TOKYO, May 14 (Pulse News Wire) – First Transportation Industries Co., Ltd. (9035.T) disclosed that its controlling shareholder, First Management Co., Ltd., holds a significant stake of 48.54%, comprising direct holdings of 38.23% and consolidated holdings of 10.30%.
As of March 31, 2026, First Management remains the largest shareholder but does not impose operational constraints on First Transportation. However, due to capital relations, there could be some influence on the company's management policies. The companies ended their office leasing arrangement as of January 31, 2026, ensuring continued independence in operations and decision-making processes.
First Transportation’s president, Ryokichi Tanaka, also serves as a director at First Management, while former external auditor Naoki Furukawa concurrently held the position of audit committee member. Despite these affiliations, First Transportation maintains its operational autonomy and focuses on activities such as securities custody and management without interference from First Management. The companies strive to avoid overlapping business models to ensure sustained independence.
🟢 Confidence: High AI-translated content.