Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
The descriptions of the reasons for appointing the independent officers were expanded, and the status of transactions with Nippon Paper Industries Co.,Ltd., the employer of Sano Takanori (佐野 孝典), and its shareholding in the Company were added.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of independent officers | 5 |
| Controlling shareholder | No controlling shareholder or parent company is reported. Nippon Paper Industries Co.,Ltd. is a major shareholder and held 19,659,892 shares as of the end of March 2026, representing 27.12% of the Company's total shares issued. |
| Changes this time | The descriptions of the reasons for appointing the independent officers were expanded, and the status of transactions with Nippon Paper Industries Co.,Ltd., the employer of Sano Takanori (佐野 孝典), and its shareholding in the Company were added. |
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.This is a voluntary filing to update the information, expand the descriptions of the reasons for appointing the independent officers, and update the status of transactions with the employers of non-independent officers.