As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 4.39% |
|---|---|
| Individuals | 49.02% |
| Top 10 holders | 59.38% |
| Total shareholders | 2,043 |
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 |
|---|---|---|
| Individuals & others | 49.02% | 1,932 |
| Other corporations | 29.21% | 67 |
| Securities firms | 12.67% | 18 |
| Financial institutions | 4.64% | 3 |
| Foreign institutions | 4.39% | 15 |
| Foreign individuals | 0.08% | 8 |
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 | 株式会社エールユー | 1,122,300 | 25.61% |
| 2 | 株式会社SBI証券 | 381,900 | 8.71% |
| 3 | JICベンチャー・グロース・ファンド1号投資事業有限責任組合 | 270,110 | 6.16% |
| 4 | MICイノベーション5号投資事業有限責任組合 | 180,080 | 4.11% |
| 5 | 栗山 規夫 | 169,450 | 3.87% |
| 6 | Spiral Capital Japan Fund2号投資事業有限責任組合 | 157,580 | 3.60% |
| 7 | 株式会社日本カストディ銀行(信託口) | 92,800 | 2.12% |
| 8 | SBI4&5投資事業有限責任組合 | 90,040 | 2.05% |
| 9 | ニッセイ・キャピタル9号投資事業有限責任組合 | 70,460 | 1.61% |
| 10 | 楽天証券株式会社共有口 | 67,400 | 1.54% |
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.