As reported in the annual securities report, 2025-09-30.
| Foreign institutions | 0.09% |
|---|---|
| Individuals | 60.11% |
| Top 10 holders | 45.04% |
| Total shareholders | 1,028 |
How to read this: each slice is a group of investors. Foreign and financial institutions are professional money; individuals are retail shareholders; other corporations are usually business partners holding strategic stakes. A large institutional slice generally means heavier analyst coverage and more trading volume.
How to read this: each line shows how one investor group's share has moved over recent years. A rising foreign or institutional line can signal growing professional interest; a falling one the opposite. Japanese companies disclose ownership once a year, so these are annual points — read the direction over several years rather than a single step.
| Investor category | Holding % | Shareholders |
|---|---|---|
| Individuals & others | 60.11% | 984 |
| Other corporations | 34.35% | 26 |
| Financial institutions | 4.94% | 5 |
| Securities firms | 0.51% | 9 |
| Foreign institutions | 0.09% | 4 |
How to read this: a high foreign or institutional share often means the stock is widely researched and more liquid; a high individual share means retail investors hold most of the company. Percentages are of voting units.
| S.No. | Shareholder | Shares | Stake % |
|---|---|---|---|
| 1 | 株式会社操上 | 145,000 | 16.30% |
| 2 | マサル協力企業持株会 | 45,000 | 5.15% |
| 3 | 化研マテリアル株式会社 | 43,000 | 4.84% |
| 4 | マサル従業員持株会 | 26,000 | 2.99% |
| 5 | 苅谷 純 | 26,000 | 2.98% |
| 6 | 野口興産株式会社 | 26,000 | 2.97% |
| 7 | 日本生命保険相互会社 | 25,000 | 2.90% |
| 8 | 株式会社苅谷 | 24,000 | 2.80% |
| 9 | 勝又 健 | 20,000 | 2.28% |
| 10 | シーカ・ジャパン株式会社 | 16,000 | 1.83% |
Trust banks such as Master Trust and Custody Bank appear at the top of most Japanese registers: they hold shares on behalf of many underlying funds rather than owning them outright.