As reported in the annual securities report, 2025-06-30.
| Foreign institutions | 1.80% |
|---|---|
| Individuals | 38.10% |
| Top 10 holders | 72.53% |
| Total shareholders | 27,490 |
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 | 53.62% | 180 |
| Individuals & others | 38.10% | 27,165 |
| Financial institutions | 4.58% | 8 |
| Securities firms | 1.87% | 23 |
| Foreign institutions | 1.80% | 56 |
| Foreign individuals | 0.03% | 58 |
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 | 株式会社土師 | 17,829,000 | 42.33% |
| 2 | 公益財団法人首藤奨学財団 | 4,600,000 | 10.92% |
| 3 | 首藤 利幸 | 2,120,000 | 5.03% |
| 4 | 日本マスタートラスト信託銀行株式会社(信託口) | 1,624,000 | 3.86% |
| 5 | 堀江 淳子 | 1,140,000 | 2.71% |
| 6 | 石綿 聰明 | 937,000 | 2.23% |
| 7 | 小角 真理 | 804,000 | 1.91% |
| 8 | 岡澤 明子 | 539,000 | 1.28% |
| 9 | 大塚 里津子 | 487,000 | 1.16% |
| 10 | 川口 謙 | 461,000 | 1.10% |
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.