As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 12.01% |
|---|---|
| Individuals | 20.76% |
| Top 10 holders | 58.70% |
| Total shareholders | 69,489 |
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 | 43.70% | 709 |
| Financial institutions | 22.84% | 31 |
| Individuals & others | 20.76% | 68,259 |
| Foreign institutions | 12.01% | 147 |
| Securities firms | 0.66% | 24 |
| Foreign individuals | 0.04% | 319 |
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 | 北越コーポレーション株式会社 | 30,589,008 | 19.70% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 12,151,100 | 7.80% |
| 3 | 大王海運株式会社 | 11,162,739 | 7.20% |
| 4 | 株式会社日本カストディ銀行(信託口) | 7,302,733 | 4.70% |
| 5 | 株式会社伊予銀行 | 7,072,998 | 4.60% |
| 6 | 株式会社愛媛銀行 | 6,920,947 | 4.50% |
| 7 | 愛媛製紙株式会社 | 5,331,335 | 3.40% |
| 8 | カミ商事株式会社 | 4,700,109 | 3.00% |
| 9 | 兵庫製紙株式会社 | 3,179,630 | 2.00% |
| 10 | 兵庫パルプ工業株式会社 | 2,752,280 | 1.80% |
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.