4403
NOF CORPORATION
日油株式会社
Chemicals
NOF Corporation manufactures chemicals in Japan. It operates through Functional Chemicals, Pharmaceuticals, Medicals and Health, and Explosive & Propulsion segments. The Functional Chemicals segment offers fatty acids and derivatives, surfactants, ethylene oxide and propylene oxide derivatives, organic peroxides, functional polymers, functional films, petrochemical products, and electronic materials, as well as special anti-corrosion prevention agents. The Pharmaceuticals, Medicals and Health segment provides edible oils, functional food materials, healthcare foods products, biocompatible materials, and raw materials for DDS drug formulations. The Explosive & Propulsion segment offers industrial explosives, space-related products, defense-related products, and functional products. It is also involved in logistics, insurance agency, and real estate businesses. NOF Corporation was founded in 1937 and is headquartered in Tokyo, Japan.
Price
¥2,795
Market Cap
¥652.5B
Ent. Value
¥568.5B
Net Cash
¥84.0B
Shares Out.
233.5M
P / E
15.9×
EV / EBIT
12.0×
P / Book
2.14×
P / NCAV
4.87×
Div. Yield
0.93%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥258.0B | ¥238.3B | ¥222.3B | ¥217.7B | ¥192.6B |
| Cost of Sales | ¥168.9B | ¥153.2B | ¥142.8B | ¥141.8B | ¥123.7B |
| Gross Profit | ¥89.1B | ¥85.2B | ¥79.5B | ¥75.9B | ¥68.9B |
| SG&A | ¥41.7B | ¥39.8B | ¥37.3B | ¥35.3B | ¥33.3B |
| Operating Income | ¥47.4B | ¥45.3B | ¥42.1B | ¥40.6B | ¥35.6B |
| Non-Operating Income | ¥3.8B | ¥2.4B | ¥4.0B | ¥3.0B | ¥2.5B |
| Dividend Income | — | ¥1.2B | ¥1.1B | ¥1.2B | ¥993M |
| Interest Income | — | ¥500M | ¥358M | ¥174M | ¥137M |
| Non-Operating Expenses | — | ¥1.2B | ¥582M | ¥415M | ¥514M |
| Interest Expense | — | ¥137M | ¥129M | ¥80M | ¥60M |
| Ordinary Income | ¥50.4B | ¥46.6B | ¥45.6B | ¥43.2B | ¥37.6B |
| Pre-tax Income | ¥57.3B | ¥50.8B | ¥48.5B | ¥48.0B | ¥38.0B |
| Income Taxes | ¥16.7B | ¥14.2B | ¥14.4B | ¥14.0B | ¥11.3B |
| Current Tax | — | ¥14.7B | ¥14.6B | ¥14.1B | ¥11.0B |
| Deferred Tax | — | ¥-506M | ¥-153M | ¥-89M | ¥228M |
| Net Income (owners) | ¥40.5B | ¥36.5B | ¥34.0B | ¥34.0B | ¥26.7B |
| Minority Interest | — | ¥107M | ¥70M | ¥42M | ¥31M |
| Comprehensive Income | — | ¥35.3B | ¥42.6B | ¥33.4B | ¥28.9B |
| EBITDA | ¥69.5B | ¥53.3B | ¥49.1B | ¥47.0B | ¥41.5B |
| EPS | ¥176.34 | ¥153.88 | ¥141.17 | ¥417.02 | ¥323.77 |
| Shares Outstanding | — | 233.5M | 79.6M | 80.8M | 82.1M |
| Shares Issued (total) | — | 236.5M | 80.8M | 82.8M | 82.8M |
| Treasury Shares | — | 3.1M | 1.2M | 2.1M | 0.8M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥399.2B | ¥357.2B | ¥341.4B | ¥309.4B | ¥289.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥236.8B | ¥212.0B | ¥204.9B | ¥193.8B | ¥173.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥88.4B | ¥87.1B | ¥91.7B | ¥92.5B | ¥85.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥59.2B | ¥54.6B | ¥46.0B | ¥42.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥162.3B | ¥145.2B | ¥136.6B | ¥115.7B | ¥116.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥96.7B | ¥85.1B | ¥74.7B | ¥63.9B | ¥61.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥1.9B | ¥2.2B | ¥1.1B | ¥947M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥46.1B | ¥41.9B | ¥51.2B | ¥44.7B | ¥47.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥1.2B | ¥1.1B | ¥950M | ¥985M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥102.7B | ¥77.6B | ¥75.5B | ¥69.4B | ¥67.