Governance structure
other affiliated company, 27.2% of voting rights; no direct ownership, 27.2% included in the aggregate
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 |
|---|---|
| Controlling shareholder | HIKARI TSUSHIN,INC. (other affiliated company, 27.2% of voting rights; no direct ownership, 27.2% included in the aggregate) |
Items this document does not state (7)
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.Although HIKARI TSUSHIN,INC. does not hold shares directly, it holds 27.2% of the voting rights through its subsidiaries, etc., and is therefore recognized as having substantial influence and classified as an other affiliated company. The Company recognizes that it makes decisions independently and maintains a certain degree of independence.