As reported in the annual securities report, 2025-11-30.
| Foreign institutions | 1.36% |
|---|---|
| Individuals | 53.25% |
| Top 10 holders | 62.31% |
| Total shareholders | 894 |
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 | 53.25% | 835 |
| Financial institutions | 18.48% | 2 |
| Other corporations | 16.61% | 17 |
| Securities firms | 7.54% | 14 |
| Foreign individuals | 2.76% | 12 |
| Foreign institutions | 1.36% | 14 |
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 | 合同会社Trojans | 374,000 | 27.70% |
| 2 | 塚本 拓也 | 80,000 | 5.92% |
| 3 | 佐々木 慈和 | 70,100 | 5.19% |
| 4 | マイルストーン・キャピタル・マネジメント株式会社 | 62,500 | 4.63% |
| 5 | 板倉 聡 | 60,000 | 4.44% |
| 6 | 新井 友行 | 50,000 | 3.70% |
| 7 | ベル投資事業有限責任組合1無限責任組合員ベル有限責任事業 | 40,100 | 2.97% |
| 8 | 田中 郁恵 | 40,000 | 2.96% |
| 9 | 楽天証券株式会社共有口 | 32,700 | 2.42% |
| 10 | 宮越 則和 | 32,200 | 2.38% |
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.