Governance structure
parent company), voting rights ownership ratio of 50.5% (direct ownership: 50.5%; amount included in the aggregate: —
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 |
|---|---|
| Number of directors | 12 directors (of whom the number of outside directors is not disclosed) |
| Controlling shareholder | YAMAYA CORPORATION (parent company), voting rights ownership ratio of 50.5% (direct ownership: 50.5%; amount included in the aggregate: —) |
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.Transactions with the parent company group are comprehensively assessed by comparing prices, terms and other factors with those of other business partners, and are determined using the same process. The annual transaction limits are determined with the approval of the Board of Directors, and transaction amounts are reported to the Board of Directors quarterly for monitoring. The company also stated that the purpose is to strengthen its management monitoring function by obtaining objective opinions on corporate operations from directors who concurrently serve at the parent company and other such officers.