note inc.
TSE Growth
Shareholding pattern
As reported in the annual securities report, 2025-11-30.
| Foreign institutions | 17.91% |
|---|---|
| Individuals | 65.16% |
| Top 10 holders | 59.18% |
| Total shareholders | 12,514 |
Who owns the company
Share of voting unitsIndividuals & others 65.16%Foreign institutions 17.91%Other corporations 11.03%Securities firms 5.02%Financial institutions 0.77%Foreign individuals 0.11%
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.
Ownership Trend
Holding %, recent yearsForeign institutionsFinancial institutionsIndividualsOther corporationsSecurities firms
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.
Ownership detail
| Investor category | Holding % | Shareholders |
|---|---|---|
| Individuals & others | 65.16% | 12,341 |
| Foreign institutions | 17.91% | 29 |
| Other corporations | 11.03% | 60 |
| Securities firms | 5.02% | 32 |
| Financial institutions | 0.77% | 3 |
| Foreign individuals | 0.11% | 49 |
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.
Largest shareholders
| S.No. | Shareholder | Shares | Stake % |
|---|---|---|---|
| 1 | 加藤 貞顕 | 5,637,000 | 33.66% |
| 2 | Google International LLC（常任代理人 みずほ証券株式会社） | 984,200 | 5.88% |
| 3 | GOLDMAN SACHS INTERNATIONAL（常任代理人 ゴールドマン・サックス証券株式会社） | 970,000 | 5.79% |
| 4 | 株式会社日本経済新聞社 | 661,000 | 3.95% |
| 5 | NOMURA INTERNATIONAL PLC A/C JAPAN FLOW（常任代理人 野村證券株式会社） | 353,700 | 2.11% |
| 6 | 株式会社マイナビ | 297,300 | 1.78% |
| 7 | 株式会社イード | 277,700 | 1.66% |
| 8 | 株式会社テレビ東京ホールディングス | 273,400 | 1.63% |
| 9 | 楽天証券株式会社共有口 | 234,900 | 1.40% |
| 10 | JP JPMSE LUX RE UBSAG LONDON BRANCH EQCO（常任代理人 株式会社三菱UFJ銀行） | 221,100 | 1.32% |
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.