Worth reading
86Important
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
54.25
Voting rights ownership ratio (%)Wording
Definitive
How definitive the wording is.Governance structure
Company with an Audit and Supervisory CommitteeControlling shareholder
Daido Steel Co.,Ltd.47.95%Voting rights
parent company); voting rights ownership ratio: 47.95% directly, 6.30% subject to aggregation, for a total of 54.25%.
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.
Number of directors12 directors (the number of outside directors is Not disclosed; 5 are Audit and Supervisory Committee members)
Committee2
Governance Committee (outside officers constitute a majorityand an outside director serves as chair). The committee's formal organizational structure and the percentage of outside members are 非開示.
Changes this time
Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 12 directors (the number of outside directors is Not disclosed; 5 are Audit and Supervisory Committee members) |
| Committee | Governance Committee (outside officers constitute a majority, and an outside director serves as chair). The committee's formal organizational structure and the percentage of outside members are Not disclosed. |
| Controlling shareholder | Daido Steel Co.,Ltd. (parent company); voting rights ownership ratio: 47.95% directly, 6.30% subject to aggregation, for a total of 54.25%. |
| Changes this time | Changes from the previous report: Not disclosed |
Items this document does not state (3)
Number of independent officersPolicy on cross-shareholdingsTakeover defenses
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 relationship with and transaction status involving the parent company, and to report on the implementation of measures to protect minority shareholders.
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.