FamilyMart

Matters Regarding Controlling Shareholder, Etc.

May 28, 2020

This document is an English translation of a statement written initially in Japanese.

The Japanese original should be considered as the primary version.

FamilyMart Co., Ltd.

(Code No. 8028, Tokyo Stock Exchange, 1st Section)

Representative Director and President: Takashi Sawada

 

Matters Regarding Controlling Shareholder, Etc.

 

1. Name of parent company, controlling shareholder (excluding parent company), or other affiliated company and their parent company, etc.

                                                     (As of February 29, 2020)

Company Name

Relationship

Ownership of Voting Rights (%)

Financial Instruments Exchange, Etc., on Which Shares Are Listed

Direct

Ownership to Be Added

Total

ITOCHU Corporation

Parent company

41.56

8.80

50.36

First Section of Tokyo Stock Exchange, Inc.

 

2. Position of the Company in the corporate group of the parent company, etc., and relationship between the Company and parent company, etc.

ITOCHU Corporation (“ITOCHU”) holds 50.36% (including indirect ownership) of the voting rights of the Company, and the Company is a subsidiary of ITOCHU. With a view to further enhancing its corporate value, the Company will make effective use of ITOCHU’s network and other resources. While it receives advice and other forms of support on commodity supply systems from ITOCHU, the Company makes management decisions and conducts business activities on its own. Accordingly, the Company believes that it has ensured independence from its parent company.

 

Moreover, there are no executives in the Company who concurrently serve as an executive at ITOCHU.

 

3. Matters regarding transactions with controlling shareholder, etc.

There are no important matters requiring particular mention.

 

4. Measures for protecting minority shareholders in the event of transactions, etc., with parent company

When engaging in transactions with parent company ITOCHU and its Group companies, the Company negotiates and decides transaction conditions, etc., in the same manner as it would with standard transactions in order to maintain a certain degree of independence as a listed company and prevent conflict of interests with minority shareholders.

Top of page