Governance structure
other affiliated company; voting rights ownership: direct 14.85%, included in aggregate 14.11%, total 28.96%), Showa Chemical Industry Co.,Ltd. (other affiliated company; voting rights ownership: direct 15.52%, total 15.52%
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 | 株式会社麻生 (other affiliated company; voting rights ownership: direct 14.85%, included in aggregate 14.11%, total 28.96%), Showa Chemical Industry Co.,Ltd. (other affiliated company; voting rights ownership: direct 15.52%, total 15.52%) |
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.株式会社麻生 holds 28.96% of the Company's voting rights, comprising direct holdings and holdings included in the aggregate, and owns 50.10% of the shares of WAKACHIKU CONSTRUCTION CO.,LTD. Accordingly, it is explained that 株式会社麻生 has the greatest influence on the Company. Concurrent service by officers of Showa Chemical Industry Co.,Ltd. is intended to strengthen the management and audit structures. Since the Company has no transactions with either company and there are no constraints on its business activities, it is explained that its independence is ensured.