{
  "commentary": [
    {
      "heading": null,
      "paragraphs": [
        "2021年4月の東証マザーズ上場直後のFY21時点では創業者の南壮一郎氏が45.24%を保有する創業者集中構造で、SSBTC ClientやYJ2号投資事業組合などのVC・外資が続いていた。",
        "FY25では南壮一郎氏の持分は34.94%へ約10pt低下し、日本マスタートラスト信託銀行9.69%が二位に浮上するなど、信託銀行・海外機関投資家の受け入れが進んでいる。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 1,
      "name": "南 壮一郎",
      "shareholding_ratio": 45.24,
      "shares_held": 16224400
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ（常代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 10.12,
      "shares_held": 3629068
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 3,
      "name": "ＹＪ２号投資事業組合",
      "shareholding_ratio": 4.8,
      "shares_held": 1721400
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 4,
      "name": "Ｊａｐａｎ Ｅｎｔｒｅｐｒｅｎｅｕｒ Ｃｏｌｌａｂｏｒａｔｉｏｎ Ｌｉｍｉｔｅｄ",
      "shareholding_ratio": 4.35,
      "shares_held": 1561300
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口９）",
      "shareholding_ratio": 2.78,
      "shares_held": 999800
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 6,
      "name": "竹内 真",
      "shareholding_ratio": 2.59,
      "shares_held": 929800
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 7,
      "name": "モルガン・スタンレーＭＵＦＧ証券株式会社",
      "shareholding_ratio": 2.45,
      "shares_held": 882045
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 8,
      "name": "島田 亨",
      "shareholding_ratio": 1.91,
      "shares_held": 685000
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 9,
      "name": "ＭＬＩ ＦＯＲ ＣＬＩＥＮＴ ＧＥＮＥＲＡＬ ＯＭＮＩ ＮＯＮ ＣＯＬＬＡＴＥＲＡＬ ＮＯＮ ＴＲＥＡＴＹ－ＰＢ（常代理人 ＢＯＦＡ証券株式会社）",
      "shareholding_ratio": 1.66,
      "shares_held": 596333
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "rank": 10,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 1.62,
      "shares_held": 582100
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 1,
      "name": "南 壮一郎",
      "shareholding_ratio": 42.13,
      "shares_held": 16159000
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 9.19,
      "shares_held": 3525950
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "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": 4.78,
      "shares_held": 1835700
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 4,
      "name": "ＹＪ２号投資事業組合",
      "shareholding_ratio": 4.48,
      "shares_held": 1721400
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 5,
      "name": "ＭＳＩＰ ＣＬＩＥＮＴ ＳＥＣＵＲＩＴＩＥＳ（常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社）",
      "shareholding_ratio": 4.48,
      "shares_held": 1718070
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 6,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 3.32,
      "shares_held": 1276900
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 7,
      "name": "竹内 真",
      "shareholding_ratio": 2.39,
      "shares_held": 920200
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 8,
      "name": "ＭＳＣＯ ＣＵＳＴＯＭＥＲ ＳＥＣＵＲＩＴＩＥＳ（常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社）",
      "shareholding_ratio": 1.35,
      "shares_held": 519481
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 9,
      "name": "永田 信",
      "shareholding_ratio": 1.31,
      "shares_held": 503200
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "rank": 10,
      "name": "ＮＯＲＴＨＥＲＮ ＴＲＵＳＴ ＣＯ．（ＡＶＦＣ） ＲＥ ＵＫＵＣ ＵＣＩＴＳ ＣＬＩＥＮＴＳ ＮＯＮ ＬＥＮＤＩＮＧ １０ＰＣＴ ＴＲＥＡＴＹ ＡＣＣＯＵＮＴ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 1.19,
      "shares_held": 458300
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 1,
      "name": "南 壮一郎",
      "shareholding_ratio": 39.46,
      "shares_held": 15428300
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 9.64,
      "shares_held": 3771180
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "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": 6.03,
      "shares_held": 2359100
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 4,
      "name": "ＹＪ２号投資事業組合",
      "shareholding_ratio": 4.4,
      "shares_held": 1721400
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 3.79,
