TOKYO, Apr 23 (Pulse News Wire) – Kin-Ei Corp. (9636.T) disclosed its major shareholders’ influence, noting that the Nippon Railway Group Holdings Co., Ltd.
Holds 63% of voting rights, comprising 6.0% directly and 57.0% through related companies. As of Jan 31, Kinki Nippon Railways Co., Ltd., another significant shareholder, owns 46.6% of shares. The Nippon Railway Group acts as the parent company, exerting control over Kinki Nippon Railways Co., Ltd., which is a wholly-owned subsidiary. This structure makes the group the entity with the greatest impact on Kin-Ei Corp.
The group operates across sectors such as transportation, real estate, international logistics, retail, hotels, and leisure, while Kin-Ei Corp focuses on theater management, rental buildings, and associated businesses. Additionally, Kin-Ei Corp reported that as of Apr 23, one director and one auditor from the parent company concurrently serve on its board, along with one executive transferred from the parent company. Despite these overlaps, independent judgment is respected in decision-making processes. The company ensures minority shareholders' interests are protected by carefully reviewing non-routine transactions involving the parent company within the board, ensuring they do not harm the company's interests.
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