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Governance3553KYOWA LEATHER CLOTH CO.,LTD.Materials and Chemicals

Matters Concerning Controlling Shareholders

The company disclosed its capital and business relationships with TOYOTA MOTOR CORPORATION, as well as its independence and the risks arising from belonging to the TOYOTA MOTOR CORPORATION Group. TOYOTA MOTOR CORPORATION is an other affiliated company that holds 35.1% of the voting rights.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
35.1
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
TOYOTA MOTOR CORPORATION35.10%Voting rights

other affiliated company), voting rights ownership ratio 35.1% (direct ownership 35.1%, included in aggregate 0.0%

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 shareholderTOYOTA MOTOR CORPORATION (other affiliated company), voting rights ownership ratio 35.1% (direct ownership 35.1%, included in aggregate 0.0%)
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.

To inform investors about the relationship with controlling shareholders, business constraints and risks, and the status of the company's independence. The company explains that it faces no business constraints, such as the need for approval from TOYOTA MOTOR CORPORATION, and that a certain level of independence has been secured. On the other hand, sales to the TOYOTA MOTOR CORPORATION Group account for approximately 50% of revenue, and trends in automobile sales may affect the company's results.

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 | KYOWA LEATHER CLOTH CO.,LTD. (3553) timely disclosure | Komori