3941
Rengo Co., Ltd.
レンゴー株式会社
Pulp & Paper
Rengo Co., Ltd., together with its subsidiaries, manufactures and sells paperboard and packaging-related products in Asia, Europe, and internationally. The company operates through Paperboard and Paper Processing-Related Business; Flexible Packaging-Related Business; Heavy Duty Packaging-Related Business; Overseas Business; and Other Businesses segments. It offers paperboard products, such as containerboards, boxboards, tube boards, chipboards, processed paper, and kraft paper and pulp products; corrugated packaging products, including smart display packaging, functional and decorative corrugated products, and support systems for e-commerce packaging, as well as materials for distribution, shipping, and construction; and folding cartons, comprising decorative printing corrugated packaging, and paperboard multi-packs. The company also provides flexible packaging products, such as film packaging, labels, cellophane, and preserving packaging products. In addition, it offers heavy-duty packaging products, such as flexible containers, heavy-duty polyethylene, and kraft paper bags, as well as heavy-duty corrugated packaging products. Further, the company provides packaging machinery, including e-commerce packaging systems, wraparound and setup forming machines, box/tray making machines, sealing machines, box opening systems, ink-jet printers, and other machines. Additionally, it offers various functional materials; sealing materials, including kraft and OPP tape, fabric tape, and hot-melt packaging products; and nonwoven products, water-absorbent mats and sheets, cushioning mats. It is also involved in the transportation, insurance agency, leasing, and real estate businesses. Rengo Co., Ltd. was founded in 1909 and is headquartered in Osaka, Japan.
Price
¥1,458
Market Cap
¥363.8B
Ent. Value
¥710.7B
Net Debt
−¥346.9B
Shares Out.
249.5M
P / E
12.5×
EV / EBIT
19.0×
P / Book
0.78×
P / NCAV
N/M
Div. Yield
2.06%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥993.3B | ¥900.8B | ¥846.1B | ¥746.9B |
| Cost of Sales | ¥811.5B | ¥725.4B | ¥704.2B | ¥611.2B |
| Gross Profit | ¥181.8B | ¥175.4B | ¥141.9B | ¥135.7B |
| SG&A | ¥144.4B | ¥126.5B | ¥116.0B | ¥102.4B |
| Operating Income | ¥37.4B | ¥48.9B | ¥26.0B | ¥33.3B |
| Non-Operating Income | ¥10.0B | ¥6.9B | ¥7.1B | ¥7.1B |
| Dividend Income | ¥2.6B | ¥2.3B | ¥2.1B | ¥2.0B |
| Interest Income | ¥1.1B | ¥561M | ¥220M | ¥187M |
| Non-Operating Expenses | ¥8.2B | ¥7.8B | ¥4.4B | ¥3.8B |
| Interest Expense | ¥4.3B | ¥3.3B | ¥2.1B | ¥1.6B |
| Ordinary Income | ¥39.2B | ¥48.0B | ¥28.7B | ¥36.6B |
| Pre-tax Income | ¥42.8B | ¥50.3B | ¥30.9B | ¥41.4B |
| Income Taxes | ¥12.2B | ¥16.1B | ¥9.5B | ¥12.2B |
| Current Tax | ¥13.1B | ¥18.0B | ¥10.3B | ¥12.2B |
| Deferred Tax | ¥-855M | ¥-1.9B | ¥-858M | ¥34M |
| Net Income (owners) | ¥29.0B | ¥33.0B | ¥20.4B | ¥28.2B |
| Minority Interest | ¥1.6B | ¥1.1B | ¥952M | ¥1.0B |
| Comprehensive Income | ¥47.8B | ¥60.4B | ¥37.7B | ¥36.4B |
| EBITDA | ¥97.0B | ¥101.0B | ¥73.5B | ¥77.2B |
| Goodwill Amort. (J-GAAP) | ¥3.7B | ¥3.4B | ¥2.7B | ¥2.2B |
| EPS | ¥116.94 | ¥133.33 | ¥82.47 | ¥113.84 |
| Shares Outstanding | 249.5M | 249.5M | 248.5M | 248.5M |
| Shares Issued (total) | 271.1M | 271.1M | 271.1M | 271.1M |
| Treasury Shares | 21.5M | 21.5M | 22.5M | 22.5M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,243.1B | ¥1,172.5B | ¥1,053.1B | ¥934.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥469.5B | ¥484.2B | ¥413.6B | ¥350.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥80.6B | ¥117.6B | ¥72.5B | ¥60.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥259.8B | ¥257.2B | ¥227.7B | ¥198.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥773.6B | ¥688.3B | ¥639.6B | ¥584.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥526.1B | ¥456.5B | ¥423.0B | ¥384.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥26.8B | ¥27.1B | ¥27.2B | ¥18.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥47.7B | ¥48.4B | ¥48.5B | ¥34.