Governance structure
parent company; voting rights ownership ratio: 64.55%; directly owned: 64.55%
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 |
|---|---|
| Number of directors | 7 directors, of whom the number of outside directors is not disclosed |
| Controlling shareholder | AEON CO.,LTD. (parent company; voting rights ownership ratio: 64.55%; directly owned: 64.55%) |
Items this document does not state (6)
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 make use of the parent company group's combined capabilities and pursue synergies through joint procurement and supply chain efficiencies, while operating the Company's business based on its own management decisions. With respect to the protection of minority shareholders, transactions with the parent company and group companies are negotiated on the same basis as ordinary market transactions, in order to enhance the Company's corporate value and maximize benefits for all of the Company's shareholders.