As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 5.04% |
|---|---|
| Individuals | 46.29% |
| Top 10 holders | 38.16% |
| Total shareholders | 21,725 |
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 | 46.29% | 21,466 |
| Other corporations | 34.27% | 141 |
| Financial institutions | 13.24% | 12 |
| Foreign institutions | 5.04% | 54 |
| Foreign individuals | 0.59% | 39 |
| Securities firms | 0.58% | 13 |
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 | エステー株式会社 | 1,728,000 | 10.48% |
| 2 | 公益財団法人 大下財団 | 1,327,000 | 8.05% |
| 3 | 株式会社みずほ銀行 | 580,000 | 3.52% |
| 4 | 株式会社広島銀行 | 574,000 | 3.48% |
| 5 | 大下産業株式会社 | 561,000 | 3.40% |
| 6 | 住友化学株式会社 | 433,000 | 2.63% |
| 7 | 福山通運株式会社 | 300,000 | 1.82% |
| 8 | 大下 一明 | 285,000 | 1.73% |
| 9 | 大下 俊明 | 259,000 | 1.57% |
| 10 | 株式会社日本カストディ銀行(信託口) | 244,000 | 1.48% |
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.