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Governance2341ARBEIT-TIMES CO.,LTD.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

The Company disclosed HIKARI TSUSHIN,INC. as an other affiliated company, together with its voting rights ownership ratio and relationship with the Company. HIKARI TSUSHIN,INC. owns 23.39% of the Company’s voting rights through its subsidiaries and other entities, but explained that the Company makes decisions based on its own management policies and maintains a certain degree of independence.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
23.39
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
HIKARI TSUSHIN,INC.23.39%Voting rights

other affiliated company; voting rights ownership ratio: 23.39% included in the aggregate calculation, 23.39% in total; directly owned: –

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.

Governance structure
ItemDetails
Controlling shareholderHIKARI TSUSHIN,INC. (other affiliated company; voting rights ownership ratio: 23.39% included in the aggregate calculation, 23.39% in total; directly owned: –)
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.

Although HIKARI TSUSHIN,INC. does not directly own voting rights in the Company, it is deemed to have substantial influence because it is the general partner and joint holder of investment limited partnerships and other entities that are shareholders of the Company, and is the parent company of HIKARI TSUSHIN,INC. Accordingly, it is classified as an other affiliated company.

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Matters Concerning Controlling Shareholders | ARBEIT-TIMES CO.,LTD. (2341) timely disclosure | Komori