Independence and protection of minority shareholders in relation to conflicts of interest with the parent company
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As of the end of September 2023, the company’s parent, CyberAgent,Inc., held 51.32% (6,485,000 shares) of the company’s total issued shares.」
The company has reconfirmed its status as a consolidated subsidiary in which the parent company holds 51.32%. The framework under which appropriate terms for important transactions are discussed at the independent officers’ meeting remains in place. - FY2021MitigatedAnnual report
「As of October 2021, advances of server usage fees had been eliminated. The company is also continuing efforts to eliminate other transactions unrelated to server usage fees.」
Regarding transactions with the parent company, advances of server usage fees have been eliminated, and the company is working to eliminate other transactions as well. The framework under which the terms of important transactions are discussed at the independent officers’ meeting remains in place. - FY2020RestatedAnnual report
「In transactions with the parent company group, there is a risk of conflicts of interest with general shareholders. Accordingly, for particularly important transactions, the independent officers’ meeting, consisting solely of independent officers, discusses whether appropriate transaction terms have been secured.」
The parent company’s voting interest was 55.58%, and the company has reconfirmed the framework under which appropriate terms for important transactions are discussed at the independent officers’ meeting. - FY2019First statedAnnual report
「In transactions with the parent company group, there is a risk of conflicts of interest with general shareholders. Accordingly, for particularly important transactions, the independent officers’ meeting, consisting solely of independent officers, discusses whether appropriate transaction terms have been secured.」
The parent company held 78.1% of the voting rights. The company described oversight through the independent officers’ meeting, compensation advisory committee and nomination advisory committee.