As reported in the annual securities report, 2025-10-31.
| Foreign institutions | 1.19% |
|---|---|
| Individuals | 45.21% |
| Top 10 holders | 71.43% |
| Total shareholders | 3,554 |
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 | 50.75% | 20 |
| Individuals & others | 45.21% | 3,504 |
| Securities firms | 2.81% | 15 |
| Foreign institutions | 1.19% | 9 |
| Financial institutions | 0.02% | 1 |
| Foreign individuals | 0.02% | 5 |
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BHAGコーポレーション | 1,591,000 | 50.02% |
| 2 | 向井山 達也 | 124,300 | 3.91% |
| 3 | 大川 真美 | 119,900 | 3.77% |
| 4 | 内藤 征吾 | 94,700 | 2.98% |
| 5 | 若杉 精三郎 | 91,000 | 2.86% |
| 6 | 笠原 賢一 | 62,200 | 1.96% |
| 7 | 金室 貴久 | 52,500 | 1.65% |
| 8 | 株式会社SBI証券 | 48,521 | 1.53% |
| 9 | 小西 宏明 | 47,500 | 1.49% |
| 10 | 肥田 亘 | 40,200 | 1.26% |
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.