4063
Shin-Etsu Chemical Co., Ltd.
信越化学工業株式会社
Chemicals
Shin-Etsu Chemical Co., Ltd. provides infrastructure, electronics, and functional materials in Japan. The company operates through Infrastructure Materials, Functional Materials, Electronics Materials, and Processing & Specialized Services segments. It offers polyvinyl chloride resin, caustic soda, methanol, chloromethanes, and polyvinyl alcohol; and semiconductor silicon, rare earth magnets, semiconductor encapsulating materials, LED packaging materials, photoresists, photomask blanks, and synthetic quartz products. The company also sells silicones, cellulose derivatives, silicon metal, synthetic pheromones, vinyl chloride-vinyl acetate copolymer, liquid fluoroelastomers, pellicles, and silicon anode material for lithium-ion batteries. In addition, it is involved in the processed plastics; export of technologies and plants; export and import of products; and engineering activities. The company was formerly known as Shin-Etsu Nitrogen Fertilizer Co., Ltd. and changed its name to Shin-Etsu Chemical Co., Ltd. in 1940. Shin-Etsu Chemical Co., Ltd. was incorporated in 1926 and is headquartered in Tokyo, Japan.
Price
¥7,758
Market Cap
¥15.2T
Ent. Value
¥13.8T
Net Cash
¥1.4T
Shares Out.
2.0B
P / E
30.7×
EV / EBIT
21.7×
P / Book
3.23×
P / NCAV
7.28×
Div. Yield
0.68%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥2,574.0B | ¥2,561.2B | ¥2,414.9B | ¥2,808.8B | ¥2,074.4B |
| Cost of Sales | ¥1,693.2B | ¥1,577.1B | ¥1,503.7B | ¥1,594.7B | ¥1,206.4B |
| Gross Profit | ¥880.8B | ¥984.1B | ¥911.2B | ¥1,214.1B | ¥868.0B |
| SG&A | ¥245.6B | ¥242.0B | ¥210.2B | ¥215.9B | ¥191.7B |
| Operating Income | ¥635.2B | ¥742.1B | ¥701.0B | ¥998.2B | ¥676.3B |
| Non-Operating Income | ¥88.4B | ¥102.9B | ¥98.3B | ¥35.1B | ¥28.6B |
| Interest Income | — | ¥86.7B | ¥68.0B | ¥16.6B | — |
| Non-Operating Expenses | — | ¥24.5B | ¥12.1B | ¥13.1B | ¥10.5B |
| Interest Expense | — | — | ¥1.5B | ¥1.5B | — |
| Ordinary Income | ¥708.3B | ¥820.5B | ¥787.2B | ¥1,020.2B | ¥694.4B |
| Pre-tax Income | ¥708.5B | ¥826.2B | ¥795.7B | ¥1,020.2B | ¥696.1B |
| Income Taxes | ¥202.2B | ¥246.1B | ¥230.5B | ¥256.6B | ¥171.1B |
| Current Tax | — | ¥211.1B | ¥215.6B | ¥240.5B | ¥172.6B |
| Deferred Tax | — | ¥35.1B | ¥14.9B | ¥16.1B | ¥-1.5B |
| Net Income (owners) | ¥474.5B | ¥534.0B | ¥520.1B | ¥708.2B | ¥500.1B |
| Minority Interest | — | ¥46.1B | ¥45.0B | ¥55.4B | ¥24.9B |
| Comprehensive Income | — | ¥844.1B | ¥746.8B | ¥1,001.0B | ¥668.2B |
| EBITDA | ¥878.2B | ¥981.9B | ¥929.5B | ¥1,212.8B | ¥845.9B |
| Goodwill Amort. (J-GAAP) | — | ¥1.5B | ¥871M | ¥969M | ¥833M |
| EPS | ¥252.69 | — | — | — | — |
| Shares Outstanding | — | 1.96B | 2.00B | 403.5M | 415.4M |
| Shares Issued (total) | — | 1.98B | 2.00B | 404.8M | 416.7M |
| Treasury Shares | — | 24.9M | 5.6M | 1.3M | 1.2M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥5,661.9B | ¥5,636.6B | ¥5,148.0B | ¥4,730.4B | ¥4,053.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥3,106.1B | ¥3,209.7B | ¥3,036.5B | ¥2,863.5B | ¥2,438.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥1,660.1B | ¥1,708.4B | ¥1,699.0B | ¥1,449.6B | ¥1,112.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥514.7B | ¥481.8B | ¥472.6B | ¥473.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,555.9B | ¥2,426.9B | ¥2,111.5B | ¥1,866.9B | ¥1,615.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2,153.3B | ¥2,065.9B | ¥1,746.6B | ¥1,518.2B | ¥1,290.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥27.4B | ¥1.4B | ¥2.2B | ¥4.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥36.9B | ¥10.2B | ¥10.4B | ¥10.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥151.8B | ¥134.6B | ¥183.8B | ¥171.1B | ¥161.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥90.2B | ¥71.3B | ¥75.0B | ¥65.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,018.6B | ¥799.0B | ¥723.9B | ¥704.2B | ¥624.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥522.6B | ¥537.1B | ¥520.4B | ¥507.8B | ¥477.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥184.4B | ¥161.4B | ¥185.0B | ¥177.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥6.9B | ¥9.4B | ¥10.4B | ¥11.0B | ¥13.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥84.6B | ¥73.1B | ¥65.5B | ¥73.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥496.0B | ¥261.9B | ¥203.5B | ¥196.4B | ¥146.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥236.4B | ¥7.5B | ¥13.9B | ¥18.8B | ¥16.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥33.2B | ¥32.6B | ¥36.9B | ¥41.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥191.8B | ¥129.3B | ¥112.2B | ¥66.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥4,643.3B | ¥4,837.6B | ¥4,424.1B | ¥4,026.2B | ¥3,429.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥119.4B | ¥119.4B | ¥119.4B | ¥119.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥125.7B | ¥127.9B | ¥128.3B | ¥129.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥4,022.6B | ¥3,755.3B | ¥3,520.4B | ¥3,310.2B | ¥2,993.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-121.0B | ¥-24.3B | ¥-22.9B | ¥-15.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥776.9B | ¥514.5B | ¥335.3B | ¥100.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥3,655.6B | ¥3,879.4B | ¥3,743.4B | ¥3,535.1B | ¥3,225.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥175.1B | ¥161.3B | ¥152.0B | ¥99.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥243.3B | ¥16.8B | ¥24.3B | ¥29.8B | ¥30.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥1,416.8B | ¥1,691.6B | ¥1,674.7B | ¥1,419.8B | ¥1,082.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥2,087.5B | ¥2,410.6B | ¥2,312.6B | ¥2,159.3B | ¥1,813.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,230 | ¥1,159 | ¥5,351 | ¥4,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,979 | ¥1,875 | ¥8,761 | ¥7,765 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥712.7B | ¥881.9B | ¥755.2B | ¥788.0B | ¥553.5B |
| Interest Paid | — | ¥-1.2B | ¥-1.3B | ¥-1.2B | ¥-816M |
| Interest Received | — | ¥96.9B | ¥64.9B | ¥23.2B | ¥7.0B |
| D&A | ¥243.0B | ¥238.4B | ¥227.6B | ¥213.6B | ¥168.8B |
| Goodwill Amort. | — | ¥1.5B | ¥871M | ¥969M | ¥833M |
| Investing CF | ¥-544.8B | ¥-142.6B | ¥-1,099.2B | ¥-186.5B | ¥-253.7B |
| CapEx | ¥353.6B | ¥439.5B | ¥374.4B | ¥295.5B | ¥195.8B |
| Purchase Investments | — | ¥-6.1B | ¥-2.6B | ¥-9.0B | ¥-8.1B |
| Proceeds from Invest. | — | — | ¥26.6B | ¥86M | — |
| Financing CF | ¥-504.8B | ¥-454.9B | ¥-369.5B | ¥-423.6B | ¥-122.5B |
| Dividends Paid | — | ¥-204.7B | ¥-211.2B | ¥-195.4B | ¥-120.5B |
| Share Buybacks | — | ¥-194.0B | ¥-107.7B | ¥-206.8B | ¥-6.0B |
| LT Debt Repaid | — | ¥-12.6B | ¥-5.1B | ¥-6.0B | ¥-3.0B |
| Free Cash Flow | ¥359.0B | ¥442.5B | ¥380.8B | ¥492.5B | ¥357.8B |
| Net Change in Cash | — | ¥292.6B | ¥-657.2B | ¥238.4B | ¥207.3B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 10.0% | 12.0% | 12.8% | 19.7% | 16.3% |
| ROA | 8.4% | 9.9% | 10.5% | 16.1% | 12.3% |
| EPS | ¥252.69 | — | — | — | — |
| DPS | ¥53.00 | — | — | — | — |
| BPS | ¥2,400.39 | — | — | — | — |
| FCF/Share | — | ¥226 | ¥191 | ¥1,221 | ¥861 |
| NCAV/Share | — | ¥1,230 | ¥1,159 | ¥5,351 | ¥4,366 |
| Payout Ratio | 21.0% | — | — | — | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
Capital Allocation Signals 3
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-20
15:30
|
Div Cut | ¥98.4B ¥53.0/sh -5% | Shin-Etsu Chemical announced a final dividend of ¥53.00 per share for FY2026 (year ending March 31, 2026), totaling ¥98.… | |
|
Summary
Shin-Etsu Chemical announced a final dividend of ¥53.00 per share for FY2026 (year ending March 31, 2026), totaling ¥98.405 billion, representing a year-over-year decrease from ¥53.00 per share and ¥103.886 billion in the prior year. The dividend maintains the same per-share amount but reflects a lower total payout due to reduced share count. Annual dividend remains unchanged at ¥106.00 per share (¥53.00 interim + ¥53.00 final).
Deadline: 2026-06-29
YoY: -5%
Source (JP)
1株当たり配当金 53円00銭、配当金総額 98,405百万円。前期実績 53円00銭、103,886百万円。
剰余金の配当に関するお知らせ
TDnet PDF
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2026-05-20
15:30
|
Buyback | ¥250.0B 2.4% | Shin-Etsu Chemical announced a public tender offer (TOB) to acquire up to 45 million treasury shares for up to ¥250 bill… | |
|
Summary
Shin-Etsu Chemical announced a public tender offer (TOB) to acquire up to 45 million treasury shares for up to ¥250 billion through May 2027, targeting policy stock holdings reduction by two insurance companies (Aioi Nissay Dowa and Sompo Japan). The buyback targets shares from these two major shareholders at a 10% discount to the reference market price, with an expected acquisition of approximately 10.1 million shares (4.86M from Aioi Nissay Dowa and 5.21M from Sompo Japan).
Deadline: 2027-04-27
% of Shares: 2.4%
Shares: 45,000,000
Source (JP)
2,500億円を上限として自己株式の取得を行うことを決議...自己株式の公開買付けの手法で取得することを決議しました...取得株式総数:45,000,000株(上限)、取得価額の総額:250,000,000,000円(上限)、取得期間:2026年5月21日~2027年4月27日
自己株式の公開買付けに関するお知らせ
TDnet PDF
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2026-04-28
15:30
|
Buyback | ¥250.0B 2.4% | Shin-Etsu Chemical resolved on 2026-04-28 to conduct a share buyback program of up to ¥250 billion to acquire up to 45 m… | |
|
Summary
Shin-Etsu Chemical resolved on 2026-04-28 to conduct a share buyback program of up to ¥250 billion to acquire up to 45 million shares (2.42% of outstanding shares). The acquisition period runs from 2026-05-21 through 2027-04-27 as part of the company's capital allocation policy focused on shareholder returns while maintaining financial discipline.
Deadline: 2027-04-27
% of Shares: 2.4%
Shares: 45,000,000
Source (JP)
本日2,500億円の自己株式取得を決議しました。取得し得る株式の総数:45百万株(上限)。取得期間:2026年5月21日から2027年4月27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㈱(信託口)
|
355,028 | 18.11% |
| 2 |
Japan Custody Bank
㈱日本カストディ銀行(信託口)
|
139,805 | 7.13% |
| 3 |
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行㈱)
|
76,765 | 3.92% |
| 4 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385632 (常任代理人 ㈱みずほ銀行決済営業部)
|
70,600 | 3.60% |
| 5 | ㈱八十二銀行 (常任代理人 日本マスタートラスト信託銀行㈱) | 57,136 | 2.91% |
| 6 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社 (常任代理人 ㈱日本カストディ銀行)
|
53,439 | 2.73% |
| 7 |
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)
|
48,068 | 2.45% |
| 8 |
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ東京支店)
|
36,306 | 1.85% |
| 9 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 ㈱みずほ銀行決済営業部)
|
35,828 | 1.83% |
| 10 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 ㈱みずほ銀行決済営業部)
|
27,851 | 1.42% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
25.2%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
9.3%
-0.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
11.4%
-0.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 46.0% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 18.42% | 18.46% | 18.11% -0.35% | |
| Japan Custody Bank 日本カストディ銀行 | 7.19% | 6.98% | 7.13% +0.15% | |
| JP Morgan | 7.01% | 5.36% | 5.02% -0.34% | |
| State Street | 4.13% | 4.10% | 4.28% +0.18% | |
| Nippon Life Insurance 日本生命保険 | 3.81% | 3.85% | 3.92% +0.07% | |
| ㈱八十二銀行 | 2.92% | 2.95% | 2.91% -0.04% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 2.65% | 2.68% | 2.73% +0.05% | |
| GOVERNMENT OF NORWAY | 2.04% | 1.99% | 1.85% -0.14% | |
| Concentration (HHI) ⓘ | 491 | 470 | 457 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥56,414M
-3% since 2023
Holdings
40
+7 new
14 exited
Trend
6 unwinding
vs 2023
| Held Company | FY2025 ¥56,414M total | FY2023 ¥57,908M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
13,561 |
-47.9%
↓
6,743,816
|
10,975 | 12,943,816 | |
| MS ADインシュアランスグループホールディングス㈱ (注)3 | 10,910 |
NEW
New
3,383,097
|
— | ||
|
suzuki motor corporation
スズキ㈱ (注)3
|
9,629 |
NEW
New
5,320,000
|
— | ||
|
Mitsubishi Logistics Corporation
三菱倉庫㈱ (注)3
|
4,129 |
NEW
New
4,270,000
|
— | M | |
|
KUBOTA CORPORATION
㈱クボタ
|
2,636 |
-21.7%
↓
1,440,000
|
3,678 | 1,840,000 | M |
|
Riken Technos Co., Ltd.
リケンテクノス㈱
|
2,503 |
-27.3%
↓
2,400,523
|
1,944 | 3,300,523 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
2,098 |
802,000
|
1,507 | 802,000 | M |
|
Kurita Water Industries Ltd.
栗田工業㈱
|
1,764 |
384,500
|
2,322 | 384,500 | M |
|
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
大阪有機化学工業㈱
|
1,025 |
419,300
|
904 | 419,300 | M |
|
Tokuyama Corporation
㈱トクヤマ
|
853 |
306,200
|
644 | 306,200 | M |
| 崇越電通(股) | 853 |
2,815,296
|
917 | 2,815,296 | |
|
Sanken Electric Co.,Ltd.
サンケン電気㈱
|
853 |
126,800
|
1,339 | 126,800 | |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
804 |
331,000
|
521 | 331,000 | M |
|
NOF CORPORATION
日油㈱ (注)3
|
784 |
NEW
New
388,500
|
— | M | |
|
TOKYO OHKA KOGYO CO., LTD.
東京応化工業㈱
|
767 |
+200.0%
↑
247,947
|
635 | 82,649 | M |
|
The Chiba Bank, Ltd.
㈱千葉銀行
|
511 |
365,358
|
312 | 365,358 | M |
|
KONISHI CO.,LTD.
コニシ㈱
|
468 |
+100.0%
↑
400,000
|
383 | 200,000 | M |
|
Shiseido Company, Limited
㈱資生堂
|
450 |
159,720
|
987 | 159,720 | |
|
The Gunma Bank, Ltd.
㈱群馬銀行
|
256 |
-13.8%
↓
208,091
|
106 | 241,491 | M |
|
NOK CORPORATION
NOK㈱
|
218 |
100,000
|
146 | 100,000 | M |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
167 |
227,372
|
84 | 227,372 | M |
|
KAJIMA CORPORATION
鹿島建設㈱
|
151 |
-49.9%
↓
49,544
|
158 | 98,944 | M |
|
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
|
149 |
25,000
|
62 | 25,000 | M |
| NANO MRNA㈱ | 118 |
NEW
New
825,000
|
— | ||
|
NIPPON KAYAKU CO.,LTD.
日本化薬㈱
|
118 |
84,000
|
100 | 84,000 | M |
|
FUKUVI CHEMICAL INDUSTRY CO.,LTD.
フクビ化学工業㈱
|
115 |
140,000
|
81 | 140,000 | |
|
The Toho Bank, Ltd.
㈱東邦銀行
|
112 |
-38.8%
↓
315,100
|
111 | 515,100 | M |
|
TIGERS POLYMER CORPORATION
タイガースポリマー㈱
|
107 |
151,380
|
67 | 151,380 | M |
|
Achilles Co., Ltd.
アキレス㈱
|
72 |
51,278
|
69 | 51,278 | M |
|
OKAMOTO INDUSTRIES,INC.
オカモト㈱
|
58 |
11,600
|
46 | 11,600 | |
|
ASAHI YUKIZAI CORPORATION
旭有機材㈱
|
51 |
14,140
|
44 | 14,140 | |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱ (注)3
|
47 |
NEW
New
22,300
|
— | ||
|
Daiichi Jitsugyo Co., Ltd.
第一実業㈱
|
39 |
+50.0%
↑
18,000
|
66 | 12,000 | M |
|
MATSUMOTO YUSHI-SEIYAKU CO.,LTD.
松本油脂製薬㈱
|
23 |
1,320
|
18 | 1,320 | M |
|
LINTEC Corporation
リンテック㈱
|
13 |
5,000
|
10 | 5,000 | |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱ (注)3
|
2 |
NEW
New
573
|
— | ||
|
TOPPAN Holdings Inc.
TOPPANホールディングス(株)
|
— | — | |||
|
Daishi Hokuetsu Financial Group,Inc.
㈱第四北越フィナンシャルグループ
|
— | — | |||
|
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
|
— | — | |||
|
The Fukui Bank, Ltd.
㈱福井銀行
|
— | — | M | ||
| ㈱八十二銀行 | — |
−100%
Exit
—
|
6,802 | 11,830,591 | M |
|
Panasonic Holdings Corporation
パナソニックホールディングス㈱
|
— |
−100%
Exit
—
|
295 | 250,382 | |
|
suzuki motor corporation
スズキ㈱
|
— |
−100%
Exit
—
|
6,389 | 1,330,000 | M |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— |
−100%
Exit
—
|
4,752 | 3,011,000 | M |
| MS ADインシュアランスグループホールディングス㈱ | — |
−100%
Exit
—
|
4,630 | 1,127,699 | |
|
Mitsubishi Logistics Corporation
三菱倉庫㈱
|
— |
−100%
Exit
—
|
2,655 | 854,000 | M |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
1,210 | 454,250 | M |
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス㈱
|
— |
−100%
Exit
—
|
1,014 | 426,000 | |
|
Hitachi, Ltd.
㈱日立製作所
|
— |
−100%
Exit
—
|
906 | 125,000 | |
|
NOF CORPORATION
日油㈱
|
— |
−100%
Exit
—
|
799 | 129,500 | M |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— |
−100%
Exit
—
|
97 | 26,250 | M |
|
OBAYASHI CORPORATION
㈱大林組
|
— |
−100%
Exit
—
|
76 | 76,000 | M |
|
TERAOKA SEISAKUSHO CO.,LTD.
㈱寺岡製作所
|
— |
−100%
Exit
—
|
46 | 150,000 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
— |
−100%
Exit
—
|
1 | 191 | |
| Portfolio total | 56,414 | 57,908 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding