Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
Reduction of cross-shareholdings. Compared with the end of March 2023, the company sold 16 listed holdings and 14 unlisted holdings, but the market value of cross-shareholdings remained at 24.0% of consolidated net assets.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The report describes the transition to a company with an Audit and Supervisory Committee, an increase in the ratio of outside directors, meetings of the Sustainability Committee, and progress in reducing cross-shareholdings.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Sustainability Committee (proportion of outside members: Not disclosed) |
| Policy on cross-shareholdings | Reduction of cross-shareholdings. Compared with the end of March 2023, the company sold 16 listed holdings and 14 unlisted holdings, but the market value of cross-shareholdings remained at 24.0% of consolidated net assets. |
| Controlling shareholder | Statement that there is no controlling shareholder or parent company: Not disclosed |
| Changes this time | The report describes the transition to a company with an Audit and Supervisory Committee, an increase in the ratio of outside directors, meetings of the Sustainability Committee, and progress in reducing cross-shareholdings. |
Items this document does not state (3)
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.To respond to changes in the internal and external environment, further strengthen the construction business, and build an earnings base resilient to changes in the external environment in preparation for the future contraction of the domestic construction market.