3861
Oji Holdings Corporation
王子ホールディングス株式会社
Pulp & Paper
Oji Holdings Corporation manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally. The Household and Industrial Materials segment offers corrugated containers, containerboard, special paperboard, boxboards, packaging paper, liquid paper cartons, filters, folding cartons, kraft heavy-duty sacks, insulation, paper bags, paper cores, and plastic trays. This segment also provides facial tissues, toilet rolls, kitchen and hand towels, wet disinfecting wipes, masks, towels, incontinence aid products, nursing care products/disposable diapers, skincare products, products for professional use, and other nursing care products. Its Functional Materials segment offers food containers and packaging materials, functional films, functional materials for manufacturing and industrial use, agricultural materials, medical and hygiene-related materials, thermal paper, non-woven fabric, adhesive base paper, release liner sheets, printing and publication paper, and writing and office supplies, as well as specialty paper. The Forest Resources and Environment Marketing segment provides pulp, lumber, electric power, starch, and saccharified products, as well as afforestation and lumber processing services. Its Printing and Communications Media segment provides newsprints, printing and publication papers, and communication papers. The company also engages in the trading, sustainable packaging, logistics, engineering, real estate, and liquid packaging carton businesses; and provision of cellulose nanofiber and cellulose-related products, CellAraay-Heart cell culture substrate for controlled cell orientation, oji licorice, and PaPiPress products. The company was formerly known as Oji Paper Co., Ltd. and changed its name to Oji Holdings Corporation in October 2012. Oji Holdings Corporation was founded in 1873 and is headquartered in Chuo, Japan.
Price
¥782
Market Cap
¥732.7B
Ent. Value
¥1.5T
Net Debt
−¥738.0B
Shares Out.
936.7M
P / E
16.5×
EV / EBIT
21.7×
⚠ TSE Capital Mandate
P / Book
0.66×
P / NCAV
N/M
Div. Yield
3.07%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥1,849.3B | ¥1,696.3B | ¥1,706.6B | ¥1,470.2B |
| Cost of Sales | ¥1,499.9B | ¥1,372.2B | ¥1,366.6B | ¥1,126.2B |
| Gross Profit | ¥349.4B | ¥324.1B | ¥340.0B | ¥344.0B |
| SG&A | ¥281.7B | ¥251.5B | ¥255.2B | ¥223.8B |
| Operating Income | ¥67.7B | ¥72.6B | ¥84.8B | ¥120.1B |
| Non-Operating Income | ¥23.1B | ¥33.6B | ¥25.4B | ¥30.4B |
| Dividend Income | ¥4.1B | ¥3.9B | ¥3.6B | ¥3.3B |
| Interest Income | ¥2.4B | ¥3.0B | ¥1.4B | ¥883M |
| Non-Operating Expenses | ¥22.2B | ¥20.2B | ¥15.2B | ¥15.4B |
| Interest Expense | ¥8.6B | ¥6.8B | ¥6.3B | ¥6.7B |
| Ordinary Income | ¥68.6B | ¥86.0B | ¥95.0B | ¥135.1B |
| Pre-tax Income | ¥84.4B | ¥77.6B | ¥84.6B | ¥129.3B |
| Income Taxes | ¥36.4B | ¥25.3B | ¥26.5B | ¥36.9B |
| Current Tax | ¥38.0B | ¥27.5B | ¥26.4B | ¥37.5B |
| Deferred Tax | ¥-1.6B | ¥-2.2B | ¥41M | ¥-614M |
| Net Income (owners) | ¥46.2B | ¥50.8B | ¥56.5B | ¥87.5B |
| Minority Interest | ¥1.8B | ¥1.5B | ¥1.7B | ¥4.9B |
| Comprehensive Income | ¥86.6B | ¥148.9B | ¥117.1B | ¥135.4B |
| EBITDA | ¥161.9B | ¥154.4B | ¥158.9B | ¥186.8B |
| Goodwill Amort. (J-GAAP) | ¥5.1B | ¥2.3B | ¥1.1B | ¥804M |
| EPS | ¥47.34 | ¥51.31 | ¥57.00 | ¥88.35 |
| Shares Outstanding | 936.7M | 986.0M | 992.6M | 991.8M |
| Shares Issued (total) | 1.01B | 1.01B | 1.01B | 1.01B |
