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Governance4839WOWOW INC.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

FUJI MEDIA HOLDINGS,INC. and TBSホールディングス are identified as other affiliated companies, and their capital relationships with the Company and concurrent directorships have been disclosed. Following the third-party allotment of shares to NTT DOCOMO, the shareholding ratios of both companies are expected to decline.

Worth reading
49Recurring
Scored from 1 of 5 sections
Direction
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Wording
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Governance structure

Controlling shareholder
There is no controlling shareholder or parent company. The other affiliated companies are FUJI MEDIA HOLDINGS,INC.20.92%Voting rights

voting rights ownership ratio: 20.92%) and TBSホールディングス (16.03%).

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.

Number of directorsTotal: 10 (outside directors: Not disclosed)
Changes this time

Following the third-party allotment of shares to NTT DOCOMO, scheduled for payment on 1 October 2026, FUJI MEDIA HOLDINGS,INC.'s shareholding ratio is expected to be 20.33% and TBSホールディングス' is expected to be 15.58%.

Governance structure
ItemDetails
Number of directorsTotal: 10 (outside directors: Not disclosed)
Controlling shareholderThere is no controlling shareholder or parent company. The other affiliated companies are FUJI MEDIA HOLDINGS,INC. (voting rights ownership ratio: 20.92%) and TBSホールディングス (16.03%).
Changes this timeFollowing the third-party allotment of shares to NTT DOCOMO, scheduled for payment on 1 October 2026, FUJI MEDIA HOLDINGS,INC.'s shareholding ratio is expected to be 20.33% and TBSホールディングス' is expected to be 15.58%.
Items this document does not state (5)
Corporate Governance StructureNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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.

FUJI MEDIA HOLDINGS,INC. has the highest voting rights ownership ratio in the Company. The concurrently serving directors are expected to apply to the Company's management the knowledge and management experience they have developed at other companies in the same industry.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | WOWOW INC. (4839) timely disclosure | Komori