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥86.2B | ¥58.3B | ¥54.1B | ¥51.6B | ¥50.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥22.3B | ¥21.7B | ¥18.5B | ¥21.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥2.4B | ¥2.3B | ¥1.6B | ¥2.2B | ¥4.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥7.7B | ¥7.3B | ¥8.6B | ¥5.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥16.5B | ¥19.3B | ¥21.4B | ¥17.8B | ¥17.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥2.0B | ¥2.0B | ¥2.8B | ¥2.3B | ¥610M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥5.0B | ¥4.9B | ¥4.8B | ¥5.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥11.6B | ¥12.9B | ¥9.8B | ¥11.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥296.5B | ¥279.6B | ¥265.9B | ¥240.0B | ¥221.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥17.7B | ¥17.7B | ¥17.7B | ¥17.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥15.1B | ¥15.1B | ¥15.1B | ¥15.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥249.2B | ¥220.2B | ¥206.3B | ¥192.1B | ¥166.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-6.3B | ¥-7.2B | ¥-10.3B | ¥-3.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥31.8B | ¥33.1B | ¥24.6B | ¥25.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥255.7B | ¥246.7B | ¥231.9B | ¥214.6B | ¥195.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥1.0B | ¥904M | ¥825M | ¥777M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥4.3B | ¥4.3B | ¥4.4B | ¥4.6B | ¥5.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥84.0B | ¥82.8B | ¥87.4B | ¥88.0B | ¥80.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥134.1B | ¥134.3B | ¥129.3B | ¥124.3B | ¥105.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥575 | ¥1,624 | ¥1,539 | ¥1,284 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,057 | ¥2,912 | ¥2,657 | ¥2,383 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥35.9B | ¥29.0B | ¥30.0B | ¥23.3B | ¥27.4B |
| Interest Paid | — | ¥-137M | ¥-129M | ¥-78M | ¥-61M |
| Interest Received | — | ¥1.7B | ¥1.5B | ¥1.4B | ¥1.1B |
| D&A | ¥22.1B | ¥8.0B | ¥6.9B | ¥6.4B | ¥5.9B |
| Investing CF | ¥-4.4B | ¥-13.7B | ¥-15.0B | ¥-709M | ¥-8.8B |
| Purchase Investments | — | ¥-2M | ¥-257M | ¥-1.3B | ¥-29M |
| Proceeds from Invest. | — | ¥5.2B | ¥3.6B | ¥5.6B | ¥246M |
| Financing CF | ¥-31.4B | ¥-22.0B | ¥-17.1B | ¥-16.2B | ¥-15.3B |
| Dividends Paid | — | ¥-9.6B | ¥-9.2B | ¥-7.9B | ¥-6.9B |
| Share Buybacks | — | ¥-12.0B | ¥-7.5B | ¥-7.0B | ¥-3.9B |
| LT Debt Repaid | — | — | ¥-150M | ¥-2.8B | ¥-5.0B |
| Free Cash Flow | ¥35.9B | ¥29.0B | ¥30.0B | ¥23.3B | ¥27.4B |
| Net Change in Cash | — | ¥-4.8B | ¥-1.6B | ¥7.6B | ¥4.8B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 14.1% | 13.4% | 13.5% | 14.8% | 12.6% |
| ROA | 10.7% | 10.4% | 10.4% | 11.3% | 9.2% |
| EPS | ¥176.34 | ¥153.88 | ¥141.17 | ¥417.02 | ¥323.77 |
| DPS | ¥26.00 | ¥45.00 | ¥114.00 | ¥108.00 | ¥90.00 |
| BPS | ¥1,304.33 | ¥1,192.67 | ¥1,109.01 | ¥2,960.56 | ¥2,690.65 |
| FCF/Share | — | ¥124 | ¥376 | ¥289 | ¥334 |
| NCAV/Share | — | ¥575 | ¥1,624 | ¥1,539 | ¥1,284 |
| Payout Ratio | 14.7% | 29.2% | 80.8% | 25.9% | 27.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-11
14:00
|
Buyback | ¥5.0B | Board resolved to repurchase up to ¥5.0B. | |
|
Summary
Board resolved to repurchase up to ¥5.0B.
Source (JP)
る割合 0.75%)
(3)株式の取得価額の総額 5,000,000,000 円(上限)
(4)取 得 期
(5)取 得 方
間 2026 年5月 12 日より 2026 年6月 30 日まで
法 東京証券取引所における市場買付け
(ご参考)2026 年4月
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 |
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)
|
37,568 | 16.07% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
15,545 | 6.65% |
| 3 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
9,384 | 4.01% |
| 4 |
BNYM AS AGT/CLTS 10 PERCENT
BNYM AS AGT/CLTS 10 PERCENT (常任代理人 株式会社三菱UFJ銀行)
|
8,152 | 3.48% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行)
|
6,209 | 2.65% |
| 6 |
BNYM AS AGT/CLTS NON TREATY JASDEC
BNYM AS AGT/CLTS NON TREATY JASDEC (常任代理人 株式会社三菱UFJ銀行)
|
5,904 | 2.52% |
| 7 | 日油親栄会 | 4,766 | 2.04% |
| 8 | 日油共栄会 | 4,017 | 1.71% |
| 9 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
|
3,041 | 1.30% |
| 10 | GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ) | 2,860 | 1.22% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.7%
+1.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
9.9%
+1.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
9.0%
-0.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.7% · 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 | 21.25% | 15.58% | 16.07% +0.49% | |
| Japan Custody Bank 日本カストディ銀行 | 6.41% | 5.57% | 6.65% +1.08% | |
| BNY Mellon | 1.88% | 4.03% | 6.00% +1.97% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 3.87% | 3.92% | 4.01% +0.09% | |
| State Street | — | 3.05% | 2.65% -0.40% | |
| 日油親栄会 | 2.12% | 2.05% | 2.04% -0.01% | |
| 日油共栄会 | 1.65% | 1.70% | 1.71% +0.01% | |
| JP Morgan NEW ENTRY | — | — | — | 1.30% NEW |
| GOVERNMENT OF NORWAY | — | 1.68% | 1.22% -0.46% | |
| Northern Trust last seen 2024 | Exited Top 10 | 1.58% | 1.66% | — |
| みずほ銀行 last seen 2023 | Exited Top 10 | 1.81% | — | — |
| 損害保険ジャパン last seen 2023 | Exited Top 10 | 1.37% | — | — |
| 住友生命保険 last seen 2023 | Exited Top 10 | 1.54% | — | — |
| Concentration (HHI) ⓘ | 528 | 327 | 372 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥37,367M
-6% since 2023
Holdings
40
+3 new
13 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥37,367M total | FY2023 ¥39,946M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業㈱
|
7,025 |
+400.0%
↑
1,658,490
|
7,090 | 331,698 | M |
|
RYOHIN KEIKAKU CO.,LTD.
㈱良品計画
|
5,843 |
1,439,000
|
2,164 | 1,439,000 | M |
|
Nissan Chemical Corporation
日産化学㈱
|
4,225 |
950,933
|
5,696 | 950,933 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
3,494 |
216,500
|
5,121 | 216,500 | M |
|
Nippon Fine Chemical Co., Ltd.
日本精化㈱
|
2,079 |
1,039,135
|
2,718 | 1,039,135 | M |
|
HONDA MOTOR CO., LTD.
本田技研工業㈱
|
1,968 |
+78.4%
↑
1,466,300
|
2,885 | 822,100 | |
|
TOYO SUISAN KAISHA, LTD.
東洋水産㈱
|
1,811 |
206,042
|
1,143 | 206,042 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
|
1,275 |
193,800
|
693 | 193,800 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
1,270 |
+200.0%
↑
281,076
|
492 | 93,692 | M |
|
Toyo Seikan Group Holdings, Ltd.
東洋製罐グループホールディングス㈱
|
1,242 |
508,080
|
927 | 508,080 | M |
|
KUREHA CORPORATION
㈱クレハ
|
1,084 |
+109.8%
↑
393,290
|
1,583 | 187,430 | M |
|
Carlit Co.,Ltd.
㈱カーリット
|
968 |
NEW
New
915,000
|
— | M | |
|
Lion Corporation
ライオン㈱
|
927 |
-50.0%
↓
523,072
|
1,498 | 1,047,072 | M |
|
KH Neochem Co.,Ltd.
KHネオケム㈱
|
912 |
362,300
|
868 | 362,300 | M |
|
Iyogin Holdings,Inc.
㈱いよぎんホールディングス
|
879 |
NEW
New
500,000
|
— | M | |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
582 |
+100.0%
↑
204,000
|
982 | 102,000 | M |
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
504 |
+300.0%
↑
289,600
|
382 | 72,400 | M |
|
Kotobuki Spirits Co., Ltd.
寿スピリッツ㈱
|
437 |
+400.0%
↑
180,000
|
337 | 36,000 | |
|
KANEKA CORPORATION
㈱カネカ
|
226 |
59,519
|
205 | 59,519 | M |
|
New Japan Chemical Co., Ltd.
新日本理化㈱
|
177 |
922,875
|
194 | 922,875 | M |
|
Tokyo Tatemono Co., Ltd.
東京建物㈱
|
153 |
60,637
|
97 | 60,637 | M |
|
HOSOYA PYRO-ENGINEERING CO., LTD.
細谷火工㈱
|
106 |
100,000
|
138 | 100,000 | M |
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
76 |
+2.6%
↑
18,830
|
69 | 18,353 | |
|
TAYCA CORPORATION
テイカ㈱
|
60 |
45,700
|
53 | 45,700 | M |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
31 |
NEW
New
7,812
|
— | ||
|
MATSUMOTO YUSHI-SEIYAKU CO.,LTD.
松本油脂製薬㈱
|
7 |
440
|
6 | 440 | M |
|
NICHIRYO BAKING CO.,LTD.
日糧製パン㈱
|
6 |
3,030
|
6 | 3,030 | |
| ㈱ | — | — | M | ||
|
TOHO CHEMICAL INDUSTRY COMPANY,LIMITED
東邦化学工業㈱
|
— | — | |||
|
FUSO CHEMICAL CO.,LTD.
扶桑化学工業㈱
|
— | — | |||
|
Marubeni Corporation
丸紅㈱
|
— | — | |||
|
SUBARU CORPORATION
㈱SUBARU
|
— | — | |||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— | — | |||
|
KAJIMA CORPORATION
鹿島建設㈱
|
— | — | |||
|
O-WELL CORPORATION
オーウエル㈱
|
— | — | M | ||
|
OKUMURA CORPORATION
㈱奥村組
|
— | — | |||
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
— | — | |||
|
Tobiushima Construction Co., Ltd.
飛島建設㈱
|
— | — | |||
|
HAZAMA ANDO CORPORATION
㈱安藤・間
|
— | — | |||
|
YAHAGI CONSTRUCTION CO.,LTD.
矢作建設工業㈱
|
— | — | |||
|
Meiji Holdings Co., Ltd.
明治ホールディングス㈱
|
— |
−100%
Exit
—
|
1,411 | 223,736 | M |
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
— |
−100%
Exit
—
|
934 | 2,008,557 | |
|
JSR Corporation
JSR㈱
|
— |
−100%
Exit
—
|
75 | 24,255 | |
|
Dainichiseika Color & Chemicals Mfg. Co., Ltd.
大日精化工業㈱
|
— |
−100%
Exit
—
|
11 | 6,453 | |
| ㈱ニッスイ(旧日本水産㈱) | — |
−100%
Exit
—
|
757 | 1,395,900 | M |
| カーリットホールディングス㈱ | — |
−100%
Exit
—
|
635 | 915,000 | M |
| ㈱いよぎんホールディングス(旧㈱伊予銀行) | — |
−100%
Exit
—
|
376 | 500,000 | M |
|
Miroku Corporation
㈱ミロク
|
— |
−100%
Exit
—
|
150 | 98,232 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
— |
−100%
Exit
—
|
104 | 105,000 | M |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学㈱
|
— |
−100%
Exit
—
|
97 | 220,124 | |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
20 | 7,647 | |
|
BOURBON CORPORATION
㈱ブルボン
|
— |
−100%
Exit
—
|
18 | 8,440 | |
| 東邦化学㈱ | — |
−100%
Exit
—
|
11 | 22,602 | |
| Portfolio total | 37,367 | 39,946 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding