TOKYO, Apr 27 (Pulse News Wire) – Kinden Corporation (1944.T) disclosed that as of March 31, 2026, Kansai Electric Power Co holds 37.2% of its voting rights, directly owning 29.8% and indirectly holding 7.4%. Additionally, Kansai Electric Power Co accounted for 0.2% of Kinden's completed construction revenue during the fiscal year ended March 31, 2026.
Kinden also reported receiving three personnel from Kansai Electric Power Co for technical guidance purposes. There are no overlapping directors or auditors between the two companies, ensuring Kinden’s independent decision-making in operations. Financial transactions between the firms included ¥677 million in outstanding receivables for electrical works contracted and ¥10 billion in long-term deposits as of March 31, 2026.
Contract negotiations for electrical works take place based on market prices, considering purchase material costs. Deposit interest rates are determined by market conditions. The net increase or decrease in deposit balances compared to the previous fiscal year-end is recorded.
🟢 Confidence: High AI-translated content.