Komori
Governance5391A&A Material CorporationConstruction and Materials

Matters Concerning Controlling Shareholders

The company disclosed TAIHEIYO CEMENT CORPORATION as an other affiliated company, together with its voting rights ownership ratio, relationship with the company and transaction details. TAIHEIYO CEMENT CORPORATION is the largest shareholder, with a 20.63% voting rights ratio, but the company is not its subsidiary and is classified as an equity-method affiliate.

Worth reading
39Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20.63
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
TAIHEIYO CEMENT CORPORATION20.47%Voting rights

other affiliated company; voting rights ownership ratio: 20.47% directly, 0.16% included in the aggregate, for a total of 20.63%. The company is not a subsidiary of TAIHEIYO CEMENT CORPORATION, but an affiliate (equity-method affiliate)

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.

Governance structure
ItemDetails
Controlling shareholderTAIHEIYO CEMENT CORPORATION (other affiliated company; voting rights ownership ratio: 20.47% directly, 0.16% included in the aggregate, for a total of 20.63%. The company is not a subsidiary of TAIHEIYO CEMENT CORPORATION, but an affiliate (equity-method affiliate))
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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.

The company explained that TAIHEIYO CEMENT CORPORATION's group management is based on respecting the autonomy of each group company, and that transactions have little impact on the independence of the company's business activities. Accordingly, the company has maintained its independence from TAIHEIYO CEMENT CORPORATION.

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 | A&A Material Corporation (5391) timely disclosure | Komori