{
  "commentary": [
    {
      "heading": "大株主",
      "paragraphs": [
        "FY24（2025年3月期）の大株主は日本生命保険、第一生命、第一生命傘下信託、信託銀行口（マスタートラスト・カストディ）を中心とした金融機関の安定保有が中核を占めている。",
        "上場（1969年11月）以来、生命保険会社・都市銀行系信託の安定株主比率が高い設備工事業の典型的な所有構造を継続している。"
      ]
    },
    {
      "heading": "所有者別分布",
      "paragraphs": [
        "金融機関・外国法人の保有比率が高く、個人株主比率は相対的に低い。",
        "詳細な所有者カテゴリ別シェア推移は generated/1969_32_shareholder_categories.csv を参照。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 5.51,
      "shares_held": 4560000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "第一生命保険株式会社(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 5.11,
      "shares_held": 4231000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.42,
      "shares_held": 3665000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 2.83,
      "shares_held": 2346000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 2.63,
      "shares_held": 2177000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "高砂共栄会",
      "shareholding_ratio": 2.61,
      "shares_held": 2168000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "日本マスタートラスト信託銀行株式会社(信託口)",
      "shareholding_ratio": 2.55,
      "shares_held": 2117000
    },
    {
      "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)",
      "shareholding_ratio": 1.65,
      "shares_held": 1370000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "ＣＲＥＤＩＴ ＳＵＩＳＳＥ ＳＥＣＵＲＩＴＩＥＳ （ＵＳＡ） ＬＬＣ ＳＰＣＬ． ＦＯＲ ＥＸＣＬ． ＢＥＮ(常任代理人 クレディ・スイス証券株式会社)",
      "shareholding_ratio": 1.52,
      "shares_held": 1260000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "ＵＢＳ ＳＥＣＵＲＩＴＩＥＳ ＬＬＣ－ＨＦＳ ＣＵＳＴＯＭＥＲ ＳＥＧＲＥＧＡＴＥＤ ＡＣＣＯＵＮＴ(常任代理人 シティバンク銀行株式会社)",
      "shareholding_ratio": 1.43,
      "shares_held": 1187000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 5.51,
      "shares_held": 4560000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "第一生命保険株式会社(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 5.11,
      "shares_held": 4231000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.33,
      "shares_held": 3585000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "日本マスタートラスト信託銀行株式会社(信託口)",
      "shareholding_ratio": 3.32,
      "shares_held": 2755000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 2.83,
      "shares_held": 2346000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "高砂共栄会",
      "shareholding_ratio": 2.73,
      "shares_held": 2264000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 2.63,
      "shares_held": 2177000
    },
    {
      "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)",
      "shareholding_ratio": 2.6,
      "shares_held": 2155000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "ＣＢＮＹ－ＧＯＶＥＲＮＭＥＮＴ ＯＦ ＮＯＲＷＡＹ（常任代理人 シティバンク銀行株式会社）",
      "shareholding_ratio": 1.48,
      "shares_held": 1232000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "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": 1.37,
      "shares_held": 1134000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.17,
      "shares_held": 4560000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "第一生命保険株式会社(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 5.72,
      "shares_held": 4231000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.57,
      "shares_held": 3377000
    },
    {
      "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": 4.4,
      "shares_held": 3252000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "日本マスタートラスト信託銀行株式会社(信託口)",
      "shareholding_ratio": 4.38,
      "shares_held": 3241000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 3.17,
      "shares_held": 2346000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "高砂共栄会",
      "shareholding_ratio": 3.16,
      "shares_held": 2334000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 2.94,
      "shares_held": 2177000
    },
    {
      "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５)",
      "shareholding_ratio": 1.59,
      "shares_held": 1178000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "日本トラスティ・サービス信託銀行株式会社(信託口９)",
      "shareholding_ratio": 1.38,
      "shares_held": 1023000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.29,
      "shares_held": 4560000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "第一生命保険株式会社(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 5.84,
      "shares_held": 4231000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 4.48,
      "shares_held": 3250000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 4.44,
      "shares_held": 3220000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.42,
      "shares_held": 3207000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "高砂共栄会",
      "shareholding_ratio": 3.41,
      "shares_held": 2474000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 3.23,
      "shares_held": 2346000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 3,
      "shares_held": 2177000
    },
    {
      "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５)",
      "shareholding_ratio": 1.47,
      "shares_held": 1069000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "株式会社京王閣",
      "shareholding_ratio": 1.4,
      "shares_held": 1016000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 1,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.49,
      "shares_held": 4560000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "name": "第一生命保険株式会社(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 6.02,
      "shares_held": 4231000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "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": 5.07,
      "shares_held": 3561000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "日本マスタートラスト信託銀行株式会社(信託口)",
      "shareholding_ratio": 4.77,
      "shares_held": 3354000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.62,
      "shares_held": 3247000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "高砂共栄会",
      "shareholding_ratio": 3.74,
      "shares_held": 2627000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 2.69,
      "shares_held": 1892000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.94,
      "shares_held": 1366000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８５１５１(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.86,
      "shares_held": 1307000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 1.72,
      "shares_held": 1210000
    },
    {
      "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": 6.66,
      "shares_held": 4683000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.49,
      "shares_held": 4560000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 6.02,
      "shares_held": 4231000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 4.85,
      "shares_held": 3406000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "高砂共栄会",
      "shareholding_ratio": 3.9,
      "shares_held": 2742000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 3.71,
      "shares_held": 2610000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 2.04,
      "shares_held": 1439000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.8,
      "shares_held": 1265000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 1.72,
      "shares_held": 1210000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "株式会社京王閣",
      "shareholding_ratio": 1.44,
      "shares_held": 1016000
    },
    {
      "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": 11.85,
      "shares_held": 7976000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.78,
      "shares_held": 4560000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 6.29,
      "shares_held": 4231000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 5.02,
      "shares_held": 3377000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "高砂共栄会",
      "shareholding_ratio": 4.29,
      "shares_held": 2886000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 3.08,
      "shares_held": 2072000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 2.14,
      "shares_held": 1439000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.97,
      "shares_held": 1328000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 1.79,
      "shares_held": 1210000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "株式会社京王閣",
      "shareholding_ratio": 1.51,
      "shares_held": 1016000
    },
    {
      "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": 9.76,
      "shares_held": 6566000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 6.78,
      "shares_held": 4560000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 6.29,
      "shares_held": 4231000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "高砂熱学従業員持株会",
      "shareholding_ratio": 5.18,
      "shares_held": 3485000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "高砂共栄会",
      "shareholding_ratio": 4.38,
      "shares_held": 2949000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 3.68,
      "shares_held": 2476000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 2.14,
      "shares_held": 1439000
    },
    {
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      "rank": 7,
      "name": "住友生命保険",
      "shareholding_ratio": 1.68,
      "shares_held": 611000,
      "total_shares": 36432000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY80",
      "period": "1981/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 8,
      "name": "三和工業",
      "shareholding_ratio": 1.57,
      "shares_held": 570000,
      "total_shares": 36432000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY80",
      "period": "1981/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 9,
      "name": "日本土地山林",
      "shareholding_ratio": 1.55,
      "shares_held": 564000,
      "total_shares": 36432000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY80",
      "period": "1981/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 10,
      "name": "原俊夫",
      "shareholding_ratio": 1.55,
      "shares_held": 563000,
      "total_shares": 36432000,
      "source": "企業系列総覧 1981年版"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 1,
      "name": "日本生命保険",
      "shareholding_ratio": 7.38,
      "shares_held": 6333000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 2,
      "name": "第一生命保険",
      "shareholding_ratio": 4.93,
      "shares_held": 4230000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 3,
      "name": "三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 4.67,
      "shares_held": 4009000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 4,
      "name": "みずほ銀行",
      "shareholding_ratio": 4.22,
      "shares_held": 3627000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 5,
      "name": "日本トラスティ・サービス信託銀行",
      "shareholding_ratio": 4.13,
      "shares_held": 3550000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
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      "name": "高砂熱学従業員持株会",
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      "shares_held": 3268000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 7,
      "name": "日本トラスティ・サービス信託銀行",
      "shareholding_ratio": 3.61,
      "shares_held": 3100000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 8,
      "name": "日本マスタートラスト信託銀行",
      "shareholding_ratio": 2.6,
      "shares_held": 2231000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
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      "shareholding_ratio": 2.02,
      "shares_held": 1734000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
    },
    {
      "FY": "FY05",
      "period": "2006/3",
      "company_name_at_period": "高砂熱学工業",
      "rank": 10,
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      "shares_held": 1704000,
      "total_shares": null,
      "source": "有価証券報告書（2006年3月期）"
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}