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥157.0B | ¥151.1B | ¥138.8B | ¥139.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.4B | ¥2.4B | ¥2.2B | ¥2.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥742.9B | ¥733.5B | ¥667.4B | ¥580.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥411.5B | ¥392.3B | ¥368.2B | ¥310.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥155.3B | ¥152.9B | ¥143.9B | ¥129.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥157.7B | ¥131.8B | ¥134.5B | ¥114.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥9.0B | ¥14.0B | ¥5.1B | ¥6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥331.4B | ¥341.3B | ¥299.2B | ¥269.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥269.7B | ¥283.1B | ¥242.8B | ¥223.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥10.7B | ¥10.9B | ¥13.5B | ¥13.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥31.4B | ¥30.3B | ¥25.8B | ¥21.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥500.2B | ¥439.0B | ¥385.7B | ¥354.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥31.1B | ¥31.1B | ¥31.1B | ¥31.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥34.8B | ¥33.7B | ¥33.6B | ¥33.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥300.7B | ¥279.6B | ¥252.7B | ¥238.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-12.5B | ¥-12.6B | ¥-12.2B | ¥-12.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥109.9B | ¥93.5B | ¥67.6B | ¥51.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥354.1B | ¥331.8B | ¥305.2B | ¥290.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥36.3B | ¥13.7B | ¥12.9B | ¥12.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥427.4B | ¥414.9B | ¥377.4B | ¥337.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-346.9B | ¥-297.3B | ¥-304.8B | ¥-277.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-273.4B | ¥-249.3B | ¥-253.8B | ¥-229.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-1,096 | ¥-999 | ¥-1,021 | ¥-925 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,419 | ¥1,330 | ¥1,228 | ¥1,168 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥77.0B | ¥89.6B | ¥46.1B | ¥57.9B |
| Interest Paid | ¥-4.3B | ¥-3.2B | ¥-2.0B | ¥-1.6B |
| Interest Received | ¥5.7B | ¥4.3B | ¥3.6B | ¥3.3B |
| D&A | ¥56.0B | ¥48.8B | ¥44.8B | ¥41.7B |
| Goodwill Amort. | ¥3.7B | ¥3.4B | ¥2.7B | ¥2.2B |
| Investing CF | ¥-97.3B | ¥-76.0B | ¥-60.6B | ¥-54.7B |
| CapEx | ¥96.1B | ¥64.0B | ¥42.6B | ¥46.2B |
| Purchase Investments | ¥-272M | ¥-475M | ¥-506M | ¥-527M |
| Financing CF | ¥-14.5B | ¥17.3B | ¥20.0B | ¥1.9B |
| Dividends Paid | ¥-8.2B | ¥-6.0B | ¥-6.0B | ¥-6.0B |
| Share Buybacks | ¥-1M | ¥-910M | ¥-1M | ¥-1M |
| LT Debt Repaid | ¥-35.8B | ¥-37.6B | ¥-35.8B | ¥-29.2B |
| Free Cash Flow | ¥-19.1B | ¥25.7B | ¥3.5B | ¥11.7B |
| Net Change in Cash | ¥-31.7B | ¥32.8B | ¥7.9B | ¥6.8B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.5% | 8.3% | 5.7% | 8.6% |
| ROA | 2.4% | 3.0% | 2.1% | 3.0% |
| EPS | ¥116.94 | ¥133.33 | ¥82.47 | ¥113.84 |
| DPS | ¥30.00 | ¥30.00 | ¥24.00 | ¥24.00 |
| BPS | ¥1,872.24 | ¥1,716.97 | ¥1,505.09 | ¥1,380.74 |
| FCF/Share | ¥-77 | ¥103 | ¥14 | ¥47 |
| NCAV/Share | ¥-1,096 | ¥-999 | ¥-1,021 | ¥-925 |
| Payout Ratio | 25.7% | 22.5% | 29.1% | 21.1% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 6
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-14
13:00
|
Buyback | ¥25.0B 10.1% | Rengo board resolved on May 14, 2026 to conduct a share buyback program authorized under Article 459(1) of the Companies… | |
|
Summary
Rengo board resolved on May 14, 2026 to conduct a share buyback program authorized under Article 459(1) of the Companies Act. The company will acquire up to 25 million shares (10.1% of outstanding shares) for a maximum total of ¥25.0 billion through open market purchases on the Tokyo Stock Exchange between May 15, 2026 and January 29, 2027. The stated purposes are to improve capital efficiency and enhance shareholder returns.
