Ownership

Shareholders

Shareholder

Last updated: As of October 31, 2025

Top Shareholders

Shareholder Name Number of Shares Held Shareholding Ratio
Masayuki Yamakawa 7,173,900 36.19%
SerialIncubate Co., Ltd. 1,900,800 9.59%
Masato Tsumamoto 1,356,000 6.84%
The Master Trust Bank of Japan, Ltd. (trust account) 1,089,300 5.49%
Custody Bank of Japan, Ltd. (trust account) 172,100 0.86%
Rakuten Securities Inc. 144,800 0.73%
Junichi Kida 119,300 0.60%
Hirohiko Hanaki 72,000 0.36%
Employee Stock ownership Plan 62,800 0.31%
Takeshi Amemiya 62,700 0.31%

Last updated: As of October 31, 2025


* The shareholding ratio is calculated by deducting treasury shares (580 shares) from the total number of issued shares.