Governance structure
other affiliated company, 17.60% voting rights held), OPTORUN CO.,LTD. (other affiliated company, 17.60% voting rights held). Neither is listed as a controlling shareholder or parent company.
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.
| Item | Details |
|---|---|
| Controlling shareholder | TOKYO OHKA KOGYO CO.,LTD. (other affiliated company, 17.60% voting rights held), OPTORUN CO.,LTD. (other affiliated company, 17.60% voting rights held). Neither is listed as a controlling shareholder or parent company. |
Items this document does not state (7)
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 explains that TOKYO OHKA KOGYO CO.,LTD. has the greatest influence over the listed company because it is the Company's largest shareholder, holds 17.60% of the voting rights, and has one of its executive officers serving as an outside director of the Company. While the Company has collaboration and capital and business alliance relationships with both companies, it states that it has secured autonomy and a certain degree of independence in management decisions and execution through discussions at meetings of the Board of Directors, which include independent outside directors.