As reported in the annual securities report, 2025-08-31.
| Foreign institutions | 2.26% |
|---|---|
| Individuals | 74.81% |
| Top 10 holders | 59.90% |
| Total shareholders | 4,210 |
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 | 74.81% | 4,110 |
| Other corporations | 15.82% | 35 |
| Securities firms | 4.11% | 24 |
| Foreign institutions | 2.26% | 23 |
| Financial institutions | 1.67% | 3 |
| Foreign individuals | 1.34% | 15 |
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 | 土屋尚史 | 3,000,040 | 34.34% |
| 2 | 株式会社サイバーエージェント | 717,300 | 8.21% |
| 3 | 株式会社ブルーローズ | 618,160 | 7.07% |
| 4 | 山下良久 | 173,400 | 1.98% |
| 5 | 孝橋将臣 | 171,200 | 1.96% |
| 6 | 日本マスタートラスト信託銀行株式会社(信託口T6K157001) | 148,000 | 1.69% |
| 7 | 楽天証券株式会社 | 116,300 | 1.33% |
| 8 | グッドパッチ従業員持株会 | 111,900 | 1.28% |
| 9 | Jitsukata Boris Friedrich | 96,600 | 1.10% |
| 10 | JPモルガン証券株式会社 | 82,213 | 0.94% |
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.