Governance structure
parent company; voting rights ownership ratio: 48.23% held directly, 1.76% included in the calculation, 49.99% in total
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.
Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Number of directors | 10 directors in total, including 5 outside directors |
| Committee | Transactions and Other Matters Review Committee, composed entirely of independent outside directors. The Nominating and Compensation Committee: not disclosed |
| Controlling shareholder | AEON CO.,LTD. (parent company; voting rights ownership ratio: 48.23% held directly, 1.76% included in the calculation, 49.99% in total) |
| Changes this time | Changes from the previous report: Not disclosed |
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.To disclose matters concerning controlling shareholders, etc. The company explained that executive officers and others of AEON CO.,LTD. serve as its directors to deepen cooperation with the parent company and incorporate its management perspective. To protect minority shareholders, the company compares transactions with transactions conducted with third parties, determines terms based on general transaction terms, refers matters to the Transactions and Other Matters Review Committee in advance, and obtains approval from the Board of Directors.