As reported in the annual securities report, 2025-07-31.
| Foreign institutions | 0.14% |
|---|---|
| Individuals | 49.15% |
| Top 10 holders | 63.21% |
| Total shareholders | 791 |
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 |
|---|---|---|
| Other corporations | 49.48% | 17 |
| Individuals & others | 49.15% | 752 |
| Financial institutions | 0.86% | 3 |
| Securities firms | 0.36% | 12 |
| Foreign institutions | 0.14% | 7 |
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 | 合同会社実力養成会 | 808,000 | 26.94% |
| 2 | 総合商研従業員持株会 | 276,000 | 9.23% |
| 3 | 大丸株式会社 | 140,000 | 4.67% |
| 4 | 株式会社小森コーポレーション | 140,000 | 4.67% |
| 5 | 総合商研取引先持株会 | 102,000 | 3.41% |
| 6 | 小松印刷グループ株式会社 | 100,000 | 3.33% |
| 7 | 株式会社光文堂 | 100,000 | 3.33% |
| 8 | 志田 秋子 | 84,000 | 2.83% |
| 9 | 片岡 廣幸 | 81,000 | 2.70% |
| 10 | 大日精化工業株式会社 | 63,000 | 2.10% |
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.