As reported in the annual securities report, 2026-02-28.
| Foreign institutions | 12.41% |
|---|---|
| Individuals | 40.30% |
| Top 10 holders | 50.97% |
| Total shareholders | 11,259 |
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 | 40.30% | 10,830 |
| Financial institutions | 24.61% | 26 |
| Other corporations | 20.59% | 166 |
| Foreign institutions | 12.41% | 181 |
| Securities firms | 2.07% | 22 |
| Foreign individuals | 0.03% | 34 |
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) | 11,976,000 | 10.73% |
| 2 | 有限会社乃村 | 10,468,000 | 9.38% |
| 3 | 有限会社蟻田 | 10,283,000 | 9.22% |
| 4 | 株式会社日本カストディ銀行(信託口) | 8,170,000 | 7.32% |
| 5 | 乃村工藝社共栄会 | 4,063,000 | 3.64% |
| 6 | 乃村 洋子 | 3,316,000 | 2.97% |
| 7 | 株式会社三井住友銀行 | 2,753,000 | 2.47% |
| 8 | 乃村工藝社従業員持株会 | 2,465,000 | 2.21% |
| 9 | 日本生命保険相互会社 | 1,815,000 | 1.63% |
| 10 | 第一生命保険株式会社 | 1,559,000 | 1.40% |
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.