Komori
Governance7695Reform Technology,Inc.Retail

Matters Concerning Controlling Shareholders

Disclosed the voting rights ownership ratios of controlling shareholder Kurihara Sho (栗原 将) and the policy for protecting minority shareholders in transactions with the controlling shareholder. The company states that it has no transactions with the controlling shareholder.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
59.97
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Kurihara Sho15.47%Voting rights

栗原 将) (controlling shareholder; directly owned: 15.47%; included in aggregate ownership: 44.51%; total: 59.97%. The shares are not listed.

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.

Governance structure
ItemDetails
Controlling shareholderKurihara Sho (栗原 将) (controlling shareholder; directly owned: 15.47%; included in aggregate ownership: 44.51%; total: 59.97%. The shares are not listed.)
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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 ensure that, if transactions are conducted with the controlling shareholder, they are carried out on appropriate terms equivalent to those of ordinary transactions, and that the Board of Directors sufficiently deliberates the reasons for and necessity of the transactions, as well as the appropriateness of their terms and decision-making methods, so as not to harm the interests of minority shareholders.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | Reform Technology,Inc. (7695) timely disclosure | Komori