Relationship with and Independence from Parent Company GMO Payment Gateway
First written in FY2020. 1 of 9 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
4 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Our Group independently makes and executes decisions regarding its business development under the judgment of management led by independent officers who have no risk of conflicts of interest with general shareholders and by dedicated officers, who constitute a majority, rather than acting on the instructions of the parent company or other related parties.」
While continuing to disclose the possibility of influence by the parent company, this describes independent decision-making led by independent officers and dedicated officers constituting a majority as a mechanism for ensuring independence. - FY2025-H1Slight increase in the parent company's shareholding ratioAnnual report
「GMO Payment Gateway, Inc. 4,713,180 56.97」
As of 31 March 2025, parent company GMO Payment Gateway's shareholding ratio was 56.97%, a slight increase from the previously reported 56.51%. It continued to hold a majority. - FY2024-Q2Slight decline in the parent company's shareholding ratioAnnual report
「GMO Payment Gateway, Inc. 4,713,180 56.51」
As of 31 March 2024, parent company GMO Payment Gateway's shareholding ratio was 56.51%, a slight decline from 56.7% previously reported, but it continued to hold a majority. - FY2023MitigatedAnnual report
「Important transactions and actions involving potential conflicts of interest between the controlling shareholder and minority shareholders are deliberated and reviewed by a special committee composed of outside directors, after which the committee makes recommendations to the Board of Directors and the matters are decided.」
Parent company GMO Payment Gateway held 56.7%, maintaining a majority. At the same time, the disclosure specifies measures addressing conflicts-of-interest and independence risks, including review by a special committee composed of independent outside directors, comparisons with transaction terms offered by third parties, and decision-making led by independent officers. - FY2023-Q2Slight decline in the parent company's shareholding ratioAnnual report
「GMO Payment Gateway, Inc. 4,713,180 56.75」
As of 31 March 2023, parent company GMO Payment Gateway's shareholding ratio was 56.75%, down from the previously reported 57.05%. It nevertheless continued to hold a majority. - FY2022-Q2Slight decline in the parent company's shareholding ratioAnnual report
「GMO Payment Gateway, Inc. 2,356,590 57.05」
As of 31 March 2022, parent company GMO Payment Gateway's shareholding ratio was 57.05%, down from the previously reported 57.4%, but it continued to hold a majority. - FY2021Slight decline in the parent company's shareholding ratioAnnual report
「GMO Payment Gateway, Inc. (the "GMO-PG") is the parent company of our Group and, as of the end of September 2021, was our largest shareholder, holding 57.4% of the total number of shares issued by us.」
The parent company's shareholding ratio declined from the previously reported 57.70% to 57.4%, but it continued to hold a majority, and the potential impact on decision-making was disclosed. - FY2021-Q2Lower parent-company ownership ratioAnnual report
「GMO Payment Gateway, Inc. 2,356,590 57.70」
As of 31 March 2021, parent company GMO Payment Gateway's shareholding ratio was 57.70%, down from 59.7% at the end of the previous fiscal year. It nevertheless continued to hold a majority. - FY2020First statedAnnual report
「Even after listing, the parent company's expected shareholding will exceed 50%. As our largest shareholder, it holds decision-making or veto rights over fundamental matters and may therefore influence our decision-making.」
The parent company held 59.7% as of the end of September 2020, and the disclosure addresses the possibility of changes to management policies, future competition and conflicts of interest with general shareholders.