Komori
Governance5563Nippon Denko Co.,Ltd.Iron & Steel, Nonferrous Metals

Matters Concerning Controlling Shareholders

Reported that NIPPON STEEL CORPORATION is an "Other Affiliated Company" of the Company, together with its voting rights ratio and business relationships. No new corporate organizational structure or changes to the governance system were reported.

Worth reading
50Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
25.3
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
NIPPON STEEL CORPORATION25.30%Voting rights

Other Affiliated Company), voting rights ratio 25.3% (directly 24.3%, indirectly 1.0%

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.

Changes this time

Report on matters concerning controlling shareholders, etc. No changes from the previous report were stated.

Governance structure
ItemDetails
Controlling shareholderNIPPON STEEL CORPORATION (Other Affiliated Company), voting rights ratio 25.3% (directly 24.3%, indirectly 1.0%)
Changes this timeReport on matters concerning controlling shareholders, etc. No changes from the previous report were stated.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber 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.

Regarding the relationship with NIPPON STEEL CORPORATION, the two companies agreed in February 2010 to further strengthen their mutual alliance in order to enhance both companies' competitiveness and increase corporate value, after which NIPPON STEEL CORPORATION acquired shares in the Company.

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 | Nippon Denko Co.,Ltd. (5563) timely disclosure | Komori