Governance structure
Other affiliated company; voting rights ownership ratio: 17.2%; unlisted). In addition, company officer Iizuka Gen'ichi (飯塚元一) and his close relatives, among others, effectively hold a majority of the voting rights.
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
No changes stated
| Item | Details |
|---|---|
| Number of directors | Total: 8 directors, including 2 independent outside directors (total number of outside directors: Not disclosed) |
| Number of independent officers | 2 |
| Committee | Nomination and Compensation Advisory Committee; outside members account for half, including half independent outside officers |
| Controlling shareholder | 埼栄不動産株式会社 (Other affiliated company; voting rights ownership ratio: 17.2%; unlisted). In addition, company officer Iizuka Gen'ichi (飯塚元一) and his close relatives, among others, effectively hold a majority of the voting rights. |
| Changes this time | No changes stated |
Items this document does not state (3)
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.The company explained that its relationships with controlling shareholders, etc., impose no restrictions on or have no impact on its business, and that a certain degree of independence is secured through measures including the appointment of independent outside directors and the establishment of a Nomination and Compensation Advisory Committee. It also stated that transactions are conducted on appropriate terms comparable to those in ordinary transactions and that measures are taken to avoid harming the interests of minority shareholders.