Densan Reports Key Stakeholder Relationships and Transactions

TOKYO, Jul 23 (Pulse News Wire) – Densan CO.,LTD. (3640.T) disclosed key stakeholder relationships and transactions involving related companies Shinetsu Broadcasting Corporation and Toppan Edge Corporation (now Toppan Corporation).

As of March 31, 2026, Shinetsu Broadcasting held 39.3% of voting rights, while Toppan Edge held 15.9%. Additionally, Densan conducts system provision services and sales to Shinetsu Broadcasting without any constraints on strategic, personnel, or capital policies. Toppan Corporation holds 15.9% of voting rights and engages in raw material procurement and outsourcing activities with Densan.

Kenji Aota, a Densan director, concurrently leads the Information Solution BU BPO division at Toppan Corporation. There are no restrictions on Densan's strategies or policies due to these relationships. In fiscal year 2025, Densan reported significant transactions totaling ¥126.8 million with Shinetsu Broadcasting, including sales of systems and equipment worth ¥3.5 million.

With Toppan Edge, now Toppan Corporation, transactions amounted to ¥107.4 million, primarily for outsourced operations and materials purchases.