4205
ZEON CORPORATION
日本ゼオン株式会社
Chemicals
Zeon Corporation engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia. It operates through Elastomer Materials Business and High-Performance Materials Business segments. The company provides synthetic rubbers and latices, chemicals, aroma, and specialty chemicals. It also offers electronic and energy materials, specialty plastics, plastic film, carbon nanotube-related products, and medical products. Its products are used for transportation, electronics, telecommunication, civil engineering, architecture, housing, lifestyle, and industrial applications. Zeon Corporation was incorporated in 1950 and is headquartered in Chiyoda, Japan.
Price
¥2,190
Market Cap
¥435.0B
Ent. Value
¥416.6B
Net Cash
¥18.4B
Shares Out.
198.7M
P / E
17.2×
EV / EBIT
14.2×
P / Book
1.21×
P / NCAV
3.56×
Div. Yield
3.20%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥420.6B | ¥382.3B | ¥388.6B | ¥361.7B |
| Cost of Sales | ¥302.4B | ¥279.8B | ¥279.0B | ¥241.4B |
| Gross Profit | ¥118.2B | ¥102.5B | ¥109.6B | ¥120.4B |
| SG&A | ¥88.9B | ¥82.0B | ¥82.5B | ¥75.9B |
| Operating Income | ¥29.3B | ¥20.5B | ¥27.2B | ¥44.4B |
| Non-Operating Income | ¥5.7B | ¥7.7B | ¥5.2B | ¥5.7B |
| Dividend Income | ¥2.8B | ¥3.3B | ¥3.4B | ¥2.6B |
| Interest Income | ¥312M | ¥289M | ¥210M | ¥295M |
| Non-Operating Expenses | ¥1.9B | ¥1.3B | ¥958M | ¥634M |
| Interest Expense | ¥157M | ¥68M | ¥85M | ¥130M |
| Ordinary Income | ¥33.1B | ¥26.9B | ¥31.4B | ¥49.5B |
| Pre-tax Income | ¥32.9B | ¥43.8B | ¥14.5B | ¥46.2B |
| Income Taxes | ¥6.6B | ¥12.8B | ¥3.9B | ¥12.5B |
| Current Tax | ¥9.0B | ¥13.8B | ¥9.8B | ¥12.5B |
| Deferred Tax | ¥-2.4B | ¥-904M | ¥-5.9B | ¥31M |
| Net Income (owners) | ¥26.2B | ¥31.1B | ¥10.6B | ¥33.4B |
| Minority Interest | ¥156M | ¥-99M | ¥39M | ¥293M |
| Comprehensive Income | ¥26.1B | ¥35.2B | ¥28.9B | ¥34.6B |
| EBITDA | ¥48.8B | ¥40.6B | ¥47.6B | ¥65.9B |
| EPS | ¥127.43 | ¥147.19 | ¥49.94 | ¥153.22 |
| Shares Outstanding | 198.7M | 212.8M | 211.3M | 214.2M |
| Shares Issued (total) | 215.3M | 229.5M | 229.5M | 237.1M |
| Treasury Shares | 16.6M | 16.8M | 18.2M | 22.9M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥533.8B | ¥532.3B | ¥522.9B | ¥484.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥298.1B | ¥301.0B | ¥296.6B | ¥274.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥27.4B | ¥42.8B | ¥30.1B | ¥47.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥80.7B | ¥81.2B | ¥76.4B | ¥76.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥235.7B | ¥231.3B | ¥226.2B | ¥209.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥143.7B | ¥130.7B | ¥113.9B | ¥118.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥6.0B | ¥5.4B | ¥4.4B | ¥3.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥71.2B | ¥85.3B | ¥100.1B | ¥80.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥7.6B | ¥2.2B | ¥728M | ¥616M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥175.8B | ¥168.5B | ¥183.6B | ¥162.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥152.0B | ¥143.6B | ¥160.6B | ¥138.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥68.6B | ¥83.4B | ¥83.7B | ¥79.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥9.0B | ¥9.0B | ¥9.0B | ¥9.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥3.0B | ¥7.2B | ¥2.9B | ¥7.