Governance structure
voting rights ownership ratio of 23.62%, including holdings subject to aggregation) and Marubeni Corporation (20.03%
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.
Following a third-party allotment of shares and the transfer of the Company's common shares by Mizuho Financial Group,Inc., its voting rights ownership ratio is expected to decline to 14.91%. Equity-method accounting is expected to remain applicable.
| Item | Details |
|---|---|
| Number of directors | 12 directors in total, including 5 independent outside directors |
| Number of independent officers | 5 (independent outside directors) |
| Committee | Nomination and Compensation Committee. Independent outside directors constitute a majority. |
| Controlling shareholder | Not a controlling shareholder or parent company, but the following other affiliated companies: Mizuho Financial Group,Inc. (voting rights ownership ratio of 23.62%, including holdings subject to aggregation) and Marubeni Corporation (20.03%) |
| Changes this time | Following a third-party allotment of shares and the transfer of the Company's common shares by Mizuho Financial Group,Inc., its voting rights ownership ratio is expected to decline to 14.91%. Equity-method accounting is expected to remain applicable. |
Items this document does not state (3)
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.In addition to its voting rights ownership ratio, Mizuho Financial Group,Inc. is deemed to have the greatest influence on the Company's business operations due to its capital and business alliance and other factors. Under capital and business alliances with both companies, the Company states that it will use their customer bases and networks to strengthen its existing businesses, create new business opportunities and enhance corporate value.