4045
TOAGOSEI CO., LTD.
東亞合成株式会社
Chemicals
Toagosei Co., Ltd. Manufactures and sells chemical products. The company operates through Core Chemicals Business, Polymer/Oligomer Business, Adhesive Materials Business, High-performance Materials Business, Resin Processed Products Business, and Other segments. It provides commodity chemicals, such as liquid caustic soda, liquid chlorine, synthetic hydrochloric acid, sodium hypochlorite, caustic potash, super potash, iron perchloride solution, and Aron Zia Clean 200 hypochlorous acid solution; acrylic acid, acrylic esters, acrylamide tertiary butyl sulfonic acid, and ethylene carbonate; and oxygen, nitrogen, and argon industrial gases. The company also provides dispersants, thickeners, scale inhibitors, pressure sensitive adhesives, binders, paint vehicles, gelling agents, graft polymers, ARUFON, and macromonomers acrylic polymer products, as well as polymer flocculant; and adhesive materials, including instant glue, Aron Alpha, light-curable adhesives, high functional reactive adhesives, hot melt adhesives, film adhesives, silsesquioxane derivative, and powder paints. In addition, it offers high-purity inorganic chemicals, inorganic functional materials, and cellulose nano fiber performance chemicals; construction and civil engineering products comprising acrylic rubber protective coatings and waterproofing materials. The company operates in Japan, the United States, China, Taiwan, Hong Kong, Singapore, Thailand, Vietnam, Korea, and internationally. Toagosei Co., Ltd. was founded in 1933 and is headquartered in Minato, Japan.
Price
¥1,759
Market Cap
¥189.0B
Ent. Value
¥185.2B
Net Cash
¥3.9B
Shares Out.
107.5M
P / E
15.0×
EV / EBIT
13.1×
P / Book
0.88×
P / NCAV
5.05×
Div. Yield
3.70%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥162.3B | ¥167.6B | ¥159.4B | ¥160.8B | ¥156.3B |
| Cost of Sales | ¥115.2B | ¥121.9B | ¥118.0B | ¥117.9B | ¥111.0B |
| Gross Profit | ¥47.1B | ¥45.7B | ¥41.4B | ¥42.9B | ¥45.3B |
| SG&A | ¥33.0B | ¥31.5B | ¥28.9B | ¥28.6B | ¥27.7B |
| Operating Income | ¥14.2B | ¥14.2B | ¥12.5B | ¥14.4B | ¥17.7B |
| Non-Operating Income | ¥1.9B | ¥2.7B | ¥2.4B | ¥2.5B | ¥1.7B |
| Dividend Income | ¥1.2B | ¥1.3B | ¥1.1B | ¥1.0B | ¥962M |
| Interest Income | ¥235M | ¥344M | ¥259M | ¥68M | ¥32M |
| Non-Operating Expenses | ¥987M | ¥926M | ¥402M | ¥423M | ¥393M |
| Interest Expense | ¥244M | ¥152M | ¥131M | ¥100M | ¥94M |
| Ordinary Income | ¥15.1B | ¥16.0B | ¥14.5B | ¥16.4B | ¥19.0B |
| Pre-tax Income | ¥17.3B | ¥16.6B | ¥17.1B | ¥17.3B | ¥18.8B |
| Income Taxes | ¥4.5B | ¥4.6B | ¥4.9B | ¥4.6B | ¥4.8B |
| Current Tax | ¥4.7B | ¥4.6B | ¥4.9B | ¥4.7B | ¥5.3B |
| Deferred Tax | ¥-224M | ¥8M | ¥10M | ¥-118M | ¥-465M |
| Net Income (owners) | ¥12.8B | ¥11.9B | ¥12.2B | ¥12.5B | ¥13.8B |
| Minority Interest | ¥73M | ¥86M | ¥52M | ¥260M | ¥208M |
| Comprehensive Income | ¥16.1B | ¥15.3B | ¥17.0B | ¥13.3B | ¥17.1B |
| EBITDA | ¥25.8B | ¥25.5B | ¥23.2B | ¥24.8B | ¥28.3B |
| EPS | ¥117.02 | ¥104.56 | ¥102.78 | ¥101.31 | ¥108.14 |
| Shares Outstanding | 107.5M | 112.2M | 116.7M | 120.9M | 124.8M |
| Shares Issued (total) | 108.0M | 113.0M | 117.1M | 122.1M | 125.2M |
| Treasury Shares | 0.5M | 0.8M | 0.4M | 1.2M | 0.4M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥289.1B | ¥278.0B | ¥272.3B | ¥265.1B | ¥259.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥110.6B | ¥122.8B | ¥134.9B | ¥139.0B | ¥145.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥24.5B | ¥30.8B | ¥39.1B | ¥40.4B | ¥52.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥37.6B | ¥40.7B | ¥39.5B | ¥39.2B | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥178.5B | ¥155.3B | ¥137.4B | ¥126.2B | ¥113.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥129.1B | ¥111.9B | ¥96.5B | ¥90.8B | ¥78.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥4.7B | ¥1.7B | ¥1.6B | ¥1.6B | ¥1.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥36.0B | ¥34.0B | ¥32.9B | ¥28.5B | ¥28.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥332M | ¥66M | ¥61M | ¥90M | ¥124M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥73.2B | ¥64.4B | ¥59.8B | ¥54.3B | ¥52.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥47.4B | ¥48.8B | ¥41.5B | ¥37.8B | ¥36.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥16.5B | ¥18.7B | ¥19.1B | ¥19.7B | ¥18.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥6.9B | ¥6.2B | ¥2.5B | ¥2.5B | ¥2.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥2.5B | ¥2.8B | ¥2.3B | ¥2.2B | ¥3.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥25.8B | ¥15.6B | ¥18.3B | ¥16.5B | ¥15.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥13.8B | ¥4.8B | ¥8.6B | ¥8.6B | ¥8.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥131M | ¥122M | ¥119M | ¥117M | ¥140M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥6.9B | ¥5.7B | ¥4.7B | ¥2.9B | ¥3.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥215.9B | ¥213.7B | ¥212.5B | ¥210.8B | ¥206.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥20.9B | ¥20.9B | ¥20.9B | ¥20.9B | ¥20.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥14.2B | ¥14.2B | ¥14.2B | ¥15.1B | ¥15.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥156.4B | ¥157.9B | ¥159.6B | ¥158.2B | ¥153.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-957M | ¥-1.4B | ¥-786M | ¥-1.1B | ¥-230M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥24.3B | ¥21.0B | ¥17.7B | ¥12.9B | ¥12.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥190.5B | ¥191.6B | ¥193.8B | ¥193.1B | ¥189.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥1.1B | ¥1.1B | ¥1.0B | ¥4.8B | ¥4.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥20.6B | ¥11.0B | ¥11.1B | ¥11.1B | ¥11.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥3.9B | ¥19.8B | ¥28.0B | ¥29.3B | ¥41.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥37.4B | ¥58.4B | ¥75.1B | ¥84.7B | ¥92.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥348 | ¥520 | ¥644 | ¥700 | ¥744 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,773 | ¥1,707 | ¥1,661 | ¥1,597 | ¥1,517 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥22.3B | ¥20.2B | ¥21.6B | ¥11.0B | ¥21.2B |
| Interest Paid | ¥-172M | ¥-144M | ¥-126M | ¥-97M | ¥-96M |
| Interest Received | ¥1.5B | ¥1.9B | ¥1.4B | ¥1.2B | ¥1.2B |
| D&A | ¥11.7B | ¥11.3B | ¥10.7B | ¥10.5B | ¥10.6B |
| Investing CF | ¥-29.6B | ¥-13.6B | ¥-3.5B | ¥-3.6B | ¥-10.2B |
| CapEx | ¥28.0B | ¥22.0B | ¥11.7B | ¥20.3B | ¥11.5B |
| Purchase Investments | ¥-818M | ¥-770M | ¥-290M | ¥-623M | ¥-438M |
| Proceeds from Invest. | ¥7.1B | ¥5.4B | ¥5.2B | ¥3.0B | ¥2.9B |
| Financing CF | ¥-4.5B | ¥-14.5B | ¥-15.5B | ¥-9.5B | ¥-8.6B |
| Dividends Paid | ¥-6.9B | ¥-7.3B | ¥-4.6B | — | — |
| Share Buybacks | ¥-7.0B | ¥-7.0B | ¥-6.0B | ¥-4.3B | ¥-4.0B |
| LT Debt Repaid | ¥-4.1B | ¥-183M | ¥-140M | ¥-143M | ¥-4.6B |
| Free Cash Flow | ¥-5.7B | ¥-1.9B | ¥10.0B | ¥-9.3B | ¥9.7B |
| Net Change in Cash | ¥-11.7B | ¥-7.2B | ¥2.8B | ¥-1.7B | ¥2.7B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 6.0% | 5.6% | 5.8% | 6.1% | 7.0% |
| ROA | 4.5% | 4.3% | 4.5% | 4.8% | 5.3% |
| EPS | ¥117.02 | ¥104.56 | ¥102.78 | ¥101.31 | ¥108.14 |
| DPS | ¥65.00 | ¥60.00 | ¥53.00 | ¥36.00 | ¥36.00 |
| BPS | ¥2,002.20 | ¥1,897.60 | ¥1,816.10 | ¥1,700.75 | ¥1,613.90 |
| FCF/Share | ¥-53 | ¥-17 | ¥86 | ¥-77 | ¥78 |
| NCAV/Share | ¥348 | ¥520 | ¥644 | ¥700 | ¥744 |
| Payout Ratio | 55.5% | 57.4% | 51.6% | 35.5% | 33.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 7
| # | 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)
|
13,504 | 12.54% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
5,841 | 5.43% |
| 3 |
Business Partner Stock Ownership Plan
東亞合成取引先持株会
|
5,139 | 4.77% |
| 4 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
4,654 | 4.32% |
| 5 |
Employee Stock Ownership Plan
東亞合成グループ社員持株会
|
3,332 | 3.10% |
| 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)
|
2,510 | 2.33% |
| 7 |
MUFG Bank
株式会社三菱UFJ銀行
|
2,259 | 2.10% |
| 8 | 大樹生命保険株式会社 | 1,845 | 1.71% |
| 9 |
THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT
THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT(常任代理人 株式会社三菱UFJ銀行 決済事業部)
|
1,753 | 1.63% |
| 10 |
The Hyakujushi Bank,Ltd.
株式会社百十四銀行
|
1,741 | 1.62% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
18.0%
-3.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.0%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.6%
+0.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 39.5% · 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 | 12.54% | 13.88% | 12.54% -1.34% | |
| Japan Custody Bank 日本カストディ銀行 | 5.72% | 7.44% | 5.43% -2.01% | |
| Business Partner Stock Ownership Plan 東亞合成取引先持株会 | 4.06% | 4.40% | 4.77% +0.37% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 4.98% | 4.66% | 4.32% -0.34% | |
| Employee Stock Ownership Plan 東亞合成グループ社員持株会 | 2.64% | 2.79% | 3.10% +0.31% | |
| State Street | — | 2.05% | 2.33% +0.28% | |
| MUFG Bank 式会社三菱UFJ銀行 | 2.42% | 2.26% | 2.10% -0.16% | |
| 大樹生命保険 | 1.58% | 1.64% | 1.71% +0.07% | |
| BNY Mellon | 1.52% | 1.56% | 1.63% +0.07% | |
| The Hyakujushi Bank,Ltd. 式会社百十四銀行 | — | 1.55% | 1.62% +0.07% | |
| JP Morgan last seen 2023 | Exited Top 10 | 1.52% | — | — |
| 農林中央金庫 last seen 2023 | Exited Top 10 | 1.69% | — | — |
| Concentration (HHI) ⓘ | 254 | 314 | 256 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥29,985M
+6% since 2023
Holdings
42
+1 new
5 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥29,985M total | FY2023 ¥28,215M 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
|
4,855 |
+166.7%
↑
963,141
|
2,484 | 361,147 | |
|
ISHIHARA SANGYO KAISHA, LTD.
石原産業㈱
|
4,722 |
1,722,271
|
2,319 | 1,722,271 | |
|
OSAKA SODA CO.,LTD.
㈱大阪ソーダ
|
3,690 |
+400.0%
↑
1,704,000
|
3,298 | 340,800 | M |
|
Sanyo Trading Co., Ltd.
三洋貿易㈱
|
2,235 |
1,497,330
|
1,790 | 1,497,330 | M |
|
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
大阪有機化学工業㈱
|
2,084 |
521,000
|
1,413 | 521,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
1,992 |
-55.6%
↓
799,160
|
2,178 | 1,798,120 | |
|
NIPPON KAYAKU CO.,LTD.
日本化薬㈱
|
1,748 |
1,040,000
|
1,399 | 1,040,000 | M |
|
The Hyakujushi Bank,Ltd.
㈱百十四銀行
|
1,128 |
169,409
|
407 | 169,409 | M |
|
KONISHI CO.,LTD.
コニシ㈱
|
1,064 |
+100.0%
↑
800,000
|
1,082 | 400,000 | M |
|
SHIKOKU KASEI HOLDINGS CORPOLATION
四国化成ホールディングス㈱
|
965 |
351,600
|
631 | 351,600 | M |
|
Hokuhoku Financial Group, Inc.
㈱ほくほくフィナンシャルグループ
|
674 |
147,057
|
224 | 147,057 | |
|
Aica Kogyo Company, Limited
アイカ工業㈱
|
570 |
162,200
|
553 | 162,200 | M |
|
NOK CORPORATION
NOK㈱
|
570 |
203,000
|
381 | 203,000 | M |
|
The Awa Bank,Ltd.
㈱阿波銀行
|
494 |
112,776
|
265 | 112,776 | M |
|
NAGASE & CO., LTD.
長瀬産業㈱
|
342 |
89,915
|
203 | 89,915 | 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㈱
|
273 |
+19.9%
↑
74,171
|
343 | 61,857 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
229 |
-30.0%
↓
39,443
|
198 | 56,343 | |
|
The Bank of Nagoya, Ltd.
㈱名古屋銀行
|
229 |
+200.0%
↑
52,800
|
95 | 17,600 | M |
|
SODA NIKKA CO., LTD.
ソーダニッカ㈱
|
219 |
203,115
|
217 | 203,115 | M |
|
NANKAI CHEMICAL COMPANY, LIMITED
南海化学㈱
|
217 |
70,000
|
304 | 70,000 | |
|
MEIKO TRANS CO.,LTD.
名港海運㈱
|
216 |
103,143
|
151 | 103,143 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
204 |
NEW
New
42,722
|
— | ||
|
IWATANI CORPORATION
岩谷産業㈱
|
194 |
+300.0%
↑
118,144
|
190 | 29,536 | M |
|
TOKAI CARBON CO., LTD.
東海カーボン㈱
|
186 |
-70.0%
↓
191,970
|
656 | 639,770 | M |
|
諱オ蜥梧ェ蠑丈シ夂、セ
恵和㈱
|
175 |
140,000
|
179 | 140,000 | |
|
Oji Holdings Corporation
王子ホールディングス㈱
|
154 |
-50.0%
↓
179,175
|
194 | 358,275 | M |
| 日本碍子㈱ | 152 |
45,651
|
76 | 45,651 | M |
|
C.Uyemura & Co.,Ltd.
上村工業㈱
|
149 |
+5.1%
↑
10,217
|
107 | 9,720 | |
|
TRUSCO NAKAYAMA CORPORATION
トラスコ中山㈱
|
101 |
42,164
|
103 | 42,164 | M |
|
The Shikoku Bank, Ltd.
㈱四国銀行
|
68 |
39,220
|
37 | 39,220 | M |
|
TOHO CHEMICAL INDUSTRY COMPANY,LIMITED
東邦化学工業㈱
|
36 |
50,000
|
25 | 50,000 | M |
|
New Japan Chemical Co., Ltd.
新日本理化㈱
|
25 |
115,000
|
21 | 115,000 | M |
|
MITANI SANGYO CO.,LTD.
三谷産業㈱
|
17 |
31,240
|
10 | 31,240 | M |
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
8 |
7,490
|
4 | 7,490 | |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— | — | |||
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
— | — | |||
| 森六ホールディングス㈱ | — | — | |||
|
Daishowa Paper Manufacturing Co., Ltd.
大王製紙㈱
|
— | — | |||
|
Nippon Denko Co., Ltd.
新日本電工㈱
|
— | — | |||
|
SEIKO PMC CORPORATION
星光PMC㈱
|
— | — | |||
|
譌・譛ャ陬ス邏呎ェ蠑丈シ夂、セ
日本製紙㈱
|
— | — | |||
|
Chuetsu Pulp & Paper Co., Ltd.
中越パルプ工業㈱
|
— | — | M | ||
|
TOKYO OHKA KOGYO CO., LTD.
東京応化工業㈱
|
— |
−100%
Exit
—
|
1,851 | 198,365 | M |
|
TORAY INDUSTRIES,INC.
東レ㈱
|
— |
−100%
Exit
—
|
518 | 706,860 | M |
|
Mitsui Chemicals, Inc.
三井化学㈱
|
— |
−100%
Exit
—
|
1,429 | 341,800 | M |
|
Mitsui & Co., Ltd.
三井物産㈱
|
— |
−100%
Exit
—
|
2,752 | 519,518 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
128 | 23,711 | |
| Portfolio total | 29,985 | 28,215 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding