As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 16.55% |
|---|---|
| Individuals | 46.42% |
| Top 10 holders | 37.34% |
| Total shareholders | 97,036 |
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 | 46.42% | 95,769 |
| Financial institutions | 21.78% | 61 |
| Foreign institutions | 16.55% | 245 |
| Government | 8.82% | 13 |
| Other corporations | 4.98% | 756 |
| Securities firms | 1.42% | 40 |
| Foreign individuals | 0.03% | 152 |
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 | 日本マスタートラスト信託銀行株式会社(信託口) | 42,568,000 | 11.81% |
| 2 | 山口県 | 34,005,000 | 9.43% |
| 3 | 株式会社日本カストディ銀行(信託口) | 15,270,000 | 4.24% |
| 4 | 日本生命保険相互会社 | 10,373,000 | 2.88% |
| 5 | 中国電力株式投資会 | 7,213,000 | 2.00% |
| 6 | THE BANK OF NEW YORK MELLON 140044(常任代理人 株式会社みずほ銀行決済営業部) | 6,713,000 | 1.86% |
| 7 | 株式会社広島銀行 | 5,000,000 | 1.39% |
| 8 | BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR ARCUS FUND SICAV - ARCUS JAPAN FUND(常任代理人 株式会社三菱UFJ銀行) | 4,657,000 | 1.29% |
| 9 | JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部) | 4,550,000 | 1.26% |
| 10 | 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) | 4,256,000 | 1.18% |
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.