Governance structure
parent company), directly held 59.59%, aggregated holdings 13.02%, total 72.62%
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.
The share exchange agreement was approved at the annual general meeting of shareholders held on 23 June 2026, and the Company is scheduled to become a wholly owned subsidiary of HIKARI TSUSHIN,INC. with 1 August 2026 as the effective date. The Company is scheduled to be delisted on 30 July 2026.
| Item | Details |
|---|---|
| Controlling shareholder | HIKARI TSUSHIN,INC. (parent company), directly held 59.59%, aggregated holdings 13.02%, total 72.62% |
| Changes this time | The share exchange agreement was approved at the annual general meeting of shareholders held on 23 June 2026, and the Company is scheduled to become a wholly owned subsidiary of HIKARI TSUSHIN,INC. with 1 August 2026 as the effective date. The Company is scheduled to be delisted on 30 July 2026. |
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.To strengthen collaboration with HIKARI TSUSHIN,INC. and apply its experience and expertise in finance and management to the Company's management. The terms of transactions with the parent company are negotiated on each occasion with reference to prevailing market prices and other factors, and handled fairly and appropriately so as not to disadvantage minority shareholders.