Chimney Reports Major Shareholder Details

TOKYO, Jun 26 (Pulse News Wire) – Chimney CO.,LTD. (3178.T) disclosed significant shareholder information related to its parent company, Yamaya Corporation.

As of March 31, 2026, Yamaya Corporation holds 50.5% of the voting rights in Chimney Co., making it the controlling shareholder. Chimney Co. operates primarily in the food service industry, focusing on dining establishments, while Yamaya Corporation specializes in retail sales of alcoholic beverages and food products. Both companies maintain independent operations but engage in various transactions such as purchasing goods and leasing properties. Additionally, Chimney Co. has dispatched seven executives, four of whom also serve Yamaya Corporation, to enhance operational oversight and strategic alignment. In terms of governance, five directors and one auditor from Chimney Co.

Concurrently hold positions within Yamaya Corporation or associated entities. These appointments aim to leverage their experience and provide objective insights for Chimney Co.'s management. Despite these affiliations, Chimney Co. maintains its independence in decision-making processes, adhering strictly to internal regulations and ensuring fair dealings through regular reporting and approval mechanisms. No significant transactions requiring disclosure were reported between Chimney Co. and its major shareholders. Annual transaction limits are approved by the board of directors, and quarterly reports ensure transparency and protection of minority shareholders' interests.