Governance structure
other affiliated company; voting rights ownership ratio: 33.48%) and Nippon Yusen Kabushiki Kaisha (other affiliated company; voting rights ownership ratio: 18.58%
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 | 13 officers (breakdown of directors: Not disclosed) |
| Controlling shareholder | There is no controlling shareholder or parent company. NIPPON STEEL CORPORATION (other affiliated company; voting rights ownership ratio: 33.48%) and Nippon Yusen Kabushiki Kaisha (other affiliated company; voting rights ownership ratio: 18.58%) |
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.NIPPON STEEL CORPORATION is the largest shareholder and a major customer of the Company's group, while Nippon Yusen Kabushiki Kaisha is a major shareholder and shares vessels with the Company. The Company also explained that sales to the NIPPON STEEL CORPORATION Group account for approximately 44.1% of total sales, and that production and sales trends may affect its operating results.