MATSUO ELECTRIC CO.,LTD. [6969.T]
TOKYO, Jun 01 (Pulse News Wire) – Matsuo Electric CO.,LTD. (6969.T) disclosed that its related company, Kamaya Electric Co., Ltd., submitted a report to the Kanto Finance Bureau indicating an increase in shareholding exceeding 1%.
As of April 14, 2026, Kamaya Electric's shareholding increased to 1,503,300 shares, representing a total holding ratio of 39.18%. Kamaya Electric operates various electronic component manufacturing and sales businesses. Matsuoe Electric reported that its relationship with Kamaya Electric includes commercial transactions based on market prices, with negotiations determining final pricing. Additionally, there are overlapping roles between the two companies' management teams, with Chén Yiguāng serving as both the president of Matsuoe Electric and Kamaya Electric, and Chén Peizhen acting as a non-executive director for both firms.
For the fiscal year ending March 31, 2026, Matsuoe Electric had a transaction amount of ¥352.2 million with Kamaya Electric, primarily involving the sale of products manufactured by Matsuoe Electric. At the end of the fiscal year, the outstanding receivables stood at ¥193 billion. Notably, consumption taxes are included in the balance but excluded from the transaction amount. This disclosure highlights the ongoing significant business ties and shared governance structures between Matsuoe Electric and Kamaya Electric, emphasizing their interdependent yet independent operational dynamics.
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