Netyear Group Corporation [3622.T]
TOKYO, Jun 24 (Pulse News Wire) – Netyear Group Corporation (3622.T) disclosed significant shareholder information, noting Nippon Telegraph and Telephone Corporation (NTT) as the controlling shareholder with a direct holding of 48.5%. As of March 31, 2026, NTT holds 48.5% of the voting rights through its subsidiary NTT Data Corporation.
Additionally, NTT Data directly owns 48.5% of the shares. NTT exercises ultimate influence over Netyear Group due to its position as the parent company of NTT Data. Despite NTT Data's direct shareholding, Netyear operates independently while maintaining strategic cooperation in areas such as digital marketing expertise and user experience design.
Four directors serve dual roles between Netyear and NTT Data or related companies, facilitating knowledge exchange and operational synergy. In transactions between Netyear and NTT Data during the fiscal year ending March 31, 2026, NTT Data provided services worth approximately ¥489.1 million to Netyear, resulting in outstanding accounts receivable of ¥121.6 million as of March 31, 2026. The company ensures minority shareholders' protection through transparent pricing mechanisms and independent oversight committees.
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