As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 8.22% |
|---|---|
| Individuals | 83.48% |
| Top 10 holders | 50.08% |
| Total shareholders | 4,695 |
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 | 83.48% | 4,592 |
| Foreign institutions | 8.22% | 22 |
| Securities firms | 7.29% | 21 |
| Other corporations | 0.80% | 33 |
| Foreign individuals | 0.19% | 26 |
| Financial institutions | 0.02% | 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 | バリューアップ・ファンド投資事業有限責任組合 | 6,023,000 | 34.65% |
| 2 | MLI FOR CLIENT GENERAL NON TREATY-PB(常任代理人 BOFA証券株式会社) | 1,000,000 | 5.75% |
| 3 | 東海東京証券株式会社 | 405,000 | 2.33% |
| 4 | 岡三証券株式会社 | 301,000 | 1.74% |
| 5 | 阪田 和弘 | 190,000 | 1.10% |
| 6 | BNP PARIBAS, TAIPEI BRANCH(常任代理人 BNPパリバ証券株式会社) | 184,000 | 1.06% |
| 7 | ニチリョク役員持株会 | 182,000 | 1.05% |
| 8 | 北口 敏文 | 173,000 | 1.00% |
| 9 | 野村證券株式会社 | 123,000 | 0.71% |
| 10 | 三潴 末雄 | 119,000 | 0.69% |
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.