Governance structure
other affiliated company), voting rights ownership ratio of 20.21% (direct ownership: 20.21%; combined ownership: —). It is not a parent company or controlling shareholder.
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.
As matters concerning controlling shareholders, etc., the company disclosed NRI's position, business relationships, independence, transaction amounts and other information. No changes from the previous report were stated.
| Item | Details |
|---|---|
| Controlling shareholder | Nomura Research Institute,Ltd. (other affiliated company), voting rights ownership ratio of 20.21% (direct ownership: 20.21%; combined ownership: —). It is not a parent company or controlling shareholder. |
| Changes this time | As matters concerning controlling shareholders, etc., the company disclosed NRI's position, business relationships, independence, transaction amounts and other information. No changes from the previous report were 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.Because NRI qualifies as an other affiliated company of the company, the company has disclosed matters concerning controlling shareholders, etc. The company explained that it conducts its business activities and makes management decisions on its own responsibility, and that the terms of transactions with NRI are negotiated and determined in the same manner as transactions with other general companies, thereby ensuring a certain degree of independence. At the same time, NRI Group is a major and stable customer, accounting for 48.7% of sales, and the company stated that changes in the group's business conditions could have a material impact on its performance.