Governance structure
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 |
|---|---|
| Committee | Management Advisory Committee (comprising 3 independent outside directors and the Representative Director and President), and Special Committee (comprising independent individuals, including independent outside directors). Outside member ratio: Not disclosed |
| Controlling shareholder | ITOCHU Corporation, directly 46.42%, aggregate portion 4.50%, total 50.92%. Stated as parent company |
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.Because multiple quotations are obtained from parties other than the parent company, and suppliers are selected after taking prevailing market prices into consideration. Important transactions are also referred to the Management Advisory Committee, while important transactions and actions involving conflicts of interest between the controlling shareholder and minority shareholders are deliberated and reviewed by the Special Committee.