As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 0.38% |
|---|---|
| Individuals | 26.63% |
| Top 10 holders | 81.91% |
| Total shareholders | 4,577 |
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 | 72.48% | 34 |
| Individuals & others | 26.63% | 4,497 |
| Securities firms | 0.40% | 13 |
| Foreign institutions | 0.38% | 12 |
| Financial institutions | 0.09% | 1 |
| Foreign individuals | 0.02% | 20 |
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 | 株式会社フォーバル | 11,754,200 | 70.15% |
| 2 | 光通信KK投資事業有限責任組合無限責任組合員光通信株式会社 | 1,089,300 | 6.50% |
| 3 | UH Partners 2投資事業有限責任組合無限責任組合員株式会社UH Partners 2 | 191,000 | 1.14% |
| 4 | 光通信株式会社 | 167,500 | 1.00% |
| 5 | 谷井 剛 | 158,700 | 0.95% |
| 6 | 関根 芳喜 | 82,500 | 0.49% |
| 7 | フォーバルテレコム社員持株会 | 80,600 | 0.48% |
| 8 | 株式会社原一平商会 | 76,000 | 0.45% |
| 9 | 廣瀬 公則 | 65,200 | 0.39% |
| 10 | 青山 泰長 | 60,900 | 0.36% |
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.