Governance structure
Other Affiliated Company), voting rights ownership ratio: 24.97% (direct ownership: 24.97%; portion included in the aggregate calculation: 0.00%
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 |
|---|---|
| Controlling shareholder | HONDA MOTOR CO.,LTD. (Other Affiliated Company), voting rights ownership ratio: 24.97% (direct ownership: 24.97%; portion included in the aggregate calculation: 0.00%) |
Items this document does not state (7)
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 capital and business relationship with HONDA MOTOR CO.,LTD. and the fact that sales to the HONDA MOTOR CO.,LTD. Group account for 50.7% of consolidated net sales. The Company explained that it operates on the basis of independence in its business operations, transactions and management decisions, and has secured its independence.