Komori
Governance3315NIPPON COKE & ENGINEERING COMPANY,LIMITEDEnergy Resources

Matters Concerning Controlling Shareholders

NIPPON STEEL CORPORATION and SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) are identified as other affiliated companies, and their voting rights ownership percentages, officer interlocks and business relationships are disclosed. NIPPON STEEL CORPORATION is identified as the company with the greatest influence on the Company.

Worth reading
26Immaterial
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
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Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
No parent company. Other affiliated companies: NIPPON STEEL CORPORATION22.60%Voting rights

direct voting rights ownership percentage: 22.6%) and SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) (direct voting rights ownership percentage: 19.4%

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.

Governance structure
ItemDetails
Controlling shareholderNo parent company. Other affiliated companies: NIPPON STEEL CORPORATION (direct voting rights ownership percentage: 22.6%) and SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) (direct voting rights ownership percentage: 19.4%)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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.

NIPPON STEEL CORPORATION explains that it has the greatest influence on the Company because it is the largest shareholder, has extensive personnel exchanges through the dispatch of officers, and is also a major business partner. The Company explains that it has established cooperative relationships with both companies to generate synergies through business alliances, while facing no business constraints, making decisions independently and maintaining its independence.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | NIPPON COKE & ENGINEERING COMPANY,LIMITED (3315) timely disclosure | Komori