Governance structure
Company with an Audit and Supervisory Committeeexcluding the Company's subsidiaries), among others, are listed as major shareholders, but whether they qualify as controlling shareholders or a parent company, and their voting rights ratios, are Not disclosed.
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.
As a general rule, the Company does not hold shares of listed companies. However, it may exceptionally hold shares in companies that play an important role in its business or whose ownership is judged to contribute to sustainable growth and improvements in corporate value over the medium to long term. The Board of Directors regularly verifies the purpose and benefits of the holdings, their risks, and their consistency with the cost of capital, and discloses the details of its verification. Number of holdings and amount: Not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The report states that the policy was revised on 27 June 2025, but the specific changes from the previous report are Not disclosed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Nomination and Compensation Advisory Committee (independent outside directors constitute a majority, and the chair is also an independent outside director) |
| Policy on cross-shareholdings | As a general rule, the Company does not hold shares of listed companies. However, it may exceptionally hold shares in companies that play an important role in its business or whose ownership is judged to contribute to sustainable growth and improvements in corporate value over the medium to long term. The Board of Directors regularly verifies the purpose and benefits of the holdings, their risks, and their consistency with the cost of capital, and discloses the details of its verification. Number of holdings and amount: Not disclosed. |
| Controlling shareholder | ENEOS Holdings,Inc. and its subsidiaries (excluding the Company's subsidiaries), among others, are listed as major shareholders, but whether they qualify as controlling shareholders or a parent company, and their voting rights ratios, are Not disclosed. |
| Changes this time | The report states that the policy was revised on 27 June 2025, but the specific changes from the previous report are Not disclosed. |
Items this document does not state (3)
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.To enhance the soundness and transparency of management, strengthen and maintain the management base, and achieve sustainable growth and improvements in corporate value over the medium to long term.