As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 2.30% |
|---|---|
| Individuals | 92.33% |
| Top 10 holders | 54.46% |
| Total shareholders | 14,966 |
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 | 92.33% | 14,801 |
| Other corporations | 3.82% | 75 |
| Foreign institutions | 2.30% | 51 |
| Securities firms | 0.95% | 19 |
| Financial institutions | 0.53% | 3 |
| Foreign individuals | 0.07% | 17 |
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 | 山田 圭一 | 5,462,000 | 19.01% |
| 2 | 山田 満 | 4,000,000 | 13.92% |
| 3 | 山田 雅之 | 3,129,000 | 10.89% |
| 4 | 公益財団法人山田満育英会 | 1,000,000 | 3.48% |
| 5 | 関家 圭三 | 950,000 | 3.31% |
| 6 | 大研医器従業員持株会 | 266,000 | 0.93% |
| 7 | 寺田 恭子 | 258,000 | 0.90% |
| 8 | 羽根 一徳 | 200,000 | 0.70% |
| 9 | 山田 すみれ | 200,000 | 0.70% |
| 10 | 磐下 裕司 | 179,000 | 0.62% |
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.