Governance structure
SUMITOMO SHOJI KAISHA,LTD.) and ITOCHU Corporation are listed as major shareholders, but the voting rights ratio as a controlling shareholder or parent company is Not disclosed.
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
Effective 25 June 2026, Watanabe Atsushi (渡邉 篤) became a new candidate for outside director. In the designation status of independent officers, Watanabe Atsushi (渡邉 篤) has not been designated, and the existing structure of 7 independent officers is reported.
| Item | Details |
|---|---|
| Number of directors | 5 outside directors, including 3 independent officers, and 2 outside corporate auditors, both of whom are independent officers. The total number of directors and the number of internal directors are Not disclosed. |
| Number of independent officers | 7 |
| Committee | Nomination and Compensation Committee. The proportion of outside members is not disclosed |
| Controlling shareholder | SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) and ITOCHU Corporation are listed as major shareholders, but the voting rights ratio as a controlling shareholder or parent company is Not disclosed. |
| Changes this time | Effective 25 June 2026, Watanabe Atsushi (渡邉 篤) became a new candidate for outside director. In the designation status of independent officers, Watanabe Atsushi (渡邉 篤) has not been designated, and the existing structure of 7 independent officers is reported. |
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.Because a proposal to elect outside officers was submitted to the General Meeting of Shareholders. Watanabe Atsushi (渡邉 篤) is expected to provide advice and oversight drawing on his global business experience at a general trading company. Watanabe Atsushi (渡邉 篤) and Minami Katsuyuki (南 勝之) have not been designated as independent officers because they are executive officers of SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) and ITOCHU Corporation, respectively, and there are business transactions between those companies and the Company.