Governance structure
Company with an Audit and Supervisory Committeeparent company), voting rights ownership ratio: 56.99%
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 |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Special Committee: 4 members in total, comprising 3 external attorneys and 1 independent director who is an Audit and Supervisory Committee member. Outside members account for 75% of the committee when the external attorneys are included as outside members. |
| Controlling shareholder | RIZAP Group, Inc. (parent company), voting rights ownership ratio: 56.99% |
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 develop the business while maintaining a cooperative relationship with the parent company. As a basic policy for transactions with the parent company, the Company applies terms equivalent to those of transactions with third parties to ensure that the interests of minority shareholders are not harmed, and the Special Committee reviews the details of transactions and agreements.