KOBELCO WIRE COMPANY,LTD. [5660.T]
TOKYO, Jun 25 (Pulse News Wire) – Kobelco Wire Company,ltd. (5660.T), holding 43.48% of the voting rights as of March 31, 2026.
The company purchases key raw materials such as hard steel wire rods from Kobe Steel through trading companies based on market prices, ensuring fair transaction conditions. Additionally, one member of Kobe Steel's board serves concurrently as a director of Kobelco Wire, contributing expertise and oversight without interfering with independent decision-making. Kobelco Wire maintains close cooperation with Kobe Steel for technological and quality improvements across its product range while operating independently in its business activities.
As of June 26, 2026, a new non-executive director, Yoshihiro Kobayashi from Kobe Steel’s Iron and Aluminum Business Department Planning Division, is scheduled to join Kobelco Wire's board. During the fiscal year ending March 31, 2026, there were no significant transactions requiring disclosure between Kobelco Wire and its controlling shareholders. Any future dealings involving controlling shareholders will adhere to minority shareholder protection policies, with conditions reviewed by an independent committee comprising external directors and auditors.
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