TOKYO, May 11 (Pulse News Wire) – Chiyoda Corporation (6366.T) disclosed that Mitsubishi Corporation holds 33.46% of its voting rights as of March 31, 2026. The two companies have entered into a capital business alliance agreement, with Mitsubishi owning all shares of Chiyoda's A-type preferred stock issued on July 1, 2019.
As part of their collaboration, Chiyoda benefits from enhanced creditworthiness and project execution capabilities through shared business areas. Additionally, Mitsubishi's support strengthens Chiyoda’s operational and sales expansion efforts.
As of March 31, 2026, one executive director from Mitsubishi also serves on Chiyoda's board to reinforce their partnership. In terms of independence, despite ongoing transactions such as equipment sales and technical services, Chiyoda maintains independent decision-making processes within its management structures.
The company ensures its operations remain free from undue influence from Mitsubishi.
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