2001
NIPPN CORPORATION
株式会社ニップン
Consumer Defensive · Packaged Foods
Nippn Corporation engages in flour milling and food business in Japan and internationally. It offers premixes, corn products, rice flour, wheat flour and bran, olive oil, flax seed products, etc.; dried noodles; bread, noodles, and confectionery; frozen ingredients and food; and ready-made meals. The company also provides premixes, which include tempura flour, okonomiyaki flour, pancake mixes, etc., under the REGALO brand; and frozen pasta and pasta sauce, cooked rice, popular dishes, snacks, desserts, frozen dough, etc. In addition, it is involved in the research and development of machinery and equipment, health care, pet care, biotechnology, and other business. The company was formerly known as Nippon Flour Mills Co., Ltd. and changed its name to Nippn Corporation in January 2021. Nippn Corporation was founded in 1896 and is headquartered in Tokyo, Japan.
Price
¥2,662
Market Cap
¥208.8B
Ent. Value
¥218.7B
Net Debt
−¥9.9B
Shares Out.
78.4M
P / E
10.1×
EV / EBIT
9.9×
P / Book
0.78×
P / NCAV
28.78×
Div. Yield
1.24%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥418.4B | ¥410.9B | ¥400.5B | ¥365.5B | ¥321.3B |
| Cost of Sales | ¥313.7B | ¥311.3B | ¥306.5B | ¥285.5B | ¥246.4B |
| Gross Profit | ¥104.8B | ¥99.6B | ¥94.0B | ¥80.1B | ¥74.9B |
| SG&A | ¥82.7B | ¥78.1B | ¥73.7B | ¥67.8B | ¥63.6B |
| Operating Income | ¥22.1B | ¥21.5B | ¥20.3B | ¥12.3B | ¥11.3B |
| Non-Operating Income | ¥4.4B | ¥3.5B | ¥3.3B | ¥3.5B | ¥3.6B |
| Dividend Income | — | ¥2.4B | ¥2.1B | ¥1.9B | ¥1.6B |
| Interest Income | — | ¥379M | ¥113M | ¥77M | ¥76M |
| Non-Operating Expenses | — | ¥614M | ¥396M | ¥940M | ¥627M |
| Interest Expense | — | ¥263M | ¥190M | ¥202M | ¥208M |
| Ordinary Income | ¥24.9B | ¥24.4B | ¥23.3B | ¥14.8B | ¥14.3B |
| Pre-tax Income | ¥31.7B | ¥36.9B | ¥36.2B | ¥14.7B | ¥13.6B |
| Income Taxes | ¥9.7B | ¥11.8B | ¥9.5B | ¥4.4B | ¥4.4B |
| Current Tax | — | ¥8.9B | ¥9.7B | ¥4.5B | ¥4.2B |
| Deferred Tax | — | ¥2.9B | ¥-203M | ¥-132M | ¥209M |
| Net Income (owners) | ¥21.8B | ¥24.8B | ¥26.4B | ¥10.3B | ¥9.3B |
| Minority Interest | — | ¥320M | ¥273M | ¥87M | ¥-154M |
| Comprehensive Income | — | ¥23.8B | ¥39.6B | ¥17.5B | ¥12.5B |
| EBITDA | ¥33.4B | ¥32.6B | ¥30.8B | ¥22.5B | ¥21.8B |
| Goodwill Amort. (J-GAAP) | — | ¥188M | ¥188M | ¥224M | ¥239M |
| EPS | ¥262.51 | ¥317.27 | ¥338.20 | ¥132.16 | ¥121.59 |
| Shares Outstanding | — | 78.4M | 78.4M | 78.1M | 77.0M |
| Shares Issued (total) | — | 78.8M | 78.8M | 78.8M | 78.8M |
| Treasury Shares | — | 0.4M | 0.5M | 0.7M | 1.9M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥476.8B | ¥399.2B | ¥386.7B | ¥344.6B | ¥325.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥194.2B | ¥159.0B | ¥157.8B | ¥143.0B | ¥130.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥69.2B | ¥44.9B | ¥45.6B | ¥36.8B | ¥34.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥58.1B | ¥60.6B | ¥54.1B | ¥50.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥282.5B | ¥240.2B | ¥228.9B | ¥201.6B | ¥195.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥157.5B | ¥134.4B | ¥124.4B | ¥113.5B | ¥115.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥809M | ¥998M | ¥1.2B | ¥1.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥2.0B | ¥2.4B | ¥2.2B | ¥2.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥102.6B | ¥85.5B | ¥90.6B | ¥77.3B | ¥69.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥1.9B | ¥1.8B | ¥2.1B | ¥1.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥186.9B | ¥152.7B | ¥158.4B | ¥152.0B | ¥147.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥82.8B | ¥104.4B | ¥84.4B | ¥78.6B | ¥74.