Governance structure
Company with an Audit & Supervisory Boardparent company), voting rights ownership ratio of 59.64% (direct ownership: 59.64%; ownership subject to aggregation: 0.00%
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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | Not disclosed (no total stated) |
| Number of independent officers | 5 |
| Controlling shareholder | TKP Corporation (parent company), voting rights ownership ratio of 59.64% (direct ownership: 59.64%; ownership subject to aggregation: 0.00%) |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (3)
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 states that its core business differs from that of the parent company group and that their businesses are separately managed, that their mutual cooperation enables business development and the creation of synergies, and that the company's managerial independence is secured under the capital and business alliance agreement. Measures to protect minority shareholders include conducting transactions on the same terms as ordinary transactions, complying with the rules for managing related-party transactions, deliberation and decision-making by the Board of Directors, and oversight by independent officers.