5947
RINNAI CORPORATION
リンナイ株式会社
Metal Products
Rinnai Corporation manufactures and sells thermal equipment in Japan, the United States, Australia, China, South Korea, and Indonesia. The company offers water heaters, including hot-water units, bath hot-water units, hot-water and heating units, and gas/solar hybrid hot-water and heating systems; kitchen appliances, such as tabletop stoves, built-in-stoves, ovens, range food, dishwashers, and rice cookers; and air conditioning appliances comprising fan heaters, fan-forced heaters, and infrared heaters. It also provides commercial-use ceramics grills, gas stoves, and rice cookers; and clothes dryers, and infrared burners and parts. The company sells its products under the Rinnai brand. The company was formerly known as Rinnai & Co. and changed its name to Rinnai Corporation in 1971. Rinnai Corporation was incorporated in 1920 and is headquartered in Nagoya, Japan.
Price
¥3,393
Market Cap
¥477.2B
Ent. Value
—
Net Cash
est
—
Shares Out.
140.6M
P / E
16.2×
EV / EBIT
—
P / Book
1.18×
P / NCAV
2.19×
Div. Yield
2.36%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥460.3B | ¥430.2B | ¥425.2B | ¥366.2B |
| Cost of Sales | ¥304.3B | ¥292.3B | ¥286.8B | ¥249.6B |
| Gross Profit | ¥156.1B | ¥137.8B | ¥138.4B | ¥116.6B |
| SG&A | ¥110.1B | ¥98.5B | ¥97.0B | ¥80.7B |
| Operating Income | ¥46.0B | ¥39.4B | ¥41.4B | ¥35.9B |
| Non-Operating Income | ¥5.3B | ¥7.6B | ¥3.8B | ¥4.0B |
| Dividend Income | ¥560M | ¥479M | ¥445M | ¥378M |
| Interest Income | ¥3.0B | ¥2.5B | ¥1.7B | ¥1.1B |
| Non-Operating Expenses | ¥962M | ¥916M | ¥633M | ¥759M |
| Interest Expense | ¥97M | ¥79M | ¥73M | ¥64M |
| Ordinary Income | ¥50.3B | ¥46.1B | ¥44.6B | ¥39.1B |
| Pre-tax Income | ¥49.9B | ¥45.9B | ¥44.6B | ¥39.1B |
| Income Taxes | ¥12.7B | ¥11.4B | ¥11.6B | ¥10.1B |
| Current Tax | ¥12.8B | ¥10.4B | ¥11.8B | ¥9.3B |
| Deferred Tax | ¥-146M | ¥973M | ¥-192M | ¥786M |
| Net Income (owners) | ¥29.7B | ¥26.7B | ¥26.1B | ¥23.7B |
| Minority Interest | ¥7.5B | ¥7.9B | ¥6.9B | ¥5.3B |
| Comprehensive Income | ¥48.7B | ¥51.6B | ¥46.6B | ¥34.2B |
| EBITDA | ¥61.5B | ¥54.2B | ¥54.8B | ¥47.7B |
| Goodwill Amort. (J-GAAP) | ¥320M | ¥87M | ¥86M | ¥45M |
| EPS | ¥209.66 | ¥184.75 | ¥176.92 | ¥470.39 |
| Shares Outstanding | 140.6M | 143.2M | 48.8M | 49.8M |
| Shares Issued (total) | 143.9M | 146.7M | 50.0M | 50.0M |
| Treasury Shares | 3.2M | 3.5M | 1.2M | 0.2M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥606.6B | ¥577.1B | ¥547.1B | ¥512.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥362.5B | ¥341.4B | ¥341.5B | ¥334.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥170.8B | ¥147.6B | ¥150.9B | ¥173.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥93.9B | ¥91.7B | ¥78.9B | ¥75.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥244.1B | ¥235.7B | ¥205.6B | ¥178.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥152.3B | ¥147.4B | ¥118.2B | ¥100.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥7.8B | ¥3.6B | ¥3.7B | ¥3.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥35.9B | ¥40.8B | ¥48.2B | ¥44.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥5.6B | ¥5.3B | ¥4.8B | ¥4.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥144.9B | ¥139.7B | ¥139.9B | ¥134.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥108.6B | ¥106.9B | ¥112.9B | ¥108.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥32.9B | ¥24.4B | ¥26.2B | ¥26.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥7.0B | ¥5.2B | ¥6.7B | ¥4.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥36.3B | ¥32.8B | ¥27.0B | ¥25.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥8.3B | ¥8.8B | ¥8.8B | ¥8.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥17.7B | ¥16.0B | ¥11.5B | ¥10.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥461.7B | ¥437.4B | ¥407.2B | ¥378.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥6.5B | ¥6.5B | ¥6.5B | ¥6.