Governance structure
other affiliated company; direct ownership of 16.8%). SoftBank Group Corp., SoftBank Group Japan Corporation, SoftBank Corp., A Holdings Corporation, LY Corporation and Z Holdings Intermediate Corporation are also listed as other affiliated companies, each with a voting rights ownership ratio of 16.8% (16.8% in combined ownership in each case).
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 stated.
| Item | Details |
|---|---|
| Controlling shareholder | ZOZO, Inc. (other affiliated company; direct ownership of 16.8%). SoftBank Group Corp., SoftBank Group Japan Corporation, SoftBank Corp., A Holdings Corporation, LY Corporation and Z Holdings Intermediate Corporation are also listed as other affiliated companies, each with a voting rights ownership ratio of 16.8% (16.8% in combined ownership in each case). |
| Changes this time | No changes from the previous report are stated. |
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 company explained that ZOZO, Inc. has a significant influence on its decision-making because it has dispatched 1 director to the company and directly holds 16.8% of the voting rights. To protect minority shareholders, the company stated that it will confirm the economic rationale, appropriateness and other aspects of related-party transactions and obtain approval from the Board of Directors to ensure the soundness and propriety of such transactions.