As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 3.31% |
|---|---|
| Individuals | 27.18% |
| Top 10 holders | 76.38% |
| Total shareholders | 7,680 |
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 | 64.02% | 63 |
| Individuals & others | 27.18% | 7,513 |
| Financial institutions | 3.53% | 9 |
| Foreign institutions | 3.31% | 38 |
| Securities firms | 1.93% | 24 |
| Foreign individuals | 0.03% | 33 |
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 | 株式会社アップワード | 9,400,244 | 52.31% |
| 2 | 東京濾器株式会社 | 1,405,600 | 7.82% |
| 3 | 光通信KK投資事業有限責任組合 | 807,600 | 4.49% |
| 4 | 日本総合住生活株式会社 | 770,000 | 4.28% |
| 5 | 日本マスタートラスト信託銀行株式会社(信託口) | 503,500 | 2.80% |
| 6 | CACEIS BANK, LUXEMBOURG BRANCH/AIF CLIENTS ASSETS(常任代理人 香港上海銀行東京支店 カストディ業務部) | 323,300 | 1.80% |
| 7 | 光通信株式会社 | 233,000 | 1.30% |
| 8 | 東計電算社員持株会 | 101,612 | 0.57% |
| 9 | 株式会社日本カストディ銀行(信託口) | 93,700 | 0.52% |
| 10 | CACEIS BANK/QUINTET LUXEMBOURG SUB AC/UCITS CUSTOMERS ACCOUNT(常任代理人 香港上海銀行東京支店 カストディ業務部) | 87,300 | 0.49% |
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.