Deadline: 2027-01-29
% of Shares: 10.1%
Shares: 25,000,000
Source (JP)
自己株式を取得することを決議いたしました。取得しうる株式の総数 25,000,000株、株式の取得価額の総額 25,000百万円、取得期間 2026年5月15日~2027年1月29日
自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
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| # | 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㈱
|
26,263 | 10.52% |
| 2 |
Japan Custody Bank
㈱日本カストディ銀行
|
25,518 | 10.22% |
| 3 |
Sumitomo Mitsui Banking Corporation
㈱三井住友銀行
|
9,562 | 3.83% |
| 4 | 住友生命保険(相) | 6,940 | 2.78% |
| 5 |
Norinchukin Bank
農林中央金庫
|
5,965 | 2.39% |
| 6 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505223(常任代理人 ㈱みずほ銀行決済営業部)
|
5,476 | 2.19% |
| 7 |
Employee Stock Ownership Plan
レンゴー社員持株会
|
4,747 | 1.90% |
| 8 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)
|
4,706 | 1.88% |
| 9 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 ㈱みずほ銀行決済営業部)
|
4,101 | 1.64% |
| 10 |
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
3,326 | 1.33% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.7%
-2.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.7%
+2.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
12.2%
-1.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 12.32% | 12.19% | 10.52% -1.67% | |
| Japan Custody Bank 日本カストディ銀行 | 12.66% | 11.42% | 10.22% -1.20% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 3.84% | 3.83% | 3.83% | |
| State Street | — | 1.71% | 3.83% +2.12% | |
| 住友生命保険 | 2.76% | 2.73% | 2.78% +0.05% | |
| Norinchukin Bank 農林中央金庫 | 2.40% | 2.39% | 2.39% | |
| Employee Stock Ownership Plan レンゴー社員持株会 | 1.71% | 1.81% | 1.90% +0.09% | |
| JP Morgan NEW ENTRY | — | — | — | 1.88% NEW |
| YAKULT HONSHA CO.,LTD. ㈱ヤクルト本社 | 1.33% | 1.33% | 1.33% | |
| GOVERNMENT OF NORWAY last seen 2024 | Exited Top 10 | 1.98% | 1.84% | — |
| BNY Mellon last seen 2024 | Exited Top 10 | 1.69% | 1.49% | — |
| DFA INTL SMALL CAP VALUE PORTFOLIO last seen 2023 | Exited Top 10 | 1.29% | — | — |
| Concentration (HHI) ⓘ | 353 | 320 | 267 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥71,834M
+10% since 2023
Holdings
63
+11 new
11 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥71,834M total | FY2023 ¥65,269M 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
|
10,166 |
+200.0%
↑
2,679,003
|
4,731 | 893,001 | |
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス㈱
|
7,954 |
+200.0%
↑
4,160,100
|
6,828 | 1,386,700 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
6,718 |
-25.0%
↓
416,250
|
13,128 | 555,000 | M |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
6,434 |
843,490
|
2,872 | 843,490 | |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
3,502 |
NEW
New
864,056
|
— | M | |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
3,396 |
+100.0%
↑
1,190,400
|
5,731 | 595,200 | M |
|
KIKKOMAN CORPORATION
キッコーマン㈱
|
2,684 |
+400.0%
↑
1,863,000
|
2,511 | 372,600 | M |
|
Kao Corporation
花王㈱
|
2,468 |
381,291
|
1,970 | 381,291 | |
|
TOYO SUISAN KAISHA, LTD.
