Governance structure
stated in the body as the ownership ratio of the Company's voting rights
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 is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
Notification due to the submission of proposals to elect outside officers at the Annual General Meeting of Shareholders. Koizumi Koichi (小泉浩一) is newly appointed, while Yamada Koutoku (山田公徳) is subject to a correction/change.
| Item | Details |
|---|---|
| Number of directors | Total: 4, including 4 outside directors (the number listed as outside directors) |
| Number of independent officers | 4 |
| Controlling shareholder | KANEMATSU CORPORATION, with 26.53% of the voting rights (stated in the body as the ownership ratio of the Company's voting rights) |
| Changes this time | Notification due to the submission of proposals to elect outside officers at the Annual General Meeting of Shareholders. Koizumi Koichi (小泉浩一) is newly appointed, while Yamada Koutoku (山田公徳) is subject to a correction/change. |
Items this document does not state (4)
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.Because proposals to elect outside officers will be submitted to the Annual General Meeting of Shareholders. It was determined that each candidate is expected to use their specialized knowledge, experience and insight to monitor and supervise the directors and provide recommendations, and that there is no risk of a conflict of interest with general shareholders.