4042
TOSOH CORPORATION
東ソー株式会社
Chemicals
Tosoh Corporation manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals. The company provides advance materials, including battery materials, fabricated quartzware, silica glass, thin film depositions, and zeolites for catalysts and molecular sieves; and zirconia injection mold components and compounds, grinding and dispersion media, and fine beads and powders. It also offers chromatographic columns, and media and diagnostic systems; clinical diagnostic systems; Portland cement and blast-furnace slag cement; and caustic soda, vinyl chloride monomer, calcium hypochlorite, and sodium bicarbonate. In addition, the company provides ethylene, propylene, C4 fraction, cumene, and aromatic compounds; and ethyleneamines, bromine, hydrobromic acids, flame retardants, non-aqueous solvents, chelating agents, ethylene dichloride, and sodium styrenesulfonate. Further, it offers polymers, such as ethylene vinyl-acetate copolymers, adhesive polymers, low and high-density polyethylene products, synthetic rubbers, functional polymers, and polyvinyl chloride pastes; and polyurethanes (PU), including methylene diphenyl diisocyanate, hexamethylene diisocyanate, adhesives, coating resins, elastomers, polyisocyanates for PU paints, and polyols. It serves agriculture, automotive, building and construction, bulk commodities, communications, consumer goods, diagnostics, eco-business, electrical and electronics, food, medical, packaging, personal care, pharmaceuticals, photovoltaics, semiconductor, textiles and clothing, and transportation markets. The company was incorporated in 1935 and is headquartered in Chuo, Japan.
Price
¥2,750
Market Cap
¥876.0B
Ent. Value
¥925.3B
Net Debt
−¥49.3B
Shares Out.
318.5M
P / E
20.8×
EV / EBIT
9.7×
P / Book
1.02×
P / NCAV
2.84×
Div. Yield
1.82%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥1,019.9B | ¥1,063.4B | ¥1,005.6B | ¥1,064.4B | ¥918.6B |
| Cost of Sales | ¥758.9B | ¥804.4B | ¥779.4B | ¥845.2B | ¥646.6B |
| Gross Profit | ¥261.0B | ¥259.0B | ¥226.2B | ¥219.2B | ¥272.0B |
| SG&A | ¥165.5B | ¥160.1B | ¥146.4B | ¥144.6B | ¥128.0B |
| Operating Income | ¥95.5B | ¥98.9B | ¥79.8B | ¥74.6B | ¥144.0B |
| Non-Operating Income | ¥16.0B | ¥9.6B | ¥18.9B | ¥17.8B | ¥18.0B |
| Dividend Income | — | ¥1.5B | ¥1.7B | ¥1.9B | ¥1.8B |
| Interest Income | — | ¥1.4B | ¥978M | ¥693M | ¥341M |
| Non-Operating Expenses | — | ¥5.5B | ¥2.9B | ¥2.4B | ¥1.6B |
| Interest Expense | — | ¥2.8B | ¥2.2B | ¥1.4B | ¥1.1B |
| Ordinary Income | ¥106.8B | ¥103.0B | ¥95.9B | ¥90.0B | ¥160.5B |
| Pre-tax Income | ¥89.3B | ¥101.4B | ¥93.7B | ¥81.6B | ¥159.7B |
| Income Taxes | ¥31.9B | ¥29.9B | ¥27.0B | ¥25.3B | ¥46.3B |
| Current Tax | — | ¥24.6B | ¥27.9B | ¥22.1B | ¥47.2B |
| Deferred Tax | — | ¥5.3B | ¥-836M | ¥3.1B | ¥-897M |
| Net Income (owners) | ¥41.6B | ¥58.0B | ¥57.3B | ¥50.3B | ¥107.9B |
| Minority Interest | — | ¥13.5B | ¥9.4B | ¥6.0B | ¥5.4B |
| Comprehensive Income | — | ¥77.5B | ¥91.7B | ¥66.4B | ¥119.6B |
| EBITDA | ¥143.6B | ¥146.6B | ¥124.5B | ¥117.8B | ¥184.7B |
| Goodwill Amort. (J-GAAP) | — | ¥142M | ¥132M | ¥123M | ¥25M |
| EPS | ¥132.40 | ¥182.13 | ¥180.07 | ¥158.14 | ¥339.23 |
| Shares Outstanding | — | 318.5M | 318.4M | 318.4M | 318.2M |
| Shares Issued (total) | — | 325.1M | 325.1M | 325.1M | 325.1M |
