As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.59% |
|---|---|
| Individuals | 46.06% |
| Top 10 holders | 65.06% |
| Total shareholders | 35,641 |
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 | 46.06% | 35,139 |
| Other corporations | 45.34% | 290 |
| Financial institutions | 6.61% | 12 |
| Foreign institutions | 1.59% | 50 |
| Securities firms | 0.31% | 15 |
| Foreign individuals | 0.09% | 135 |
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 | 株式会社ナガセ | 3,498,000 | 18.84% |
| 2 | 河端 真一 | 1,941,000 | 10.45% |
| 3 | 英進館株式会社 | 1,842,000 | 9.92% |
| 4 | 福山産業株式会社 | 954,000 | 5.13% |
| 5 | 株式会社明光ネットワークジャパン | 951,000 | 5.12% |
| 6 | 日本マスタートラスト信託銀行株式会社(信託口) | 905,000 | 4.87% |
| 7 | 早稲田アカデミー従業員持株会 | 840,000 | 4.52% |
| 8 | 株式会社学研ホールディングス | 526,000 | 2.83% |
| 9 | 教育開発出版株式会社 | 330,000 | 1.77% |
| 10 | 株式会社ケーエスコーポレイション | 300,000 | 1.61% |
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.