As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 5.37% |
|---|---|
| Individuals | 80.14% |
| Top 10 holders | 16.01% |
| Total shareholders | 40,535 |
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 | 80.14% | 40,151 |
| Other corporations | 9.96% | 109 |
| Foreign institutions | 5.37% | 39 |
| Securities firms | 2.81% | 24 |
| Foreign individuals | 1.07% | 209 |
| Financial institutions | 0.65% | 3 |
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 | 日本化薬株式会社 | 12,000,000 | 4.55% |
| 2 | マルホ株式会社 | 11,324,000 | 4.29% |
| 3 | MACQUARIE BANK LIMITED DBU AC | 8,451,200 | 3.20% |
| 4 | 楽天証券株式会社共有口 | 3,075,300 | 1.16% |
| 5 | 荒井好裕 | 1,584,545 | 0.60% |
| 6 | 磯貝裕之 | 1,584,200 | 0.60% |
| 7 | 日本証券金融株式会社 | 1,192,000 | 0.45% |
| 8 | MSIP CLIENT SECURITIES | 1,062,522 | 0.40% |
| 9 | 大西正一郎 | 1,004,200 | 0.38% |
| 10 | BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC) | 1,004,000 | 0.38% |
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.