As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 26.47% |
|---|---|
| Individuals | 29.12% |
| Top 10 holders | 54.13% |
| Total shareholders | 52,314 |
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 | 29.12% | 51,617 |
| Other corporations | 28.18% | 407 |
| Foreign institutions | 26.47% | 178 |
| Financial institutions | 13.41% | 11 |
| Securities firms | 2.80% | 29 |
| Foreign individuals | 0.01% | 72 |
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 | 株式会社幸栄企画 | 12,549,000 | 14.67% |
| 2 | INTERTRUST TRUSTEES(CAYMAN)LIMITED SOLEL Y IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP(常任代理人: 株式会社みずほ銀行決済営業部) | 8,285,000 | 9.68% |
| 3 | 日本マスタートラスト信託銀行株式会社(信託口) | 7,894,000 | 9.23% |
| 4 | イエローハット共和会 | 5,498,000 | 6.43% |
| 5 | INTERTRUST TRUSTEES CAYMAN LIMITED AS TRUSTEE OF JAPAN-UP UNIT TRUST(常任代理人:立花証券株式会社) | 3,997,000 | 4.67% |
| 6 | 日本カストディ銀行(信託口) | 2,884,000 | 3.37% |
| 7 | 鍵山 幸一郎 | 1,576,000 | 1.84% |
| 8 | 住友ゴム工業株式会社 | 1,247,000 | 1.46% |
| 9 | 横浜ゴム株式会社 | 1,188,000 | 1.39% |
| 10 | 株式会社ソフト99コーポレーション | 1,186,000 | 1.39% |
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.