Komori
Governance3848Data Applications Company,LimitedInformation and Communications, Services and Others

Matters Concerning Controlling Shareholders

The company disclosed the voting rights ownership of HIKARI TSUSHIN,INC. and 光通信株式会社, as its parent companies and other related entities, and their relationships with the company. It stated that there are no material business or personnel relationships, or transactions, with either company that require disclosure.

Worth reading
34Immaterial
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
25.21
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
HIKARI TSUSHIN,INC.25.21%Voting rights

25.21% included in the aggregate), 光通信株式会社 (25.21% in total

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. (25.21% included in the aggregate), 光通信株式会社 (25.21% in total)
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.

The company explained that HIKARI TSUSHIN,INC. is in a position to exercise ultimate influence through 光通信株式会社 and is the higher-tier capital company capable of determining the direction of the corporate group, and therefore has the greatest influence on the listed company. The company recognizes that it makes decisions based on its own management policies and maintains 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 | Data Applications Company,Limited (3848) timely disclosure | Komori