Komori
Governance5484Tohoku Steel Co.,Ltd.Iron & Steel, Nonferrous Metals

Matters Concerning Controlling Shareholders

Daido Steel Co.,Ltd. and HIKARI TSUSHIN,INC. were listed as our other affiliated companies, with an explanation of each company's percentage of voting rights held, business relationships, personnel relationships and our independence.

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50Recurring
Scored from 2 of 5 sections
Direction
Neutral
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Wording
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Governance structure

Controlling shareholder
Daido Steel Co.,Ltd.34.34%Voting rights

other affiliated company, 34.34% of voting rights held), HIKARI TSUSHIN,INC. (other affiliated company, 22.02% of voting rights held [indirect ownership]

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 shareholderDaido Steel Co.,Ltd. (other affiliated company, 34.34% of voting rights held), HIKARI TSUSHIN,INC. (other affiliated company, 22.02% of voting rights held [indirect ownership])
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.

To disclose matters concerning controlling shareholders, etc. Daido Steel Co.,Ltd. is designated as the company with the greatest influence because it is our largest shareholder and has business relationships involving the sale and purchase of products, the purchase of raw materials and other transactions, as well as personnel relationships.

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 | Tohoku Steel Co.,Ltd. (5484) timely disclosure | Komori