As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 0.05% |
|---|---|
| Individuals | 46.96% |
| Top 10 holders | 57.15% |
| Total shareholders | 2,242 |
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 | 49.07% | 41 |
| Individuals & others | 46.96% | 2,192 |
| Financial institutions | 3.86% | 3 |
| Foreign institutions | 0.05% | 3 |
| Securities firms | 0.04% | 2 |
| Foreign individuals | 0.01% | 1 |
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 | 日本製紙株式会社 | 126,000 | 18.71% |
| 2 | 日本紙通商株式会社 | 78,000 | 11.59% |
| 3 | 日本紙パルプ商事株式会社 | 71,000 | 10.58% |
| 4 | KPPグループホールディングス株式会社 | 44,000 | 6.53% |
| 5 | 巣鴨信用金庫 | 18,000 | 2.66% |
| 6 | 郡司 光太 | 10,000 | 1.57% |
| 7 | 新生紙パルプ商事株式会社 | 10,000 | 1.56% |
| 8 | 郡司 勝美 | 10,000 | 1.51% |
| 9 | 株式会社三井住友銀行 | 9,000 | 1.38% |
| 10 | 堀川産業株式会社 | 7,000 | 1.06% |
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.