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Governance3958Sasatoku Printing Co.,Ltd.Materials and Chemicals

Matters Concerning Controlling Shareholders

Disclosed that 王子マテリア株式会社 is an other affiliated company that directly holds 18.38% of the voting rights in the Company, while its wholly owning parent, Oji Holdings Corporation, also indirectly holds 18.38%. The Company explained that there are no management constraints, interlocking director appointments or secondments from either company, and that its independence is ensured.

Worth reading
86Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
18.38
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Oji Holdings Corporation18.38%Voting rights

listed parent company, 18.38% indirect ownership), 王子マテリア株式会社 (other affiliated company, 18.38% direct ownership

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 shareholderOji Holdings Corporation (listed parent company, 18.38% indirect ownership), 王子マテリア株式会社 (other affiliated company, 18.38% direct ownership)
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.

Oji Holdings Corporation is the wholly owning parent of 王子マテリア株式会社 and indirectly holds 18.38% of the voting rights in the Company, so it is considered the company with the greatest influence over the Company. The Company also explained that it makes decisions independently and autonomously, without constraints from the Oji Holdings Corporation group, and that its independence is sufficiently ensured.

How to read this page

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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 | Sasatoku Printing Co.,Ltd. (3958) timely disclosure | Komori