As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 15.18% |
|---|---|
| Individuals | 39.38% |
| Top 10 holders | 43.41% |
| Total shareholders | 7,386 |
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 | 39.38% | 7,060 |
| Financial institutions | 30.08% | 20 |
| Foreign institutions | 15.18% | 111 |
| Other corporations | 10.60% | 152 |
| Securities firms | 4.74% | 24 |
| Foreign individuals | 0.02% | 18 |
| Government | 0.01% | 1 |
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) | 3,189,000 | 14.65% |
| 2 | 株式会社日本カストディ銀行(信託口) | 1,733,000 | 7.96% |
| 3 | エスペック取引先持株会 | 1,630,000 | 7.49% |
| 4 | エスペック従業員持株会 | 744,000 | 3.42% |
| 5 | 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社) | 553,000 | 2.54% |
| 6 | BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURGFUNDS/UCITS ASSETS(常任代理人 香港上海銀行東京支店) | 445,000 | 2.04% |
| 7 | モルガン・スタンレーMUFG証券株式会社 | 327,000 | 1.50% |
| 8 | 株式会社日本カストディ銀行(信託E口) | 287,000 | 1.32% |
| 9 | 第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行) | 276,000 | 1.26% |
| 10 | 住友生命保険相互会社(常任代理人 株式会社日本カストディ銀行) | 268,000 | 1.23% |
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.