Governance structure
Company with an Audit & Supervisory Boardparent company; voting rights ownership ratio: 50.46% directly, 0.17% included in the consolidated total, for a total of 50.63%
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 7 (including 4 outside directors) |
| Number of independent officers | 6 (4 independent outside directors and 2 independent outside Audit & Supervisory Board members) |
| Committee | Special Committee (comprising all independent outside directors and independent outside Audit and Supervisory Board members; 100% of its members are outside members) |
| Controlling shareholder | Daido Steel Co.,Ltd. (parent company; voting rights ownership ratio: 50.46% directly, 0.17% included in the consolidated total, for a total of 50.63%) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (2)
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 transactions with the parent company group, personnel and capital relationships, business-related constraints and independence, and the implementation status of measures to protect minority shareholders.