Governance structure
parent company; voting rights ownership ratio: 65.78% directly, 0.06% subject to aggregation, 65.85% 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.
| Item | Details |
|---|---|
| Number of directors | 8 directors in total, including 3 outside directors |
| Controlling shareholder | GMO Internet Group, Inc. (parent company; voting rights ownership ratio: 65.78% directly, 0.06% subject to aggregation, 65.85% in total) |
Items this document does not state (6)
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 matters concerning the controlling shareholder, etc. The company cited customer acquisition and enhanced credibility through use of the parent company's brand as benefits, while also explaining that the parent company's creditworthiness and changes in its policies could have an impact. To protect minority shareholders, it cited independent decision-making, the appointment of outside directors, regular reviews of transaction terms, and the use of valuation reports from third-party valuation institutions.