Komori
Governance2654ASMO CORPORATIONRetail

Matters Concerning Controlling Shareholders

The company reported on the status of its parent company and controlling shareholders, transactions with the parent group, its approach to independence, and the protection of minority shareholders. It also described the circumstances under which the status of ベストライフ and others changed to that of the parent company or a subsidiary of the parent company.

Worth reading
54Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
60.92
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
Persons Bridge Co., Ltd.60.92%Voting rights

parent company, voting rights ownership ratio: 60.92%), 株式会社ベストライフ (parent company, aggregate voting rights ownership ratio: 60.92%), and 株式会社ベストライフホールディングス (parent company, aggregate voting rights ownership ratio: 60.92%). None is listed on a financial instruments exchange or other market.

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.

Changes this time

On 31 March 2022, the 948 non-voting class shares of Persons Bridge held by 6 wholly owned subsidiaries of 株式会社ベストライフ were converted into common shares. As a result, the voting rights ratio indirectly held by ベストライフ increased by 60.9%, making it the parent company. Accordingly, the status of ベストライフ and others changed.

Governance structure
ItemDetails
Controlling shareholderPersons Bridge Co., Ltd. (parent company, voting rights ownership ratio: 60.92%), 株式会社ベストライフ (parent company, aggregate voting rights ownership ratio: 60.92%), and 株式会社ベストライフホールディングス (parent company, aggregate voting rights ownership ratio: 60.92%). None is listed on a financial instruments exchange or other market.
Changes this timeOn 31 March 2022, the 948 non-voting class shares of Persons Bridge held by 6 wholly owned subsidiaries of 株式会社ベストライフ were converted into common shares. As a result, the voting rights ratio indirectly held by ベストライフ increased by 60.9%, making it the parent company. Accordingly, the status of ベストライフ and others changed.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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 provide information on matters concerning controlling shareholders, etc. The company believes that independence and the rights of minority shareholders are ensured because transactions with the parent group are determined with reference to general transaction terms and prevailing market prices, and business strategies, capital policies and other matters are deliberated by the Board of Directors and the Management Committee.

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.
Matters Concerning Controlling Shareholders | ASMO CORPORATION (2654) timely disclosure | Komori