Governance structure
other affiliated company), voting rights ownership ratio of 19.2% (19.0% directly and 0.2% included in the aggregate). Its shares are listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange.
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.
No changes from the previous report are stated.
| Item | Details |
|---|---|
| Controlling shareholder | Nagoya Railroad Co., Ltd. (other affiliated company), voting rights ownership ratio of 19.2% (19.0% directly and 0.2% included in the aggregate). Its shares are listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange. |
| Changes this time | No changes from the previous report are stated. |
Items this document does not state (6)
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.This disclosure informs investors about the Company's relationship with its controlling shareholders, interlocking officer positions, transaction details and independence. The Company stated that its independence is ensured because it consistently receives construction orders from the Group, and the order prices are negotiated and determined based on estimates prepared by the Company Group and do not differ from general transaction terms.