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥8.4B | ¥8.4B | ¥8.4B | ¥8.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥352.9B | ¥342.5B | ¥334.9B | ¥315.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-10.9B | ¥-10.9B | ¥-12.3B | ¥-2.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥48.9B | ¥41.3B | ¥26.6B | ¥14.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥357.0B | ¥346.5B | ¥337.6B | ¥328.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥55.9B | ¥49.7B | ¥43.0B | ¥35.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥170.8B | ¥147.6B | ¥150.9B | ¥173.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥217.6B | ¥201.8B | ¥201.6B | ¥199.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,547 | ¥1,409 | ¥4,132 | ¥4,015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,538 | ¥2,419 | ¥6,918 | ¥6,595 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥57.5B | ¥43.3B | ¥19.4B | ¥28.7B |
| Interest Paid | ¥-105M | ¥-73M | ¥-79M | ¥-65M |
| Interest Received | ¥3.7B | ¥2.7B | ¥1.7B | ¥1.4B |
| D&A | ¥15.1B | ¥14.8B | ¥13.3B | ¥11.8B |
| Goodwill Amort. | ¥320M | ¥87M | ¥86M | ¥45M |
| Investing CF | ¥-22.7B | ¥-20.0B | ¥-30.1B | ¥-25.5B |
| CapEx | ¥16.8B | ¥36.7B | ¥25.9B | ¥20.2B |
| Purchase Investments | ¥-124M | ¥-22M | ¥-8.6B | ¥-8.8B |
| Financing CF | ¥-26.5B | ¥-23.7B | ¥-21.3B | ¥-27.1B |
| Dividends Paid | ¥-9.9B | ¥-8.4B | ¥-7.1B | ¥-7.1B |
| Share Buybacks | ¥-10.0B | ¥-10.2B | ¥-10.1B | ¥-17.4B |
| Free Cash Flow | ¥40.7B | ¥6.6B | ¥-6.6B | ¥8.5B |
| Net Change in Cash | ¥12.5B | ¥3.6B | ¥-28.1B | ¥-18.9B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 7.5% | 7.1% | 7.4% | 6.9% |
| ROA | 5.0% | 4.7% | 4.9% | 4.6% |
| EPS | ¥209.66 | ¥184.75 | ¥176.92 | ¥470.39 |
| DPS | ¥80.00 | ¥60.00 | ¥160.00 | ¥140.00 |
| BPS | ¥2,885.72 | ¥2,707.86 | ¥2,487.60 | ¥6,889.76 |
| FCF/Share | ¥289 | ¥46 | ¥-134 | ¥170 |
| NCAV/Share | ¥1,547 | ¥1,409 | ¥4,132 | ¥4,015 |
| Payout Ratio | 38.2% | 32.5% | 90.4% | 29.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 内藤株式会社 | 18,647 | 13.25% |
| 2 |
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）
|
16,814 | 11.95% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
9,215 | 6.55% |
| 4 | 林 謙治 | 7,369 | 5.24% |
| 5 | 公益財団法人リンナイ奨学財団 | 4,200 | 2.98% |
| 6 |
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）
|
3,031 | 2.15% |
| 7 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505103 （常任代理人 株式会社みずほ銀行決済営業部）
|
2,589 | 1.84% |
| 8 | 全国共済農業協同組合連合会 （常任代理人 日本マスタートラスト信託銀行株式会社） | 2,487 | 1.76% |
| 9 | リンナイ社員持株会 | 2,166 | 1.54% |
| 10 | 内藤 万琴 | 1,710 | 1.21% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
18.5%
-0.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.0%
-1.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
26.0%
+1.8% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 48.5% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 内藤 | 12.73% | 13.02% | 13.25% +0.23% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 17.24% | 11.74% | 11.95% +0.21% | |
| Japan Custody Bank 日本カストディ銀行 | 8.60% | 7.06% | 6.55% -0.51% | |
| 林 謙治 | 5.03% | 5.14% | 5.24% +0.10% | |
| State Street | — | 4.96% | 3.99% -0.97% | |
| 公益財団法人リンナイ奨学財団 | 2.86% | 2.93% | 2.98% +0.05% | |
| 全国共済農業協同組合連合会 | — | 1.45% | 1.76% +0.31% | |
| リンナイ社員持株会 NEW ENTRY | — | — | — | 1.54% NEW |
| 内藤 万琴 NEW ENTRY | 1.16% | — | 1.21% NEW | |
| TOKYO GAS CO.,LTD. 東京瓦斯 last seen 2024 | Exited Top 10 | 1.60% | 1.64% | — |
| 内藤 ゆき美 last seen 2023 | Exited Top 10 | 1.12% | — | — |
| MISAKI ENGAGEMENT MASTER FUND last seen 2023 | Exited Top 10 | 2.33% | — | — |
| Fidelity last seen 2023 | Exited Top 10 | 1.21% | — | — |
| Concentration (HHI) ⓘ | 579 | 422 | 420 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥19,119M
+15% since 2023
Holdings
47
+9 new
19 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥19,119M total | FY2023 ¥16,647M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsuuroko Group Holdings Co.,Ltd.
