As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 14.59% |
|---|---|
| Individuals | 32.91% |
| Top 10 holders | 60.99% |
| Total shareholders | 21,851 |
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.
| Investor category | Holding % | Shareholders |
|---|---|---|
| Other corporations | 47.73% | 475 |
| Individuals & others | 32.91% | 21,197 |
| Foreign institutions | 14.59% | 49 |
| Securities firms | 3.34% | 23 |
| Financial institutions | 1.25% | 3 |
| Foreign individuals | 0.18% | 104 |
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 | BVアセット株式会社 | 23,470,020 | 45.00% |
| 2 | BCPE SAY CAYMAN, L.P.(常任代理人 SMBC日興証券株式会社) | 2,721,240 | 5.22% |
| 3 | 大谷 彰宏 | 2,086,224 | 4.00% |
| 4 | BCPE SAY CAYMAN2, L.P.(常任代理人 SMBC日興証券株式会社) | 748,216 | 1.43% |
| 5 | 三菱UFJモルガン・スタンレー証券株式会社 | 690,700 | 1.32% |
| 6 | BBH FOR MATTHEWS JAPAN FUND(常任代理人 株式会社三菱UFJ銀行) | 548,800 | 1.05% |
| 7 | モルガン・スタンレーMUFG証券株式会社 | 465,800 | 0.89% |
| 8 | BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS-DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE(常任代理人 株式会社三井住友銀行) | 403,000 | 0.77% |
| 9 | 日本マスタートラスト信託銀行株式会社(信託口) | 380,100 | 0.73% |
| 10 | THE BANK OF NEW YORK 134088(常任代理人 株式会社みずほ銀行) | 300,000 | 0.58% |
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.