TOKYO, May 13 (Pulse News Wire) – Kanaden Corporation (8081.T) disclosed that Mitsubishi Electric Corporation holds a significant stake of 21.21% in the company as of March 31, 2026. Mitsubishi Electric, which is classified as another related company, owns 21.21% of Kanaden's voting rights directly and indirectly through its subsidiaries.
Additionally, Mitsubishi Electric is a major supplier and customer for Kanaden, accounting for approximately 21.21% of the company’s revenue and 21.21% of its procurement costs. The relationship includes stable trading arrangements such as sales agency contracts. While there are no operational constraints imposed by Mitsubishi Electric, changes in their strategic direction or disruptions caused by natural disasters could impact Kanaden's operations and financial health.
In terms of independent operation, Kanaden ensures fair pricing and transaction conditions based on market trends. The company maintains its independence in decision-making processes, ensuring it operates without undue influence from Mitsubishi Electric. Regarding transactions with Mitsubishi Electric, Kanaden reported various dealings totaling ¥846 million in accounts receivable, ¥267 million in advance payments received, and ¥1.329 billion in accrued expenses.
Transactions also included ¥6.031 billion in product sales, ¥1.211 billion in electronic recorded claims, and ¥17.554 billion in accounts payable.
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