WEBULL

TOA Corporation's (TSE:1885) 4.1% loss last week hit both individual investors who own 47% as well as institutions

Simply Wall St · 1d ago

Key Insights

  • The considerable ownership by individual investors in TOA indicates that they collectively have a greater say in management and business strategy
  • A total of 19 investors have a majority stake in the company with 51% ownership
  • 37% of TOA is held by Institutions

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A look at the shareholders of TOA Corporation (TSE:1885) can tell us which group is most powerful. We can see that individual investors own the lion's share in the company with 47% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

While institutions who own 37% came under pressure after market cap dropped to JP¥209b last week,individual investors took the most losses.

Let's delve deeper into each type of owner of TOA, beginning with the chart below.

Check out our latest analysis for TOA

ownership-breakdown
TSE:1885 Ownership Breakdown December 19th 2025

What Does The Institutional Ownership Tell Us About TOA?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

TOA already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see TOA's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
TSE:1885 Earnings and Revenue Growth December 19th 2025

Hedge funds don't have many shares in TOA. Looking at our data, we can see that the largest shareholder is Mizuho Financial Group, Inc. with 6.4% of shares outstanding. Taiheiyo Cement Corporation is the second largest shareholder owning 5.9% of common stock, and Meiji Yasuda Life Insurance Company holds about 4.0% of the company stock.

Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 19 shareholders, meaning that no single shareholder has a majority interest in the ownership.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time.

Insider Ownership Of TOA

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

We can see that insiders own shares in TOA Corporation. This is a big company, so it is good to see this level of alignment. Insiders own JP¥7.4b worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.

General Public Ownership

With a 47% ownership, the general public, mostly comprising of individual investors, have some degree of sway over TOA. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 3.5%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Public Company Ownership

We can see that public companies hold 5.9% of the TOA shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for TOA you should be aware of.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.