TOKYO, Jun 19 (Pulse News Wire) – Feed ONE CO.,LTD. (2060.T) disclosed that Mitsui & Co.
Holds a significant stake of 25.71% in its voting rights as of March 31, 2026. Mitsui & Co. is considered a major shareholder due to holding more than 10% of the company's voting rights. Additionally, Feed One operates as a variable interest entity under Mitsui & Co.'s control. While there are close business ties, such as raw material procurement and sales through Mitsui & Co., Feed One maintains operational independence in decision-making processes and adheres to market prices and general trading conditions for transactions.
As of June 19, 2026, one external director from Mitsui & Co., Mr. Kiri Kaku, serves concurrently on Feed One’s board. Furthermore, two employees from Mitsui & Co. are seconded to Feed One to strengthen management capabilities. In the fiscal year ending March 31, 2026, Feed One reported total transaction amounts of ¥344.2 billion with Mitsui & Co., primarily involving the purchase of raw materials and the sale of products, resulting in a payable balance of ¥85.17 billion as of March 31, 2026.
The company noted that these transactions adhere strictly to prevailing market rates and standard industry conditions.
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