As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 1.79% |
|---|---|
| Individuals | 37.41% |
| Top 10 holders | 47.55% |
| Total shareholders | 17,147 |
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 |
|---|---|---|
| Other corporations | 59.23% | 110 |
| Individuals & others | 37.41% | 16,941 |
| Foreign institutions | 1.79% | 28 |
| Securities firms | 1.47% | 18 |
| Foreign individuals | 0.07% | 48 |
| Financial institutions | 0.03% | 2 |
| Government | 0.00% | — |
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 | 山河企画有限会社 | 1,359,750 | 7.33% |
| 2 | 柏温泉リゾート株式会社 | 1,205,000 | 6.50% |
| 3 | 株式会社トーテム | 1,200,000 | 6.47% |
| 4 | 株式会社船カンショートコース | 1,200,000 | 6.47% |
| 5 | 株式会社広共 | 900,000 | 4.85% |
| 6 | 株式会社RND | 700,000 | 3.77% |
| 7 | ロイヤル観光有限会社 | 650,000 | 3.50% |
| 8 | 有限会社MBL | 625,000 | 3.37% |
| 9 | 株式会社ハッピーリゾート | 511,850 | 2.76% |
| 10 | 株式会社広共コーポレーション | 468,450 | 2.53% |
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.