東洋水産㈱
|
1,882 |
214,044
|
1,187 | 214,044 | M |
|
Oji Holdings Corporation
王子ホールディングス㈱
|
1,882 |
3,000,963
|
1,572 | 3,000,963 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
1,796 |
NEW
New
482,796
|
— | ||
|
TAKARA HOLDINGS INC.
宝ホールディングス㈱
|
1,724 |
+0.1%
↑
1,505,570
|
1,536 | 1,503,552 | M |
|
TERUMO CORPORATION
テルモ㈱
|
1,438 |
+100.0%
↑
514,400
|
919 | 257,200 | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
1,347 |
240,900
|
718 | 240,900 | M |
|
Lion Corporation
ライオン㈱
|
1,343 |
758,000
|
1,084 | 758,000 | M |
|
TAKUMA CO., LTD.
㈱タクマ
|
1,255 |
684,000
|
907 | 684,000 | M |
|
EZAKI GLICO CO.,LTD.
江崎グリコ㈱
|
1,149 |
+0.7%
↑
248,527
|
822 | 246,685 | M |
|
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
|
906 |
1,249,560
|
404 | 1,249,560 | |
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
835 |
+0.5%
↑
206,329
|
776 | 205,382 | M |
|
YAMATO HOLDINGS CO.,LTD.
ヤマトホールディングス㈱
|
784 |
400,000
|
907 | 400,000 | M |
|
TOMOKU CO.,LTD.
㈱トーモク
|
725 |
301,907
|
482 | 301,907 | M |
|
ADEKA CORPORATION
㈱ADEKA
|
628 |
233,600
|
527 | 233,600 | M |
|
SAKATA INX CORPORATION
サカタインクス㈱
|
575 |
300,000
|
310 | 300,000 | 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㈱
|
536 |
+200.0%
↑
166,500
|
227 | 55,500 | |
|
Dynapac Co., Ltd.
ダイナパック㈱
|
531 |
275,278
|
357 | 275,278 | M |
|
MARUDAI FOOD CO.,LTD.
丸大食品㈱
|
525 |
308,825
|
449 | 308,825 | M |
|
EIZO Corporation
EIZO㈱
|
524 |
+100.0%
↑
251,600
|
515 | 125,800 | M |
|
Coca-Cola Bottlers Japan Holdings Inc.
コカ・コーラボトラーズジャパンホールディングス㈱
|
499 |
+0.6%
↑
204,649
|
293 | 203,459 | |
|
TSUBAKIMOTO CHAIN CO.
㈱椿本チエイン
|
439 |
+200.0%
↑
237,600
|
254 | 79,200 | M |
|
Keihanshin Building Co., Ltd.
京阪神ビルディング㈱
|
408 |
300,000
|
358 | 300,000 | M |
|
Kewpie Corporation
キユーピー㈱
|
393 |
134,600
|
299 | 134,600 | M |
|
SANKYO SEIKO CO.,LTD.
三共生興㈱
|
361 |
586,300
|
318 | 586,300 | M |
|
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
|
354 |
93,200
|
269 | 93,200 | M |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
352 |
217,000
|
206 | 217,000 | |
|
Iyogin Holdings,Inc.
㈱いよぎんホールディングス
|
351 |
200,000
|
150 | 200,000 | |
|
Japan Pulp & Paper Co., Ltd.
日本紙パルプ商事㈱
|
351 |
+900.0%
↑
582,380
|
299 | 58,238 | M |
|
TSUMURA & CO.
㈱ツムラ
|
331 |
+1.3%
↑
76,900
|
199 | 75,937 | |
|
IMURAYA GROUP CO., LTD.
井村屋グループ㈱
|
313 |
+107.2%
↑
130,469
|
140 | 62,969 | |
|
The Nanto Bank,Ltd.
