Komori
Governance7231TOPY INDUSTRIES,LIMITEDAutomobiles and transportation equipment

Matters Concerning Controlling Shareholders

Reported that NIPPON STEEL CORPORATION is an “other affiliated company” holding 23.0% of the Company’s voting rights, and disclosed its relationship with the Company and the Company’s independence. The Company stated that there is no new management control or governance agreement.

Worth reading
54Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
23
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
NIPPON STEEL CORPORATION23.00%Voting rights

other affiliated company), voting rights ownership ratio 23.0% (direct ownership: 22.1%; aggregate ownership: 0.9%

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.

Governance structure
ItemDetails
Controlling shareholderNIPPON STEEL CORPORATION (other affiliated company), voting rights ownership ratio 23.0% (direct ownership: 22.1%; aggregate ownership: 0.9%)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber 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.

The Company explained its business alliance with NIPPON STEEL CORPORATION and its relationship as an equity-method affiliate, stating that NIPPON STEEL CORPORATION holds approximately 20% of the voting rights, that the two companies do not share management policies or strategies, and that the Company makes its own management decisions. Accordingly, the Company stated that its independence is ensured.

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 | TOPY INDUSTRIES,LIMITED (7231) timely disclosure | Komori