As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 0.95% |
|---|---|
| Individuals | 78.93% |
| Top 10 holders | 76.73% |
| Total shareholders | 4,448 |
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 | 78.93% | 4,351 |
| Other corporations | 17.77% | 24 |
| Securities firms | 2.14% | 18 |
| Foreign institutions | 0.95% | 19 |
| Foreign individuals | 0.14% | 34 |
| Financial institutions | 0.07% | 2 |
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 | 福島 弘明 | 2,331,000 | 20.07% |
| 2 | SBI Ventures Two株式会社 | 1,726,500 | 14.87% |
| 3 | 中村 雅也 | 1,177,000 | 10.13% |
| 4 | 岡野 栄之 | 1,166,000 | 10.04% |
| 5 | 大和日台バイオベンチャー2号投資事業有限責任組合 | 1,143,000 | 9.84% |
| 6 | かごしまバリューアップ投資事業有限責任組合 | 641,000 | 5.52% |
| 7 | アルフレッサホールディングス株式会社 | 315,700 | 2.71% |
| 8 | テクノロジーベンチャーズ5号投資事業有限責任組合 | 234,800 | 2.02% |
| 9 | モルガン・スタンレーMUFG証券株式会社 | 99,600 | 0.85% |
| 10 | 吉田 勝則 | 80,000 | 0.68% |
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.