Governance structure
indirect ownership: 39.49%), JFE Steel Corporation (direct ownership: 27.63%), Mizuho Leasing Company,Limited (direct ownership: 20.04%
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.
Disclosed the status of controlling shareholders, personnel relationships and relationships concerning the Company's management decisions. No details of changes from the previous disclosure are provided.
| Item | Details |
|---|---|
| Controlling shareholder | JFE Holdings, Inc. (indirect ownership: 39.49%), JFE Steel Corporation (direct ownership: 27.63%), Mizuho Leasing Company,Limited (direct ownership: 20.04%) |
| Changes this time | Disclosed the status of controlling shareholders, personnel relationships and relationships concerning the Company's management decisions. No details of changes from the previous disclosure are provided. |
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.JFE Holdings, Inc. explained that it has control over the Company through JFE Steel Corporation, which directly owns the Company's voting rights and is wholly owned by JFE Holdings, making JFE Holdings the company with the greatest influence over the Company. It also stated that, for matters necessary from a risk management perspective, the Company will consult with and report to JFE Steel Corporation and Mizuho Leasing Company,Limited in advance before making its own management decisions.