As reported in the annual securities report, 2025-12-31.
| Foreign institutions | 27.45% |
|---|---|
| Individuals | 20.85% |
| Top 10 holders | 75.60% |
| Total shareholders | 16,217 |
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 | 33.36% | 123 |
| Foreign institutions | 27.45% | 291 |
| Individuals & others | 20.85% | 15,684 |
| Financial institutions | 17.55% | 25 |
| Securities firms | 0.75% | 24 |
| Foreign individuals | 0.04% | 70 |
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 | 株式会社熊谷正寿事務所 | 35,716,000 | 35.66% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 13,170,000 | 13.15% |
| 3 | 熊谷 正寿 | 8,990,000 | 8.98% |
| 4 | 株式会社日本カストディ銀行(信託口) | 4,920,000 | 4.91% |
| 5 | CEP LUX-ORBIS SICAV(常任代理人 シティバンク、エヌ・エイ東京支店) | 4,637,000 | 4.63% |
| 6 | THE BANK OF NEW YORK MELLON 140051(常任代理人 株式会社みずほ銀行決済営業部) | 2,575,000 | 2.57% |
| 7 | THE BANK OF NEW YORK 133612(常任代理人 株式会社みずほ銀行決済営業部) | 1,774,000 | 1.77% |
| 8 | ORBIS INSTITUTIONAL FUNDS LIMITED-ORBIS INSTITUTIONAL GLOBAL EQUITY(OFO)FUND(常任代理人 シティバンク、エヌ・エイ東京支店) | 1,449,000 | 1.45% |
| 9 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部) | 1,256,000 | 1.25% |
| 10 | KUWAIT INVESTMENT AUTHORITY(常任代理人 シティバンク、エヌ・エイ東京支店) | 1,227,000 | 1.23% |
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.