As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 10.02% |
|---|---|
| Individuals | 28.53% |
| Top 10 holders | 58.00% |
| Total shareholders | 3,504 |
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 | 45.76% | 109 |
| Individuals & others | 28.53% | 3,257 |
| Financial institutions | 12.06% | 12 |
| Foreign institutions | 10.02% | 89 |
| Securities firms | 3.60% | 28 |
| Foreign individuals | 0.03% | 9 |
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 | 株式会社陣屋コネクト | 2,200,000 | 38.71% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 452,000 | 7.95% |
| 3 | 山崎金属産業株式会社 | 134,000 | 2.35% |
| 4 | ティラド自社株投資会 | 103,000 | 1.82% |
| 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) | 99,000 | 1.75% |
| 6 | 株式会社日本カストディ銀行(信託口) | 97,000 | 1.72% |
| 7 | STATE STREET BANK AND TRUST COMPANY 505103 | 63,000 | 1.11% |
| 8 | 田中 博 | 52,000 | 0.92% |
| 9 | モルガン・スタンレーMUFG証券株式会社 | 48,000 | 0.85% |
| 10 | 嘉納 裕躬 | 47,000 | 0.82% |
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.