{
  "commentary": "## 清水家同族支配の構成（1957年10月）\n\n1948年に商号を「清水建設」へ改めて1953年に東証上場を果たしてから4年が経った時期の構成（1957年10月1日時点）は、清水康雄2,030,000株が筆頭、続いて清水夏雄1,750,000株・清水満昭1,370,000株・清水正雄1,050,000株・清水庸三1,050,000株・（財団）新住宅普及会659,217株・富士火災海上528,000株・味の素264,000株・三楽酒造264,000株・日清紡績264,000株が上位10名に並ぶ（株式会社年鑑 昭和33年版）。清水家系の5名が上位独占で合計7,250,000株を保有し、発行済20,000,000株中36%を同族で占有、新住宅普及会など住宅政策系財団と取引先各社が法人株主の上位に並ぶ。\n\n所有者別の区分では個人およびその他が80.5%、その他法人11.9%、金融機関6.5%、証券業者1.1%、株主総数1,925名のうち1,872名が個人を占め、戦後の住宅難復興期に清水家中心の同族保有を維持したまま上場を進めた構造が読み取れる（株式会社年鑑 昭和33年版）。直近のFY24（2025年3月期）では日本マスタートラスト信託銀行（14.41%）を筆頭としつつ、清水家の持株会社清水地所（12.12%）・社会福祉法人清水基金（5.68%）・一般財団法人住総研（2.55%）が上位に並ぶ。信託2行で20%弱を握る現代型の構造でありながら、清水地所・清水基金・住総研の3者で17.4%を占有し、同族系資本のプレゼンスは戦後と同様に異色の存在感を保つ。",
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "清水地所株式会社",
      "shareholding_ratio": 7.63,
      "shares_held": 60129000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 4.83,
      "shares_held": 38100000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 4.7,
      "shares_held": 37076000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口）",
      "shareholding_ratio": 4.12,
      "shares_held": 32494000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.37,
      "shares_held": 18709000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.21,
      "shares_held": 17420000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 2.05,
      "shares_held": 16197000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口4）",
      "shareholding_ratio": 1.57,
      "shares_held": 12407000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.34,
      "shares_held": 10564000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "富国生命保険相互会社",
      "shareholding_ratio": 1.34,
      "shares_held": 10552000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "清水地所株式会社",
      "shareholding_ratio": 7.66,
      "shares_held": 60430000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 5.53,
      "shares_held": 43570000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 4.84,
      "shares_held": 38195000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口）",
      "shareholding_ratio": 4.14,
      "shares_held": 32652000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.25,
      "shares_held": 17739000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.21,
      "shares_held": 17420000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 2.05,
      "shares_held": 16197000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口4）",
      "shareholding_ratio": 1.62,
      "shares_held": 12744000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口5）",
      "shareholding_ratio": 1.6,
      "shares_held": 12598000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.34,
      "shares_held": 10564000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "清水地所株式会社",
      "shareholding_ratio": 7.73,
      "shares_held": 60730000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 6.46,
      "shares_held": 50775000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 4.91,
      "shares_held": 38595000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口）",
      "shareholding_ratio": 4.38,
      "shares_held": 34393000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.22,
      "shares_held": 17420000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.09,
      "shares_held": 16426000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 2.06,
      "shares_held": 16197000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口5）",
      "shareholding_ratio": 1.67,
      "shares_held": 13097000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口4）",
      "shareholding_ratio": 1.65,
      "shares_held": 12994000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "ＧＯＶＥＲＮＭＥＮＴ ＯＦ ＮＯＲＷＡＹ",
      "shareholding_ratio": 1.41,
      "shares_held": 11053000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "清水地所株式会社",
      "shareholding_ratio": 7.8,
      "shares_held": 61336000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 7.61,
      "shares_held": 59844000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 3,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口）",
      "shareholding_ratio": 5.7,
      "shares_held": 44813000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 4.91,
      "shares_held": 38595000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.22,
      "shares_held": 17420000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 2.06,
      "shares_held": 16197000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.06,
      "shares_held": 16158000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口5）",
      "shareholding_ratio": 1.71,
      "shares_held": 13442000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口4）",
      "shareholding_ratio": 1.6,
      "shares_held": 12558000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.34,
      "shares_held": 10564000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 8.51,
      "shares_held": 65012000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "name": "清水地所株式会社",
      "shareholding_ratio": 8.12,
      "shares_held": 62030000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 5.05,
      "shares_held": 38595000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口）",
      "shareholding_ratio": 4.36,
      "shares_held": 33352000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.28,
      "shares_held": 17420000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.11,
      "shares_held": 16090000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口7）",
      "shareholding_ratio": 1.99,
      "shares_held": 15208000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口5）",
      "shareholding_ratio": 1.7,
      "shares_held": 12978000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口4）",
      "shareholding_ratio": 1.64,
      "shares_held": 12541000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 1.4,
      "shares_held": 10697000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 9.14,
      "shares_held": 69854000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "清水地所株式会社",
      "shareholding_ratio": 8.3,
      "shares_held": 63431000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 5.05,
      "shares_held": 38595000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 4.68,
      "shares_held": 35755000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.28,
      "shares_held": 17420000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.19,
      "shares_held": 16773000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "株式会社日本カストディ銀行（信託口７）",
      "shareholding_ratio": 1.73,
      "shares_held": 13185000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "株式会社日本カストディ銀行（信託口４）",
      "shareholding_ratio": 1.63,
      "shares_held": 12425000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 1.4,
      "shares_held": 10697000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.38,
      "shares_held": 10564000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 15.74,
      "shares_held": 116653000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "清水地所株式会社",
      "shareholding_ratio": 8.68,
      "shares_held": 64291000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 5.21,
      "shares_held": 38595000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 4.47,
      "shares_held": 33116000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.42,
      "shares_held": 17950000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "清水建設持株会",
      "shareholding_ratio": 2.36,
      "shares_held": 17491000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.35,
      "shares_held": 17420000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "株式会社みずほ銀行",
      "shareholding_ratio": 1.44,
      "shares_held": 10697000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.43,
      "shares_held": 10564000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "富国生命保険相互会社",
      "shareholding_ratio": 1.42,
      "shares_held": 10552000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 14.79,
      "shares_held": 109581000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "清水地所株式会社",
      "shareholding_ratio": 9.86,
      "shares_held": 73081000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "社会福祉法人清水基金",
      "shareholding_ratio": 5.22,
      "shares_held": 38695000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 4.77,
      "shares_held": 35376000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.85,
      "shares_held": 21118000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "清水建設グループ従業員持株会",
      "shareholding_ratio": 2.47,
      "shares_held": 18270000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "一般財団法人住総研",
      "shareholding_ratio": 2.35,
      "shares_held": 17420000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.43,
      "shares_held": 10564000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 9,
      "name": "富国生命保険相互会社",
      "shareholding_ratio": 1.42,
      "shares_held": 10552000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 10,
      "name": "STATE STREET BANK WEST CLIENT － TREATY 505234 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.38,
      "shares_held": 10192000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 14.18,
      "shares_held": 101275000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 2,
      "name": "清水地所株式会社",
      "shareholding_ratio": 10.86,
      "shares_held": 77581000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 3,
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      "shareholding_ratio": 5.42,
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      "name": "（社）清水基金",
      "shareholding_ratio": 5.71,
      "shares_held": 31410000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 4,
      "name": "三菱信託銀行",
      "shareholding_ratio": 5.05,
      "shares_held": 27789000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 5,
      "name": "（財団）新住宅普及会",
      "shareholding_ratio": 2.51,
      "shares_held": 13825000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 6,
      "name": "清水満昭",
      "shareholding_ratio": 2.28,
      "shares_held": 12541000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 7,
      "name": "従業員持株会",
      "shareholding_ratio": 2.08,
      "shares_held": 11466000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 8,
      "name": "日本生命保険",
      "shareholding_ratio": 1.55,
      "shares_held": 8549000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 9,
      "name": "日清紡績",
      "shareholding_ratio": 1.32,
      "shares_held": 7255000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY79",
      "period": "1980/3",
      "company_name_at_period": "清水建設",
      "rank": 10,
      "name": "富国生命保険",
      "shareholding_ratio": 1.26,
      "shares_held": 6905000,
      "total_shares": 550000000,
      "source": "企業系列総覧 1981年版"
    }
  ]
}