Reliance on LY Corporation’s control and group synergies
First written in FY2025. 1 of 3 entries say "Softened", first in FY2026. Latest entry: 2026-06-30.
53 other companies' latest entry also says "Restated".
- 2026-06-30RestatedGovernance
「Regarding our independence from the parent company, we believe that a certain degree of independence is secured because there are no business restrictions imposed by the parent company and we are able to make our own management decisions; the Company’s management decisions are respected with respect to employee-related matters, including employment, personnel and working conditions; and directors with a special interest may not participate in resolutions on the relevant agenda item.」
The Company reconfirmed its disclosure that LINEヤフー株式会社 is the parent company holding 54.5% of voting rights, that 1 director has been dispatched, and that measures are in place to secure independence and manage conflicts of interest. - FY2026SoftenedAnnual report
「As of the filing date, it owned 54.54% of the company's voting rights when shares held by YJ2 Investment Partnership, its CVC, were included.」
The voting rights ratio held by the parent company and related entities declined from the previously reported 56.273% to 54.54%. However, the company continues to state that the parent still holds a majority and can pass ordinary resolutions on its own. - FY2025First statedAnnual report
「LINE Yahoo Corporation owns a majority of the company's issued common shares, representing 56.273% of the company's voting rights as of the filing date when shares held by YJ2 Investment Partnership, its CVC, are included, making the company its subsidiary.」
The company identifies as risks the parent company's ability to pass ordinary resolutions on its own, changes in transaction and content policies, and changes in the consolidation relationship and group synergies. It also describes oversight by 2 outside directors.