Governance structure
other affiliated company), voting rights ownership ratio 22.98% (direct ownership: 22.98%; amount subject to aggregation: —), no listed 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.
| Item | Details |
|---|---|
| Controlling shareholder | 株式会社桐生興産 (other affiliated company), voting rights ownership ratio 22.98% (direct ownership: 22.98%; amount subject to aggregation: —), no listed market |
Items this document does not state (7)
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.株式会社桐生興産's main business is the holding and management of securities. As it has no business transactions or other business relationship with the Company and is not involved in the Company's management decision-making, the Company recognizes that its independence is sufficiently secured. The reason given for the concurrent appointment of the representative director and president is "to strengthen the management structure."