As reported in the annual securities report, 2026-05-31.
| Foreign institutions | 2.97% |
|---|---|
| Individuals | 84.21% |
| Top 10 holders | 84.55% |
| Total shareholders | 1,486 |
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 | 84.21% | 1,433 |
| Financial institutions | 5.89% | 2 |
| Securities firms | 4.39% | 16 |
| Foreign institutions | 2.97% | 16 |
| Other corporations | 2.50% | 11 |
| Foreign individuals | 0.04% | 8 |
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 | 幾嶋 研三郎 | 3,234,800 | 65.68% |
| 2 | 株式会社日本カストディ銀行(信託口) | 300,000 | 6.09% |
| 3 | 上赤 一馬 | 194,500 | 3.94% |
| 4 | 株式会社SBI証券 | 167,046 | 3.39% |
| 5 | 株式会社としすみ | 96,000 | 1.94% |
| 6 | BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE(常任代理人 三井住友銀行) | 49,500 | 1.00% |
| 7 | RE FUND 107-CLIENT AC(常任代理人 シティバンク、エヌ・エー東京支店) | 36,800 | 0.74% |
| 8 | 指田 恭平 | 32,572 | 0.66% |
| 9 | 楽天証券株式会社 | 29,000 | 0.58% |
| 10 | NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN(CASHPB)(常任代理人 野村證券株式会社) | 26,500 | 0.53% |
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.