Governance structure
Company with an Audit and Supervisory Committeeother affiliated company, direct ownership: 21.26%, aggregated ownership: 0.00%, total: 21.26%; listed on the Prime Market of the Tokyo Stock Exchange
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Audit and Supervisory Committee (proportion of outside members: Not disclosed) |
| Controlling shareholder | WACOAL HOLDINGS CORP. (other affiliated company, direct ownership: 21.26%, aggregated ownership: 0.00%, total: 21.26%; listed on the Prime Market of the Tokyo Stock Exchange) |
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.The company explained that, while sharing its management philosophy with the Wacoal Group, it conducts its own business operations and is completely independent in its management. It also stated that the company requested the appointment of the Outside Director to strengthen its audit and supervisory functions relating to compliance and corporate governance.