Worth reading
34Immaterial
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
23.46
Voting rights ownership ratio (%)Wording
Definitive
How definitive the wording is.Governance structure
Controlling shareholder
HIKARI TSUSHIN,INC.23.46%Voting rights
listed on the Tokyo Stock Exchange Prime Market), voting rights ownership ratio: 23.46% (indirect ownership); HIKARI TSUSHIN,INC. (unlisted), voting rights ownership ratio: 23.46% (direct ownership: 1.09%; combined: 22.36%
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 | HIKARI TSUSHIN,INC. (listed on the Tokyo Stock Exchange Prime Market), voting rights ownership ratio: 23.46% (indirect ownership); HIKARI TSUSHIN,INC. (unlisted), voting rights ownership ratio: 23.46% (direct ownership: 1.09%; combined: 22.36%) |
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time
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.HIKARI TSUSHIN,INC. is in a position to exert ultimate influence through HIKARI TSUSHIN,INC. and is a higher-tier parent company capable of determining the direction of the corporate group.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.