As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 3.49% |
|---|---|
| Individuals | 67.85% |
| Top 10 holders | 72.81% |
| Total shareholders | 1,404 |
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 | 67.85% | 1,336 |
| Other corporations | 20.16% | 25 |
| Securities firms | 6.92% | 13 |
| Foreign institutions | 3.49% | 23 |
| Foreign individuals | 1.41% | 6 |
| Financial institutions | 0.16% | 1 |
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 | 森 智宏 | 1,643,000 | 25.23% |
| 2 | 株式会社フォレスト | 1,007,000 | 15.46% |
| 3 | 佐野 健一 | 717,000 | 11.01% |
| 4 | 吉村 英毅 | 353,000 | 5.43% |
| 5 | 最上 夢人 | 264,000 | 4.06% |
| 6 | 楽天証券株式会社 | 228,000 | 3.50% |
| 7 | 株式会社SBI証券 | 155,000 | 2.39% |
| 8 | 吉村 英毅 | 153,000 | 2.35% |
| 9 | 株式会社ローカル | 111,000 | 1.71% |
| 10 | GOLDMANSACHSINTERNATIONAL | 109,000 | 1.67% |
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.