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥34.3B | ¥33.8B | ¥36.7B | ¥33.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥15.8B | ¥17.3B | ¥18.9B | ¥17.6B | ¥19.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥4.0B | ¥7.5B | ¥2.6B | ¥1.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥104.2B | ¥48.3B | ¥74.0B | ¥73.4B | ¥72.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥63.2B | ¥14.7B | ¥17.2B | ¥21.3B | ¥24.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥3.6B | ¥3.8B | ¥3.9B | ¥3.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥24.7B | ¥22.5B | ¥17.7B | ¥14.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥289.9B | ¥246.5B | ¥228.3B | ¥192.6B | ¥178.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥12.2B | ¥12.2B | ¥12.2B | ¥12.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥9.8B | ¥9.8B | ¥9.7B | ¥11.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥187.1B | ¥170.7B | ¥151.5B | ¥129.0B | ¥121.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-1.2B | ¥-1.3B | ¥-1.3B | ¥-3.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥50.6B | ¥51.9B | ¥39.1B | ¥32.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥217.3B | ¥191.5B | ¥172.2B | ¥149.6B | ¥142.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥4.2B | ¥3.9B | ¥3.7B | ¥4.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥79.1B | ¥32.0B | ¥36.1B | ¥38.9B | ¥43.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-9.9B | ¥12.9B | ¥9.5B | ¥-2.1B | ¥-9.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥7.3B | ¥6.3B | ¥-647M | ¥-9.0B | ¥-16.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥80 | ¥-8 | ¥-115 | ¥-213 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,442 | ¥2,197 | ¥1,915 | ¥1,847 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥25.3B | ¥18.8B | ¥24.0B | ¥15.1B | ¥12.0B |
| Interest Paid | — | ¥-261M | ¥-189M | ¥-202M | ¥-196M |
| Interest Received | — | ¥2.7B | ¥2.2B | ¥2.0B | ¥1.6B |
| D&A | ¥11.3B | ¥10.9B | ¥10.3B | ¥10.0B | ¥10.2B |
| Goodwill Amort. | — | ¥188M | ¥188M | ¥224M | ¥239M |
| Investing CF | ¥-27.1B | ¥-7.8B | ¥-9.5B | ¥-5.0B | ¥-10.1B |
| Purchase Investments | — | ¥-1.2B | ¥-157M | ¥-176M | ¥-1.2B |
| Financing CF | ¥24.5B | ¥-10.5B | ¥-7.2B | ¥-8.4B | ¥-4.3B |
| Dividends Paid | — | ¥-5.6B | ¥-3.8B | ¥-3.0B | ¥-2.8B |
| Share Buybacks | — | ¥-1M | ¥-448M | ¥-2M | ¥0M |
| LT Debt Repaid | — | ¥-3.5B | ¥-3.9B | ¥-2.4B | ¥-2.3B |
| Free Cash Flow | ¥25.3B | ¥18.8B | ¥24.0B | ¥15.1B | ¥12.0B |
| Net Change in Cash | — | ¥743M | ¥7.6B | ¥2.0B | ¥-2.2B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 8.1% | 10.6% | 12.8% | 5.7% | 5.5% |
| ROA | 5.0% | 6.3% | 7.2% | 3.1% | 2.9% |
| EPS | ¥262.51 | ¥317.27 | ¥338.20 | ¥132.16 | ¥121.59 |
| DPS | ¥33.00 | ¥66.00 | ¥66.00 | ¥40.00 | ¥38.00 |
| BPS | ¥3,415.52 | ¥3,102.27 | ¥2,874.28 | ¥2,421.48 | ¥2,268.30 |
| FCF/Share | — | ¥239 | ¥307 | ¥193 | ¥156 |
| NCAV/Share | — | ¥80 | ¥-8 | ¥-115 | ¥-213 |
| Payout Ratio | 12.6% | 20.8% | 19.5% | 30.3% | 31.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 23
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
16:00
|
Div Increase | ¥35.0/sh +6% | NIPPN (Code 2001, TSE Prime) announced a dividend increase of ¥35.00 per share for FY2026 (ended March 31, 2026), up ¥2.… | |
|
Summary
NIPPN (Code 2001, TSE Prime) announced a dividend increase of ¥35.00 per share for FY2026 (ended March 31, 2026), up ¥2.00 from the prior forecast of ¥33.00, representing a +6.1% increase year-over-year. Combined with the interim dividend of ¥33.00, total annual dividend is ¥68.00 per share, with total dividend payout of ¥2,906 million set to be effective June 29, 2026.
