As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 6.65% |
|---|---|
| Individuals | 72.26% |
| Top 10 holders | 47.47% |
| Total shareholders | 31,046 |
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 | 72.26% | 30,506 |
| Other corporations | 8.96% | 210 |
| Financial institutions | 7.85% | 6 |
| Foreign institutions | 6.65% | 87 |
| Securities firms | 4.13% | 32 |
| Foreign individuals | 0.16% | 205 |
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 | 龍川 誠 | 11,929,300 | 18.38% |
| 2 | 株式会社日本カストディ銀行(信託口) | 4,147,700 | 6.39% |
| 3 | 桑山 友美 | 2,360,000 | 3.64% |
| 4 | SBIインキュベーション株式会社 | 2,066,500 | 3.18% |
| 5 | 立川 好美 | 2,030,000 | 3.13% |
| 6 | 相川 佳之(常任代理人 相川 慶子) | 1,830,000 | 2.82% |
| 7 | 近藤 太香巳 | 1,793,000 | 2.76% |
| 8 | 山本 幸央 | 1,720,000 | 2.65% |
| 9 | 株式会社エニグモ | 1,529,200 | 2.36% |
| 10 | 株式会社ブランジスタ | 1,400,000 | 2.16% |
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.