Governance structure
voting rights ownership ratio: 27.7%) and YUMEMITSUKETAI Co.,Ltd. (voting rights ownership ratio: 22.4%). Both are classified as “Other Affiliated Companies”; the text refers to them as parent companies, etc., rather than controlling shareholders.
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | Total: Not disclosed; outside directors: Not disclosed (the text states that the company has accepted 2 directors from FREESIA MACROSS CORPORATION) |
| Controlling shareholder | FREESIA MACROSS CORPORATION (voting rights ownership ratio: 27.7%) and YUMEMITSUKETAI Co.,Ltd. (voting rights ownership ratio: 22.4%). Both are classified as “Other Affiliated Companies”; the text refers to them as parent companies, etc., rather than controlling shareholders. |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (5)
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 explains that the two companies are expected to exercise their voting rights in the same manner as joint holders and therefore have an equivalent impact on the company. It also explains that, while maintaining cooperative relationships with the two companies and their group companies, it secures a certain degree of independence through the separation of business areas and its low level of dependence on them.