Governance structure
Company with an Audit and Supervisory Committeevoting rights ownership ratio: 55.00%, held directly); YAMADA HOLDINGS CO.,LTD. (voting rights ownership ratio: 55.00%, held indirectly; listed on the Tokyo Stock Exchange Prime Market
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 11 directors (outside directors are stated to constitute a majority; number Not disclosed) |
| Committee | Nomination Committee (composed of a majority of independent outside directors). Remuneration Committee: Not disclosed |
| Controlling shareholder | 株式会社ヒノキヤグループ (voting rights ownership ratio: 55.00%, held directly); YAMADA HOLDINGS CO.,LTD. (voting rights ownership ratio: 55.00%, held indirectly; listed on the Tokyo Stock Exchange Prime Market) |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company explained that 株式会社ヒノキヤグループ has directly held shares in the company since February 2009 and therefore has the greatest impact on the listed company. With respect to the protection of minority shareholders, the company cited prior approval by the Board of Directors under its rules for managing related-party transactions and the determination of prices after taking into account ordinary transaction prices, estimated prices, and market prices.