Governance structure
other affiliated company), voting rights ownership ratio: 18.54% (direct ownership: 18.54%; amount included in aggregate: –). Not the parent company.
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.
The main text contains no changes from the previous report. It discloses that Rakuten Group,Inc. is an other affiliated company holding 18.54% of the voting rights, that the Company is an equity-method affiliate, and information on the business relationship and independence.
| Item | Details |
|---|---|
| Controlling shareholder | Rakuten Group,Inc. (other affiliated company), voting rights ownership ratio: 18.54% (direct ownership: 18.54%; amount included in aggregate: –). Not the parent company. |
| Changes this time | The main text contains no changes from the previous report. It discloses that Rakuten Group,Inc. is an other affiliated company holding 18.54% of the voting rights, that the Company is an equity-method affiliate, and information on the business relationship and independence. |
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.To disclose matters concerning the controlling shareholder, etc. The Company explained that transactions with Rakuten Group,Inc. are determined based on market prices, valuations by independent real estate appraisers and other factors, under terms equivalent to those of general transactions. The Company also recognizes that it conducts business activities independently, faces no constraints on important decision-making and has secured its independence.