HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. [1930.T]
TOKYO, Apr 28 (Pulse News Wire) – Hokuriku Electrical Construction CO.,LTD. (1930.T) reported significant contracts with its affiliate, Hokuriku Electric Power Co., Ltd., as of March 31, 2026.
Hokuriku Electric Power holds 49.49% of the voting rights in Hokuriku Electrical Construction, making it a major shareholder. During the fiscal year ending March 31, 2026, Hokuriku Electrical Construction completed power distribution and transmission projects worth ¥18.2 billion for Hokuriku Electric Power and its subsidiaries, accounting for approximately 50.7% of its total completed construction work. Additionally, one executive of Hokuriku Electric Power concurrently serves as a director of Hokuriku Electrical Construction.
In terms of operational independence, while maintaining close cooperation within the Hokuriku Electric Group, Hokuriku Electrical Construction operates independently based on autonomous management decisions. The company ensures its own responsibility and maintains strong capital ties with Hokuriku Electric Power, fostering shared strategic goals and efficient operations. For the same period, Hokuriku Electrical Construction also engaged in ¥208.3 billion worth of internal wiring and air conditioning ductwork projects with general enterprises and government agencies.
Despite the substantial influence of Hokuriku Electric Power, Hokuriku Electrical Construction upholds its operational autonomy and maintains its status as an independent publicly traded entity.
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