Governance structure
23.78% held directly and 0.57% included in the aggregate), and Marubeni Corporation, with a voting rights ownership ratio of 22.79% held directly.
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.
| Item | Details |
|---|---|
| Controlling shareholder | The Company has no controlling shareholder or parent company. Its other affiliated companies are the National Federation of Agricultural Cooperative Associations, with a voting rights ownership ratio of 24.35% (23.78% held directly and 0.57% included in the aggregate), and Marubeni Corporation, with a voting rights ownership ratio of 22.79% held directly. |
Items this document does not state (7)
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 National Federation of Agricultural Cooperative Associations holds 24.35% of the Company's voting rights, while Marubeni Corporation holds 22.79%. The Company explains that the difference between their voting rights holdings is small and that they have the same number of directors and officers serving concurrently, so their influence on the Company is equivalent. It also states that its relationships with both companies involve no business constraints or risks, that it operates based on its own corporate activities and management policies, and that its independence is fully secured.