As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 4.41% |
|---|---|
| Individuals | 40.57% |
| Top 10 holders | 31.77% |
| Total shareholders | 20,655 |
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 | 40.57% | 20,246 |
| Other corporations | 32.06% | 290 |
| Financial institutions | 22.24% | 21 |
| Foreign institutions | 4.41% | 66 |
| Securities firms | 0.71% | 25 |
| Foreign individuals | 0.01% | 7 |
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 | 日本マスタートラスト信託銀行株式会社(信託口)・(注1) | 3,705,000 | 10.55% |
| 2 | 中央建物株式会社 | 1,350,000 | 3.84% |
| 3 | 新生紙パルプ商事株式会社 | 939,000 | 2.67% |
| 4 | 株式会社静岡銀行 | 911,000 | 2.59% |
| 5 | 株式会社竹尾 | 791,000 | 2.25% |
| 6 | 株式会社日本カストディ銀行(信託口)・(注2) | 784,000 | 2.23% |
| 7 | 株式会社トーモク | 720,000 | 2.05% |
| 8 | 第一生命保険株式会社 | 702,000 | 2.00% |
| 9 | 平和紙業株式会社 | 661,000 | 1.88% |
| 10 | 王子ホールディングス株式会社 | 600,000 | 1.71% |
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.