Governance structure
other affiliated company, voting rights ownership ratio: 24.72%, direct ownership: 24.72%, listed on the Prime Market of the Tokyo Stock Exchange); HIKARI TSUSHIN,INC. (other affiliated company, voting rights ownership ratio: 20.66%, portion included in aggregate: 20.66%, no direct ownership, listed on the Prime Market of the Tokyo Stock Exchange
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | 7 directors, including 1 outside director (to the extent confirmed from the list of officers and notes in the main text) |
| Controlling shareholder | TOSOH CORPORATION (other affiliated company, voting rights ownership ratio: 24.72%, direct ownership: 24.72%, listed on the Prime Market of the Tokyo Stock Exchange); HIKARI TSUSHIN,INC. (other affiliated company, voting rights ownership ratio: 20.66%, portion included in aggregate: 20.66%, no direct ownership, listed on the Prime Market of the Tokyo Stock Exchange) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (5)
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 explained that its independence from TOSOH CORPORATION is secured because its dependence on business transactions is limited, there are no business constraints, and important matters are discussed and decisions are made by the Board of Directors. It also explained that its independence from HIKARI TSUSHIN,INC. is secured because there are no constraints on its business activities or management decisions, and decisions are made in accordance with its own management policies.