
|
280 |
NEW
New
55,000
|
— | ||
|
KAJIMA CORPORATION
鹿島建設㈱
|
268 |
-50.1%
↓
88,000
|
282 | 176,500 | |
| 南海電気鉄道㈱ | 245 |
100,000
|
292 | 100,000 | |
|
Keihan Holdings Co.,Ltd.
京阪ホールディングス㈱
|
225 |
69,200
|
239 | 69,200 | M |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
202 |
NEW
New
50,000
|
— | ||
|
Sekisui Jushi Corporation
積水樹脂㈱
|
191 |
100,000
|
207 | 100,000 | |
|
ISHIHARA SANGYO KAISHA, LTD.
石原産業㈱
|
177 |
NEW
New
99,500
|
— | ||
|
Nippon Pillar Packing Co., Ltd.
㈱PILLAR (注7)
|
166 |
NEW
New
50,000
|
— | ||
|
The Kiyo Bank, Ltd.
㈱紀陽銀行
|
165 |
NEW
New
71,900
|
— | ||
|
NISSHIN SEIFUN GROUP INC.
㈱日清製粉グループ本社
|
— | — | |||
|
JSR Corporation
JSR㈱
|
— | — | |||
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
— | — | |||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
— | — | |||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— | — | |||
|
Nomura Holdings Inc.
野村ホールディングス㈱
|
— | — | |||
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— |
−100%
Exit
—
|
2,867 | 774,000 | |
|
Sumitomo Corporation
住友商事㈱
|
— |
−100%
Exit
—
|
332 | 142,000 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
— |
−100%
Exit
—
|
3,726 | 1,500,000 | |
|
Mitsubishi Logistics Corporation
三菱倉庫㈱
|
— |
−100%
Exit
—
|
1,570 | 505,000 | |
| 綜合警備保障㈱ | — |
−100%
Exit
—
|
926 | 260,000 | |
|
KUBOTA CORPORATION
㈱クボタ
|
— |
−100%
Exit
—
|
617 | 309,000 | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
— |
−100%
Exit
—
|
356 | 558,100 | |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学㈱
|
— |
−100%
Exit
—
|
238 | 535,000 | |
|
Marubeni Corporation
丸紅㈱
|
— |
−100%
Exit
—
|
199 | 111,000 | |
| 第一生命ホールディングス㈱ | — |
−100%
Exit
—
|
197 | 81,300 | |
| 日本電信電話㈱ | — |
−100%
Exit
—
|
193 | 48,800 | |
| 日本ピラー工業㈱ | — |
−100%
Exit
—
|
187 | 50,000 | |
| Portfolio total | 88,214 | 74,384 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding