Conflicts of Interest with a Major Shareholder and Influence over Important Decisions
First written in FY2022. 2 of 4 entries say "Mitigated", first in FY2023. Latest entry: 2026-06-26.
53 other companies' latest entry also says "Restated".
- 2026-06-26RestatedGovernance
「As a general rule, we do not engage in transactions with a controlling shareholder. If such a transaction is expected, the Board of Directors will make a decision only after fully discussing the necessity of the transaction itself and the appropriateness of its terms, and we will work to protect minority shareholders.」
The voting interest held by Ueda Keiji is stated to total 73.24%. The company has reaffirmed its policy of generally avoiding transactions with controlling shareholders and, where such transactions occur, discussing their necessity and the appropriateness of their terms at the Board of Directors to protect minority shareholders. It states that there are no ongoing related-party transactions. - FY2024MitigatedAnnual report
「As of the filing date, Representative Director and President Ueda Keiji (上田桂司), who is also a major shareholder, owned 31.96% of the issued shares. Including the shares of the incorporated association Nichiren, which are included for aggregation purposes, the combined percentage was 73.22%. In exercising voting rights, he has a policy of pursuing the common interests of shareholders while also considering the interests of minority shareholders.」
Ueda Keiji’s ownership declined from 37.27% to 31.96%, and the combined percentage with the incorporated association Nichiren declined from 81.94% to 73.22%. - FY2023MitigatedAnnual report
「As of the filing date, Representative Director and President Ueda Keiji (上田桂司), who is also a major shareholder, owned 37.27% of the issued shares. Including the shares of the incorporated association Nichiren, which are included for aggregation purposes, the combined percentage was 81.94%.」
Ueda Keiji’s ownership declined from 38.21% to 37.27%, and the combined percentage with the incorporated association Nichiren declined from 84.74% to 81.94%. - FY2022First statedAnnual report
「As of the filing date, Representative Director and President Ueda Keiji (上田桂司), who is also a major shareholder, owned 38.21% of the issued shares. Including the shares of the incorporated association Nichiren, which are included for aggregation purposes, the combined percentage was 84.74%.」
The company states that the major shareholder’s ownership policy and voting could affect important decisions such as the appointment or dismissal of directors and business combinations.