As reported in the annual securities report, 2025-10-20.
| Foreign institutions | 0.50% |
|---|---|
| Individuals | 72.74% |
| Top 10 holders | 51.63% |
| Total shareholders | 1,777 |
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 | 72.74% | 1,700 |
| Other corporations | 17.25% | 42 |
| Financial institutions | 6.49% | 4 |
| Securities firms | 2.98% | 17 |
| Foreign institutions | 0.50% | 9 |
| Foreign individuals | 0.04% | 5 |
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 | 中山 輝也 | 820,000 | 14.64% |
| 2 | 中山 正子 | 466,000 | 8.33% |
| 3 | 東京中小企業投資育成株式会社 | 231,000 | 4.13% |
| 4 | キタック社員持株会 | 212,000 | 3.80% |
| 5 | 株式会社第四北越銀行 | 208,000 | 3.71% |
| 6 | 公益財団法人知足美術館 | 203,000 | 3.63% |
| 7 | 中山 道子 | 197,000 | 3.52% |
| 8 | 五十嵐 英輝 | 190,000 | 3.41% |
| 9 | パシフィックコンサルタンツ株式会社 | 181,000 | 3.23% |
| 10 | 株式会社ナカノアイシステム | 181,000 | 3.23% |
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.