TOKYO, May 28 (Pulse News Wire) – Maru Dou Industry Co., Ltd. (7894.T) disclosed its major shareholders and related party transactions.
As of February 28, 2026, Koko Seiyaku holds 39.8% of voting rights, while TOPPAN Holdings owns 18.9%. Both companies are significant related parties due to their substantial influence on Maru Dou’s operations. Koko Seiyaku, being the largest shareholder, influences Maru Dou’s strategic direction. Despite these ties, Maru Dou maintains operational independence through individual negotiations on transaction conditions.
In terms of business impact, Koko Seiyaku represents a key customer for Maru Dou. Any significant changes in orders from Koko Seiyaku could affect Maru Dou’s performance. However, Maru Dou believes it retains sufficient independence from both Koko Seiyaku and TOPPAN Holdings due to differing business activities and limited transaction volumes. Regarding transactions, Maru Dou reported sales of products worth approximately 250,710 thousand yen to Koko Seiyaku as of the reporting period.
Other transactions with TOPPAN Holdings were excluded due to their minor value.
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