Governance structure
other affiliated company; voting rights included in aggregate: 42.93%; total: 42.93%; no direct ownership
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.
| Item | Details |
|---|---|
| Controlling shareholder | HIKARI TSUSHIN,INC. (other affiliated company; voting rights included in aggregate: 42.93%; total: 42.93%; no direct ownership) |
Items this document does not state (7)
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.Although HIKARI TSUSHIN,INC. does not directly hold our voting rights, it owns 42.93% through its subsidiaries, etc., and therefore has substantial influence. Accordingly, it is classified as an other affiliated company. We recognize that our independence is maintained because this does not prevent us from making independent management decisions and imposes no business restrictions.