Governance structure
parent company; voting rights ownership percentage: 49.27%
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 from the previous report: Not disclosed
| Item | Details |
|---|---|
| Number of directors | 5 directors in total, including 3 outside directors |
| Committee | Special Oversight Committee (composed of independent officers). Percentage of outside committee members: Not disclosed |
| Controlling shareholder | Rakuten Group,Inc. (parent company; voting rights ownership percentage: 49.27%) |
| Changes this time | Changes from the previous report: Not disclosed |
Items this document does not state (4)
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 matters concerning controlling shareholders, etc. The company cites synergies from collaboration with Rakuten Group's customer base and services, while explaining that it has established a Special Oversight Committee composed of independent officers and a system for reviewing related-party transactions to ensure independent management decisions and protect minority shareholders.