TOKYO, May 19 (Pulse News Wire) – Naito & CO.,LTD. (7624.T) disclosed its parent company and related party transactions as of February 28, 2026.
The parent company, Okaya Steel Machinery Co., Ltd., holds 45.65% of the voting rights. The company's capital is 9,128. Naito & Co. engages in industrial materials-related businesses within the broader group services covering steel, information/electronics, industrial materials, and consumer industries. Two out of ten directors hold concurrent positions at Okaya Steel Machinery, leveraging their experience for advisory roles without compromising independent decision-making.
Details of the transactions with the parent company and related parties as of February 28, 2026, include: - Sales amounting to 102 million yen in receivables. - Purchases totaling 116 million yen in prepaid expenses. - Rent payments for logistics centers amounting to 52 million yen in accounts payable. - Other operating expenses and income transactions totaling 5 million yen. Transaction conditions are determined through price negotiations based on market trends, ensuring fair dealings similar to those with general enterprises.
Rent agreements consider nearby market rates.
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