Governance structure
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
Tsutsui Toshimitsu (筒井俊光) and Maruyama Ichiro (丸山一郎) are newly designated as independent officers, and Tatsumi Kohei (辰己光平)'s designation as an independent officer is rescinded.
| Item | Details |
|---|---|
| Number of independent officers | 6 (Tanima Makoto (谷間真), Ueda Shuhei (植田修平), Tsutsui Toshimitsu (筒井俊光), Tanigawa Kenichi (谷川健一), Kawaguchi Yoji (川口洋司), and Maruyama Ichiro (丸山一郎)) |
| Controlling shareholder | Dai Nippon Printing Co.,Ltd. is listed as a major shareholder, holding 1,795,000 shares, but there is no statement that it is a controlling shareholder or parent company, and no voting rights ratio is provided. |
| Changes this time | Tsutsui Toshimitsu (筒井俊光) and Maruyama Ichiro (丸山一郎) are newly designated as independent officers, and Tatsumi Kohei (辰己光平)'s designation as an independent officer is rescinded. |
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.Tsutsui Toshimitsu (筒井俊光) and Maruyama Ichiro (丸山一郎) are designated because they meet the Tokyo Stock Exchange's criteria for independent officers. Tatsumi Kohei (辰己光平)'s designation is rescinded because the amount and share of transactions with Dai Nippon Printing Co.,Ltd., where Tatsumi Kohei (辰己光平) is employed, increased in fiscal 2025, and further growth in business transactions is expected, taking the independence requirements into consideration.