As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 25.39% |
|---|---|
| Individuals | 26.55% |
| Top 10 holders | 55.30% |
| Total shareholders | 11,959 |
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 |
|---|---|---|
| Other corporations | 26.88% | 75 |
| Individuals & others | 26.55% | 11,656 |
| Foreign institutions | 25.39% | 135 |
| Financial institutions | 18.02% | 11 |
| Securities firms | 3.13% | 32 |
| Foreign individuals | 0.03% | 50 |
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 | 伊藤忠商事株式会社 | 8,200,000 | 9.93% |
| 2 | 株式会社インターネットイニシアティブ | 7,920,000 | 9.59% |
| 3 | 日本マスタートラスト信託銀行株式会社(信託口) | 7,528,800 | 9.12% |
| 4 | 株式会社インテック | 6,585,000 | 7.98% |
| 5 | 株式会社日本カストディ銀行(信託口) | 6,442,545 | 7.80% |
| 6 | STATE STREET BANK AND TRUST COMPANY 505301(常任代理人 株式会社みずほ銀行決済営業部) | 2,057,067 | 2.49% |
| 7 | BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS(常任代理人 香港上海銀行東京支店) | 2,050,000 | 2.48% |
| 8 | NORTHERN TRUST CO.(AVFC) RE IEDU UCITS CLIENTS NON LENDING 15 PCT TREATY ACCOUNT(常任代理人 香港上海銀行東京支店) | 2,000,000 | 2.42% |
| 9 | シグマクシス従業員持株会 | 1,761,800 | 2.13% |
| 10 | STATE STREET BANK AND TRUST COMPANY 505025(常任代理人 株式会社みずほ銀行決済営業部) | 1,122,690 | 1.36% |
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.