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥23.8B | ¥25.0B | ¥23.0B | ¥24.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥14.2B | ¥14.2B | ¥13.8B | ¥13.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1.1B | ¥2.0B | ¥2.3B | ¥3.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥358.0B | ¥363.7B | ¥339.3B | ¥321.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥24.2B | ¥24.2B | ¥24.2B | ¥24.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥19.3B | ¥19.6B | ¥19.1B | ¥19.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥287.8B | ¥289.9B | ¥268.4B | ¥272.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-21.9B | ¥-19.4B | ¥-19.0B | ¥-23.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥47.9B | ¥48.1B | ¥43.6B | ¥25.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥309.4B | ¥314.3B | ¥292.7B | ¥293.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥652M | ¥1.3B | ¥2.9B | ¥3.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥9.0B | ¥9.0B | ¥9.0B | ¥9.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥18.4B | ¥33.8B | ¥21.1B | ¥38.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥122.3B | ¥132.5B | ¥113.1B | ¥112.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥616 | ¥623 | ¥535 | ¥523 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,557 | ¥1,477 | ¥1,385 | ¥1,368 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥20.8B | ¥47.4B | ¥14.4B | ¥33.1B |
| Interest Paid | ¥-194M | ¥-91M | ¥-99M | ¥-133M |
| Interest Received | ¥3.1B | ¥3.5B | ¥3.6B | ¥3.0B |
| D&A | ¥19.4B | ¥20.1B | ¥20.4B | ¥21.5B |
| Investing CF | ¥-22.0B | ¥-5.4B | ¥-28.9B | ¥-26.4B |
| CapEx | ¥29.1B | ¥33.7B | ¥23.6B | ¥23.3B |
| Purchase Investments | ¥-1.9B | ¥-3.2B | ¥-6.0B | ¥-1.5B |
| Proceeds from Invest. | ¥11.9B | ¥34.6B | ¥5.0B | — |
| Financing CF | ¥-17.1B | ¥-30.1B | ¥-2.8B | ¥-11.9B |
| Dividends Paid | ¥-12.6B | ¥-8.1B | ¥-7.0B | ¥-5.2B |
| Share Buybacks | ¥-14.4B | ¥-2.0B | ¥-4.0B | ¥-6.0B |
| Free Cash Flow | ¥-8.3B | ¥13.7B | ¥-9.2B | ¥9.9B |
| Net Change in Cash | ¥-16.7B | ¥13.7B | ¥-16.3B | ¥-3.7B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 7.3% | 8.9% | 3.2% | 10.9% |
| ROA | 4.9% | 5.9% | 2.1% | 6.9% |
| EPS | ¥127.43 | ¥147.19 | ¥49.94 | ¥153.22 |
| DPS | ¥70.00 | ¥45.00 | ¥36.00 | ¥28.00 |
| BPS | ¥1,810.79 | ¥1,714.88 | ¥1,591.79 | ¥1,487.33 |
| FCF/Share | ¥-42 | ¥65 | ¥-44 | ¥46 |
| NCAV/Share | ¥616 | ¥623 | ¥535 | ¥523 |
| Payout Ratio | 54.9% | 30.6% | 72.1% | 18.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 18
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
11:30
|
Div Increase | ¥7.7B ¥40.0/sh +14% | Nippon Zeon announced a dividend increase for the FY2026 year ending March 31, 2026, raising the full-year dividend per … | |
|
Summary
Nippon Zeon announced a dividend increase for the FY2026 year ending March 31, 2026, raising the full-year dividend per share to 76 yen (36 yen interim + 40 yen final) from 70 yen in the prior year, representing a 6 yen increase. The final dividend of 40 yen was increased from the previous forecast of 36 yen, with total dividend payout of 7.7 billion yen from retained earnings. The increase aligns with the company's shareholder return policy targeting a 4%+ self-capital dividend ratio (DOE).
Deadline: 2026-06-29
YoY: +14%
Source (JP)
2026年３月期においては、通期業績や財務状況等を総合的に勘案し、期末配当金につきましては40円に引き上げることといたします。この結果、当期の配当金は中間配当金36円とあわせて76円となり、前期実績と比べ６円の増配となります。
剰余金の配当（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）
|
25,560 | 12.86% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
13,001 | 6.54% |
| 3 |
Mizuho Bank
株式会社みずほ銀行 （常任代理人 株式会社日本カストディ銀行）
|
8,370 | 4.21% |
| 4 |
Asahi Mutual Life Insurance
朝日生命保険相互会社 （常任代理人 株式会社日本カストディ銀行）
|
7,679 | 3.86% |
| 5 | 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） | 5,306 | 2.67% |
| 6 | 全国共済農業協同組合連合会 （常任代理人 日本マスタートラスト信託銀行株式会社） | 4,765 | 2.40% |
| 7 | ＵＢＳ ＡＧ ＬＯＮＤＯＮ Ａ／Ｃ ＩＰＢ ＳＥＧＲＥＧＡＴＥＤ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ （常任代理人 シティバンク、エヌ・エイ東京支店） | 4,605 | 2.32% |
| 8 | ＣＧＭＬ ＰＢ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ／ＣＯＬＬＡＴＥＲＡＬ （常任代理人 シティバンク、エヌ・エイ東京支店） | 4,540 | 2.29% |
| 9 |
Business Partner Stock Ownership Plan
日本ゼオン取引先持株会
|
4,018 | 2.02% |
| 10 |
Norinchukin Bank
農林中央金庫
|
4,000 | 2.01% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
19.4%
+0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.8%
-3.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.2% · 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 | 10.85% | 11.84% | 12.86% +1.02% | |
| Japan Custody Bank 日本カストディ銀行 | 5.58% | 7.46% | 6.54% -0.92% | |
| Mizuho Bank みずほ銀行 | 4.54% | 3.93% | 4.21% +0.28% | |
| Asahi Mutual Life Insurance 朝日生命保険相互会社 | 3.63% | 3.61% | 3.86% +0.25% | |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１ NEW ENTRY | — | — | — | 2.67% NEW |
| 全国共済農業協同組合連合会 | 2.26% | 2.24% | 2.40% +0.16% | |
| ＵＢＳ ＡＧ ＬＯＮＤＯＮ Ａ／Ｃ ＩＰＢ ＳＥＧＲＥＧＡＴＥＤ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ NEW ENTRY | — | — | — | 2.32% NEW |
| ＣＧＭＬ ＰＢ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ／ＣＯＬＬＡＴＥＲＡＬ NEW ENTRY | — | — | — | 2.29% NEW |
| Business Partner Stock Ownership Plan 日本ゼオン取引先持株会 | 1.74% | 1.81% | 2.02% +0.21% | |
| Norinchukin Bank 農林中央金庫 | 1.89% | 1.88% | 2.01% +0.13% | |
| SSBTC CLIENT OMNIBUS ACCOUNT ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ last seen 2024 | Exited Top 10 | 7.25% | 5.95% | — |
| The Yokohama Rubber Company,Limited 横浜ゴム last seen 2024 | Exited Top 10 | 8.88% | 3.61% | — |
| Asahi Kasei Corporation 旭化成 last seen 2024 | Exited Top 10 | 2.64% | 2.37% | — |
| Concentration (HHI) ⓘ | 333 | 290 | 272 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥52,099M
-35% since 2023
Holdings
52
+9 new
11 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥52,099M total | FY2023 ¥79,659M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
The Yokohama Rubber Company,Limited
横浜ゴム(株)
|
13,131 |
-75.0%
↓
3,814,800
|
42,679 | 15,259,000 | M |
|
ADEKA CORPORATION
(株)ＡＤＥＫＡ
|
5,885 |
2,188,500
|
4,942 | 2,188,500 | M |
|
TOSOH CORPORATION
東ソー(株)
|
3,570 |
1,738,700
|
3,124 | 1,738,700 | M |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業(株)
|
3,085 |
3,550,000
|
3,660 | 3,550,000 | M |
|
BROTHER INDUSTRIES LTD.
ブラザー工業(株)
|
2,833 |
1,051,600
|
2,095 | 1,051,600 | M |
|
NOK CORPORATION
ＮＯＫ(株)
|
2,570 |
1,173,600
|
1,717 | 1,173,600 | M |
|
Maxell, Ltd.
マクセル(株)
|
2,391 |
1,311,700
|
2,019 | 1,311,700 | M |
|
Mizuho Financial Group, Inc.
(株)みずほフィナンシャルグループ
|
2,310 |
570,218
|
1,071 | 570,218 | M |
|
Nitta Corporation
ニッタ(株)
|
1,589 |
424,800
|
1,245 | 424,800 | M |
|
Idemitsu Kosan Co.,Ltd.
出光興産(株)
|
1,504 |
+400.0%
↑
1,428,000
|
828 | 285,600 | M |
|
OKAMOTO INDUSTRIES,INC.
オカモト(株)
|
1,350 |
266,800
|
1,061 | 266,800 | M |
|
Sekisui Chemical Co.,Ltd.
積水化学工業(株)
|
1,219 |
479,000
|
899 | 479,000 | M |
|
FURUKAWA CO.,LTD.
古河機械金属(株)
|
1,138 |
544,400
|
695 | 544,400 | M |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫(株)
|
1,082 |
334,000
|
742 | 334,000 | M |
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬(株)
|
965 |
238,500
|
902 | 238,500 | M |
|
TOKAI CARBON CO., LTD.
東海カーボン(株)
|
818 |
860,400
|
1,084 | 860,400 | M |
|
Furukawa Electric Co., Ltd.
古河電気工業(株)
|
740 |
-25.9%
↓
150,000
|
498 | 202,500 | M |
| 富士通(株) ※２ | 664 |
NEW
New
225,000
|
— | M | |
|
TSUKISHIMA HOLDINGS CO., LTD.
月島ホールディングス(株)
|
649 |
NEW
New
379,300
|
— | M | |
| (株)日本触媒 ※３ | 498 |
NEW
New
285,600
|
— | M | |
| 岩谷産業(株) ※４ | 465 |
NEW
New
311,200
|
— | M | |
|
Mitsuboshi Belting Ltd.
三ツ星ベルト(株)
|
461 |
123,500
|
486 | 123,500 | |
|
Sumitomo Rubber Industries, Ltd.
住友ゴム工業(株)
|
350 |
186,000
|
222 | 186,000 | |
|
Raise Next Co., Ltd.
レイズネクスト(株)
|
326 |
-18.8%
↓
215,600
|
386 | 265,600 | M |
|
IINO KAIUN KAISHA, LTD.
飯野海運(株)
|
285 |
285,900
|
287 | 285,900 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス(株)
|
282 |
NEW
New
49,200
|
— | M | |
| 豊田通商(株) ※５ | 217 |
NEW
New
87,000
|
— | ||
|
Sekisui Jushi Corporation
積水樹脂(株)
|
212 |
111,000
|
231 | 111,000 | M |
|
TOYODA GOSEI CO.,LTD.
豊田合成(株)
|
212 |
79,000
|
180 | 79,000 | M |
|
NICHIBAN CO., LTD
ニチバン(株)
|
198 |
+0.3%
↑
98,824
|
189 | 98,505 | M |
|
YOKOGAWA ELECTRIC CORPORATION
横河電機(株)
|
187 |
64,700
|
139 | 64,700 | M |
| 日東電工(株) ※６ | 137 |
NEW
New
50,000
|
— | ||
|
Bando Chemical Industries, Ltd.
バンドー化学(株)
|
124 |
75,500
|
80 | 75,500 | M |
|
Kao Corporation
花王(株)
|
117 |
18,000
|
93 | 18,000 | M |
|
Mitsui Chemicals, Inc.
三井化学(株)
|
112 |
33,600
|
115 | 33,600 | M |
|
Sakai Chemical Industry Co.,Ltd.
堺化学工業(株)
|
106 |
39,100
|
69 | 39,100 | M |
| 第一生命ホールディングス(株) | 52 |
11,500
|
28 | 11,500 | |
|
Aidemy Inc.
(株)アイデミー
|
49 |
NEW
New
76,900
|
— | ||
|
The Furukawa Battery Co.,Ltd.
古河電池(株)
|
46 |
33,000
|
35 | 33,000 | |
| 富士電機(株) ※７ | 42 |
NEW
New
6,696
|
— | ||
|
SANKYU INC.
山九(株)
|
40 |
6,600
|
32 | 6,600 | M |
|
TIGERS POLYMER CORPORATION
タイガースポリマー(株)
|
37 |
52,800
|
24 | 52,800 | M |
|
HARIMA CHEMICALS GROUP, INC.
ハリマ化成グループ(株)
|
26 |
30,000
|
26 | 30,000 | M |
|
Sankyo Tateyama,Inc.
三協立山(株)
|
15 |
25,400
|
18 | 25,400 | |
|
譌･譛ｬ陬ｽ邏呎ｪ蠑丈ｼ夂､ｾ
日本製紙(株)
|
7 |
7,100
|
7 | 7,100 | |
|
Nippon Light Metal Holdings Company, Ltd.
日本軽金属ホールディングス(株)
|
3 |
1,800
|
3 | 1,800 | M |
|
FUJI ELECTRIC CO., LTD.
富士電機(株)
|
— | — | |||
|
Resonac Holdings Corporation
(株)レゾナック・ホールディングス
|
— | — | |||
|
Mitsubishi UFJ Financial Group, Inc.
(株)三菱ＵＦＪフィナンシャル・グループ
|
— | — | |||
|
Tokuyama Corporation
(株)トクヤマ
|
— | — | |||
|
DYNIC CORPORATION
ダイニック(株)
|
— | — | |||
|
MITSUBISHI PAPER MILLS LIMITED
三菱製紙(株)
|
— | — | |||
|
Asahi Kasei Corporation
旭化成(株)
|
— |
−100%
Exit
—
|
3,585 | 3,870,000 | M |
|
Mitsui & Co., Ltd.
三井物産(株)
|
— |
−100%
Exit
—
|
2,058 | 500,000 | M |
|
IWATANI CORPORATION
岩谷産業(株)
|
— |
−100%
Exit
—
|
450 | 77,800 | M |
| 月島機械(株) ※２ | — |
−100%
Exit
—
|
413 | 379,300 | M |
|
FUJITSU LIMITED
富士通(株)
|
— |
−100%
Exit
—
|
401 | 22,500 | M |
|
NIPPON SHOKUBAI CO., LTD.
(株)日本触媒
|
— |
−100%
Exit
—
|
377 | 71,400 | M |
|
TOYOTA TSUSHO CORPORATION
豊田通商(株)
|
— |
−100%
Exit
—
|
163 | 29,000 | |
| 東京海上ホールディングス(株) ※３ | — |
−100%
Exit
—
|
125 | 49,200 | |
|
NITTO DENKO CORPORATION
日東電工(株)
|
— |
−100%
Exit
—
|
86 | 10,000 | |
|
Sumitomo Riko Company Limited
住友理工(株)
|
— |
−100%
Exit
—
|
62 | 90,000 | |
|
FUJI ELECTRIC ENGINEERING & CONSTRUCTION CO.LTD.
富士古河Ｅ＆Ｃ(株)
|
— |
−100%
Exit
—
|
28 | 7,200 | |
| Portfolio total | 52,099 | 79,659 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding