Governance structure
parent company), voting rights ratio 41.2% (direct ownership 41.2%, amount included in the combined total 0.0%
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
| Item | Details |
|---|---|
| Number of independent officers | At least 1/3 of the directors are appointed as independent outside directors (number: Not disclosed) |
| Committee | Special committee (composed of independent members) / proportion of outside members: Not disclosed |
| Controlling shareholder | COLOWIDE CO.,LTD. (parent company), voting rights ratio 41.2% (direct ownership 41.2%, amount included in the combined total 0.0%) |
Items this document does not state (5)
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 determine the terms of transactions with the controlling shareholder by comparing and reviewing prices offered by other companies, prevailing market prices and other factors, so as not to disadvantage minority shareholders. The company also verifies important transactions and other matters that may involve conflicts of interest in order to ensure independence from the controlling shareholder.