| Treasury Shares | — | 6.5M | 6.6M | 6.7M | 6.8M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,409.0B | ¥1,327.3B | ¥1,289.9B | ¥1,194.3B | ¥1,087.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥798.1B | ¥754.4B | ¥755.2B | ¥707.6B | ¥642.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥179.6B | ¥141.5B | ¥149.8B | ¥120.2B | ¥161.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥242.6B | ¥241.1B | ¥243.1B | ¥217.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥610.9B | ¥572.9B | ¥534.8B | ¥486.6B | ¥445.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥423.8B | ¥417.3B | ¥379.5B | ¥357.9B | ¥326.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥14.4B | ¥10.5B | ¥10.5B | ¥6.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥80.6B | ¥70.1B | ¥70.7B | ¥57.7B | ¥59.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥7.0B | ¥7.7B | ¥7.6B | ¥7.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥489.8B | ¥424.9B | ¥431.2B | ¥400.1B | ¥327.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥354.5B | ¥333.5B | ¥358.8B | ¥336.3B | ¥269.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥117.5B | ¥122.1B | ¥122.9B | ¥113.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥144.7B | ¥133.0B | ¥145.3B | ¥149.3B | ¥63.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥10.7B | ¥18.2B | ¥8.4B | ¥34.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥135.3B | ¥91.4B | ¥72.4B | ¥63.7B | ¥58.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥84.2B | ¥46.1B | ¥31.1B | ¥27.4B | ¥28.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥19.2B | ¥19.8B | ¥20.4B | ¥20.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥14.6B | ¥11.3B | ¥4.9B | ¥1.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥919.1B | ¥902.4B | ¥858.8B | ¥794.2B | ¥759.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥55.2B | ¥55.2B | ¥55.2B | ¥55.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥44.3B | ¥44.4B | ¥44.3B | ¥45.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥692.5B | ¥682.6B | ¥654.8B | ¥623.0B | ¥601.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-9.6B | ¥-9.7B | ¥-9.9B | ¥-10.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥54.6B | ¥49.9B | ¥26.2B | ¥17.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥757.7B | ¥772.5B | ¥744.6B | ¥712.6B | ¥691.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥75.3B | ¥64.2B | ¥55.3B | ¥50.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥228.9B | ¥179.1B | ¥176.3B | ¥176.7B | ¥91.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-49.3B | ¥-37.6B | ¥-26.5B | ¥-56.6B | ¥69.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥308.3B | ¥329.5B | ¥324.0B | ¥307.6B | ¥314.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,034 | ¥1,017 | ¥966 | ¥988 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,425 | ¥2,338 | ¥2,238 | ¥2,174 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥114.6B | ¥106.2B | ¥117.0B | ¥-16.2B | ¥108.6B |
| Interest Paid | — | ¥-2.8B | ¥-2.2B | ¥-1.4B | ¥-1.1B |
| Interest Received | — | ¥4.7B | ¥4.2B | ¥3.1B | ¥2.9B |
| D&A | ¥48.1B | ¥47.5B | ¥44.5B | ¥43.1B | ¥40.7B |
| Goodwill Amort. | — | ¥142M | ¥132M | ¥123M | ¥25M |
| Investing CF | ¥-72.1B | ¥-81.6B | ¥-59.9B | ¥-78.7B | ¥-43.5B |
| Purchase Investments | — | ¥-414M | ¥-163M | ¥-568M | ¥-479M |
| Financing CF | ¥-9.7B | ¥-37.9B | ¥-31.2B | ¥50.2B | ¥-57.9B |
| Dividends Paid | — | ¥-30.2B | ¥-25.4B | ¥-28.6B | ¥-19.7B |
| Share Buybacks | — | — | — | — | ¥-11M |
| LT Debt Repaid | — | ¥-13.1B | ¥-9.8B | ¥-10.3B | ¥-11.5B |
| Free Cash Flow | ¥114.6B | ¥106.2B | ¥117.0B | ¥-16.2B | ¥108.6B |
| Net Change in Cash | — | ¥-10.1B | ¥29.5B | ¥-41.4B | ¥12.1B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 4.6% | 7.2% | 7.5% | 7.0% | 16.3% |
| ROA | 3.0% | 4.4% | 4.6% | 4.4% | 9.9% |
| EPS | ¥132.40 | ¥182.13 | ¥180.07 | ¥158.14 | ¥339.23 |
| DPS | ¥50.00 | ¥100.00 | ¥85.00 | ¥80.00 | ¥80.00 |
| BPS | ¥2,701.46 | ¥2,596.69 | ¥2,495.23 | ¥2,321.17 | ¥2,227.84 |
| FCF/Share | — | ¥334 | ¥367 | ¥-51 | ¥341 |
| NCAV/Share | — | ¥1,034 | ¥1,017 | ¥966 | ¥988 |
| Payout Ratio | 37.8% | 54.9% | 47.2% | 50.6% | 23.6% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
