{
  "commentary": "- FY15時点では創業者の三木正浩氏個人25.9%・資産管理会社の合同会社イーエム・プランニング24.99%・三木美智子氏11.49%の同族集中構造だった。\n- FY22に三木正浩氏の個人保有25.9%がイーエム・プランニングへ移管され、FY24時点で同社が49.89%を握る資産管理会社経由保有へ刷新されている。",
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 24.99,
      "shares_held": 20628400
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "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": 2.28,
      "shares_held": 1886300
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 5,
      "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": 1.93,
      "shares_held": 1594600
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 6,
      "name": "STATE STREET BANK AND TRUST COMPANY 505223 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.36,
      "shares_held": 1126144
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 7,
      "name": "STATE STREET BANK AND TRUST COMPANY 505225 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.1,
      "shares_held": 914091
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 8,
      "name": "ナティクシス日本証券株式会社",
      "shareholding_ratio": 0.9,
      "shares_held": 746500
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 9,
      "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": 0.79,
      "shares_held": 656756
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 10,
      "name": "全国共済農業協同組合連合会 （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": 0.78,
      "shares_held": 643800
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 24.99,
      "shares_held": 20628400
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "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": 3.12,
      "shares_held": 2575700
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 5,
      "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,
      "shares_held": 1653900
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 6,
      "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": 1.5,
      "shares_held": 1240331
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 7,
      "name": "STATE STREET BANK AND TRUST COMPANY 505225 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.23,
      "shares_held": 1017924
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 8,
      "name": "上田八木短資株式会社",
      "shareholding_ratio": 0.99,
      "shares_held": 819000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 9,
      "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": 0.9,
      "shares_held": 744456
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 10,
      "name": "全国共済農業協同組合連合会 （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": 0.78,
      "shares_held": 643800
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 25.03,
      "shares_held": 20666000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "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": 3.29,
      "shares_held": 2723500
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 5,
      "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": 3.13,
      "shares_held": 2584800
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 6,
      "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": 1.14,
      "shares_held": 942383
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 7,
      "name": "THE BANK OF NEW YORK MELLON SA/NV 10 （常任代理人 株式会社三菱東京ＵＦＪ銀行 ）",
      "shareholding_ratio": 0.99,
      "shares_held": 823703
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 8,
      "name": "ORBIS SICAV （常任代理人 シティバンク、エヌ・エイ東京支店）",
      "shareholding_ratio": 0.99,
      "shares_held": 818846
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "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": 0.83,
      "shares_held": 685500
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 10,
      "name": "BANQUE DE LUXEMBOURG - UCITS CLIENTS （常任代理人 株式会社三井住友銀行）",
      "shareholding_ratio": 0.8,
      "shares_held": 663271
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 25.03,
      "shares_held": 20666000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "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": 3.92,
      "shares_held": 3242500
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 5,
      "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": 2.39,
      "shares_held": 1979300
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 6,
      "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": 1.37,
      "shares_held": 1133535
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 7,
      "name": "JPモルガン証券株式会社",
      "shareholding_ratio": 1.28,
      "shares_held": 1058394
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 8,
      "name": "株式会社かんぽ生命保険 （常任代理人 資産管理サービス信託銀行株式会社）",
      "shareholding_ratio": 0.85,
      "shares_held": 709000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 9,
      "name": "BNYM AS AGT/CLTS NON TREATY JASDEC （常任代理人 株式会社三菱UFJ銀行）",
      "shareholding_ratio": 0.82,
      "shares_held": 684146
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 10,
      "name": "ORBIS SICAV （常任代理人 シティバンク、エヌ・エイ東京支店）",
      "shareholding_ratio": 0.78,
      "shares_held": 651946
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 25.03,
      "shares_held": 20666000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "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": 4.29,
      "shares_held": 3542500
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 5,
      "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": 2.53,
      "shares_held": 2093700
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 6,
      "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": 1.4,
      "shares_held": 1161135
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 7,
      "name": "三菱UFJモルガン・スタンレー証券株式会社",
      "shareholding_ratio": 1.02,
      "shares_held": 849900
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 8,
      "name": "STATE STREET BANK AND TRUST COMPANY 505103 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 0.96,
      "shares_held": 798479
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 9,
      "name": "日本証券金融株式会社",
      "shareholding_ratio": 0.92,
      "shares_held": 767100
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 10,
      "name": "SMBC日興証券株式会社",
      "shareholding_ratio": 0.82,
      "shares_held": 677700
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 25.03,
      "shares_held": 20666000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "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": 3.99,
      "shares_held": 3298700
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 3.34,
      "shares_held": 2762200
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 6,
      "name": "SMBC日興証券株式会社",
      "shareholding_ratio": 2.21,
      "shares_held": 1830800
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 7,
      "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": 1.19,
      "shares_held": 988335
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 8,
      "name": "STATE STREET BANK AND TRUST COMPANY 505103 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.04,
      "shares_held": 858558
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 9,
      "name": "日本証券金融株式会社",
      "shareholding_ratio": 0.87,
      "shares_held": 720200
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 10,
      "name": "株式会社日本カストディ銀行（信託口９）",
      "shareholding_ratio": 0.73,
      "shares_held": 602800
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 1,
      "name": "三木 正浩",
      "shareholding_ratio": 25.9,
      "shares_held": 21380000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 2,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 25.03,
      "shares_held": 20666000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 3,
      "name": "三木 美智子",
      "shareholding_ratio": 11.49,
      "shares_held": 9484000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "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": 8.09,
      "shares_held": 6682800
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 4.88,
      "shares_held": 4034200
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 6,
      "name": "SMBC日興証券株式会社",
      "shareholding_ratio": 1.12,
      "shares_held": 925600
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 7,
      "name": "日本証券金融株式会社",
      "shareholding_ratio": 0.83,
      "shares_held": 687100
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 8,
      "name": "STATE STREET BANK AND TRUST COMPANY 505103 （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 0.8,
      "shares_held": 660738
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 9,
      "name": "UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT （常任代理人 シティバンク、エヌ・エイ東京支店）",
      "shareholding_ratio": 0.78,
      "shares_held": 647992
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 10,
      "name": "MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB （常任代理人 BOFA証券株式会社）",
      "shareholding_ratio": 0.73,
      "shares_held": 607883
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 1,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 42.49,
      "shares_held": 35075000
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 2,
      "name": "三木 正浩",
      "shareholding_ratio": 16.93,
      "shares_held": 13980000
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "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": 7.93,
      "shares_held": 6551700
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 4,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 5.26,
      "shares_held": 4345100
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 5,
      "name": "三木 美智子",
      "shareholding_ratio": 2.99,
      "shares_held": 2475000
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 6,
      "name": "三菱ＵＦＪモルガン・スタンレー証券株式会社",
      "shareholding_ratio": 1.36,
      "shares_held": 1124440
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 7,
      "name": "日本証券金融株式会社",
      "shareholding_ratio": 1,
      "shares_held": 827100
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 8,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT(常任代理人 香港上海銀行東京支店)",
      "shareholding_ratio": 0.93,
      "shares_held": 768165
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 9,
      "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": 0.81,
      "shares_held": 672018
    },
    {
      "FY": "FY22",
      "period": "2023/2",
      "rank": 10,
      "name": "SMBC日興証券株式会社",
      "shareholding_ratio": 0.74,
      "shares_held": 612400
    },
    {
      "FY": "FY23",
      "period": "2024/2",
      "rank": 1,
      "name": "合同会社イーエム・プランニング",
      "shareholding_ratio": 42.49,
      "shares_held": 105225000
    },
    {
      "FY": "FY23",
      "period": "2024/2",
      "rank": 2,
      "name": "三木 正浩",
      "shareholding_ratio": 16.93,
      "shares_held": 41940000
    },
    {
      "FY": "FY23",
      "period": "2024/2",
      "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": 7.26,
      "shares_held": 17977100
    },
    {
      "FY": "FY23",
      "period": "2024/2",
      "rank": 4,
      "name": "株式会社日本カストディ銀行(信託口)",
      "shareholding_ratio": 3.45,
      "shares_held": 8560200
    },
    {
      "FY": "FY23",
      "period": "2024/2",
      "rank": 5,
      "name": "三木 美智子",
      "shareholding_ratio": 2.99,
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