As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 22.22% |
|---|---|
| Individuals | 58.60% |
| Top 10 holders | 37.86% |
| Total shareholders | 7,427 |
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 | 58.60% | 7,186 |
| Foreign institutions | 22.22% | 73 |
| Other corporations | 12.16% | 122 |
| Financial institutions | 4.98% | 6 |
| Securities firms | 2.00% | 23 |
| Foreign individuals | 0.05% | 17 |
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 | 蓮見 正純 | 2,541,505 | 10.61% |
| 2 | AVI JAPAN OPPORTUNITY TRUST PLC(常任代理人 株式会社みずほ銀行決済営業部) | 1,779,100 | 7.42% |
| 3 | USBK NA JP I&W TS(常任代理人 株式会社三菱UFJ銀行) | 1,183,400 | 4.94% |
| 4 | 株式会社日本M&Aセンター | 1,000,000 | 4.17% |
| 5 | MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | 638,000 | 2.66% |
| 6 | 株式会社日本カストディ銀行(年金信託口) | 571,000 | 2.38% |
| 7 | 株式会社キャピタル・アセット・プランニング | 400,000 | 1.67% |
| 8 | 青山財産ネットワークス社員持株会 | 362,700 | 1.51% |
| 9 | 株式会社チェスター財産コンサルタンツ | 300,000 | 1.25% |
| 10 | 株式会社チェスターマネジメント | 300,000 | 1.25% |
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.