As reported in the annual securities report, 2025-10-31.
| Foreign institutions | 4.57% |
|---|---|
| Individuals | 84.20% |
| Top 10 holders | 83.12% |
| Total shareholders | 2,735 |
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 | 84.20% | 2,655 |
| Securities firms | 8.58% | 19 |
| Foreign institutions | 4.57% | 21 |
| Other corporations | 2.48% | 31 |
| Financial institutions | 0.16% | 2 |
| Foreign individuals | 0.01% | 7 |
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 | 山木 学 | 12,401,100 | 61.13% |
| 2 | 株式会社SBI証券 | 1,363,843 | 6.72% |
| 3 | 阪田 和弘 | 914,400 | 4.51% |
| 4 | 水元 公仁 | 620,000 | 3.06% |
| 5 | 株式会社くふうカンパニーホールディングス | 386,300 | 1.90% |
| 6 | BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)(常任代理人 株式会社三菱UFJ銀行) | 322,206 | 1.59% |
| 7 | 楽天証券株式会社 | 312,300 | 1.54% |
| 8 | THE BANK OF NEW YORK MELLON 140040(常任代理人 株式会社みずほ銀行決済営業部) | 205,400 | 1.01% |
| 9 | THE BANK OF NEW YORK MELLON 140042(常任代理人 株式会社みずほ銀行決済営業部) | 204,300 | 1.01% |
| 10 | INTERACTIVE BROKERS LLC(常任代理人 インタラクティブ・ブローカーズ証券株式会社) | 130,900 | 0.65% |
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.