Komori
Governance9890MAKIYA CO.,LTD.Retail

Matters Concerning Controlling Shareholders

The company decided to conduct a self-tender offer for its shares, dispose of treasury shares through a third-party allotment to KOBE BUSSAN CO.,LTD., and enter into a capital and business alliance. As a result, 株式会社マキリ is expected to cease to be the largest shareholder, which is a major shareholder, and an other affiliated company, while KOBE BUSSAN CO.,LTD. is expected to become the largest shareholder, which is a major shareholder.

Worth reading
78Important
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
43.42
Voting rights ownership ratio (%)
Wording
Conditional
How definitive the wording is.

Governance structure

Controlling shareholder
Controlling shareholder: 株式会社マキリ43.42%Voting rights

other affiliated company), with a voting rights ownership ratio of 43.42% (43.42% held directly and 0.00% included in the aggregate). However, the main text describes it as an other affiliated company, not a controlling shareholder.

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.

Changes this time

As a result of the transaction, 株式会社マキリ is expected to cease to be the largest shareholder, which is a major shareholder, and an other affiliated company, while KOBE BUSSAN CO.,LTD. is expected to become the largest shareholder, which is a major shareholder. Changes involving the largest shareholder, which is a major shareholder, and other affiliated companies are therefore expected.

Governance structure
ItemDetails
Controlling shareholderControlling shareholder: 株式会社マキリ (other affiliated company), with a voting rights ownership ratio of 43.42% (43.42% held directly and 0.00% included in the aggregate). However, the main text describes it as an other affiliated company, not a controlling shareholder.
Changes this timeAs a result of the transaction, 株式会社マキリ is expected to cease to be the largest shareholder, which is a major shareholder, and an other affiliated company, while KOBE BUSSAN CO.,LTD. is expected to become the largest shareholder, which is a major shareholder. Changes involving the largest shareholder, which is a major shareholder, and other affiliated companies are therefore expected.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defenses

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, because 株式会社マキリ and the company have different business activities, there is no risk of the company's business activities being impeded. For details of the reasons for carrying out the transaction, the company directs readers to a separately published notice.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Matters Concerning Controlling Shareholders | MAKIYA CO.,LTD. (9890) timely disclosure | Komori