4324
DENTSU GROUP INC.
株式会社電通グループ
Communication Services · Advertising Agencies
Dentsu Group Inc. operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific. The company offers advertising services, including newspapers, magazines, radio, television, internet, sales promotions, movies; and content services. It also provides illustrations, outdoor advertising, transportation advertising, and other types of advertising, as well as planning, production, marketing, PR, and other related services. In addition, the company sells software products and goods; and offers maintenance services. Dentsu Group Inc. was founded in 1901 and is headquartered in Minato, Japan.
Price
¥3,006
Market Cap
¥783.0B
Ent. Value
¥956.1B
Net Debt
−¥173.1B
Shares Out.
260.5M
P / E
—
EV / EBIT
—
P / Book
—
P / NCAV
N/M
Div. Yield
4.64%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥1,435.2B | ¥1,411.0B | ¥1,304.6B | ¥1,243.9B | ¥5,256.5B |
| Cost of Sales | ¥237.7B | ¥209.3B | ¥159.7B | ¥126.9B | ¥109.0B |
| Gross Profit | ¥1,197.5B | ¥1,201.6B | ¥1,144.8B | ¥1,117.0B | ¥976.6B |
| SG&A | ¥1,049.0B | ¥1,065.8B | ¥1,018.7B | ¥950.8B | ¥833.9B |
| Operating Income | ¥-289.2B | ¥-125.0B | ¥45.3B | ¥117.6B | ¥241.8B |
| Non-Operating Income | ¥7.6B | ¥14.0B | ¥22.2B | ¥19.7B | ¥4.7B |
| Non-Operating Expenses | ¥28.4B | ¥31.1B | ¥38.0B | ¥39.9B | ¥40.2B |
| Pre-tax Income | ¥-306.8B | ¥-139.8B | ¥33.1B | ¥100.9B | ¥208.8B |
| Net Income (owners) | ¥-327.6B | ¥-192.2B | ¥-10.7B | ¥59.8B | ¥108.4B |
| Minority Interest | ¥8.7B | ¥8.8B | ¥5.2B | ¥6.1B | ¥6.5B |
| Comprehensive Income | ¥-289.5B | ¥-83.8B | ¥13.4B | ¥96.8B | ¥156.7B |
| EBITDA | ¥-214.6B | ¥-43.5B | ¥124.0B | ¥191.8B | ¥316.7B |
| EPS | ¥-1,262.04 | ¥-734.56 | ¥-40.52 | ¥223.33 | ¥388.79 |
| Shares Outstanding | 260.5M | 260.5M | 265.4M | 265.4M | 274.0M |
| Shares Issued (total) | 265.8M | 265.8M | 270.2M | 270.2M | 288.4M |
| Treasury Shares | 5.3M | 5.3M | 4.8M | 4.7M | 14.4M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥3,206.8B | ¥3,507.3B | ¥3,634.4B | ¥3,741.4B | ¥3,720.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥2,301.4B | ¥2,177.4B | ¥2,139.6B | ¥2,317.5B | ¥2,343.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥295.2B | ¥372.0B | ¥390.7B | ¥603.7B | ¥723.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥905.4B | ¥1,329.9B | ¥1,494.8B | ¥1,423.9B | ¥1,377.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥23.0B | ¥26.2B | ¥29.4B | ¥168.9B | ¥173.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥320.1B | ¥697.1B | ¥831.1B | ¥749.8B | ¥670.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥178.2B | ¥203.7B | ¥238.7B | ¥212.3B | ¥188.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥53.1B | ¥36.9B | ¥49.2B | ¥56.8B | ¥64.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥2,758.8B | ¥2,738.2B | ¥2,721.6B | ¥2,786.1B | ¥2,811.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥2,145.2B | ¥2,067.4B | ¥1,939.9B | ¥2,017.7B | ¥1,971.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥122.1B | ¥173.6B | ¥39.2B | ¥95.8B | ¥93.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥613.6B | ¥670.8B | ¥781.7B | ¥768.4B | ¥839.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥346.2B | ¥373.6B | ¥455.2B | ¥436.6B | ¥486.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥33.3B | ¥47.3B | ¥48.3B | ¥55.7B | ¥68.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥448.0B | ¥769.0B | ¥912.8B | ¥955.3B | ¥909.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥75.9B | ¥75.4B | ¥75.1B | ¥74.9B | ¥77.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥49.5B | ¥356.9B | ¥568.8B | ¥620.4B | ¥675.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-26.5B | ¥-26.6B | ¥-25.0B | ¥-25.5B | ¥-64.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥201.4B | ¥216.5B | ¥148.2B | ¥135.8B | ¥81.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥374.8B | ¥696.8B | ¥841.7B | ¥880.3B | ¥845.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥73.1B | ¥72.2B | ¥71.1B | ¥75.1B | ¥64.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥468.2B | ¥547.3B | ¥494.4B | ¥532.4B | ¥579.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-173.1B | ¥-175.3B | ¥-103.8B | ¥71.3B | ¥144.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-457.4B | ¥-560.9B | ¥-582.1B | ¥-468.6B | ¥-467.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-1,756 | ¥-2,153 | ¥-2,194 | ¥-1,766 | ¥-1,708 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,439 | ¥2,675 | ¥3,172 | ¥3,317 | ¥3,084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥118.0B | ¥60.0B | ¥75.3B | ¥80.9B | ¥139.7B |
| D&A | ¥74.6B | ¥81.4B | ¥78.7B | ¥74.2B | ¥74.9B |
| Investing CF | ¥-2.9B | ¥-30.9B | ¥-146.3B | ¥-24.3B | ¥262.2B |
| Financing CF | ¥-180.5B | ¥-65.7B | ¥-153.7B | ¥-188.2B | ¥-232.2B |
| Free Cash Flow | ¥118.0B | ¥60.0B | ¥75.3B | ¥80.9B | ¥139.7B |
| Net Change in Cash | ¥-59.3B | ¥-19.5B | ¥-213.6B | ¥-117.7B | ¥192.8B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | -53.8% | -22.9% | -1.1% | 6.4% | 11.9% |
| ROA | -9.8% | -5.4% | -0.3% | 1.6% | 2.9% |
| EPS | ¥-1,262.04 | ¥-734.56 | ¥-40.52 | ¥223.33 | ¥388.79 |
| DPS | — | ¥139.50 | ¥139.50 | ¥155.25 | ¥117.50 |
| FCF/Share | ¥453 | ¥230 | ¥284 | ¥305 | ¥510 |
| NCAV/Share | ¥-1,756 | ¥-2,153 | ¥-2,194 | ¥-1,766 | ¥-1,708 |
| Payout Ratio | — | — | — | 69.5% | 30.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 84
| # | 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)
|
31,728,900 | 12.18% |
| 2 | 一般社団法人共同通信社 | 18,988,800 | 7.29% |
| 3 | 株式会社時事通信社 | 16,028,680 | 6.15% |
| 4 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
12,344,200 | 4.74% |
| 5 |
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)
|
10,892,100 | 4.18% |
| 6 |
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)
|
6,160,823 | 2.37% |
| 7 | 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) | 5,714,537 | 2.19% |
| 8 |
Employee Stock Ownership Plan
電通グループ従業員持株会
|
5,092,864 | 1.96% |
| 9 | 公益財団法人吉田秀雄記念事業財団 | 4,984,808 | 1.91% |
| 10 | NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT (常任代理人 香港上海銀行東京支店) | 4,387,751 | 1.68% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
16.9%
-7.3% 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
27.7%
+0.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 44.7% · 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 | 18.06% | 18.48% | 12.18% -6.30% | |
| 一般社団法人共同通信社 | 7.16% | 7.29% | 7.29% | |
| 式会社時事通信社 | 6.04% | 6.15% | 6.15% | |
| Japan Custody Bank 日本カストディ銀行 | 5.76% | 5.72% | 4.74% -0.98% | |
| NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST | 4.23% | 4.08% | 4.18% +0.10% | |
| NORTHERN TRUST CO.(AVFC)RE U.S.TAX EXEMPTED PENSION FUNDS NORTHERN TRUST CO.(AVFC)RE U.S.TAX EXEMPTED PENSION FUNDS | — | 2.02% | 2.37% +0.35% | |
| STATE STREET BANK AND TRUST COMPANY 505001 NEW ENTRY | — | — | — | 2.19% NEW |
| Employee Stock Ownership Plan 電通グループ従業員持株会 | 1.98% | 1.95% | 1.96% +0.01% | |
| 公益財団法人吉田秀雄記念事業財団 | 1.88% | 1.91% | 1.91% | |
| NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT NEW ENTRY | — | — | — | 1.68% NEW |
| Recruit Holdings Co., Ltd. 式会社リクルートホールディングス last seen 2024 | Exited Top 10 | 1.86% | 1.89% | — |
| SMBC Nikko Securities SMBC日興証券 last seen 2024 | Exited Top 10 | — | 1.76% | — |
| NORTHERN TRUST CO.(AVFC)RE NON TREATY CLIENTS ACCOUNT last seen 2023 | Exited Top 10 | 1.55% | — | — |
| NORTHERN TRUST CO.(AVFC)RE U.S. TAX EXEMPTED PENSION FUNDS last seen 2023 | Exited Top 10 | 1.87% | — | — |
| Concentration (HHI) ⓘ | 482 | 500 | 300 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥38,078M
-41% since 2023
Holdings
43
+8 new
32 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥38,078M total | FY2023 ¥64,802M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TBS Holdings Co., Ltd.
㈱TBSホールディングス
|
14,794 |
2,560,000
|
7,677 | 2,560,000 | M |
|
TOEI COMPANY,LTD.
東映㈱
|
3,549 |
+400.0%
↑
650,000
|
2,642 | 130,000 | M |
|
TV Asahi Holdings Corporation
㈱テレビ朝日ホールディングス
|
2,943 |
884,000
|
1,420 | 884,000 | M |
|
ROHTO PHARMACEUTICAL CO.,LTD.
ロート製薬㈱
|
2,733 |
1,040,000
|
2,956 | 1,040,000 | |
|
IG Port,Inc.
㈱IGポート
|
2,609 |
+300.0%
↑
1,992,000
|
2,330 | 498,000 | |
|
TOYO SUISAN KAISHA, LTD.
東洋水産㈱
|
1,537 |
143,000
|
1,041 | 143,000 | |
|
Bandai Namco Holdings Inc.
㈱バンダイナムコホールディングス
|
1,426 |
342,000
|
966 | 342,000 | |
|
Shochiku Co;Ltd.
松竹㈱
|
1,187 |
100,000
|
952 | 100,000 | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
1,084 |
250,000
|
896 | 250,000 | |
|
TV TOKYO Holdings Corporation
㈱テレビ東京ホールディングス
|
893 |
195,000
|
584 | 195,000 | M |
|
Nippon Television Holdings, Inc.
日本テレビホールディングス㈱
|
759 |
199,600
|
307 | 199,600 | M |
|
ZERIA PHARMCEUTICAL CO., LTD.
ゼリア新薬工業㈱
|
650 |
310,000
|
625 | 310,000 | |
|
DUSKIN CO.,LTD.
㈱ダスキン
|
638 |
150,000
|
502 | 150,000 | |
|
TRIAL Holdings, Inc.
㈱トライアルホールディングス
|
620 |
NEW
New
200,000
|
— | ||
|
譬ェ蠑丈シ夂、セ�ス会ス難ス撰ス��ス��ス�
㈱ispace
|
391 |
873,960
|
800 | 873,960 | |
|
MORINAGA MILK INDUSTRY CO.,LTD
森永乳業㈱
|
308 |
-20.0%
↓
82,900
|
282 | 103,600 | |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社㈱
|
293 |
-16.4%
↓
101,800
|
379 | 121,800 | |
|
Kabukiza Co.
㈱歌舞伎座
|
211 |
45,000
|
212 | 45,000 | |
|
譬ェ蠑丈シ夂、セ�ス包ス趣ス��ス抵ス抵ス�
㈱unerry
|
205 |
80,000
|
164 | 80,000 | |
| ㈱コーセー | 166 |
31,800
|
336 | 31,800 | |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
156 |
+100.0%
↑
50,000
|
147 | 25,000 | |
|
BSN MEDIA HOLDINGS,INC.
㈱BSNメディアホールディングス
|
145 |
61,800
|
95 | 61,800 | M |
|
NISSHIN SEIFUN GROUP INC.
㈱日清製粉グループ本社
|
134 |
70,000
|
132 | 70,000 | M |
|
CHUBU-NIPPON BROADCASTING Co.,LTD.
中部日本放送㈱
|
101 |
108,900
|
69 | 108,900 | M |
|
TOHOKUSHINSHA FILM CORPORATION
㈱東北新社
|
76 |
NEW
New
120,000
|
— | M | |
|
EDION Corporation
㈱エディオン
|
72 |
34,300
|
53 | 34,300 | |
|
HAGOROMO FOODS CORPORATION
はごろもフーズ㈱
|
72 |
+3.1%
↑
21,645
|
64 | 21,002 | |
|
Nippon BS Broadcasting Corporation
日本BS放送㈱
|
68 |
68,000
|
60 | 68,000 | |
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
57 |
+6.0%
↑
19,145
|
55 | 18,058 | |
|
BOURBON CORPORATION
㈱ブルボン
|
55 |
NEW
New
21,070
|
— | ||
|
ASAHI BROADCASTING GROUP HOLDINGS CORPORATION
朝日放送グループホールディングス㈱
|
49 |
NEW
New
60,000
|
— | M | |
|
RKB MAINICHI HOLDINGS CORPORATION
㈱RKB毎日ホールディングス
|
37 |
NEW
New
7,000
|
— | M | |
|
譬ェ蠑丈シ夂、セ�ス奇ス会ス��シ趣ス奇ス�
㈱jig.jp
|
25 |
-55.4%
↓
118,000
|
84 | 264,700 | |
|
Joshin Denki Co., Ltd.
上新電機㈱
|
20 |
NEW
New
7,500
|
— | ||
|
Nipro Co., Ltd.
ニプロ㈱
|
14 |
NEW
New
10,000
|
— | ||
|
KOBAYASHI PHARMACEUTICAL CO.,LTD.
小林製薬㈱
|
1 |
NEW
New
267
|
— | ||
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
— | — | |||
|
Ajinomoto Co., Inc.
味の素㈱
|
— | — | |||
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
— | — | |||
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス㈱
|
— | — | |||
|
Eisai Co., Ltd.
エーザイ㈱
|
— | — | |||
|
Seibu Gas Holdings Co.
西部ガスホールディングス㈱
|
— | — | |||
|
Lion Corporation
ライオン㈱
|
— | — | |||
|
Earth Corporation
アース製薬㈱
|
— |
−100%
Exit
—
|
297 | 65,100 | |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
— |
−100%
Exit
—
|
722 | 279,000 | M |
| ㈱スカパーJSATホールディングス | — |
−100%
Exit
—
|
1,745 | 2,500,000 | |
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
— |
−100%
Exit
—
|
437 | 114,000 | |
|
Recruit Holdings Co., Ltd.
㈱リクルートホールディングス
|
— |
−100%
Exit
—
|
21,168 | 3,550,000 | M |
|
Digital Garage, Inc.
㈱デジタルガレージ
|
— |
−100%
Exit
—
|
8,605 | 2,348,000 | |
|
suzuki motor corporation
スズキ㈱
|
— |
−100%
Exit
—
|
842 | 139,600 | |
|
PILOT CORPORATION
㈱パイロットコーポレーション
|
— |
−100%
Exit
—
|
840 | 200,000 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
— |
−100%
Exit
—
|
685 | 204,800 | |
|
KADOKAWA CORPORATION
㈱KADOKAWA
|
— |
−100%
Exit
—
|
603 | 210,240 | |
|
TSUMURA & CO.
㈱ツムラ
|
— |
−100%
Exit
—
|
406 | 153,200 | |
|
Intimate Merger Co., Ltd.
㈱インティメート・マージャー
|
— |
−100%
Exit
—
|
255 | 238,000 | |
|
譬ェ蠑丈シ夂、セ�シゥ�ショ�シヲ�シッ�シイ�シゥ�シ」�シィ
㈱INFORICH
|
— |
−100%
Exit
—
|
252 | 51,100 | |
|
TAKARA HOLDINGS INC.
宝ホールディングス㈱
|
— |
−100%
Exit
—
|
247 | 200,000 | |
|
Marui Group Co.
㈱丸井グループ
|
— |
−100%
Exit
—
|
181 | 76,800 | |
| J.フロントリテイリング㈱ | — |
−100%
Exit
—
|
181 | 141,200 | |
|
KeyHolder,Inc.
㈱KeyHolder
|
— |
−100%
Exit
—
|
180 | 222,519 | |
|
Astellas Pharma Inc.
アステラス製薬㈱
|
— |
−100%
Exit
—
|
150 | 89,000 | |
|
NAGATANIEN HOLDINGS CO.,LTD.
㈱永谷園ホールディングス
|
— |
−100%
Exit
—
|
139 | 65,000 | |
|
S&B FOODS INC.
ヱスビー食品㈱
|
— |
−100%
Exit
—
|
110 | 26,800 | |
| Outbrain Inc. | — |
−100%
Exit
—
|
108 | 174,520 | |
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
— |
−100%
Exit
—
|
96 | 62,600 | |
|
Alpen Co.,Ltd.
㈱アルペン
|
— |
−100%
Exit
—
|
93 | 48,000 | |
|
BROTHER INDUSTRIES LTD.
ブラザー工業㈱
|
— |
−100%
Exit
—
|
87 | 39,000 | |
|
MEGMILK SNOW BRAND Co.,Ltd.
雪印メグミルク㈱
|
— |
−100%
Exit
—
|
86 | 41,000 | |
|
NIKON CORPORATION
㈱ニコン
|
— |
−100%
Exit
—
|
82 | 59,000 | |
|
Avex Inc.
エイベックス㈱
|
— |
−100%
Exit
—
|
80 | 58,500 | |
|
Ame Kaze Taiyo, Inc.
㈱雨風太陽
|
— |
−100%
Exit
—
|
70 | 35,500 | |
|
KONAMI GROUP CORPORATION
コナミグループ㈱
|
— |
−100%
Exit
—
|
60 | 8,200 | |
|
Misonoza Co.
㈱御園座
|
— |
−100%
Exit
—
|
56 | 32,000 | |
| ピクシーダストテクノロジーズ㈱ | — |
−100%
Exit
—
|
55 | 56,400 | |
|
Euglena Co., Ltd.
㈱ユーグレナ
|
— |
−100%
Exit
—
|
54 | 78,500 | |
| Portfolio total | 38,078 | 64,802 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding