4401
ADEKA CORPORATION
株式会社ADEKA
Chemicals
Adeka Corporation engages in chemicals, food products, and life science businesses. The company offers polymer additives, such as antioxidants, UV absorbers/hindered amine light stabilizers, nucleating agents/clarifiers, metal deactivators/additives for filled polymers, flame retardants, epoxy type stabilizers/lubricants/processability improvers/water dispersion type stabilizers; plasticizers/PVC stabilizers; and photo/thermal curing materials, initiators, polymerizable materials, resist materials, thermal paper materials, semiconductor materials, and circuit materials. Its chemical products also include water borne, epoxy, low chlorine epoxy, and urethane resins; surface specialties, such as general-purpose and functional surfactants, functional cosmetic ingredients, lubricant additives, and base materials for lubricants; propylene glycol, peroxygen chemicals, metal soaps, and inorganic chemicals; and inducing sealing materials, as well as civil engineering and construction materials. The company provides its chemical products to electronics and IT, plastics and rubber, personal care, industrial, liquid crystal display, automotive, and building and construction industries, as well as paints, coatings, and adhesives industries. In addition, it offers food products, such as margarines, shortening products, oils and fats for chocolate, frying oil, whipped cream, mayonnaise, and others. Further, the company engages in the design, construction and construction management of equipment plants, equipment maintenance, logistics, warehousing, vehicle leasing, real estate, insurance agency, etc. The company was formerly known as Asahi Denka Co., Ltd. and changed its name to Adeka Corporation in May 2006. Adeka Corporation was incorporated in 1917 and is headquartered in Tokyo, Japan.
Price
¥4,292
Market Cap
¥438.8B
Ent. Value
¥392.1B
Net Cash
¥46.7B
Shares Out.
102.2M
P / E
17.5×
EV / EBIT
9.6×
P / Book
1.47×
P / NCAV
2.77×
Div. Yield
2.33%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥407.1B | ¥399.8B | ¥403.3B | ¥363.0B |
| Cost of Sales | ¥292.3B | ¥295.1B | ¥305.1B | ¥266.5B |
| Gross Profit | ¥114.9B | ¥104.7B | ¥98.2B | ¥96.5B |
| SG&A | ¥73.9B | ¥69.3B | ¥65.8B | ¥61.6B |
| Operating Income | ¥41.0B | ¥35.4B | ¥32.4B | ¥34.9B |
| Non-Operating Income | ¥6.3B | ¥6.5B | ¥4.5B | ¥2.6B |
| Dividend Income | ¥1.1B | ¥975M | ¥925M | ¥933M |
| Interest Income | ¥2.2B | ¥2.2B | ¥1.6B | ¥309M |
| Non-Operating Expenses | ¥8.0B | ¥6.2B | ¥4.3B | ¥1.7B |
| Interest Expense | ¥3.4B | ¥3.7B | ¥2.5B | ¥855M |
| Ordinary Income | ¥39.3B | ¥35.8B | ¥32.6B | ¥35.8B |
| Pre-tax Income | ¥38.9B | ¥35.7B | ¥29.2B | ¥37.0B |
| Income Taxes | ¥10.4B | ¥9.4B | ¥8.2B | ¥9.7B |
| Current Tax | ¥11.0B | ¥8.9B | ¥9.8B | ¥10.3B |
| Deferred Tax | ¥-617M | ¥437M | ¥-1.6B | ¥-600M |
| Net Income (owners) | ¥25.0B | ¥23.0B | ¥16.8B | ¥23.7B |
| Minority Interest | ¥3.5B | ¥3.3B | ¥4.2B | ¥3.6B |
| Comprehensive Income | ¥25.4B | ¥39.2B | ¥25.8B | ¥32.7B |
| EBITDA | ¥58.6B | ¥52.5B | ¥48.4B | ¥50.5B |
| EPS | ¥245.55 | ¥224.87 | ¥163.30 | ¥230.21 |
| Shares Outstanding | 102.2M | 102.5M | 103.0M | 103.4M |
| Shares Issued (total) | 103.8M | 103.8M | 103.8M | 103.8M |
| Treasury Shares | 1.5M | 1.2M | 0.8M | 0.4M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥543.1B | ¥543.1B | ¥500.1B | ¥475.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥349.9B | ¥346.6B | ¥315.4B | ¥293.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥110.1B | ¥98.4B | ¥81.1B | ¥84.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥110.1B | ¥116.9B | ¥99.6B | ¥100.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥193.2B | ¥196.5B | ¥184.7B | ¥181.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥125.9B | ¥126.8B | ¥119.5B | ¥119.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥14.6B | ¥16.5B | ¥18.0B | ¥16.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥42.8B | ¥42.0B | ¥33.6B | ¥33.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.3B | ¥2.8B | ¥4.4B | ¥4.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥191.3B | ¥203.4B | ¥188.4B | ¥178.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥122.2B | ¥134.4B | ¥129.5B | ¥114.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥60.2B | ¥64.9B | ¥62.2B | ¥63.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥25.8B | ¥38.7B | ¥29.9B | ¥25.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥4.9B | ¥4.8B | ¥3.2B | ¥5.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥69.1B | ¥68.9B | ¥58.9B | ¥63.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥37.6B | ¥36.7B | ¥26.1B | ¥29.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥19.4B | ¥20.5B | ¥20.4B | ¥21.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥2.3B | ¥3.2B | ¥3.1B | ¥3.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥351.8B | ¥339.7B | ¥311.7B | ¥296.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥23.0B | ¥23.0B | ¥23.0B | ¥23.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥20.3B | ¥20.2B | ¥20.1B | ¥20.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥228.1B | ¥213.1B | ¥197.8B | ¥188.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-4.7B | ¥-3.4B | ¥-2.3B | ¥-1.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥29.9B | ¥32.2B | ¥22.2B | ¥19.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥266.8B | ¥253.0B | ¥238.7B | ¥230.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥55.1B | ¥54.5B | ¥50.8B | ¥46.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥63.4B | ¥75.3B | ¥55.9B | ¥55.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥46.7B | ¥23.1B | ¥25.2B | ¥29.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥158.5B | ¥143.2B | ¥127.0B | ¥115.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,551 | ¥1,397 | ¥1,234 | ¥1,116 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,610 | ¥2,467 | ¥2,319 | ¥2,226 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥46.2B | ¥42.0B | ¥17.3B | ¥21.4B |
| Interest Paid | ¥-4.2B | ¥-3.2B | ¥-2.1B | ¥-814M |
| Interest Received | ¥3.7B | ¥3.7B | ¥2.6B | ¥1.5B |
| D&A | ¥17.6B | ¥17.1B | ¥16.0B | ¥15.6B |
| Investing CF | ¥-12.6B | ¥-23.1B | ¥-19.5B | ¥-11.3B |
| CapEx | ¥14.0B | ¥19.5B | ¥14.5B | ¥10.9B |
| Purchase Investments | ¥-21M | ¥-389M | ¥-133M | ¥-78M |
| Proceeds from Invest. | ¥485M | ¥1.2B | ¥1.2B | ¥405M |
| Financing CF | ¥-22.3B | ¥-4.6B | ¥-2.6B | ¥-11.9B |
| Dividends Paid | ¥-10.0B | ¥-7.7B | ¥-7.9B | ¥-5.4B |
| LT Debt Repaid | ¥-12.1B | ¥-7.6B | ¥-1.6B | ¥-10.4B |
| Free Cash Flow | ¥32.2B | ¥22.5B | ¥2.8B | ¥10.5B |
| Net Change in Cash | ¥10.0B | ¥17.3B | ¥-3.3B | ¥677M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 8.6% | 8.4% | 6.6% | 9.9% |
| ROA | 4.6% | 4.4% | 3.4% | 5.0% |
| EPS | ¥245.55 | ¥224.87 | ¥163.30 | ¥230.21 |
| DPS | ¥100.00 | ¥90.00 | ¥70.00 | ¥70.00 |
| BPS | ¥2,916.30 | ¥2,791.92 | ¥2,544.28 | ¥2,426.70 |
| FCF/Share | ¥315 | ¥219 | ¥27 | ¥101 |
| NCAV/Share | ¥1,551 | ¥1,397 | ¥1,234 | ¥1,116 |
| Payout Ratio | 40.7% | 40.0% | 42.9% | 30.4% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 6
| # | 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)
|
11,087 | 10.84% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
7,930 | 7.75% |
| 3 |
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社退職給付信託みずほ銀行口再信託受託者株式会社日本カストディ銀行
|
3,770 | 3.69% |
| 4 |
ADEKA Business Partner Stock Ownership Plan
ADEKA取引先持株会
|
3,258 | 3.19% |
| 5 |
Norinchukin Bank
農林中央金庫
|
2,244 | 2.19% |
| 6 |
ZEON CORPORATION
日本ゼオン株式会社
|
2,188 | 2.14% |
| 7 | 合計 | 41,429 | 40.51% |
| 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)
|
11,416 | 11.13% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
10,475 | 10.21% |
| 3 |
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社退職給付信託みずほ銀行口再信託受託者株式会社日本カストディ銀行
|
3,770 | 3.68% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.3%
-2.7% 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
48.0%
-3.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 70.3% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 計 | 41.88% | 42.42% | 40.51% -1.91% | |
| Japan Custody Bank 日本カストディ銀行 | 12.58% | 13.89% | 11.44% -2.45% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 11.83% | 11.13% | 10.84% -0.29% | |
| ADEKA Business Partner Stock Ownership Plan ADEKA取引先持株会 | 3.06% | 3.07% | 3.19% +0.12% | |
| Norinchukin Bank 農林中央金庫 | 2.18% | 2.19% | 2.19% | |
| ZEON CORPORATION 日本ゼオン | 2.12% | 2.13% | 2.14% +0.01% | |
| 昭和興産 last seen 2024 | Exited Top 10 | 1.82% | 1.82% | — |
| Concentration (HHI) ⓘ | 2074 | 2138 | 1909 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥22,564M
+23% since 2023
Holdings
55
+8 new
14 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥22,564M total | FY2023 ¥18,370M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
ZEON CORPORATION
日本ゼオン㈱
|
3,559 |
2,381,000
|
3,331 | 2,381,000 | M |
|
The Yokohama Rubber Company,Limited
横浜ゴム㈱
|
2,362 |
686,400
|
1,919 | 686,400 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
1,908 |
471,060
|
884 | 471,060 | |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社㈱
|
1,247 |
458,100
|
1,287 | 458,100 | M |
|
FURUKAWA CO.,LTD.
古河機械金属㈱
|
1,163 |
-16.1%
↓
556,800
|
847 | 663,800 | M |
|
SODA NIKKA CO., LTD.
ソーダニッカ㈱
|
1,001 |
972,000
|
789 | 972,000 | M |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
997 |
1,148,000
|
1,183 | 1,148,000 | M |
|
Aica Kogyo Company, Limited
アイカ工業㈱
|
860 |
261,100
|
792 | 261,100 | M |
|
EZAKI GLICO CO.,LTD.
江崎グリコ㈱
|
762 |
+0.3%
↑
164,952
|
548 | 164,451 | M |
|
S&B FOODS INC.
ヱスビー食品㈱
|
762 |
143,000
|
504 | 143,000 | M |
|
Riken Vitamin Co., Ltd.
理研ビタミン㈱
|
599 |
248,000
|
476 | 248,000 | M |
|
YAMAZAKI BAKING CO., LTD.
山崎製パン㈱
|
576 |
200,000
|
320 | 200,000 | |
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒 (注)2
|
557 |
NEW
New
320,000
|
— | M | |
|
TAKASAGO INTERNATIONAL CORPORATION
高砂香料工業㈱
|
499 |
78,600
|
205 | 78,600 | M |
|
YOKOGAWA ELECTRIC CORPORATION
横河電機㈱
|
497 |
171,900
|
369 | 171,900 | M |
|
FUJITSU LIMITED
富士通㈱ (注)3
|
453 |
NEW
New
153,700
|
— | M | |
|
Riken Technos Co., Ltd.
リケンテクノス㈱
|
425 |
-20.0%
↓
408,000
|
300 | 510,000 | M |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
397 |
NEW
New
98,100
|
— | ||
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
330 |
NEW
New
88,800
|
— | ||
|
NAGASE & CO., LTD.
長瀬産業㈱
|
327 |
123,500
|
251 | 123,500 | M |
|
OKABE CO., LTD.
岡部㈱
|
273 |
320,000
|
245 | 320,000 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
255 |
216,000
|
214 | 216,000 | M |
|
Tokyo Kiraboshi Financial Group, Inc.
㈱東京きらぼしフィナンシャルグループ
|
248 |
42,564
|
111 | 42,564 | |
|
NICHIRYO BAKING CO.,LTD.
日糧製パン㈱
|
232 |
105,200
|
215 | 105,200 | |
|
Rengo Co., Ltd.
レンゴー㈱
|
232 |
294,000
|
252 | 294,000 | M |
|
Furukawa Electric Co., Ltd.
古河電気工業㈱
|
203 |
41,200
|
101 | 41,200 | M |
|
NITTO BOSEKI CO.,LTD.
日東紡績㈱
|
200 |
48,200
|
97 | 48,200 | M |
|
SHOEI FOODS CORPORATION
正栄食品工業㈱
|
177 |
43,000
|
173 | 43,000 | M |
|
Oji Holdings Corporation
王子ホールディングス㈱
|
156 |
250,000
|
131 | 250,000 | |
|
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
|
117 |
162,630
|
52 | 162,630 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
116 |
NEW
New
20,300
|
— | ||
|
Morinaga&Co.,Ltd.
