Komori
Governance5609NIPPON CHUZO K.K.Iron and steel and non-ferrous metals

Matters Concerning Controlling Shareholders

Disclosed the status of the controlling shareholders and the relationship and transaction details involving JFE Steel Corporation, a major shareholder, and its wholly owned parent company, JFE Holdings, Inc. The Company explained that management makes decisions independently, without instructions from or approval by its parent companies, etc.

Worth reading
67In focus
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
36.2
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
JFE Holdings, Inc.36.20%Voting rights

JFE Steel Corporation's wholly owned parent company; percentage of voting rights held: 36.2%), JFE Steel Corporation (percentage of voting rights held: 36.2%

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 shareholderJFE Holdings, Inc. (JFE Steel Corporation's wholly owned parent company; percentage of voting rights held: 36.2%), JFE Steel Corporation (percentage of voting rights held: 36.2%)
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.

JFE Holdings, Inc. controls JFE Steel Corporation as its wholly owned parent company and is therefore the company with the greatest influence over the Company. The Company also explained that it makes decisions independently, without relying on instructions from or approval by its parent companies, etc., and maintains its independence as a listed 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 CHUZO K.K. (5609) timely disclosure | Komori