As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 16.91% |
|---|---|
| Individuals | 37.51% |
| Top 10 holders | 50.49% |
| Total shareholders | 29,444 |
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 | 37.51% | 29,060 |
| Other corporations | 28.68% | 127 |
| Foreign institutions | 16.91% | 139 |
| Financial institutions | 12.89% | 11 |
| Securities firms | 3.88% | 27 |
| Foreign individuals | 0.12% | 80 |
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 | ㈱サイバーエージェント | 5,500,000 | 12.94% |
| 2 | 日本マスタートラスト信託銀行㈱(信託口) | 4,436,000 | 10.44% |
| 3 | ㈲ティーズ・キャピタル | 3,400,000 | 8.00% |
| 4 | ㈱マックス2000 | 2,300,000 | 5.41% |
| 5 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人:㈱みずほ銀行) | 1,324,000 | 3.12% |
| 6 | ㈱日本カストディ銀行(信託口) | 1,093,000 | 2.57% |
| 7 | ㈱第一興商 | 1,020,000 | 2.40% |
| 8 | 松 浦 勝 人 | 905,000 | 2.13% |
| 9 | 柳 澤 安 慶 | 750,000 | 1.76% |
| 10 | 林 真 司 | 731,000 | 1.72% |
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.