As reported in the annual securities report, 2025-08-31.
| Foreign institutions | 0.32% |
|---|---|
| Individuals | 49.41% |
| Top 10 holders | 70.44% |
| Total shareholders | 3,206 |
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 | 49.41% | 3,131 |
| Other corporations | 42.85% | 52 |
| Financial institutions | 7.29% | 1 |
| Foreign institutions | 0.32% | 6 |
| Securities firms | 0.07% | 5 |
| Foreign individuals | 0.05% | 11 |
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 | PNコーポレーション株式会社 | 2,000,000 | 39.33% |
| 2 | 小田原 洋一 | 738,900 | 14.53% |
| 3 | 株式会社日本カストディ銀行(信託口) | 398,200 | 7.83% |
| 4 | 森田 樹里 | 145,000 | 2.85% |
| 5 | 金 大鉱 | 89,700 | 1.76% |
| 6 | 株式会社小森コーポレーション | 50,000 | 0.98% |
| 7 | ラクスル株式会社 | 40,000 | 0.79% |
| 8 | 株式会社桂紙業 | 40,000 | 0.79% |
| 9 | 株式会社紙藤原 | 40,000 | 0.79% |
| 10 | 日商岩井紙パルプ株式会社 | 40,000 | 0.79% |
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.