As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.09% |
|---|---|
| Individuals | 39.26% |
| Top 10 holders | 55.52% |
| Total shareholders | 3,299 |
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 | 53.39% | 73 |
| Individuals & others | 39.26% | 3,169 |
| Financial institutions | 4.06% | 6 |
| Securities firms | 2.15% | 23 |
| Foreign institutions | 1.09% | 19 |
| Foreign individuals | 0.05% | 9 |
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 | TOPPANホールディングス㈱ | 1,139,000 | 11.61% |
| 2 | 栄紙業㈱ | 700,000 | 7.14% |
| 3 | ㈱井上ホールディングス | 631,000 | 6.44% |
| 4 | 巴川コーポレーション取引先持株会 | 561,000 | 5.72% |
| 5 | 鈴与㈱ | 498,000 | 5.08% |
| 6 | 三井化学㈱ | 487,000 | 4.97% |
| 7 | 東紙業㈱ | 463,000 | 4.72% |
| 8 | 三弘㈱ | 448,000 | 4.57% |
| 9 | 東栄不動産㈱ | 295,000 | 3.01% |
| 10 | 水野 優士 | 222,000 | 2.26% |
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.