Governance structure
Company with an Audit and Supervisory Committeeother affiliated company; voting rights ownership ratio: 20.59%; 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 (including at least 2 outside directors; however, the total number of outside directors is not disclosed in the main text) |
| Controlling shareholder | East Japan Railway Company (other affiliated company; voting rights ownership ratio: 20.59%; listed on the Tokyo Stock Exchange Prime Market) |
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 explained its business cooperation with East Japan Railway Company and its construction-related relationship in the railway business sector. It recognizes that the transactions are conducted in the ordinary course of business, that its business activities are not subject to restrictions, and that a certain degree of independence is maintained. The reason for the concurrently serving directors is to apply their specialized knowledge and experience in the railway business to advice and audits for the Company.