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Governance6617TAKAOKA TOKO CO.,LTD.Electrical Equipment and Precision Instruments

Matters Concerning Controlling Shareholders

Disclosed the capital, personnel and business relationships with 東京電力パワーグリッド株式会社 and its wholly owning parent, Tokyo Electric Power Company Holdings,Incorporated. 東京電力パワーグリッド株式会社 holds 35.2% of the voting rights, and there are 36 secondees and 2 concurrently serving officers from the parent company, etc.

Worth reading
85Important
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
35.2
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Controlling shareholder
東京電力パワーグリッド株式会社35.20%Voting rights

directly 35.2%), Tokyo Electric Power Company Holdings,Incorporated (35.2% included on an aggregate basis; wholly owning parent of 東京電力パワーグリッド株式会社

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.

Number of directors10 directors (at least one-third are outside directors; the number of outside directors is not specified)
Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Number of directors10 directors (at least one-third are outside directors; the number of outside directors is not specified)
Controlling shareholder東京電力パワーグリッド株式会社 (directly 35.2%), Tokyo Electric Power Company Holdings,Incorporated (35.2% included on an aggregate basis; wholly owning parent of 東京電力パワーグリッド株式会社)
Items this document does not state (5)
Number 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.

The company explains that Tokyo Electric Power Company Holdings,Incorporated has the greatest influence among the parent companies, etc., because it is the wholly owning parent of 東京電力パワーグリッド株式会社, which directly owns voting rights in the company. The concurrently serving officers draw on their experience and knowledge of the electric power industry, corporate management, auditing, and financial accounting, while the secondees are assigned to matters including the formulation of technology strategies, strengthening corporate functions, and handling meter-related operations.

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Matters Concerning Controlling Shareholders | TAKAOKA TOKO CO.,LTD. (6617) timely disclosure | Komori