As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 2.40% |
|---|---|
| Individuals | 27.90% |
| Top 10 holders | 74.90% |
| Total shareholders | 6,938 |
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 | 67.07% | 89 |
| Individuals & others | 27.90% | 6,808 |
| Foreign institutions | 2.40% | 12 |
| Financial institutions | 1.63% | 2 |
| Foreign individuals | 0.51% | 14 |
| Securities firms | 0.48% | 13 |
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 | ニフティ株式会社 | 4,150,000 | 65.30% |
| 2 | 木下 圭一郎 | 190,300 | 3.00% |
| 3 | 株式会社日本カストディ銀行(信託口) | 103,600 | 1.60% |
| 4 | 丸田 稔 | 62,600 | 1.00% |
| 5 | 藪 太一 | 57,000 | 0.90% |
| 6 | 株式会社白夜書房 | 54,800 | 0.90% |
| 7 | RE FUND 107-CLIENT AC(常任代理人 シティバンク、エヌ・エイ東京支店) | 45,900 | 0.70% |
| 8 | 成田 隆志 | 31,114 | 0.50% |
| 9 | BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE(常任代理人 株式会社三井住友銀行) | 30,700 | 0.50% |
| 10 | CALLON SAM ANDERBERG | 29,100 | 0.50% |
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.