Komori
Governance6125OKAMOTO MACHINE TOOL WORKS,LTD.Machinery

Matters Concerning Controlling Shareholders

MITSUI & CO.,LTD. is an other affiliated company holding 30.33% of the voting rights of the Company. The Company disclosed the concurrent positions held by officers and its acceptance of secondees. It stated that there are no material transactions.

Worth reading
86Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
30.33
Voting rights ownership (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
MITSUI & CO.,LTD.30.33%Voting rights

other affiliated company, voting rights ownership ratio: 30.33%

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.

Number of directorsThe disclosure states that there is 1 full-time director and 1 part-time outside director, but the total number of directors is Not disclosed
Changes this time

Changes from the previous report: Not disclosed

Governance structure
ItemDetails
Number of directorsThe disclosure states that there is 1 full-time director and 1 part-time outside director, but the total number of directors is Not disclosed
Controlling shareholderMITSUI & CO.,LTD. (other affiliated company, voting rights ownership ratio: 30.33%)
Changes this timeChanges from the previous report: Not disclosed
Items this document does not state (5)
Corporate Governance StructureNumber 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.

The acceptance of secondees from MITSUI & CO.,LTD. is intended to strengthen the Group's overall management control framework and business divisions. The concurrent position held by the outside director is expected to contribute to management oversight and stronger corporate governance.

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 | OKAMOTO MACHINE TOOL WORKS,LTD. (6125) timely disclosure | Komori