{
  "commentary": [
    {
      "heading": null,
      "paragraphs": [
        "FY15時点では創業者の杉浦広一氏一族の資産管理会社スギ商事が28.87%を握り、杉浦広一氏・杉浦昭子氏・杉浦克典氏・杉浦伸哉氏が各2.98%を保有する同族集中構造だった。",
        "FY24ではスギ商事の保有が37.43%へ上昇し合同会社スギアセット5.00%が加わる一方、日本マスタートラスト信託銀行の信託口が3.33%から10.29%へ拡大しており、創業家資産管理の多層化と機関化が並行して進んでいる。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 28.87,
      "shares_held": 18288000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 2,
      "name": "野村證券株式会社自己振替口",
      "shareholding_ratio": 4.26,
      "shares_held": 2700000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 3,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ １３３５２２ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 3.9,
      "shares_held": 2475000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 4,
      "name": "杉浦 広一",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 5,
      "name": "杉浦 昭子",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 6,
      "name": "杉浦 克典",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 7,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 8,
      "name": "野村證券株式会社",
      "shareholding_ratio": 2.37,
      "shares_held": 1503000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 9,
      "name": "ＣＲＥＤＩＴ ＳＵＩＳＳＥ ＳＥＣＵＲＩＴＩＥＳ（ＵＳＡ）ＬＬＣ ＳＰＣＬ． ＦＯＲ ＥＸＣＬ． ＢＥＮ （常任代理人 クレディ・スイス証券株式会社）",
      "shareholding_ratio": 2.21,
      "shares_held": 1401000
    },
    {
      "FY": "FY15",
      "period": "2016/2",
      "rank": 10,
      "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": 2.12,
      "shares_held": 1347000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 28.87,
      "shares_held": 18288000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 2,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ １３３５２２ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 4.53,
      "shares_held": 2870000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 3,
      "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": 3.67,
      "shares_held": 2327000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 4,
      "name": "杉浦 広一",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 5,
      "name": "杉浦 昭子",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 6,
      "name": "杉浦 克典",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 7,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 8,
      "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": 2.62,
      "shares_held": 1659000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 9,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.56,
      "shares_held": 1625000
    },
    {
      "FY": "FY16",
      "period": "2017/2",
      "rank": 10,
      "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": 2.32,
      "shares_held": 1474000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 28.87,
      "shares_held": 18288000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 2,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 4.46,
      "shares_held": 2827000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 3,
      "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": 3.61,
      "shares_held": 2291000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "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": 3.38,
      "shares_held": 2143000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 5,
      "name": "杉浦 広一",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 6,
      "name": "杉浦 昭子",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 7,
      "name": "杉浦 克典",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 8,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 2.98,
      "shares_held": 1892000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 9,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＬＯＮＤＯＮ ＣＡＲＥ ＯＦ ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ， ＢＯＳＴＯＮ ＳＳＢＴＣ Ａ／Ｃ ＵＫ ＬＯＮＤＯＮ ＢＲＡＮＣＨ ＣＬＩＥＮＴＳ－ ＵＮＩＴＥＤ ＫＩＮＧＤＯＭ （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.72,
      "shares_held": 1724000
    },
    {
      "FY": "FY17",
      "period": "2018/2",
      "rank": 10,
      "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": 2.33,
      "shares_held": 1481000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 33.33,
      "shares_held": 20605000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "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": 3.33,
      "shares_held": 2062000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 3,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４２ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 3.14,
      "shares_held": 1947000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 4,
      "name": "杉浦 克典",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 5,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 6,
      "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": 2.98,
      "shares_held": 1845000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 7,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＬＯＮＤＯＮ ＣＡＲＥ ＯＦ ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ， ＢＯＳＴＯＮ ＳＳＢＴＣ Ａ／Ｃ ＵＫ ＬＯＮＤＯＮ ＢＲＡＮＣＨ ＣＬＩＥＮＴＳ－ ＵＮＩＴＥＤ ＫＩＮＧＤＯＭ （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 2.41,
      "shares_held": 1490000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 8,
      "name": "株式会社ツルハ",
      "shareholding_ratio": 2.05,
      "shares_held": 1272000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 9,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４４（常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.78,
      "shares_held": 1105000
    },
    {
      "FY": "FY18",
      "period": "2019/2",
      "rank": 10,
      "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": 1.63,
      "shares_held": 1013000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 33.33,
      "shares_held": 20605000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "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": 3.81,
      "shares_held": 2357000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 3,
      "name": "杉浦 克典",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 4,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 5,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００５１ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 2.17,
      "shares_held": 1346000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 6,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４２ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 2.1,
      "shares_held": 1299000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 7,
      "name": "株式会社ツルハ",
      "shareholding_ratio": 2.05,
      "shares_held": 1272000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 8,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４４ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.92,
      "shares_held": 1187000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 9,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＬＯＮＤＯＮ ＣＡＲＥ ＯＦ ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ， ＢＯＳＴＯＮ ＳＳＢＴＣ Ａ／Ｃ ＵＫ ＬＯＮＤＯＮ ＢＲＡＮＣＨ ＣＬＩＥＮＴＳ－ ＵＮＩＴＥＤ ＫＩＮＧＤＯＭ（常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 1.88,
      "shares_held": 1163000
    },
    {
      "FY": "FY19",
      "period": "2020/2",
      "rank": 10,
      "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": 1.86,
      "shares_held": 1153000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 33.33,
      "shares_held": 20605000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "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": 6.27,
      "shares_held": 3878000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 3,
      "name": "杉浦 克典",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 4,
      "name": "杉浦 伸哉",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 5,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 2.68,
      "shares_held": 1658000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 6,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００５１ （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 2.38,
      "shares_held": 1472000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 7,
      "name": "株式会社ツルハ",
      "shareholding_ratio": 2.05,
      "shares_held": 1272000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 8,
      "name": "ＳＴＡＴＥ ＳＴＲＥＥＴ ＬＯＮＤＯＮ ＣＡＲＥ ＯＦ ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ， ＢＯＳＴＯＮ ＳＳＢＴＣ Ａ／Ｃ ＵＫ ＬＯＮＤＯＮ ＢＲＡＮＣＨ ＣＬＩＥＮＴＳ－ ＵＮＩＴＥＤ ＫＩＮＧＤＯＭ （常任代理人 香港上海銀行東京支店）",
      "shareholding_ratio": 1.94,
      "shares_held": 1199000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 9,
      "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": 1.75,
      "shares_held": 1086000
    },
    {
      "FY": "FY20",
      "period": "2021/2",
      "rank": 10,
      "name": "ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４２ （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": 1015000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 1,
      "name": "株式会社スギ商事",
      "shareholding_ratio": 33.92,
      "shares_held": 20972000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "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": 10.42,
      "shares_held": 6442000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 3,
      "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": 3.43,
      "shares_held": 2125000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 4,
      "name": "杉浦 克典",
      "shareholding_ratio": 3.06,
      "shares_held": 1892000
    },
    {
      "FY": "FY21",
      "period": "2022/2",
      "rank": 5,
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}