Governance structure
29.78% on an aggregate basis, listed) and Sumitomo Mitsui Banking Corporation (28.53% direct ownership, 1.25% on an aggregate basis, 29.78% in total).
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 | The Company has no controlling shareholder. Its other affiliated companies are Sumitomo Mitsui Financial Group,Inc. (29.78% on an aggregate basis, listed) and Sumitomo Mitsui Banking Corporation (28.53% direct ownership, 1.25% on an aggregate basis, 29.78% in total). |
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.Sumitomo Mitsui Banking Corporation is a wholly owned subsidiary of Sumitomo Mitsui Financial Group,Inc., and Sumitomo Mitsui Financial Group,Inc. is the company that has the greatest influence on the Company. The Company also explained that, while maintaining collaboration, transactions, and personnel and capital relationships with the SMBC Group, it has secured a certain degree of management independence through its own management decisions.