{
  "commentary": "- FY15時点では日本マスタートラスト信託銀行10.16%・日本トラスティ・サービス信託銀行8.40%・ヤマハ発動機5.24%・みずほ銀行4.34%・静岡銀行4.23%・住友生命など、信託銀行と親密法人が並ぶ構造だった。\n- FY24では日本マスタートラスト信託銀行23.12%・日本カストディ銀行8.83%まで集中する一方、ヤマハ発動機保有比率は3.11%へ低下し信託銀行口の集中化が進行している。",
  "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": 10.16,
      "shares_held": 20048000
    },
    {
      "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": 8.4,
      "shares_held": 16568000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.24,
      "shares_held": 10326000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 4.34,
      "shares_held": 8555000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.23,
      "shares_held": 8349000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 4.06,
      "shares_held": 8008000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "住友生命保険相互会社(常任代理人 日本トラスティ・サービス信託銀行株式会社)",
      "shareholding_ratio": 3.7,
      "shares_held": 7300000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.54,
      "shares_held": 5002000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "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": 1.76,
      "shares_held": 3467000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "資産管理サービス信託銀行株式会社（証券投資信託口)",
      "shareholding_ratio": 1.67,
      "shares_held": 3284000
    },
    {
      "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": 11.61,
      "shares_held": 22906000
    },
    {
      "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": 8.26,
      "shares_held": 16294000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.24,
      "shares_held": 10326000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 4.06,
      "shares_held": 8008000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.02,
      "shares_held": 7932000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "住友生命保険相互会社(常任代理人 日本トラスティ・サービス信託銀行株式会社)",
      "shareholding_ratio": 3.7,
      "shares_held": 7300000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 3.67,
      "shares_held": 7235000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "日本生命保険相互会社（常任代理人 日本マスタートラスト信託銀行株式会社）",
      "shareholding_ratio": 2.54,
      "shares_held": 5002000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 9,
      "name": "資産管理サービス信託銀行株式会社（証券投資信託口）",
      "shareholding_ratio": 1.77,
      "shares_held": 3496000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 1.39,
      "shares_held": 2739000
    },
    {
      "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": 14.53,
      "shares_held": 26425000
    },
    {
      "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": 9.11,
      "shares_held": 16559000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.68,
      "shares_held": 10326000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 4.4,
      "shares_held": 8008000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.18,
      "shares_held": 7604000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "住友生命保険相互会社(常任代理人 日本トラスティ・サービス信託銀行株式会社)",
      "shareholding_ratio": 4.01,
      "shares_held": 7300000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 3.63,
      "shares_held": 6597000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.75,
      "shares_held": 5002000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.73,
      "shares_held": 3148000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "資産管理サービス信託銀行株式会社（証券投資信託口）",
      "shareholding_ratio": 1.69,
      "shares_held": 3080000
    },
    {
      "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": 16.34,
      "shares_held": 29358000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 9,
      "shares_held": 16158000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.75,
      "shares_held": 10326000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.19,
      "shares_held": 7525000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 4.17,
      "shares_held": 7486000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "住友生命保険相互会社(常任代理人 日本トラスティ・サービス信託銀行株式会社)",
      "shareholding_ratio": 4.06,
      "shares_held": 7300000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 3.32,
      "shares_held": 5958000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.78,
      "shares_held": 5002000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "資産管理サービス信託銀行株式会社（証券投資信託口）",
      "shareholding_ratio": 1.96,
      "shares_held": 3515000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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７）",
      "shareholding_ratio": 1.47,
      "shares_held": 2646000
    },
    {
      "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": 16.16,
      "shares_held": 28414000
    },
    {
      "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": 6.87,
      "shares_held": 12078000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.87,
      "shares_held": 10326000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.28,
      "shares_held": 7525000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "住友生命保険相互会社(常任代理人 日本トラスティ・サービス信託銀行株式会社)",
      "shareholding_ratio": 4.15,
      "shares_held": 7300000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 3.96,
      "shares_held": 6963000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.85,
      "shares_held": 5002000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "株式会社みずほ銀行(常任代理人 資産管理サービス信託銀行株式会社)",
      "shareholding_ratio": 2.82,
      "shares_held": 4958000
    },
    {
      "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７）",
      "shareholding_ratio": 2.06,
      "shares_held": 3629000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "ジェーピー モルガン チェース バンク 385151(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.58,
      "shares_held": 2782000
    },
    {
      "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": 17.14,
      "shares_held": 30126000
    },
    {
      "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": 7.11,
      "shares_held": 12499000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 5.87,
      "shares_held": 10326000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.28,
      "shares_held": 7525000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "住友生命保険相互会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 4.15,
      "shares_held": 7300000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 3.66,
      "shares_held": 6440000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 7,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.85,
      "shares_held": 5002000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 2.25,
      "shares_held": 3958000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "株式会社日本カストディ銀行（証券投資信託口）",
      "shareholding_ratio": 1.58,
      "shares_held": 2783000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "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 505223(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.44,
      "shares_held": 2532000
    },
    {
      "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": 23.69,
      "shares_held": 40631000
    },
    {
      "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": 7.22,
      "shares_held": 12383000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 4.68,
      "shares_held": 8026000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.39,
      "shares_held": 7525000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "住友生命保険相互会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 4.26,
      "shares_held": 7300000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 3.45,
      "shares_held": 5917000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.92,
      "shares_held": 5002000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "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": 1.73,
      "shares_held": 2969000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 1.72,
      "shares_held": 2958000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "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 505001(常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.67,
      "shares_held": 2867000
    },
    {
      "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": 23.73,
      "shares_held": 40453000
    },
    {
      "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": 9.05,
      "shares_held": 15423000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "ヤマハ発動機株式会社",
      "shareholding_ratio": 4.71,
      "shares_held": 8026000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "株式会社静岡銀行(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 4.42,
      "shares_held": 7525000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "住友生命保険相互会社(常任代理人 株式会社日本カストディ銀行)",
      "shareholding_ratio": 4.28,
      "shares_held": 7300000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "name": "三井住友海上火災保険株式会社",
      "shareholding_ratio": 3.47,
      "shares_held": 5917000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)",
      "shareholding_ratio": 2.93,
      "shares_held": 5002000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "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": 1.98,
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