Deadline: 2026-06-29
YoY: +6%
Source (JP)
当期の期末配当は、当期の業績が予想を上回る水準となったことから、株主の皆様への一層の利益還元を図るため、２０２５年５月１３日に公表した予想より２円増配の１株当たり３５円といたします。
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 |
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）
|
7,554 | 9.60% |
| 2 |
Business Partner Stock Ownership Plan
ニップン取引先持株会
|
4,429 | 5.60% |
| 3 | 大樹生命保険株式会社 | 3,497 | 4.50% |
| 4 |
DUSKIN CO.,LTD.
株式会社ダスキン
|
2,510 | 3.20% |
| 5 |
Mitsui & Co., Ltd.
三井物産株式会社
|
2,350 | 3.00% |
| 6 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
2,246 | 2.90% |
| 7 |
Norinchukin Bank
農林中央金庫
|
2,060 | 2.60% |
| 8 |
Mitsui Sumitomo Insurance Company, Limited
三井住友海上火災保険株式会社
|
1,879 | 2.40% |
| 9 | さぬき丸一製麺株式会社 | 1,755 | 2.20% |
| 10 | 東洋水産株式会社 | 1,697 | 2.20% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
9.6%
+1.0% 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
28.6%
-2.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.2% · 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 | 10.00% | 8.60% | 9.60% +1.00% | |
| Business Partner Stock Ownership Plan ニップン取引先持株会 | 5.90% | 5.70% | 5.60% -0.10% | |
| 大樹生命保険 | 4.50% | 4.50% | 4.50% | |
| DUSKIN CO.,LTD. 式会社ダスキン | 3.20% | 3.20% | 3.20% | |
| Mitsui & Co., Ltd. 三井物産 | 4.30% | 4.30% | 3.00% -1.30% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 2.90% | 2.90% | 2.90% | |
| Norinchukin Bank 農林中央金庫 | 2.60% | 2.60% | 2.60% | |
| Mitsui Sumitomo Insurance Company, Limited 三井住友海上火災保険 | 2.40% | 2.40% | 2.40% | |
| さぬき丸一製麺 | — | 2.20% | 2.20% | |
| 東洋水産 NEW ENTRY | — | — | — | 2.20% NEW |
| Itochu Corporation 伊藤忠商事 last seen 2024 | Exited Top 10 | 2.90% | 2.90% | — |
| 日本カストディ銀行 last seen 2023 | Exited Top 10 | 2.30% | — | — |
| Concentration (HHI) ⓘ | 218 | 190 | 194 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥55,978M
-2% since 2023
Holdings
47
+4 new
16 exited
Trend
8 unwinding
vs 2023
| Held Company | FY2025 ¥55,978M total | FY2023 ¥57,321M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
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㈱
|
9,554 |
+181.3%
↑
2,962,500
|
4,324 | 1,053,160 | |
|
TOYO SUISAN KAISHA, LTD.
