Komori
Governance3437TOKUDEN CO.,LTD.Construction and Materials

Matters Concerning Controlling Shareholders

It was reported that HIKARI TSUSHIN,INC. is an other affiliated company that holds 26.7% of the Company's voting rights through its subsidiaries and other entities, and that there are no material business or personnel relationships with the Company. There are no transactions with controlling shareholders, etc.

Worth reading
67In focus
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
26.7
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
HIKARI TSUSHIN,INC.26.70%Voting rights

other affiliated company; 26.7% of voting rights, including the portion held through subsidiaries and other entities

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 shareholderHIKARI TSUSHIN,INC. (other affiliated company; 26.7% of voting rights, including the portion held through subsidiaries and other entities)
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.

Although HIKARI TSUSHIN,INC. does not hold the shares directly, it owns 26.7% of the voting rights through its subsidiaries and other entities and has substantive influence. It is therefore classified as an other affiliated company. The Company makes its own decisions and considers that it has secured a certain degree of 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 | TOKUDEN CO.,LTD. (3437) timely disclosure | Komori