Governance structure
other affiliated company and largest shareholder, which is also a major shareholder), voting rights ownership ratio: 28.16%
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.
Matters concerning controlling shareholders, etc. (other affiliated companies) were disclosed. The disclosure describes Sumo Japan's voting rights ownership ratio, concurrent officer positions, business relationships and policy on related-party transactions. Changes from the previous report are not explicitly stated.
| Item | Details |
|---|---|
| Number of directors | 9, including 5 outside directors |
| Controlling shareholder | Sumo Japan Ventures Segregated Portfolio of Fundviews SPC Ltd. (other affiliated company and largest shareholder, which is also a major shareholder), voting rights ownership ratio: 28.16% |
| Changes this time | Matters concerning controlling shareholders, etc. (other affiliated companies) were disclosed. The disclosure describes Sumo Japan's voting rights ownership ratio, concurrent officer positions, business relationships and policy on related-party transactions. Changes from the previous report are not explicitly stated. |
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.Sumo Japan is an investment entity, and the Company explains that it conducts its business activities and makes management decisions independently of Sumo Japan through its board of directors and other bodies, including 5 independent outside directors. For transactions with related parties, the Company has a policy of considering the necessity, reasonableness and appropriateness of the transaction terms at meetings of the board of directors and obtaining its approval.