Governance structure
Company with an Audit and Supervisory CommitteePPIH), voting rights ownership ratio: 40.3% (direct ownership: 40.3%; ownership subject to aggregation: —
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Controlling shareholder | Pan Pacific International Holdings Corporation (PPIH), voting rights ownership ratio: 40.3% (direct ownership: 40.3%; ownership subject to aggregation: —) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (5)
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 explains that transaction terms with the parent company group are determined by ensuring economic rationality from the perspective of protecting minority shareholders, taking into account total costs and transaction prices with other business partners. It also explains that 2 outside directors independent of PPIH have been appointed to ensure the objectivity and transparency of transactions.