Governance structure
other affiliated company), voting rights ratio 40.3% (direct ownership 40.3%, aggregated ownership —
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 | 8 directors, including Not disclosed outside directors |
| Controlling shareholder | 都築木材株式会社 (other affiliated company), voting rights ratio 40.3% (direct ownership 40.3%, aggregated ownership —) |
| 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.To explain the business relationship with 都築木材株式会社 and the status of interlocking directorships. The report also explains that directors who assumed office from that company bring their broad experience as managers and knowledge of the timber business to the Company's overall management.