News Releases

Matters Concerning Controlling Shareholders, etc.

Jun 25, 2024

The Company hereby announces matters concerning controlling shareholders, etc. as described below.

1．Trade name, etc., of parent company, controlling shareholder (other than the parent company), other affiliated companies or parent company of other related companies

(As of March 31, 2024)

Name	Relationship	Percentage of voting rights (%)			Stock Exchange on which shares are listed
		Direct	Indirect	Total
ITOCHU Fuji Partners, Inc.	Other affiliated company	27.03	-	27.03	-
ITOCHU Corporation	Other affiliated company	-	27.03	27.03	Tokyo Stock Exchange, Prime Market

2．Name of the company within the category of parent company, etc. that is recognized as having the greatest influence on the listed company and reason for same

ITOCHU Corporation owns 63% of ITOCHU Fuji Partners, Inc., which in turn owns 27.03% of the voting rights of the Company, thus ITOCHU Corporation is recognized as the company with the greatest influence on the Company

3．Reason for exemption from disclosure of business results information for unlisted parent company, etc.
Within the category of parent company, etc., as ITOCHU Corporation corresponds to the company with the greatest power of influence, there is no change in unlisted parent company, etc. to be disclosed.

4．Position of the listed company within the corporate group of the parent company, etc. and other relationships between the parent company, etc. and the listed company

The company is positioned in the "ICT & Financial” business segment of ITOCHU Corporation and have relationships that contribute to mutually enhancing corporate values in the sectors of space, satellite, media, and contents. Transactions between other affiliated companies and the company or its principal operating subsidiary are always examined in advance to ensure that they are not impair the common interests of shareholders and are executed only if found to be reasonable. Also, competitive transactions, conflicts of interest transactions, and personal transactions are subject to resolution by the board of directors and subsequent reporting. Although the company is not a " Corporation with Nominating Committee, etc.", the Nomination & Compensation Committee has been established which is composed of a majority of independent outside directors and chaired by an independent outside director, as an advisory body to our voluntary organization and the Board of Directors, to provide independent reports on the nomination of officers and establishment of remuneration. As a result, there are no other restrictions on business operations from other affiliated companies, and it is judged that the company’s sufficient independence is ensured.

5．Matters related to transactions with controlling shareholder

No applicable matters.