Komori
Governance4341SEIRYO ELECTRIC CORPORATIONInformation and Communications, Services and Others

Matters Concerning Controlling Shareholders

Mitsubishi Electric Corporation is an other affiliated company holding 20.7% of our voting rights. The disclosure also reports the status of transactions with the company and concurrent officer positions. No changes to the governance structure or policies are described.

Worth reading
26Immaterial
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20.7
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Mitsubishi Electric Corporation20.70%Voting rights

other affiliated company), voting rights ownership ratio: 20.7% (direct ownership: 20.7%; ownership included in the aggregate: –

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.

Number of directors7 directors (of whom the number of outside directors is Not disclosed)
Governance structure
ItemDetails
Number of directors7 directors (of whom the number of outside directors is Not disclosed)
Controlling shareholderMitsubishi Electric Corporation (other affiliated company), voting rights ownership ratio: 20.7% (direct ownership: 20.7%; ownership included in the aggregate: –)
Items this document does not state (6)
Corporate Governance StructureNumber 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.

To disclose the status of controlling shareholders, etc. with respect to Mitsubishi Electric Corporation.

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 | SEIRYO ELECTRIC CORPORATION (4341) timely disclosure | Komori