Governance structure
Other Affiliated Company). Voting rights ownership ratio: 33.9% directly held, 15.6% included in the aggregate, for a total of 49.5%. Its shares are listed on the Tokyo Stock Exchange Prime Market and the Fukuoka Stock Exchange.
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 |
|---|---|
| Number of directors | 6 directors (number of outside directors: Not disclosed) |
| Controlling shareholder | TAIHEIYO CEMENT CORPORATION (Other Affiliated Company). Voting rights ownership ratio: 33.9% directly held, 15.6% included in the aggregate, for a total of 49.5%. Its shares are listed on the Tokyo Stock Exchange Prime Market and the Fukuoka Stock Exchange. |
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 reason for having 1 outside Audit & Supervisory Board member from TAIHEIYO CEMENT CORPORATION is to strengthen the audit structure. Transaction terms are determined based on unit prices proposed by the Company and in accordance with general transaction terms.