As reported in the annual securities report, 2025-09-30.
| Foreign institutions | 2.80% |
|---|---|
| Individuals | 42.93% |
| Top 10 holders | 82.02% |
| Total shareholders | 1,511 |
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 | 49.99% | 19 |
| Individuals & others | 42.93% | 1,452 |
| Securities firms | 3.98% | 13 |
| Foreign institutions | 2.80% | 16 |
| Foreign individuals | 0.24% | 9 |
| Financial institutions | 0.05% | 2 |
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 | 株式会社スマイルプラス | 3,000,000 | 45.03% |
| 2 | 椙原 健 | 1,353,000 | 20.31% |
| 3 | 光通信KK投資事業有限責任組合 | 445,200 | 6.68% |
| 4 | 株式会社SBI証券 | 166,633 | 2.50% |
| 5 | UH Partners 2投資事業有限責任組合 | 108,000 | 1.62% |
| 6 | MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | 107,100 | 1.61% |
| 7 | 株式会社EPARK | 104,200 | 1.56% |
| 8 | 光通信株式会社 | 66,600 | 1.00% |
| 9 | 株式会社スペース紙化 | 63,000 | 0.95% |
| 10 | CS-C従業員持株会 | 50,500 | 0.76% |
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.