As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 17.63% |
|---|---|
| Individuals | 43.87% |
| Top 10 holders | 45.55% |
| Total shareholders | 4,984 |
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 | 43.87% | 4,815 |
| Financial institutions | 26.13% | 15 |
| Foreign institutions | 17.63% | 76 |
| Other corporations | 10.37% | 43 |
| Securities firms | 1.97% | 25 |
| Foreign individuals | 0.02% | 10 |
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) | 1,432,500 | 11.90% |
| 2 | 光通信株式会社 | 950,900 | 7.90% |
| 3 | NIPPON ACTIVE VALUE FUND PLC(常任代理人 香港上海銀行東京支店) | 913,100 | 7.58% |
| 4 | 株式会社日本カストディ銀行(信託口) | 382,700 | 3.18% |
| 5 | NORTHERN TRUST CO.(AVFC)RE IEDP AIF CLIENTS NON TREATY ACCOUNT(常任代理人 香港上海銀行東京支店) | 360,000 | 2.99% |
| 6 | 株式会社みずほ銀行 | 300,000 | 2.49% |
| 7 | 日本生命保険相互会社 | 300,000 | 2.49% |
| 8 | 鈴木 久司 | 298,805 | 2.48% |
| 9 | 三井住友信託銀行株式会社 | 298,000 | 2.47% |
| 10 | 荏原実業社員持株会 | 250,100 | 2.07% |
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.