Governance structure
Company with an Audit and Supervisory Committee龍潤生) (largest shareholder; voting rights ratio Not disclosed
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.
The Company changed to its new management structure on 10 April 2026 and restructured its board composition at the annual general meeting of shareholders held on 24 June 2026. In April 2026, it established a Nomination Committee centered on outside directors. It decided not to separate its overseas division and instead to strengthen management by the parent company.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Nomination Committee: 2 outside members out of 3 in total (66.7%). Remuneration Committee: Not disclosed. |
| Controlling shareholder | Ryū Junsei (龍潤生) (largest shareholder; voting rights ratio Not disclosed) |
| Changes this time | The Company changed to its new management structure on 10 April 2026 and restructured its board composition at the annual general meeting of shareholders held on 24 June 2026. In April 2026, it established a Nomination Committee centered on outside directors. It decided not to separate its overseas division and instead to strengthen management by the parent company. |
Items this document does not state (4)
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 was designated as a Security on Special Alert because the Tokyo Stock Exchange determined that its internal management system and related areas required substantial improvement. The Company stated that it aims to prevent a recurrence of inappropriate accounting practices and information disclosures in prior fiscal years, strengthen management oversight and group governance, reinforce its internal control system, raise compliance awareness, and improve its financial reporting processes.