| 1 | 5889 Japan Eyewear Holdings Co., Ltd. | 32.0% FY2025 | FY2025 |
| 2 | 456A HUMAN MADE Inc. | 31.7% FY2025 | FY2025 |
| 3 | 7544 Three F Co.,Ltd. | 30.9% FY2025 | FY2025 |
| 4 | 3092 ZOZO, Inc. | 30.4% FY2025 | FY2025 |
| 5 | 9272 Boutiques,Inc. | 28.5% FY2025 | FY2025 |
| 6 | 7564 WORKMAN CO.,LTD. | 24.9% FY2025 | FY2025 |
| 7 | 7523 ART VIVANT CO.,LTD. | 21.3% FY2025 | FY2025 |
| 8 | 9271 Wagokoro co., ltd. | 20.4% FY2025 | FY2025 |
| 9 | 8252 MARUI GROUP CO.,LTD. | 18.1% FY2025 | FY2025 |
| 10 | 2670 ABC-MART,INC. | 16.7% FY2025 | FY2025 |
| 11 | 9983 FAST RETAILING CO., LTD. | 16.6% FY2024 | FY2024 |
| 12 | 7638 NEW ART HOLDINGS Co., Ltd. | 15.3% FY2025 | FY2025 |
| 13 | 3099 Isetan Mitsukoshi Holdings Ltd. | 14.7% FY2025 | FY2025 |
| 14 | 3064 MonotaRO Co.,Ltd. | 13.8% FY2025 | FY2025 |
| 15 | 9843 Nitori Holdings Co., Ltd. | 13.8% FY2025 | FY2025 |
| 16 | 556A INUNEKO-SEIKATSU Co.,Ltd. | 13.4% FY2025 | FY2025 |
| 17 | 3021 Pacific Net Co.,Ltd. | 13.3% FY2025 | FY2025 |
| 18 | 7110 Kurashicom Inc. | 12.8% FY2024 | FY2024 |
| 19 | 2702 McDonald's Holdings Company (Japan), Ltd. | 12.8% FY2025 | FY2025 |
| 20 | 3046 JINS HOLDINGS Inc. | 12.4% FY2024 | FY2024 |
| 21 | 3558 JADE GROUP, Inc. | 12.4% FY2025 | FY2025 |
| 22 | 262A INTERMESTIC INC. | 11.9% FY2025 | FY2025 |
| 23 | 7605 FUJI CORPORATION | 11.9% FY2023 | FY2023 |
| 24 | 2652 MANDARAKE INC. | 11.8% FY2024 | FY2024 |
| 25 | 2726 PAL GROUP Holdings CO.,LTD. | 11.6% FY2025 | FY2025 |
| 26 | 3221 Yossix Holdings Co.,Ltd. | 11.6% FY2025 | FY2025 |
| 27 | 367A Primo Global Holdings Co., Ltd. | 11.2% FY2024 | FY2024 |
| 28 | 3086 J.FRONT RETAILING Co.,Ltd. | 11.0% FY2025 | FY2025 |
| 29 | 3399 Maruchiyo Yamaokaya Corporation | 10.9% FY2025 | FY2025 |
| 30 | 8233 Takashimaya Company, Limited | 10.9% FY2025 | FY2025 |
| 31 | 8181 Totenko Co.,Ltd. | 10.7% FY2025 | FY2025 |
| 32 | 7611 HIDAY HIDAKA Corp. | 10.6% FY2025 | FY2025 |
| 33 | 325A TENTIAL Inc. | 10.5% FY2025 (7 months) | FY2025 (7 months) |
| 34 | 7692 EARTH INFINITY CO.LTD. | 10.4% FY2024 | FY2024 |
| 35 | 8174 NIPPON GAS CO.,LTD. | 10.2% FY2025 | FY2025 |
| 36 | 3093 Treasure Factory Co.,LTD. | 9.8% FY2025 | FY2025 |
| 37 | 3091 BRONCO BILLY Co.,LTD. | 9.7% FY2025 | FY2025 |
| 38 | 3073 DD GROUP Co.,Ltd. | 9.7% FY2024 | FY2024 |
| 39 | 3328 BEENOS Inc. | 9.4% FY2023 | FY2023 |
| 40 | 7453 RYOHIN KEIKAKU CO., LTD. | 9.4% FY2024 | FY2024 |
| 41 | 9279 GIFT HOLDINGS INC. | 9.4% FY2024 | FY2024 |
| 42 | 9936 OHSHO FOOD SERVICE CORP. | 8.9% FY2025 | FY2025 |
| 43 | 9876 COX CO.,LTD. | 8.9% FY2025 | FY2025 |
| 44 | 8227 SHIMAMURA CO., Ltd. | 8.8% FY2025 | FY2025 |
| 45 | 8214 AOKI Holdings Inc. | 8.7% FY2025 | FY2025 |
| 46 | 2674 HARD OFF CORPORATION Co.,Ltd. | 8.6% FY2025 | FY2025 |
| 47 | 2673 YUMEMITSUKETAI Co.,Ltd. | 8.5% FY2025 | FY2025 |
| 48 | 3563 FOOD & LIFE COMPANIES LTD. | 8.4% FY2024 | FY2024 |
| 49 | 3177 ARIGATOU SERVICES COMPANY,LIMITED | 8.3% FY2025 | FY2025 |
| 50 | 3415 TOKYO BASE Co.,Ltd. | 8.2% FY2025 | FY2025 |
| 51 | 2792 HONEYS HOLDINGS CO., LTD. | 8.2% FY2025 | FY2025 |
| 52 | 2782 Seria Co., Ltd. | 8.2% FY2025 | FY2025 |
| 53 | 3097 The Monogatari Corporation | 8.0% FY2025 | FY2025 |
| 54 | 138A Hikari Food Service Co., Ltd. | 7.9% FY2024 | FY2024 |
| 55 | 3566 UNIFORM NEXT CO., LTD. | 7.7% FY2025 | FY2025 |
| 56 | 5892 yutori, Inc. | 7.6% FY2025 | FY2025 |
| 57 | 3088 MatsukiyoCocokara&Co. | 7.6% FY2025 | FY2025 |
| 58 | 9900 Sagami Holdings Corporation | 7.6% FY2025 | FY2025 |
| 59 | 9997 BELLUNA CO.,LTD. | 7.6% FY2025 | FY2025 |
| 60 | 3542 Vega corporation Co.,Ltd. | 7.5% FY2025 | FY2025 |
| 61 | 9904 Vérité Co.,Ltd. | 7.4% FY2025 | FY2025 |
| 62 | 3329 TOWA FOOD SERVICE CO.,LTD | 7.4% FY2025 | FY2025 |
| 63 | 3361 Toell Co.,Ltd. | 7.3% FY2025 | FY2025 |
| 64 | 274A Garden Co., Ltd. | 7.3% FY2025 | FY2025 |
| 65 | 7630 ICHIBANYA CO.,LTD. | 7.2% FY2025 | FY2025 |
| 66 | 7532 Pan Pacific International Holdings Corporation | 7.2% FY2025 | FY2025 |
| 67 | 3020 Applied Co.,Ltd. | 7.1% FY2025 | FY2025 |
| 68 | 3560 Hobonichi Co., Ltd. | 7.1% FY2024 | FY2024 |
| 69 | 7126 Global Style Co.,Ltd. | 7.0% FY2024 | FY2024 |
| 70 | 9927 WATT MANN CO.,LTD. | 7.0% FY2024 | FY2024 |
| 71 | 2659 SAN-A CO.,LTD. | 7.0% FY2025 | FY2025 |
| 72 | 3347 TRUST CO., LTD. | 6.9% FY2024 | FY2024 |
| 73 | 7133 HYUGA PRIMARY CARE Co.,Ltd. | 6.8% FY2025 | FY2025 |
| 74 | 428A Cypress Holdings Co., Ltd. | 6.8% FY2024 | FY2024 |
| 75 | 3193 Eternal Hospitality Group Co.,Ltd. | 6.7% FY2024 | FY2024 |
| 76 | 5888 DAIWA CYCLE CO.,LTD. | 6.7% FY2025 | FY2025 |
| 77 | 3075 Choushimaru Co.,Ltd. | 6.7% FY2025 | FY2025 |
| 78 | 2928 RIZAP GROUP, Inc. | 6.6% FY2025 | FY2025 |
| 79 | 3191 JOYFUL HONDA CO.,LTD. | 6.6% FY2025 | FY2025 |
| 80 | 3197 SKYLARK HOLDINGS CO., LTD. | 6.5% FY2025 | FY2025 |
| 81 | 3317 FLYING GARDEN CO., LTD. | 6.5% FY2025 | FY2025 |
| 82 | 9828 Genki Global Dining Concepts Corporation | 6.5% FY2025 | FY2025 |
| 83 | 8005 Scroll Corporation | 6.5% FY2025 | FY2025 |
| 84 | 7550 ZENSHO HOLDINGS CO.,LTD. | 6.4% FY2025 | FY2025 |
| 85 | 3561 CHIKARANOMOTO HOLDINGS Co.,Ltd. | 6.4% FY2025 | FY2025 |
| 86 | 3087 DOUTOR・NICHIRES Holdings Co., Ltd. | 6.4% FY2025 | FY2025 |
| 87 | 245A INGS inc. | 6.3% FY2024 | FY2024 |
| 88 | 9942 Joyfull Co.,Ltd. | 6.3% FY2025 | FY2025 |
| 89 | 8218 KOMERI CO.,LTD. | 6.2% FY2025 | FY2025 |
| 90 | 9990 SAC'S BAR HOLDINGS INC. | 6.2% FY2025 | FY2025 |
| 91 | 7621 UKAI CO.,LTD. | 6.1% FY2025 | FY2025 |
| 92 | 7581 SAIZERIYA CO.,LTD. | 6.0% FY2024 | FY2024 |
| 93 | 7419 Nojima Corporation | 5.9% FY2025 | FY2025 |
| 94 | 2753 AMIYAKI TEI CO., LTD. | 5.9% FY2025 | FY2025 |
| 95 | 7561 HURXLEY CORPORATION | 5.8% FY2025 | FY2025 |
| 96 | 3395 Saint Marc Holdings Co., Ltd. | 5.8% FY2025 | FY2025 |
| 97 | 3550 STUDIO ATAO Co., Ltd. | 5.8% FY2025 | FY2025 |
| 98 | 2705 OOTOYA Holdings Co., Ltd. | 5.8% FY2025 | FY2025 |
| 99 | 8237 MATSUYA CO., LTD. | 5.8% FY2025 | FY2025 |
| 100 | 3050 DCM Holdings Co., Ltd. | 5.7% FY2025 | FY2025 |