7911
TOPPAN Holdings Inc.
ＴＯＰＰＡＮホールディングス株式会社
Other Products
TOPPAN Holdings Inc. develops solutions based on its printing technologies in Japan, Asia, and internationally. It operates through three segments: Information & Communication, Lifestyle & Industry, and Electronics. The Information & Communication segment offers securities in general, bankbooks, cards, business forms, catalogs and other advertising and promotional printed materials, magazines, books, outsourcing, and other publications services. The Lifestyle & Industry segment provides soft packaging materials, paper containers and other packaging, plastic molded products, inks, transparent barrier films, decorative sheets, wallpaper, and other building materials. The Electronics segment offers LCD color filters, TFT LCDs, anti-reflection films, photomasks, and semiconductor package products. The company was formerly known as Toppan Inc. and changed its name to TOPPAN Holdings Inc. in October 2023. TOPPAN Holdings Inc. was founded in 1900 and is headquartered in Tokyo, Japan.
Price
¥4,562
Market Cap
¥1.3T
Ent. Value
¥1.0T
Net Cash
¥301.4B
Shares Out.
293.0M
P / E
15.4×
EV / EBIT
12.3×
P / Book
1.02×
P / NCAV
4.31×
Div. Yield
1.23%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥1,718.0B | ¥1,678.2B | ¥1,638.8B | ¥1,547.5B |
| Cost of Sales | ¥1,304.9B | ¥1,290.9B | ¥1,276.7B | ¥1,212.8B |
| Gross Profit | ¥413.0B | ¥387.3B | ¥362.2B | ¥334.8B |
| SG&A | ¥329.0B | ¥313.1B | ¥285.5B | ¥261.3B |
| Operating Income | ¥84.1B | ¥74.3B | ¥76.6B | ¥73.5B |
| Non-Operating Income | ¥22.5B | ¥23.6B | ¥17.8B | ¥15.0B |
| Dividend Income | ¥4.2B | ¥5.7B | ¥5.5B | ¥5.7B |
| Interest Income | ¥7.5B | ¥4.4B | ¥999M | ¥428M |
| Non-Operating Expenses | ¥18.0B | ¥15.1B | ¥13.3B | ¥12.2B |
| Interest Expense | ¥5.4B | ¥5.2B | ¥4.3B | ¥4.0B |
| Ordinary Income | ¥88.6B | ¥82.8B | ¥81.2B | ¥76.3B |
| Pre-tax Income | ¥184.1B | ¥126.0B | ¥109.6B | ¥180.9B |
| Income Taxes | ¥84.6B | ¥37.9B | ¥33.5B | ¥51.8B |
| Current Tax | ¥92.1B | ¥49.7B | ¥35.7B | ¥51.7B |
| Deferred Tax | ¥-7.5B | ¥-11.8B | ¥-2.2B | ¥122M |
| Net Income (owners) | ¥89.3B | ¥74.4B | ¥60.9B | ¥123.2B |
| Minority Interest | ¥10.1B | ¥13.6B | ¥15.1B | ¥6.0B |
| Comprehensive Income | ¥1.7B | ¥172.7B | ¥13.9B | ¥82.8B |
| EBITDA | ¥165.6B | ¥161.2B | ¥152.1B | ¥140.1B |
| Goodwill Amort. (J-GAAP) | ¥3.7B | ¥3.8B | ¥4.7B | ¥2.4B |
| EPS | ¥295.98 | ¥231.57 | ¥185.07 | ¥365.21 |
| Shares Outstanding | 293.0M | 317.4M | 328.3M | 335.9M |
| Shares Issued (total) | 318.7M | 328.7M | 349.7M | 349.7M |
| Treasury Shares | 25.7M | 11.3M | 21.4M | 13.8M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,515.1B | ¥2,432.9B | ¥2,238.8B | ¥2,288.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,406.9B | ¥1,196.6B | ¥1,106.1B | ¥1,050.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥769.0B | ¥489.9B | ¥431.7B | ¥438.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥439.7B | ¥441.8B | ¥425.2B | ¥428.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,108.2B | ¥1,236.2B | ¥1,132.7B | ¥1,237.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥621.0B | ¥623.5B | ¥597.3B | ¥580.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥22.4B | ¥23.9B | ¥22.9B | ¥27.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥87.3B | ¥91.1B | ¥85.3B | ¥83.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥310.6B | ¥450.6B | ¥393.3B | ¥525.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥43.2B | ¥38.1B | ¥29.5B | ¥27.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,096.5B | ¥865.6B | ¥786.6B | ¥851.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥822.9B | ¥544.2B | ¥467.4B | ¥496.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥131.6B | ¥146.7B | ¥162.5B | ¥151.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥339.9B | ¥55.5B | ¥39.5B | ¥25.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥71.2B | ¥26.7B | ¥12.3B | ¥29.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥273.6B | ¥321.4B | ¥319.3B | ¥354.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥127.7B | ¥153.0B | ¥184.2B | ¥188.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥52.6B | ¥51.4B | ¥53.9B | ¥49.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥36.5B | ¥79.3B | ¥58.9B | ¥100.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,418.6B | ¥1,567.3B | ¥1,452.2B | ¥1,437.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥105.0B | ¥105.0B | ¥105.0B | ¥105.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥120.0B | ¥121.1B | ¥120.8B | ¥125.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥1,047.0B | ¥1,005.1B | ¥988.0B | ¥941.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-114.3B | ¥-46.2B | ¥-43.4B | ¥-26.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥135.9B | ¥231.8B | ¥154.7B | ¥220.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥1,157.6B | ¥1,185.0B | ¥1,170.4B | ¥1,145.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥125.0B | ¥150.5B | ¥127.1B | ¥71.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥467.6B | ¥208.4B | ¥223.8B | ¥214.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥301.4B | ¥281.5B | ¥207.9B | ¥223.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥310.4B | ¥331.1B | ¥319.4B | ¥199.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,060 | ¥1,043 | ¥973 | ¥595 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥3,951 | ¥3,733 | ¥3,565 | ¥3,409 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥64.8B | ¥157.5B | ¥106.1B | ¥64.7B |
| Taxes Paid | ¥-50.6B | ¥-32.4B | ¥-53.9B | ¥-48.7B |
| Interest Paid | ¥-5.3B | ¥-5.3B | ¥-4.3B | ¥-4.0B |
| Interest Received | ¥11.9B | ¥10.4B | ¥7.0B | ¥7.3B |
| D&A | ¥77.8B | ¥83.1B | ¥70.8B | ¥64.2B |
| Goodwill Amort. | ¥3.7B | ¥3.8B | ¥4.7B | ¥2.4B |
| Investing CF | ¥47.0B | ¥-8.7B | ¥-31.4B | ¥32.8B |
| CapEx | ¥123.1B | ¥81.8B | ¥65.4B | ¥42.5B |
| Purchase Investments | ¥-3.9B | ¥-5.7B | ¥-6.9B | ¥-3.9B |
| Financing CF | ¥120.3B | ¥-85.7B | ¥-50.1B | ¥-187.0B |
| Dividends Paid | ¥-14.9B | ¥-15.6B | ¥-15.3B | ¥-13.6B |
| Share Buybacks | ¥-102.7B | ¥-44.9B | ¥-17.0B | ¥-15.7B |
| LT Debt Repaid | ¥-40.6B | ¥-15.5B | ¥-12.7B | ¥-91.4B |
| Free Cash Flow | ¥-58.3B | ¥75.7B | ¥40.7B | ¥22.2B |
| Net Change in Cash | ¥230.3B | ¥75.2B | ¥33.3B | ¥-83.0B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.6% | 5.4% | 4.5% | 9.2% |
| ROA | 3.6% | 3.2% | 2.7% | 5.4% |
| EPS | ¥295.98 | ¥231.57 | ¥185.07 | ¥365.21 |
| DPS | ¥56.00 | ¥48.00 | ¥46.00 | ¥44.00 |
| BPS | ¥4,471.44 | ¥4,516.98 | ¥4,059.82 | ¥4,089.58 |
| FCF/Share | ¥-199 | ¥239 | ¥124 | ¥66 |
| NCAV/Share | ¥1,060 | ¥1,043 | ¥973 | ¥595 |
| Payout Ratio | 18.9% | 20.7% | 24.9% | 12.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 9
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-14
15:30
|
Buyback | ¥50.0B 4.9% | TOPPAN Holdings resolved on May 14, 2026 to acquire up to 14 million shares (4.90% of outstanding shares) for a maximum … | |
|
Summary
TOPPAN Holdings resolved on May 14, 2026 to acquire up to 14 million shares (4.90% of outstanding shares) for a maximum of ¥50 billion through open market purchases on the Tokyo Stock Exchange. The buyback program runs from May 15, 2026 through May 14, 2027 and aims to enhance shareholder returns and improve capital efficiency.
Deadline: 2027-05-14
% of Shares: 4.9%
Shares: 14,000,000
Source (JP)
自己株式の取得を決議いたしました。取得する株式の総数 1,400万株（上限）（発行済株式総数（自己株式を除く）に対する割合 4.90％）株式の取得価額の総額 500億円（上限）取得期間 2026年５月15日から2027年５月14日まで
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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|
2026-05-14
15:30
|
Div Increase | ¥30.0/sh +4% | TOPPAN Holdings increased its FY2026 March period final dividend forecast by 2 yen per share from 28 yen to 30 yen, brin… | |
|
Summary
TOPPAN Holdings increased its FY2026 March period final dividend forecast by 2 yen per share from 28 yen to 30 yen, bringing the full-year dividend to 58 yen per share. The increase reflects strong business performance and management's commitment to stable profit returns to shareholders while supporting the company's sustainable growth. This represents a 3.57% increase in annual DPS compared to the FY2025 actual dividend of 56 yen.
YoY: +4%
Source (JP)
2026年３月期の期末配当につきましては、１株当たり28円を予定しておりましたが、業績等の状況を勘案し株主の皆様の日頃のご支援にお応えするべく、２円増配して１株当たり30円とすることといたしました。
配当予想の修正（増配）に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社信託口
|
48,238 | 16.46% |
| 2 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行信託口
|
17,547 | 5.99% |
| 3 |
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)
|
15,002 | 5.12% |
| 4 |
artience
artience株式会社
|
8,492 | 2.90% |
| 5 | 株式会社講談社 | 6,710 | 2.29% |
| 6 |
Employee Stock Ownership Plan
従業員持株会
|
5,569 | 1.90% |
| 7 |
Business Partner Stock Ownership Plan
TOPPANホールディングス取引先持株会
|
5,209 | 1.78% |
| 8 |
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)
|
5,120 | 1.75% |
| 9 |
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)
|
5,042 | 1.72% |
| 10 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 380055(常任代理人 株式会社みずほ銀行決済営業部)
|
4,596 | 1.57% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.4%
+2.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.0%
+1.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
14.0%
-0.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.5% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 15.35% | 15.19% | 16.46% +1.27% | |
| 日本カストディ銀行 | 5.36% | 5.07% | 5.99% +0.92% | |
| Nippon Life Insurance 日本生命保険 | 4.57% | 4.73% | 5.12% +0.39% | |
| State Street | 2.70% | 1.54% | 3.47% +1.93% | |
| artience | — | 2.99% | 2.90% -0.09% | |
| 式会社講談社 | 2.04% | 2.11% | 2.29% +0.18% | |
| Employee Stock Ownership Plan 従業員持株会 | 2.07% | 1.89% | 1.90% +0.01% | |
| Business Partner Stock Ownership Plan TOPPANホールディングス取引先持株会 | — | 1.73% | 1.78% +0.05% | |
| JP Morgan | — | 1.69% | 1.57% -0.12% | |
| Asahi Newspaper Co. 式会社朝日新聞社 last seen 2024 | Exited Top 10 | — | 1.22% | — |
| 第一生命保険 last seen 2023 | Exited Top 10 | 2.51% | — | — |
| 凸版印刷取引先持株会 last seen 2023 | Exited Top 10 | 1.83% | — | — |
| 東洋インキＳＣホールディングス last seen 2023 | Exited Top 10 | 2.89% | — | — |
| Concentration (HHI) ⓘ | 319 | 305 | 368 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥81,868M
-68% since 2023
Holdings
36
+18 new
46 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥81,868M total | FY2023 ¥254,209M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Recruit Holdings Co., Ltd.
株式会社リクルートホールディングス
|
27,182 |
-85.9%
↓
3,550,000
|
91,615 | 25,100,000 | M |
|
TBS Holdings Co., Ltd.
株式会社TBSホールディングス
|
9,473 |
NEW
New
2,221,700
|
— | M | |
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬株式会社
|
7,151 |
+0.5%
↑
1,767,212
|
6,644 | 1,757,720 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
6,461 |
NEW
New
3,213,225
|
— | M | |
|
FUJIFILM Holdings Corporation
富士フイルムホールディングス株式会社
|
5,357 |
+133.4%
↑
1,883,400
|
5,405 | 807,000 | M |
| MS ADインシュアランスグループホールディングス株式会社 | 4,858 |
+164.7%
↑
1,506,450
|
2,336 | 569,050 | M |
|
Oji Holdings Corporation
王子ホールディングス株式会社
|
4,231 |
6,746,000
|
3,534 | 6,746,000 | M |
|
SCREEN Holdings Co., Ltd.
株式会社SCREENホールディングス
|
3,413 |
NEW
New
355,800
|
— | M | |
|
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
|
2,823 |
+110.2%
↑
744,036
|
1,875 | 354,012 | M |
| 第一生命ホールディングス株式会社 | 2,451 |
+0.2%
↑
2,163,600
|
5,259 | 2,159,900 | M |
|
NISSHIN SEIFUN GROUP INC.
株式会社日清製粉グループ本社
|
2,239 |
1,294,095
|
2,007 | 1,294,095 | M |
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
1,333 |
329,060
|
617 | 329,060 | M |
|
Rengo Co., Ltd.
レンゴー株式会社
|
962 |
1,214,912
|
1,043 | 1,214,912 | M |
|
Tomagawa Corporation Co., Ltd.
株式会社巴川コーポレーション
|
819 |
NEW
New
1,139,400
|
— | M | |
|
DMS INC.
株式会社ディーエムエス
|
716 |
NEW
New
250,000
|
— | M | |
|
FUJI MEDIA HOLDINGS, INC.
株式会社フジ・メディア・ホールディングス
|
515 |
NEW
New
202,100
|
— | M | |
|
SHIBAURA MACHINE CO., LTD.
芝浦機械株式会社
|
425 |
NEW
New
118,800
|
— | M | |
|
The 77Bank,Ltd.
株式会社七十七銀行
|
319 |
NEW
New
67,154
|
— | M | |
|
譬ｪ蠑丈ｼ夂､ｾ�ｽ会ｽ難ｽ撰ｽ��ｽ��ｽ�
株式会社ispace
|
263 |
NEW
New
349,580
|
— | ||
|
Japan Pulp & Paper Co., Ltd.
日本紙パルプ商事株式会社
|
245 |
NEW
New
407,650
|
— | M | |
|
譬ｪ蠑丈ｼ夂､ｾ�ｼｬ�ｽ会ｽゑｽ��ｽ抵ｽ��ｽ暦ｽ��ｽ抵ｽ�
株式会社Liberaware
|
197 |
NEW
New
190,000
|
— | ||
|
MEDIA DO Co., Ltd.
株式会社メディアドゥ
|
132 |
NEW
New
80,000
|
— | ||
|
alt Inc.
株式会社オルツ
|
112 |
NEW
New
220,000
|
— | ||
|
HAZAMA ANDO CORPORATION
株式会社安藤・間
|
85 |
NEW
New
62,805
|
— | M | |
|
譬ｪ蠑丈ｼ夂､ｾ�ｼｰ�ｽ茨ｽ擾ｽ費ｽ擾ｽ難ｽ呻ｽ趣ｽ費ｽ�
株式会社Photosynth
|
47 |
NEW
New
153,200
|
— | ||
|
DIC Corporation
DIC株式会社
|
45 |
NEW
New
15,000
|
— | M | |
|
Hokuetsu Corporation
北越コーポレーション株式会社
|
11 |
NEW
New
9,715
|
— | M | |
|
UNITIKA LTD.
ユニチカ株式会社
|
3 |
NEW
New
20,000
|
— | M | |
| ピクシーダストテクノロジーズ株式会社 | — | — | |||
|
Sharp Corporation
シャープ株式会社
|
— | — | |||
|
KPP GROUP HOLDINGS CO., LTD.
KPPグループホールディングス株式会社
|
— | — | M | ||
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス株式会社
|
— | — | |||
|
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業株式会社
|
— | — | |||
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業株式会社
|
— | — | |||
|
AS ONE CORPORATION
アズワン株式会社
|
— | — | |||
|
Sanrio Company, Ltd.
株式会社サンリオ
|
— | — | |||
|
Isetan Mitsukoshi Holdings Ltd.
株式会社三越伊勢丹ホールディングス
|
— |
−100%
Exit
—
|
1,213 | 818,600 | M |
|
KOSAIDO Holdings Co., Ltd.
株式会社広済堂ホールディングス
|
— |
−100%
Exit
—
|
931 | 396,090 | M |
|
TERUMO CORPORATION
テルモ株式会社
|
— |
−100%
Exit
—
|
19,539 | 5,467,000 | M |
|
譬ｪ蠑丈ｼ夂､ｾ繝吶Ν繧ｷ繧ｹ繝�繝�ｼ抵ｼ斐�帙�ｼ繝ｫ繝�繧｣繝ｳ繧ｰ繧ｹ
株式会社ベルシステム24ホールディングス
|
— |
−100%
Exit
—
|
15,263 | 10,570,000 | |
|
TIS Inc.
ＴＩＳ株式会社
|
— |
−100%
Exit
—
|
11,488 | 3,291,900 | M |
|
HONDA MOTOR CO., LTD.
本田技研工業株式会社
|
— |
−100%
Exit
—
|
9,947 | 2,834,000 | M |
|
KDDI CORPORATION
ＫＤＤＩ株式会社
|
— |
−100%
Exit
—
|
5,943 | 1,452,000 | |
|
Kao Corporation
花王株式会社
|
— |
−100%
Exit
—
|
5,477 | 1,060,000 | |
|
TOYO SUISAN KAISHA, LTD.
東洋水産株式会社
|
— |
−100%
Exit
—
|
5,178 | 933,000 | M |
|
TBS Holdings Co., Ltd.
株式会社ＴＢＳホールディングス
|
— |
−100%
Exit
—
|
4,232 | 2,221,700 | M |
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業株式会社
|
— |
−100%
Exit
—
|
4,168 | 195,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱ＵＦＪフィナンシャル・グループ
|
— |
−100%
Exit
—
|
3,891 | 4,589,225 | M |
|
PIA CORPORATION
ぴあ株式会社
|
— |
−100%
Exit
—
|
3,491 | 1,087,709 | |
|
Lion Corporation
ライオン株式会社
|
— |
−100%
Exit
—
|
3,381 | 2,363,000 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
|
— |
−100%
Exit
—
|
3,146 | 133,000 | M |
|
SCREEN Holdings Co., Ltd.
株式会社ＳＣＲＥＥＮホールディングス
|
— |
−100%
Exit
—
|
3,108 | 266,800 | M |
|
KIKKOMAN CORPORATION
キッコーマン株式会社
|
— |
−100%
Exit
—
|
3,081 | 457,191 | M |
|
KADOKAWA CORPORATION
株式会社ＫＡＤＯＫＡＷＡ
|
— |
−100%
Exit
—
|
2,675 | 949,584 | M |
|
EZAKI GLICO CO.,LTD.
江崎グリコ株式会社
|
— |
−100%
Exit
—
|
2,624 | 787,026 | M |
|
KOBAYASHI PHARMACEUTICAL CO.,LTD.
小林製薬株式会社
|
— |
−100%
Exit
—
|
2,409 | 297,881 | M |
| SES-imagotag | — |
−100%
Exit
—
|
1,815 | 113,865 | |
|
TAKARA HOLDINGS INC.
宝ホールディングス株式会社
|
— |
−100%
Exit
—
|
1,737 | 1,700,000 | M |
|
TAISHO PHARMACEUTICAL HOLDINGS CO., LTD.
大正製薬ホールディングス株式会社
|
— |
−100%
Exit
—
|
1,656 | 300,000 | M |
|
Morinaga&Co.,Ltd.
森永製菓株式会社
|
— |
−100%
Exit
—
|
1,376 | 366,600 | |
|
T&D Holdings, Inc.
株式会社Ｔ＆Ｄホールディングス
|
— |
−100%
Exit
—
|
1,341 | 817,700 | M |
|
NISSIN FOODS HOLDINGS CO.,LTD.
日清食品ホールディングス株式会社
|
— |
−100%
Exit
—
|
1,334 | 110,000 | |
|
WACOAL HOLDINGS CORP.
株式会社ワコールホールディングス
|
— |
−100%
Exit
—
|
1,058 | 425,500 | M |
|
Keio Corporation
京王電鉄株式会社
|
— |
−100%
Exit
—
|
1,025 | 220,800 | M |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社株式会社
|
— |
−100%
Exit
—
|
922 | 328,200 | |
|
UCHIDA YOKO CO., LTD.
株式会社内田洋行
|
— |
−100%
Exit
—
|
872 | 177,600 | M |
|
BULL-DOG SAUCE CO.,LTD.
ブルドックソース株式会社
|
— |
−100%
Exit
—
|
817 | 427,484 | M |
| 株式会社巴川製紙所 | — |
−100%
Exit
—
|
779 | 1,139,400 | M |
|
SENSHUKAI CO.,LTD.
株式会社千趣会
|
— |
−100%
Exit
—
|
744 | 1,838,147 | M |
|
NAGATANIEN HOLDINGS CO.,LTD.
株式会社永谷園ホールディングス
|
— |
−100%
Exit
—
|
741 | 354,500 | |
|
Meiji Holdings Co., Ltd.
明治ホールディングス株式会社
|
— |
−100%
Exit
—
|
739 | 117,214 | M |
|
TSUMURA & CO.
株式会社ツムラ
|
— |
−100%
Exit
—
|
738 | 280,804 | M |
|
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
大阪有機化学工業株式会社
|
— |
−100%
Exit
—
|
706 | 327,600 | M |
|
DAITO TRUST CONSTRUCTION CO.,LTD.
大東建託株式会社
|
— |
−100%
Exit
—
|
659 | 50,000 | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
— |
−100%
Exit
—
|
596 | 200,000 | M |
|
PILOT CORPORATION
株式会社パイロットコーポレーション
|
— |
−100%
Exit
—
|
479 | 111,600 | |
|
Daishowa Paper Manufacturing Co., Ltd.
大王製紙株式会社
|
— |
−100%
Exit
—
|
470 | 455,000 | M |
|
Aica Kogyo Company, Limited
アイカ工業株式会社
|
— |
−100%
Exit
—
|
449 | 148,082 | M |
|
The Chiba Bank, Ltd.
株式会社千葉銀行
|
— |
−100%
Exit
—
|
448 | 525,000 | M |
|
Iyogin Holdings,Inc.
株式会社いよぎんホールディングス (注)４
|
— |
−100%
Exit
—
|
421 | 560,000 | M |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード株式会社
|
— |
−100%
Exit
—
|
388 | 264,200 | M |
| 三井住友トラスト・ホールディングス株式会社 | — |
−100%
Exit
—
|
379 | 83,492 | M |
| Portfolio total | 81,868 | 254,209 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding