TOKYO, Jun 23 (Pulse News Wire) – Metawater CO.,LTD. (9551.T) disclosed that Fuji Electric Corporation holds a significant shareholding interest for the fiscal year ending March 31, 2026.
As of March 31, 2026, Fuji Electric owns 20.84% of METAWATER's voting rights, with no additional holdings through related companies. METAWATER operates independently despite being a partially-owned subsidiary of Fuji Electric. The two companies engage in transactions such as manufacturing commissions for distribution panels based on market conditions and general bidding processes. To ensure operational independence and transparency, METAWATER appoints external directors and audit committee members who meet stringent independence criteria set by the Tokyo Stock Exchange. Specifically, three independent outside directors—Fumiko Kosuwo, Tsutomu Tainai, and Takahisa Matsumoto—and two independent outside auditors—Taku Fukui and Masami Kusu—are designated as independent officers.
In the fiscal year ending March 31, 2026, METAWATER conducted various transactions with Fuji Electric, totaling approximately ¥3.707 billion. These included purchases of energy, industrial products, semiconductors, food services, and electronic recording services amounting to ¥9.77 billion, and accounts payable of ¥3.707 billion. Additionally, there was a debt balance of ¥3.601 billion recorded at the end of the fiscal year. Transaction prices and conditions are determined through negotiations based on market rates, similar to regular commercial dealings. Consumption taxes are included in the final balances but not in the transaction amounts.
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