As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 27.69% |
|---|---|
| Individuals | 23.74% |
| Top 10 holders | 39.06% |
| Total shareholders | 23,712 |
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 |
|---|---|---|
| Financial institutions | 38.07% | 64 |
| Foreign institutions | 27.69% | 263 |
| Individuals & others | 23.74% | 23,134 |
| Other corporations | 8.03% | 199 |
| Securities firms | 2.46% | 33 |
| Foreign individuals | 0.01% | 16 |
| Government | 0.00% | 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 | 日本マスタートラスト信託銀行株式会社(信託口) | 11,197,000 | 13.81% |
| 2 | 株式会社日本カストディ銀行(信託口) | 6,179,000 | 7.62% |
| 3 | 株式会社SMBC信託銀行(株式会社三井住友銀行退職給付信託口) | 2,657,000 | 3.28% |
| 4 | 株式会社みずほ銀行 | 2,445,000 | 3.02% |
| 5 | 森永乳業従業員持株会 | 2,224,000 | 2.74% |
| 6 | DBS BANK LTD 700170(常任代理人 株式会社みずほ銀行決済営業部) | 1,796,000 | 2.22% |
| 7 | 森永製菓株式会社 | 1,375,000 | 1.70% |
| 8 | STATE STREET BANK AND TRUST COMPANY 505223(常任代理人 株式会社みずほ銀行決済営業部) | 1,345,000 | 1.66% |
| 9 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部) | 1,237,000 | 1.53% |
| 10 | 日本マスタートラスト信託銀行株式会社(退職給付信託口・森永製菓株式会社口) | 1,200,000 | 1.48% |
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.