      "shares_held": 1484400
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 6,
      "name": "竹内 真",
      "shareholding_ratio": 1.9,
      "shares_held": 744200
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 7,
      "name": "ＩＮＤＵＳ ＳＥＬＥＣＴ ＭＡＳＴＥＲ ＦＵＮＤ， ＬＴＤ．（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 1.4,
      "shares_held": 548500
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 8,
      "name": "ＭＳＣＯ ＣＵＳＴＯＭＥＲ ＳＥＣＵＲＩＴＩＥＳ（常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社）",
      "shareholding_ratio": 1.35,
      "shares_held": 530620
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 9,
      "name": "永田 信",
      "shareholding_ratio": 1.23,
      "shares_held": 483600
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "rank": 10,
      "name": "ＮＯＲＴＨＥＲＮ ＴＲＵＳＴ ＣＯ．（ＡＶＦＣ） ＲＥ ＵＫＵＣ ＵＣＩＴＳ ＣＬＩＥＮＴＳ ＮＯＮ ＬＥＮＤＩＮＧ １０ＰＣＴ ＴＲＥＡＴＹ ＡＣＣＯＵＮＴ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 1.22,
      "shares_held": 479400
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 1,
      "name": "南 壮一郎",
      "shareholding_ratio": 35.74,
      "shares_held": 14169600
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 2,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１（常任代理人香港上海銀行東京支店）",
      "shareholding_ratio": 9.15,
      "shares_held": 3629030
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "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": 9.09,
      "shares_held": 3606834
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 4,
      "name": "ＹＪ２号投資事業組合",
      "shareholding_ratio": 4.34,
      "shares_held": 1721400
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 3.89,
      "shares_held": 1545300
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 6,
      "name": "ＭＳＩＰ ＣＬＩＥＮＴ ＳＥＣＵＲＩＴＩＥＳ（常任代理人モルガン・スタンレーＭＵＦＧ証券株式会社）",
      "shareholding_ratio": 2.17,
      "shares_held": 860906
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 7,
      "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": 1.94,
      "shares_held": 769160
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 8,
      "name": "ＮＯＲＴＨＥＲＮ ＴＲＵＳＴ ＣＯ．（ＡＶＦＣ） ＲＥ ＦＩＤＥＬＩＴＹ ＦＵＮＤＳ（常任代理人香港上海銀行東京支店）",
      "shareholding_ratio": 1.28,
      "shares_held": 509636
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 9,
      "name": "ＧＯＬＤＭＡＮ，ＳＡＣＨＳ ＆ ＣＯ．ＲＥＧ（常任代理人ゴールドマン・サックス証券株式会社）",
      "shareholding_ratio": 1.25,
      "shares_held": 498784
    },
    {
      "FY": "FY24",
      "period": "2024/7",
      "rank": 10,
      "name": "永田信",
      "shareholding_ratio": 1.24,
      "shares_held": 494800
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 1,
      "name": "南 壮一郎",
      "shareholding_ratio": 34.94,
      "shares_held": 14010000
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "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": 9.69,
      "shares_held": 3886600
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 3,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１（常任代理人 株式会社みずほ銀行）",
      "shareholding_ratio": 5.3,
      "shares_held": 2126280
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 4,
      "name": "ＹＪ２号投資事業組合",
      "shareholding_ratio": 4.29,
      "shares_held": 1721400
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 3.99,
      "shares_held": 1602600
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 6,
      "name": "ＮＯＲＴＨＥＲＮ ＴＲＵＳＴ ＣＯ．（ＡＶＦＣ） ＲＥ ＦＩＤＥＬＩＴＹ ＦＵＮＤＳ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.5,
      "shares_held": 1006427
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 7,
      "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": 2.02,
      "shares_held": 812100
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 8,
      "name": "ＢＮＹ ＧＣＭ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ ＪＰＲＤ ＡＣ ＩＳＧ （ＦＥ－ＡＣ）（常任代理人 株式会社三菱ＵＦＪ銀行）",
      "shareholding_ratio": 1.89,
      "shares_held": 757992
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 9,
      "name": "ＭＯＲＧＡＮ ＳＴＡＮＬＥＹ ＆ ＣＯ．ＬＬＣ（常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社）",
      "shareholding_ratio": 1.55,
      "shares_held": 621841
    },
    {
      "FY": "FY25",
      "period": "2025/7",
      "rank": 10,
      "name": "ＢＢＨ ＣＯ ＦＯＲ ＧＲＡＮＤＥＵＲＰＥＡＫ ＩＮＴＥＲＮＡＴＩＯＮＡＬ ＳＴＡＬＷＡＲＴＳ ＦＵＮＤ（常任代理人 株式会社三菱ＵＦＪ銀行）",
      "shareholding_ratio": 1.42,
      "shares_held": 572301
    }
  ],
  "categories": [
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "government",
      "category": "政府・地方公共団体",
      "shareholders": null,
      "shares_units": null,
      "ratio": null
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "financial",
      "category": "金融機関",
      "shareholders": 11,
      "shares_units": 27574,
      "ratio": 7.69
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "financial_service",
      "category": "金融商品取引業者",
      "shareholders": 31,
      "shares_units": 11001,
      "ratio": 3.07
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "other_corporation",
      "category": "その他の法人",
      "shareholders": 122,
      "shares_units": 593,
      "ratio": 0.17
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "foreign_corporation",
      "category": "外国法人等（法人）",
      "shareholders": 99,
      "shares_units": 102557,
      "ratio": 28.6
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "foreign_individual",
      "category": "外国法人等（個人）",
      "shareholders": 8,
      "shares_units": 8,
      "ratio": 0
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "individual",
      "category": "個人その他",
      "shareholders": 3265,
      "shares_units": 216810,
      "ratio": 60.47
    },
    {
      "FY": "FY21",
      "period": "2021/7",
      "category_key": "total",
      "category": "合計",
      "shareholders": 3536,
      "shares_units": 358543,
      "ratio": null
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "government",
      "category": "政府・地方公共団体",
      "shareholders": null,
      "shares_units": null,
      "ratio": null
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "financial",
      "category": "金融機関",
      "shareholders": 8,
      "shares_units": 37588,
      "ratio": 9.8
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "financial_service",
      "category": "金融商品取引業者",
      "shareholders": 32,
      "shares_units": 5485,
      "ratio": 1.43
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "other_corporation",
      "category": "その他の法人",
      "shareholders": 96,
      "shares_units": 762,
      "ratio": 0.2
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "foreign_corporation",
      "category": "外国法人等（法人）",
      "shareholders": 178,
      "shares_units": 110054,
      "ratio": 28.71
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "foreign_individual",
      "category": "外国法人等（個人）",
      "shareholders": 11,
      "shares_units": 44,
      "ratio": 0.01
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "individual",
      "category": "個人その他",
      "shareholders": 4484,
      "shares_units": 229441,
      "ratio": 59.85
    },
    {
      "FY": "FY22",
      "period": "2022/7",
      "category_key": "total",
      "category": "合計",
      "shareholders": 4809,
      "shares_units": 383374,
      "ratio": null
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "category_key": "government",
      "category": "政府・地方公共団体",
      "shareholders": null,
      "shares_units": null,
      "ratio": null
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "category_key": "financial",
      "category": "金融機関",
      "shareholders": 14,
      "shares_units": 48184,
      "ratio": 12.33
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "category_key": "financial_service",
      "category": "金融商品取引業者",
      "shareholders": 42,
      "shares_units": 3038,
      "ratio": 0.78
    },
    {
      "FY": "FY23",
      "period": "2023/7",
      "category_key": "other_corporation",
      "category": "その他の法人",
      "shareholders": 113,
      "shares_units": 923,
      "ratio": 0.24
    },
    {
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