Governance structure
parent company), voting rights ownership ratio of 45.65% (direct ownership: 45.65%; amount included in the combined calculation: 0.00%
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.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Number of directors | 10 directors, including 2 who concurrently serve as officers of the parent company (the number of outside directors is not disclosed) |
| Controlling shareholder | 岡谷鋼機株式会社 (parent company), voting rights ownership ratio of 45.65% (direct ownership: 45.65%; amount included in the combined calculation: 0.00%) |
| Changes this time | No changes from the previous report are described. |
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’s policy is to develop its business while maintaining close cooperation with the parent company’s group, and transaction terms are determined reasonably through price negotiations that take prevailing market conditions into account. The concurrent positions held by 2 officers of the parent company are intended to provide advice on overall management.