Governance structure
parent company), voting rights ownership ratio: 45.37% (direct ownership: 45.37%; portion subject to aggregation: –
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 |
|---|---|
| Controlling shareholder | RIZAP GROUP, Inc. (parent company), voting rights ownership ratio: 45.37% (direct ownership: 45.37%; portion subject to aggregation: –) |
Items this document does not state (7)
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 sufficiently examine the rationale and appropriateness of the terms of transactions with the controlling shareholder and protect minority shareholders from undue harm to their rights. The Company explains that directors concurrently serving at the parent company are intended to bring their knowledge and experience at the parent company to the management of the Company.