As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 28.91% |
|---|---|
| Individuals | 35.58% |
| Top 10 holders | 54.10% |
| Total shareholders | 9,313 |
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 | 35.58% | 8,973 |
| Foreign institutions | 28.91% | 154 |
| Financial institutions | 20.83% | 19 |
| Other corporations | 13.23% | 111 |
| Securities firms | 1.43% | 30 |
| Foreign individuals | 0.03% | 26 |
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 | 日本マスタートラスト信託銀行株式会社(信託口) | 4,384,500 | 13.45% |
| 2 | 公益財団法人佐藤陽国際奨学財団 | 3,786,200 | 11.61% |
| 3 | 株式会社日本カストディ銀行(信託口) | 1,965,800 | 6.03% |
| 4 | サトー社員持株会 | 1,938,900 | 5.95% |
| 5 | THE BANK OF NEW YORK 133612(常任代理人 株式会社みずほ銀行決済営業部) | 1,603,800 | 4.92% |
| 6 | 佐藤 静江 | 897,400 | 2.75% |
| 7 | 横井 美惠子 | 854,300 | 2.62% |
| 8 | 岩淵 真理 | 794,500 | 2.44% |
| 9 | STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人株式会社みずほ銀行決済営業部) | 734,200 | 2.25% |
| 10 | JP MORGAN CHASE BANK 385839(常任代理人株式会社みずほ銀行決済営業部) | 677,200 | 2.08% |
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.