Governance structure
voting rights ownership percentage: 14.16% held directly, 24.62% included in the aggregate, 38.78% in total). Kintetsu Railway Co., Ltd. holds 23.89%. However, both are classified in the document as "Other affiliated companies".
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | 12 directors; number of outside directors: Not disclosed |
| Controlling shareholder | Kintetsu Group Holdings Co.,Ltd. (voting rights ownership percentage: 14.16% held directly, 24.62% included in the aggregate, 38.78% in total). Kintetsu Railway Co., Ltd. holds 23.89%. However, both are classified in the document as "Other affiliated companies". |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (5)
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 explains that Kintetsu Group Holdings Co.,Ltd. is the wholly owning parent company of Kintetsu Railway Co., Ltd. and has control over that company, making its impact on the Company the greatest. The Company also explains that, although it has a cooperative relationship with the group in areas such as attracting passengers, there are no business restrictions or risks and its independence is assured.