As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 11.46% |
|---|---|
| Individuals | 42.36% |
| Top 10 holders | 39.60% |
| Total shareholders | 20,854 |
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 | 42.36% | 20,250 |
| Other corporations | 26.80% | 364 |
| Financial institutions | 17.41% | 16 |
| Foreign institutions | 11.46% | 156 |
| Securities firms | 1.04% | 25 |
| Foreign individuals | 0.94% | 43 |
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) | 12,447,000 | 10.80% |
| 2 | 王子ホールディングス㈱ | 8,363,000 | 7.20% |
| 3 | ㈱日本カストディ銀行(信託口) | 4,823,000 | 4.20% |
| 4 | 日本紙パルプ商事持株会 | 4,578,000 | 3.90% |
| 5 | JP従業員持株会 | 3,721,000 | 3.20% |
| 6 | 野村 絢(常任代理人 三田証券㈱) | 3,294,000 | 2.80% |
| 7 | 北越コーポレーション㈱ | 3,101,000 | 2.70% |
| 8 | 中越パルプ工業㈱ | 2,584,000 | 2.20% |
| 9 | 柿本商事㈱ | 1,530,000 | 1.30% |
| 10 | DFA INTL SMALL CAP VALUE PORTFOLIO(常任代理人 シティバンク、エヌ・エイ東京支店) | 1,523,000 | 1.30% |
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.