As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 1.50% |
|---|---|
| Individuals | 69.44% |
| Top 10 holders | 49.39% |
| Total shareholders | 10,281 |
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 | 69.44% | 10,169 |
| Other corporations | 24.01% | 51 |
| Securities firms | 3.49% | 32 |
| Financial institutions | 1.53% | 4 |
| Foreign institutions | 1.50% | 12 |
| Foreign individuals | 0.04% | 13 |
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 | 株式会社Feel | 3,094,000 | 21.76% |
| 2 | 下平 雄二 | 1,587,400 | 11.16% |
| 3 | 土木管理総合試験所従業員持株会 | 609,165 | 4.28% |
| 4 | 下平 美奈子 | 444,800 | 3.13% |
| 5 | 下平 絵里加 | 284,000 | 2.00% |
| 6 | 下平 真里奈 | 284,000 | 2.00% |
| 7 | 松本土建株式会社 | 220,500 | 1.55% |
| 8 | 株式会社SBI証券 | 205,600 | 1.45% |
| 9 | 外池 榮一郎 | 150,000 | 1.05% |
| 10 | 母袋 道也 | 143,000 | 1.01% |
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.