Governance structure
other affiliated company); voting rights ownership ratio: 13.58% held directly, 9.03% included in the combined total, for a total of 22.62%. It is not a controlling shareholder or parent company.
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 | Total: 9 directors, of whom the number of outside directors is Not disclosed |
| Controlling shareholder | Hankyu Hanshin Holdings,Inc. (other affiliated company); voting rights ownership ratio: 13.58% held directly, 9.03% included in the combined total, for a total of 22.62%. It is not a controlling shareholder or parent company. |
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.Because Hankyu Hanshin Holdings,Inc. qualifies as an other affiliated company, the status of the relationship and the implementation of measures to protect minority shareholders are disclosed.