Komori
Governance7979SHOFU INC.Electrical Equipment and Precision Instruments

Matters Concerning Controlling Shareholders

Mitsui Chemicals,Inc. is the largest shareholder and an other affiliated company holding 20.13% of the voting rights. The company has disclosed that 1 executive of Mitsui Chemicals,Inc. has become an outside director and that it has accepted 1 employee on secondment, while explaining that important matters are decided by the Board of Directors and that a certain degree of independence is maintained.

Worth reading
44Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20.13
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
Mitsui Chemicals,Inc.20.13%Voting rights

an other affiliated company, not a listed parent company). Voting rights ownership ratio: direct ownership 20.13%, amount subject to aggregation –, total 20.13%

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.

Number of directorsTotal: 9 directors; outside directors: Not disclosed
Changes this time

No changes from the previous report are described.

Governance structure
ItemDetails
Number of directorsTotal: 9 directors; outside directors: Not disclosed
Controlling shareholderMitsui Chemicals,Inc. (an other affiliated company, not a listed parent company). Voting rights ownership ratio: direct ownership 20.13%, amount subject to aggregation –, total 20.13%
Changes this timeNo changes from the previous report are described.
Items this document does not state (5)
Corporate Governance StructureNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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.

The company continues its business and capital alliance with Mitsui Chemicals,Inc. and its subsidiaries to strengthen its business capabilities in the dental materials sector and enhance international competitiveness, among other objectives.

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 | SHOFU INC. (7979) timely disclosure | Komori