{
  "commentary": [
    {
      "heading": null,
      "paragraphs": [
        "FY15時点では創業家の資産管理会社OGASAWARA HOLDINGS 11.05%と公益財団法人小笠原科学技術振興財団4.09%が中核で、創業者の小笠原敏晶氏（2016年逝去）の意思を受けた同族保有が筆頭を占めていた。",
        "FY24では創業家持株会社が後退し、公益財団法人小笠原敏晶記念財団10.82%と日本マスタートラスト信託銀行17.23%の二極構造へ移行し、外国法人比率も40%台で機関化が進んでいる。"
      ]
    }
  ],
  "shareholders": [
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 1,
      "name": "OGASAWARA HOLDINGS CO., LIMITED （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 11.05,
      "shares_held": 5943000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "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": 7.63,
      "shares_held": 4102000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "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": 6.35,
      "shares_held": 3418000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 4,
      "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": 5.45,
      "shares_held": 2930000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 5,
      "name": "公益財団法人小笠原科学技術振興財団",
      "shareholding_ratio": 4.09,
      "shares_held": 2200000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 6,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.71,
      "shares_held": 1457000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 7,
      "name": "NORTHERN TRUST CO. (AVFC) RE MONDRIAN INTERNATIONAL SMALL CAP EQUITY FUND, L. P. （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": 2.55,
      "shares_held": 1375000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 8,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.92,
      "shares_held": 1032000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 9,
      "name": "MELLON BANK, N.A. AS AGENT FOR ITS CLIENT MELLON OMNIBUS US PENSION （常任代理人 株式会社みずほ銀行決済営業部）",
      "shareholding_ratio": 1.69,
      "shares_held": 909000
    },
    {
      "FY": "FY15",
      "period": "2016/3",
      "rank": 10,
      "name": "TAIYO FUND, L. P. (常任代理人 シティバンク銀行株式会社)",
      "shareholding_ratio": 1.55,
      "shares_held": 833000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 1,
      "name": "OGASAWARA HOLDINGS CO., LIMITED （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 11.05,
      "shares_held": 5943000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 7.99,
      "shares_held": 4296000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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９）",
      "shareholding_ratio": 6.71,
      "shares_held": 3609000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 4,
      "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": 4.95,
      "shares_held": 2665000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 5,
      "name": "公益財団法人小笠原科学技術振興財団",
      "shareholding_ratio": 4.09,
      "shares_held": 2200000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 6,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.71,
      "shares_held": 1457000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 7,
      "name": "NORTHERN TRUST CO. (AVFC) RE MONDRIAN INTERNATIONAL SMALL CAP EQUITY FUND, L. P. （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": 2.01,
      "shares_held": 1083000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 8,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.92,
      "shares_held": 1032000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "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": 1.87,
      "shares_held": 1006000
    },
    {
      "FY": "FY16",
      "period": "2017/3",
      "rank": 10,
      "name": "BBH FOR MATTHEWS JAPAN FUND (常任代理人 株式会社三菱東京ＵＦＪ銀行)",
      "shareholding_ratio": 1.46,
      "shares_held": 786000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 1,
      "name": "OGASAWARA HOLDINGS CO., LIMITED （常任代理人 株式会社三菱東京ＵＦＪ銀行）",
      "shareholding_ratio": 11.39,
      "shares_held": 5943000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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": 8.39,
      "shares_held": 4378000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "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９）",
      "shareholding_ratio": 7.15,
      "shares_held": 3728000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 4,
      "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": 4.8,
      "shares_held": 2504000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 5,
      "name": "公益財団法人小笠原科学技術振興財団",
      "shareholding_ratio": 4.21,
      "shares_held": 2200000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 6,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.79,
      "shares_held": 1457000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 7,
      "name": "BBH FOR MATTHEWS ASIA DIVIDEND FUND (常任代理人 株式会社三菱東京ＵＦＪ銀行)",
      "shareholding_ratio": 2.09,
      "shares_held": 1090000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 8,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.98,
      "shares_held": 1032000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 9,
      "name": "BBH FOR MATTHEWS JAPAN FUND (常任代理人 株式会社三菱東京ＵＦＪ銀行)",
      "shareholding_ratio": 1.92,
      "shares_held": 1003000
    },
    {
      "FY": "FY17",
      "period": "2018/3",
      "rank": 10,
      "name": "NORTHERN TRUST CO. (AVFC) RE MONDRIAN INTERNATIONAL SMALL CAP EQUITY FUND, L. P. （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": 1.9,
      "shares_held": 991000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 1,
      "name": "OGASAWARA HOLDINGS CO., LIMITED (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 11.5,
      "shares_held": 11887000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "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": 9.76,
      "shares_held": 10095000
    },
    {
      "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９）",
      "shareholding_ratio": 7.83,
      "shares_held": 8093000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 4,
      "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": 5.9,
      "shares_held": 6097000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 5,
      "name": "公益財団法人小笠原科学技術振興財団",
      "shareholding_ratio": 4.25,
      "shares_held": 4400000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 6,
      "name": "BBH FOR MATTHEWS ASIA DIVIDEND FUND (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 2.84,
      "shares_held": 2943000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 7,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.82,
      "shares_held": 2915000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 8,
      "name": "NORTHERN TRUST CO. (AVFC) RE MONDRIAN INTERNATIONAL SMALL CAP EQUITY FUND, L. P. （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": 2.04,
      "shares_held": 2117000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 9,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 1.99,
      "shares_held": 2065000
    },
    {
      "FY": "FY18",
      "period": "2019/3",
      "rank": 10,
      "name": "BBH FOR MATTHEWS JAPAN FUND (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 1.98,
      "shares_held": 2051000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 1,
      "name": "OGASAWARA HOLDINGS CO., LIMITED (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 11.59,
      "shares_held": 11887000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "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": 9.73,
      "shares_held": 9981000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "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９）",
      "shareholding_ratio": 6.94,
      "shares_held": 7117000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 4,
      "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": 5.58,
      "shares_held": 5724000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 5,
      "name": "公益財団法人小笠原科学技術振興財団",
      "shareholding_ratio": 4.29,
      "shares_held": 4400000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 6,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.84,
      "shares_held": 2915000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 7,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 2.01,
      "shares_held": 2065000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 8,
      "name": "NORTHERN TRUST CO. (AVFC) RE MONDRIAN INTERNATIONAL SMALL CAP EQUITY FUND, L. P. （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": 1.98,
      "shares_held": 2040000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 9,
      "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": 1.97,
      "shares_held": 2029000
    },
    {
      "FY": "FY19",
      "period": "2020/3",
      "rank": 10,
      "name": "TAIYO FUND L. P. (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 1.79,
      "shares_held": 1837000
    },
    {
      "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": 11.37,
      "shares_held": 11591000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 2,
      "name": "公益財団法人小笠原敏晶記念財団",
      "shareholding_ratio": 10.15,
      "shares_held": 10343000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 3,
      "name": "株式会社日本カストディ銀行（信託口９）",
      "shareholding_ratio": 7.16,
      "shares_held": 7300000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 4,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 6.21,
      "shares_held": 6335000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 5,
      "name": "GOLDMAN SACHS & CO. REG （常任代理人 ゴールドマン・サックス証券株式会社）",
      "shareholding_ratio": 5.87,
      "shares_held": 5981000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 6,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.86,
      "shares_held": 2915000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "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": 2.72,
      "shares_held": 2772000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 8,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 2.02,
      "shares_held": 2065000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 9,
      "name": "TAIYO FUND, L. P. (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 1.8,
      "shares_held": 1837000
    },
    {
      "FY": "FY20",
      "period": "2021/3",
      "rank": 10,
      "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": 1.52,
      "shares_held": 1551000
    },
    {
      "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": 23.07,
      "shares_held": 23216000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 2,
      "name": "公益財団法人小笠原敏晶記念財団",
      "shareholding_ratio": 10.27,
      "shares_held": 10343000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 3,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 7.41,
      "shares_held": 7464000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 4,
      "name": "GOLDMAN, SACHS & CO. REG （常任代理人 ゴールドマン・サックス証券株式会社）",
      "shareholding_ratio": 5.93,
      "shares_held": 5969000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 5,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.89,
      "shares_held": 2915000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 6,
      "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": 2.76,
      "shares_held": 2779000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 7,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 2.05,
      "shares_held": 2065000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 8,
      "name": "TAIYO FUND, L. P. (常任代理人 株式会社三菱ＵＦＪ銀行)",
      "shareholding_ratio": 1.82,
      "shares_held": 1837000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 9,
      "name": "J.P. MORGAN BANK LUXEMBOURG S.A. 381572 (常任代理人 株式会社みずほ銀行決済営業部)",
      "shareholding_ratio": 1.36,
      "shares_held": 1371000
    },
    {
      "FY": "FY21",
      "period": "2022/3",
      "rank": 10,
      "name": "NORTHERN TRUST CO. （AVFC） RE IEDU UCITS CLIENTS NON LENDING 15 PCT TREATY ACCOUNT （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": 1.31,
      "shares_held": 1325000
    },
    {
      "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": 23.57,
      "shares_held": 23665000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 2,
      "name": "公益財団法人小笠原敏晶記念財団",
      "shareholding_ratio": 10.3,
      "shares_held": 10343000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 3,
      "name": "株式会社日本カストディ銀行（信託口）",
      "shareholding_ratio": 7.66,
      "shares_held": 7693000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 4,
      "name": "GOLDMAN, SACHS & CO. REG （常任代理人 ゴールドマン・サックス証券株式会社）",
      "shareholding_ratio": 6.12,
      "shares_held": 6152000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 5,
      "name": "日本生命保険相互会社",
      "shareholding_ratio": 2.9,
      "shares_held": 2915000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 6,
      "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": 2.61,
      "shares_held": 2625000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 7,
      "name": "第一生命保険株式会社",
      "shareholding_ratio": 2.05,
      "shares_held": 2065000
    },
    {
      "FY": "FY22",
      "period": "2023/3",
      "rank": 8,
      "name": "TAIYO FUND, L. P. (常任代理人 株式会社三菱ＵＦＪ銀行)",
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      "source": "有価証券報告書（2006年3月期）"
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      "source": "有価証券報告書（2006年3月期）"
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    {
      "FY": "FY05",
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      "source": "有価証券報告書（2006年3月期）"
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      "FY": "FY05",
      "period": "2006/3",
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      "source": "有価証券報告書（2006年3月期）"
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      "company_name_at_period": "ニフコ",
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      "source": "有価証券報告書（2011年3月期）"
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      "FY": "FY10",
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      "company_name_at_period": "ニフコ",
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      "total_shares": 53760000,
      "source": "有価証券報告書（2011年3月期）"
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      "source": "有価証券報告書（2011年3月期）"
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      "company_name_at_period": "ニフコ",
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      "source": "有価証券報告書（2011年3月期）"
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      "company_name_at_period": "ニフコ",
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}