As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.68% |
|---|---|
| Individuals | 84.30% |
| Top 10 holders | 63.45% |
| Total shareholders | 1,195 |
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 | 84.30% | 1,141 |
| Other corporations | 7.13% | 21 |
| Financial institutions | 5.21% | 4 |
| Securities firms | 1.68% | 13 |
| Foreign institutions | 1.68% | 14 |
| Foreign individuals | 0.01% | 2 |
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 | 西澤 重治 | 1,118,260 | 23.46% |
| 2 | 灰田 俊也 | 517,680 | 10.86% |
| 3 | IACEトラベル従業員持株会 | 461,200 | 9.67% |
| 4 | 横田 卓也 | 165,600 | 3.47% |
| 5 | 株式会社アドベンチャー | 164,900 | 3.46% |
| 6 | 株式会社ビジネスマネジメント | 142,880 | 3.00% |
| 7 | 日本マスタートラスト信託銀行株式会社(信託口) | 135,900 | 2.85% |
| 8 | 浅生田 和人 | 129,600 | 2.72% |
| 9 | 野村信託銀行株式会社(投信口) | 95,000 | 1.99% |
| 10 | 岡部 将朋 | 93,780 | 1.97% |
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.