TOKYO, Jun 29 (Pulse News Wire) – Nippon Gear CO.,LTD. (6356.T) disclosed details regarding its significant shareholder, Seiwa Corporation, which holds a controlling interest in the company.
As of March 31, 2026, Seiwa Corporation owns 39.69% of Nippon Gear's voting rights directly and through consolidated subsidiaries, making it the largest shareholder. Additionally, Seiwa Corporation acts as a sales agent for Nippon Gear products in the Actuator Seihin Ta region. During the fiscal year ending March 31, 2026, Nippon Gear conducted various transactions with Seiwa Corporation, totaling approximately ¥425.307 billion. These included sales of Nippon Gear actuators and valves, amounting to ¥45 billion, and construction contracts worth ¥1,229.389 billion.
Furthermore, there was a direct trade receivable balance of ¥265.08 billion recorded as of the end of the fiscal year. It is noted that Seiwa Corporation’s representative director, Mr. Terada Masao, also serves as a director of Nippon Gear. The transaction conditions were determined based on general trading terms applicable to similar dealings.
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