Billing System Corporation

3623 TSE Technology Information & Communication
TSE Growth

Shareholding pattern

As reported in the annual securities report, 2025-12-31.

Foreign institutions15.89%
Individuals55.79%
Top 10 holders42.00%
Total shareholders3,493

Who owns the company

Share of voting units
Individuals & others: 55.79%Other corporations: 19.67%Foreign institutions: 15.89%Securities firms: 6.82%Financial institutions: 1.42%Foreign individuals: 0.4%55.8%Individuals & others
Individuals & others 55.79%Other corporations 19.67%Foreign institutions 15.89%Securities firms 6.82%Financial institutions 1.42%Foreign individuals 0.4%

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 years
020406080FY22FY23FY24FY25FY2022 — Foreign institutions: 12 %FY2023 — Foreign institutions: 10 %FY2024 — Foreign institutions: 21 %FY2025 — Foreign institutions: 16 %FY2022 — Financial institutions: 2 %FY2023 — Financial institutions: 2 %FY2024 — Financial institutions: 2 %FY2025 — Financial institutions: 1 %FY2022 — Individuals: 61 %FY2023 — Individuals: 59 %FY2024 — Individuals: 53 %FY2025 — Individuals: 56 %FY2022 — Other corporations: 20 %FY2023 — Other corporations: 25 %FY2024 — Other corporations: 20 %FY2025 — Other corporations: 20 %FY2022 — Securities firms: 4 %FY2023 — Securities firms: 3 %FY2024 — Securities firms: 4 %FY2025 — Securities firms: 7 %
Foreign 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 categoryHolding %Shareholders
Individuals & others55.79%3,388
Other corporations19.67%27
Foreign institutions15.89%27
Securities firms6.82%25
Financial institutions1.42%3
Foreign individuals0.40%23

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.ShareholderSharesStake %
1株式会社T-SKY598,8009.52%
2OKASAN INTERNATIONAL (ASIA) LIMITED A/C CLIENT(常任代理人 岡三証券株式会社)441,6007.02%
3株式会社NTTデータ440,0007.00%
4住原 智彦233,6003.71%
5GOLDMAN SACHS INTERNATIONAL (常任代理人 ゴールドマン・サックス証券株式会社)214,7003.41%
6宗教法人宗三寺168,0002.67%
7江田 敏彦163,1002.59%
8野村證券株式会社141,4132.25%
9株式会社SBI証券132,7972.11%
10BOOM SECURITIES(H.K.)LIMITED―CLIENTS’ACCOUNT(常任代理人 マネックス証券株式会社)107,9001.72%

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.

Educational data only. Not a recommendation to buy, sell or hold any security.