As reported in the annual securities report, 2026-01-31.
| Foreign institutions | 2.26% |
|---|---|
| Individuals | 93.40% |
| Top 10 holders | 75.75% |
| Total shareholders | 5,761 |
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 | 93.40% | 5,662 |
| Securities firms | 2.88% | 16 |
| Foreign institutions | 2.26% | 17 |
| Other corporations | 1.14% | 28 |
| Foreign individuals | 0.29% | 36 |
| Financial institutions | 0.03% | 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 | 赤松 洋介 | 7,035,000 | 50.37% |
| 2 | イーストベンチャーズ投資事業有限責任組合 | 2,080,000 | 14.89% |
| 3 | 伊藤 将雄 | 320,000 | 2.29% |
| 4 | 山本 裕治 | 270,000 | 1.93% |
| 5 | 芝岡 寛之 | 240,000 | 1.72% |
| 6 | 楽天証券株式会社 | 211,000 | 1.51% |
| 7 | MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | 152,000 | 1.09% |
| 8 | SUPER STATE HOLDINGS株式会社 | 118,000 | 0.85% |
| 9 | 株式会社SBI証券 | 89,000 | 0.64% |
| 10 | ABN AMRO CLEARING BANK N.V., SINGAPORE BRANCH(常任代理人 エービーエヌ・アムロ・クリアリング証券株式会社) | 63,000 | 0.46% |
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.