As reported in the annual securities report, 2025-11-30.
| Foreign institutions | 1.31% |
|---|---|
| Individuals | 67.24% |
| Top 10 holders | 42.07% |
| Total shareholders | 21,167 |
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 | 67.24% | 20,983 |
| Other corporations | 28.94% | 125 |
| Financial institutions | 1.82% | 4 |
| Foreign institutions | 1.31% | 20 |
| Securities firms | 0.67% | 17 |
| Foreign individuals | 0.02% | 18 |
| Government | 0.00% | — |
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 | 王子ホールディングス株式会社 | 2,700,100 | 13.85% |
| 2 | 大王製紙株式会社 | 1,816,500 | 9.32% |
| 3 | 日本フイルコングループ従業員持株会 | 1,478,900 | 7.58% |
| 4 | 日本製紙株式会社 | 1,106,500 | 5.67% |
| 5 | 日本フエルト株式会社 | 300,000 | 1.54% |
| 6 | 竹 田 昌 弘 | 252,500 | 1.29% |
| 7 | 明治安田生命保険相互会社 | 200,400 | 1.03% |
| 8 | 名 倉 宏 之 | 137,100 | 0.70% |
| 9 | 齋 藤 芳 治 | 107,200 | 0.55% |
| 10 | 東京海上日動火災保険株式会社 | 105,700 | 0.54% |
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.