As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 8.29% |
|---|---|
| Individuals | 70.93% |
| Top 10 holders | 33.38% |
| Total shareholders | 105,862 |
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 | 70.93% | 104,288 |
| Other corporations | 13.84% | 467 |
| Foreign institutions | 8.29% | 81 |
| Financial institutions | 3.77% | 7 |
| Securities firms | 2.43% | 35 |
| Foreign individuals | 0.74% | 984 |
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 | 袴田 武史 | 12,000,000 | 8.21% |
| 2 | 高砂熱学工業株式会社 | 6,997,520 | 4.79% |
| 3 | JICVGIオポチュニティファンド1号投資事業有限責任組合 | 6,410,200 | 4.38% |
| 4 | インキュベイトファンド3号投資事業有限責任組合 | 5,992,580 | 4.10% |
| 5 | 栗田工業株式会社 | 4,273,500 | 2.92% |
| 6 | 赤浦 徹 | 3,219,282 | 2.20% |
| 7 | STATE STREET BANK AND TRUST COMPANY 505019(常任代理人 株式会社みずほ銀行) | 2,986,100 | 2.04% |
| 8 | 株式会社日本政策投資銀行 | 2,816,180 | 1.93% |
| 9 | IF GROWTH OPPORTUNITY FUND 1, L.P.(常任代理人 SMBC日興証券株式会社) | 2,135,720 | 1.46% |
| 10 | 三井住友信託銀行株式会社 | 1,968,500 | 1.35% |
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.