Governance structure
Company with an Audit and Supervisory Committeedirect ownership 58.8%, included in aggregate 2.1%
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 10 (number of outside directors: Not disclosed) |
| Controlling shareholder | GMO Internet Group, Inc., voting rights ownership ratio 60.9% (direct ownership 58.8%, included in aggregate 2.1%) |
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 states that its business is appropriately segregated from that of the parent company and that it is not in a situation where its business activities are impeded by the parent company group. It also states that management, centered on independent officers and full-time officers, makes decisions independently. With respect to the protection of minority shareholders, the company states that it carefully examines the necessity and terms of transactions and the appropriateness of the decision-making process, including by comparing them with transactions with third parties.