Governance structure
other affiliated company), voting rights ownership ratio: 19.9% (direct ownership: 19.9%; amount included 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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
| Item | Details |
|---|---|
| Number of independent officers | 3 (independent outside directors) |
| Committee | Joint Committee (PGA: Profit and Growth for All), ratio of outside members: Not disclosed |
| Controlling shareholder | Sojitz Corporation (other affiliated company), voting rights ownership ratio: 19.9% (direct ownership: 19.9%; amount included in aggregate: —) |
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.To realize business synergies between the two companies through the capital and business alliance with Sojitz Corporation, and to pursue mutual business expansion and enhancement of corporate value. In addition, to establish a structure that enables the Company to conduct independent management decision-making and business activities while maintaining its cooperative relationship with Sojitz.