As reported in the annual securities report, 2025-10-31.
| Foreign institutions | 0.58% |
|---|---|
| Individuals | 79.53% |
| Top 10 holders | 61.28% |
| Total shareholders | 10,383 |
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 |
|---|---|---|
| Individuals & others | 79.53% | 10,199 |
| Other corporations | 11.06% | 96 |
| Financial institutions | 6.61% | 8 |
| Securities firms | 2.04% | 23 |
| Foreign institutions | 0.58% | 17 |
| Foreign individuals | 0.19% | 40 |
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 | 山川 雅之 | 7,173,900 | 36.19% |
| 2 | シリアルインキュベート株式会社 | 1,900,800 | 9.59% |
| 3 | 裙本 理人 | 1,356,000 | 6.84% |
| 4 | 日本マスタートラスト信託銀行株式会社(信託口) | 1,089,300 | 5.49% |
| 5 | 株式会社日本カストディ銀行(信託口) | 172,100 | 0.86% |
| 6 | 楽天証券株式会社共有口 | 144,800 | 0.73% |
| 7 | 貴田 純一 | 119,300 | 0.60% |
| 8 | 花木 博彦 | 72,000 | 0.36% |
| 9 | セルソース社員持株会 | 62,800 | 0.31% |
| 10 | 雨宮 猛 | 62,700 | 0.31% |
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.