東洋水産㈱
|
9,492 |
1,079,422
|
5,990 | 1,079,422 | M |
|
Mitsui & Co., Ltd.
三井物産㈱
|
8,605 |
+23.9%
↑
3,073,800
|
10,212 | 2,481,270 | M |
|
DUSKIN CO.,LTD.
㈱ダスキン
|
6,733 |
+0.3%
↑
1,850,237
|
5,884 | 1,844,627 | M |
|
Itochu Corporation
伊藤忠商事㈱
|
5,700 |
-50.0%
↓
826,000
|
7,105 | 1,652,106 | M |
|
NISSIN FOODS HOLDINGS CO.,LTD.
日清食品ホールディングス㈱
|
5,438 |
+170.5%
↑
1,781,201
|
7,986 | 658,389 | |
| ㈱ホットランド | 2,366 |
1,078,000
|
1,587 | 1,078,000 | M |
|
YAMAZAKI BAKING CO., LTD.
山崎製パン㈱
|
1,440 |
500,000
|
802 | 500,000 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
1,176 |
-0.0%
↓
361,900
|
2,283 | 361,942 | M |
|
S&B FOODS INC.
ヱスビー食品㈱
|
912 |
171,090
|
603 | 171,090 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
592 |
+66.4%
↑
156,000
|
496 | 93,733 | |
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
475 |
+2.3%
↑
189,746
|
696 | 185,506 | |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
473 |
+49.4%
↑
190,000
|
714 | 127,142 | M |
|
NAKAMURAYA CO.,LTD.
㈱中村屋
|
465 |
+0.9%
↑
148,829
|
456 | 147,561 | M |
|
Shimadaya Corporation
シマダヤ㈱
|
443 |
NEW
New
265,900
|
— | M | |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社㈱
|
307 |
-30.7%
↓
112,841
|
457 | 162,841 | |
|
BOURBON CORPORATION
㈱ブルボン
|
195 |
-21.4%
↓
77,152
|
209 | 98,120 | |
|
EAT&HOLDINGS Co.,Ltd.
㈱イートアンドホールディングス
|
185 |
90,000
|
201 | 90,000 | |
|
EZAKI GLICO CO.,LTD.
江崎グリコ㈱
|
176 |
38,115
|
127 | 38,115 | |
|
ITOCHU-SHOKUHIN Co., Ltd.
伊藤忠食品㈱
|
150 |
20,000
|
102 | 20,000 | M |
|
KITOKU SHINRYO CO., LTD.
木徳神糧㈱
|
125 |
18,032
|
71 | 18,032 | M |
|
Fujiya Co.,Ltd
㈱不二家
|
117 |
+5.7%
↑
49,039
|
114 | 46,412 | |
|
ROCK FIELD CO.,LTD.
㈱ロック・フィールド
|
106 |
+3.3%
↑
66,932
|
101 | 64,792 | |
|
SHOEI FOODS CORPORATION
正栄食品工業㈱
|
101 |
24,482
|
98 | 24,482 | |
|
FIRST BAKING CO.,LTD.
第一屋製パン㈱
|
83 |
142,000
|
56 | 142,000 | |
|
McDonald's Holdings Company(Japan),Ltd.
日本マクドナルドホールディングス㈱
|
71 |
+4.3%
↑
12,444
|
65 | 11,935 | |
|
Sojitz Corporation
双日㈱
|
56 |
-49.8%
↓
17,300
|
95 | 34,474 | M |
|
ROYAL HOLDINGS Co., Ltd.
ロイヤルホールディングス㈱
|
54 |
21,228
|
59 | 21,228 | |
|
TRIAL Holdings, Inc.
㈱トライアルホールディングス
|
43 |
NEW
New
20,000
|
— | ||
|
ZENSHO HOLDINGS CO.,LTD.
㈱ゼンショーホールディングス
|
40 |
-71.6%
↓
5,000
|
69 | 17,600 | |
|
Maruichi Sanisho Co., Ltd.
㈱マルイチ産商
|
36 |
-63.7%
↓
32,838
|
99 | 90,353 | |
|
TOWA FOOD SERVICE CO.,LTD.
