Governance structure
苗代亮達) (controlling shareholder other than the parent company), directly 12.05%, combined 41.65%, total voting rights ownership ratio 53.70%
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 | Naishiro Ryotatsu (苗代亮達) (controlling shareholder other than the parent company), directly 12.05%, combined 41.65%, total voting rights ownership ratio 53.70% |
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.The donation was received to strengthen the Company's financial base. The repayment for inappropriate expenditures consisted of ¥16 million in expenses determined by an investigation by external counsel to have been for private use and ¥42 million in investigation costs. To protect minority shareholders, the Company has established an officer structure that provides checks and balances. Transactions with controlling shareholders are to be examined and decided by the Board of Directors based on their necessity, reasonableness and the appropriateness of their terms.