Governance structure
Company with an audit & supervisory board (outside audit & supervisory board members are listed, although this is not expressly stated in the body)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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The filing was submitted because a proposal to elect outside officers will be submitted to the Annual General Meeting of Shareholders. The specific changes cannot be clearly identified from the table in the body.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an audit & supervisory board (outside audit & supervisory board members are listed, although this is not expressly stated in the body) |
| Number of directors | 3 outside directors and 2 outside audit & supervisory board members. Total number of directors: Not disclosed |
| Number of independent officers | 5 |
| Controlling shareholder | No parent company is expressly identified. Sumitomo Mitsui Financial Group,Inc. indirectly holds 28.8% of the voting rights as an other affiliated company. |
| Changes this time | The filing was submitted because a proposal to elect outside officers will be submitted to the Annual General Meeting of Shareholders. The specific changes cannot be clearly identified from the table in the body. |
Items this document does not state (3)
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.Because proposals for the election of outside officers will be submitted to the Annual General Meeting of Shareholders.