㈱南都銀行
|
280 |
70,940
|
164 | 70,940 | M |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社㈱
|
279 |
102,798
|
288 | 102,798 | |
|
key coffee inc
キーコーヒー㈱
|
262 |
+1.1%
↑
128,768
|
257 | 127,404 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
262 |
NEW
New
130,590
|
— | ||
|
Nipro Co., Ltd.
ニプロ㈱
|
247 |
+1.3%
↑
182,514
|
183 | 180,231 | M |
|
S&B FOODS INC.
ヱスビー食品㈱
|
247 |
+100.0%
↑
92,948
|
164 | 46,474 | |
|
THE JAPAN WOOL TEXTILE CO., LTD.
日本毛織㈱
|
228 |
147,000
|
145 | 147,000 | M |
|
KPP GROUP HOLDINGS CO., LTD.
KPPグループホールディングス㈱
|
206 |
315,000
|
211 | 315,000 | M |
|
BULL-DOG SAUCE CO.,LTD.
ブルドックソース㈱
|
203 |
+0.5%
↑
120,319
|
228 | 119,768 | M |
|
The Gunma Bank, Ltd.
㈱群馬銀行
|
203 |
NEW
New
165,000
|
— | M | |
|
MORINAGA MILK INDUSTRY CO.,LTD
森永乳業㈱
|
196 |
+100.0%
↑
63,200
|
150 | 31,600 | |
|
Tenryu Saw Mfg. Co., Ltd.
天龍製鋸㈱
|
186 |
+100.0%
↑
98,800
|
156 | 49,400 | M |
|
San ju San Financial Group,Inc
㈱三十三フィナンシャルグループ
|
159 |
67,300
|
106 | 67,300 | |
| ㈱八十二銀行 | 158 |
NEW
New
150,000
|
— | M | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
138 |
NEW
New
34,246
|
— | ||
|
The Kiyo Bank, Ltd.
㈱紀陽銀行
|
137 |
NEW
New
59,600
|
— | M | |
|
NAKABAYASHI CO.,LTD.
ナカバヤシ㈱
|
123 |
242,500
|
115 | 242,500 | |
|
Fujiya Co.,Ltd
㈱不二家
|
119 |
50,100
|
123 | 50,100 | M |
|
HAGOROMO FOODS CORPORATION
はごろもフーズ㈱
|
93 |
NEW
New
28,865
|
— | M | |
|
AGC Inc.
AGC㈱
|
87 |
NEW
New
19,310
|
— | ||
|
FURUBAYASHI SHIKO CO.,LTD.
古林紙工㈱
|
87 |
NEW
New
42,000
|
— | ||
|
Showa Sangyo Co., Ltd.
昭和産業㈱
|
75 |
NEW
New
26,698
|
— | ||
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
— | — | |||
|
Sumitomo Corporation
住友商事㈱
|
— | — | |||
|
KOBAYASHI PHARMACEUTICAL CO.,LTD.
小林製薬㈱
|
— | — | |||
| 凸版印刷㈱ | — |
−100%
Exit
—
|
2,299 | 863,000 | M |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱ (注)3
|
— |
−100%
Exit
—
|
1,620 | 513,560 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
1,096 | 241,398 | |
|
Marubeni Corporation
丸紅㈱
|
— |
−100%
Exit
—
|
910 | 507,325 | M |
|
Kirin Holdings Company, Limited
キリンホールディングス㈱
|
— |
−100%
Exit
—
|
647 | 309,000 | |
|
UNICHARM CORPORATION
ユニ・チャーム㈱
|
— |
−100%
Exit
—
|
538 | 99,000 | |
|
ITO EN,LTD.
㈱伊藤園
|
— |
−100%
Exit
—
|
519 | 120,000 | |
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
— |
−100%
Exit
—
|
325 | 86,600 | |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード㈱
|
— |
−100%
Exit
—
|
301 | 204,923 | M |
| ㈱三菱UFJフィナンシャルグループ | — |
−100%
Exit
—
|
246 | 290,590 | |
|
Ajinomoto Co., Inc.
味の素㈱
|
— |
−100%
Exit
—
|
223 | 48,450 | |
| Portfolio total | 71,834 | 65,269 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding