As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 0.39% |
|---|---|
| Individuals | 63.20% |
| Top 10 holders | 47.60% |
| Total shareholders | 7,601 |
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 | 63.20% | 7,435 |
| Other corporations | 35.36% | 113 |
| Securities firms | 0.79% | 11 |
| Foreign institutions | 0.39% | 9 |
| Foreign individuals | 0.25% | 32 |
| Financial institutions | 0.01% | 1 |
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 | 株式会社研創エンタープライズ | 780,000 | 20.50% |
| 2 | 研創親和会 | 232,000 | 6.10% |
| 3 | 研創社員持株会 | 196,000 | 5.10% |
| 4 | 肥田 亘 | 150,000 | 3.90% |
| 5 | 株式会社ゲイビ | 100,000 | 2.60% |
| 6 | 林 航司 | 92,000 | 2.40% |
| 7 | 林 大一郎 | 91,000 | 2.40% |
| 8 | 林 誠二 | 79,000 | 2.00% |
| 9 | 中島産業株式会社 | 64,000 | 1.60% |
| 10 | 株式会社明智 | 41,000 | 1.00% |
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.