8088
IWATANI CORPORATION
岩谷産業株式会社
Wholesale Trade
Iwatani Corporation engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia. It operates through four segments: Integrated Energy, Industrial Gases & Machinery, and Materials. The Integrated Energy segment offers LPG for household, commercial, and industrial use; LPG-supply equipment and facilities; LNG; petroleum products; household kitchen appliances; and home energy components, Ene farm, GHP, daily necessities, portable gas cooking stoves, cassette gas canisters, mineral water, health foods, and electricity. The Industrial Gases & Machinery segment provides air separation gases, hydrogen, helium, other specialty gases, gas supply facilities, welding materials, welding and cutting equipment, industrial robots, pumps and compressors, disaster prevention equipment, and high-pressure gas containers; and semiconductor manufacturing equipment, electronic component manufacturing equipment, factory automation systems, machine tools and sheet metal machinery, and environmental equipment, as well as operates facilities for hydrogen stations. The Materials segment provides PET resins, biomass fuels, battery-related and semiconductor materials, electronic display films, mineral sand, rare earth, ceramics materials, stainless steels, and non-ferrous metals. Iwatani Corporation was founded in 1930 and is headquartered in Osaka, Japan.
Price
¥2,016
Market Cap
¥462.9B
Ent. Value
¥680.1B
Net Debt
−¥217.2B
Shares Out.
229.6M
P / E
9.7×
EV / EBIT
17.7×
P / Book
1.06×
P / NCAV
N/M
Div. Yield
1.17%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥908.5B | ¥883.0B | ¥847.9B | ¥906.3B | ¥690.4B |
| Cost of Sales | ¥672.6B | ¥648.7B | ¥618.4B | ¥693.3B | ¥498.6B |
| Gross Profit | ¥235.9B | ¥234.3B | ¥229.5B | ¥212.9B | ¥191.8B |
| SG&A | ¥197.6B | ¥188.1B | ¥178.8B | ¥172.9B | ¥151.7B |
| Operating Income | ¥38.3B | ¥46.2B | ¥50.6B | ¥40.0B | ¥40.1B |
| Non-Operating Income | ¥21.2B | ¥19.5B | ¥18.3B | ¥8.9B | ¥7.7B |
| Dividend Income | — | ¥1.7B | ¥1.5B | ¥1.4B | ¥1.1B |
| Interest Income | — | ¥340M | ¥409M | ¥436M | ¥432M |
| Non-Operating Expenses | — | ¥4.2B | ¥2.8B | ¥1.9B | ¥1.4B |
| Interest Expense | — | ¥2.8B | ¥1.8B | ¥1.2B | ¥833M |
| Ordinary Income | ¥55.2B | ¥61.5B | ¥66.2B | ¥47.0B | ¥46.4B |
| Pre-tax Income | ¥70.7B | ¥62.8B | ¥67.2B | ¥47.3B | ¥45.9B |
| Income Taxes | ¥21.6B | ¥21.1B | ¥18.9B | ¥14.1B | ¥14.9B |
| Current Tax | — | ¥19.7B | ¥18.8B | ¥14.5B | ¥14.3B |
| Deferred Tax | — | ¥1.3B | ¥92M | ¥-376M | ¥687M |
| Net Income (owners) | ¥47.7B | ¥40.4B | ¥47.4B | ¥32.0B | ¥30.0B |
| Minority Interest | — | ¥1.3B | ¥990M | ¥1.2B | ¥1.0B |
| Comprehensive Income | — | ¥36.4B | ¥67.0B | ¥38.0B | ¥31.5B |
| EBITDA | ¥69.0B | ¥77.4B | ¥80.0B | ¥67.6B | ¥64.0B |
| Goodwill Amort. (J-GAAP) | — | ¥3.3B | ¥3.3B | ¥3.3B | ¥2.8B |
| EPS | ¥207.10 | ¥175.76 | ¥823.31 | ¥556.69 | ¥520.98 |
| Shares Outstanding | — | 229.6M | 57.4M | 57.4M | 57.4M |
| Shares Issued (total) | — | 234.2M | 58.6M | 58.6M | 58.6M |
| Treasury Shares | — | 4.6M | 1.2M | 1.2M | 1.2M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥899.8B | ¥872.2B | ¥834.4B | ¥656.0B | ¥558.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥317.9B | ¥328.5B | ¥309.6B | ¥303.2B | ¥259.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥27.7B | ¥27.8B | ¥33.9B | ¥33.7B | ¥30.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥162.3B | ¥146.0B | ¥150.4B | ¥117.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥581.8B | ¥543.7B | ¥524.8B | ¥352.8B | ¥299.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥247.8B | ¥240.2B | ¥225.4B | ¥207.4B | ¥185.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥22.9B | ¥19.6B | ¥24.0B | ¥12.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥47.8B | ¥36.5B | ¥36.9B | ¥16.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥237.6B | ¥211.9B | ¥225.4B | ¥85.7B | ¥79.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥3.9B | ¥3.7B | ¥3.6B | ¥3.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥450.8B | ¥475.0B | ¥461.5B | ¥343.8B | ¥278.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥211.1B | ¥255.0B | ¥312.5B | ¥212.5B | ¥186.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥76.1B | ¥66.1B | ¥73.1B | ¥66.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥54.6B | ¥47.4B | ¥141.9B | ¥37.9B | ¥43.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥10.9B | ¥12.5B | ¥8.4B | ¥8.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥239.6B | ¥220.0B | ¥148.9B | ¥131.3B | ¥91.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥190.3B | ¥181.6B | ¥110.1B | ¥98.5B | ¥65.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥6.1B | ¥5.9B | ¥6.9B | ¥5.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥20.3B | ¥21.8B | ¥14.9B | ¥10.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥449.0B | ¥397.2B | ¥372.9B | ¥312.2B | ¥280.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥35.1B | ¥35.1B | ¥35.1B | ¥35.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥32.1B | ¥32.0B | ¥31.9B | ¥31.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥307.1B | ¥274.9B | ¥245.7B | ¥203.8B | ¥176.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-1.6B | ¥-1.5B | ¥-1.5B | ¥-1.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥45.5B | ¥51.0B | ¥32.7B | ¥28.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥373.0B | ¥340.6B | ¥311.3B | ¥269.3B | ¥242.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥11.2B | ¥10.6B | ¥10.3B | ¥10.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥244.9B | ¥229.0B | ¥252.0B | ¥136.3B | ¥108.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-217.2B | ¥-201.2B | ¥-218.1B | ¥-102.6B | ¥-78.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-132.8B | ¥-146.5B | ¥-151.9B | ¥-40.6B | ¥-18.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-638 | ¥-2,646 | ¥-707 | ¥-326 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,483 | ¥5,423 | ¥4,691 | ¥4,217 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥59.1B | ¥52.4B | ¥54.9B | ¥51.5B | ¥13.1B |
| Taxes Paid | — | ¥-22.9B | ¥-14.7B | ¥-15.6B | ¥-14.1B |
| Interest Paid | — | ¥-2.6B | ¥-1.7B | ¥-1.1B | ¥-801M |
| Interest Received | — | ¥2.3B | ¥2.2B | ¥1.9B | ¥1.4B |
| D&A | ¥30.7B | ¥27.9B | ¥26.0B | ¥24.2B | ¥21.1B |
| Goodwill Amort. | — | ¥3.3B | ¥3.3B | ¥3.3B | ¥2.8B |
| Investing CF | ¥-23.8B | ¥-58.4B | ¥-161.3B | ¥-60.3B | ¥-31.9B |
| CapEx | ¥38.4B | ¥43.4B | ¥34.5B | ¥28.5B | ¥25.7B |
| Purchase Investments | — | ¥-1.7B | ¥-112.3B | ¥-5.7B | ¥-4.0B |
| Financing CF | ¥-37.1B | ¥-2.0B | ¥105.4B | ¥11.0B | ¥8.0B |
| Dividends Paid | — | ¥-7.5B | ¥-5.5B | ¥-4.9B | ¥-4.3B |
| LT Debt Repaid | — | ¥-14.0B | ¥-12.3B | ¥-18.4B | ¥-12.5B |
| Free Cash Flow | ¥20.8B | ¥9.0B | ¥20.4B | ¥23.0B | ¥-12.6B |
| Net Change in Cash | — | ¥-6.4B | ¥269M | ¥3.1B | ¥-8.9B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.3% | 10.9% | 14.3% | 11.2% | 11.7% |
| ROA | 5.4% | 4.7% | 6.4% | 5.3% | 5.4% |
| EPS | ¥207.10 | ¥175.76 | ¥823.31 | ¥556.69 | ¥520.98 |
| DPS | ¥23.50 | ¥47.00 | ¥130.00 | ¥95.00 | ¥85.00 |
| BPS | ¥1,898.97 | ¥1,677.41 | ¥6,298.26 | ¥5,249.53 | ¥4,696.56 |
| FCF/Share | — | ¥39 | ¥355 | ¥400 | ¥-220 |
| NCAV/Share | — | ¥-638 | ¥-2,646 | ¥-707 | ¥-326 |
| Payout Ratio | 11.3% | 26.7% | 15.8% | 17.1% | 16.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 4
| # | 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)
|
27,553 | 11.96% |
| 2 | 公益財団法人岩谷直治記念財団 | 16,530 | 7.18% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行 (信託口)
|
8,927 | 3.88% |
| 4 |
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY (常任代理人 シティバンク、 エヌ・エイ東京支店)
|
7,603 | 3.30% |
| 5 |
MUFG Bank
株式会社三菱UFJ銀行
|
5,344 | 2.32% |
| 6 |
Resona Bank
株式会社りそな銀行
|
4,711 | 2.05% |
| 7 | 株式会社テツ・イワタニ | 4,000 | 1.74% |
| 8 | 岩谷産業泉友会 | 3,613 | 1.57% |
| 9 |
Nippon Life Insurance
日本生命保険相互会社
|
3,593 | 1.56% |
| 10 | イワタニ炎友会 | 2,948 | 1.28% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
15.8%
+0.5% 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
21.0%
-0.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 36.8% · 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 | 12.08% | 11.52% | 11.96% +0.44% | |
| 公益財団法人岩谷直治記念財団 | 7.18% | 7.18% | 7.18% | |
| Japan Custody Bank 日本カストディ銀行 | 4.39% | 3.85% | 3.88% +0.03% | |
| GOVERNMENT OF NORWAY | 3.80% | 3.84% | 3.30% -0.54% | |
| MUFG Bank 式会社三菱UFJ銀行 | 2.32% | 2.32% | 2.32% | |
| Resona Bank りそな銀行 | 2.05% | 2.05% | 2.05% | |
| 式会社テツ・イワタニ | — | 1.74% | 1.74% | |
| 岩谷産業泉友会 | 1.62% | 1.53% | 1.57% +0.04% | |
| Nippon Life Insurance 日本生命保険 | 1.56% | 1.56% | 1.56% | |
| イワタニ炎友会 | 1.37% | 1.34% | 1.28% -0.06% | |
| 限会社テツ・イワタニ last seen 2023 | Exited Top 10 | 1.74% | — | — |
| Concentration (HHI) ⓘ | 251 | 233 | 240 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥59,102M
+12% since 2023
Holdings
58
+2 new
15 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥59,102M total | FY2023 ¥52,956M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
| ㈱三菱UFJ フィナンシャル・ グループ | 7,146 |
3,553,720
|
3,013 | 3,553,720 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
7,101 |
-17.8%
↓
440,000
|
12,662 | 535,300 | M |
|
DAIFUKU CO.,LTD.
㈱ダイフク
|
5,487 |
+200.0%
↑
1,506,753
|
3,680 | 502,251 | M |
| Nordic Mining ASA | 4,604 |
-95.0%
↓
15,979,133
|
2,519 | 319,582,667 | |
|
OSAKA SODA CO.,LTD.
㈱大阪ソーダ
|
4,296 |
+400.0%
↑
2,645,500
|
2,304 | 529,100 | M |
|
The Kansai Electric Power Company, Incorporated
関西電力㈱
|
4,085 |
2,305,000
|
2,975 | 2,305,000 | M |
|
Murata Manufacturing Co.
㈱村田製作所
|
3,423 |
+200.0%
↑
1,485,000
|
3,979 | 495,000 | M |
|
Hiroshima Gas Co.
広島ガス㈱
|
2,601 |
7,607,428
|
2,693 | 7,607,428 | |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
2,570 |
1,105,500
|
2,170 | 1,105,500 | M |
|
DAIHEN CORPORATION
㈱ダイヘン
|
2,212 |
349,600
|
1,550 | 349,600 | M |
|
The Chiba Bank, Ltd.
㈱千葉銀行
|
1,485 |
1,061,865
|
907 | 1,061,865 | M |
| ㈱栗本鐡工所 | 1,321 |
289,845
|
589 | 289,845 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
1,307 |
499,800
|
939 | 499,800 | |
|
AIR WATER INC.
エア・ウォーター㈱
|
944 |
500,000
|
830 | 500,000 | M |
| ㈱三井住友 フィナンシャル グループ | 858 |
+200.0%
↑
226,227
|
399 | 75,409 | |
|
Nikkiso Co.
日機装㈱
|
856 |
672,000
|
631 | 672,000 | M |
|
MORY INDUSTRIES INC.
モリ工業㈱
|
796 |
159,600
|
552 | 159,600 | M |
|
MIURA CO.,LTD.
三浦工業㈱
|
709 |
240,000
|
811 | 240,000 | M |
|
Toell Co.,Ltd.
㈱トーエル
|
704 |
860,000
|
717 | 860,000 | M |
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
685 |
300,000
|
104 | 300,000 | |
|
RINNAI CORPORATION
リンナイ㈱
|
601 |
+200.0%
↑
174,000
|
562 | 58,000 | M |
|
Daiichi Rare Elements Chemical Industry Co.
第一稀元素化学工業㈱
|
596 |
NEW
New
861,000
|
— | M | |
|
ZEON CORPORATION
日本ゼオン㈱
|
504 |
337,700
|
472 | 337,700 | M |
|
KAKEN PHARMACEUTIAL CO., LTD.
科研製薬㈱
|
461 |
103,000
|
380 | 103,000 | M |
| ㈱みずほ フィナンシャル グループ | 415 |
102,456
|
192 | 102,456 | |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード㈱
|
366 |
NEW
New
208,500
|
— | M | |
|
NITTAN Corporation
㈱NITTAN
|
362 |
1,300,000
|
327 | 1,300,000 | M |
|
USHIO INC.
ウシオ電機㈱
|
360 |
195,000
|
324 | 195,000 | M |
| ㈱T&D ホールディングス | 305 |
96,400
|
158 | 96,400 | |
|
Mitsubishi Heavy Industries,Ltd.
三菱重工業㈱
|
252 |
+900.0%
↑
100,000
|
48 | 10,000 | |
|
NORITZ CORPORATION
㈱ノーリツ
|
224 |
127,300
|
221 | 127,300 | M |
|
Kawasaki Heavy Industries,Ltd.
川崎重工業㈱
|
196 |
22,000
|
63 | 22,000 | |
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
192 |
136,187
|
167 | 136,187 | M |
| ㈱りそな ホールディングス | 184 |
143,150
|
91 | 143,150 | |
| SOMPO ホールディングス㈱ | 144 |
+200.0%
↑
31,893
|
55 | 10,631 | |
|
New Japan Chemical Co., Ltd.
新日本理化㈱
|
98 |
512,100
|
108 | 512,100 | M |
|
AGC Inc.
AGC㈱
|
90 |
20,000
|
98 | 20,000 | |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
86 |
100,000
|
103 | 100,000 | M |
|
Sumitomo Seika Chemicals Company,Limited.
住友精化㈱
|
80 |
16,000
|
69 | 16,000 | M |
|
Nippon Electric Glass Co., Ltd.
日本電気硝子㈱
|
72 |
20,820
|
53 | 20,820 | M |
|
The 77Bank,Ltd.
㈱七十七銀行
|
66 |
14,000
|
30 | 14,000 | M |
|
ISHIHARA CHEMICAL CO.,LTD.
石原ケミカル㈱
|
59 |
28,400
|
40 | 28,400 | M |
| ㈱デンキョー グループ ホールディングス | 58 |
50,000
|
59 | 50,000 | M |
| 東京高圧山崎㈱ | 51 |
11,000
|
51 | 11,000 | M |
|
隨ャ荳逕溷多菫晞匱譬ェ蠑丈シ夂、セ
第一生命保険㈱
|
50 |
11,200
|
27 | 11,200 | M |
|
HAMAI INDUSTRIES LTD.
㈱ハマイ
|
23 |
-65.6%
↓
21,748
|
62 | 63,248 | M |
|
NISSAN MOTOR CO., LTD.
日産自動車㈱
|
17 |
-46.0%
↓
47,000
|
43 | 87,000 | |
| 日本酸素 ホールディングス㈱ | — | — | |||
|
Nippon Chemical Industrial Co.,Ltd.
日本化学工業㈱
|
— | — | |||
|
UACJ Corporation
㈱UACJ
|
— | — | |||
|
Nippon Tungsten Co.,Ltd.
日本タングステン㈱
|
— | — | |||
|
DIJET INDUSTRIAL CO., LTD.
ダイジェット工業㈱
|
— | — | |||
|
Japan Airlines Co., Ltd.
日本航空㈱
|
— | — | |||
|
Sharp Corporation
シャープ㈱
|
— | — | |||
|
NTN CORPORATION
NTN㈱
|
— | — | |||
| TOYO TIRE㈱ | — | — | |||
|
Denka Company Limited
デンカ㈱
|
— | — | |||
|
UNITIKA LTD.
ユニチカ㈱
|
— | — | M | ||
| シンフォニア テクノロジー㈱ | — |
−100%
Exit
—
|
287 | 182,400 | M |
|
KYOCERA CORPORATION
京セラ㈱
|
— |
−100%
Exit
—
|
362 | 52,600 | |
|
KOIKE SANSO KOGYO CO.,LTD.
小池酸素工業㈱
|
— |
−100%
Exit
—
|
83 | 36,300 | M |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— |
−100%
Exit
—
|
127 | 81,000 | |
| 東京電力 ホールディングス㈱ | — |
−100%
Exit
—
|
47 | 100,000 | |
|
NAGAOKA INTERNATIONAL CORPORATION
㈱ナガオカ
|
— |
−100%
Exit
—
|
31 | 44,000 | |
|
Central Glass Co.,Ltd.
セントラル硝子㈱
|
— |
−100%
Exit
—
|
61 | 21,000 | |
|
DAIICHI KOUTSU SANGYO Co.,Ltd.
第一交通産業㈱
|
— |
−100%
Exit
—
|
43 | 54,000 | |
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス㈱
|
— |
−100%
Exit
—
|
1,605 | 674,150 | |
| 第一稀元素化学 工業㈱ | — |
−100%
Exit
—
|
872 | 861,000 | M |
|
GUNZE LIMITED
グンゼ㈱
|
— |
−100%
Exit
—
|
618 | 137,900 | M |
|
NITTO DENKO CORPORATION
日東電工㈱
|
— |
−100%
Exit
—
|
401 | 47,000 | |
| タカラ スタンダード㈱ | — |
−100%
Exit
—
|
306 | 208,500 | M |
| コスモエネルギー ホールディングス㈱ | — |
−100%
Exit
—
|
252 | 59,000 | |
|
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
|
— |
−100%
Exit
—
|
34 | 15,750 | |
| Portfolio total | 59,102 | 52,956 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding