As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 16.76% |
|---|---|
| Individuals | 26.17% |
| Top 10 holders | 71.99% |
| Total shareholders | 11,446 |
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 | 51.39% | 82 |
| Individuals & others | 26.17% | 11,201 |
| Foreign institutions | 16.76% | 75 |
| Financial institutions | 5.08% | 10 |
| Securities firms | 0.51% | 18 |
| Foreign individuals | 0.08% | 60 |
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 | 株式会社コッコウ | 26,009,000 | 37.57% |
| 2 | 株式会社メディパルホールディングス | 7,063,000 | 10.20% |
| 3 | ゴールドマン・サックス・インターナショナル(常任代理人ゴールドマン・サックス証券株式会社) | 3,645,000 | 5.27% |
| 4 | ゴールドマン・サックス・アンド・カンパニー レギュラーアカウント(常任代理人ゴールドマン・サックス証券株式会社) | 3,461,000 | 5.00% |
| 5 | 日本マスタートラスト信託銀行株式会社(信託口) | 2,687,000 | 3.88% |
| 6 | 國光 宏昌 | 2,046,000 | 2.96% |
| 7 | エプソン販売株式会社 | 1,959,000 | 2.83% |
| 8 | NORTHERN TRUST CO.(AVFC)RE NON TREATY CLIENTS ACCOUNT(常任代理人香港上海銀行東京支店) | 1,432,000 | 2.07% |
| 9 | EMシステムズ従業員持株会 | 925,000 | 1.34% |
| 10 | アルフレッサホールディングス株式会社 | 600,000 | 0.87% |
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.