Komori
Governance8056BIPROGY Inc.Information and Communications, Services and Others

Matters Concerning Controlling Shareholders

Dai Nippon Printing Co.,Ltd. is an other affiliated company that holds 21.46% of BIPROGY’s shares, and the company disclosed its policies for managing the relationship and transactions between the two companies. The disclosure also states that 1 of the 9 directors concurrently serves as an officer of Dai Nippon Printing Co.,Ltd.

Worth reading
52Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
21.46
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Dai Nippon Printing Co.,Ltd.21.46%Voting rights

other affiliated company; voting rights ownership ratio: 21.46%; directly owned: 21.46%; included in combined total: 0%

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, of whom the number of outside directors is Not disclosed
Governance structure
ItemDetails
Number of directorsTotal: 9 directors, of whom the number of outside directors is Not disclosed
Controlling shareholderDai Nippon Printing Co.,Ltd. (other affiliated company; voting rights ownership ratio: 21.46%; directly owned: 21.46%; included in combined total: 0%)
Items this document does not state (6)
Corporate Governance StructureNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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 leverage the business relationship with Dai Nippon Printing Co.,Ltd. and the expertise of its officers. The company states that it maintains independence in its own management decisions and that transactions will be reported to or approved by the Board of Directors in accordance with established standards.

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 | BIPROGY Inc. (8056) timely disclosure | Komori