| Treasury Shares | 77.7M | 28.4M | 21.8M | 22.6M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,635.0B | ¥2,442.5B | ¥2,296.0B | ¥2,053.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥806.5B | ¥773.3B | ¥788.7B | ¥645.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥58.4B | ¥58.1B | ¥50.8B | ¥44.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥305.3B | ¥296.1B | ¥309.6B | ¥260.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,828.5B | ¥1,669.2B | ¥1,507.3B | ¥1,408.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,381.4B | ¥1,273.5B | ¥1,208.2B | ¥1,127.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥58.3B | ¥18.1B | ¥11.9B | ¥3.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥110.5B | ¥34.5B | ¥26.0B | ¥11.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥197.8B | ¥217.9B | ¥180.1B | ¥168.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥13.0B | ¥9.9B | ¥6.8B | ¥8.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,502.2B | ¥1,347.0B | ¥1,331.5B | ¥1,178.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥738.8B | ¥668.2B | ¥687.1B | ¥533.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥263.8B | ¥274.7B | ¥251.2B | ¥234.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥236.2B | ¥216.5B | ¥226.7B | ¥166.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥20.6B | ¥22.0B | ¥16.6B | ¥24.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥763.4B | ¥678.8B | ¥644.4B | ¥645.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥560.2B | ¥480.2B | ¥475.6B | ¥484.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥51.1B | ¥54.4B | ¥53.5B | ¥54.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥101.2B | ¥95.2B | ¥69.3B | ¥64.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,132.8B | ¥1,095.5B | ¥964.6B | ¥875.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥103.9B | ¥103.9B | ¥103.9B | ¥103.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥86.0B | ¥85.7B | ¥85.9B | ¥99.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥672.0B | ¥645.3B | ¥607.6B | ¥567.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-45.8B | ¥-16.6B | ¥-12.9B | ¥-13.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥285.7B | ¥248.1B | ¥152.5B | ¥94.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥816.1B | ¥818.3B | ¥784.4B | ¥756.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥31.0B | ¥29.0B | ¥27.5B | ¥24.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥796.4B | ¥696.7B | ¥702.3B | ¥650.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-738.0B | ¥-638.6B | ¥-651.6B | ¥-605.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-695.7B | ¥-573.7B | ¥-542.8B | ¥-532.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-743 | ¥-582 | ¥-547 | ¥-537 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥871 | ¥830 | ¥790 | ¥763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥94.4B | ¥202.9B | ¥18.3B | ¥143.6B |
| Interest Paid | ¥-6.5B | ¥-5.5B | ¥-5.2B | ¥-5.8B |
| Interest Received | ¥7.7B | ¥8.2B | ¥7.7B | ¥5.0B |
| D&A | ¥89.2B | ¥79.5B | ¥73.0B | ¥65.9B |
| Goodwill Amort. | ¥5.1B | ¥2.3B | ¥1.1B | ¥804M |
| Investing CF | ¥-154.9B | ¥-118.0B | ¥-123.3B | ¥-92.6B |
| Purchase Investments | ¥-5.7B | ¥-2.2B | ¥-1.7B | ¥-1.3B |
| Financing CF | ¥61.0B | ¥-84.9B | ¥101.8B | ¥-136.0B |
| Dividends Paid | ¥-19.7B | ¥-15.9B | ¥-14.9B | ¥-13.9B |
| Share Buybacks | ¥-29.3B | ¥-4.8B | — | — |
| LT Debt Repaid | ¥-76.1B | ¥-75.5B | ¥-59.9B | ¥-5.2B |
| Free Cash Flow | ¥94.4B | ¥202.9B | ¥18.3B | ¥143.6B |
| Net Change in Cash | ¥3.0B | ¥3.5B | ¥1.4B | ¥-80.3B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 4.3% | 5.1% | 6.3% | 10.9% |
| ROA | 1.8% | 2.1% | 2.6% | 4.3% |
| EPS | ¥47.34 | ¥51.31 | ¥57.00 | ¥88.35 |
| DPS | ¥24.00 | ¥16.00 | ¥16.00 | ¥14.00 |
| BPS | ¥1,177.99 | ¥1,083.06 | ¥945.27 | ¥859.29 |
| FCF/Share | ¥101 | ¥206 | ¥18 | ¥145 |
| NCAV/Share | ¥-743 | ¥-582 | ¥-547 | ¥-537 |
| Payout Ratio | 50.7% | 31.2% | 28.1% | 15.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 12
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
16:00
|
Cancellation | — | 100,000,000 treasury shares to be cancelled. | |
|
Summary
100,000,000 treasury shares to be cancelled.
