As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 2.25% |
|---|---|
| Individuals | 56.97% |
| Top 10 holders | 37.18% |
| Total shareholders | 3,394 |
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 | 56.97% | 3,297 |
| Other corporations | 22.29% | 37 |
| Financial institutions | 12.07% | 10 |
| Securities firms | 6.39% | 19 |
| Foreign institutions | 2.25% | 24 |
| Foreign individuals | 0.02% | 6 |
| Government | 0.00% | 1 |
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 | 伊藤忠商事株式会社 | 1,777,000 | 9.00% |
| 2 | 株式会社西京銀行 | 963,000 | 4.88% |
| 3 | 安藤パラケミー株式会社 | 851,000 | 4.31% |
| 4 | 山九株式会社 | 802,000 | 4.06% |
| 5 | 清水 潔 | 758,000 | 3.84% |
| 6 | 株式会社山口銀行 | 633,000 | 3.21% |
| 7 | 三菱UFJ信託銀行株式会社 | 550,000 | 2.78% |
| 8 | 松井証券株式会社 | 376,000 | 1.90% |
| 9 | 高城 裕(常任代理人 三田証券株式会社) | 331,000 | 1.68% |
| 10 | 日本精蠟従業員持株会 | 300,000 | 1.52% |
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.