{
  "commentary": "- 2014年上場直後のFY15時点では凸版印刷6.66%・大日本印刷6.31%・電通5.3%・NTTデータ・みずほ銀行・三井物産・三井住友銀行などが居並ぶ事業会社中心の親密株主構造だった。\n- FY24では日本マスタートラスト信託銀行（信託口）19.27%・日本カストディ銀行7.28%が圧倒的筆頭となり、State Street・JPモルガン・GIC・ノルウェー政府など外国法人が上位を占め、機関投資家中心の構成へ転換している。",
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 6.66,
      "shares_held": 37700000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 6.31,
      "shares_held": 35700000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "㈱電通",
      "shareholding_ratio": 5.3,
      "shares_held": 30000000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 4.07,
      "shares_held": 23031000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "㈱エヌ・ティ・ティ・データ",
      "shareholding_ratio": 2.74,
      "shares_held": 15500000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "JP MORGAN CHASE BANK 380055（常任代理人 ㈱みずほ銀行決済営業部）",
      "shareholding_ratio": 2.48,
      "shares_held": 14040000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口）",
      "shareholding_ratio": 2.33,
      "shares_held": 13183000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "㈱みずほ銀行（常任代理人 資産管理サービス信託銀行㈱）",
      "shareholding_ratio": 2.12,
      "shares_held": 12000000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "㈱三井住友銀行",
      "shareholding_ratio": 2.12,
      "shares_held": 12000000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "三井物産㈱（常任代理人 資産管理サービス信託銀行㈱）",
      "shareholding_ratio": 2.12,
      "shares_held": 12000000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 11,
      "name": "㈱三菱東京UFJ銀行",
      "shareholding_ratio": 2.12,
      "shares_held": 12000000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 6.66,
      "shares_held": 37700000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 4.19,
      "shares_held": 23700000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "㈱電通",
      "shareholding_ratio": 3.71,
      "shares_held": 21000000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 3.22,
      "shares_held": 18220000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "JP MORGAN CHASE BANK 380055（常任代理人 ㈱みずほ銀行決済営業部）",
      "shareholding_ratio": 3.13,
      "shares_held": 17746000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口）",
      "shareholding_ratio": 3.13,
      "shares_held": 17735000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "日本マスタートラスト信託銀行㈱（信託口）",
      "shareholding_ratio": 3.08,
      "shares_held": 17417000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "㈱TBSテレビ",
      "shareholding_ratio": 1.96,
      "shares_held": 11110000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.96,
      "shares_held": 11110000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "㈱エヌ・ティ・ティ・データ",
      "shareholding_ratio": 1.85,
      "shares_held": 10500000
    },
    {
      "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": 6.78,
      "shares_held": 113439000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 6.76,
      "shares_held": 113100000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口）",
      "shareholding_ratio": 4.74,
      "shares_held": 79340000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "name": "㈱電通",
      "shareholding_ratio": 3.76,
      "shares_held": 63000000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 3.47,
      "shares_held": 58100000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 2.8,
      "shares_held": 46822000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "㈱TBSテレビ",
      "shareholding_ratio": 1.99,
      "shares_held": 33330000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.99,
      "shares_held": 33330000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "㈱エヌ・ティ・ティ・データ",
      "shareholding_ratio": 1.88,
      "shares_held": 31500000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口５）",
      "shareholding_ratio": 1.68,
      "shares_held": 28171000
    },
    {
      "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": 8,
      "shares_held": 133803000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 6.13,
      "shares_held": 102600000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 3,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口）",
      "shareholding_ratio": 5.42,
      "shares_held": 90746000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "㈱電通",
      "shareholding_ratio": 3.76,
      "shares_held": 63000000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 3.47,
      "shares_held": 58100000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 2.45,
      "shares_held": 41001000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "㈱TBSテレビ",
      "shareholding_ratio": 1.99,
      "shares_held": 33330000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.99,
      "shares_held": 33330000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "㈱エヌ・ティ・ティ・データ",
      "shareholding_ratio": 1.88,
      "shares_held": 31500000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "第一生命保険㈱ （常任代理人 資産管理サービス信託銀行㈱）",
      "shareholding_ratio": 1.61,
      "shares_held": 27000000
    },
    {
      "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": 8.75,
      "shares_held": 144400000
    },
    {
      "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": 5.4,
      "shares_held": 89100000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "JP MORGAN CHASE BANK 385632（常任代理人 ㈱みずほ銀行決済営業部）",
      "shareholding_ratio": 5.11,
      "shares_held": 84322000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 4.4,
      "shares_held": 72600000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "㈱電通グループ",
      "shareholding_ratio": 3.24,
      "shares_held": 53550000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 2.43,
      "shares_held": 40100000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "日本トラスティ・サービス信託銀行㈱（信託口７）",
      "shareholding_ratio": 2.26,
      "shares_held": 37323000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 2.12,
      "shares_held": 35036000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.04,
      "shares_held": 33665000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "㈱TBSテレビ",
      "shareholding_ratio": 2.02,
      "shares_held": 33330000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 11,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 2.02,
      "shares_held": 33330000
    },
    {
      "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": 10.33,
      "shares_held": 169067000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行(信託口)",
      "shareholding_ratio": 5.59,
      "shares_held": 91430000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 3.1,
      "shares_held": 50782000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 3.06,
      "shares_held": 50100000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 2.45,
      "shares_held": 40100000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "㈱日本カストディ銀行(信託口7)",
      "shareholding_ratio": 2.21,
      "shares_held": 36218000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT(常任代理人 香港上海銀行東京支店)",
      "shareholding_ratio": 2.09,
      "shares_held": 34265000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.79,
      "shares_held": 29330000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 1.76,
      "shares_held": 28794000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "㈱エヌ・ティ・ティ・データ",
      "shareholding_ratio": 1.73,
      "shares_held": 28350000
    },
    {
      "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": 18.22,
      "shares_held": 295585000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行(信託口)",
      "shareholding_ratio": 6.26,
      "shares_held": 101670000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT(常任代理人 香港上海銀行東京支店)",
      "shareholding_ratio": 2.39,
      "shares_held": 38898000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 2.37,
      "shares_held": 38600000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 2.25,
      "shares_held": 36649000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 2.16,
      "shares_held": 35100000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.74,
      "shares_held": 28330000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "リクルートグループ社員持株会",
      "shareholding_ratio": 1.49,
      "shares_held": 24311000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "㈱TBSテレビ",
      "shareholding_ratio": 1.44,
      "shares_held": 23497000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "第一生命保険㈱(常任代理人 ㈱日本カストディ銀行)",
      "shareholding_ratio": 1.41,
      "shares_held": 22950000
    },
    {
      "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": 17.69,
      "shares_held": 291418000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行(信託口)",
      "shareholding_ratio": 6.87,
      "shares_held": 113236000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 4.29,
      "shares_held": 70665000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT(常任代理人 香港上海銀行東京支店)",
      "shareholding_ratio": 2.45,
      "shares_held": 40480000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "大日本印刷㈱",
      "shareholding_ratio": 2.22,
      "shares_held": 36600000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "日本マスタートラスト信託銀行㈱(株式付与ESOP信託口・76826口)",
      "shareholding_ratio": 1.97,
      "shares_held": 32500000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "日本テレビ放送網㈱",
      "shareholding_ratio": 1.72,
      "shares_held": 28330000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "日本マスタートラスト信託銀行㈱(株式付与ESOP信託口・76719口)",
      "shareholding_ratio": 1.65,
      "shares_held": 27256000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 9,
      "name": "STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 1.54,
      "shares_held": 25493000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 10,
      "name": "凸版印刷㈱",
      "shareholding_ratio": 1.52,
      "shares_held": 25100000
    },
    {
      "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": 17.6,
      "shares_held": 281567000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 2,
      "name": "㈱日本カストディ銀行(信託口)",
      "shareholding_ratio": 6.95,
      "shares_held": 111173000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 3,
      "name": "JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 3.86,
      "shares_held": 61746000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 4,
      "name": "SSBTC CLIENT OMNIBUS ACCOUNT(常任代理人 香港上海銀行東京支店)",
      "shareholding_ratio": 2.38,
      "shares_held": 38181000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 5,
      "name": "日本マスタートラスト信託銀行㈱(株式付与ESOP信託口・76826口)",
      "shareholding_ratio": 1.91,
      "shares_held": 30567000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 6,
      "name": "STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 ㈱みずほ銀行決済営業部)",
      "shareholding_ratio": 1.76,
      "shares_held": 28190000
    },
    {
      "FY": "FY23",
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