As reported in the annual securities report, 2025-09-30.
| Foreign institutions | 8.71% |
|---|---|
| Individuals | 67.47% |
| Top 10 holders | 59.68% |
| Total shareholders | 20,500 |
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 | 67.47% | 19,972 |
| Financial institutions | 13.90% | 16 |
| Foreign institutions | 8.71% | 154 |
| Other corporations | 8.04% | 218 |
| Securities firms | 1.72% | 34 |
| Foreign individuals | 0.16% | 106 |
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 | 上野山 勝也 | 9,455,500 | 30.35% |
| 2 | 山田 尚史(注)2 | 2,390,300 | 7.67% |
| 3 | 日本マスタートラスト信託銀行株式会社(信託口) | 2,147,200 | 6.89% |
| 4 | 株式会社LUCE Capital(注)3 | 1,106,000 | 3.55% |
| 5 | 株式会社日本カストディ銀行(信託口) | 894,600 | 2.87% |
| 6 | トヨタ自動車株式会社 | 766,600 | 2.46% |
| 7 | 日本証券金融株式会社 | 614,900 | 1.97% |
| 8 | BNYM AS AGT/CLTS 10 PERCENT(常任代理人 株式会社三菱UFJ銀行決済事業部) | 562,515 | 1.81% |
| 9 | 松尾 豊 | 389,400 | 1.25% |
| 10 | 株式会社静岡銀行 | 268,500 | 0.86% |
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.