TOP CULTURELtd Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.2%.

Top 25 shareholders own 67.72% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
22.6%	Tohan Corporation	3,526,400	JP¥550.1m	0%	no data
21.2%	Hideo Shimizu	3,314,098	JP¥517.0m	0%	no data
15.4%	Culture Convenience Club Co., Ltd.	2,410,904	JP¥376.1m	0%	no data
1.89%	Daisuke Shimizu	295,500	JP¥46.1m	0%	no data
1.05%	The Hokuetsu Bank, Ltd., Asset Management Arm	164,000	JP¥25.6m	0%	0.8%
0.99%	Koichiro Iijima	155,100	JP¥24.2m	0%	no data
0.85%	Top Culture Company Ltd., ESOP	132,312	JP¥20.6m	0%	no data
0.81%	Chieko Shimayama	125,700	JP¥19.6m	0%	no data
0.65%	Honma Corporation	102,000	JP¥15.9m	0%	no data
0.57%	Securities Japan, Inc, Asset Management Arm	89,100	JP¥13.9m	0%	2.17%
0.45%	Nomura Asset Management Co., Ltd.	71,000	JP¥11.1m	-23.2%	no data
0.37%	Meiji Yasuda Asset Management Company Ltd.	58,500	JP¥9.1m	0%	no data
0.21%	Nikko Asset Management Co., Ltd.	32,700	JP¥5.1m	-22.1%	no data
0.16%	Masayoshi Ito	25,400	JP¥4.0m	0%	no data
0.14%	Mitsubishi UFJ Asset Management Co., Ltd.	21,800	JP¥3.4m	-12.1%	no data
0.078%	Nao Sasagawa	12,100	JP¥1.9m	5.22%	no data
0.058%	Takenori Enkai	9,100	JP¥1.4m	0%	no data
0.037%	BlackRock, Inc.	5,800	JP¥904.7k	0%	no data
0.027%	Shoichi Yoshida	4,200	JP¥655.1k	16.7%	no data
0.026%	Asset Management One Co., Ltd.	4,000	JP¥623.9k	-9.09%	no data
0.024%	Tomoyuki Abe	3,700	JP¥577.2k	54.2%	no data
0.021%	Norinchukin Zenkyoren Asset Management Co., Ltd.	3,300	JP¥514.8k	-49.2%	no data
0.013%	Amundi Asset Management SAS	2,060	JP¥321.5k	0%	no data
0.011%	State Street Global Advisors, Inc.	1,700	JP¥265.2k	0%	no data
0.0064%	SBI Okasan Asset Management Co., Ltd.	1,000	JP¥156.1k	0%	no data