森永製菓㈱
|
100 |
+100.0%
↑
40,000
|
75 | 20,000 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
97 |
+100.0%
↑
30,068
|
94 | 15,034 | M |
|
BOURBON CORPORATION
㈱ブルボン
|
96 |
+3.1%
↑
38,071
|
78 | 36,931 | M |
|
NAKAMURAYA CO.,LTD.
㈱中村屋
|
95 |
30,500
|
94 | 30,500 | M |
|
Mitsui Chemicals, Inc.
三井化学㈱
|
83 |
+8.7%
↑
24,932
|
78 | 22,944 | |
|
Fujiya Co.,Ltd
㈱不二家
|
78 |
+0.8%
↑
32,600
|
79 | 32,339 | |
|
Nippon Chemical Industrial Co.,Ltd.
日本化学工業㈱
|
70 |
31,900
|
63 | 31,900 | M |
|
CHUGOKU MARINE PAINTS,LTD.
中国塗料㈱
|
69 |
33,000
|
36 | 33,000 | |
|
OKAMOTO INDUSTRIES,INC.
オカモト㈱
|
62 |
12,400
|
49 | 12,400 | |
|
Lacto Japan Co.,Ltd.
㈱ラクト・ジャパン
|
59 |
20,000
|
40 | 20,000 | M |
|
McDonald's Holdings Company(Japan),Ltd.
日本マクドナルドホールディングス㈱
|
43 |
+3.4%
↑
7,647
|
40 | 7,393 | |
|
Sumitomo Riko Company Limited
住友理工㈱
|
40 |
+7.6%
↑
23,513
|
15 | 21,858 | |
|
Leon Automatic Machine Co., Ltd.
レオン自動機㈱
|
37 |
30,000
|
39 | 30,000 | |
|
Sojitz Corporation
双日㈱
|
31 |
9,720
|
26 | 9,720 | M |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫㈱
|
27 |
8,600
|
19 | 8,600 | M |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
26 |
20,500
|
13 | 20,500 | |
|
Hakuto Co.,Ltd.
伯東㈱
|
25 |
6,300
|
30 | 6,300 | |
|
TAIYOKAGAKU CO.,LTD.
太陽化学㈱
|
18 |
10,900
|
15 | 10,900 | M |
|
譌・譛ャ陬ス邏呎ェ蠑丈シ夂、セ
日本製紙㈱
|
5 |
5,000
|
5 | 5,000 | |
|
FUKUVI CHEMICAL INDUSTRY CO.,LTD.
フクビ化学工業㈱
|
4 |
NEW
New
5,000
|
— | ||
|
LONSEAL CORPORATION
ロンシール工業㈱
|
3 |
NEW
New
2,600
|
— | ||
|
KANEKA CORPORATION
㈱カネカ
|
3 |
NEW
New
800
|
— | ||
|
ATOMIX CO., LTD.
アトミクス㈱
|
3 |
5,000
|
3 | 5,000 | |
|
MITANI SANGYO CO.,LTD.
三谷産業㈱
|
— | — | M | ||
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
— |
−100%
Exit
—
|
422 | 80,000 | M |
|
FUJI ELECTRIC CO., LTD.
富士電機㈱
|
— |
−100%
Exit
—
|
358 | 69,000 | M |
|
FUJITSU LIMITED
富士通㈱
|
— |
−100%
Exit
—
|
274 | 15,370 | M |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
254 | 95,353 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
201 | 44,400 | |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学㈱
|
— |
−100%
Exit
—
|
105 | 237,000 | M |
|
Nihon Tokushu Toryo Co., Ltd.
日本特殊塗料㈱
|
— |
−100%
Exit
—
|
85 | 91,000 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱ (注)2
|
— |
−100%
Exit
—
|
77 | 30,300 | |
| 森六ホールディングス㈱ | — |
−100%
Exit
—
|
36 | 20,000 | M |
|
Sakai Chemical Industry Co.,Ltd.
堺化学工業㈱
|
— |
−100%
Exit
—
|
33 | 19,000 | |
|
C.I. TAKIRON Corporation
タキロンシーアイ㈱
|
— |
−100%
Exit
—
|
11 | 23,000 | M |
|
IMURAYA GROUP CO., LTD.
井村屋グループ㈱
|
— |
−100%
Exit
—
|
11 | 5,000 | |
|
Kanro Inc.
カンロ㈱ (注)3
|
— |
−100%
Exit
—
|
9 | 8,000 | |
|
Shin-Etsu Polymer Co.,Ltd.
信越ポリマー㈱
|
— |
−100%
Exit
—
|
7 | 5,000 | |
| Portfolio total | 22,564 | 18,370 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding