4062
IBIDEN CO.,LTD.
イビデン株式会社
Technology · Electronic Components
Ibiden Co.,Ltd., together with its subsidiaries, manufactures and sells electronic and ceramics products in Japan, Asia, North America, and internationally. The company offers printed circuit boards; plastic packaging; and integrated circuit package substrates used as microprocessor units for personal computers and data centers, as well as graphic processing units for AI and vehicles. It also provides diesel particulate filter substrates for passenger cars mounted with diesel engines, buses, and tracks; substrate holding mats for automobiles, construction machinery, and agricultural equipment; high temperature insulating wools for heat processing devices in energy industrial facilities, molten metal casting apparatuses, fuel cells, and high-heat part insulating materials for combustion devices; graphite specialty for single crystal pulling apparatuses for silicon and SiC, auto and aviation electric discharge machining electrode, and industrial materials for continuous casting and industrial furnaces; and special carbon products, fine ceramic products, and ceramic fines. In addition, the company is involved in construction; production of building materials, including decorative interior laminates, as well as bars and food; synthetic resin processing; agricultural and livestock products; maintenance service; marine product processing; sale of petroleum products; information services; environmental engineering technology; medical software package development; sale of information and communication terminals; sale of welfare vehicles; LP gas; styrol automotive components; and electrode for high-precision electric discharge machining. The company was formerly known as Ibigawa Electric Power Co., Ltd. and changed its name to Ibiden Co.,Ltd. in November 1982. Ibiden Co.,Ltd. was incorporated in 1912 and is headquartered in Ogaki, Japan.
Price
¥23,000
Market Cap
¥3.2T
Ent. Value
¥3.0T
Net Cash
¥190.7B
Shares Out.
139.9M
P / E
100.8×
EV / EBIT
48.8×
P / Book
11.68×
P / NCAV
51.46×
Div. Yield
0.13%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥416.2B | ¥369.4B | ¥370.5B | ¥417.5B | ¥401.1B |
| Cost of Sales | ¥284.5B | ¥256.1B | ¥268.0B | ¥290.0B | ¥281.1B |
| Gross Profit | ¥131.7B | ¥113.3B | ¥102.5B | ¥127.5B | ¥120.1B |
| SG&A | ¥69.6B | ¥65.7B | ¥54.9B | ¥55.2B | ¥49.3B |
| Operating Income | ¥62.0B | ¥47.6B | ¥47.6B | ¥72.4B | ¥70.8B |
| Non-Operating Income | ¥4.8B | ¥5.0B | ¥4.8B | ¥5.0B | ¥4.8B |
| Dividend Income | — | ¥2.2B | ¥1.7B | ¥1.6B | ¥1.3B |
| Interest Income | — | ¥2.2B | ¥1.2B | ¥955M | ¥103M |
| Non-Operating Expenses | — | ¥4.7B | ¥1.2B | ¥1.1B | ¥1.2B |
| Interest Expense | — | ¥1.2B | ¥710M | ¥370M | ¥280M |
| Ordinary Income | ¥60.8B | ¥47.9B | ¥51.1B | ¥76.2B | ¥74.4B |
| Pre-tax Income | ¥91.1B | ¥51.5B | ¥47.4B | ¥71.7B | ¥59.3B |
| Income Taxes | ¥26.9B | ¥17.4B | ¥15.7B | ¥19.3B | ¥17.7B |
| Current Tax | — | ¥21.4B | ¥15.4B | ¥23.8B | ¥19.0B |
| Deferred Tax | — | ¥-4.0B | ¥299M | ¥-4.5B | ¥-1.4B |
| Net Income (owners) | ¥63.7B | ¥33.7B | ¥31.5B | ¥52.2B | ¥41.2B |
| Minority Interest | — | ¥346M | ¥259M | ¥226M | ¥331M |
| Comprehensive Income | — | ¥1.8B | ¥81.7B | ¥61.7B | ¥55.0B |
| EBITDA | ¥128.3B | ¥101.9B | ¥93.7B | ¥127.4B | ¥123.6B |
| Goodwill Amort. (J-GAAP) | — | ¥115M | ¥111M | ¥100M | ¥92M |
| EPS | ¥228.16 | ¥241.32 | ¥225.44 | ¥373.73 | ¥295.35 |
| Shares Outstanding | — | 139.9M | 139.9M | 139.9M | 139.9M |
| Shares Issued (total) | — | 140.9M | 140.9M | 140.9M | 140.9M |
| Treasury Shares | — | 1.0M | 1.0M | 1.0M | 1.0M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥960.4B | ¥1,081.7B | ¥1,130.0B | ¥857.5B | ¥664.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥465.5B | ¥549.6B | ¥600.8B | ¥476.8B | ¥363.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥295.7B | ¥390.7B | ¥443.6B | ¥302.4B | ¥185.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥65.6B | ¥61.0B | ¥75.9B | ¥92.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥494.9B | ¥532.1B | ¥529.2B | ¥380.7B | ¥301.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥437.7B | ¥460.1B | ¥408.8B | ¥307.0B | ¥225.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥4.3B | ¥4.6B | ¥5.2B | ¥5.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥32.3B | ¥58.8B | ¥110.2B | ¥61.3B | ¥64.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥7.2B | ¥4.3B | ¥5.5B | ¥4.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥403.0B | ¥584.4B | ¥628.2B | ¥431.9B | ¥293.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥221.6B | ¥327.7B | ¥358.4B | ¥223.3B | ¥156.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥28.5B | ¥31.4B | ¥28.3B | ¥51.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | — | ¥50.0B | ¥55.0B | ¥65.0B | ¥20.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥14.9B | ¥4.1B | ¥14.3B | ¥14.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥181.4B | ¥256.7B | ¥269.8B | ¥208.6B | ¥137.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥105.0B | ¥180.0B | ¥180.0B | ¥205.0B | ¥130.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥800M | ¥751M | ¥573M | ¥578M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥1.0B | ¥13.4B | ¥825M | ¥5.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥557.4B | ¥497.3B | ¥501.8B | ¥425.6B | ¥370.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥64.2B | ¥64.2B | ¥64.2B | ¥64.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥64.6B | ¥64.5B | ¥64.5B | ¥64.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥340.5B | ¥283.8B | ¥255.7B | ¥229.8B | ¥184.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-3.5B | ¥-3.0B | ¥-3.1B | ¥-3.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥81.5B | ¥113.6B | ¥63.9B | ¥54.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥465.8B | ¥409.0B | ¥381.4B | ¥355.3B | ¥310.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥6.8B | ¥6.9B | ¥6.4B | ¥6.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥105.0B | ¥230.0B | ¥235.0B | ¥270.0B | ¥150.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥190.7B | ¥160.7B | ¥208.6B | ¥32.4B | ¥35.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥62.5B | ¥-34.8B | ¥-27.4B | ¥44.9B | ¥69.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-249 | ¥-196 | ¥321 | ¥498 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,924 | ¥2,726 | ¥2,540 | ¥2,216 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥106.4B | ¥118.9B | ¥145.2B | ¥125.7B | ¥108.4B |
| Interest Paid | — | ¥-1.2B | ¥-710M | ¥-370M | ¥-280M |
| Interest Received | — | ¥3.9B | ¥2.9B | ¥2.5B | ¥1.4B |
| D&A | ¥66.2B | ¥54.2B | ¥46.0B | ¥54.9B | ¥52.7B |
| Goodwill Amort. | — | ¥115M | ¥111M | ¥100M | ¥92M |
| Investing CF | ¥-52.4B | ¥-164.2B | ¥-77.3B | ¥-104.0B | ¥-67.7B |
| CapEx | ¥106.1B | ¥197.5B | ¥85.5B | ¥103.2B | ¥66.2B |
| Purchase Investments | — | ¥-32M | ¥-40M | ¥-39M | ¥-35M |
| Proceeds from Invest. | — | ¥34.6B | ¥182M | ¥402M | ¥225M |
| Financing CF | ¥-157.5B | ¥-7.1B | ¥67.5B | ¥92.6B | ¥13.9B |
| Dividends Paid | — | ¥-5.6B | ¥-5.6B | ¥-7.0B | ¥-5.6B |
| Share Buybacks | — | ¥-641M | ¥-12M | ¥-8M | ¥-11M |
| LT Debt Repaid | — | ¥-35.0B | ¥-45.0B | — | ¥-44M |
| Free Cash Flow | ¥289M | ¥-78.6B | ¥59.8B | ¥22.5B | ¥42.2B |
| Net Change in Cash | — | ¥-52.9B | ¥141.2B | ¥116.8B | ¥58.7B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 12.1% | 6.8% | 6.9% | 13.3% | 12.1% |
| ROA | 6.2% | 3.0% | 3.2% | 6.9% | 6.2% |
| EPS | ¥228.16 | ¥241.32 | ¥225.44 | ¥373.73 | ¥295.35 |
| DPS | ¥30.00 | ¥40.00 | ¥40.00 | ¥50.00 | ¥40.00 |
| BPS | ¥1,969.85 | ¥3,513.31 | ¥3,543.06 | ¥3,002.08 | ¥2,611.43 |
| FCF/Share | — | ¥-562 | ¥427 | ¥161 | ¥301 |
| NCAV/Share | — | ¥-249 | ¥-196 | ¥321 | ¥498 |
| Payout Ratio | 13.1% | 16.6% | 17.7% | 13.4% | 13.5% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 52
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-19
15:40
|
Div Increase | ¥4.2B ¥15.0/sh +50% | Ibiden announced a final dividend of ¥15.00 per share for FY2026 (ended March 31, 2026), totaling ¥4.196 billion, effect… | |
|
Summary
Ibiden announced a final dividend of ¥15.00 per share for FY2026 (ended March 31, 2026), totaling ¥4.196 billion, effective June 5, 2026. Combined with the interim dividend of ¥15.00, annual dividends reach ¥30.00 per share, a 50% increase from ¥20.00 in the prior year. The company has established a progressive dividend policy targeting 20% payout ratio through FY2031 with an annual dividend base of ¥20 per share.
YoY: +50%
Source (JP)
当期(2026年3月期)の期末配当につきましては、上記の基本方針および当社を取り巻く経営環境等を総合的に勘案し、上記の通り実施いたします。これにより、中間配当金と期末配当金を合わせた年間配当金は、前期と比べ10円増配となる1株当たり30円となります。
剰余金の配当に関するお知らせ
TDnet PDF
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|
2026-05-11
15:40
|
Div Increase | ¥15.0/sh +50% | Ibiden revised upward its FY2026 (ending March 2026) final dividend forecast from ¥10 per share to ¥15 per share, repres… | |
|
Summary
Ibiden revised upward its FY2026 (ending March 2026) final dividend forecast from ¥10 per share to ¥15 per share, representing a ¥5 increase. Full-year dividend guidance raised to ¥30 per share from ¥25 per share. The increase reflects strong performance and aligns with the company's cumulative dividend policy targeting 20% payout ratio with ¥20 base annual dividend through FY2031.
Deadline: 2026-05-19
YoY: +50%
Source (JP)
期末配当予想を前回予想の1株当たり10円から5円増額し、15円に修正することといたしました。当期の業績等を総合的に勘案した結果、配当性向20%を目安とし、年間配当1株につき20円をベースに累進配当とする方針としております。
期末配当予想の修正(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)
|
19,684 | 14.07% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
11,667 | 8.34% |
| 3 |
Toyota Industries Corporation
株式会社豊田自動織機
|
6,221 | 4.45% |
| 4 |
Stock Ownership Plan
イビデン協力会社持株会
|
3,835 | 2.74% |
| 5 | 株式会社十六銀行 | 3,520 | 2.52% |
| 6 | 株式会社大垣共立銀行 | 3,200 | 2.29% |
| 7 |
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)
|
3,086 | 2.21% |
| 8 | GIC PRIVATE LIMITED-C (常任代理人 株式会社三菱UFJ銀行) | 2,779 | 1.99% |
| 9 | 大樹生命保険株式会社 | 2,539 | 1.82% |
| 10 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
2,308 | 1.65% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.4%
-0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.2%
-1.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.5%
+1.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 42.1% · 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 | 16.20% | 14.68% | 14.07% -0.61% | |
| Japan Custody Bank 日本カストディ銀行 | 10.03% | 8.37% | 8.34% -0.03% | |
| Toyota Industries Corporation 式会社豊田自動織機 | 4.45% | 4.45% | 4.45% | |
| Stock Ownership Plan イビデン協力会社持株会 | 2.93% | 2.74% | 2.74% | |
| 式会社十六銀行 | 2.95% | 2.59% | 2.52% -0.07% | |
| 式会社大垣共立銀行 NEW ENTRY | 2.97% | — | 2.29% NEW | |
| State Street | 1.48% | 3.25% | 2.21% -1.04% | |
| GIC PRIVATE LIMITED-C NEW ENTRY | — | — | — | 1.99% NEW |
| 大樹生命保険 | 1.82% | 1.82% | 1.82% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 1.65% | 1.65% | 1.65% | |
| The Ogaki Kyoritsu Bank, Ltd. 大垣共立銀行 last seen 2024 | Exited Top 10 | — | 2.29% | — |
| イビデン社員持株会 last seen 2023 | Exited Top 10 | 1.68% | — | — |
| Concentration (HHI) ⓘ | 420 | 341 | 321 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥55,673M
-6% since 2023
Holdings
17
+1 new
8 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥55,673M total | FY2023 ¥59,162M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOYOTA INDUSTRIES CORPORATION
㈱豊田自動織機
|
35,103 |
2,763,000
|
20,308 | 2,763,000 | M |
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス㈱
|
6,782 |
-50.0%
↓
1,502,444
|
7,157 | 3,004,844 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
4,070 |
+200.0%
↑
1,072,572
|
1,894 | 357,524 | M |
|
USHIO INC.
ウシオ電機㈱
|
2,265 |
1,224,100
|
2,038 | 1,224,100 | M |
|
Mitsui Fudosan Co., Ltd.
三井不動産㈱
|
2,167 |
+50.0%
↑
1,629,000
|
2,697 | 1,086,000 | M |
|
Juroku Financial Group, Inc.
㈱十六フィナンシャルグループ
|
1,934 |
400,593
|
1,131 | 400,593 | M |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱
|
1,296 |
313,472
|
772 | 313,472 | M |
|
The Ogaki Kyoritsu Bank, Ltd.
㈱大垣共立銀行
|
877 |
369,150
|
659 | 369,150 | M |
| MS ADインシュアランスグループホールディングス㈱ | 722 |
+200.0%
↑
223,956
|
306 | 74,652 | M |
|
JAPAN PURE CHEMICAL CO.,LTD.
日本高純度化学㈱
|
174 |
56,000
|
147 | 56,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱ (注)2
|
148 |
NEW
New
40,000
|
— | M | |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス㈱
|
64 |
28,154
|
41 | 28,154 | M |
|
Teikoku Tsushin Kogyo Co.,Ltd
帝国通信工業㈱
|
31 |
13,200
|
19 | 13,200 | M |
|
Sun Messe Co.,Ltd.
サンメッセ㈱
|
20 |
55,000
|
19 | 55,000 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
14 |
5,500
|
10 | 5,500 | |
|
Misonoza Co.
㈱御園座
|
6 |
4,000
|
7 | 4,000 | |
|
OKAMURA CORPORATION
㈱オカムラ
|
— | — | M | ||
|
DENSO CORPORATION
㈱デンソー
|
— |
−100%
Exit
—
|
16,441 | 2,209,000 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
1,977 | 2,332,030 | M |
|
CKD Corporation
CKD㈱
|
— |
−100%
Exit
—
|
1,481 | 689,000 | M |
|
suzuki motor corporation
スズキ㈱
|
— |
−100%
Exit
—
|
955 | 199,000 | M |
|
KANEKA CORPORATION
㈱カネカ
|
— |
−100%
Exit
—
|
485 | 140,784 | M |
|
MIURA CO.,LTD.
三浦工業㈱
|
— |
−100%
Exit
—
|
412 | 122,100 | M |
|
HONDA MOTOR CO., LTD.
本田技研工業㈱
|
— |
−100%
Exit
—
|
116 | 33,050 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
90 | 20,000 | M |
| Portfolio total | 55,673 | 59,162 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding