Komori
Governance6190PhoenixBio Co.,Ltd.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

三和澱粉工業株式会社 was listed as an “other affiliated company” holding a combined 47.13% of the voting rights in the Company, through direct and indirect ownership. The Company explains that there are no business constraints imposed by the parent company, etc., and no transactions with controlling shareholders, etc.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
47.13
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
三和澱粉工業株式会社47.13%Voting rights

other affiliated company), total voting rights ownership ratio: 47.13% (31.35% directly owned, 12.61% included in the aggregate, with the 3.17% indirect ownership ratio shown separately

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.

Governance structure
ItemDetails
Controlling shareholder三和澱粉工業株式会社 (other affiliated company), total voting rights ownership ratio: 47.13% (31.35% directly owned, 12.61% included in the aggregate, with the 3.17% indirect ownership ratio shown separately)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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 explains that it has no business transactions or personnel relationships with 三和澱粉工業株式会社 and that its independence is secured because there are no constraints on its business activities.

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 | PhoenixBio Co.,Ltd. (6190) timely disclosure | Komori