Governance structure
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | 6 directors, of whom the number of outside directors is not disclosed |
| Controlling shareholder | NIPPON STEEL CORPORATION (parent company); voting rights ownership of 41.6% directly and 3.4% indirectly, for a total of 45.0% |
| Changes this time | No changes from the previous report are described. |
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.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.