HEIWA PAPER CO.,LTD.

9929 TSE Consumer Discretionary Wholesale Trade
TSE Standard

Shareholding pattern

As reported in the annual securities report, 2026-03-31.

Foreign institutions0.02%
Individuals47.91%
Top 10 holders40.99%
Total shareholders1,737

Who owns the company

Share of voting units
Other corporations: 49.47%Individuals & others: 47.91%Financial institutions: 2.5%Securities firms: 0.09%Foreign institutions: 0.02%Foreign individuals: 0.01%49.5%Other corporations
Other corporations 49.47%Individuals & others 47.91%Financial institutions 2.5%Securities firms 0.09%Foreign institutions 0.02%Foreign individuals 0.01%

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.

Ownership Trend

Holding %, recent years
0204060FY23FY24FY25FY26FY2023 — Foreign institutions: 0 %FY2024 — Foreign institutions: 0 %FY2025 — Foreign institutions: 0 %FY2026 — Foreign institutions: 0 %FY2023 — Financial institutions: 5 %FY2024 — Financial institutions: 4 %FY2025 — Financial institutions: 3 %FY2026 — Financial institutions: 3 %FY2023 — Individuals: 42 %FY2024 — Individuals: 44 %FY2025 — Individuals: 45 %FY2026 — Individuals: 48 %FY2023 — Other corporations: 52 %FY2024 — Other corporations: 52 %FY2025 — Other corporations: 52 %FY2026 — Other corporations: 49 %FY2023 — Securities firms: 0 %FY2024 — Securities firms: 0 %FY2025 — Securities firms: 0 %FY2026 — Securities firms: 0 %
Foreign institutionsFinancial institutionsIndividualsOther corporationsSecurities firms

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.

Ownership detail

Investor categoryHolding %Shareholders
Other corporations49.47%155
Individuals & others47.91%1,567
Financial institutions2.50%3
Securities firms0.09%7
Foreign institutions0.02%4
Foreign individuals0.01%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.

Largest shareholders

S.No.ShareholderSharesStake %
1特種東海製紙株式会社814,0008.80%
2平和紙業取引先持株会659,0007.13%
3王子エフテックス株式会社519,0005.61%
4日本製紙株式会社313,0003.39%
5北越コーポレーション株式会社306,0003.31%
6富士共和製紙株式会社282,0003.06%
7東京製紙株式会社253,0002.74%
8小島 勝正234,0002.53%
9清家 義雄206,0002.23%
10株式会社Kasuga202,0002.19%

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.

Educational data only. Not a recommendation to buy, sell or hold any security.