Protecting Minority Shareholders in Transactions with the Controlling Shareholder
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: 2026-08-24.
49 other companies' latest entry also says "Restated".
- 2026-08-24RestatedGovernance
「We do not conduct transactions with a controlling shareholder or other related party, nor do we plan to do so in the future. If it becomes necessary to conduct such a transaction, the Board of Directors will carefully examine its rationale and appropriateness before resolving on and approving it. In addition, at least one-third of the total directors are independent outside directors who are independent of the controlling shareholder.」
The company reconfirms its protection of minority shareholders by stating that it has no transactions with the controlling shareholder, that any future transaction would be reviewed and approved by the Board of Directors, and that independent outside directors have been appointed. - FY2026RestatedAnnual report
「In addition, 2 outside directors who serve as Audit and Supervisory Committee members will attend the relevant Board meeting and audit the deliberation process for the transaction, providing a mechanism to protect minority shareholders.」
For transactions with companies related to the controlling shareholder, the company continues measures to protect minority shareholders through Board deliberation and audits by 2 outside directors. - FY2021RestatedAnnual report
「In addition, 2 outside directors who serve as Audit and Supervisory Committee members will attend the relevant Board meeting and audit the deliberation process for the transaction, providing a mechanism to protect minority shareholders.」
The company continues measures to protect minority shareholders through Board deliberation and audits by 2 outside directors. - FY2020RestatedAnnual report
「In addition, 2 outside directors who serve as Audit and Supervisory Committee members will attend the relevant Board meeting and audit the deliberation process for the transaction, providing a mechanism to protect minority shareholders.」
For transactions with companies related to the controlling shareholder, the company continues measures to protect minority shareholders through Board deliberation and audits by 2 outside directors. - FY2019ReframedAnnual report
「In addition, 2 outside directors who serve as Audit and Supervisory Committee members will attend the relevant Board meeting and audit the deliberation process for the transaction, providing a mechanism to protect minority shareholders.」
The stated body responsible for overseeing minority shareholder protection has changed from the former outside Audit & Supervisory Board members to 2 outside directors serving as Audit and Supervisory Committee members. - FY2018RestatedAnnual report
「The company will appropriately address transactions so that they do not harm the rights of minority shareholders by having the Board of Directors thoroughly deliberate the content and terms of each transaction before deciding whether to proceed. In addition, 2 outside Audit & Supervisory Board members will attend the relevant Board meeting and audit the deliberation process for the transaction, providing a mechanism to protect minority shareholders.」
For transactions with companies related to the controlling shareholder, the company reiterates measures to protect minority shareholders through Board deliberation and audits by 2 outside Audit & Supervisory Board members. - FY2017RestatedAnnual report
「The company will appropriately address transactions so that they do not harm the rights of minority shareholders by having the Board of Directors thoroughly deliberate the content and terms of each transaction before deciding whether to proceed.」
For transactions with companies related to the controlling shareholder, the company reiterates measures to protect minority shareholders through Board deliberation and audits by outside Audit & Supervisory Board members. - FY2016First statedAnnual report
「The company will appropriately address transactions so that they do not harm the rights of minority shareholders by having the Board of Directors thoroughly deliberate the content and terms of each transaction before deciding whether to proceed.」
With the largest shareholder qualifying as the controlling shareholder, the company explains the protection of minority shareholders through Board deliberation and audits by outside Audit & Supervisory Board members.