Nishimatsu Construction Co.,Ltd. [1820.T]
TOKYO, Jun 19 (Pulse News Wire) – Nishimatsu Construction CO.,LTD. (1820.T) disclosed significant transactions with its related company, Itochu Corporation, for the fiscal year ending March 31, 2026.
According to the report, Itochu holds 22.0% of Nishimatsu's voting rights, making it a major shareholder. Itochu Corporation, a general trading company listed on the Tokyo Stock Exchange, conducted several transactions with Nishimatsu during the period from April 1, 2025, to March 31, 2026. Notably, Itochu purchased fixed assets such as land and buildings from Nishimatsu.
The total transaction amount was ¥253.4 billion, with an outstanding balance of ¥9.269 billion at the end of the reporting period. Nishimatsu emphasized its independence in decision-making despite being a partially-owned subsidiary of Itochu. The company stated that its operations do not heavily rely on transactions with Itochu, ensuring a degree of operational autonomy.
Additionally, Nishimatsu engages in various business activities with Itochu, including construction projects, materials procurement, real estate dealings, and joint ventures.
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