Governance structure
other affiliated company, voting rights ownership 28.9%, direct ownership —, aggregate ownership 28.9%, Tokyo Stock Exchange Prime Market
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.
| Item | Details |
|---|---|
| Controlling shareholder | Sumitomo Mitsui Financial Group,Inc. (other affiliated company, voting rights ownership 28.9%, direct ownership —, aggregate ownership 28.9%, Tokyo Stock Exchange Prime Market) |
Items this document does not state (7)
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 has entered into a capital and business alliance agreement to conduct joint business in the payment and financial services fields for B2B and B2C businesses. The parties have agreed to respect the Company's management philosophy, management policies, autonomy and independence. The Company states that it determined that the experience and expertise of outside directors in the financial and payment industries would contribute to enhancing corporate value.