Governance structure
Company with an Audit and Supervisory CommitteeWhen 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 filing states only the number of directors, not how many of them are outside directors.
The concurrent positions held by officers as of 25 March 2026 are stated. 2 directors concurrently serve as officers or employees of M3,Inc. It is not stated whether this represents a change from the previous report.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total number 10 / Of which, outside Not disclosed |
| Committee | Name Special committee / Percentage of outside members Composed of independent directors |
| Controlling shareholder | Name M3,Inc. / Voting rights ratio 55.02％ |
| Changes this time | The concurrent positions held by officers as of 25 March 2026 are stated. 2 directors concurrently serve as officers or employees of M3,Inc. It is not stated whether this represents a change from the previous report. |
Items this document does not state (3)
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.M3,Inc. owns 55.02% of the voting rights in the Company. Important transactions and actions that could give rise to conflicts of interest between the parent company and minority shareholders are referred to a special committee composed of independent directors, and the Board of Directors makes decisions while respecting the committee's recommendations.