As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 28.97% |
|---|---|
| Individuals | 18.54% |
| Top 10 holders | 49.04% |
| Total shareholders | 7,792 |
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 |
|---|---|---|
| Financial institutions | 38.52% | 49 |
| Foreign institutions | 28.97% | 286 |
| Individuals & others | 18.54% | 7,283 |
| Other corporations | 11.65% | 129 |
| Securities firms | 2.32% | 32 |
| Government | 0.00% | 1 |
| Foreign individuals | 0.00% | 12 |
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株式会社信託口 | 7,596,000 | 15.15% |
| 2 | 株式会社日本カストディ銀行信託口 | 4,852,000 | 9.68% |
| 3 | 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) | 2,658,000 | 5.30% |
| 4 | 日本製鉄株式会社 | 2,061,000 | 4.11% |
| 5 | 公益財団法人ニビキ育英会 | 1,960,000 | 3.91% |
| 6 | 山九従業員持株会 | 1,541,000 | 3.07% |
| 7 | 株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行) | 1,212,000 | 2.42% |
| 8 | 明治安田生命保険相互会社(常任代理人 株式会社日本カストディ銀行) | 1,200,000 | 2.39% |
| 9 | 山九取引先持株会 | 771,000 | 1.54% |
| 10 | 東京海上日動火災保険株式会社 | 735,000 | 1.47% |
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.