June 27, 2024
Company name: JSP Corporation
Representative: Tomohiko Okubo, President
Code number: 7942, Tokyo Stock Exchange Prime Market
Contact:
Kazuhiro Nakajima, Executive Officer,
General Manager of Corporate Planning Div.
Phone: +81-3-6212-6306

Matters Concerning Controlling Shareholders, etc.
JSP Corporation (the “Company”) hereby announces that, with regard to Mitsubishi Gas ChemicalCompany Inc., which is classified as an other affiliated company, the matters concerning controllingshareholders, etc. are as follows.
1.

Trade name, etc. of parent company, controlling shareholder (excluding parent company), otheraffiliated company or parent company of other affiliated company(As of March 31, 2024)
Name

Mitsubishi Gas
Chemical CompanyInc.

2.

Relationship
Other affiliatedcompany

Ratio of voting rights held (%)
Directownership

Aggregate
portion

Total

47.44

0.30

47.74

Financial instruments exchange, etc.
on which issued sharecertificates are publicly listed
Prime Market,
Tokyo Stock Exchange, Inc.

Position of the Company in the corporate group of the parent company, etc. and the relationships
between the Company and other affiliated company, etc.
Mitsubishi Gas Chemical Company Inc. (“MGC”) is the largest shareholder holding 47.74% of theCompany's voting rights (including the indirect holding of 0.30%) and is classified as an other affiliatedcompany. The Company dissolved the capital and business alliance with MGC on December 22, 2023,
and considers it desirable to improve the corporate value of the group while considering and promoting
its own growth strategy.
The Company also recognizes that the Company's management autonomy is respected and that theCompany's independence is ensured with regard to its governance system, various structures including
its organizational and executive structure and various decisions including management policy andstrategy.
Mr. Tomoyuki Kiura, a director of the Company, has retired from his position as specially appointed
executive of MGC, and no officers of the Company hold concurrent positions with MGC at this time. In
addition, there are no other secondees from MGC.

3.

Matters concerning transactions with controlling shareholder, etc.
The Company conducts purchases of raw materials, etc. from MGC, but there are no significant
transactions to be noted.

4.

Implementation status of measures to protect minority shareholders in conducting transactions withcontrolling shareholder.
The Company's corporate governance guideline stipulates with regard to transactions with the parent
1company and its group companies, the Special Committee on Governance, an advisory body to theBoard of Directors consisting solely of external directors, shall monitor and supervise conflicts ofinterest between the parent company or its group companies and minority shareholders and strive toensure the appropriateness of such transactions.
Based on the stipulation, the Special Committee on Governance, in consultation with the Board ofDirectors, examines transactions with the parent company and its group companies to ensure that thelevel of the transactions is maintained at the same level as those between independent parties andsubmits a report to the Board of Directors, which is informed of the status of the transactions andapproves the continuation of the transactions at the Board of Directors meeting.
End2