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Investor Relations

Major Shareholders

As of end of September 2025

Name of ShareholdersNumber of Shares HeldShareholding ratio
The Master Trust Bank of Japan, Ltd. (Trust account) 2,688,400 15.39%
Ad-Sol Nissin Employee Shareholding Association 1,331,800 7.62%
INTEC Inc. 632,600 3.62%
Custody Bank of Japan, Ltd.(Tusut account) 446,700 2.56%
Mizuho Bank, Ltd. 372,000 2.13%
Value HR Co.,Ltd. 343,400 1.97%
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account) 340,357 1.95%
Tomizo Ueda 277,600 1.59%
MUFG Bank, Ltd. 276,000 1.58%
Mitsubishi Electric Software Corporation 264,000 1.51%
Total 6,972,857 39.91%

* Ad-Sol Nissin holds 418,511 shares of treasury stock but is not included in the list of major shareholders above.
* On April 1, 2025, the Company conducted a 2-for-1 stock split.