TOKYO, Mar 30 (Pulse News Wire) – Nippon Aqua CO.,LTD. (1429.T) disclosed details regarding its major shareholders and their influence on the company.
As of December 31, 2025, Yamada Holdings Corp. holds 55% of the voting rights through indirect holdings, while Hinokiya Group directly owns 55%. Both companies hold significant sway over Nippon Aqua's operations. Specifically, Hinokiya Group began direct ownership of Nippon Aqua shares in February 2009, followed by Yamada Holdings in October 2020. Nippon Aqua operates within the construction sector focusing on residential sales and related businesses as part of the Yamada Holdings Group.
Regarding governance independence, despite being subsidiaries of Yamada Holdings and Hinokiya Group, Nippon Aqua maintains a supervisory board composed primarily of independent outside directors to ensure transparency and fairness. Additionally, the nomination committee consists of more than half independent outside directors, ensuring the selection process remains free from undue influence. In transactions with affiliated entities, Nippon Aqua conducts business mainly with subsidiaries of Yamada Holdings and Hinokiya Group, such as thermal insulation sales. However, transaction volumes remain limited, constituting only a few percentage points of total revenue. All related party transactions adhere strictly to internal regulations, receiving prior approval from the board of directors and ensuring fair pricing based on market conditions.
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