㈱ミツウロコグループホールディングス
|
4,825 |
2,694,064
|
3,483 | 2,694,064 | M |
|
TOKYO GAS CO.,LTD.
東京瓦斯㈱
|
2,574 |
-50.0%
↓
540,560
|
2,698 | 1,081,060 | M |
|
SINANEN HOLDINGS CO., LTD.
シナネンホールディングス㈱
|
2,231 |
374,419
|
1,200 | 374,419 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
1,491 |
+100.0%
↑
522,720
|
2,516 | 261,360 | M |
|
IWATANI CORPORATION
岩谷産業㈱ （注）３
|
1,195 |
NEW
New
800,000
|
— | M | |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード㈱
|
999 |
+0.4%
↑
569,092
|
832 | 566,903 | M |
|
AIPHONE CO.,LTD
アイホン㈱
|
793 |
305,000
|
622 | 305,000 | M |
|
NEW COSMOS ELECTRIC CO., LTD
新コスモス電機㈱
|
635 |
251,500
|
538 | 251,500 | M |
|
TOKAI Holdings Corporation
㈱ＴＯＫＡＩホールディングス
|
560 |
570,656
|
498 | 570,656 | |
|
Makita Corporation
㈱マキタ
|
476 |
96,800
|
317 | 96,800 | M |
|
sanrin co.,ltd.
サンリン㈱
|
465 |
712,000
|
487 | 712,000 | M |
|
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ
|
404 |
NEW
New
141,525
|
— | M | |
|
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
|
344 |
101,978
|
222 | 101,978 | |
|
AIR WATER INC.
エア・ウォーター㈱
|
320 |
+1.7%
↑
169,590
|
276 | 166,702 | M |
|
YUASA TRADING CO.,LTD.
ユアサ商事㈱
|
283 |
62,500
|
236 | 62,500 | |
|
Nomura Holdings Inc.
野村ホールディングス㈱
|
217 |
239,800
|
122 | 239,800 | |
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業㈱
|
201 |
+3.6%
↑
40,806
|
122 | 39,381 | |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱
|
188 |
45,670
|
112 | 45,670 | M |
|
KAMEI CORPORATION
カメイ㈱
|
102 |
51,700
|
76 | 51,700 | M |
|
Yamazaki Co., Ltd.
㈱山善
|
99 |
+8.4%
↑
75,900
|
71 | 70,020 | |
|
LIXIL Corporation
㈱ＬＩＸＩＬ
|
99 |
57,718
|
125 | 57,718 | |
|
K&O Energy Group Inc.
Ｋ＆Ｏエナジーグループ㈱
|
92 |
30,904
|
65 | 30,904 | |
|
SALA CORPORATION
㈱サーラコーポレーション
|
75 |
+6.6%
↑
87,768
|
61 | 82,333 | M |
|
SAN-AI OBBLI CO.,LTD
三愛オブリ㈱
|
54 |
NEW
New
31,500
|
— | ||
|
Denkyo Group Holdings Co.,Ltd.
㈱デンキョーグループホールディングス
|
52 |
NEW
New
45,000
|
— | M | |
|
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱
|
48 |
NEW
New
40,298
|
— | ||
|
Cleanup Co., Ltd.
クリナップ㈱
|
38 |
58,300
|
40 | 58,300 | |
|
Joshin Denki Co., Ltd.
上新電機㈱
|
31 |
15,000
|
29 | 15,000 | |
|
MIKUNI CORPORATION
㈱ミクニ
|
30 |
100,409
|
33 | 100,409 | M |
|
KEIYO GAS CO., LTD.
