Komori
Governance4360MANAC Chemical Partners Co.,LtdMaterials and Chemicals

Matters Concerning Controlling Shareholders

The company reported on its capital relationship and transaction status with TOSOH CORPORATION, as well as the implementation status of measures to protect minority shareholders. TOSOH CORPORATION is an other affiliated company that directly holds 19.72% of the company's voting rights and 20.10% on an aggregate basis.

Worth reading
50Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20.1
Percentage of voting rights held (%; aggregated)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
TOSOH CORPORATION19.72%Voting rights

other affiliated company; voting rights ownership ratio: 19.72% directly held, 0.38% included in the aggregate calculation, total 20.10%

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.

Governance structure
ItemDetails
Controlling shareholderTOSOH CORPORATION (other affiliated company; voting rights ownership ratio: 19.72% directly held, 0.38% included in the aggregate calculation, total 20.10%)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber 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 provide information on matters concerning the controlling shareholder, etc. relating to TOSOH CORPORATION. Regarding the protection of minority shareholders, the company explained that transaction terms are determined after comprehensively considering contractual terms, market prices and other factors, in the same manner as transactions with companies that have no capital relationship with the company.

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 | MANAC Chemical Partners Co.,Ltd (4360) timely disclosure | Komori