f-code Inc.
TSE Growth
Shareholding pattern
As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 8.67% |
|---|---|
| Individuals | 70.83% |
| Top 10 holders | 66.22% |
| Total shareholders | 4,669 |
Who owns the company
Share of voting unitsIndividuals & others 70.83%Foreign institutions 8.67%Securities firms 8.04%Other corporations 7.49%Financial institutions 4.93%Foreign individuals 0.05%
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.
Ownership Trend
Holding %, recent yearsForeign institutionsFinancial institutionsIndividualsOther corporationsSecurities firms
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.
Ownership detail
| Investor category | Holding % | Shareholders |
|---|---|---|
| Individuals & others | 70.83% | 4,537 |
| Foreign institutions | 8.67% | 42 |
| Securities firms | 8.04% | 27 |
| Other corporations | 7.49% | 49 |
| Financial institutions | 4.93% | 3 |
| Foreign individuals | 0.05% | 11 |
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.
Largest shareholders
| S.No. | Shareholder | Shares | Stake % |
|---|---|---|---|
| 1 | 工藤 勉 | 4,792,600 | 39.26% |
| 2 | 株式会社ＳＢＩ証券 | 520,300 | 4.26% |
| 3 | 梅澤 康二 | 448,800 | 3.68% |
| 4 | 株式会社マイナビ | 403,200 | 3.30% |
| 5 | 株式会社日本カストディ銀行（信託口） | 388,700 | 3.18% |
| 6 | 株式会社リヴァンプ | 380,400 | 3.12% |
| 7 | ＢＮＹ ＧＣＭ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ ＪＰＲＤ ＡＣ ＩＳＧ （ＦＥ－ＡＣ） | 350,501 | 2.87% |
| 8 | 荒井 裕希 | 309,000 | 2.53% |
| 9 | 楽天証券株式会社共有口 | 267,200 | 2.19% |
| 10 | ＢＢＨ ＣＯ ＦＯＲ ＡＲＣＵＳ ＪＡＰＡＮ ＶＡＬＵＥ ＦＵＮＤ | 224,000 | 1.83% |
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.