Shares: 100,000,000
Source (JP)
株式の種類 当社普通株式
2.消却する株式の総数 100,000,000 株(消却前の発行済株式総数に対する割合 9.9%)
3.消却予定日 2026 年5月 29 日
(ご参考)
消却後の発行済株式総数 914,381,817 株
以 上
自己株式の消却に関するお知らせ
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)
|
135,423 | 14.50% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
85,590 | 9.10% |
| 3 | 株式会社フォルティス | 49,682 | 5.30% |
| 4 |
Nippon Life Insurance
日本生命保険相互会社
|
25,658 | 2.70% |
| 5 |
Employee Stock Ownership Plan
王子グループ従業員持株会
|
21,258 | 2.30% |
| 6 |
Mizuho Bank
株式会社みずほ銀行
|
18,030 | 1.90% |
| 7 |
State Street Bank and Trust Company
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)
|
15,248 | 1.60% |
| 8 |
Norinchukin Bank
農林中央金庫
|
14,156 | 1.50% |
| 9 | 藤定 智恵子 | 13,750 | 1.50% |
| 10 | 大樹生命保険株式会社 | 13,442 | 1.40% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
23.6%
-3.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.6%
+1.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
16.6%
+3.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.8% · 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 | 14.90% | 14.20% | 14.50% +0.30% | |
| Japan Custody Bank 日本カストディ銀行 | 10.30% | 12.90% | 9.10% -3.80% | |
| 式会社フォルティス NEW ENTRY | — | — | — | 5.30% NEW |
| Nippon Life Insurance 日本生命保険 | 2.60% | 2.60% | 2.70% +0.10% | |
| Employee Stock Ownership Plan 王子グループ従業員持株会 | 2.10% | 2.10% | 2.30% +0.20% | |
| Mizuho Bank みずほ銀行 | 2.20% | 1.80% | 1.90% +0.10% | |
| State Street NEW ENTRY | 3.60% | — | 1.60% NEW | |
| 藤定 智恵子 | — | 1.50% | 1.50% | |
| Norinchukin Bank 農林中央金庫 | 1.70% | 1.40% | 1.50% +0.10% | |
| 大樹生命保険 | — | 1.40% | 1.40% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 last seen 2024 | Exited Top 10 | 3.20% | 2.40% | — |
| Concentration (HHI) ⓘ | 370 | 394 | 346 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥89,900M
+10% since 2023
Holdings
62
+16 new
16 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥89,900M total | FY2023 ¥81,849M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
13,974 |
+100.3%
↑
3,682,236
|
9,741 | 1,838,712 | |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
11,206 |
NEW
New
2,764,359
|
— | M | |
|
Japan Pulp & Paper Co., Ltd.
日本紙パルプ商事㈱
|
9,883 |
+900.0%
↑
16,389,720
|
8,440 | 1,638,972 | M |
|
KPP GROUP HOLDINGS CO., LTD.
KPPグループホールディングス㈱
|
7,675 |
-7.9%
↓
11,736,810
|
8,533 | 12,736,810 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
5,703 |
2,836,050
|
2,404 | 2,836,050 | M |
|
Nippon Television Holdings, Inc.
日本テレビホールディングス㈱
|
3,722 |
1,219,000
|
1,390 | 1,219,000 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
3,354 |
NEW
New
901,674
|
— | M | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
3,317 |
-38.8%
↓
818,971
|
2,514 | 1,339,071 | M |
|
Lion Corporation
ライオン㈱
|
3,132 |
1,767,095
|
2,528 | 1,767,095 | M |
|
TBS Holdings Co., Ltd.
