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Governance3640DENSAN CO.,LTD.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

Disclosed that Shin-etsu Broadcasting Co., Ltd. and TOPPAN Inc. (formerly TOPPAN Edge Inc.) are the company's other related companies, together with their voting rights ownership ratios, business relationships and interlocking directorships.

Worth reading
85Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
39.3
Voting rights ownership ratio (%; including the portion indirectly held by Shin-etsu Broadcasting Co., Ltd.)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Neither a parent company nor a controlling shareholder; other related companies are Shin-etsu Broadcasting Co., Ltd.39.30%Voting rights

39.3% voting rights ownership ratio, including indirect holdings) and TOPPAN Inc. (formerly TOPPAN Edge Inc.; 15.9%

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.

Number of directorsTotal: 12 directors; outside directors: Not disclosed
Changes this time

TOPPAN Edge Inc. became TOPPAN Inc. effective 1 April 2026. Other changes from the previous report: Not disclosed

Governance structure
ItemDetails
Number of directorsTotal: 12 directors; outside directors: Not disclosed
Controlling shareholderNeither a parent company nor a controlling shareholder; other related companies are Shin-etsu Broadcasting Co., Ltd. (39.3% voting rights ownership ratio, including indirect holdings) and TOPPAN Inc. (formerly TOPPAN Edge Inc.; 15.9%)
Changes this timeTOPPAN Edge Inc. became TOPPAN Inc. effective 1 April 2026. Other changes from the previous report: Not disclosed
Items this document does not state (5)
Corporate Governance StructureNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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.

Shin-etsu Broadcasting Co., Ltd. has the greatest influence on the company because it owns the largest number of voting rights. Although the company has business relationships with both companies, as well as relationships involving the dispatch of officers or concurrent directorships, it states that it is not subject to constraints concerning business strategy, personnel policy, capital policy or other matters.

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 | DENSAN CO.,LTD. (3640) timely disclosure | Komori