As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 4.43% |
|---|---|
| Individuals | 77.55% |
| Top 10 holders | 91.51% |
| Total shareholders | 633 |
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 | 77.55% | 590 |
| Financial institutions | 13.99% | 4 |
| Foreign institutions | 4.43% | 16 |
| Securities firms | 3.89% | 14 |
| Other corporations | 0.12% | 6 |
| Foreign individuals | 0.02% | 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 | 松田 航 | 1,427,700 | 70.14% |
| 2 | 株式会社日本カストディ銀行(信託口) | 227,600 | 11.18% |
| 3 | 株式会社SBI証券 | 46,380 | 2.28% |
| 4 | BBH LUX/BROWN BROTHERS HARRI MAN(LUXEMBOURG) SCA CUSTODIAN FOR SMD・AM FUNDS・DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE(常任代理人 株式会社三井住友銀行) | 40,300 | 1.98% |
| 5 | 日本マスタートラスト信託銀行株式会社(信託口) | 34,100 | 1.68% |
| 6 | NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN(CASHPB)(常任代理人 野村證券株式会社) | 32,300 | 1.59% |
| 7 | 野村信託銀行株式会社(投信口) | 24,500 | 1.20% |
| 8 | JPモルガン証券株式会社 | 15,100 | 0.74% |
| 9 | 楽天証券株式会社共有口 | 8,600 | 0.42% |
| 10 | 南角 光彦 | 6,200 | 0.30% |
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.