As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 11.50% |
|---|---|
| Individuals | 34.97% |
| Top 10 holders | 39.41% |
| Total shareholders | 10,888 |
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 |
|---|---|---|
| Financial institutions | 35.63% | 31 |
| Individuals & others | 34.97% | 10,490 |
| Other corporations | 12.75% | 150 |
| Foreign institutions | 11.50% | 143 |
| Government | 2.53% | 1 |
| Securities firms | 2.46% | 28 |
| Foreign individuals | 0.16% | 45 |
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) | 7,344,000 | 8.31% |
| 2 | 東京瓦斯株式会社 | 4,274,000 | 4.84% |
| 3 | 日本生命保険相互会社 | 3,432,000 | 3.88% |
| 4 | 株式会社北海道銀行 | 3,429,000 | 3.88% |
| 5 | 株式会社北洋銀行 | 3,427,000 | 3.88% |
| 6 | 北海道信用農業協同組合連合会 | 3,285,000 | 3.72% |
| 7 | 北海道瓦斯従業員持株会 | 2,886,000 | 3.27% |
| 8 | みずほ信託銀行株式会社退職給付信託みずほ銀行口再信託受託者株式会社日本カストディ銀行 | 2,629,000 | 2.97% |
| 9 | 札幌市 | 2,244,000 | 2.54% |
| 10 | 株式会社日本カストディ銀行(信託口) | 1,873,000 | 2.12% |
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.