㈱TBSホールディングス
|
2,781 |
652,275
|
1,242 | 652,275 | |
|
MatsukiyoCocokara & Co
㈱マツキヨココカラ&カンパニー
|
2,502 |
+200.0%
↑
1,069,200
|
2,498 | 356,400 | M |
|
Rengo Co., Ltd.
レンゴー㈱
|
2,429 |
3,066,880
|
2,634 | 3,066,880 | M |
|
JAPAN TOBACCO INC.
日本たばこ産業㈱
|
1,645 |
400,000
|
1,119 | 400,000 | |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
1,589 |
979,220
|
931 | 979,220 | M |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
1,436 |
188,355
|
641 | 188,355 | M |
|
NIPPON FILCON CO.,LTD.
日本フイルコン㈱
|
1,404 |
2,700,183
|
1,279 | 2,700,183 | M |
|
Nissha Co., Ltd.
NISSHA㈱
|
1,220 |
894,321
|
1,662 | 894,321 | M |
|
OHISHI SANGYO CO.,LTD.
大石産業㈱
|
1,071 |
+100.0%
↑
763,136
|
692 | 381,568 | M |
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
1,046 |
+100.0%
↑
417,632
|
784 | 208,816 | |
|
kuribayashi steamship co.,ltd.
栗林商船㈱
|
1,011 |
829,458
|
464 | 829,458 | M |
|
THE PACK CORPORATION
ザ・パック㈱
|
985 |
291,500
|
861 | 291,500 | M |
|
FUJI MEDIA HOLDINGS, INC.
㈱フジ・メディア・ホールディングス
|
917 |
359,500
|
429 | 359,500 | M |
|
Japan Felt Co., Ltd.
日本フエルト㈱
|
805 |
1,674,240
|
691 | 1,674,240 | M |
|
KOKUYO CO.,LTD.
コクヨ㈱
|
798 |
279,866
|
525 | 279,866 | |
|
ICHIKAWA CO., LTD.
イチカワ㈱
|
786 |
414,137
|
551 | 414,137 | M |
|
Tokushu Tokai Paper Co.,Ltd.
特種東海製紙㈱
|
701 |
-33.3%
↓
200,000
|
882 | 300,000 | M |
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス㈱
|
573 |
+200.0%
↑
300,000
|
492 | 100,000 | |
|
Mitsubishi Logistics Corporation
三菱倉庫㈱
|
435 |
+400.0%
↑
450,000
|
279 | 90,000 | M |
|
ARAKAWA CHEMICAL INDUSTRIES, LTD.
荒川化学工業㈱
|
380 |
345,600
|
344 | 345,600 | M |
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
380 |
93,900
|
354 | 93,900 | M |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
254 |
109,295
|
214 | 109,295 | M |
|
EZAKI GLICO CO.,LTD.
江崎グリコ㈱
|
253 |
54,800
|
182 | 54,800 | |
|
Seven & i Holdings Co., Ltd.
㈱セブン&アイ・ホールディングス
|
206 |
+200.0%
↑
95,664
|
190 | 31,888 | |
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
201 |
142,620
|
175 | 142,620 | M |
|
Panasonic Holdings Corporation
パナソニックホールディングス㈱
|
177 |
100,000
|
118 | 100,000 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
177 |
+200.0%
↑
60,000
|
146 | 20,000 | |
|
TSUMURA & CO.
㈱ツムラ
|
172 |
40,000
|
105 | 40,000 | |
|
Superbag Company,Limited
スーパーバッグ㈱
|
155 |
68,395
|
91 | 68,395 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
149 |
+100.0%
↑
52,272
|
251 | 26,136 | |
|
ZENRIN CO., LTD.
㈱ゼンリン
|
132 |
124,855
|
104 | 124,855 | |
|
MEGMILK SNOW BRAND Co.,Ltd.
雪印メグミルク㈱
|
129 |
50,465
|
88 | 50,465 | |
|
ZACROS Corporation
ZACROS㈱
|
116 |
NEW
New
28,600
|
— | M | |
| ㈱八十二銀行 | 101 |
96,558
|
55 | 96,558 | M |
|
SHOWA PAXXS CORPORATION
昭和パックス㈱
|
92 |
50,000
|
79 | 50,000 | |
|
Dynapac Co., Ltd.
