As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.38% |
|---|---|
| Individuals | 46.09% |
| Top 10 holders | 57.89% |
| Total shareholders | 5,482 |
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 | 46.09% | 5,369 |
| Other corporations | 44.30% | 41 |
| Financial institutions | 5.39% | 4 |
| Securities firms | 2.78% | 27 |
| Foreign institutions | 1.38% | 19 |
| Foreign individuals | 0.07% | 22 |
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 | 株式会社徳応舎 | 2,020,000 | 20.20% |
| 2 | 三木産業株式会社 | 996,100 | 9.96% |
| 3 | 株式会社日伸 | 800,000 | 8.00% |
| 4 | 三木 富士彦 | 431,392 | 4.31% |
| 5 | 三木 康弘 | 305,003 | 3.05% |
| 6 | 株式会社阿波銀行 | 296,970 | 2.97% |
| 7 | 東京濾器株式会社 | 288,000 | 2.88% |
| 8 | 三木 悠太郎 | 251,000 | 2.51% |
| 9 | 阿波製紙従業員持株会 | 201,500 | 2.01% |
| 10 | 株式会社徳島大正銀行 | 200,000 | 2.00% |
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.