MERF Inc.
TSE Standard
Shareholding pattern
As reported in the annual securities report, 2025-08-31.
| Foreign institutions | 0.20% |
|---|---|
| Individuals | 54.75% |
| Top 10 holders | 70.80% |
| Total shareholders | 15,092 |
Who owns the company
Share of voting unitsIndividuals & others 54.75%Other corporations 43.76%Financial institutions 1%Foreign institutions 0.2%Securities firms 0.19%Foreign individuals 0.1%
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.
Ownership Trend
Holding %, recent yearsForeign institutionsFinancial institutionsIndividualsOther corporationsSecurities firms
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.
Ownership detail
| Investor category | Holding % | Shareholders |
|---|---|---|
| Individuals & others | 54.75% | 14,915 |
| Other corporations | 43.76% | 89 |
| Financial institutions | 1.00% | 3 |
| Foreign institutions | 0.20% | 6 |
| Securities firms | 0.19% | 10 |
| Foreign individuals | 0.10% | 69 |
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.
Largest shareholders
| S.No. | Shareholder | Shares | Stake % |
|---|---|---|---|
| 1 | 株式会社黒谷商店 | 5,648,000 | 39.95% |
| 2 | 黒谷 純久 | 3,020,900 | 21.37% |
| 3 | 株式会社ＳＭＣ | 400,000 | 2.83% |
| 4 | 黒谷 暁 | 219,500 | 1.55% |
| 5 | 黒谷 昌輝 | 200,000 | 1.41% |
| 6 | 株式会社北陸銀行 | 140,000 | 0.99% |
| 7 | 株式会社MERF従業員持株会 | 131,702 | 0.93% |
| 8 | 黒谷 春美 | 120,000 | 0.85% |
| 9 | 井上 哲 | 70,000 | 0.50% |
| 10 | 株式会社ＨＡＲＩＴＡ | 60,000 | 0.42% |
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.