Governance structure
安川ら) hold 59.7% of the voting rights. However, the company itself has not disclosed the name of the controlling shareholder or its voting rights ratio: Not disclosed
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.
The company received shareholder proposals and, at a Board of Directors meeting held on 14 May 2026, resolved to issue an opinion opposing all 3 proposals.
| Item | Details |
|---|---|
| Controlling shareholder | The shareholder proposal states that Yasukawa et al. (安川ら) hold 59.7% of the voting rights. However, the company itself has not disclosed the name of the controlling shareholder or its voting rights ratio: Not disclosed |
| Changes this time | The company received shareholder proposals and, at a Board of Directors meeting held on 14 May 2026, resolved to issue an opinion opposing all 3 proposals. |
Items this document does not state (6)
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 company explained that, with respect to dividends, retained earnings are necessary for investment in business opportunities and financial stability, and that it is reasonable for the Board of Directors to make decisions flexibly. It stated that increasing dividends and acquiring treasury shares could constrain growth investments and impair the financial foundation and medium- to long-term corporate value, and that the acquisition of treasury shares is not feasible because the targeted shareholder has no intention of selling.