As reported in the annual securities report, 2026-05-31.
| Foreign institutions | 7.96% |
|---|---|
| Individuals | 43.28% |
| Top 10 holders | 68.06% |
| Total shareholders | 2,427 |
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 | 44.67% | 42 |
| Individuals & others | 43.28% | 2,354 |
| Foreign institutions | 7.96% | 15 |
| Financial institutions | 3.98% | 3 |
| Securities firms | 0.09% | 5 |
| Foreign individuals | 0.03% | 8 |
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 | 2,268,000 | 48.84% |
| 2 | 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) | 235,000 | 5.07% |
| 3 | 株式会社中国銀行 | 213,000 | 4.58% |
| 4 | USBK NA JP I&W TS(常任代理人 株式会社三菱UFJ銀行) | 125,000 | 2.69% |
| 5 | 須山木材株式会社 | 62,000 | 1.33% |
| 6 | 細羽 強 | 53,000 | 1.15% |
| 7 | 岡﨑 達也 | 53,000 | 1.15% |
| 8 | 岡﨑 直也 | 52,000 | 1.13% |
| 9 | 岡山製紙従業員持株会 | 49,000 | 1.07% |
| 10 | 津川 孝太郎 | 48,000 | 1.05% |
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.