Governance structure
other affiliated company; aggregate voting rights ownership: 31.18%; directly owned: —; included in aggregate: 31.18%
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.
| Item | Details |
|---|---|
| Controlling shareholder | HIKARI TSUSHIN,INC. (other affiliated company; aggregate voting rights ownership: 31.18%; directly owned: —; included in aggregate: 31.18%) |
Items this document does not state (7)
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.HIKARI TSUSHIN,INC. indirectly holds shares in the company through HIKARI TSUSHIN,INC. and its joint holders and is recognized as having substantial influence. The company believes that it operates its business and makes management decisions independently and that its independence from the other affiliated company is assured.