As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.24% |
|---|---|
| Individuals | 41.89% |
| Top 10 holders | 54.80% |
| Total shareholders | 6,266 |
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 | 46.93% | 68 |
| Individuals & others | 41.89% | 6,158 |
| Financial institutions | 9.26% | 6 |
| Foreign institutions | 1.24% | 13 |
| Securities firms | 0.62% | 9 |
| Foreign individuals | 0.05% | 12 |
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 | 株式会社森下泰山 | 1,095,200 | 26.80% |
| 2 | ロート製薬株式会社 | 355,000 | 8.60% |
| 3 | 公益財団法人森下仁丹奨学会 | 211,200 | 5.10% |
| 4 | 株式会社三菱UFJ銀行 | 132,000 | 3.20% |
| 5 | 日本生命保険相互会社 | 111,000 | 2.70% |
| 6 | 株式会社ラクサン | 106,400 | 2.60% |
| 7 | 株式会社徳島大正銀行 | 88,000 | 2.10% |
| 8 | 森下仁丹取引先持株会 | 65,200 | 1.50% |
| 9 | 三菱UFJ信託銀行株式会社 | 51,000 | 1.20% |
| 10 | ピップ株式会社 | 43,200 | 1.00% |
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.