Status of shares

As of March 31, 2025

Number of shares constituting one unit	100 shares

Number of shares authorized for issuance	40,000,000 shares

Number of outstanding shares	13,954,880 shares

Number of shareholders	14,959

Conditions by holder

As of March 31, 2025

	Number of shares held (units)	Percentage of number of shares held (%)
Government and local public organizations	-	-
financial institutions	29,117	20.9
financial instrument service operators	1,486	1.1
other corporations	47,655	34.2
foreign corporations, etc.	869	0.6
Individuals, other	60,276	43.2
Total	139,403	100.00
Shares representing less than one unit (shares)	14,580	-

(Note)

The 673,208 treasury stocks include 6,732 units in “individuals and other” and 8 shares in “shares representing less than one unit.”
The column for “financial institutions” includes 1,574 share units held by the Director Compensation BIP Trust.

As of March 31, 2025

Name	number of shares held (1,000 shares), issued	Percentage of shares held relative to outstanding shares (excluding treasury stock) (%)
The Master Trust Bank of Japan, Ltd. (trust account)	1,087	8.19
Kowa Co., Ltd.	720	5.42
Bulldog employee shareholding association	555	4.18
Sato Foods Industries Co., Ltd.	467	3.52
Nippon Life Insurance Company	441	3.33
Yomeishu Seizo Co., Ltd.	372	2.81
The Bank of Fukuoka, Ltd.	372	2.81
TOPPAN Inc.	312	2.35
WELLNEO SUGAR Co., Ltd.	293	2.21
The Bank of Aichi, Ltd.	260	1.96
Total	4,879	36.78

(Note)

The Company holds 673,208 treasury shares, not including the above majority shareholders.
The number of shareholdings has been rounded down to the nearest thousand shares.
The shareholding ratio is calculated by deducting the 673,208 treasury shares from the total number of issued shares, and is rounded to the third decimal place.
The Company has introduced the Director Compensation BIP Trust. Shares of the Company held by this trust are not excluded from the total number of issued shares when calculating the above shareholding ratio.