Governance structure
parent company); voting rights ownership ratio: 65.67% directly, 1.56% on an aggregated basis, 67.23% in total
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 |
|---|---|
| Number of directors | 11 directors (including 1 outside director, as can be inferred from the main text; the total number of outside directors is not explicitly stated) |
| Committee | Independent Officer Meeting (more than half composed of independent outside directors and outside corporate auditors) |
| Controlling shareholder | AEON CO.,LTD. (parent company); voting rights ownership ratio: 65.67% directly, 1.56% on an aggregated basis, 67.23% in total |
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 seeks to leverage synergies within the parent company group, including joint procurement and supply chain development, while operating its business based on its own independent management decisions. The concurrent service of officers and employees of the parent company and its group is intended to strengthen the Company's management and audit systems by reflecting their extensive experience and expertise. Minority shareholder protection is based on transactions conducted at market prices, reporting to and oversight by the Board of Directors, including independent outside directors, and the review of material transactions by the Independent Officer Meeting.