{
  "commentary": [
    {
      "heading": null,
      "paragraphs": [
        "FY15時点では創業家系の瀬田大氏4.82%・瀬田衛氏2.93%・服部モータース2.32%など創業家一族と関連個人が分散保有し、信託銀行口は3%前後にとどまる構造だった。",
        "FY21では日本マスタートラスト信託銀行が17.19%へ急拡大し筆頭株主化、FY24では16.83%を維持しつつステート ストリート バンク6.57%が2位に入り機関化が大きく進展している。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "ステート ストリート バンク アンド トラスト カンパニー （常任代理人 香港上海銀行東京支店 カストディ業務部）",
      "shareholding_ratio": 5.68,
      "shares_held": 17819000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "瀬田 大",
      "shareholding_ratio": 4.82,
      "shares_held": 15100000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "ステート ストリート バンク アンド トラスト カンパニー ５０５２２３ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 3.82,
      "shares_held": 11982000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "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": 3.03,
      "shares_held": 9502000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "瀬田 衛",
      "shareholding_ratio": 2.93,
      "shares_held": 9200000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "安藤 之弘",
      "shareholding_ratio": 2.92,
      "shares_held": 9174000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "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)",
      "shareholding_ratio": 2.69,
      "shares_held": 8454000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "ビービーエイチ フォー フィデリティ ロー プライスド ストック ファンド （プリンシパル オール セクター サブポートフォリオ） （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 2.69,
      "shares_held": 8450000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "野村信託銀行株式会社（退職給付信託三菱東京ＵＦＪ銀行口）",
      "shareholding_ratio": 2.68,
      "shares_held": 8400000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.32,
      "shares_held": 7280000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "ステート ストリート バンク アンド トラスト カンパニー （常任代理人 香港上海銀行東京支店 カストディ業務部）",
      "shareholding_ratio": 5.66,
      "shares_held": 17754000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "瀬田 大",
      "shareholding_ratio": 4.82,
      "shares_held": 15101000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "ステート ストリート バンク アンド トラスト カンパニー ５０５２２３ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 4.22,
      "shares_held": 13225000
    },
    {
      "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": 3.54,
      "shares_held": 11090000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 3.12,
      "shares_held": 9788000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "瀬田 衛",
      "shareholding_ratio": 2.93,
      "shares_held": 9200000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "安藤 之弘",
      "shareholding_ratio": 2.92,
      "shares_held": 9175000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "野村信託銀行株式会社（退職給付信託三菱東京ＵＦＪ銀行口）",
      "shareholding_ratio": 2.68,
      "shares_held": 8400000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "ビービーエイチ フォー フィデリティ ロー プライスド ストック ファンド （プリンシパル オール セクター サブポートフォリオ） （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 2.42,
      "shares_held": 7600000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.32,
      "shares_held": 7280000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "ステート ストリート バンク アンド トラスト カンパニー （常任代理人 香港上海銀行東京支店 カストディ業務部）",
      "shareholding_ratio": 7.96,
      "shares_held": 20269000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "瀬田 大",
      "shareholding_ratio": 5.93,
      "shares_held": 15101000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "ステート ストリート バンク アンド トラスト カンパニー ５０５２２３ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 5.11,
      "shares_held": 13006000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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": 4.88,
      "shares_held": 12435000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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": 3.83,
      "shares_held": 9766000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.61,
      "shares_held": 9200000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.6,
      "shares_held": 9175000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "野村信託銀行株式会社（退職給付信託三菱東京ＵＦＪ銀行口）",
      "shareholding_ratio": 3.3,
      "shares_held": 8400000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.86,
      "shares_held": 7280000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.79,
      "shares_held": 7100000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 香港上海銀行東京支店 カストディ業務部）",
      "shareholding_ratio": 9.05,
      "shares_held": 22919000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "瀬田 大",
      "shareholding_ratio": 5.96,
      "shares_held": 15102000
    },
    {
      "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": 5.85,
      "shares_held": 14815000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "ステート ストリート バンク アンド トラスト カンパニー ５０５２２３ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 4.71,
      "shares_held": 11948000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 4.14,
      "shares_held": 10491000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.63,
