4613
KANSAI PAINT CO.,LTD.
関西ペイント株式会社
Chemicals
Kansai Paint Co., Ltd., together with its subsidiaries, manufactures and sells paints and coatings in Japan, India, China, Asia, Africa, Europe, and internationally. The company offers decorative coatings for protecting exterior and interior of buildings; automotive refinish coatings for dents and scrapes; and industrial coatings that are used in industrial vehicles, steel furniture, agricultural machinery, special-purpose vehicles, exterior building materials, metal products, beverage cans, and precoated metals used in metallic building materials and home appliances. It also offers marine coatings; automotive coatings for vehicles, including new car body, plastic parts, and aluminum wheel painting, and automotive color design; and anticorrosion paint for bridges, power equipment, industrial plants, and steel structures, as well as offers fire-resistant coatings. In addition, the company provides coatings solutions through electronic materials coating design technologies; and develops hydrogel fluid carrier beads that are used in various types of wastewater treatment. Further, it designs, manufactures, and sells coating equipment; controls and undertakes painting works; designs color schemes; and manufactures and sells products in the biotechnology and electronics fields. Kansai Paint Co., Ltd. was incorporated in 1918 and is headquartered in Osaka, Japan.
Price
¥2,450
Market Cap
¥428.5B
Ent. Value
¥432.3B
Net Debt
−¥3.8B
Shares Out.
174.9M
P / E
13.6×
EV / EBIT
8.7×
P / Book
1.44×
P / NCAV
N/M
Div. Yield
2.24%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥589.8B | ¥588.8B | ¥562.3B | ¥509.1B | ¥419.2B |
| Cost of Sales | ¥398.4B | ¥403.1B | ¥388.9B | ¥372.0B | ¥294.2B |
| Gross Profit | ¥191.3B | ¥185.7B | ¥173.4B | ¥137.1B | ¥125.0B |
| SG&A | ¥141.6B | ¥133.7B | ¥121.8B | ¥105.0B | ¥94.9B |
| Operating Income | ¥49.7B | ¥52.0B | ¥51.6B | ¥32.1B | ¥30.1B |
| Non-Operating Income | ¥14.7B | ¥7.4B | ¥13.6B | ¥10.8B | ¥10.4B |
| Dividend Income | — | ¥667M | ¥1.2B | ¥1.7B | ¥1.6B |
| Interest Income | — | ¥1.9B | ¥991M | ¥469M | ¥403M |
| Non-Operating Expenses | — | ¥10.3B | ¥7.5B | ¥2.7B | ¥2.9B |
| Interest Expense | — | ¥3.2B | ¥2.1B | ¥1.3B | ¥1.5B |
| Ordinary Income | ¥54.7B | ¥49.1B | ¥57.7B | ¥40.2B | ¥37.6B |
| Pre-tax Income | ¥57.0B | ¥65.3B | ¥108.4B | ¥43.5B | ¥43.8B |
| Income Taxes | ¥22.4B | ¥20.0B | ¥32.0B | ¥14.0B | ¥11.6B |
| Current Tax | — | ¥18.8B | ¥30.9B | ¥13.6B | ¥10.5B |
| Deferred Tax | — | ¥1.2B | ¥1.1B | ¥351M | ¥1.1B |
| Net Income (owners) | ¥31.6B | ¥38.3B | ¥67.1B | ¥25.2B | ¥26.5B |
| Minority Interest | — | ¥6.9B | ¥9.2B | ¥4.3B | ¥5.7B |
| Comprehensive Income | — | ¥55.4B | ¥85.2B | ¥39.9B | ¥48.8B |
| EBITDA | ¥73.0B | ¥77.9B | ¥74.1B | ¥51.7B | ¥48.1B |
| Goodwill Amort. (J-GAAP) | — | ¥5.1B | ¥4.6B | ¥3.8B | ¥3.7B |
| EPS | ¥179.65 | ¥202.02 | ¥299.15 | ¥104.61 | ¥103.23 |
| Shares Outstanding | — | 174.9M | 207.4M | 229.3M | 255.7M |
| Shares Issued (total) | — | 178.0M | 210.4M | 272.6M | 272.6M |
| Treasury Shares | — | 3.1M | 3.0M | 43.3M | 17.0M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥801.7B | ¥750.7B | ¥689.7B | ¥669.5B | ¥600.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥376.2B | ¥355.5B | ¥328.7B | ¥319.6B | ¥276.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥78.7B | ¥76.7B | ¥76.6B | ¥87.0B | ¥64.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥120.9B | ¥113.2B | ¥106.8B | ¥110.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥425.5B | ¥395.2B | ¥361.0B | ¥349.8B | ¥323.