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Governance3962CHANGE Holdings,Inc.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

SBI Holdings, Inc. was disclosed as an other affiliated company, with the disclosure stating that it holds 37.12% of the Company’s voting rights. Although the Company has a capital and business alliance with SBI Holdings and certain officers serve concurrently at both companies, it explained that the Company makes management decisions independently and maintains a certain degree of independence.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
37.12
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
SBI Holdings, Inc.37.12%Voting rights

other affiliated company), voting rights ownership ratio: 37.12% (direct ownership: 37.12%; amount subject to aggregation: 0.00%). Listed market: Tokyo Stock Exchange Prime Market.

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 shareholderSBI Holdings, Inc. (other affiliated company), voting rights ownership ratio: 37.12% (direct ownership: 37.12%; amount subject to aggregation: 0.00%). Listed market: Tokyo Stock Exchange Prime Market.
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 entered into a capital and business alliance agreement with the SBI Group in March 2022 to leverage their respective strengths and achieve regional revitalization by supporting the revitalization of financial institutions, local governments and regional companies.

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 | CHANGE Holdings,Inc. (3962) timely disclosure | Komori