As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 9.37% |
|---|---|
| Individuals | 78.10% |
| Top 10 holders | 71.98% |
| Total shareholders | 2,511 |
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 | 78.10% | 2,423 |
| Foreign institutions | 9.37% | 26 |
| Securities firms | 8.27% | 19 |
| Other corporations | 3.65% | 23 |
| Financial institutions | 0.45% | 2 |
| Foreign individuals | 0.16% | 18 |
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 | 白石 崇 | 2,478,000 | 48.35% |
| 2 | INTERACTIVE BROKERS LLC(常任代理人 インタラクティブ・ブローカーズ証券株式会社) | 255,000 | 4.97% |
| 3 | 大和証券株式会社 | 182,000 | 3.55% |
| 4 | モルガン・スタンレーMUFG証券株式会社 | 177,000 | 3.46% |
| 5 | 新沼 吾史 | 160,000 | 3.12% |
| 6 | 株式会社チェンジホールディングス | 116,000 | 2.26% |
| 7 | WILL FIELD CAPITAL PTE. LTD.(常任代理人 三田証券株式会社) | 100,000 | 1.95% |
| 8 | 槇田 重夫 | 87,000 | 1.71% |
| 9 | 上田八木短資株式会社 | 83,000 | 1.62% |
| 10 | ライトアップ従業員持株会 | 51,000 | 0.99% |
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.