Komori
Governance5950JAPAN POWER FASTENING CO.,LTD.Construction and Materials

Matters Concerning Controlling Shareholders

The company disclosed its relationship with its parent company, etc., including the fact that マルエヌ株式会社 is its largest shareholder, directly holding 27.2% of the voting rights. It explained that there are no interlocking director appointments or business restrictions and that it makes decisions independently.

Worth reading
44Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
27.2
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
マルエヌ株式会社27.20%Voting rights

other affiliated company; voting rights ownership ratio: 27.2%; direct ownership). 株式会社CAP GLOBAL (parent company of the other affiliated company; voting rights ownership ratio: 27.2%; voting rights included on an aggregate basis: 27.2%).

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.

Changes this time

The company disclosed matters concerning controlling shareholders, etc. It stated that マルエヌ株式会社 is its largest shareholder, directly owning 27.2% of its voting rights; that there are no interlocking director appointments or business restrictions; that the company makes decisions independently; and that it has no transactions with its controlling shareholders, etc.

Governance structure
ItemDetails
Controlling shareholderマルエヌ株式会社 (other affiliated company; voting rights ownership ratio: 27.2%; direct ownership). 株式会社CAP GLOBAL (parent company of the other affiliated company; voting rights ownership ratio: 27.2%; voting rights included on an aggregate basis: 27.2%).
Changes this timeThe company disclosed matters concerning controlling shareholders, etc. It stated that マルエヌ株式会社 is its largest shareholder, directly owning 27.2% of its voting rights; that there are no interlocking director appointments or business restrictions; that the company makes decisions independently; and that it has no transactions with its controlling shareholders, etc.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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.

マルエヌ株式会社 is the company's largest shareholder because it directly owns 27.2% of the company's voting rights.

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 | JAPAN POWER FASTENING CO.,LTD. (5950) timely disclosure | Komori