Matters relating to controlling shareholders, etc.
June 19, 2024news release IR
1. Parent company and controlling shareholder (excluding parent company. ) or the trade name etc. of other affiliated companies
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2. Positioning of listed companies in corporate groups such as parent companies Other relationships between listed companies and parent companies, etc.
(1) Our position in corporate groups such as parent companies
Toyota Motor Corporation is an “other affiliated company” (such other company if the Company is an affiliate of another company) that owns 24.69% of our voting rights.
We sell products such as automobiles and engines to Toyota Motor Corporation, and our sales ratio to that company is 39.8%.
(2) Business restrictions, risks, and benefits due to belonging to an enterprise group such as a parent company
Toyota Motor Corporation owns 24.69% of our voting rights, but there are no restrictions on approval matters from the company in carrying out business activities.
Note that since the sales amount for the current fiscal year is 39.8% of our total sales, there is a possibility that our operating results will be affected depending on the company's automobile sales trends.
(3) The way of thinking about securing a certain degree of independence from parent companies, etc., and measures for that purpose
Regarding the terms of transaction with Toyota Motor Corporation and the policy for determining transaction terms, etc., sales of automobiles, engines, etc. are presented taking into account total costs and transaction prices with third parties, and decisions are made after price negotiations every fiscal year. Also, transaction terms other than the transaction price are determined under the same conditions as transactions with third parties.
Also, the purchase of parts for automobiles, engines, etc., is decided after price negotiations every term, taking into account the prices presented and transaction prices with third parties. Also, transaction conditions other than the transaction price are determined under the same conditions as transactions with third parties.
(4) The way of thinking about securing a certain degree of independence from parent companies, etc., and measures for that purpose
There are no business restrictions from Toyota Motor Corporation, and we are carrying out our own business activities, and we believe that a certain degree of independence from the company has been secured.
3. Matters relating to transactions with controlling shareholders, etc.
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