Komori
Governance6473JTEKT CorporationAutomobiles and transportation equipment

Matters Concerning Controlling Shareholders

The company disclosed its voting rights ownership ratio, business relationships and concurrent directorship arrangements with TOYOTA MOTOR CORPORATION as an other related company. TOYOTA MOTOR CORPORATION holds 24.3% of the voting rights, and 42.7% of the company's revenue is generated from transactions with its group.

Worth reading
100Important
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
24.3
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
TOYOTA MOTOR CORPORATION24.30%Voting rights

other related company, voting rights ownership ratio: 24.3%, directly held: 24.3%, included in aggregate: 0.0%

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 shareholderTOYOTA MOTOR CORPORATION (other related company, voting rights ownership ratio: 24.3%, directly held: 24.3%, included in aggregate: 0.0%)
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 inform investors of matters concerning controlling shareholders, etc. The company recognizes that a certain degree of independence is secured because, although the high proportion of sales to the TOYOTA MOTOR CORPORATION group means that its business performance may be affected by the group's sales trends and other factors, the company also conducts broad-based transactions with other automakers and operates its business based on its own management strategy.

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 | JTEKT Corporation (6473) timely disclosure | Komori