Governance structure
other affiliated company; voting rights ownership ratio: 15.36%; directly owned: 15.36%; portion subject to aggregation: –
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 | Sumitomo Forestry Co.,Ltd. (other affiliated company; voting rights ownership ratio: 15.36%; directly owned: 15.36%; portion subject to aggregation: –) |
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.To create synergies in business collaboration with Sumitomo Forestry Co.,Ltd. as long-term partners sharing common values while respecting each company's independence. With respect to the concurrently serving director, more constructive discussions are expected at meetings of the Board of Directors based on the director's extensive management experience and broad knowledge.