Governance structure
parent company; voting rights ownership ratio: directly held 50.70%, portion included in aggregation 0.79%, total 51.49%
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 | 9 directors, including Not disclosed outside directors |
| Number of independent officers | The disclosure states that the special committee is composed solely of independent officers, but the number is Not disclosed |
| Committee | Special committee composed solely of independent officers; the percentage of outside committee members is Not disclosed |
| Controlling shareholder | AEON CO.,LTD. (parent company; voting rights ownership ratio: directly held 50.70%, portion included in aggregation 0.79%, total 51.49%) |
Items this document does not state (4)
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 aim is to maximize group synergies through joint procurement with the parent company group and the development of a supply chain, while our group operates its business based on its own independent management decisions. Minority shareholder protection is ensured by conducting transactions on appropriate terms based on market prices in accordance with the policy governing related-party transaction management, and by having material transactions reviewed for fairness and reasonableness by a special committee composed solely of independent officers.