{
  "commentary": [
    {
      "heading": null,
      "paragraphs": [
        "FY15時点では日本マスタートラスト信託銀行8.93%を筆頭に、創業家系の千秋社・茂木佐・引高・くしがた・丸仁ホールディングス・野田産業科学研究所・興風会など6口で約14%を占める伝統的な長期保有構造だった。",
        "FY24では日本マスタートラスト信託銀行が19.0%まで急上昇する一方、創業家系6口の合計は約14%でほぼ不変であり、信託銀行への集中と創業家系の長期保有が並存している。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 8.93,
      "shares_held": 18794000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口）",
      "shareholding_ratio": 5.49,
      "shares_held": 11541000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.19,
      "shares_held": 6720000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 2.92,
      "shares_held": 6140000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 資産管理サービス信託銀行㈱)",
      "shareholding_ratio": 2.36,
      "shares_held": 4959000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.28,
      "shares_held": 4796000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 1.98,
      "shares_held": 4171000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 1.85,
      "shares_held": 3884000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "(公財)野田産業科学研究所",
      "shareholding_ratio": 1.77,
      "shares_held": 3727000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "(公財)興風会",
      "shareholding_ratio": 1.56,
      "shares_held": 3272000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 10.04,
      "shares_held": 21124000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口）",
      "shareholding_ratio": 5.5,
      "shares_held": 11580000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.19,
      "shares_held": 6720000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 2.92,
      "shares_held": 6140000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 資産管理サービス信託銀行㈱)",
      "shareholding_ratio": 2.36,
      "shares_held": 4959000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.28,
      "shares_held": 4796000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 1.98,
      "shares_held": 4171000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 1.85,
      "shares_held": 3884000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "(公財)野田産業科学研究所",
      "shareholding_ratio": 1.77,
      "shares_held": 3727000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "(公財)興風会",
      "shareholding_ratio": 1.56,
      "shares_held": 3272000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 12.37,
      "shares_held": 23754000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口）",
      "shareholding_ratio": 6.71,
      "shares_held": 12886000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.5,
      "shares_held": 6720000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 資産管理サービス信託銀行㈱)",
      "shareholding_ratio": 2.58,
      "shares_held": 4959000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.17,
      "shares_held": 4171000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.02,
      "shares_held": 3884000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "(公財)野田産業科学研究所",
      "shareholding_ratio": 1.94,
      "shares_held": 3727000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "(公財)興風会",
      "shareholding_ratio": 1.7,
      "shares_held": 3272000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 13.67,
      "shares_held": 26253000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口）",
      "shareholding_ratio": 6.18,
      "shares_held": 11868000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.5,
      "shares_held": 6720000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 資産管理サービス信託銀行㈱)",
      "shareholding_ratio": 2.58,
      "shares_held": 4959000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.17,
      "shares_held": 4171000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.02,
      "shares_held": 3884000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "(公財)野田産業科学研究所",
      "shareholding_ratio": 1.94,
      "shares_held": 3727000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "資産管理サービス信託銀行㈱ （証券投資信託口）",
      "shareholding_ratio": 1.71,
      "shares_held": 3283000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 14.15,
      "shares_held": 27174000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口）",
      "shareholding_ratio": 6.31,
      "shares_held": 12122000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.5,
      "shares_held": 6720000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 資産管理サービス信託銀行㈱)",
      "shareholding_ratio": 2.58,
      "shares_held": 4959000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.17,
      "shares_held": 4171000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.02,
      "shares_held": 3884000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "日本トラスティ・サービス信託銀行㈱ （信託口７）",
      "shareholding_ratio": 1.99,
      "shares_held": 3826000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "公益財団法人野田産業科学研究所",
      "shareholding_ratio": 1.94,
      "shares_held": 3727000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 15.7,
      "shares_held": 30143000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行（信託口）",
      "shareholding_ratio": 6.43,
      "shares_held": 12355000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.5,
      "shares_held": 6720000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "明治安田生命保険(相) (常任代理人 ㈱日本カストディ銀行)",
      "shareholding_ratio": 2.58,
      "shares_held": 4959000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.17,
      "shares_held": 4171000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.02,
      "shares_held": 3884000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "㈱日本カストディ銀行 （信託口７）",
      "shareholding_ratio": 2.02,
      "shares_held": 3880000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "公益財団法人野田産業科学研究所",
      "shareholding_ratio": 1.94,
      "shares_held": 3727000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 21.26,
      "shares_held": 40740000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行（信託口）",
      "shareholding_ratio": 6.5,
      "shares_held": 12451000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.51,
      "shares_held": 6720000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "明治安田生命保険(相) （常任代理人 ㈱日本カストディ銀行）",
      "shareholding_ratio": 2.59,
      "shares_held": 4959000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.18,
      "shares_held": 4171000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.03,
      "shares_held": 3884000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "（公財）野田産業科学研究所",
      "shareholding_ratio": 1.95,
      "shares_held": 3727000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "（公財）興風会",
      "shareholding_ratio": 1.71,
      "shares_held": 3272000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 19.6,
      "shares_held": 37545000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行（信託口）",
      "shareholding_ratio": 7.42,
      "shares_held": 14221000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.51,
      "shares_held": 6720000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.2,
      "shares_held": 6140000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "明治安田生命保険(相) （常任代理人 ㈱日本カストディ銀行）",
      "shareholding_ratio": 2.59,
      "shares_held": 4959000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.5,
      "shares_held": 4796000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.18,
      "shares_held": 4171000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.03,
      "shares_held": 3884000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 9,
      "name": "（公財）野田産業科学研究所",
      "shareholding_ratio": 1.95,
      "shares_held": 3727000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 10,
      "name": "（公財）興風会",
      "shareholding_ratio": 1.71,
      "shares_held": 3272000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 18.65,
      "shares_held": 35519000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行（信託口）",
      "shareholding_ratio": 7.31,
      "shares_held": 13922000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 3,
      "name": "㈱千秋社",
      "shareholding_ratio": 3.53,
      "shares_held": 6720000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 4,
      "name": "㈱茂木佐",
      "shareholding_ratio": 3.22,
      "shares_held": 6140000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 5,
      "name": "明治安田生命保険(相) （常任代理人 ㈱日本カストディ銀行）",
      "shareholding_ratio": 2.6,
      "shares_held": 4959000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 6,
      "name": "㈱引高",
      "shareholding_ratio": 2.52,
      "shares_held": 4796000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 7,
      "name": "㈲くしがた",
      "shareholding_ratio": 2.19,
      "shares_held": 4171000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 8,
      "name": "㈱丸仁ホールディングス",
      "shareholding_ratio": 2.04,
      "shares_held": 3884000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 9,
      "name": "（公財）野田産業科学研究所",
      "shareholding_ratio": 1.96,
      "shares_held": 3727000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 10,
      "name": "（公財）興風会",
      "shareholding_ratio": 1.72,
      "shares_held": 3272000
    },
    {
      "FY": "FY24",
      "period": "2025/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行㈱ （信託口）",
      "shareholding_ratio": 19,
      "shares_held": 179225000
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