Komori
Governance6848DKK-TOA CORPORATIONElectrical Equipment and Precision Instruments

Matters Concerning Controlling Shareholders

Disclosed that Hach Company is the largest shareholder, directly holding 34.16% of the voting rights, while its parent company, Veralto Corporation, indirectly holds the same 34.16%. The Company has accepted 3 non-executive directors from the two companies, but explains that management independence is maintained.

Worth reading
86Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
34.16
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Veralto Corporation0.00%Voting rights

listed parent company, listed on the New York Stock Exchange; voting rights ownership ratio: direct 0.00%, aggregate 34.16%, total 34.16%). Hach Company is an other affiliated company, with direct ownership of 34.16%, 0.00% included in the aggregate, and a total of 34.16%.

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 directorsTotal: Not disclosed, of which outside directors: Not disclosed
Governance structure
ItemDetails
Number of directorsTotal: Not disclosed, of which outside directors: Not disclosed
Controlling shareholderVeralto Corporation (listed parent company, listed on the New York Stock Exchange; voting rights ownership ratio: direct 0.00%, aggregate 34.16%, total 34.16%). Hach Company is an other affiliated company, with direct ownership of 34.16%, 0.00% included in the aggregate, and a total of 34.16%.
Items this document does not state (6)
Corporate Governance StructureNumber 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 disclose the relationship with the controlling shareholder, etc., and the independence of the listed company. The Company explains that it determined Veralto Corporation to be the parent company, etc., with the strongest influence over the Company because it controls Hach Company as its wholly owned subsidiary and indirectly invests in the Company.

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 | DKK-TOA CORPORATION (6848) timely disclosure | Komori