FY2023
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
3,618,480 (shares)
5,304 (million yen)
5,304 (million yen)
Numbers of issued shares and shareholders(As of December 31, 2023)
| Total number of authorized shares |
5,000,000,000 |
|---|---|
| Total number of issued shares |
2,370,512,215 |
| Number of shareholders |
16,833 |
- NPHD issued new shares through a third-party allotment to Nipsea International Limited and Fraser (HK) Limited on January 25, 2021. As a result, the total number of issued shares of NPHD increased by 148,700,000 to 474,102,443.
- Based on a resolution made at the Board of Directors meeting held on February 10, 2021, each share of common stock owned by shareholders listed or recorded in the final register of shareholders as of the record date of March 31, 2021, was split into five shares with effect from April 1, 2021. As a result, the total number of issued shares following the abovementioned issuance of new shares through a third-party allotment (474,102,443) increased by 1,896,409,772 to 2,370,512,215.
- Following the abovementioned stock split, pursuant to Article 184, Paragraph 2 of the Companies Act, on April 1, 2021, NPHD amended the total number of authorized shares prescribed in Article 6 of its Articles of Incorporation from 1,000,000,000 to 5,000,000,000.
- All shares are common stock and no class shares are issued.
- The Company has introduced a unit share system based on the provisions of the Companies Act, and shareholders have one voting right per unit (100 shares).
Distribution by Shareholder Type (number of shares held)
* Shareholding ratios are rounded to two decimal places.
Shareholder Numbers by Year (historical data)(As of December 31, 2023)
Breakdown by Investor Type (historical data)(As of December 31, 2023)
* Shareholding ratios are rounded to two decimal places.
Cross-shareholdings policy
Our cross-shareholdings policy is outlined in Corporate Governance Policy as follows:
|
|---|
In December 2023, the Board of Directors, based on the above policy, conducted a thorough review of all the Company’s shareholdings to assess the rationale for each holding. When exercising voting rights,the Company makes informed decisions guided by the aforementioned policy and internal criteria.
|
Strategic shareholdings and total balance sheet amount |
FY2020 | FY2021 | FY2022 | FY2023 |
|---|---|---|---|---|
| Total number of companies | 24 | 22 | 18 | 18 |
| (Listed companies) | 6 | 6 | 2 | 2 |
| Total balance sheet amount (Million yen) | 23,645 | 30,191 | 5,831 | 8,126 |
| (The amount for listed companies) (Million yen) | 22,704 | 29,268 | 4,834 | 7,090 |
Specified investment securities
Stock name
FY2023
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
FY2022
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
Purpose of holding*1
NPHD shareholders
Honda Motor Co., Ltd.
FY2022
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
1,206,160 (shares)
3,657 (million yen)
3,657 (million yen)
Purpose of holding*1
The company is a key customer, essential for maintaining and expanding transactions in our automotive coatings business, which includes coatings for auto bodies and plastic automotive parts. Please note that the number of shares held has increased due to a stock split.
NPHD shareholders
Yes
Mazda Motor Corporation
FY2023
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
1,172,000 (shares)
1,785 (million yen)
1,785 (million yen)
FY2022
Number of shares
Balance sheet amount
Number of shares
Balance sheet amount
1,172,000 (shares)
1,177 (million yen)
1,177 (million yen)
Purpose of holding*1
The Company is a key customer, essential for maintaining and expanding transactions in our automotive coatings business, which include coatings for auto bodies and plastic automotive parts.
NPHD shareholders
No
*1: Purpose of holding, quantitative benefits of holding, reasons for an increase in number of shares.
Major Shareholders(As of December 31, 2023)
Name
Number of shares
(thousands)
(thousands)
Shareholding
ratio (%)
ratio (%)
Name
Nipsea International Limited
Number of shares
(in thousands)
(in thousands)
1,293,030
Shareholding
ratio (%)
ratio (%)
55.05
Name
The Master Trust Bank of Japan, Ltd. (Trust Account)
Number of shares
(in thousands)
(in thousands)
157,863
Shareholding ratio (%)
6.72
Name
Fraser (HK) Limited
Number of shares
(in thousands)
(in thousands)
85,000
Shareholding
ratio (%)
ratio (%)
3.61
Name
UBS AGLB SEG AC UNTRADABLE SHARES
Number of shares
(in thousands)
(in thousands)
84,522
Shareholding
ratio (%)
ratio (%)
3.59
Name
Nippon Life Insurance Company
Number of shares
(in thousands)
(in thousands)
51,381
Shareholding
ratio (%)
ratio (%)
2.18
Name
Custody Bank of Japan Ltd. (Trust Account)
Number of shares
(in thousands)
(in thousands)
43,569
Shareholding
ratio (%)
ratio (%)
1.85
Name
GOVERNMENT OF NORWAY
Number of shares
(in thousands)
(in thousands)
28,477
Shareholding
ratio (%)
ratio (%)
1.21
Name
HSBC OVERSEAS NOMINEE (UK) LIMITED A/C PSJP
Number of shares
(in thousands)
(in thousands)
27,124
Shareholding
ratio (%)
ratio (%)
1.15
Name
HSBC - FUND SERVICES CLIENTS A/C 500
Number of shares
(in thousands)
(in thousands)
23,567
Shareholding
ratio (%)
ratio (%)
1.00
Name
BNYM TREATY DTT 15
Number of shares
(in thousands)
(in thousands)
21,007
Shareholding
ratio (%)
ratio (%)
0.89
- The Company holds 21,879,817 shares of treasury stock and is excluded from the above list of major shareholders.
- The shareholding ratio is calculated exclusive of treasury shares.
- Nipsea International Limited is a wholly owned subsidiary company of Wuthelam Holdings Limited, of which Goh Hup Jin, Director of the Company, serves as Managing Director.
- Fraser (HK) Limited is a subsidiary company of a company (W (BVI) Holdings Limited) whose majority voting rights are held by Goh Hup Jin, Director of the Company, on his own account, and falls under affiliated parties of the Company.
Stock Overview
| Account closing date | December 31 |
|---|---|
| General meeting of shareholders | March |
| Record date for shareholders | Year-end dividend: December 31 Interim dividend: June 30 |
| Shareholder registry administrator | Mitsubishi UFJ Trust and Banking Corporation Osaka Corporate Agency Division 3-6-3 Fushimi-machi, Chuo-ku, Osaka 541-8502 |
| Stock listing | Tokyo Stock Exchange |
Exercise of Shareholders' Rights
- The Company sets the appropriate schedule of a General Meeting of Shareholders in order to ensure that shareholders can attend the shareholders meeting after giving sufficient consideration to the proposals, or can exercise their voting rights before the date of the General Meeting of Shareholders.
- The Company, in order to ensure that shareholders can appropriately exercise their voting rights, shall provide accurate information including electronic disclosure of the convocation notice of the General Meeting of Shareholders and disclosure in English, and shall work on the improvement of environment for exercise of voting rights, including the use of the Electronic Voting Platform.
- The Company, in the event of a proposal submitted by the Company have an opposition rate of 20% or more, shall examine the subsequent response through the analysis at the Board of Directors of the causes and issues surrounding such significant negative votes.
- The Company, upon receipt of a request for attendance from a beneficial shareholder who owns shares under the name of, for example, a trust bank, the Company will permit the shareholder to attend the General Meeting of Shareholders (including the attendance as an observer) after conducting a reasonable identity confirmation of the shareholder.
(From our "Corporate Governance Policies")
For reference: Ratio of voting rights required for voting at the General Meeting
| Proposal | Resolution Method | Source |
|---|---|---|
| Election of Directors | The election of directors shall take place when shareholders with 1/3 or more of the votes of shareholders entitled to exercise their votes are in attendance, by a majority decision of said votes. Cumulative voting shall not be applied for the election of directors. | Article 341 of the Companies Act Articles 21 [2] and 21 [3] of the Company’s Articles of Incorporation |
| Amendment of Articles of Incorporation |
Resolutions may be made where shareholders with 1/3 or more of the votes of shareholders entitled to exercise their votes are in attendance, by a 2/3 or more majority of said votes. | Article 309, Paragraph 2 of the Companies Act Article 18 [2] of the Company’s Articles of Incorporation |
| Other resolutions | A resolution of the General Meeting of Shareholders shall be passed by a majority of the votes of the shareholders in attendance. | Article 309, Paragraph 1 of the Companies Act Article 18 [1] of the Company’s Articles of Incorporation |
For reference: Ratio of voting rights required for exercise of shareholders’ rights
| Shareholder rights | Voting rights ratio and requirements required for exercise | Source |
|---|---|---|
| Demand for Calling of Meetings by Shareholders | A demand to call a shareholders meeting may be made by shareholders who have held not less than three hundredths (3/100) of the votes of all shareholders consecutively for the preceding six months or more. | Article 297, Paragraphs 1 and 2 of the Companies Act |
| Shareholders’ Right to Propose | A proposal may be made by shareholders who have held not less than one hundredth (1/100) of the votes of all shareholders, or not less than three hundred votes of all shareholders, consecutively for the preceding six months or more. | Article 303 of the Companies Act |
| Action for pursuing liability | An action for pursuing liability may be brought by a shareholder who has held shares consecutively for the preceding six months or more. | Article 847, Paragraph 1 of the Companies Act |
- All of the above rights can be exercised in accordance with the provisions of the Companies Act. The same applies to the exercise of shareholder rights other than the above.
