Governance structure
other affiliated company; voting rights ownership ratio: 38.5%; no listed exchange). The company is a subsidiary of TOYOTA MOTOR CORPORATION.
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 | 7 directors, including 1 outside director (3 statutory auditors) |
| Controlling shareholder | 中央精機株式会社 (other affiliated company; voting rights ownership ratio: 38.5%; no listed exchange). The company is a subsidiary of TOYOTA MOTOR CORPORATION. |
Items this document does not state (6)
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 capital and personal relationships, concurrent service of directors and officers, business relationships, and status of ensuring independence from controlling shareholders, etc.