As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 9.27% |
|---|---|
| Individuals | 46.41% |
| Top 10 holders | 50.44% |
| Total shareholders | 15,997 |
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 | 46.41% | 15,767 |
| Financial institutions | 27.61% | 11 |
| Other corporations | 15.82% | 124 |
| Foreign institutions | 9.27% | 45 |
| Securities firms | 0.85% | 20 |
| Foreign individuals | 0.04% | 30 |
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 | 日本マスタートラスト信託銀行株式会社(信託口) | 2,098,200 | 9.22% |
| 2 | 髙橋 栄二 | 1,937,320 | 8.51% |
| 3 | 株式会社日本カストディ銀行(信託口) | 1,488,318 | 6.54% |
| 4 | 株式会社阿波銀行 | 1,120,000 | 4.92% |
| 5 | 株式会社徳島大正銀行 | 1,105,000 | 4.86% |
| 6 | BBH FOR FIDELITY LOW-PRICED STOCK FUND(常任代理人 株式会社三菱UFJ銀行) | 1,073,910 | 4.72% |
| 7 | 七福トータルサポート株式会社 | 960,000 | 4.22% |
| 8 | 株式会社徳銀キャピタル | 575,000 | 2.53% |
| 9 | ニホンフラッシュ従業員持株会 | 569,160 | 2.50% |
| 10 | ニホンフラッシュ取引先持株会 | 551,000 | 2.42% |
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.