As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 27.10% |
|---|---|
| Individuals | 33.19% |
| Top 10 holders | 35.80% |
| Total shareholders | 212,204 |
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 | 33.19% | 210,201 |
| Financial institutions | 29.69% | 111 |
| Foreign institutions | 27.10% | 465 |
| Other corporations | 5.66% | 1,075 |
| Securities firms | 4.34% | 38 |
| Foreign individuals | 0.02% | 313 |
| Government | 0.00% | 1 |
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㈱ (信託口) | 43,930,000 | 16.20% |
| 2 | ㈱日本カストディ銀行(信託口) | 17,106,000 | 6.31% |
| 3 | 日本生命保険(相)(常任代理人 日本マスタートラスト信託銀行㈱) | 6,696,000 | 2.47% |
| 4 | 明治ホールディングス従業員持株会 | 6,223,000 | 2.30% |
| 5 | 明治ホールディングス取引先持株会 | 5,343,000 | 1.97% |
| 6 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 ㈱みずほ銀行決済営業部) | 3,996,000 | 1.47% |
| 7 | STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 ㈱みずほ銀行決済営業部) | 3,862,000 | 1.42% |
| 8 | JP MORGAN CHASE BANK 385781(常任代理人 ㈱みずほ銀行決済営業部) | 3,654,000 | 1.35% |
| 9 | JPモルガン証券㈱ | 3,305,000 | 1.22% |
| 10 | JAPAN ACTIVATION CAPITAL I L.P.(常任代理人 ㈱三菱UFJ銀行) | 2,943,000 | 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.