TOKYO, Apr 28 (Pulse News Wire) – Kandenko CO.,LTD. (1942.T) disclosed significant shareholding details as of March 31, 2026.
Tokyo Electric Power Holdings owns 35.3% of the company's shares directly, making it the dominant shareholder. Additionally, Tokyo Electric Power Grid holds another 34.8%, bringing the total related-party holdings to 69.1%. In the fiscal year ending March 31, 2026, transactions with related parties included construction projects worth ¥140.108 million and materials purchases totaling ¥29.999 billion. These transactions were conducted based on market prices and involved price negotiations.
As of March 31, 2026, outstanding receivables amounted to ¥12.498 billion, while payable materials costs stood at ¥29.999 billion. The company also reported that three out of twelve directors and one out of three external auditors are affiliated with the Tokyo Electric Power Group. However, four independent outside directors and two independent external auditors ensure transparency and adherence to laws and regulations. Important decisions are made through pre-discussions in management meetings and final approval by the board of directors, incorporating recommendations from independent directors.
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