As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 13.34% |
|---|---|
| Individuals | 33.49% |
| Top 10 holders | 55.57% |
| Total shareholders | 3,993 |
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 | 33.49% | 3,550 |
| Financial institutions | 30.95% | 16 |
| Other corporations | 21.82% | 246 |
| Foreign institutions | 13.34% | 147 |
| Securities firms | 0.39% | 23 |
| Foreign individuals | 0.01% | 11 |
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 | シコク共栄会 | 4,779,000 | 11.00% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 4,348,000 | 10.01% |
| 3 | 日清紡ホールディングス株式会社 | 4,120,000 | 9.48% |
| 4 | 日本生命保険相互会社 | 3,295,000 | 7.58% |
| 5 | 株式会社日本カストディ銀行(信託口) | 2,771,000 | 6.38% |
| 6 | 日本マスタートラスト信託銀行株式会社(退職給付信託口・株式会社百十四銀行口) | 1,320,000 | 3.04% |
| 7 | 株式会社香川銀行 | 1,250,000 | 2.87% |
| 8 | 四国化成従業員持株会 | 871,000 | 2.00% |
| 9 | 太陽ホールディングス株式会社 | 745,000 | 1.71% |
| 10 | 西川謙太郎 | 654,000 | 1.50% |
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.