As reported in the annual securities report, 2025-09-30.
| Foreign institutions | 16.40% |
|---|---|
| Individuals | 73.52% |
| Top 10 holders | 75.98% |
| Total shareholders | 15,287 |
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 | 73.52% | 14,867 |
| Foreign institutions | 16.40% | 145 |
| Financial institutions | 5.28% | 10 |
| Securities firms | 2.72% | 29 |
| Other corporations | 1.99% | 123 |
| Foreign individuals | 0.09% | 113 |
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 | 佐上 峻作 | 31,328,000 | 57.96% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 2,318,000 | 4.29% |
| 3 | 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) | 1,988,000 | 3.68% |
| 4 | UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT(常任代理人 シティバンク、エヌ・エイ東京) | 1,602,000 | 2.97% |
| 5 | INTERACTIVE BROKERS LLC(常任代理人 インタラクティブ・ブローカーズ証券株式会社) | 1,267,000 | 2.35% |
| 6 | BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)(常任代理人 株式会社三菱UFJ銀行) | 572,000 | 1.06% |
| 7 | 塚本 勲 | 512,000 | 0.95% |
| 8 | 三菱UFJモルガン・スタンレー証券株式会社 | 499,000 | 0.92% |
| 9 | BBH CO FOR ARCUS JAPAN VALUE FUND(常任代理人 株式会社三菱UFJ銀行) | 492,000 | 0.91% |
| 10 | 上田八木短資株式会社 | 482,000 | 0.89% |
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.