Governance structure
other affiliated company, listed on the Tokyo Stock Exchange Prime Market); voting rights ownership ratio: direct 36.08%, subject to aggregation 0%, total 36.08%
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 | Total: Not disclosed; of which outside directors: 1 (total unknown) |
| Controlling shareholder | Mitsubishi Electric Corporation (other affiliated company, listed on the Tokyo Stock Exchange Prime Market); voting rights ownership ratio: direct 36.08%, subject to aggregation 0%, total 36.08% |
| 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.The Company intends to continue its cooperative relationship with Mitsubishi Electric Corporation while clearly separating their respective roles as manufacturer and distributor. Transaction terms are determined through negotiations between the two companies based on market price trends, and the Company recognizes that the independence of its management decisions and business activities is secured.