As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 23.88% |
|---|---|
| Individuals | 25.20% |
| Top 10 holders | 56.82% |
| Total shareholders | 8,143 |
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 | 31.30% | 246 |
| Individuals & others | 25.20% | 7,575 |
| Foreign institutions | 23.88% | 252 |
| Financial institutions | 16.91% | 23 |
| Securities firms | 2.70% | 34 |
| Foreign individuals | 0.01% | 12 |
| Government | 0.00% | 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 | 日本製紙株式会社 | 19,659,800 | 30.02% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 5,885,200 | 8.98% |
| 3 | 株式会社日本カストディ銀行(信託口) | 3,788,700 | 5.78% |
| 4 | GOLDMAN SACHS INTERNATIONAL(常任代理人 ゴールドマン・サックス証券株式会社) | 1,701,100 | 2.59% |
| 5 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行) | 1,308,100 | 1.99% |
| 6 | 庄司 たみ江 | 1,226,300 | 1.87% |
| 7 | リンテック従業員持株会 | 1,182,400 | 1.80% |
| 8 | 塩飽 恵以子 | 963,500 | 1.47% |
| 9 | 庄司 光江 | 797,000 | 1.21% |
| 10 | 明治安田生命保険相互会社(常任代理人 株式会社日本カストディ銀行) | 729,800 | 1.11% |
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.