Governance structure
other affiliated company), voting rights ownership ratio 21.36% (direct ownership 21.36%, combined ownership -
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | 1 outside director (total: Not disclosed) |
| Controlling shareholder | ULVAC, Inc. (other affiliated company), voting rights ownership ratio 21.36% (direct ownership 21.36%, combined ownership -) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (5)
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 states that the non-executive director seconded from ULVAC, Inc. provides information on industry trends and management advice, while the part-time Audit & Supervisory Board member is intended to enhance the objectivity and neutrality of management oversight. It also explains that mutual cooperation and trademark use have enhanced the cooperative relationship, as well as product recognition, reliability and corporate credibility.