As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 16.82% |
|---|---|
| Individuals | 31.32% |
| Top 10 holders | 69.61% |
| Total shareholders | 5,823 |
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 |
|---|---|---|
| Other corporations | 36.32% | 41 |
| Individuals & others | 31.32% | 5,527 |
| Foreign institutions | 16.82% | 193 |
| Financial institutions | 13.85% | 19 |
| Securities firms | 1.68% | 28 |
| Foreign individuals | 0.01% | 15 |
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 | 合同会社キーウェスト・ネットワーク | 30,187,000 | 34.04% |
| 2 | 金丸 恭文 | 11,117,000 | 12.53% |
| 3 | 日本マスタートラスト信託銀行株式会社(信託口) | 7,284,000 | 8.21% |
| 4 | SGホールディングス株式会社 | 4,000,000 | 4.51% |
| 5 | 株式会社日本カストディ銀行(信託口) | 3,234,000 | 3.64% |
| 6 | 野村信託銀行株式会社(投信口) | 1,471,000 | 1.65% |
| 7 | 石橋 国人 | 1,236,000 | 1.39% |
| 8 | フューチャー従業員持株会 | 1,187,000 | 1.33% |
| 9 | モリヤマ ヒロシ | 1,164,000 | 1.31% |
| 10 | BNP PARIBAS LUXEMBOURG/2 S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS(常任代理人 香港上海銀行東京支店) | 890,000 | 1.00% |
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.