As reported in the annual securities report, 2026-02-28.
| Foreign institutions | 1.60% |
|---|---|
| Individuals | 26.45% |
| Top 10 holders | 77.70% |
| Total shareholders | 1,223 |
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 |
|---|---|---|
| Other corporations | 65.25% | 9 |
| Individuals & others | 26.45% | 1,173 |
| Securities firms | 6.62% | 17 |
| Foreign institutions | 1.60% | 18 |
| Foreign individuals | 0.06% | 5 |
| Financial institutions | 0.03% | 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 | 株式会社メディアドゥ | 1,924,700 | 56.28% |
| 2 | 大賀 康史 | 186,800 | 5.46% |
| 3 | XTech2号投資事業有限責任組合 | 161,040 | 4.70% |
| 4 | 株式会社SBI証券 | 68,263 | 1.99% |
| 5 | JPモルガン証券株式会社 | 68,000 | 1.98% |
| 6 | 梶原 圭三 | 65,800 | 1.92% |
| 7 | 株式会社CARTA VENTURES | 55,440 | 1.62% |
| 8 | 大分VCサクセスファンド6号投資事業有限責任組合 | 45,280 | 1.32% |
| 9 | みずほ成長支援第4号投資事業有限責任組合 | 44,600 | 1.30% |
| 10 | 株式会社インソース | 38,840 | 1.13% |
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.