As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 8.60% |
|---|---|
| Individuals | 40.68% |
| Top 10 holders | 53.80% |
| Total shareholders | 12,826 |
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 | 40.68% | 12,555 |
| Other corporations | 36.72% | 140 |
| Financial institutions | 12.92% | 18 |
| Foreign institutions | 8.60% | 82 |
| Securities firms | 1.08% | 22 |
| Foreign individuals | 0.00% | 9 |
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 | 四国電力株式会社 | 14,998,000 | 31.69% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 3,770,000 | 7.97% |
| 3 | 四電工従業員持株会 | 2,597,000 | 5.49% |
| 4 | 株式会社日本カストディ銀行(信託口) | 1,080,000 | 2.28% |
| 5 | BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND620065(常任代理人 株式会社みずほ銀行) | 860,000 | 1.82% |
| 6 | 日本生命保険相互会社 | 528,000 | 1.12% |
| 7 | DFA INTL SMALL CAP VALUE PORTFOLIO(常任代理人 シティバンク、エヌ・エイ東京支店) | 462,000 | 0.98% |
| 8 | 吉野川電線株式会社 | 435,000 | 0.92% |
| 9 | 光通信KK投資事業有限責任組合 | 389,000 | 0.82% |
| 10 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行) | 334,000 | 0.71% |
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.