Governance structure
largest shareholder; 33.4% equity interest
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.
Outside director Wakabayashi Yoshiyuki (若林嘉幸) will retire, and outside corporate auditor Ubukata Toru (生方徹) will resign. Iida Kenichi (飯田健一) will be submitted to the general meeting of shareholders as a candidate for new outside director, and Taka Junichi (髙淳一) as a candidate for new outside corporate auditor.
| Item | Details |
|---|---|
| Number of independent officers | 3 (Shimizu Ryokan (清水良寛), Iida Kenichi (飯田健一), and Fujita Noriaki (藤田典明)) |
| Controlling shareholder | NIPPON STEEL CORPORATION (largest shareholder; 33.4% equity interest) |
| Changes this time | Outside director Wakabayashi Yoshiyuki (若林嘉幸) will retire, and outside corporate auditor Ubukata Toru (生方徹) will resign. Iida Kenichi (飯田健一) will be submitted to the general meeting of shareholders as a candidate for new outside director, and Taka Junichi (髙淳一) as a candidate for new outside corporate auditor. |
Items this document does not state (5)
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.Outside director Wakabayashi Yoshiyuki (若林嘉幸) will retire and outside corporate auditor Ubukata Toru (生方徹) will resign upon the conclusion of the annual general meeting of shareholders to be held on 26 June 2026. In addition, proposals will be submitted to the same meeting to appoint Iida Kenichi (飯田健一) as a new outside director and Taka Junichi (髙淳一) as a new outside corporate auditor.