Governance structure
parent company; voting rights ownership ratio: 1.20% directly, 56.54% included in the aggregate, 57.74% in total; Prime Market of the Tokyo Stock Exchange). SBI Asset Management Group Co., Ltd. is also a parent company, major shareholder and largest shareholder (43.87%), and is a wholly owned subsidiary of SBI Holdings, Inc.
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.
No changes from the previous report are stated.
| Item | Details |
|---|---|
| Number of directors | 5 directors in total, including 3 outside directors (this refers to the directors; there are 8 officers overall) |
| Controlling shareholder | SBI Holdings, Inc. (parent company; voting rights ownership ratio: 1.20% directly, 56.54% included in the aggregate, 57.74% in total; Prime Market of the Tokyo Stock Exchange). SBI Asset Management Group Co., Ltd. is also a parent company, major shareholder and largest shareholder (43.87%), and is a wholly owned subsidiary of SBI Holdings, Inc. |
| Changes this time | No changes from the previous report are stated. |
Items this document does not state (5)
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.SBI Holdings, Inc. directly holds 1.20% of the voting rights in the company and, through its subsidiaries and other entities, holds an aggregate 57.74%, placing it in a position to control the company. The company therefore describes SBI Holdings, Inc. as the parent company with the greatest influence over it. To protect minority shareholders, transactions with the parent company group are conducted on the same basic terms and at fair market prices as transactions with other business partners, and are subject to confirmation through internal audits and audits by the audit and supervisory committee members.