Komori
Governance5282GEOSTR CorporationConstruction and Materials

Matters Concerning Controlling Shareholders

Reported that NIPPON STEEL CORPORATION is the parent company holding 45.0% of the voting rights, together with the capital, business and personnel relationships, measures to ensure independence, and measures to protect minority shareholders. No specific changes from the previous report are stated.

Worth reading
57In focus
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
45
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
NIPPON STEEL CORPORATION41.60%Voting rights

parent company); voting rights ownership of 41.6% directly and 3.4% indirectly, for a total of 45.0%

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 directors6 directors, of whom the number of outside directors is not disclosed
Changes this time

No changes from the previous report are described.

Governance structure
ItemDetails
Number of directors6 directors, of whom the number of outside directors is not disclosed
Controlling shareholderNIPPON STEEL CORPORATION (parent company); voting rights ownership of 41.6% directly and 3.4% indirectly, for a total of 45.0%
Changes this timeNo changes from the previous report are described.
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.

To report the capital, business and personnel relationships with NIPPON STEEL CORPORATION, the controlling shareholder, as well as the company's independence from its parent company and the status of minority shareholder protection.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
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 | GEOSTR Corporation (5282) timely disclosure | Komori