Keifuku Electric Railroad Co.,Ltd. [9049.T]
TOKYO, Jun 26 (Pulse News Wire) – Keifuku Electric Railroad CO.,LTD. (9049.T) disclosed significant shareholder information, noting that Kyobashi Holdings Co., Ltd.
Holds 43.47% of the voting rights. Six out of eleven directors are from Kyobashi Holdings, and two employees are transferred from the parent company, indicating substantial influence based on control criteria.
In addition, Keifuku Electric Railroad stated that it receives debt guarantee reservations from Kyobashi Holdings for bank borrowings amounting to ¥889 million. The company ensures fair conditions for transactions with its parent company similar to those with general trading partners, confirming the appropriateness of transaction contents and conditions before making decisions.
This arrangement underscores the close cooperation between Keifuku Electric Railroad and Kyobashi Holdings while maintaining operational independence in decision-making processes.
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