| # | 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)
|
51,404 | 16.14% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
21,504 | 6.75% |
| 3 |
Northern Trust Company
NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST(常任代理人 香港上海銀行)
|
9,936 | 3.12% |
| 4 |
Mizuho Bank
株式会社みずほ銀行
|
7,046 | 2.21% |
| 5 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
6,702 | 2.10% |
| 6 |
Nippon Life Insurance
日本生命保険相互会社
|
6,683 | 2.10% |
| 7 | 東ソー共和会 | 5,593 | 1.76% |
| 8 |
Northern Trust Company
NORTHERN TRUST CO. (AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS(常任代理人 香港上海銀行)
|
5,500 | 1.73% |
| 9 |
Mitsui Sumitomo Insurance Company, Limited
三井住友海上火災保険株式会社
|
5,486 | 1.72% |
| 10 | 野村信託銀行株式会社(投信口) | 5,130 | 1.61% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
25.0%
-0.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.8%
+4.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
9.4%
-4.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 39.2% · 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 | 16.27% | 16.03% | 16.14% +0.11% | |
| Japan Custody Bank 日本カストディ銀行 | 5.99% | 7.16% | 6.75% -0.41% | |
| Northern Trust NEW ENTRY | — | — | — | 4.85% NEW |
| Mizuho Bank みずほ銀行 | 2.21% | 2.21% | 2.21% | |
| Nippon Life Insurance 日本生命保険 | 2.10% | 2.10% | 2.10% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | 2.11% | 2.10% | 2.10% | |
| 東ソー共和会 | 1.69% | 1.76% | 1.76% | |
| Mitsui Sumitomo Insurance Company, Limited 三井住友海上火災保険 | 1.92% | 1.77% | 1.72% -0.05% | |
| 野村信託銀行株式会社(投信口) NEW ENTRY | — | — | — | 1.61% NEW |
| JPモルガン証券 last seen 2024 | Exited Top 10 | 1.82% | 2.27% | — |
| ビーエヌワイエムエスエーエヌブイ ノン トリーティー アカウント last seen 2024 | Exited Top 10 | — | 1.89% | — |
| Norinchukin Bank 農林中央金庫 last seen 2024 | Exited Top 10 | 2.04% | 1.57% | — |
| State Street last seen 2023 | Exited Top 10 | 2.76% | — | — |
| Concentration (HHI) ⓘ | 336 | 339 | 352 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥42,465M
+35% since 2023
Holdings
54
+8 new
8 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥42,465M total | FY2023 ¥31,458M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス㈱
|
7,037 |
1,559,000
|
3,713 | 1,559,000 | M |
|
KH Neochem Co.,Ltd.
KHネオケム㈱
|
4,663 |
1,852,000
|
4,441 | 1,852,000 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱(注)3
|
4,297 |
NEW
New
1,155,278
|
— | ||
|
Yamaguchi Finacial Group,Inc.
㈱山口フィナンシャルグループ
|
4,041 |
2,300,000
|
1,867 | 2,300,000 | M |
|
ZEON CORPORATION
日本ゼオン㈱
|
2,618 |
1,751,300
|
2,450 | 1,751,300 | M |
|
Hodogaya Chemical Co., Ltd.
保土谷化学工業㈱
|
2,185 |
700,000
|
2,107 | 700,000 | M |
|
Nippon Soda Co., Ltd.
日本曹達㈱(注)4
|
2,178 |
NEW
New
750,400
|
— | M | |
|
Nissan Chemical Corporation
日産化学㈱
|
1,677 |
377,400
|
2,260 | 377,400 | M |
|
KUREHA CORPORATION
㈱クレハ
|
1,527 |
+200.0%
↑
553,800
|
1,559 | 184,600 | M |
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
1,503 |
+400.0%
↑
1,428,000
|
828 | 285,600 | M |
|
TAIHEIYO CEMENT CORPORATION
太平洋セメント㈱
|
1,363 |
350,000
|
870 | 350,000 | M |
|
Riken Technos Co., Ltd.
リケンテクノス㈱
|
917 |
-20.0%
↓
880,000
|
647 | 1,100,000 | M |
|
Tokuyama Corporation
㈱トクヤマ
|
789 |
283,200
|
596 | 283,200 | |
|
IINO KAIUN KAISHA, LTD.
飯野海運㈱
|
732 |
735,000
|
737 | 735,000 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
|
658 |
NEW
New
100,000
|
— | M | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
590 |
145,794
|
273 | 145,794 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
545 |
NEW
New
271,136
|
— | ||
|
Daiwabo Holdings Co.,Ltd.
ダイワボウホールディングス㈱
|
534 |
211,500
|
461 | 211,500 | |
|
YOKOGAWA ELECTRIC CORPORATION
横河電機㈱
|
433 |
150,000
|
322 | 150,000 | M |
| TOYO TIRE ㈱ | 420 |
NEW
New
153,750
|
— | ||
|
Mitsui & Co., Ltd.
三井物産㈱(注)5
|
412 |
NEW
New
147,516
|
— | M | |
|
SODA NIKKA CO., LTD.
ソーダニッカ㈱
|
409 |
-4.3%
↓
398,000
|
337 | 416,000 | M |
|
Bando Chemical Industries, Ltd.
バンドー化学㈱
|
306 |
186,000
|
196 | 186,000 | M |
|
NIKKATO CORPORATION
㈱ニッカトー
|
301 |
599,000
|
374 | 599,000 | M |
|
UBE Corporation
UBE㈱
|
225 |
103,490
|
212 | 103,490 | M |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
221 |
302,000
|
112 | 302,000 | M |
| 第一生命ホールディングス㈱ | 172 |
-49.9%
↓
38,100
|
185 | 76,100 | M |
|
The Chugoku Electric Power Company, Incorporated
中国電力㈱
|
172 |
200,000
|
134 | 200,000 | |
|
NOK CORPORATION
NOK㈱
|
160 |
73,400
|
107 | 73,400 | M |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
145 |
NEW
New
36,000
|
— | ||
|
Rengo Co., Ltd.
レンゴー㈱
|
145 |
183,920
|
157 | 183,920 | |
|
FUKUVI CHEMICAL INDUSTRY CO.,LTD.
フクビ化学工業㈱
|
121 |
148,000
|
85 | 148,000 | |
|
Sekisui Jushi Corporation
積水樹脂㈱
|
109 |
57,000
|
118 | 57,000 | M |
|
TEIJIN LIMITED
帝人㈱
|
107 |
82,280
|
114 | 82,280 | |
|
Achilles Co., Ltd.
アキレス㈱
|
95 |
67,296
|
91 | 67,296 | |
|
Aica Kogyo Company, Limited
アイカ工業㈱
|
72 |
22,000
|
66 | 22,000 | |
|
SANKYU INC.
山九㈱
|
67 |
11,000
|
53 | 11,000 | M |
|
ISHIHARA CHEMICAL CO.,LTD.
石原ケミカル㈱
|
63 |
30,000
|
42 | 30,000 | M |
|
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業㈱
|
55 |
30,000
|
45 | 30,000 | |
|
IHI Corporation
㈱IHI
|
51 |
5,000
|
16 | 5,000 | M |
|
NICHIBAN CO., LTD
ニチバン㈱
|
50 |
25,000
|
48 | 25,000 | |
| 大成ラミック㈱ | 49 |
20,000
|
57 | 20,000 | |
|
Daishowa Paper Manufacturing Co., Ltd.
大王製紙㈱
|
40 |
49,000
|
50 | 49,000 | |
|
ARAKAWA CHEMICAL INDUSTRIES, LTD.
荒川化学工業㈱
|
36 |
33,600
|
33 | 33,600 | |
|
KONISHI CO.,LTD.
コニシ㈱(注)6
|
34 |
NEW
New
29,200
|
— | ||
|
The Miyazaki Bank,Ltd.
㈱宮崎銀行
|
33 |
10,215
|
23 | 10,215 | M |
|
TOHOKU CHEMICAL CO., LTD.
東北化学薬品㈱
|
30 |
8,000
|
27 | 8,000 | |
|
TOLI Corporation
東リ㈱
|
30 |
64,000
|
17 | 64,000 | |
|
Sumitomo Rubber Industries, Ltd.
住友ゴム工業㈱
|
24 |
13,000
|
15 | 13,000 | |
|
Toyo Seikan Group Holdings, Ltd.
東洋製罐グループホールディングス㈱
|
24 |
10,000
|
18 | 10,000 | |
|
Denka Company Limited
デンカ㈱
|
— | — | |||
|
Central Glass Co.,Ltd.
セントラル硝子㈱
|
— | — | M | ||
|
Fujibo Holdings, Inc.
富士紡ホールディングス㈱
|
— | — | |||
| 日水製薬㈱ | — | — | |||
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
— |
−100%
Exit
—
|
19 | 15,625 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
2,623 | 577,639 | M |
|
Nippon Soda Co., Ltd.
日本曹達㈱
|
— |
−100%
Exit
—
|
1,731 | 375,200 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱(注)3
|
— |
−100%
Exit
—
|
358 | 100,000 | M |
|
Mitsui & Co., Ltd.
三井物産㈱
|
— |
−100%
Exit
—
|
303 | 73,758 | M |
| TOYO TIRE ㈱ | — |
−100%
Exit
—
|
237 | 153,750 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
229 | 271,136 | M |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
95 | 36,000 | |
| Portfolio total | 42,465 | 31,458 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding