9503
The Kansai Electric Power Company, Incorporated
関西電力株式会社
Utilities · Utilities - Renewable
The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business. The company generates power from thermal, hydropower, wind, biomass, and nuclear power generation plants. It also involved in the power transmission and distribution business; the provision of information and communication services for homes and businesses under the eo Hikari brand; mobile business under the mineo business; corporate solution business; and real estate leasing, sales, and management activities; and leisure, leasing, call center management, medical and health care, and home security businesses. In addition, the company engages in the design, construction, operation, maintenance, and management of power generation, power distribution, electrical, and information communication facilities, and information and communication equipment; manufacture and sale of electrical wiring hardware, insulators, bushings, steel pipe poles, concrete poles, and other electrical distribution equipment and materials; housing equipment sales; remodeling work; and passenger/freight transportation. Further, it involved in the survey and research on safety technology for nuclear power generation, survey/design /construction supervision related to civil engineering, etc.; acceptance/ storage/construction supervision related to civil engineering, etc.; and provision of survey, analysis, consulting, and construction services related to the environment, civil engineering, and architecture, as well as public relations and engineering services. The Kansai Electric Power Company, Incorporated was incorporated in 1951 and is headquartered in Osaka, Japan.
Price
¥2,336
Market Cap
¥2.6T
Ent. Value
¥5.5T
Net Debt
−¥2.9T
Shares Out.
1.1B
P / E
6.8×
EV / EBIT
12.7×
P / Book
0.75×
P / NCAV
N/M
Div. Yield
1.28%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | — | ¥4,337.1B | ¥4,059.4B | ¥3,951.9B | ¥2,851.9B |
| Operating Income | ¥437.6B | ¥468.9B | ¥728.9B | ¥-52.1B | ¥99.3B |
| Non-Operating Income | ¥163.2B | ¥117.3B | ¥97.0B | ¥96.3B | ¥75.5B |
| Dividend Income | — | ¥24.7B | ¥27.9B | ¥18.8B | ¥13.2B |
| Interest Income | — | ¥9.0B | ¥6.1B | ¥2.1B | ¥1.1B |
| Non-Operating Expenses | — | ¥54.5B | ¥59.9B | ¥50.9B | ¥38.9B |
| Interest Expense | — | ¥35.0B | ¥29.1B | ¥24.3B | ¥20.2B |
| Ordinary Income | ¥518.5B | ¥531.7B | ¥766.0B | ¥-6.7B | ¥136.0B |
| Pre-tax Income | ¥520.4B | ¥594.6B | ¥641.1B | ¥-5.8B | ¥125.3B |
| Income Taxes | ¥136.7B | ¥143.4B | ¥192.6B | ¥-26.6B | ¥35.6B |
| Current Tax | — | ¥139.2B | ¥157.6B | ¥10.8B | ¥23.6B |
| Deferred Tax | — | ¥4.2B | ¥35.0B | ¥-37.4B | ¥12.1B |
| Net Income (owners) | ¥380.1B | ¥420.4B | ¥441.9B | ¥17.7B | ¥85.8B |
| Minority Interest | — | ¥30.8B | ¥6.6B | ¥3.1B | ¥3.9B |
| Comprehensive Income | — | ¥500.2B | ¥541.4B | ¥170.7B | ¥23.1B |
| EBITDA | ¥775.9B | ¥800.6B | ¥1,056.2B | ¥254.0B | ¥394.7B |
| EPS | ¥341.14 | ¥436.09 | ¥495.09 | ¥19.81 | ¥96.14 |
| Shares Outstanding | — | 1.11B | 892.3M | 892.4M | 892.5M |
| Shares Issued (total) | — | 1.11B | 938.7M | 938.7M | 938.7M |
| Treasury Shares | — | 0.9M | 46.5M | 46.3M | 46.3M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥9,854.6B | ¥9,652.7B | ¥9,032.9B | ¥8,774.4B | ¥8,656.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,782.6B | ¥1,971.0B | ¥1,440.7B | ¥1,264.6B | ¥1,339.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥737.4B | ¥942.4B | ¥495.9B | ¥267.0B | ¥469.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥496.4B | ¥387.6B | ¥404.6B | ¥307.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥8,072.1B | ¥7,681.6B | ¥7,592.2B | ¥7,509.8B | ¥7,317.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥277.6B | ¥294.8B | ¥347.2B | ¥351.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥6,351.9B | ¥6,545.2B | ¥6,699.7B | ¥6,934.6B | ¥6,950.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,752.9B | ¥1,680.1B | ¥1,606.5B | ¥1,592.2B | ¥1,899.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥234.2B | ¥160.6B | ¥189.7B | ¥198.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥155.0B | ¥159.8B | ¥157.0B | ¥155.5B | ¥150.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥4,578.9B | ¥4,843.1B | ¥5,069.7B | ¥5,317.4B | ¥5,025.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥3,519.8B | ¥3,747.0B | ¥3,886.1B | ¥4,177.8B | ¥3,891.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥315.3B | ¥358.3B | ¥362.3B | ¥365.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥15.9B | ¥14.2B | ¥7.5B | ¥6.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥3,502.7B | ¥3,107.5B | ¥2,333.2B | ¥1,839.8B | ¥1,705.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥630.0B | ¥489.3B | ¥489.3B | ¥489.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥205.1B | ¥67.0B | ¥66.9B | ¥66.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥2,241.5B | ¥1,928.1B | ¥1,556.1B | ¥1,158.9B | ¥1,175.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-935M | ¥-97.8B | ¥-97.5B | ¥-97.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥303.6B | ¥258.5B | ¥171.2B | ¥25.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥3,075.7B | ¥2,762.3B | ¥2,014.6B | ¥1,617.5B | ¥1,634.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥41.6B | ¥60.1B | ¥51.0B | ¥46.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥3,674.8B | ¥3,906.8B | ¥4,043.1B | ¥4,333.3B | ¥4,042.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-2,937.4B | ¥-2,964.4B | ¥-3,547.1B | ¥-4,066.4B | ¥-3,573.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-4,569.3B | ¥-4,574.2B | ¥-5,259.0B | ¥-5,670.0B | ¥-5,611.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-4,106 | ¥-5,894 | ¥-6,353 | ¥-6,288 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,479 | ¥2,258 | ¥1,813 | ¥1,831 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥652.4B | ¥575.3B | ¥1,155.0B | ¥128.0B | ¥410.3B |
| Taxes Paid | — | ¥-195.7B | ¥-32.5B | ¥-18.6B | ¥-30.7B |
| Interest Paid | — | ¥-33.1B | ¥-27.1B | ¥-23.0B | ¥-20.6B |
| Interest Received | — | ¥50.7B | ¥44.3B | ¥28.7B | ¥21.0B |
| D&A | ¥338.3B | ¥331.8B | ¥327.3B | ¥306.1B | ¥295.3B |
| Investing CF | ¥-571.9B | ¥-342.4B | ¥-428.0B | ¥-417.9B | ¥-532.6B |
| Financing CF | ¥-290.2B | ¥137.7B | ¥-488.9B | ¥117.1B | ¥318.8B |
| Dividends Paid | — | ¥-49.1B | ¥-44.7B | ¥-44.7B | ¥-44.6B |
| LT Debt Repaid | — | ¥-305.2B | ¥-327.3B | ¥-435.3B | ¥-510.8B |
| Free Cash Flow | ¥652.4B | ¥575.3B | ¥1,155.0B | ¥128.0B | ¥410.3B |
| Net Change in Cash | — | ¥377.0B | ¥242.2B | ¥-168.8B | ¥199.2B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.5% | 15.7% | 21.8% | 1.0% | 5.1% |
| ROA | 3.9% | 4.5% | 5.0% | 0.2% | 1.0% |
| EPS | ¥341.14 | ¥436.09 | ¥495.09 | ¥19.81 | ¥96.14 |
| DPS | ¥30.00 | ¥60.00 | ¥50.00 | ¥50.00 | ¥50.00 |
| BPS | ¥3,101.43 | ¥2,752.01 | ¥2,547.28 | ¥2,004.24 | ¥1,859.50 |
| FCF/Share | — | ¥516 | ¥1,294 | ¥143 | ¥460 |
| NCAV/Share | — | ¥-4,106 | ¥-5,894 | ¥-6,353 | ¥-6,288 |
| Payout Ratio | 8.8% | 13.8% | 10.1% | 252.4% | 52.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-04-30
16:30
|
Capital Policy | ¥80.0/sh | Kansai Electric Power revised its shareholder return policy effective FY2026 (ending March 2027), clarifying a target co… | |
|
Summary
Kansai Electric Power revised its shareholder return policy effective FY2026 (ending March 2027), clarifying a target consolidated payout ratio of 25-35% while maintaining financial soundness. The Company, announced a dividend of ¥80 per share (¥40 interim + ¥40 final) for FY2026, committing to stable or increased dividends while enhancing Incorporated value.
Source (JP)
当社は、財務の健全性を確保しつつ、関西電力グループとして企業価値を高め、株主の皆さまに経営の成果を適切に配分します。連結配当性向 25~35%を目安に、配当の維持または増配に努めます。
株主還元方針の見直しについて
TDnet PDF
|
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|
2026-04-27
15:45
|
TOB | ¥223.7B ¥6677.0/sh 24.8% | Kansai Electric Power (KEPCO) announced it will tender 33.5 million shares (representing 24.8% of outstanding) in Kinden… | |
|
Summary
Kansai Electric Power (KEPCO) announced it will tender 33.5 million shares (representing 24.8% of outstanding) in Kinden Corporation's self-buyback tender offer at ¥6,677 per share, raising approximately ¥223.7 billion gross proceeds. Following the transaction, KEPCO's holding in Kinden will decline from 37.13% to 24.33%, with an expected after-tax gain of ¥1,050 billion to be recorded in FY2027 consolidated results. The transaction aims to optimize capital efficiency while maintaining the strategic partnership between the two companies.
Deadline: 2026-06-01
% of Shares: 24.8%
Shares: 33,500,000
Source (JP)
関西電力および関電不動産開発が保有する株式の一部を応募することとしました。売却予定株式数の33,500,000株が売却できた場合、2027年3月期の連結決算において、関係会社株式売却益として約1,050億円を特別利益に計上する見込みです。
株式会社きんでんによる自己株式の公開買付けへの応募および関係会社株式売却益の計上見込みについて
TDnet PDF
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| # | 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)
|
134,536 | 12.07% |
| 2 | 大阪市 | 68,287 | 6.12% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
51,866 | 4.65% |
| 4 | JPモルガン証券株式会社 | 36,385 | 3.26% |
| 5 |
Nippon Life Insurance
日本生命保険相互会社
|
27,462 | 2.46% |
| 6 | 神戸市 | 27,351 | 2.45% |
| 7 |
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)
|
23,679 | 2.12% |
| 8 |
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行)
|
18,953 | 1.70% |
| 9 |
Stock Ownership Plan
関西電力持株会
|
18,069 | 1.62% |
| 10 | 大阪市高速電気軌道株式会社 | 15,461 | 1.39% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
16.7%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.8%
+0.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.3%
-1.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 37.8% · 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 | 13.08% | 12.38% | 12.07% -0.31% | |
| 大阪市 | 7.64% | 7.65% | 6.12% -1.53% | |
| Japan Custody Bank 日本カストディ銀行 | 5.89% | 4.53% | 4.65% +0.12% | |
| State Street | 2.79% | 3.74% | 3.82% +0.08% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 3.26% NEW |
| Nippon Life Insurance 日本生命保険 | 3.07% | 3.07% | 2.46% -0.61% | |
| 神戸市 | 3.06% | 3.06% | 2.45% -0.61% | |
| Stock Ownership Plan 関西電力持株会 | 2.35% | 2.11% | 1.62% -0.49% | |
| 大阪市高速電気軌道 | 1.73% | 1.73% | 1.39% -0.34% | |
| Mizuho Bank みずほ銀行 last seen 2024 | Exited Top 10 | 1.45% | 1.39% | — |
| Concentration (HHI) ⓘ | 301 | 274 | 247 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥181,930M
+49% since 2023
Holdings
45
+8 new
7 exited
Trend
2 building
vs 2023
| Held Company | FY2025 ¥181,930M total | FY2023 ¥121,704M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ(注)1
|
31,907 |
NEW
New
8,407,821
|
— | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
25,167 |
12,514,800
|
10,611 | 12,514,800 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
16,140 |
1,000,000
|
23,655 | 1,000,000 | M |
|
KDDI CORPORATION
KDDI㈱
|
12,571 |
2,664,000
|
10,903 | 2,664,000 | |
|
繧ウ繧ケ繝「繧ィ繝阪Ν繧ョ繝シ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
コスモエネルギーホールディングス㈱
|
11,913 |
1,860,000
|
7,970 | 1,860,000 | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
11,417 |
2,818,407
|
5,292 | 2,818,407 | |
|
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
|
10,471 |
3,095,322
|
6,750 | 3,095,322 | M |
|
DAIHEN CORPORATION
㈱ダイヘン
|
9,247 |
1,460,905
|
6,479 | 1,460,905 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
8,816 |
NEW
New
2,369,968
|
— | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
4,759 |
851,000
|
2,537 | 851,000 | M |
|
Rezil Inc.
レジル㈱(注)2
|
3,880 |
NEW
New
1,820,000
|
— | ||
|
AEON Co.,Ltd.
イオン㈱
|
3,750 |
1,000,000
|
2,566 | 1,000,000 | |
|
Hankyu Hanshin Holdings,Inc.
阪急阪神ホールディングス㈱
|
2,762 |
686,410
|
2,694 | 686,410 | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
2,648 |
2,057,600
|
1,315 | 2,057,600 | |
| ㈱ヒガシトゥエンティワン | 2,181 |
1,800,000
|
1,717 | 1,800,000 | |
|
IWATANI CORPORATION
岩谷産業㈱(注)3
|
2,146 |
NEW
New
1,436,000
|
— | M | |
|
The Japan Steel Works, Ltd.
㈱日本製鋼所
|
2,100 |
401,200
|
994 | 401,200 | |
|
toyo tec co ., ltd
東洋テック㈱
|
2,067 |
1,535,900
|
1,466 | 1,535,900 | |
|
Sekisui House,Ltd.
積水ハウス㈱
|
2,034 |
609,000
|
1,643 | 609,000 | |
|
T&D Holdings, Inc.
㈱T&Dホールディングス
|
1,985 |
625,600
|
1,026 | 625,600 | |
|
繧サ繝シ繝輔ぅ繝シ譬ェ蠑丈シ夂、セ
セーフィー㈱
|
1,539 |
1,920,000
|
1,440 | 1,920,000 | |
|
Kyoto Financial Group, Inc.
㈱京都フィナンシャルグループ
|
1,372 |
NEW
New
603,200
|
— | ||
|
HASEKO Corporation
㈱長谷工コーポレーション
|
1,240 |
631,250
|
971 | 631,250 | |
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
1,205 |
696,700
|
733 | 696,700 | M |
|
Sanyo Homes Corporation
サンヨーホームズ㈱
|
1,063 |
1,530,000
|
1,097 | 1,530,000 | |
|
The Nanto Bank,Ltd.
㈱南都銀行
|
810 |
205,285
|
477 | 205,285 | M |
|
Osaki Electric Co.,Ltd.
大崎電気工業㈱
|
804 |
1,000,000
|
532 | 1,000,000 | M |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
713 |
+400.0%
↑
250,000
|
790 | 50,000 | |
|
West Japan Railway Company
西日本旅客鉄道㈱(注)4
|
699 |
NEW
New
240,000
|
— | ||
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
597 |
216,516
|
622 | 216,516 | |
|
HOSHIZAKI CORPORATION
ホシザキ㈱
|
577 |
100,000
|
488 | 100,000 | |
|
Shimadzu Corporation
㈱島津製作所
|
521 |
139,755
|
578 | 139,755 | |
|
ASAHI BROADCASTING GROUP HOLDINGS CORPORATION
朝日放送グループホールディングス㈱
|
484 |
750,000
|
494 | 750,000 | |
|
THE SHIGA BANK,LTD.
㈱滋賀銀行
|
448 |
85,176
|
228 | 85,176 | M |
|
Japan Petroleum Exploration Co., Ltd.
石油資源開発㈱(注)5
|
440 |
NEW
New
379,000
|
— | ||
|
Kanadevia Corporation
カナデビア㈱
|
335 |
NEW
New
366,222
|
— | ||
|
Keihanshin Building Co., Ltd.
京阪神ビルディング㈱
|
272 |
200,000
|
239 | 200,000 | |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
261 |
81,908
|
349 | 81,908 | M |
|
Nippon Electric Glass Co., Ltd.
日本電気硝子㈱
|
231 |
66,400
|
169 | 66,400 | M |
|
The Kiyo Bank, Ltd.
㈱紀陽銀行
|
139 |
60,495
|
89 | 60,495 | M |
|
THE ROYAL HOTEL,LIMITED
㈱ロイヤルホテル
|
92 |
99,255
|
134 | 99,255 | |
|
Ecology and Combustion Inc.
㈱エコム
|
74 |
+100.0%
↑
61,000
|
50 | 30,500 | |
|
Joshin Denki Co., Ltd.
上新電機㈱
|
53 |
25,000
|
48 | 25,000 | |
| 日新電機㈱ | — | — | M | ||
|
繝ェ繝九Η繝シ繧「繝悶Ν繝サ繧ク繝」繝代Φ譬ェ蠑丈シ夂、セ
リニューアブル・ジャパン㈱
|
— | — | |||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
— |
−100%
Exit
—
|
14,848 | 2,802,607 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
5,381 | 1,184,984 | |
|
IWATANI CORPORATION
岩谷産業㈱
|
— |
−100%
Exit
—
|
2,078 | 359,000 | M |
|
The Bank of Kyoto
㈱京都銀行
|
— |
−100%
Exit
—
|
942 | 150,800 | M |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
654 | 120,000 | |
|
Japan Petroleum Exploration Co., Ltd.
石油資源開発㈱
|
— |
−100%
Exit
—
|
338 | 75,800 | |
| 日立造船㈱ | — |
−100%
Exit
—
|
317 | 366,222 | |
| Portfolio total | 181,930 | 121,704 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding