Governance structure
parent company as of 31 March 2026; voting rights ownership ratio: 40.41%), and 株式会社アリスタゴラ・アドバイザーズ (parent company as of 31 March 2026; combined voting rights ownership ratio: 40.41%). Both ceased to be parent companies as of 7 May 2026 and, as of 21 August 2026, are classified as other affiliated companies, with a combined voting rights ownership ratio of 37.74%.
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.
Both ceased to be parent companies as of 7 May 2026 and, as of 21 August 2026, became classified as other affiliated companies. The voting rights ownership ratio changed from 40.41% to 37.74%.
| Item | Details |
|---|---|
| Committee | Compensation committee (percentage of outside members: not disclosed) |
| Controlling shareholder | バリューアップ・ファンド投資事業有限責任組合 (parent company as of 31 March 2026; voting rights ownership ratio: 40.41%), and 株式会社アリスタゴラ・アドバイザーズ (parent company as of 31 March 2026; combined voting rights ownership ratio: 40.41%). Both ceased to be parent companies as of 7 May 2026 and, as of 21 August 2026, are classified as other affiliated companies, with a combined voting rights ownership ratio of 37.74%. |
| Changes this time | Both ceased to be parent companies as of 7 May 2026 and, as of 21 August 2026, became classified as other affiliated companies. The voting rights ownership ratio changed from 40.41% to 37.74%. |
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 denominator used to calculate the voting rights ownership ratio increased because the number of voting rights increased as a result of the issuance of new shares and other securities through a third-party allotment announced on 16 April 2026, and the exercise of share acquisition rights. The document provides no further explanation of why they ceased to be parent companies.