Governance structure
other affiliated company, 40.8% voting rights ownership), HIKARI TSUSHIN,INC. (parent company of the other affiliated company, 40.8% voting rights ownership; listed on the Prime Market of the Tokyo Stock Exchange
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 |
|---|---|
| Controlling shareholder | 株式会社ＥＰＡＲＫ (other affiliated company, 40.8% voting rights ownership), HIKARI TSUSHIN,INC. (parent company of the other affiliated company, 40.8% voting rights ownership; listed on the Prime Market of the Tokyo Stock Exchange) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (6)
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 amount of royalty payments decreased because the number of users acquired independently by the Company, rather than through EPARK members, increased, and the royalty rate continued to be reduced at each fiscal year-end. In addition, the Company built its own internal LAN in June 2025 and gradually discontinued its use of 株式会社ＥＰＡＲＫ's internal LAN, resulting in a substantial decrease in usage fee payments.