As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 19.40% |
|---|---|
| Individuals | 35.65% |
| Top 10 holders | 74.23% |
| Total shareholders | 7,470 |
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 | 39.31% | 72 |
| Individuals & others | 35.65% | 7,238 |
| Foreign institutions | 19.40% | 39 |
| Securities firms | 2.74% | 27 |
| Financial institutions | 2.65% | 8 |
| Foreign individuals | 0.26% | 86 |
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 | 株式会社杏 | 13,500,000 | 41.62% |
| 2 | 苗代 亮達 | 3,904,700 | 12.04% |
| 3 | BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE(常任代理人 株式会社三菱UFJ銀行) | 1,919,097 | 5.92% |
| 4 | DBS BANK LTD.700104(常任代理人 株式会社みずほ銀行決済営業部) | 1,566,000 | 4.83% |
| 5 | JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO(常任代理人 株式会社三菱UFJ銀行) | 1,030,300 | 3.18% |
| 6 | 日本マスタートラスト信託銀行株式会社(信託口) | 764,800 | 2.36% |
| 7 | MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | 373,065 | 1.15% |
| 8 | UBS証券株式会社 | 372,576 | 1.15% |
| 9 | GOLDMAN SACHS INTERNATIONAL(常任代理人 ゴールドマン・サックス証券株式会社) | 322,235 | 0.99% |
| 10 | DBS BANK LTD FOR G.K.GOH STRATEGIC HOLDINGS PTE LTD 700551(常任代理人 株式会社みずほ銀行決済営業部) | 320,000 | 0.99% |
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.