京葉瓦斯㈱ （注）４
|
29 |
NEW
New
27,000
|
— | ||
|
Sun Messe Co.,Ltd.
サンメッセ㈱
|
28 |
76,500
|
27 | 76,500 | M |
|
Misonoza Co.
㈱御園座
|
27 |
16,000
|
28 | 16,000 | |
|
koukandekirukun, Inc.
㈱交換できるくん
|
27 |
10,000
|
36 | 10,000 | |
|
Hokkaido Gas Co., Ltd.
北海道瓦斯㈱ （注）５
|
24 |
NEW
New
48,833
|
— | ||
|
Sintokogio,Ltd.
新東工業㈱
|
24 |
29,100
|
24 | 29,100 | M |
|
toho acetylene co.,ltd.
東邦アセチレン㈱
|
18 |
+400.0%
↑
50,000
|
13 | 10,000 | |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱ （注）６
|
13 |
NEW
New
2,000
|
— | M | |
|
MISUMI CO., LTD.
㈱Ｍｉｓｕｍｉ
|
5 |
3,000
|
5 | 3,000 | |
|
AMG HOLDINGS CO.,LTD.
ＡＭＧホールディングス㈱
|
2 |
NEW
New
1,200
|
— | ||
|
juntendo co.,ltd.
㈱ジュンテンドー
|
1 |
2,858
|
1 | 2,858 | |
|
ARCLANDS CORPORATION
アークランズ㈱
|
— | — | |||
|
DCM Holdings Co.,Ltd.
ＤＣＭホールディングス㈱
|
— | — | |||
|
Seibu Gas Holdings Co.
西部ガスホールディングス㈱
|
— | — | M | ||
|
YAMADA HOLDINGS CO.,LTD.
㈱ヤマダホールディングス
|
— | — | |||
|
NITTO KOGYO CORPORATION
日東工業㈱
|
— | — | |||
|
Nippon BS Broadcasting Corporation
日本ＢＳ放送㈱
|
— | — | |||
|
TOYOTA MOTOR CORPORATION
トヨタ自動車(株)
|
— | — | |||
|
ITOCHU ENEX CO.,LTD.
伊藤忠エネクス㈱
|
— |
−100%
Exit
—
|
7 | 6,930 | |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
— |
−100%
Exit
—
|
1 | 1,050 | |
| ＮＩＰＰＯＮ ＥＸＰＲＥＳＳ ホールディングス㈱ | — |
−100%
Exit
—
|
2 | 300 | |
|
KOMERI CO.,LTD.
㈱コメリ
|
— |
−100%
Exit
—
|
1 | 405 | |
|
IWATANI CORPORATION
岩谷産業㈱
|
— |
−100%
Exit
—
|
1,158 | 200,000 | M |
|
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ （注）３
|
— |
−100%
Exit
—
|
304 | 141,525 | M |
| ㈱電響社 | — |
−100%
Exit
—
|
53 | 45,000 | M |
| 三愛石油㈱ | — |
−100%
Exit
—
|
43 | 31,500 | |
|
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱ （注）４
|
— |
−100%
Exit
—
|
43 | 38,233 | |
|
MS&AD Insurance Group Holdings, Inc.
ＭＳ＆ＡＤインシュアランスグループホールディングス㈱
|
— |
−100%
Exit
—
|
32 | 8,016 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱ＵＦＪフィナンシャル・グループ
|
— |
−100%
Exit
—
|
27 | 32,877 | |
|
KEIYO GAS CO., LTD.
京葉瓦斯㈱
|
— |
−100%
Exit
—
|
21 | 9,000 | |
|
Hokkaido Gas Co., Ltd.
北海道瓦斯㈱
|
— |
−100%
Exit
—
|
16 | 8,380 | |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
— |
−100%
Exit
—
|
10 | 1,000 | M |
| アークランドサカモト㈱ | — |
−100%
Exit
—
|
8 | 6,000 | |
| Ｊ．フロントリテイリング㈱ | — |
−100%
Exit
—
|
2 | 1,650 | M |
|
AMG HOLDINGS CO.,LTD.
ＡＭＧホールディングス(株)
|
— |
−100%
Exit
—
|
2 | 1,200 | |
|
BROTHER INDUSTRIES LTD.
ブラザー工業㈱
|
— |
−100%
Exit
—
|
1 | 1,000 | |
|
DCM Holdings Co.,Ltd.
ＤＣＭホールディングス(株)
|
— |
−100%
Exit
—
|
1 | 1,000 | |
| Portfolio total | 19,119 | 16,647 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding