As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 6.74% |
|---|---|
| Individuals | 63.58% |
| Top 10 holders | 57.73% |
| Total shareholders | 4,429 |
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 | 63.58% | 4,269 |
| Other corporations | 23.39% | 64 |
| Foreign institutions | 6.74% | 49 |
| Securities firms | 3.24% | 23 |
| Financial institutions | 2.99% | 3 |
| Foreign individuals | 0.06% | 21 |
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 | 金子武史 | 2,340,000 | 14.42% |
| 2 | 株 式 会 社 B I P E D | 1,400,000 | 8.63% |
| 3 | 芸 陽 線 材 株 式 会 社 | 907,700 | 5.59% |
| 4 | 下村克則 | 860,000 | 5.30% |
| 5 | グ ッ ド エ コ 株 式 会 社 | 750,000 | 4.62% |
| 6 | 中島数晃 | 700,000 | 4.31% |
| 7 | 田口紀成 | 685,000 | 4.22% |
| 8 | 髙盛豊文 | 670,000 | 4.13% |
| 9 | 津野尾肇 | 590,000 | 3.64% |
| 10 | 光通信KK投資事業有限責任組合 | 465,500 | 2.87% |
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.