Governance structure
Company with an Audit and Supervisory Committeeother affiliated company; voting rights ownership ratio: 37.84%, comprising 35.61% held directly and 2.23% held in aggregate
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Controlling shareholder | FREESIA MACROSS CORPORATION (other affiliated company; voting rights ownership ratio: 37.84%, comprising 35.61% held directly and 2.23% held in aggregate) |
| 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 receives broad cooperation and advice from FREESIA MACROSS CORPORATION. The concurrent directorships are intended to reflect and utilize in the Company's management the broad knowledge, extensive experience, strong leadership and execution capabilities of the directors as business managers. Regarding the protection of minority shareholders, the Company explains that transactions are conducted on appropriate terms equivalent to those of general transactions, while new transactions are deliberated and decided by the Board of Directors after examining the appropriateness of their content and terms.