Governance structure
other affiliated company, voting rights ownership ratio: 22.49%; directly owned: 22.49%; combined ownership subject to aggregation: —
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Controlling shareholder | HONDA MOTOR CO.,LTD. (other affiliated company, voting rights ownership ratio: 22.49%; directly owned: 22.49%; combined ownership subject to aggregation: —) |
| Changes this time | No changes from the previous report are described. |
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.HONDA MOTOR CO.,LTD. qualifies as an other affiliated company because it owns 22.49% of the voting rights. The disclosure also explains the stable relationship in terms of capital and business dealings, and that the Company makes decisions based on its own independent management judgment and maintains a certain degree of independence.