As reported in the annual securities report, 2026-02-28.
| Foreign institutions | 13.21% |
|---|---|
| Individuals | 23.44% |
| Top 10 holders | 60.03% |
| Total shareholders | 19,283 |
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 | 41.05% | 316 |
| Individuals & others | 23.44% | 18,668 |
| Financial institutions | 20.59% | 24 |
| Foreign institutions | 13.21% | 206 |
| Securities firms | 1.68% | 26 |
| Foreign individuals | 0.03% | 42 |
| 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 | 山西ワールド株式会社 | 19,935,000 | 28.47% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 4,645,000 | 6.63% |
| 3 | 第一不動産株式会社 | 4,208,000 | 6.01% |
| 4 | 株式会社日本カストディ銀行(信託口) | 3,155,000 | 4.51% |
| 5 | 日本生命保険相互会社 | 2,093,000 | 2.99% |
| 6 | 株式会社広島銀行 | 2,000,000 | 2.86% |
| 7 | 山西 泰明 | 1,979,000 | 2.83% |
| 8 | イズミ広島共栄会 | 1,959,000 | 2.80% |
| 9 | CEP LUX-ORBIS SICAV | 1,163,000 | 1.66% |
| 10 | STATE STREET BANK AND TRUST COMPANY505223 | 891,000 | 1.27% |
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.