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Governance8439Tokyo Century CorporationFinancials (excluding banks)

Matters Concerning Controlling Shareholders

The Company disclosed that ITOCHU Corporation is an other affiliated company holding 29.96% of the Company's voting rights, as well as the relationship between ITOCHU Corporation and the Company. The Company has accepted 14 secondees from ITOCHU Corporation, but none concurrently serve as officers, and explained that transactions are conducted through individual negotiations based on the Company's independent judgment.

Worth reading
86Important
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
29.96
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
ITOCHU Corporation, percentage of voting rights held: 29.96%29.96%Voting rights

directly held: 29.96%; subject to aggregation: -). Other affiliated company. Listed on the Tokyo Stock Exchange Prime Market.

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.

Governance structure
ItemDetails
Controlling shareholderITOCHU Corporation, percentage of voting rights held: 29.96% (directly held: 29.96%; subject to aggregation: -). Other affiliated company. Listed on the Tokyo Stock Exchange Prime Market.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesChanges this time

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 provide information on matters concerning controlling shareholders, etc. The Company explained that it accepts secondees from ITOCHU Corporation as personnel who can serve as immediately effective resources to supplement the execution of its business.

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 | Tokyo Century Corporation (8439) timely disclosure | Komori