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥203.8B | ¥183.8B | ¥159.0B | ¥144.6B | ¥133.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥35.7B | ¥34.1B | ¥40.5B | ¥27.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥80.5B | ¥66.2B | ¥63.2B | ¥48.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥58.3B | ¥57.9B | ¥70.9B | ¥89.1B | ¥94.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥6.8B | ¥5.8B | ¥5.2B | ¥4.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥420.5B | ¥400.7B | ¥309.5B | ¥316.4B | ¥224.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥195.7B | ¥177.0B | ¥152.8B | ¥265.3B | ¥173.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥85.2B | ¥86.7B | ¥81.0B | ¥72.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥19.8B | ¥12.0B | ¥9.9B | ¥73.8B | ¥9.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥5.3B | ¥17.6B | ¥7.8B | ¥2.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥224.7B | ¥223.6B | ¥156.6B | ¥51.1B | ¥51.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥62.6B | ¥67.6B | ¥6.1B | ¥2.5B | ¥1.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥7.3B | ¥7.8B | ¥7.8B | ¥7.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥41.2B | ¥35.6B | ¥35.4B | ¥35.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥381.2B | ¥350.0B | ¥380.2B | ¥353.0B | ¥375.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥25.7B | ¥25.7B | ¥25.7B | ¥25.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥18.3B | ¥20.0B | ¥21.1B | ¥21.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥205.1B | ¥186.7B | ¥234.1B | ¥299.0B | ¥279.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-2.1B | ¥-2.1B | ¥-80.0B | ¥-26.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥40.6B | ¥32.3B | ¥27.1B | ¥19.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥246.6B | ¥228.6B | ¥277.6B | ¥265.8B | ¥300.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥80.6B | ¥70.3B | ¥60.1B | ¥55.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥82.4B | ¥79.6B | ¥16.0B | ¥76.3B | ¥10.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-3.8B | ¥-3.0B | ¥60.6B | ¥10.7B | ¥53.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-44.2B | ¥-45.2B | ¥19.3B | ¥3.2B | ¥51.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-258 | ¥93 | ¥14 | ¥202 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,307 | ¥1,339 | ¥1,159 | ¥1,175 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥52.6B | ¥35.0B | ¥67.1B | ¥50.2B | ¥15.5B |
| Interest Paid | — | ¥-2.8B | ¥-1.5B | ¥-1.3B | ¥-1.5B |
| Interest Received | — | ¥6.8B | ¥6.0B | ¥5.0B | ¥5.4B |
| D&A | ¥23.3B | ¥20.7B | ¥18.0B | ¥15.8B | ¥14.3B |
| Goodwill Amort. | — | ¥5.1B | ¥4.6B | ¥3.8B | ¥3.7B |
| Investing CF | ¥-27.0B | ¥-39.2B | ¥-9.0B | ¥-10.6B | ¥-2.1B |
| CapEx | ¥26.1B | ¥20.1B | ¥16.0B | ¥9.3B | ¥14.6B |
| Purchase Investments | — | ¥-19M | ¥-1.0B | ¥-185M | ¥-48M |
| Proceeds from Invest. | — | ¥7.1B | ¥37.5B | ¥5.2B | ¥1.9B |
| Financing CF | ¥-22.2B | ¥-8.0B | ¥-72.9B | ¥-18.3B | ¥-64.1B |
| Dividends Paid | — | ¥-8.7B | ¥-7.6B | ¥-7.4B | ¥-7.7B |
| Share Buybacks | — | ¥-80.0B | ¥-49.0B | ¥-53.4B | ¥-10M |
| LT Debt Repaid | — | ¥-8.7B | ¥-453M | ¥-1.8B | ¥-51.2B |
| Free Cash Flow | ¥26.6B | ¥14.9B | ¥51.1B | ¥40.9B | ¥955M |
| Net Change in Cash | — | ¥-7.8B | ¥-12.3B | ¥23.6B | ¥-48.7B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 8.7% | 13.2% | 22.3% | 8.2% | 8.7% |
| ROA | 4.1% | 5.3% | 9.9% | 4.0% | 4.4% |
| EPS | ¥179.65 | ¥202.02 | ¥299.15 | ¥104.61 | ¥103.23 |
| DPS | ¥55.00 | ¥50.00 | ¥40.00 | ¥30.00 | ¥30.00 |
| BPS | ¥1,703.16 | ¥1,527.55 | ¥1,485.52 | ¥1,270.72 | ¥1,245.73 |