      "shares_held": 9200000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.62,
      "shares_held": 9176000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "野村信託銀行株式会社（退職給付信託三菱ＵＦＪ銀行口）",
      "shareholding_ratio": 3.31,
      "shares_held": 8400000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.87,
      "shares_held": 7280000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.8,
      "shares_held": 7100000
    },
    {
      "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": 6.59,
      "shares_held": 16449000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 香港上海銀行東京支店カストディ業務部）",
      "shareholding_ratio": 5.86,
      "shares_held": 14627000
    },
    {
      "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": 4.06,
      "shares_held": 10135000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "瀬田 大",
      "shareholding_ratio": 3.76,
      "shares_held": 9390000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.68,
      "shares_held": 9200000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.67,
      "shares_held": 9176000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "野村信託銀行株式会社（退職給付信託三菱ＵＦＪ銀行口）",
      "shareholding_ratio": 3.36,
      "shares_held": 8400000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "ステート ストリート バンク アンド トラスト カンパニー ５０５２２３ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 3.32,
      "shares_held": 8288000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.91,
      "shares_held": 7280000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.88,
      "shares_held": 7200000
    },
    {
      "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": 8.61,
      "shares_held": 21509000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 香港上海銀行東京支店カストディ業務部）",
      "shareholding_ratio": 5.58,
      "shares_held": 13949000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 5.05,
      "shares_held": 12618000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "瀬田 大",
      "shareholding_ratio": 3.76,
      "shares_held": 9390000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.68,
      "shares_held": 9200000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.67,
      "shares_held": 9176000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "野村信託銀行株式会社（退職給付信託三菱ＵＦＪ銀行口）",
      "shareholding_ratio": 3.36,
      "shares_held": 8400000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.91,
      "shares_held": 7280000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.88,
      "shares_held": 7200000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "株式会社エイティーン",
      "shareholding_ratio": 2.3,
      "shares_held": 5745000
    },
    {
      "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": 17.19,
      "shares_held": 42204000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 香港上海銀行東京支店カストディ業務部）",
      "shareholding_ratio": 5.27,
      "shares_held": 12944000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 4.73,
      "shares_held": 11612000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "瀬田 大",
      "shareholding_ratio": 3.82,
      "shares_held": 9391000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.74,
      "shares_held": 9200000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.73,
      "shares_held": 9176000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "野村信託銀行株式会社（退職給付信託三菱ＵＦＪ銀行口）",
      "shareholding_ratio": 3.42,
      "shares_held": 8400000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.96,
      "shares_held": 7280000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "ザ バンク オブ ニューヨーク メロン （インターナショナル） リミテッド １３１８００ （常任代理人 みずほ銀行決済営業部）",
      "shareholding_ratio": 2.94,
      "shares_held": 7218000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.93,
      "shares_held": 7200000
    },
    {
      "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": 16.6,
      "shares_held": 40609000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 4.44,
      "shares_held": 10870000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "ＳＳＢＴＣ ＣＬＩＥＮＴ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 香港上海銀行東京支店カストディ業務部）",
      "shareholding_ratio": 3.87,
      "shares_held": 9488000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "瀬田 衛",
      "shareholding_ratio": 3.76,
      "shares_held": 9200000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "野村信託銀行株式会社（退職給付信託三菱ＵＦＪ銀行口）",
      "shareholding_ratio": 3.43,
      "shares_held": 8400000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "瀬田 大",
      "shareholding_ratio": 3.13,
      "shares_held": 7677000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "安藤 之弘",
      "shareholding_ratio": 3.06,
      "shares_held": 7502000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "株式会社服部モータース",
      "shareholding_ratio": 2.97,
      "shares_held": 7280000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 9,
      "name": "公益財団法人服部国際奨学財団",
      "shareholding_ratio": 2.94,
      "shares_held": 7200000
    },
    {
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}