As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 3.20% |
|---|---|
| Individuals | 73.86% |
| Top 10 holders | 41.83% |
| Total shareholders | 16,307 |
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 | 73.86% | 16,079 |
| Other corporations | 20.33% | 89 |
| Foreign institutions | 3.20% | 42 |
| Securities firms | 1.25% | 18 |
| Foreign individuals | 0.83% | 76 |
| Financial institutions | 0.53% | 3 |
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 | 福田 惠一 | 3,146,000 | 13.76% |
| 2 | SBI Ventures Two㈱ | 2,236,800 | 9.79% |
| 3 | 古川 俊治 | 920,000 | 4.02% |
| 4 | 新村 健造 | 842,400 | 3.69% |
| 5 | ㈱イノベーション企画21 | 650,000 | 2.84% |
| 6 | ㈱JMDC | 461,600 | 2.02% |
| 7 | 秋山 琢己 | 441,000 | 1.93% |
| 8 | 五味 大輔 | 350,000 | 1.53% |
| 9 | SBI AI&Blockchain投資事業有限責任組合 | 264,700 | 1.16% |
| 10 | ㈱メディパルホールディングス | 250,000 | 1.09% |
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.