As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 22.30% |
|---|---|
| Individuals | 60.89% |
| Top 10 holders | 50.31% |
| Total shareholders | 14,853 |
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 | 60.89% | 14,603 |
| Foreign institutions | 22.30% | 42 |
| Financial institutions | 8.28% | 8 |
| Other corporations | 6.68% | 77 |
| Securities firms | 1.74% | 22 |
| Foreign individuals | 0.11% | 101 |
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 | ROYAL BANK OF CANADA SINGAPORE BRANCH-CLIENT’S A/C(常任代理人 シティバンク、エヌ・エイ東京支店) | 3,852,765 | 7.67% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 3,426,100 | 6.82% |
| 3 | 柴田 高 | 3,330,431 | 6.63% |
| 4 | 柴田 仁 | 3,298,810 | 6.56% |
| 5 | NOMURA SINGAPORE LIMITEDCUSTOMER SEGREGATED A/C FJ-1309(常任代理人 野村證券株式会社) | 3,185,900 | 6.34% |
| 6 | ZONGYI SOLAR POWER(LUXEMBOURG)(常任代理人 シティバンク、エヌ・エイ東京支店) | 2,129,400 | 4.24% |
| 7 | 柴田 晃宏 | 1,899,445 | 3.78% |
| 8 | 興和株式会社 | 1,508,000 | 3.00% |
| 9 | 柴田 穣 | 1,336,054 | 2.66% |
| 10 | アース製薬株式会社 | 1,311,400 | 2.61% |
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.