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Governance5446HOKUETSU METAL Co.,Ltd.Iron & Steel, Nonferrous Metals

Matters Concerning Controlling Shareholders

The company disclosed that TOPY INDUSTRIES,LIMITED is an other affiliated company holding 35.11% of the company’s voting rights (33.78% directly and 1.33% subject to aggregation), as well as its transactions and personnel ties with the company.

Worth reading
85Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
35.11
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
TOPY INDUSTRIES,LIMITED35.11%Voting rights

other affiliated company; voting rights ownership ratio: 35.11%, comprising 33.78% directly and 1.33% subject to aggregation

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 was not disclosed)
Governance structure
ItemDetails
Number of directors6 directors (of whom the number of outside directors was not disclosed)
Controlling shareholderTOPY INDUSTRIES,LIMITED (other affiliated company; voting rights ownership ratio: 35.11%, comprising 33.78% directly and 1.33% subject to aggregation)
Items this document does not state (6)
Corporate Governance StructureNumber 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.

To disclose the relationship qualifying as that with a controlling shareholder, etc., and the status of transactions. The company explained that, while maintaining cooperation with TOPY INDUSTRIES,LIMITED, it ensures independent management decisions and a certain degree of independence.

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 | HOKUETSU METAL Co.,Ltd. (5446) timely disclosure | Komori