As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 10.76% |
|---|---|
| Individuals | 35.51% |
| Top 10 holders | 51.79% |
| Total shareholders | 8,315 |
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 | 41.35% | 161 |
| Individuals & others | 35.51% | 8,034 |
| Foreign institutions | 10.76% | 64 |
| Financial institutions | 10.12% | 14 |
| Securities firms | 2.20% | 21 |
| Foreign individuals | 0.06% | 21 |
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 | 2,753,000 | 21.91% |
| 2 | 日本紙パルプ商事株式会社 | 710,000 | 5.65% |
| 3 | 新生紙パルプ商事株式会社 | 564,000 | 4.49% |
| 4 | INTERACTIVE BROKERS LLC(常任代理人 インタラクティブ・ブローカーズ証券株式会社) | 564,000 | 4.48% |
| 5 | KPPグループホールディングス株式会社 | 534,000 | 4.25% |
| 6 | 株式会社北陸銀行 | 459,000 | 3.65% |
| 7 | 農林中央金庫 | 301,000 | 2.39% |
| 8 | 中越パルプ工業従業員持株会 | 254,000 | 2.02% |
| 9 | 株式会社みずほ銀行 | 201,000 | 1.60% |
| 10 | MURAKAMI TAKATERU | 169,000 | 1.35% |
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.