7202
ISUZU MOTORS LIMITED
いすゞ自動車株式会社
Transportation Equipments
Isuzu Motors Limited manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide. The company offers heavy and medium-duty trucks and buses, and light-duty trucks; pickup vehicles, pickup trucks, and SUVs; and marine and industrial engines. The company also supplies diesel engines to manufacturers in various fields, including construction machinery, agricultural equipment, power generators, and commercial vessels. In addition, it provides after-sales services; repair services for commercial vehicles and buses; and commercial vehicle leasing and maintenance contract services. Further, the company manufactures automobile parts and engines. Additionally, it engages in the import, wholesale, supply, and export of vehicles and components and parts; and logistics management activities, as well as import, assembly, and wholesale of pickup trucks and derivatives. Isuzu Motors Limited was formerly known as Diesel Automobile Industry Co., Ltd. and changed its name to Isuzu Motors Limited in July 1949. The company was founded in 1916 and is headquartered in Yokohama, Japan.
Price
¥2,348
Market Cap
¥1.7T
Ent. Value
¥2.0T
Net Debt
−¥285.6B
Shares Out.
713.3M
P / E
12.8×
EV / EBIT
8.5×
P / Book
1.16×
P / NCAV
33.71×
Div. Yield
3.92%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥3,235.6B | ¥3,386.7B | ¥3,195.5B | ¥2,514.3B |
| Cost of Sales | ¥2,573.3B | ¥2,706.4B | ¥2,600.3B | ¥2,056.1B |
| Gross Profit | ¥662.3B | ¥680.2B | ¥595.2B | ¥458.2B |
| SG&A | ¥430.3B | ¥387.1B | ¥341.6B | ¥271.0B |
| Operating Income | ¥229.5B | ¥293.1B | ¥253.5B | ¥187.2B |
| Non-Operating Income | ¥18.8B | ¥31.8B | ¥26.5B | ¥28.3B |
| Dividend Income | — | ¥5.9B | ¥5.5B | ¥5.2B |
| Interest Income | — | ¥10.1B | ¥5.6B | ¥3.3B |
| Non-Operating Expenses | ¥12.5B | ¥11.8B | ¥10.2B | ¥7.1B |
| Interest Expense | — | ¥4.2B | ¥2.2B | ¥2.1B |
| Ordinary Income | — | ¥313.0B | ¥269.9B | ¥208.4B |
| Pre-tax Income | ¥245.0B | ¥305.6B | ¥269.8B | ¥204.3B |
| Income Taxes | — | ¥84.2B | ¥73.2B | ¥47.6B |
| Current Tax | — | ¥86.8B | ¥73.0B | ¥53.1B |
| Deferred Tax | — | ¥-2.6B | ¥253M | ¥-5.6B |
| Net Income (owners) | ¥140.1B | ¥176.4B | ¥151.7B | ¥126.2B |
| Minority Interest | ¥40.9B | ¥44.9B | ¥44.9B | ¥30.5B |
| Comprehensive Income | ¥183.2B | ¥323.1B | ¥224.4B | ¥208.0B |
| EBITDA | ¥380.7B | ¥412.8B | ¥365.0B | ¥289.9B |
| Goodwill Amort. (J-GAAP) | — | ¥4.7B | ¥4.2B | ¥4.3B |
| EPS | ¥183.02 | ¥229.92 | ¥195.75 | ¥162.87 |
| Shares Outstanding | 713.3M | 750.7M | 777.3M | 777.3M |
| Shares Issued (total) | 713.5M | 777.4M | 777.4M | 777.4M |
| Treasury Shares | 0.2M | 26.7M | 0.2M | 0.1M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥3,303.3B | ¥3,263.0B | ¥3,046.8B | ¥2,856.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,815.3B | ¥1,817.6B | ¥1,702.3B | ¥1,490.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥358.7B | ¥400.8B | ¥383.6B | ¥356.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥420.7B | ¥398.6B | ¥371.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,488.0B | ¥1,445.4B | ¥1,344.5B | ¥1,365.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥838.7B | ¥975.7B | ¥935.7B | ¥918.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥15.2B | ¥15.8B | ¥18.0B | ¥20.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥133.4B | ¥89.6B | ¥74.7B | ¥87.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | — | ¥283.6B | ¥218.8B | ¥249.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥46.0B | ¥44.3B | ¥62.0B | ¥55.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,765.7B | ¥1,604.0B | ¥1,536.5B | ¥1,461.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,135.9B | ¥1,083.1B | ¥968.8B | ¥898.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥476.6B | ¥496.8B | ¥436.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥262.5B | ¥204.6B | ¥117.9B | ¥139.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥32.5B | ¥31.3B | ¥27.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥629.7B | ¥520.8B | ¥567.7B | ¥563.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥381.8B | ¥319.3B | ¥365.0B | ¥366.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥86.3B | ¥94.4B | ¥97.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥10.6B | ¥1.4B | ¥4.0B | ¥4.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,537.7B | ¥1,659.0B | ¥1,510.2B | ¥1,394.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥40.6B | ¥40.6B | ¥40.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥42.2B | ¥43.3B | ¥42.0B | ¥42.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥1,162.4B | ¥1,132.2B | ¥1,021.8B | ¥928.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-2.4B | ¥-53.1B | ¥-3.2B | ¥-3.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥128.2B | ¥297.7B | ¥207.3B | ¥185.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥1,372.9B | ¥1,163.0B | ¥1,101.2B | ¥1,008.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥164.8B | ¥198.3B | ¥201.7B | ¥200.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥644.3B | ¥523.9B | ¥482.9B | ¥505.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-285.6B | ¥-123.1B | ¥-99.3B | ¥-149.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥49.7B | ¥213.6B | ¥165.7B | ¥29.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥70 | ¥285 | ¥213 | ¥37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,925 | ¥1,549 | ¥1,417 | ¥1,297 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥254.1B | ¥298.6B | ¥227.1B | ¥172.1B |
| Interest Paid | — | ¥-4.2B | ¥-2.2B | ¥-2.2B |
| Interest Received | — | ¥24.1B | ¥15.1B | ¥10.8B |
| D&A | ¥151.2B | ¥115.0B | ¥107.3B | ¥98.3B |
| Goodwill Amort. | — | ¥4.7B | ¥4.2B | ¥4.3B |
| Investing CF | ¥-202.3B | ¥-155.1B | ¥-80.5B | ¥-420.9B |
| CapEx | ¥158.8B | — | — | — |
| Purchase Investments | — | ¥-6.5B | ¥-121M | ¥-43.0B |
| Proceeds from Invest. | — | ¥5.7B | ¥23.9B | ¥5.5B |
| Financing CF | ¥-90.6B | ¥-145.0B | ¥-140.4B | ¥186.1B |
| Dividends Paid | — | ¥-66.8B | ¥-56.7B | ¥-37.3B |
| Share Buybacks | — | ¥-50.0B | ¥-38M | ¥-2.3B |
| LT Debt Repaid | — | ¥-110.1B | ¥-90.6B | ¥-58.1B |
| Free Cash Flow | ¥95.2B | ¥298.6B | ¥227.1B | ¥172.1B |
| Net Change in Cash | ¥-30.5B | ¥23.9B | ¥24.3B | ¥-45.0B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 9.3% | 12.7% | 12.1% | 11.4% |
| ROA | 4.3% | 5.6% | 5.1% | 4.4% |
| EPS | ¥183.02 | ¥229.92 | ¥195.75 | ¥162.87 |
| DPS | ¥92.00 | ¥92.00 | ¥79.00 | ¥66.00 |
| BPS | ¥2,026.43 | ¥1,951.02 | ¥1,688.01 | ¥1,540.51 |
| FCF/Share | ¥134 | ¥398 | ¥292 | ¥221 |
| NCAV/Share | ¥70 | ¥285 | ¥213 | ¥37 |
| Payout Ratio | 50.3% | 40.0% | 40.4% | 40.5% |
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)
|
106,058 | 14.86% |
| 2 |
Mitsubishi Corporation
三菱商事株式会社
|
63,633 | 8.92% |
| 3 | 伊藤忠自動車投資合同会社 | 52,938 | 7.42% |
| 4 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
51,037 | 7.15% |
| 5 |
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
39,000 | 5.47% |
| 6 | 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) | 17,446 | 2.45% |
| 7 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
11,961 | 1.68% |
| 8 |
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
|
10,090 | 1.41% |
| 9 | 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) | 10,000 | 1.40% |
| 10 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
9,831 | 1.38% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.0%
+2.1% 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
30.1%
+2.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 52.1% · 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 | 14.03% | 13.54% | 14.86% +1.32% | |
| Mitsubishi Corporation 三菱商事 | 8.19% | 8.47% | 8.92% +0.45% | |
| 伊藤忠自動車投資合同会社 | 6.81% | 7.05% | 7.42% +0.37% | |
| Japan Custody Bank 日本カストディ銀行 | 6.83% | 6.40% | 7.15% +0.75% | |
| TOYOTA MOTOR CORPORATION トヨタ自動車 | 5.02% | 5.19% | 5.47% +0.28% | |
| STATE STREET BANK AND TRUST COMPANY 505001 NEW ENTRY | — | — | — | 2.45% NEW |
| STATE STREET BANK WEST CLIENT - TREATY STATE STREET BANK WEST CLIENT - TREATY 505234 | 1.28% | 1.48% | 1.68% +0.20% | |
| Nomura Trust & Banking 野村信託銀行株式会社(投信口) | — | 1.36% | 1.41% +0.05% | |
| 全国共済農業協同組合連合会 NEW ENTRY | 1.29% | — | 1.40% NEW | |
| JP MORGAN CHASE BANK JP MORGAN CHASE BANK 385781 | 1.17% | 1.43% | 1.38% -0.05% | |
| SSBTC CLIENT OMNIBUS ACCOUNT SSBTC CLIENT OMNIBUS ACCOUNT last seen 2024 | Exited Top 10 | — | 1.54% | — |
| JPモルガン証券 last seen 2024 | Exited Top 10 | — | 1.41% | — |
| みずほ銀行 last seen 2023 | Exited Top 10 | 2.05% | — | — |
| JOHN HANCOCK FUNDS III INTERNATIONAL GROWTH FUND last seen 2023 | Exited Top 10 | 1.39% | — | — |
| Concentration (HHI) ⓘ | 393 | 383 | 451 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥143,480M
+14% since 2023
Holdings
54
+3 new
13 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥143,480M total | FY2023 ¥126,287M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
66,651 |
25,478,500
|
47,899 | 25,478,500 | M |
|
SG Holdings Co., Ltd.
SGホールディングス株式会社
|
29,620 |
19,800,000
|
38,808 | 19,800,000 | |
|
NIKKON Holdings Co.,Ltd.
ニッコンホールディングス株式会社
|
9,115 |
+100.0%
↑
3,385,970
|
4,190 | 1,692,985 | |
|
SENKO Group Holdings Co.,Ltd.
センコーグループホールディングス株式会社
|
6,091 |
4,039,689
|
3,817 | 4,039,689 | M |
|
PRESS KOGYO CO.,LTD.
プレス工業株式会社
|
5,674 |
10,151,185
|
5,055 | 10,151,185 | M |
| 日本発条株式会社 | 3,770 |
2,347,499
|
2,223 | 2,347,499 | M |
|
Keisei Electric Railway Co.
京成電鉄株式会社
|
2,582 |
+200.0%
↑
1,916,250
|
2,602 | 638,750 | |
|
FUKUYAMA TRANSPORTING CO., LTD.
福山通運株式会社
|
2,219 |
+0.1%
↑
614,078
|
2,202 | 613,433 | M |
|
SATO SHO-JI CORPORATION
佐藤商事株式会社
|
2,154 |
1,451,077
|
2,063 | 1,451,077 | M |
|
Tonami Holdings Co.,Ltd.
トナミホールディングス株式会社
|
2,007 |
196,643
|
810 | 196,643 | |
|
AICHI CORPORATION
株式会社アイチコーポレーション
|
1,607 |
1,274,473
|
1,014 | 1,274,473 | M |
|
YAMAZAKI BAKING CO., LTD.
山崎製パン株式会社
|
1,497 |
520,064
|
834 | 520,064 | |
|
Hitachi Construction Machinery Co., Ltd.
日立建機株式会社
|
1,440 |
364,870
|
1,121 | 364,870 | |
|
AKEBONO BRAKE INDUSTRY CO.,LTD.
曙ブレーキ工業株式会社
|
1,295 |
12,111,104
|
1,756 | 12,111,104 | |
|
NSK Ltd.
日本精工株式会社
|
1,077 |
1,689,000
|
1,276 | 1,689,000 | M |
| 西尾レントオール株式会社 | 844 |
202,092
|
627 | 202,092 | |
|
TBK Co.,Ltd.
株式会社TBK
|
831 |
2,798,002
|
780 | 2,798,002 | M |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫株式会社
|
690 |
213,000
|
473 | 213,000 | |
|
TOKYO RADIATOR MFG. CO., LTD.
東京ラヂエーター製造株式会社
|
610 |
675,000
|
357 | 675,000 | M |
|
Denyo Co.,Ltd.
デンヨー株式会社
|
514 |
211,000
|
358 | 211,000 | M |
|
Nishi-Nippon Railroad Co.,Ltd.
西日本鉄道株式会社
|
473 |
220,000
|
526 | 220,000 | |
|
Mie Kotsu Group Holdings,Inc.
三重交通グループホールディングス株式会社
|
328 |
653,038
|
365 | 653,038 | |
|
Niigata Kotsu Co., Ltd.
新潟交通株式会社
|
321 |
155,000
|
314 | 155,000 | |
|
DAIDO METAL CO., LTD.
大同メタル工業株式会社
|
292 |
593,000
|
303 | 593,000 | M |
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸株式会社
|
272 |
45,293
|
145 | 45,293 | |
|
SEIBU HOLDINGS INC.
株式会社西武ホールディングス
|
204 |
61,900
|
84 | 61,900 | |
|
AIRMAN CORPORATION
株式会社AIRMAN
|
193 |
NEW
New
101,900
|
— | ||
|
Hiroshima Electric Railway Co.,Ltd.
広島電鉄株式会社
|
181 |
300,000
|
245 | 300,000 | |
|
Kanamoto Co., Ltd.
株式会社カナモト
|
155 |
48,145
|
104 | 48,145 | |
|
FUJI KYUKO CO., LTD.
富士急行株式会社
|
145 |
65,000
|
285 | 65,000 | |
|
Kamigumi Co., Ltd.
株式会社上組
|
143 |
41,000
|
113 | 41,000 | |
|
ITO EN,LTD.
株式会社伊藤園
|
127 |
40,000
|
173 | 40,000 | |
|
CROPS CORPORATION
株式会社クロップス
|
96 |
100,000
|
137 | 100,000 | M |
|
Sotetsu Holdings,Inc.
相鉄ホールディングス
|
71 |
NEW
New
32,882
|
— | ||
|
Keio Corporation
京王電鉄株式会社
|
62 |
16,400
|
76 | 16,400 | |
|
Euglena Co., Ltd.
株式会社ユーグレナ
|
43 |
86,800
|
81 | 86,800 | |
|
LOGINET JAPAN CO.,LTD.
株式会社ロジネットジャパン
|
33 |
10,800
|
35 | 10,800 | |
| 株式会社伊藤園(第1種優先株式) | 22 |
12,000
|
22 | 12,000 | |
|
Okayamaken Freight Transportation Co.,Ltd
岡山県貨物運送株式会社
|
17 |
5,000
|
13 | 5,000 | |
| ダイナミックマップ基盤株式会社 | 14 |
NEW
New
10,000
|
— | ||
| NIPPON EX PRESSホールデ ィングス株式会社 | — | — | |||
|
KYB Corporation
カヤバ株式会社
|
— | — | M | ||
| エア・ウォーター株 式会社 | — | — | |||
| 明治ホールディング ス株式会社 | — | — | |||
| 株式会社C&Fロジ ホールディングス | — | — | |||
| カンダホールディン グス株式会社 | — | — | |||
|
S LINE GROUP CO.,LTD.
株式会社エスライングループ本社
|
— | — | |||
|
JFE Holdings,Inc.
JFEホールディングス株式会社
|
— | — | M | ||
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
— | — | M | ||
|
KANSAI PAINT CO.,LTD.
関西ペイント株式会社
|
— | — | M | ||
|
NOK CORPORATION
NOK株式会社
|
— | — | M | ||
|
APPLE INTERNATIONALCO.,LTD.
アップルインターナショナル株式会社
|
— | — | |||
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
— | — | M | ||
| 三井住友トラスト・ホールディングス株式会社 | — | — | M | ||
|
Keikyu Corporation
京浜急行電鉄株式会社
|
— |
−100%
Exit
—
|
494 | 392,664 | M |
|
Tobu Network Co., Ltd.
東部ネットワーク株式会社
|
— |
−100%
Exit
—
|
17 | 20,000 | |
| NIPPON EXPRESSホールディングス株式会社 | — |
−100%
Exit
—
|
2,113 | 265,130 | |
|
NH Foods Ltd.
日本ハム株式会社
|
— |
−100%
Exit
—
|
1,031 | 269,000 | |
| KYB株式会社 | — |
−100%
Exit
—
|
419 | 104,300 | M |
|
AIR WATER INC.
エア・ウォーター株式会社
|
— |
−100%
Exit
—
|
249 | 150,000 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス株式会社
|
— |
−100%
Exit
—
|
191 | 60,840 | |
| 北越工業株式会社 | — |
−100%
Exit
—
|
142 | 101,900 | |
|
Chilled & Frozen Logistics Holdings Co.,Ltd.
株式会社C&Fロジホールディングス
|
— |
−100%
Exit
—
|
95 | 75,000 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス株式会社
|
— |
−100%
Exit
—
|
95 | 37,305 | M |
|
Sotetsu Holdings,Inc.
相鉄ホールディングス株式会社
|
— |
−100%
Exit
—
|
74 | 32,882 | |
|
Kanda Holdings Co.,Ltd
カンダホールディングス株式会社
|
— |
−100%
Exit
—
|
65 | 56,100 | |
| 株式会社エスライン | — |
−100%
Exit
—
|
16 | 19,885 | |
| Portfolio total | 143,480 | 126,287 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding