Governance structure
Company with an Audit & Supervisory Boardparent company); voting rights ownership ratio: directly held, 61.90%; subject to aggregation, 4.95%; total, 66.86%
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Controlling shareholder | AEON CO.,LTD. (parent company); voting rights ownership ratio: directly held, 61.90%; subject to aggregation, 4.95%; total, 66.86% |
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.AEON CO.,LTD. is responsible for formulating group strategies and optimally allocating management resources, while the Company operates with a focus on enhancing its expertise and maintaining close ties with local communities. Concurrent directors and officers contribute to strengthening management through their extensive experience and to enhancing the audit function through their broad knowledge and experience. Transaction terms are determined through negotiations based on market rates and reasonable judgment in order to protect minority shareholders.