As reported in the annual securities report, 2025-12-20.
| Foreign institutions | 2.41% |
|---|---|
| Individuals | 69.60% |
| Top 10 holders | 58.07% |
| Total shareholders | 1,038 |
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 | 69.60% | 969 |
| Other corporations | 24.49% | 34 |
| Foreign institutions | 2.41% | 9 |
| Financial institutions | 1.96% | 5 |
| Securities firms | 1.50% | 18 |
| Foreign individuals | 0.04% | 3 |
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 | 株式会社フロンティアグループ | 944,000 | 18.55% |
| 2 | 笠 井 庄 治 | 685,800 | 13.48% |
| 3 | 金 子 将 幸 | 590,000 | 11.59% |
| 4 | レマック共栄会 | 175,000 | 3.43% |
| 5 | 吉 原 頼 道 | 142,600 | 2.80% |
| 6 | PERSHING-DIV. OF DLJ SECS. CORP.(常任代理人シティバンク、エヌ・エイ東京支店) | 95,000 | 1.86% |
| 7 | 株式会社ヌル | 87,000 | 1.70% |
| 8 | 株式会社商工組合中央金庫 | 85,000 | 1.67% |
| 9 | 笠 井 正 紀 | 84,000 | 1.65% |
| 10 | 清 水 英 助 | 68,500 | 1.34% |
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.