Governance structure
other affiliated company, voting rights ownership percentage: 22.17%, indirect ownership); 光通信株式会社 (other affiliated company, direct ownership: 8.10%, amount included on a combined basis: 14.07%, total: 22.17%
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.
The Company disclosed matters concerning controlling shareholders, etc. No changes from the previous report were stated.
| Item | Details |
|---|---|
| Controlling shareholder | HIKARI TSUSHIN,INC. (other affiliated company, voting rights ownership percentage: 22.17%, indirect ownership); 光通信株式会社 (other affiliated company, direct ownership: 8.10%, amount included on a combined basis: 14.07%, total: 22.17%) |
| Changes this time | The Company disclosed matters concerning controlling shareholders, etc. No changes from the previous report were stated. |
Items this document does not state (6)
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.光通信株式会社 is a consolidated subsidiary of HIKARI TSUSHIN,INC. and is in a position that could influence the Company's management decisions. However, the Company recognizes that a certain degree of independence is secured because it is not subject to restrictions from 光通信株式会社 in its business activities or management decisions and makes decisions based on its own management policies.