Governance structure
Company with an Audit & Supervisory BoardThe company holds cross-shareholdings to maintain stronger financial relationships with its principal relationship banks. Concordia Financial Group, Ltd.: 54,100 shares, balance-sheet carrying amount of ¥53.083 million, ownership ratio of 0.005%. The Chiba Bank, Ltd.: 10,000 shares, balance-sheet carrying amount of ¥13.990 million, ownership ratio of 0.001%. No policy for reducing these holdings or record of reductions in the number of holdings or their value is disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 7 directors (including 3 outside directors) |
| Policy on cross-shareholdings | The company holds cross-shareholdings to maintain stronger financial relationships with its principal relationship banks. Concordia Financial Group, Ltd.: 54,100 shares, balance-sheet carrying amount of ¥53.083 million, ownership ratio of 0.005%. The Chiba Bank, Ltd.: 10,000 shares, balance-sheet carrying amount of ¥13.990 million, ownership ratio of 0.001%. No policy for reducing these holdings or record of reductions in the number of holdings or their value is disclosed. |
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.The company explains that it holds the cross-shareholdings to maintain stronger financial relationships with its principal relationship banks, because the holdings are economically rational and the impact of the ownership ratios is immaterial.