As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 16.50% |
|---|---|
| Individuals | 31.07% |
| Top 10 holders | 61.40% |
| Total shareholders | 5,781 |
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 |
|---|---|---|
| Financial institutions | 42.10% | 20 |
| Individuals & others | 31.07% | 5,270 |
| Foreign institutions | 16.50% | 175 |
| Other corporations | 9.41% | 281 |
| Securities firms | 0.91% | 23 |
| Foreign individuals | 0.01% | 12 |
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) | 3,890,000 | 8.65% |
| 2 | 第一生命保険株式会社 | 3,856,000 | 8.58% |
| 3 | 日本生命保険相互会社 | 3,762,000 | 8.37% |
| 4 | マックス共栄会第一持株会 | 3,621,000 | 8.06% |
| 5 | マックス共栄会第二持株会 | 3,247,000 | 7.22% |
| 6 | STATE STREET BA N K A N D T R U S T COMPANY 505010(常任代理人 株式会社みずほ銀行決済営業部) | 2,600,000 | 5.78% |
| 7 | 株式会社日本カストディ銀行(信託口) | 1,951,000 | 4.34% |
| 8 | 株式会社みずほ銀行 | 1,834,000 | 4.08% |
| 9 | 株式会社群馬銀行 | 1,714,000 | 3.81% |
| 10 | マックス従業員持株会 | 1,129,000 | 2.51% |
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.