NITTOC CONSTRUCTION CO.,LTD. [1929.T]
TOKYO, May 11 (Pulse News Wire) – Nittoc Construction CO.,LTD. (1929.T) disclosed key stakeholder relations, identifying A.N.
Holdings Corporation as its primary controlling shareholder with a direct voting rights share of 58.05%. As of March 31, 2026, A.N. Holdings, established through a 100% investment by Aso Corporation, holds significant influence over Nitto Construction's operations. Aso Corporation, considered the de facto parent company due to its control over A.N. Holdings, plans to maintain long-term holdings in Nitto Construction shares.
The companies engage in regular information exchanges, particularly in areas such as cement and construction businesses, which offer potential synergies. Additionally, Aso Corporation’s president serves on Nitto Construction’s board, providing independent advice and guidance without imposing operational constraints. Regarding transactions involving controlling shareholders, Nitto Construction reported no significant issues. To protect minority shareholders' interests, the company has formed a special committee comprising four independent outside directors and two independent outside audit committee members. This committee reviews and advises on matters related to conflicts of interest between controlling and minority shareholders.
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