ダイナパック㈱
|
86 |
45,000
|
58 | 45,000 | M |
|
THE SHIMIZU BANK,LTD.
㈱清水銀行
|
83 |
55,401
|
80 | 55,401 | M |
|
BSN MEDIA HOLDINGS,INC.
㈱BSNメディアホールディングス
|
77 |
NEW
New
42,000
|
— | ||
|
NICHIBAN CO., LTD
ニチバン㈱
|
50 |
NEW
New
25,000
|
— | ||
|
Kyodo Printing Co., Ltd.
共同印刷㈱
|
49 |
NEW
New
12,100
|
— | M | |
|
key coffee inc
キーコーヒー㈱
|
49 |
-33.3%
↓
24,000
|
72 | 36,000 | M |
|
Nozaki Printing Paper Co.
野崎印刷紙業㈱
|
47 |
NEW
New
287,443
|
— | ||
|
KAMEDA SEIKA CO.,LTD.
亀田製菓㈱
|
46 |
NEW
New
11,900
|
— | ||
|
TOIN CORPORATION
トーイン㈱
|
43 |
NEW
New
64,347
|
— | M | |
|
SATO FOODS CO., LTD.
サトウ食品㈱
|
38 |
NEW
New
5,250
|
— | M | |
|
UBE Corporation
UBE㈱
|
36 |
NEW
New
16,633
|
— | ||
|
譌・譛ャ陬ス邏呎ェ蠑丈シ夂、セ
日本製紙㈱
|
36 |
NEW
New
35,803
|
— | M | |
|
NAGASE & CO., LTD.
長瀬産業㈱
|
32 |
NEW
New
12,342
|
— | ||
|
FEED ONE CO.,LTD.
フィード・ワン㈱
|
25 |
NEW
New
29,290
|
— | ||
|
Hokuetsu Corporation
北越コーポレーション㈱
|
15 |
NEW
New
12,318
|
— | M | |
|
ASAHI PRINTING CO.,LTD.
朝日印刷㈱
|
14 |
NEW
New
16,000
|
— | ||
|
Juroku Financial Group, Inc.
㈱十六フィナンシャルグループ
|
— | — | |||
| コカ・コーラ ボトラーズジャパンホールディングス㈱ | — | — | |||
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
— |
−100%
Exit
—
|
2,026 | 4,356,965 | 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㈱
|
— |
−100%
Exit
—
|
1,484 | 361,519 | |
|
TORAY INDUSTRIES,INC.
東レ㈱
|
— |
−100%
Exit
—
|
2,020 | 2,671,000 | M |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
— |
−100%
Exit
—
|
1,081 | 171,426 | |
|
NIPPN CORPORATION
㈱ニップン
|
— |
−100%
Exit
—
|
695 | 419,139 | M |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
— |
−100%
Exit
—
|
496 | 200,000 | M |
|
KADOKAWA CORPORATION
㈱KADOKAWA
|
— |
−100%
Exit
—
|
1,033 | 366,636 | M |
|
Ajinomoto Co., Inc.
味の素㈱
|
— |
−100%
Exit
—
|
131 | 28,500 | |
|
譬ェ蠑丈シ夂、セ�シォ�シケ�シッ�シイ�シゥ�シエ�シウ�シオ
㈱KYORITSU
|
— |
−100%
Exit
—
|
94 | 600,000 | M |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
7,367 | 2,764,359 | M |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— |
−100%
Exit
—
|
4,192 | 1,131,506 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
3,854 | 848,737 | |
|
GAKKEN HOLDINGS CO., LTD.
㈱学研ホールディングス
|
— |
−100%
Exit
—
|
244 | 287,548 | M |
| 藤森工業㈱ | — |
−100%
Exit
—
|
91 | 28,600 | M |
|
TOYO WHARF & WAREHOUSE CO.,LTD.
東洋埠頭㈱
|
— |
−100%
Exit
—
|
67 | 50,010 | M |
| ㈱新潟放送 | — |
−100%
Exit
—
|
62 | 42,000 | |
| Portfolio total | 89,900 | 81,849 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding