4272
NIPPON KAYAKU CO.,LTD.
日本化薬株式会社
Chemicals
Nippon Kayaku Co., Ltd. engages in mobility and imaging, fine chemicals, and life sciences businesses in Japan. The company offers airbag inflators, micro gas generators for seatbelt pretensioners and squib; and liquid crystal display (LCD) projector and display, and x-ray analysis system components. It also provides epoxy and maleimide resin, epoxy resin hardener, reactive flame retardant, acrylic acid esters, UV-curable resins for resist, resist for MEMS, cleaners for LCDs and semiconductors, and LCD sealants, as well as semiconductor manufacturing equipment, such as laminator, remover, mounter, UV irradiation equipment; colorants for inkjet printers, dyes for inkjet textile printing, inks for industrial inkjet printers, image sensor materials, dichotomous colorants for dimmable glass, near infrared absorbers, dyes for textiles and paper, colorants for resins, developers for thermal paper, and pigment derivative; and catalysts for the production of acrylic acid, acrolein, and methacrylic acid. In addition, the company offers Anti-cancer and biological drugs, cardiovascular and photodynamic diagnostic agents, in-vitro diagnostic drugs, embolization materials, pharmaceutical API and intermediates, food additives, health food ingredients, preservatives for food quality, and cleaners and disinfectants; Insecticides, herbicides, fungicides, miticides, public health insecticides, soil fumigants, and animal repellents; and engages in real estate business. The company was formerly known as Nihon Kayaku Seizou Co., Ltd. and changed its name to Nippon Kayaku Co., Ltd. in 1945. Nippon Kayaku Co., Ltd. was incorporated in 1916 and is headquartered in Tokyo, Japan.
Price
¥2,132
Market Cap
¥340.9B
Ent. Value
¥340.1B
Net Cash
¥848M
Shares Out.
159.9M
P / E
13.2×
EV / EBIT
15.1×
P / Book
1.13×
P / NCAV
3.36×
Div. Yield
1.41%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥241.9B | ¥222.6B | ¥201.8B | ¥198.4B | ¥184.8B |
| Cost of Sales | ¥169.0B | ¥151.1B | ¥140.5B | ¥131.6B | ¥120.8B |
| Gross Profit | ¥72.9B | ¥71.5B | ¥61.3B | ¥66.8B | ¥64.0B |
| SG&A | ¥50.4B | ¥51.1B | ¥54.0B | ¥45.2B | ¥42.9B |
| Operating Income | ¥22.5B | ¥20.4B | ¥7.3B | ¥21.5B | ¥21.1B |
| Non-Operating Income | ¥4.1B | ¥2.9B | ¥6.0B | ¥2.5B | ¥2.5B |
| Dividend Income | — | ¥1.0B | ¥1.0B | ¥887M | ¥813M |
| Interest Income | — | ¥906M | ¥843M | ¥537M | ¥178M |
| Non-Operating Expenses | — | ¥1.1B | ¥790M | ¥996M | ¥391M |
| Interest Expense | — | ¥224M | ¥127M | ¥103M | ¥82M |
| Ordinary Income | ¥25.5B | ¥22.3B | ¥12.6B | ¥23.0B | ¥23.2B |
| Pre-tax Income | ¥33.6B | ¥22.0B | ¥7.2B | ¥21.0B | ¥23.7B |
| Income Taxes | ¥8.9B | ¥4.4B | ¥3.0B | ¥5.9B | ¥6.5B |
| Current Tax | — | ¥5.1B | ¥5.2B | ¥6.0B | ¥5.7B |
| Deferred Tax | — | ¥-649M | ¥-2.2B | ¥-24M | ¥727M |
| Net Income (owners) | ¥24.6B | ¥17.5B | ¥4.1B | ¥15.0B | ¥17.2B |
| Minority Interest | — | ¥69M | ¥66M | ¥57M | ¥63M |
| Comprehensive Income | — | ¥13.1B | ¥23.4B | ¥19.1B | ¥26.1B |
| EBITDA | ¥38.1B | ¥34.5B | ¥21.7B | ¥35.7B | ¥35.1B |
| Goodwill Amort. (J-GAAP) | — | ¥142M | ¥529M | ¥546M | ¥529M |
| EPS | ¥161.18 | ¥107.17 | ¥24.80 | ¥89.36 | ¥101.70 |
| Shares Outstanding | — | 159.9M | 165.8M | 165.7M | 168.2M |
| Shares Issued (total) | — | 165.0M | 170.5M | 170.5M | 170.5M |
| Treasury Shares | — | 5.1M | 4.7M | 4.8M | 2.3M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥398.7B | ¥373.7B | ¥363.2B | ¥322.9B | ¥315.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥220.2B | ¥206.8B | ¥203.1B | ¥186.0B | ¥175.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥50.0B | ¥55.4B | ¥56.7B | ¥48.1B | ¥38.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥59.0B | ¥57.0B | ¥51.3B | ¥59.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥178.6B | ¥166.9B | ¥160.0B | ¥136.8B | ¥139.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥121.0B | ¥109.3B | ¥98.6B | ¥89.3B | ¥89.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥640M | ¥783M | ¥2.5B | ¥3.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥4.1B | ¥3.7B | ¥6.5B | ¥7.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥30.6B | ¥35.4B | ¥45.5B | ¥32.1B | ¥33.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥2.1B | ¥1.5B | ¥896M | ¥866M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥118.6B | ¥105.2B | ¥92.6B | ¥67.8B | ¥69.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥65.1B | ¥55.6B | ¥59.8B | ¥39.0B | ¥45.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥19.9B | ¥19.0B | ¥16.2B | ¥18.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥11.0B | ¥7.2B | ¥5.5B | ¥3.4B | ¥3.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥1.5B | ¥1.6B | ¥2.1B | ¥3.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥53.5B | ¥49.6B | ¥32.8B | ¥28.8B | ¥23.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥38.2B | ¥34.9B | ¥18.0B | ¥16.2B | ¥9.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥434M | ¥433M | ¥395M | ¥380M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥10.4B | ¥10.6B | ¥8.0B | ¥9.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥280.1B | ¥268.5B | ¥270.5B | ¥255.0B | ¥246.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥14.9B | ¥14.9B | ¥14.9B | ¥14.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥15.9B | ¥15.8B | ¥15.8B | ¥15.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥210.3B | ¥202.7B | ¥199.2B | ¥203.0B | ¥195.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-6.5B | ¥-5.4B | ¥-5.5B | ¥-2.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥40.5B | ¥45.0B | ¥25.8B | ¥21.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥224.6B | ¥227.0B | ¥224.6B | ¥228.2B | ¥223.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥992M | ¥987M | ¥1.0B | ¥945M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥49.2B | ¥42.1B | ¥23.4B | ¥19.6B | ¥12.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥848M | ¥13.3B | ¥33.3B | ¥28.5B | ¥25.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥101.5B | ¥101.6B | ¥110.5B | ¥118.2B | ¥106.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥636 | ¥666 | ¥713 | ¥635 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,420 | ¥1,354 | ¥1,377 | ¥1,329 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥28.8B | ¥25.5B | ¥23.2B | ¥20.0B | ¥23.1B |
| Interest Paid | — | ¥-192M | ¥-95M | ¥-82M | ¥-84M |
| Interest Received | — | ¥2.2B | ¥2.1B | ¥1.6B | ¥1.3B |
| D&A | ¥15.6B | ¥13.9B | ¥13.9B | ¥13.7B | ¥13.6B |
| Goodwill Amort. | — | ¥142M | ¥529M | ¥546M | ¥529M |
| Investing CF | ¥-17.2B | ¥-27.3B | ¥-19.4B | ¥-15.2B | ¥-10.6B |
| CapEx | ¥24.5B | ¥29.3B | ¥15.0B | ¥12.2B | ¥8.7B |
| Purchase Investments | — | ¥-958M | ¥-6.1B | ¥-2.8B | ¥-150M |
| Proceeds from Invest. | — | ¥6.0B | ¥2.6B | ¥1.0B | ¥529M |
| Financing CF | ¥-20.2B | ¥-4.8B | ¥3.8B | ¥-8.0B | ¥-11.1B |
| Dividends Paid | — | ¥-7.4B | ¥-7.9B | ¥-7.5B | ¥-5.1B |
| Share Buybacks | — | ¥-7.9B | ¥-2M | ¥-3.0B | ¥-3.0B |
| LT Debt Repaid | — | ¥-5.5B | ¥-4.0B | ¥-2.3B | ¥-2.5B |
| Free Cash Flow | ¥4.3B | ¥-3.7B | ¥8.2B | ¥7.8B | ¥14.4B |
| Net Change in Cash | — | ¥-6.9B | ¥11.7B | ¥133M | ¥5.5B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 9.0% | 6.5% | 1.6% | 6.0% | 7.3% |
| ROA | 6.4% | 4.8% | 1.2% | 4.7% | 5.4% |
| EPS | ¥161.18 | ¥107.17 | ¥24.80 | ¥89.36 | ¥101.70 |
| DPS | ¥30.00 | ¥60.00 | ¥45.00 | ¥45.00 | ¥40.00 |
| BPS | ¥1,878.87 | ¥1,673.24 | ¥1,625.18 | ¥1,532.35 | ¥1,459.06 |
| FCF/Share | — | ¥-23 | ¥49 | ¥47 | ¥86 |
| NCAV/Share | — | ¥636 | ¥666 | ¥713 | ¥635 |
| Payout Ratio | 18.6% | 56.0% | 181.5% | 50.4% | 39.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 17
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
16:00
|
Buyback | ¥15.0B | Board resolved to repurchase up to ¥15.0B. | |
|
Summary
Board resolved to repurchase up to ¥15.0B.
Source (JP)
する割合:8.75%)
(3)株式の取得価額の総額
15,000,000,000 円(上限)
(4)取得期間
(5)取得方法
2026 年5月 13 日から 2027 年3月 31 日まで
東京証券取引所における市場買付け
【ご参考】2026 年3月 31 日時点の自
自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
|
||||
|
2026-05-12
16:00
|
Cancellation | — | 11,300,000 treasury shares to be cancelled. | |
|
Summary
11,300,000 treasury shares to be cancelled.
Shares: 11,300,000
Source (JP)
式の種類
当社普通株式
3.消却する株式の数
11,300,000 株
(消却前の発行済株式総数に対する割合:7.06%)
4.消却予定日
2026 年5月 22 日
【ご参考】
1.消却後の発行済株式総数
148,700,000 株
2.消却後の自己株
自己株式の消却に関するお知らせ
TDnet PDF
|
||||
| # | 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)
|
23,299 | 14.57% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
10,175 | 6.36% |
| 3 |
NORTHERN TRUST CO.(AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST
NORTHERN TRUST CO.(AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST(常任代理人 香港上海銀行東京支店)
|
9,563 | 5.98% |
| 4 | カヤベスタークラブ | 5,856 | 3.66% |
| 5 |
MUFG Bank
株式会社三菱UFJ銀行
|
5,090 | 3.18% |
| 6 |
The Joyo Bank, Ltd.
株式会社常陽銀行(常任代理人 日本マスタートラスト信託銀行株式会社)
|
5,089 | 3.18% |
| 7 |
NORTHERN TRUST CO.(AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS
NORTHERN TRUST CO.(AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS(常任代理人 香港上海銀行東京支店)
|
4,891 | 3.06% |
| 8 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社(常任代理人 株式会社日本カストディ銀行)
|
4,843 | 3.03% |
| 9 |
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT(常任代理人 香港上海銀行東京支店)
|
3,746 | 2.34% |
| 10 | 中外産業株式会社 | 3,440 | 2.15% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.9%
-1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
11.4%
-3.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
15.2%
-0.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 47.5% · 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 | 13.71% | 14.97% | 14.57% -0.40% | |
| Northern Trust | 14.95% | 14.99% | 11.38% -3.61% | |
| Japan Custody Bank 日本カストディ銀行 | 7.10% | 7.48% | 6.36% -1.12% | |
| カヤベスタークラブ | 3.73% | 3.70% | 3.66% -0.04% | |
| MUFG Bank 三菱UFJ銀行 | — | 3.07% | 3.18% +0.11% | |
| The Joyo Bank, Ltd. 式会社常陽銀行 | 3.07% | 3.07% | 3.18% +0.11% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 2.92% | 2.92% | 3.03% +0.11% | |
| 中外産業 NEW ENTRY | — | — | — | 2.15% NEW |
| 全国共済農業協同組合連合会 last seen 2024 | Exited Top 10 | 3.11% | 2.53% | — |
| 式会社三菱UFJ銀行 last seen 2023 | Exited Top 10 | 3.07% | — | — |
| Concentration (HHI) ⓘ | 513 | 552 | 430 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥25,646M
+6% since 2023
Holdings
35
+3 new
4 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥25,646M total | FY2023 ¥24,233M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
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
|
4,626 |
6,374,618
|
2,065 | 6,374,618 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
3,081 |
-50.0%
↓
1,532,180
|
2,598 | 3,064,280 | M |
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業㈱
|
2,600 |
+400.0%
↑
614,000
|
2,624 | 122,800 | M |
|
OSAKA SODA CO.,LTD.
㈱大阪ソーダ
|
2,408 |
+400.0%
↑
1,483,000
|
1,291 | 296,600 | M |
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
2,144 |
1,519,800
|
1,872 | 1,519,800 | M |
|
Nissan Chemical Corporation
日産化学㈱
|
1,717 |
386,400
|
2,314 | 386,400 | M |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
1,365 |
-38.4%
↓
420,100
|
4,304 | 682,200 | M |
|
TOYODA GOSEI CO.,LTD.
豊田合成㈱
|
1,062 |
396,100
|
903 | 396,100 | M |
|
SCREEN Holdings Co., Ltd.
㈱SCREENホールディングス
|
957 |
+100.0%
↑
99,800
|
581 | 49,900 | M |
|
NAGASE & CO., LTD.
長瀬産業㈱
|
831 |
313,398
|
637 | 313,398 | M |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
666 |
+58.1%
↑
267,357
|
950 | 169,119 | M |
| Adlai Nortye Ltd. | 522 |
NEW
New
1,739,130
|
— | ||
|
繧ス繝ャ繧、繧ク繧「繝サ繝輔ぃ繝シ繝樊ェ蠑丈シ夂、セ
ソレイジア・ファーマ㈱
|
432 |
12,000,000
|
588 | 12,000,000 | |
|
KUNIMINE INDUSTRIES CO.,LTD
クニミネ工業㈱
|
430 |
-4.6%
↓
417,700
|
408 | 438,000 | M |
|
TOHO HOLDINGS CO.,LTD.
東邦ホールディングス㈱
|
371 |
83,200
|
195 | 83,200 | |
|
Hodogaya Chemical Co., Ltd.
保土谷化学工業㈱
|
314 |
100,600
|
302 | 100,600 | M |
|
SUZUKEN CO.,LTD.
㈱スズケン
|
313 |
63,492
|
212 | 63,492 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
264 |
+200.0%
↑
58,500
|
102 | 19,500 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
244 |
NEW
New
65,800
|
— | M | |
|
KUMIAI CHEMICAL INDUSTRY CO., LTD.
クミアイ化学工業㈱
|
223 |
270,218
|
229 | 270,218 | M |
|
seiren co.,ltd.
セーレン㈱
|
166 |
67,787
|
158 | 67,787 | |
|
The Gunma Bank, Ltd.
㈱群馬銀行
|
162 |
132,000
|
58 | 132,000 | M |
|
Nippon Pigment Holdings Company Limited
日本ピグメントホールディングス㈱
|
116 |
NEW
New
37,565
|
— | M | |
|
The Awa Bank,Ltd.
㈱阿波銀行
|
98 |
34,400
|
67 | 34,400 | M |
|
TAMURA CORPORATION
㈱タムラ製作所
|
95 |
188,000
|
154 | 188,000 | M |
|
MEDIPAL HOLDINGS CORPORATION
㈱メディパルホールディングス
|
79 |
34,038
|
61 | 34,038 | M |
|
NIHON NOHYAKU CO., LTD.
日本農薬㈱
|
73 |
99,547
|
67 | 99,547 | M |
|
kainos loboratories,inc
㈱カイノス
|
62 |
50,000
|
52 | 50,000 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
|
57 |
8,800
|
31 | 8,800 | M |
|
Nippon Plast Co., Ltd.
日本プラスト㈱
|
49 |
150,000
|
61 | 150,000 | M |
|
Vital KSK Holdings Co., Ltd.
㈱バイタルケーエスケー・ホールディングス
|
42 |
34,028
|
30 | 34,028 | M |
|
Alfresa Holdings Corporation
アルフレッサホールディングス㈱
|
39 |
18,816
|
31 | 18,816 | |
|
HOKKO CHEMICAL INDUSTRY CO.,LTD.
北興化学工業㈱
|
20 |
16,000
|
13 | 16,000 | M |
|
Hokuyaku Takeyama Holdings Co., Ltd.
㈱ほくやく・竹山ホールディングス
|
16 |
19,000
|
12 | 19,000 | M |
|
Daishowa Paper Manufacturing Co., Ltd.
大王製紙㈱
|
2 |
3,000
|
3 | 3,000 | |
|
SAWAI GROUP HOLDINGS Co., Ltd.
サワイグループホールディングス㈱
|
— |
−100%
Exit
—
|
686 | 188,000 | M |
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
— |
−100%
Exit
—
|
308 | 301,934 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
149 | 32,900 | M |
| 日本ピグメント㈱ | — |
−100%
Exit
—
|
117 | 51,965 | M |
| Portfolio total | 25,646 | 24,233 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding