Governance structure
other affiliated company), direct ownership: 20.84%; ownership subject to aggregation: 0.00%; total: 20.84%. Its shares are listed on the Tokyo Stock Exchange, Nagoya Stock Exchange and 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.
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.
| Item | Details |
|---|---|
| Number of directors | 3 outside directors (total: Not disclosed) |
| Number of independent officers | 3 outside directors and 2 outside corporate auditors, for a total of 5 |
| Controlling shareholder | FUJI ELECTRIC CO.,LTD. (other affiliated company), direct ownership: 20.84%; ownership subject to aggregation: 0.00%; total: 20.84%. Its shares are listed on the Tokyo Stock Exchange, Nagoya Stock Exchange and Fukuoka Stock Exchange. |
Items this document does not state (5)
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.To disclose matters concerning controlling shareholders, etc. From the perspective of protecting general shareholders, the Company appoints highly independent outside directors and outside corporate auditors to enhance the objectivity, soundness and transparency of decision-making. Transaction terms with FUJI ELECTRIC CO.,LTD. are negotiated and determined on each occasion based on quotations, as in ordinary transactions, with reference to prevailing market conditions and other factors.