As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 14.87% |
|---|---|
| Individuals | 19.84% |
| Top 10 holders | 73.61% |
| Total shareholders | 18,317 |
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 | 43.16% | 159 |
| Financial institutions | 20.86% | 11 |
| Individuals & others | 19.84% | 17,922 |
| Foreign institutions | 14.87% | 86 |
| Securities firms | 1.23% | 26 |
| Foreign individuals | 0.04% | 113 |
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 | 日本航空株式会社 | 10,521,000 | 21.30% |
| 2 | ANAホールディングス株式会社 | 10,521,000 | 21.30% |
| 3 | 株式会社日本政策投資銀行 | 6,920,000 | 14.01% |
| 4 | 日本マスタートラスト信託銀行株式会社(信託口) | 2,941,000 | 5.95% |
| 5 | NORTHERN TRUST CO. (AVFC)RE IEDP AIF CLIENTS NON TREATY ACCOUNT(常任代理人 香港上海銀行東京支店) | 1,600,000 | 3.24% |
| 6 | BNYM AS AGT/CLTS NON TREATY JASDEC(常任代理人 株式会社三菱UFJ銀行) | 1,364,000 | 2.76% |
| 7 | BNYM AS AGT/CLTS TREATY JASDEC(常任代理人 株式会社三菱UFJ銀行) | 889,000 | 1.80% |
| 8 | 株式会社日本カストディ銀行(信託口) | 699,000 | 1.41% |
| 9 | J.P.MORGAN SE - LUXEMBOURG BRANCH 381639(常任代理人 株式会社みずほ銀行決済営業部) | 568,000 | 1.15% |
| 10 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部) | 345,000 | 0.69% |
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.