| FCF/Share | — | ¥85 | ¥247 | ¥178 | ¥4 |
| NCAV/Share | — | ¥-258 | ¥93 | ¥14 | ¥202 |
| Payout Ratio | 30.6% | 24.8% | 13.4% | 28.7% | 29.1% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 26
| # | 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)
|
26,676 | 14.98% |
| 2 |
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社)
|
12,490 | 7.01% |
| 3 |
Dai-ichi Life Insurance
第一生命保険株式会社 (常任代理人 株式会社日本カストディ銀行)
|
12,485 | 7.01% |
| 4 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 380055 (常任代理人 株式会社みずほ銀行決済営業部)
|
11,908 | 6.69% |
| 5 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
9,836 | 5.52% |
| 6 |
Stock Ownership Plan
関西ペイント交友持株会
|
3,538 | 1.98% |
| 7 |
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決済営業部)
|
3,498 | 1.96% |
| 8 | 野村信託銀行株式会社(投信口) | 2,857 | 1.60% |
| 9 | 株式会社扇商會 | 2,550 | 1.43% |
| 10 | テイカ株式会社 | 2,547 | 1.43% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.5%
+1.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
8.7%
+0.7% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
20.5%
+3.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 49.6% · 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 | 17.88% | 14.83% | 14.98% +0.15% | |
| Dai-ichi Life Insurance 第一生命保険 | 5.37% | 5.93% | 7.01% +1.08% | |
| Nippon Life Insurance 日本生命保険 | 5.37% | 5.93% | 7.01% +1.08% | |
| JP Morgan | 3.58% | 4.04% | 6.69% +2.65% | |
| Japan Custody Bank 日本カストディ銀行 | 4.89% | 4.70% | 5.52% +0.82% | |
| Stock Ownership Plan 関西ペイント交友持株会 | 2.08% | 2.04% | 1.98% -0.06% | |
| State Street | 7.44% | 3.95% | 1.96% -1.99% | |
| 野村信託銀行株式会社(投信口) NEW ENTRY | — | — | — | 1.60% NEW |
| 式会社扇商會 NEW ENTRY | — | — | — | 1.43% NEW |
| テイカ NEW ENTRY | — | — | — | 1.43% NEW |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 last seen 2024 | Exited Top 10 | 1.35% | 1.49% | — |
| MUFG Bank 三菱UFJ銀行 last seen 2024 | Exited Top 10 | — | 1.35% | — |
| 式会社三菱UFJ銀行 last seen 2023 | Exited Top 10 | 1.23% | — | — |
| Concentration (HHI) ⓘ | 477 | 352 | 412 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥10,614M
-78% since 2023
Holdings
25
31 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥10,614M total | FY2023 ¥49,173M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
suzuki motor corporation
スズキ㈱
|
2,686 |
+300.0%
↑
1,484,360
|
1,782 | 371,090 | |
|
Nihon Tokushu Toryo Co., Ltd.
日本特殊塗料㈱
|
2,159 |
1,467,750
|
1,382 | 1,467,750 | M |
| ㈱淀川製鋼所 | 1,893 |
340,000
|
923 | 340,000 | M |
|
TAYCA CORPORATION
テイカ㈱
|
816 |
612,470
|
719 | 612,470 | M |
|
O-WELL CORPORATION
オーウエル㈱
|
674 |
700,000
|
555 | 700,000 | M |
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
467 |
-8.9%
↓
204,500
|
78 | 224,500 | |
|
KH Neochem Co.,Ltd.
KHネオケム㈱
|
364 |
144,900
|
347 | 144,900 | M |
|
KYOKUTO KAIHATSU KOGYO CO.,LTD.
極東開発工業㈱
|
358 |
151,500
|
244 | 151,500 | M |
|
NISSAN SHATAI CO.,LTD.
日産車体㈱
|
292 |
283,800
|
240 | 283,800 | |
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
246 |
+300.0%
↑
141,600
|
186 | 35,400 | M |
|
Sakai Chemical Industry Co.,Ltd.
堺化学工業㈱
|
161 |
-50.0%
↓
59,500
|
210 | 119,000 | M |
|
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
大阪有機化学工業㈱
|
122 |
50,000
|
107 | 50,000 | M |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
121 |
52,295
|
102 | 52,295 | M |
|
ISEKI&CO.,LTD.
井関農機㈱
|
74 |
68,994
|
82 | 68,994 | |
|
MIYAJI ENGINEERING GROUP, INC.
宮地エンジニアリンググループ㈱
|
71 |
+300.0%
↑
40,000
|
37 | 10,000 | |
|
DKS Co. Ltd.
第一工業製薬㈱
|
47 |
17,100
|
32 | 17,100 | M |
|
Naikai Zosen Corporation
内海造船㈱
|
43 |
-65.9%
↓
7,760
|
36 | 22,760 | |
|
HARIMA CHEMICALS GROUP, INC.
ハリマ化成グループ㈱
|
17 |
-76.0%
↓
20,950
|
76 | 87,250 | M |
|
Toabo Corporation
㈱トーア紡コーポレーション
|
3 |
10,000
|
3 | 10,000 | M |
|
FUJISASH CO.,LTD.
不二サッシ㈱
|
— | — | |||
|
MITSUBISHI MOTORS CORPORATION
三菱自動車工業㈱
|
— | — | |||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— | — | M | ||
|
ISUZU MOTORS LIMITED
いすゞ自動車㈱
|
— | — | |||
|
DAICEL CORPORATION
㈱ダイセル
|
— | — | |||
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
— | — | |||
|
SANYO CHEMICAL INDUSTRIES,LTD.
三洋化成工業㈱
|
— |
−100%
Exit
—
|
1 | 242 | |
|
HONDA MOTOR CO., LTD.
本田技研工業㈱
|
— |
−100%
Exit
—
|
3,590 | 1,022,800 | M |
|
KUBOTA CORPORATION
㈱クボタ
|
— |
−100%
Exit
—
|
1,074 | 537,588 | M |
|
SUBARU CORPORATION
㈱SUBARU
|
— |
−100%
Exit
—
|
422 | 200,000 | |
|
Yokogawa Bridge Holdings Corp.
㈱横河ブリッジホールディングス
|
— |
−100%
Exit
—
|
432 | 200,000 | M |
| 森六ホールディングス㈱ | — |
−100%
Exit
—
|
92 | 50,000 | M |
|
HINO MORTORS,LTD.
日野自動車㈱
|
— |
−100%
Exit
—
|
121 | 220,500 | |
|
PRESS KOGYO CO.,LTD.
プレス工業㈱
|
— |
−100%
Exit
—
|
48 | 96,985 | |
|
ITOKI CORPORATION
㈱イトーキ
|
— |
−100%
Exit
—
|
22 | 30,000 | |
|
DIC Corporation
DIC㈱
|
— |
−100%
Exit
—
|
35 | 15,000 | M |
|
The Hyakujushi Bank,Ltd.
㈱百十四銀行
|
— |
−100%
Exit
—
|
19 | 10,500 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
— |
−100%
Exit
—
|
33,273 | 17,698,410 | |
|
NAGASE & CO., LTD.
長瀬産業㈱
|
— |
−100%
Exit
—
|
734 | 361,000 | M |
| ㈱T Dホールディングス | — |
−100%
Exit
—
|
618 | 377,000 | |
|
Mitsui O.S.K. Lines, Ltd.
㈱商船三井
|
— |
−100%
Exit
—
|
410 | 123,918 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
— |
−100%
Exit
—
|
237 | 93,270 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
— |
−100%
Exit
—
|
168 | 170,252 | M |
|
Hitachi, Ltd.
㈱日立製作所
|
— |
−100%
Exit
—
|
152 | 21,000 | |
|
JFE Holdings,Inc.
JFEホールディングス㈱
|
— |
−100%
Exit
—
|
146 | 87,509 | |
|
Sojitz Corporation
双日㈱
|
— |
−100%
Exit
—
|
122 | 44,493 | M |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
— |
−100%
Exit
—
|
79 | 5,000 | |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業㈱
|
— |
−100%
Exit
—
|
67 | 20,800 | |
|
NYK Line Co.
日本郵船㈱
|
— |
−100%
Exit
—
|
44 | 14,520 | |
|
Oriental Shiraishi Corporation
オリエンタル白石㈱
|
— |
−100%
Exit
—
|
41 | 127,250 | |
|
SOFT99corporation
㈱ソフト99コーポレーション
|
— |
−100%
Exit
—
|
23 | 18,200 | M |
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
— |
−100%
Exit
—
|
19 | 31,000 | M |
|
Nichia Steel Industry Co., Ltd.
日亜鋼業㈱
|
— |
−100%
Exit
—
|
18 | 62,071 | |
|
NITTO KOGYO CORPORATION
日東工業㈱
|
— |
−100%
Exit
—
|
11 | 4,356 | |
|
NIPPON SHARYO, LTD.
日本車輌製造㈱
|
— |
−100%
Exit
—
|
9 | 4,844 | |
|
INABA SEISAKUSHO Co.,Ltd.
㈱稲葉製作所
|
— |
−100%
Exit
—
|
3 | 2,400 | |
|
KOMAIHALTEC Inc.
㈱駒井ハルテック
|
— |
−100%
Exit
—
|
2 | 1,224 | |
| Portfolio total | 10,614 | 49,173 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding