As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 10.34% |
|---|---|
| Individuals | 35.38% |
| Top 10 holders | 41.86% |
| Total shareholders | 5,781 |
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 | 35.38% | 5,503 |
| Financial institutions | 27.75% | 22 |
| Other corporations | 24.88% | 156 |
| Foreign institutions | 10.34% | 70 |
| Securities firms | 1.64% | 26 |
| Government | 0.00% | 1 |
| Foreign individuals | 0.00% | 3 |
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 | 日本マスタートラスト信託銀行㈱(信託口) | 1,615,000 | 9.79% |
| 2 | 丸紅㈱ | 923,000 | 5.59% |
| 3 | ㈱日本カストディ銀行(信託口) | 864,000 | 5.24% |
| 4 | 日本製紙㈱ | 719,000 | 4.35% |
| 5 | ホッカンホールディングス㈱ | 604,000 | 3.66% |
| 6 | トーモク社員持株会 | 540,000 | 3.27% |
| 7 | 特種東海製紙㈱ | 540,000 | 3.27% |
| 8 | ㈱みずほ銀行(常任代理人 ㈱日本カストディ銀行) | 388,000 | 2.35% |
| 9 | 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行㈱) | 388,000 | 2.35% |
| 10 | 三菱UFJ信託銀行㈱(常任代理人 日本マスタートラスト信託銀行㈱) | 329,000 | 1.99% |
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.