Governance structure
other affiliated company; voting rights ownership ratio: 36.9% directly, 2.2% subject to aggregation, 39.1% in total). From 1 April 2026 onward, Muninova Holdings Inc. will be the wholly owning parent of アイフル株式会社 and will qualify as the parent company of the Company's other affiliated company. Voting rights ratio: Not disclosed
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 filing states only the number of directors, not how many of them are outside directors.
Muninova Holdings Inc. was established on 1 April 2026 and became the wholly owning parent of アイフル株式会社. Other changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Number of directors | Total number 8 independent officers / Outside Not disclosed |
| Controlling shareholder | アイフル株式会社 (other affiliated company; voting rights ownership ratio: 36.9% directly, 2.2% subject to aggregation, 39.1% in total). From 1 April 2026 onward, Muninova Holdings Inc. will be the wholly owning parent of アイフル株式会社 and will qualify as the parent company of the Company's other affiliated company. Voting rights ratio: Not disclosed |
| Changes this time | Muninova Holdings Inc. was established on 1 April 2026 and became the wholly owning parent of アイフル株式会社. Other changes from the previous report: Not disclosed |
Items this document does not state (5)
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 states that the directors dispatched by アイフル株式会社 have extensive experience and broad knowledge in corporate management, finance, and the card industry, which the Company intends to utilize. The resolution to support the tender offer and recommend that shareholders tender their shares is based on the assumption that Muninova Holdings Inc. will make the Company its wholly owned subsidiary through the tender offer and other measures, and that the Company's shares will be delisted.