As reported in the annual securities report, 2025-09-30.
| Foreign institutions | 1.05% |
|---|---|
| Individuals | 88.90% |
| Top 10 holders | 70.69% |
| Total shareholders | 2,489 |
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 | 88.90% | 2,414 |
| Other corporations | 5.12% | 23 |
| Securities firms | 4.58% | 12 |
| Foreign institutions | 1.05% | 17 |
| Foreign individuals | 0.33% | 22 |
| Financial institutions | 0.02% | 1 |
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 | 佐久間 亮輔 | 2,400,000 | 36.49% |
| 2 | 江口 元昭 | 1,600,000 | 24.33% |
| 3 | 株式会社メディアドゥ | 140,000 | 2.13% |
| 4 | 江口 弘尚 | 111,600 | 1.70% |
| 5 | 株式会社マイナビ | 80,000 | 1.22% |
| 6 | JPモルガン証券株式会社 | 76,309 | 1.16% |
| 7 | GMOクリック証券株式会社 | 76,300 | 1.16% |
| 8 | 楽天証券株式会社 | 56,600 | 0.86% |
| 9 | 斉井 政憲 | 55,000 | 0.84% |
| 10 | 株式会社SBI証券 | 52,947 | 0.80% |
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.