Komori
Governance8304Aozora Bank,Ltd.Banks

Matters Concerning Controlling Shareholders

Disclosed that Daiwa Securities Group Inc. is the largest shareholder, holds 23.92% of the voting rights, and is an equity-method affiliate, as well as the capital and business alliance with the Bank, its right to nominate outside directors, and mechanisms to ensure independence. No specific changes from the previous report are stated in the document.

Worth reading
44Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
23.92
Voting rights ownership ratio (%)
Wording
Definitive
How definitive the wording is.

Governance structure

Controlling shareholder
Daiwa Securities Group Inc.23.92%Voting rights

Other Affiliated Company; not a listed parent company), with a 23.92% voting rights ownership ratio (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.

Number of directors9 in total, including 6 outside directors
Changes this time

No changes from the previous report are stated

Governance structure
ItemDetails
Number of directors9 in total, including 6 outside directors
Controlling shareholderDaiwa Securities Group Inc. (Other Affiliated Company; not a listed parent company), with a 23.92% voting rights ownership ratio (direct ownership)
Changes this timeNo changes from the previous report are stated
Items this document does not state (5)
Corporate Governance StructureNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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 integrate the businesses of the two groups and enhance corporate value under the capital and business alliance with Daiwa Securities Group Inc., while ensuring the fairness of transactions and the independence of management.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | Aozora Bank,Ltd. (8304) timely disclosure | Komori