Governance structure
Company with an Audit and Supervisory Committeeother affiliated company), voting rights ownership ratio of 27.07% (27.07% directly owned, 0.00% subject to aggregation, for a total of 27.07%). Unlisted. The text also states a voting rights ratio of 32.79%.
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.
This filing states only the number of directors, not how many of them are outside directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total number 10 / Of which, outside Not disclosed |
| Controlling shareholder | 株式会社IAT (other affiliated company), voting rights ownership ratio of 27.07% (27.07% directly owned, 0.00% subject to aggregation, for a total of 27.07%). Unlisted. The text also states a voting rights ratio of 32.79%. |
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.IAT provides automotive-related development support in the Chinese market, and its business differs from that of the Company. The Company stated that it determined the appointment of a director serving concurrently at IAT would contribute to its growth strategy and mobility business through the industry knowledge and contacts gained from managing IAT, as well as knowledge of automotive development and manufacturing and management capabilities.