As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 3.00% |
|---|---|
| Individuals | 31.52% |
| Top 10 holders | 69.94% |
| Total shareholders | 3,618 |
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 | 58.17% | 33 |
| Individuals & others | 31.52% | 3,503 |
| Financial institutions | 4.37% | 8 |
| Foreign institutions | 3.00% | 28 |
| Securities firms | 2.76% | 22 |
| Foreign individuals | 0.19% | 24 |
| Government | 0.00% | — |
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 | GMOインターネットグループ株式会社 | 3,031,400 | 58.76% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 207,900 | 4.02% |
| 3 | GMOインターネット株式会社 | 108,000 | 2.09% |
| 4 | 佐藤 健太郎 | 47,800 | 0.92% |
| 5 | 松尾 志郎 | 42,000 | 0.81% |
| 6 | NORTHERN TRUST CO.(AVFC)RE STATE TEACHERS RETIREMENT SYSTEM OF OHIO(常任代理人 香港上海銀行東京支店) | 39,900 | 0.77% |
| 7 | モルガン・スタンレーMUFG証券株式会社 | 37,832 | 0.73% |
| 8 | 楽天証券株式会社共有口 | 32,800 | 0.63% |
| 9 | ペパボ社員持株会 | 32,700 | 0.63% |
| 10 | 五十島 啓人 | 30,000 | 0.58% |
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.