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Governance6564MIDAC HOLDINGS CO.,LTD.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

Disclosed that Kumagai Katsuhiro (熊谷勝弘) is the controlling shareholder, with an aggregate voting rights ownership ratio of 53.55%. Also presented measures to protect minority shareholders, including deliberation and consideration by a voluntary special committee of material transactions and acts involving conflicts of interest with the controlling shareholder.

Worth reading
92Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
53.55
Voting rights ownership ratio (%, aggregated basis)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Kumagai Katsuhiro14.95%Voting rights

熊谷勝弘), with a voting rights ownership ratio of 14.95% held directly, 38.60% subject to aggregation, and 53.55% in total

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.

Committee1
Voluntary special committee
Governance structure
ItemDetails
CommitteeVoluntary special committee (percentage of outside members: Not disclosed)
Controlling shareholderKumagai Katsuhiro (熊谷勝弘), with a voting rights ownership ratio of 14.95% held directly, 38.60% subject to aggregation, and 53.55% in total
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy 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 protect minority shareholders by conducting transactions, etc. with the controlling shareholder on appropriate terms, as with ordinary transactions, and by referring material transactions and acts involving conflicts of interest to a voluntary special committee for deliberation and consideration.

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 | MIDAC HOLDINGS CO.,LTD. (6564) timely disclosure | Komori