{
  "commentary": "- FY15時点ではTOTO自社4.43%の自己株を含み、明治安田生命5.85%・日本生命3.05%・積水ハウス1.51%・日本特殊陶業1.44%など事業上の親密株主が並ぶ構造だった。\n- FY24では日本マスタートラスト信託銀行18.55%・日本カストディ銀行9.76%の信託2口に集中し、明治安田生命6.11%・日本生命3.18%の長期安定保有と併存する構造となっている。",
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "日本マスタートラスト信託銀行株式会社（信託口）",
      "shareholding_ratio": 8.26,
      "shares_held": 14612000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "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": 5.99,
      "shares_held": 10600000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社（常任代理人 資産管理サービス信託銀行株式会社）",
      "shareholding_ratio": 5.85,
      "shares_held": 10358000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "ＴＯＴＯ株式会社",
      "shareholding_ratio": 4.43,
      "shares_held": 7838000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.05,
      "shares_held": 5393000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 1.74,
      "shares_held": 3087000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "野村信託銀行株式会社（投信口）",
      "shareholding_ratio": 1.68,
      "shares_held": 2974000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.51,
      "shares_held": 2671000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "日本特殊陶業株式会社",
      "shareholding_ratio": 1.44,
      "shares_held": 2547000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "ＴＯＴＯ持株会",
      "shareholding_ratio": 1.39,
      "shares_held": 2467000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 8.74,
      "shares_held": 15471000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "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": 6.17,
      "shares_held": 10914000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 5.85,
      "shares_held": 10358000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "ＴＯＴＯ株式会社",
      "shareholding_ratio": 4.42,
      "shares_held": 7828000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.05,
      "shares_held": 5393000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 2.32,
      "shares_held": 4114000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 1.74,
      "shares_held": 3087000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "野村信託銀行株式会社（投信口）",
      "shareholding_ratio": 1.65,
      "shares_held": 2911000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 1.6,
      "shares_held": 2826000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.51,
      "shares_held": 2671000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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": 9.91,
      "shares_held": 16780000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "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": 6.91,
      "shares_held": 11689000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.12,
      "shares_held": 10358000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "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": 2.64,
      "shares_held": 4469000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.55,
      "shares_held": 4314000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "株式会社三菱東京ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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５）",
      "shareholding_ratio": 1.74,
      "shares_held": 2939000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＣＯＮＴＲＡＦＵＮＤ （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 1.71,
      "shares_held": 2889000
    },
    {
      "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７）",
      "shareholding_ratio": 1.64,
      "shares_held": 2769000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "野村信託銀行株式会社（投信口）",
      "shareholding_ratio": 1.62,
      "shares_held": 2737000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 11.8,
      "shares_held": 19974000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.12,
      "shares_held": 10358000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 6.11,
      "shares_held": 10347000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.19,
      "shares_held": 5393000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "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": 2.77,
      "shares_held": 4686000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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５）",
      "shareholding_ratio": 1.78,
      "shares_held": 3018000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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７）",
      "shareholding_ratio": 1.72,
      "shares_held": 2919000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＣＯＮＴＲＡＦＵＮＤ （常任代理人 株式会社三菱ＵＦＪ銀行）",
      "shareholding_ratio": 1.68,
      "shares_held": 2851000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.58,
      "shares_held": 2671000
    },
    {
      "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": 12.24,
      "shares_held": 20732000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "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": 6.37,
      "shares_held": 10797000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.12,
      "shares_held": 10358000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.18,
      "shares_held": 5393000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "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": 2.55,
      "shares_held": 4321000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "日本トラスティ・サービス信託銀行株式会社（信託口７）",
      "shareholding_ratio": 2.09,
      "shares_held": 3533000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "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９）",
      "shareholding_ratio": 1.93,
      "shares_held": 3272000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "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": 1.72,
      "shares_held": 2911000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "野村信託銀行株式会社（投信口）",
      "shareholding_ratio": 1.69,
      "shares_held": 2865000
    },
    {
      "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": 13.54,
      "shares_held": 22936000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 6.74,
      "shares_held": 11421000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.11,
      "shares_held": 10358000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.18,
      "shares_held": 5393000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口７）",
      "shareholding_ratio": 2.02,
      "shares_held": 3428000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＣＯＮＴＲＡＦＵＮＤ （常任代理人 株式会社三菱ＵＦＪ銀行）",
      "shareholding_ratio": 1.94,
      "shares_held": 3290000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ （ＩＮＴＥＲＮＡＴＩＯＮＡＬ） ＬＩＭＩＴＥＤ １３１８００ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.64,
      "shares_held": 2784000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "株式会社日本カストディ銀行（信託口９）",
      "shareholding_ratio": 1.62,
      "shares_held": 2741000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.58,
      "shares_held": 2671000
    },
    {
      "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": 20.96,
      "shares_held": 35530000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 7.37,
      "shares_held": 12494000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.11,
      "shares_held": 10358000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.18,
      "shares_held": 5393000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＣＯＮＴＲＡＦＵＮＤ （常任代理人 株式会社三菱ＵＦＪ銀行）",
      "shareholding_ratio": 1.84,
      "shares_held": 3120000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ （ＩＮＴＥＲＮＡＴＩＯＮＡＬ） ＬＩＭＩＴＥＤ １３１８００ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.62,
      "shares_held": 2750000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.58,
      "shares_held": 2671000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "野村信託銀行株式会社（投信口）",
      "shareholding_ratio": 1.57,
      "shares_held": 2667000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "ＴＯＴＯ持株会",
      "shareholding_ratio": 1.52,
      "shares_held": 2577000
    },
    {
      "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": 19.76,
      "shares_held": 33516000
    },
    {
      "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": 7.87,
      "shares_held": 13349000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "明治安田生命保険相互会社",
      "shareholding_ratio": 6.11,
      "shares_held": 10358000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 3.18,
      "shares_held": 5393000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "株式会社三菱ＵＦＪ銀行",
      "shareholding_ratio": 1.82,
      "shares_held": 3087000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "ＴＯＴＯ持株会",
      "shareholding_ratio": 1.65,
      "shares_held": 2805000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "積水ハウス株式会社",
      "shareholding_ratio": 1.58,
      "shares_held": 2671000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "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": 1.55,
      "shares_held": 2636000
    },
    {
      "FY": "FY22",
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