Governance structure
other affiliated company; voting rights ownership ratio: 21.9%
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.
| Item | Details |
|---|---|
| Controlling shareholder | HONDA MOTOR CO.,LTD. (other affiliated company; voting rights ownership ratio: 21.9%) |
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.It was explained that the company maintains an ongoing, close cooperative relationship with HONDA MOTOR CO.,LTD. while conducting its business independently and autonomously, and that its independence is therefore assured because it is not subject to business-related constraints. The terms of transactions for product sales are determined after individual quotations are submitted and price negotiations are conducted.