Governance structure
Company with an Audit and Supervisory Committeedirect ownership: 56.71%; amount subject to aggregation: —
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.
As of 26 December 2025 (deemed acquisition date: 31 December 2025), List Finder of Innovation X Solutions was integrated into our company, and as of 30 September 2025, the advertising distribution business, including SHANON Ad Cloud, changed from our company to Innovation & Co.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Audit and Supervisory Committee (proportion of outside members: Not disclosed) |
| Controlling shareholder | Innovation Inc., voting rights ownership ratio of 56.71% (direct ownership: 56.71%; amount subject to aggregation: —) |
| Changes this time | As of 26 December 2025 (deemed acquisition date: 31 December 2025), List Finder of Innovation X Solutions was integrated into our company, and as of 30 September 2025, the advertising distribution business, including SHANON Ad Cloud, changed from our company to Innovation & Co. |
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.To optimize the overall business portfolio of the parent company group, use management resources more efficiently, maximize synergies, improve profitability by separating loss-making businesses, and concentrate management resources on core businesses.