8012
NAGASE & CO., LTD.
長瀬産業株式会社
Wholesale Trade
Nagase & Co., Ltd. manufactures, imports/exports, and sells chemicals, plastics, electronics materials, cosmetics, and health foods worldwide. It offers paints/inks, dyestuffs, pigments, additives, thermal paper materials, toner, inkjet materials, adhesives, urethane materials, plastic and other auxiliary materials, industrial oil solutions, water processing raw materials, fluorochemicals, silicone materials, environmental solutions, metal filters, coatings, urethane foam, synthesis, electronics chemicals, digital print processing materials, communications equipment, metal processing, stationery, functional film and sheet, and hygiene materials. It also provides thermoplastic and thermosetting resins, resin molding tools/dies, and products for office equipment, home appliances, electrical equipment, mobile communications, games, packaging, and construction materials. The company offers epoxy resins, fluorine products, precision abrasives, semiconductor assembly materials and devices, display panel components and devices, chemical management equipment, vacuum equipment, liquid state analysis equipment, LEDs, 3D printing products, solar panels, and electronic component materials for AR/VR, electrical, HDD, automotive and aircraft, display, touch panels, housing, lighting, renewable energy, and commercial facilities. It provides plastic products for secondary batteries, electrification, sensor components, in-vehicle electronics products, in-vehicle display-related components, and other related products. The company offers pharmaceutical materials, research products, diagnostic reagents, food ingredients and additives, sports nutrition products, nutrient premixes, cosmetic materials and additives, and agricultural, fisheries, and other materials to the pharmaceutical, food and beverage, cosmetics, agricultural, toiletries, health care, and other industries. The company was founded in 1832 and is headquartered in Osaka, Japan.
Price
¥1,126
Market Cap
¥122.4B
Ent. Value
¥202.0B
Net Debt
−¥79.6B
Shares Out.
108.7M
P / E
14.3×
EV / EBIT
4.5×
P / Book
1.08×
P / NCAV
0.95×
Div. Yield
4.00%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥972.8B | ¥945.0B | ¥900.1B | ¥912.9B | ¥780.6B |
| Cost of Sales | ¥785.1B | ¥763.7B | ¥735.4B | ¥757.5B | ¥641.1B |
| Gross Profit | ¥187.7B | ¥181.3B | ¥164.7B | ¥155.4B | ¥139.5B |
| SG&A | ¥143.0B | ¥142.2B | ¥134.1B | ¥122.0B | ¥104.2B |
| Operating Income | ¥44.7B | ¥39.1B | ¥30.6B | ¥33.4B | ¥35.3B |
| Non-Operating Income | ¥4.5B | ¥4.8B | ¥4.3B | ¥3.0B | ¥3.9B |
| Dividend Income | — | ¥1.9B | ¥1.6B | ¥1.5B | ¥1.4B |
| Interest Income | — | ¥1.0B | ¥610M | ¥197M | ¥156M |
| Non-Operating Expenses | — | ¥5.5B | ¥4.3B | ¥3.8B | ¥2.7B |
| Interest Expense | — | ¥3.7B | ¥3.7B | ¥3.2B | ¥1.2B |
| Ordinary Income | ¥44.1B | ¥38.4B | ¥30.6B | ¥32.5B | ¥36.5B |
| Pre-tax Income | ¥46.0B | ¥38.1B | ¥32.7B | ¥33.1B | ¥39.6B |
| Income Taxes | ¥12.1B | ¥11.9B | ¥9.8B | ¥8.9B | ¥12.7B |
| Current Tax | — | ¥11.0B | ¥10.6B | ¥9.6B | ¥12.8B |
| Deferred Tax | — | ¥901M | ¥-815M | ¥-694M | ¥-141M |
| Net Income (owners) | ¥33.1B | ¥25.5B | ¥22.4B | ¥23.6B | ¥25.9B |
| Minority Interest | — | ¥748M | ¥450M | ¥584M | ¥932M |
| Comprehensive Income | — | ¥32.3B | ¥46.3B | ¥38.0B | ¥28.6B |
| EBITDA | ¥61.4B | ¥57.1B | ¥47.2B | ¥48.3B | ¥49.0B |
| Goodwill Amort. (J-GAAP) | — | ¥2.7B | ¥2.6B | ¥2.5B | ¥2.5B |
| EPS | ¥78.89 | ¥230.39 | ¥194.96 | ¥199.54 | ¥213.46 |
| Shares Outstanding | — | 108.7M | 114.1M | 117.4M | 120.0M |
| Shares Issued (total) | — | 114.9M | 117.9M | 117.9M | 120.9M |
| Treasury Shares | — | 6.2M | 3.9M | 0.5M | 0.9M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥871.5B | ¥808.1B | ¥792.3B | ¥762.7B | ¥739.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥566.3B | ¥560.1B | ¥542.5B | ¥530.1B | ¥514.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥45.6B | ¥66.3B | ¥59.4B | ¥40.9B | ¥54.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥311.3B | ¥321.1B | ¥261.4B | ¥253.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥305.2B | ¥248.0B | ¥249.9B | ¥232.6B | ¥225.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥124.0B | ¥91.7B | ¥87.4B | ¥82.1B | ¥72.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥25.4B | ¥27.9B | ¥29.0B | ¥29.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥65.8B | ¥69.3B | ¥68.9B | ¥65.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥87.6B | ¥72.0B | ¥76.2B | ¥69.7B | ¥75.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥5.7B | ¥4.6B | ¥3.9B | ¥3.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥437.5B | ¥401.7B | ¥391.0B | ¥384.3B | ¥384.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥297.0B | ¥269.6B | ¥302.7B | ¥286.2B | ¥307.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥151.3B | ¥156.4B | ¥140.4B | ¥149.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥35.2B | ¥48.3B | ¥57.7B | ¥67.2B | ¥81.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥3.8B | ¥5.2B | ¥2.9B | ¥7.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥140.5B | ¥132.1B | ¥88.3B | ¥98.1B | ¥76.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥90.0B | ¥93.5B | ¥47.5B | ¥62.7B | ¥48.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥12.3B | ¥12.3B | ¥13.2B | ¥13.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥13.3B | ¥13.6B | ¥10.4B | ¥12.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥434.0B | ¥406.5B | ¥401.3B | ¥378.4B | ¥355.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥9.7B | ¥9.7B | ¥9.7B | ¥9.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥9.3B | ¥9.3B | ¥10.6B | ¥10.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥321.1B | ¥312.2B | ¥303.3B | ¥290.3B | ¥280.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-19.6B | ¥-9.5B | ¥-1.6B | ¥-1.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥87.3B | ¥81.2B | ¥58.6B | ¥45.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥313.9B | ¥311.7B | ¥312.8B | ¥309.1B | ¥298.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥7.4B | ¥7.2B | ¥10.7B | ¥10.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥125.2B | ¥141.8B | ¥105.2B | ¥129.9B | ¥130.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-79.6B | ¥-75.5B | ¥-45.8B | ¥-89.0B | ¥-75.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥128.8B | ¥158.4B | ¥151.4B | ¥145.8B | ¥129.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,457 | ¥1,328 | ¥1,242 | ¥1,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,866 | ¥2,743 | ¥2,632 | ¥2,490 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥47.8B | ¥36.3B | ¥73.0B | ¥9.4B | ¥-17.8B |
| Interest Paid | — | ¥-3.7B | ¥-3.9B | ¥-3.1B | ¥-1.2B |
| Interest Received | — | ¥3.7B | ¥2.6B | ¥2.4B | ¥1.9B |
| D&A | ¥16.6B | ¥15.3B | ¥14.0B | ¥12.4B | ¥11.2B |
| Goodwill Amort. | — | ¥2.7B | ¥2.6B | ¥2.5B | ¥2.5B |
| Investing CF | ¥-46.5B | ¥-11.6B | ¥-11.6B | ¥-8.0B | ¥-7.7B |
| CapEx | ¥25.4B | ¥12.6B | ¥14.0B | ¥12.0B | ¥8.8B |
| Purchase Investments | — | ¥-953M | ¥-623M | ¥-437M | ¥-1.3B |
| Proceeds from Invest. | — | ¥3.3B | ¥7.2B | ¥7.5B | ¥7.7B |
| Financing CF | ¥-25.4B | ¥-18.2B | ¥-48.0B | ¥-17.2B | ¥27.3B |
| Dividends Paid | — | ¥-9.6B | ¥-9.3B | ¥-7.2B | ¥-5.9B |
| Share Buybacks | — | ¥-17.0B | ¥-8.0B | ¥-5.7B | ¥-6.0B |
| LT Debt Repaid | — | ¥-6.9B | ¥-1.1B | ¥-8.6B | ¥-12.0B |
| Free Cash Flow | ¥22.5B | ¥23.8B | ¥58.9B | ¥-2.6B | ¥-26.6B |
| Net Change in Cash | — | ¥6.7B | ¥18.9B | ¥-12.8B | ¥4.8B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 7.9% | 6.4% | 5.9% | 6.6% | 7.7% |
| ROA | 3.9% | 3.2% | 2.9% | 3.1% | 3.5% |
| EPS | ¥78.89 | ¥230.39 | ¥194.96 | ¥199.54 | ¥213.46 |
| DPS | ¥45.00 | ¥90.00 | ¥80.00 | ¥70.00 | ¥54.00 |
| BPS | ¥1,043.19 | ¥3,679.09 | ¥3,463.84 | ¥3,139.26 | ¥2,868.22 |
| FCF/Share | — | ¥219 | ¥517 | ¥-22 | ¥-222 |
| NCAV/Share | — | ¥1,457 | ¥1,328 | ¥1,242 | ¥1,080 |
| Payout Ratio | 57.0% | 39.1% | 41.0% | 35.1% | 25.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
| # | 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㈱(信託口)
|
13,682 | 12.58% |
| 2 |
Japan Custody Bank
㈱日本カストディ銀行(信託口)
|
6,964 | 6.40% |
| 3 | 長瀬産業自社株投資会 | 3,847 | 3.54% |
| 4 |
Nippon Life Insurance
日本生命保険相互会社
|
3,589 | 3.30% |
| 5 | 三井住友信託銀行㈱ | 3,350 | 3.08% |
| 6 | 長瀬 令子 | 3,281 | 3.02% |
| 7 |
Sumitomo Mitsui Banking Corporation
㈱三井住友銀行
|
2,918 | 2.68% |
| 8 | ㈱長瀬舜造 | 2,688 | 2.47% |
| 9 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 ㈱みずほ銀行決済営業部)
|
2,528 | 2.33% |
| 10 |
CGML PB CLIENT ACCOUNT/COLLATERAL
CGML PB CLIENT ACCOUNT/COLLATERAL (常任代理人 シティバンク、エヌ・エイ東京支店)
|
2,223 | 2.04% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.1%
+0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.3%
+0.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.1%
-0.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.4% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 12.84% | 12.35% | 12.58% +0.23% | |
| Japan Custody Bank 日本カストディ銀行 | 4.28% | 4.65% | 6.40% +1.75% | |
| 長瀬産業自社株投資会 | 2.97% | 3.22% | 3.54% +0.32% | |
| Nippon Life Insurance 日本生命保険 | 3.06% | 3.15% | 3.30% +0.15% | |
| 三井住友信託銀行 | 4.07% | 4.19% | 3.08% -1.11% | |
| 長瀬 令子 | 2.98% | 3.06% | 3.02% -0.04% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 3.73% | 3.84% | 2.68% -1.16% | |
| ㈱長瀬舜造 | 2.29% | 2.36% | 2.47% +0.11% | |
| State Street | — | 1.87% | 2.33% +0.46% | |
| CGML PB CLIENT ACCOUNT/COLLATERAL | — | 1.85% | 2.04% +0.19% | |
| Northern Trust last seen 2023 | Exited Top 10 | 6.54% | — | — |
| Concentration (HHI) ⓘ | 289 | 249 | 264 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥54,186M
+1% since 2023
Holdings
65
+20 new
15 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥54,186M total | FY2023 ¥53,820M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
NIPPON PAINT HOLDINGS CO.,LTD.
日本ペイントホールディングス㈱
|
5,779 |
-25.9%
↓
5,155,510
|
8,610 | 6,955,510 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
5,197 |
322,000
|
7,616 | 322,000 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
5,192 |
+200.0%
↑
1,368,300
|
2,416 | 456,100 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
4,180 |
NEW
New
1,123,788
|
— | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
3,418 |
NEW
New
1,700,000
|
— | ||
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
3,312 |
+300.0%
↑
1,901,596
|
2,510 | 475,399 | M |
|
Shionogi & Co.,Ltd.
塩野義製薬㈱
|
2,996 |
+200.0%
↑
1,334,169
|
2,658 | 444,723 | |
|
FUJIMI INCORPORATED
㈱フジミインコーポレーテッド
|
2,358 |
+200.0%
↑
1,246,590
|
3,033 | 415,530 | M |
|
DAICEL CORPORATION
㈱ダイセル
|
2,119 |
1,633,500
|
1,633 | 1,633,500 | M |
|
FUKUVI CHEMICAL INDUSTRY CO.,LTD.
フクビ化学工業㈱
|
2,028 |
2,464,308
|
1,426 | 2,464,308 | M |
|
NICCA CHEMICAL CO.,LTD.
日華化学㈱
|
1,848 |
1,407,910
|
1,216 | 1,407,910 | M |
|
NIPPON KAYAKU CO.,LTD.
日本化薬㈱
|
1,277 |
904,610
|
1,082 | 904,610 | M |
|
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
|
1,124 |
188,633
|
474 | 188,633 | M |
|
ADEKA CORPORATION
㈱ADEKA
|
880 |
327,500
|
739 | 327,500 | M |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱
|
854 |
-83.8%
↓
400,326
|
4,431 | 2,478,222 | M |
|
Sumitomo Bakelite Company Limited
住友ベークライト㈱
|
769 |
+100.0%
↑
231,000
|
595 | 115,500 | |
|
Carlit Co.,Ltd.
㈱カーリット
|
740 |
NEW
New
700,000
|
— | M | |
|
Dexerials Corporation
デクセリアルズ㈱
|
680 |
+200.0%
↑
375,000
|
336 | 125,000 | |
| ユシロ化学工業㈱ (注)4 | 618 |
NEW
New
321,286
|
— | M | |
|
Dainichiseika Color & Chemicals Mfg. Co., Ltd.
大日精化工業㈱
|
612 |
203,986
|
363 | 203,986 | M |
|
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業㈱
|
584 |
365,000
|
1,008 | 365,000 | M |
|
Nippon Fine Chemical Co., Ltd.
日本精化㈱
|
544 |
272,006
|
711 | 272,006 | M |
|
KASAI KOGYO CO .,LTD.
河西工業㈱
|
540 |
5,404,961
|
1,113 | 5,404,961 | |
|
NOK CORPORATION
NOK㈱
|
490 |
224,000
|
327 | 224,000 | M |
|
Okura Industrial Co.,Ltd.
大倉工業㈱
|
455 |
117,205
|
239 | 117,205 | M |
|
Stanley Electric Co.,Ltd.
スタンレー電気㈱
|
427 |
152,500
|
446 | 152,500 | |
|
DIC Corporation
DIC㈱
|
354 |
116,579
|
277 | 116,579 | M |
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
329 |
233,296
|
287 | 233,296 | M |
|
Riken Vitamin Co., Ltd.
理研ビタミン㈱
|
314 |
130,000
|
249 | 130,000 | M |
|
YUKI GOSEI KOGYO CO.,LTD.
有機合成薬品工業㈱
|
291 |
1,098,700
|
326 | 1,098,700 | |
|
Kyoto Financial Group, Inc.
㈱京都フィナンシャルグループ
|
284 |
NEW
New
125,032
|
— | ||
|
DKS Co. Ltd.
第一工業製薬㈱
|
280 |
102,100
|
192 | 102,100 | M |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
272 |
100,000
|
157 | 100,000 | |
|
NOF CORPORATION
日油㈱
|
253 |
+211.9%
↑
125,737
|
248 | 40,309 | |
|
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㈱
|
230 |
+155.1%
↑
71,496
|
115 | 28,032 | |
|
artience Co., Ltd.
artience㈱
|
229 |
NEW
New
74,529
|
— | M | |
|
KYOWA LEATHER CLOTH CO.,LTD
共和レザー㈱
|
212 |
301,000
|
157 | 301,000 | M |
|
sanko gosei ltd.
三光合成㈱
|
196 |
298,000
|
180 | 298,000 | |
|
Sekisui Kasei Co.,Ltd.
積水化成品工業㈱
|
178 |
500,312
|
208 | 500,312 | |
|
FUJIKURA KASEI CO,.LTD.
藤倉化成㈱
|
173 |
338,700
|
148 | 338,700 | M |
|
Kyushu Financial Group,Inc.
㈱九州フィナンシャルグループ
|
163 |
221,602
|
105 | 221,602 | |
|
ISHIHARA CHEMICAL CO.,LTD.
石原ケミカル㈱
|
126 |
NEW
New
60,000
|
— | M | |
|
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
大阪有機化学工業㈱
|
122 |
50,000
|
107 | 50,000 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
122 |
NEW
New
21,285
|
— | ||
|
Achilles Co., Ltd.
アキレス㈱
|
117 |
83,407
|
113 | 83,407 | M |
|
Isamu Paint co., Ltd.
イサム塗料㈱
|
108 |
33,400
|
90 | 33,400 | M |
|
Nippon Pigment Holdings Company Limited
㈱日本ピグメントホールディングス
|
101 |
NEW
New
32,697
|
— | ||
|
PILOT CORPORATION
㈱パイロットコーポレーション
|
82 |
20,000
|
86 | 20,000 | M |
|
THE SHIGA BANK,LTD.
㈱滋賀銀行
|
78 |
NEW
New
14,876
|
— | M | |
|
GUNZE LIMITED
グンゼ㈱
|
63 |
NEW
New
12,100
|
— | ||
|
Tokai Senko K.K.
東海染工㈱
|
62 |
-43.2%
↓
65,608
|
130 | 115,608 | M |
|
Kikusui Chemical Industry Co., Ltd.
菊水化学工業㈱
|
61 |
NEW
New
162,400
|
— | M | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
60 |
NEW
New
15,000
|
— | ||
|
THE JAPAN WOOL TEXTILE CO., LTD.
日本毛織㈱
|
58 |
NEW
New
37,855
|
— | M | |
| ㈱ | 50 |
NEW
New
12,907
|
— | M | |
| 第一生命ホールディングス㈱ | 50 |
NEW
New
11,100
|
— | ||
|
The Bank of Iwate,Ltd.
㈱岩手銀行
|
40 |
NEW
New
12,870
|
— | M | |
|
KOITO MANUFACTURING CO.,LTD.
㈱小糸製作所
|
40 |
NEW
New
22,000
|
— | ||
|
Daitoh Chemix Co., Ltd.
ダイトーケミックス㈱
|
35 |
NEW
New
58,080
|
— | M | |
|
SOTOHCO.,LTD.
㈱ソトー
|
32 |
NEW
New
47,000
|
— | ||
|
Kao Corporation
花王㈱
|
— | — | |||
|
JSR Corporation
JSR㈱
|
— | — | |||
|
Resonac Holdings Corporation
㈱レゾナック・ホールディングス
|
— | — | |||
|
Mitsuboshi Belting Ltd.
三ツ星ベルト㈱
|
— | — | |||
|
Tokushu Tokai Paper Co.,Ltd.
特種東海製紙㈱
|
— | — | |||
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
3,085 | 679,494 | |
| ㈱三菱UFJフィナンシャル・グル-プ | — |
−100%
Exit
—
|
1,441 | 1,700,000 | |
|
VALQUA , LTD.
㈱バルカー
|
— |
−100%
Exit
—
|
689 | 200,151 | M |
| カーリットホールディングス㈱ | — |
−100%
Exit
—
|
485 | 700,000 | M |
|
ISHIHARA SANGYO KAISHA, LTD.
石原産業㈱
|
— |
−100%
Exit
—
|
293 | 263,121 | |
| ユシロ化学工業㈱ | — |
−100%
Exit
—
|
270 | 315,932 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
— |
−100%
Exit
—
|
251 | 26,136 | |
|
SANYO CHEMICAL INDUSTRIES,LTD.
三洋化成工業㈱
|
— |
−100%
Exit
—
|
217 | 50,840 | M |
|
The Bank of Kyoto
㈱京都銀行
|
— |
−100%
Exit
—
|
195 | 31,258 | M |
|
SAKATA INX CORPORATION
サカタインクス㈱
|
— |
−100%
Exit
—
|
171 | 165,375 | M |
|
Nippon Soda Co., Ltd.
日本曹達㈱
|
— |
−100%
Exit
—
|
167 | 36,393 | M |
| 東洋インキSCホールディングス㈱ | — |
−100%
Exit
—
|
153 | 74,529 | M |
|
Dai Nippon Toryo Company, Limited
大日本塗料㈱
|
— |
−100%
Exit
—
|
99 | 116,993 | |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
— |
−100%
Exit
—
|
84 | 43,065 | |
|
OILES CORPORATION
オイレス工業㈱
|
— |
−100%
Exit
—
|
63 | 37,844 | |
| Portfolio total | 54,186 | 53,820 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding