As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 4.75% |
|---|---|
| Individuals | 64.75% |
| Top 10 holders | 43.45% |
| Total shareholders | 21,377 |
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 | 64.75% | 20,975 |
| Other corporations | 14.59% | 190 |
| Financial institutions | 13.39% | 12 |
| Foreign institutions | 4.75% | 67 |
| Securities firms | 2.37% | 23 |
| Foreign individuals | 0.15% | 110 |
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 | 株式会社イー・エムプランニング | 2,170,000 | 11.76% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 1,828,000 | 9.91% |
| 3 | 松波 明宏 | 680,000 | 3.69% |
| 4 | 株式会社きらぼし銀行 | 663,000 | 3.59% |
| 5 | 公益財団法人マース奨学財団 | 500,000 | 2.71% |
| 6 | 松波 廣和 | 480,000 | 2.60% |
| 7 | 松波 香代子 | 480,000 | 2.60% |
| 8 | 永井 美香 | 432,000 | 2.34% |
| 9 | 株式会社日本カストディ銀行(信託口) | 406,000 | 2.20% |
| 10 | 株式会社三共 | 377,000 | 2.05% |
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.