As reported in the annual securities report, 2026-05-31.
| Foreign institutions | 3.17% |
|---|---|
| Individuals | 45.84% |
| Top 10 holders | 74.20% |
| Total shareholders | 3,565 |
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 | 45.84% | 3,475 |
| Other corporations | 40.97% | 24 |
| Financial institutions | 8.15% | 4 |
| Foreign institutions | 3.17% | 29 |
| Securities firms | 1.85% | 22 |
| Foreign individuals | 0.02% | 11 |
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 | 合同会社理力 | 8,700,000 | 36.33% |
| 2 | 塚田 耕司 | 4,802,800 | 20.06% |
| 3 | 株式会社日本カストディ銀行(信託口) | 1,187,000 | 4.95% |
| 4 | 株式会社マイナビ | 870,400 | 3.63% |
| 5 | 日本マスタートラスト信託銀行株式会社(信託口) | 716,900 | 2.99% |
| 6 | 阿部 圭司 | 371,200 | 1.55% |
| 7 | 西山 真吾 | 300,100 | 1.25% |
| 8 | CACEIS BANK/QUINTET LUXEMBOURG SUB AC/UCITS CUSTOMERS ACCOUNT(常任代理人 香港上海銀行東京支店) | 298,600 | 1.24% |
| 9 | 岡田 吉弘 | 280,000 | 1.16% |
| 10 | 喜多 宏介 | 250,800 | 1.04% |
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.