東和フードサービス㈱
|
34 |
16,000
|
24 | 16,000 | |
|
RETAIL PARTNERS CO., LTD.
㈱リテールパートナーズ
|
34 |
25,244
|
34 | 25,244 | |
|
oie sangyo co.,ltd
尾家産業㈱
|
24 |
12,650
|
13 | 12,650 | M |
|
Yakiniku Sakai Holdings Inc.
㈱焼肉坂井ホールディングス
|
24 |
338,800
|
24 | 338,800 | |
|
ARCS COMPANY,LIMITED
㈱アークス
|
16 |
-49.7%
↓
5,800
|
25 | 11,524 | |
|
TOHO Co.,Ltd.
㈱トーホー
|
16 |
4,800
|
10 | 4,800 | |
|
Central Forest Group, Inc.
セントラルフォレストグループ㈱
|
15 |
5,000
|
9 | 5,000 | |
|
VALOR HOLDINGS CO.,LTD.
㈱バローホールディングス
|
15 |
6,336
|
12 | 6,336 | |
| エイチ・ツー・オー リテイリング㈱ | 14 |
NEW
New
6,600
|
— | ||
|
KOMEDA Holdings Co., Ltd
㈱コメダホールディングス
|
14 |
5,000
|
11 | 5,000 | |
|
TEN ALLIED CO.,LTD.
テンアライド㈱
|
13 |
48,672
|
12 | 48,672 | |
|
key coffee inc
キーコーヒー㈱
|
12 |
6,000
|
12 | 6,000 | |
|
HIGASHIMARU CO., LTD.
㈱ヒガシマル
|
11 |
10,000
|
8 | 10,000 | |
|
LIFE CORPORATION
㈱ライフコーポレーション
|
11 |
+100.0%
↑
5,796
|
7 | 2,898 | |
|
YAMANAKA CO.,LTD.
㈱ヤマナカ
|
8 |
15,040
|
10 | 15,040 | |
|
FUJIO FOOD GROUP INC.
㈱フジオフードグループ本社
|
8 |
NEW
New
7,000
|
— | ||
|
Kato Sangyo Co., Ltd.
加藤産業㈱
|
— |
−100%
Exit
—
|
191 | 54,503 | M |
|
KANSAI FOOD MARKET LTD.
㈱関西フードマーケット
|
— |
−100%
Exit
—
|
9 | 6,600 | |
|
NittoBest Corporation
日東ベスト㈱
|
— |
−100%
Exit
—
|
28 | 39,000 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
— |
−100%
Exit
—
|
4,689 | 487,000 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
537 | 118,449 | |
|
Seven & i Holdings Co., Ltd.
㈱セブン＆アイ・ホールディングス
|
— |
−100%
Exit
—
|
197 | 33,048 | |
|
inageya co.,ltd.
㈱いなげや
|
— |
−100%
Exit
—
|
155 | 121,000 | M |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
73 | 10,000 | |
|
Aeon Hokkaido Corporation
イオン北海道㈱
|
— |
−100%
Exit
—
|
42 | 52,800 | |
|
Leon Automatic Machine Co., Ltd.
レオン自動機㈱
|
— |
−100%
Exit
—
|
32 | 24,843 | |
|
United Super Markets Holdings Inc.
ユナイテッド・スーパーマーケット・ホールディングス㈱
|
— |
−100%
Exit
—
|
24 | 21,780 | |
|
eco's co.,ltd
㈱エコス
|
— |
−100%
Exit
—
|
18 | 10,000 | |
|
YAMAZAWA CO.,LTD.
㈱ヤマザワ
|
— |
−100%
Exit
—
|
18 | 14,520 | |
|
Olympic Group Corporation
㈱Olympicグループ
|
— |
−100%
Exit
—
|
17 | 33,000 | |
| ㈱マミーマート | — |
−100%
Exit
—
|
13 | 6,050 | |
|
Japan Seima Co., Ltd.
日本製麻㈱
|
— |
−100%
Exit
—
|
6 | 9,000 | |
| Portfolio total | 55,978 | 57,321 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding