As reported in the annual securities report, 2026-03-31.
| Foreign institutions | 7.80% |
|---|---|
| Individuals | 31.90% |
| Top 10 holders | 65.39% |
| Total shareholders | 75,811 |
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 | 44.22% | 345 |
| Individuals & others | 31.90% | 75,125 |
| Financial institutions | 14.55% | 18 |
| Foreign institutions | 7.80% | 138 |
| Securities firms | 1.47% | 29 |
| Foreign individuals | 0.05% | 156 |
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 | 株式会社フレンドステージ | 41,383,000 | 42.99% |
| 2 | 日本マスタートラスト信託銀行株式会社(信託口) | 4,876,000 | 5.06% |
| 3 | 安 野 清 | 2,916,000 | 3.03% |
| 4 | 安 野 公 | 2,914,000 | 3.02% |
| 5 | 株式会社日本カストディ銀行(信託口) | 2,832,000 | 2.94% |
| 6 | 株式会社三井住友銀行 | 2,246,000 | 2.33% |
| 7 | 野村信託銀行株式会社(退職給付信託三菱UFJ銀行口) | 1,968,000 | 2.04% |
| 8 | ベルーナ共栄会 | 1,688,000 | 1.75% |
| 9 | 株式会社日本カストディ銀行(信託口4) | 1,136,000 | 1.18% |
| 10 | ベルーナ従業員持株会 | 1,013,000 | 1.05% |
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.