As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 4.62% |
|---|---|
| Individuals | 58.77% |
| Top 10 holders | 40.69% |
| Total shareholders | 3,083 |
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 | 58.77% | 2,968 |
| Other corporations | 21.60% | 50 |
| Financial institutions | 12.47% | 5 |
| Foreign institutions | 4.62% | 35 |
| Securities firms | 2.44% | 17 |
| Foreign individuals | 0.08% | 7 |
| Government | 0.00% | 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 | 王子ホールディングス株式会社 | 414,000 | 9.47% |
| 2 | 日本製紙株式会社 | 199,000 | 4.57% |
| 3 | イチカワ従業員持株会 | 183,000 | 4.19% |
| 4 | 株式会社みずほ銀行 | 175,000 | 4.01% |
| 5 | 株式会社千葉銀行 | 174,000 | 3.99% |
| 6 | 株式会社日本カストディ銀行(信託E口) | 161,000 | 3.69% |
| 7 | 眞嶋 洋 | 132,000 | 3.03% |
| 8 | 光通信KK投資事業有限責任組合 | 123,000 | 2.83% |
| 9 | 株式会社ナチュラリ | 119,000 | 2.73% |
| 10 | 日本証券金融株式会社 | 95,000 | 2.18% |
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.