Chichibu Railway Co.,Ltd. [9012.T]
TOKYO, Jun 26 (Pulse News Wire) – Chichibu Railway CO.,LTD. (9012.T) disclosed significant shareholding details related to its affiliate Pacific Cement Corporation.
As of March 31, 2026, Pacific Cement holds 49.5% of Chichibu's voting rights, with direct holdings accounting for 33.9% and indirect holdings contributing 15.6%. Pacific Cement, based in Tokyo’s Bunkyo Ward, operates in cement manufacturing and is listed on the Tokyo Stock Exchange. Chichibu Railway provides transportation services and equipment maintenance for Pacific Cement.
Additionally, Pacific Cement appoints one external auditor to Chichibu Railway's board to strengthen oversight. In transactions during the fiscal year ending March 31, 2026, Chichibu Railway reported dealings worth ¥86.17 billion with Pacific Cement, including transportation services and equipment maintenance contracts. The outstanding balance stood at ¥1.248 billion, with receivables amounting to ¥87 million.
No special measures were noted for protecting minority shareholders in transactions involving dominant shareholders.
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