Governance structure
direct ownership
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Number of directors | Of 36 officers, 3 also serve concurrently as officers of JAPAN POST HOLDINGS Co.,Ltd.; 7 outside directors (total number of directors: Not disclosed) |
| Number of independent officers | 7 |
| Controlling shareholder | JAPAN POST HOLDINGS Co.,Ltd., parent company, voting rights ownership ratio of 49.76% (direct ownership) |
| Changes this time | Changes from the previous report: Not disclosed |
Items this document does not state (4)
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 explained that, by belonging to the parent company group, it can make use of the group's brand strength and achieve synergies through collaboration among group companies, while being subject to additional procedures under the Postal Service Privatization Act and restrictions on product design. To ensure the fairness of transactions, it cited the arm's-length rule under the Insurance Business Act, preliminary reviews, reviews by specialist departments, post-transaction reviews, and resolutions by the Board of Directors, including outside directors, on material transactions.