{
  "commentary": "- FY15からFY24まで筆頭株主のベイシア興業が28.23%、土屋裕雅氏が14%台、カインズが9.67%、創業者の土屋嘉雄氏が3.61〜5.56%と、ベイシアグループ・カインズおよび土屋家による寡占構造が一貫している。\n- 信託銀行や外国法人の比率は限定的で、群馬銀行や第一生命保険など内資の親密株主と合わせ、創業以来の同族集中構造が大きな変動なく維持されてきた。",
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.15,
      "shares_held": 5760000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.66,
      "shares_held": 3000000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.65,
      "shares_held": 1973000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.25,
      "shares_held": 1482000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.25,
      "shares_held": 1482000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "ビービーエイチ フオー フイデリテイ ロー プライスド ストツク フアンド（プリンシパル オール セクター サブポートフオリオ） （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 5.86,
      "shares_held": 1200000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 5.56,
      "shares_held": 1137000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.64,
      "shares_held": 744000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.6,
      "shares_held": 328000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "ワークマン取引先持株会",
      "shareholding_ratio": 1.3,
      "shares_held": 265000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.15,
      "shares_held": 11520000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.66,
      "shares_held": 6000000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.65,
      "shares_held": 3947000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.25,
      "shares_held": 2965000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.25,
      "shares_held": 2965000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "ビービーエイチ フオー フイデリテイ ロー プライスド ストツク フアンド（プリンシパル オール セクター サブポートフオリオ） （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 5.79,
      "shares_held": 2370000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 5.56,
      "shares_held": 2274000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.64,
      "shares_held": 1488000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.6,
      "shares_held": 656000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "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": 1.6,
      "shares_held": 655000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 11520000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 6000000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 3947000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 2965000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 2965000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 5.57,
      "shares_held": 2274000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "ビービーエイチ フオー フイデリテイ ロー プライスド ストツク フアンド（プリンシパル オール セクター サブポートフオリオ） （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 5.38,
      "shares_held": 2195000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 1488000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.61,
      "shares_held": 656000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "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": 1.6,
      "shares_held": 652000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 11520000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 6000000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 3947000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 2965000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 2965000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 5.57,
      "shares_held": 2274000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 1488000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.61,
      "shares_held": 656000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "ワークマン取引先持株会",
      "shareholding_ratio": 1.3,
      "shares_held": 532000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "株式会社足利銀行",
      "shareholding_ratio": 1.18,
      "shares_held": 480000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 11,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.18,
      "shares_held": 480000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 12000000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 7894000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 2976000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 3.61,
      "shares_held": 2948000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "みずほ信託銀行株式会社有価証券管理信託",
      "shareholding_ratio": 1.96,
      "shares_held": 1600000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.61,
      "shares_held": 1312000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "ワークマン取引先持株会",
      "shareholding_ratio": 1.2,
      "shares_held": 978000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 12000000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 7894000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 2976000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 3.61,
      "shares_held": 2948000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "みずほ信託銀行株式会社有価証券管理信託",
      "shareholding_ratio": 1.96,
      "shares_held": 1600000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.47,
      "shares_held": 1196000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.18,
      "shares_held": 960000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 12000000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 7894000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 2976000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 3.61,
      "shares_held": 2948000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "みずほ信託銀行株式会社有価証券管理信託",
      "shareholding_ratio": 1.96,
      "shares_held": 1600000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.18,
      "shares_held": 960000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.12,
      "shares_held": 918000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.7,
      "shares_held": 12000000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 7894000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 3.65,
      "shares_held": 2976000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 3.61,
      "shares_held": 2948000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "みずほ信託銀行株式会社有価証券管理信託",
      "shareholding_ratio": 1.96,
      "shares_held": 1600000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.18,
      "shares_held": 960000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 10,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.12,
      "shares_held": 918000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.09,
      "shares_held": 11500000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 3,
      "name": "株式会社カインズ",
      "shareholding_ratio": 9.67,
      "shares_held": 7894000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 4,
      "name": "吉田 佳世",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 5,
      "name": "大嶽 惠",
      "shareholding_ratio": 7.27,
      "shares_held": 5930000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 6,
      "name": "株式会社カインズ興産",
      "shareholding_ratio": 4.26,
      "shares_held": 3476000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 7,
      "name": "土屋 嘉雄",
      "shareholding_ratio": 3.61,
      "shares_held": 2948000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 8,
      "name": "みずほ信託銀行株式会社有価証券管理信託",
      "shareholding_ratio": 1.96,
      "shares_held": 1600000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.18,
      "shares_held": 960000
    },
    {
      "FY": "FY23",
      "period": "2024/3",
      "rank": 10,
      "name": "株式会社群馬銀行",
      "shareholding_ratio": 1.12,
      "shares_held": 918000
    },
    {
      "FY": "FY24",
      "period": "2025/3",
      "rank": 1,
      "name": "株式会社ベイシア興業",
      "shareholding_ratio": 28.23,
      "shares_held": 23040000
    },
    {
      "FY": "FY24",
      "period": "2025/3",
      "rank": 2,
      "name": "土屋 裕雅",
      "shareholding_ratio": 14.09,
      "shares_held": 11500000
    },
    {
      "FY": "FY24",
      "period": "2025/3",
      "rank": 3,
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      "shares_held": 240000,
      "total_shares": 21474000,
      "source": "有価証券報告書（2011年3月期）"
    },
    {
      "FY": "FY10",
      "period": "2011/3",
      "company_name_at_period": "ワークマン",
      "rank": 10,
      "name": "第一生命保険",
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      "shares_held": 240000,
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      "source": "有価証券報告書（2011年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
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      "shares_held": 5760000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 2,
      "name": "土屋 裕雅",
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      "shares_held": 3000000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 3,
      "name": "カインズ",
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      "shares_held": 1973000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 4,
      "name": "吉田 信生",
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      "shares_held": 1482000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 5,
      "name": "大原 恵",
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      "shares_held": 1482000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 6,
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      "shareholding_ratio": 6.86,
      "shares_held": 1403000,
      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
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      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
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      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
      "rank": 8,
      "name": "カインズ取引先持株会",
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      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
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      "total_shares": 20461000,
      "source": "有価証券報告書（2015年3月期）"
    },
    {
      "FY": "FY14",
      "period": "2015/3",
      "company_name_at_period": "ワークマン",
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      "source": "有価証券報告書（2015年3月期）"
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}