TOKYO, Apr 28 (Pulse News Wire) – Nihon Kogyo CO.,LTD. (5279.T) disclosed that Sumitomo Resin Co., Ltd.
Holds 23.74% of its shares as of March 31, 2026. The companies entered into a basic cooperation agreement on April 22, 1997, which included cross-directorships and mutual support in business operations and human resource exchanges. However, NIHON KOGYO maintains operational independence in its business activities and management policies.
Sumitomo Resin currently has one director and one auditor concurrently serving on NIHON KOGYO's board. While NIHON KOGYO sells some products to Sumitomo Resin, the dependency on such sales is minor. Financial transactions with Sumitomo Resin’s subsidiary follow general banking conditions.
In addition, NIHON KOGYO ensures minority shareholder protection through fair transaction conditions based on market prices and costs, similar to those applied to regular trading partners.
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