As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 21.98% |
|---|---|
| Individuals | 37.08% |
| Top 10 holders | 41.60% |
| Total shareholders | 22,506 |
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 | 37.08% | 21,263 |
| Foreign institutions | 21.98% | 253 |
| Financial institutions | 21.15% | 31 |
| Other corporations | 16.80% | 869 |
| Securities firms | 2.97% | 29 |
| Foreign individuals | 0.02% | 61 |
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㈱(信託口) | 54,719,000 | 12.70% |
| 2 | コクヨ共栄会 | 39,308,000 | 9.13% |
| 3 | ㈱Kuroda&Sons | 17,686,000 | 4.11% |
| 4 | (公財)黒田緑化事業団 | 14,412,000 | 3.35% |
| 5 | ㈱日本カストディ銀行(信託口) | 14,243,000 | 3.31% |
| 6 | コクヨ共和会 | 11,745,000 | 2.73% |
| 7 | 黒田 章裕 | 7,949,000 | 1.85% |
| 8 | 黒田 耕司 | 6,527,000 | 1.52% |
| 9 | STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部) | 6,294,000 | 1.46% |
| 10 | 黒田 康裕 | 6,204,000 | 1.44% |
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.