TOKYO, Mar 19 (Pulse News Wire) – Novarese,inc. (9160.T) disclosed details regarding its controlling shareholders.
As of December 31, 2025, TKP Co., Ltd., the parent company, holds 59.64% of the voting rights directly. Additionally, TKP Co., Ltd. owns 59.64% of the total voting rights, which includes direct holdings and consolidated holdings. Novarese's primary business focuses on wedding ceremonies and receptions, while TKP Co., Ltd.'s main operations revolve around conference room rentals. Despite their interdependent relationship, the companies operate distinct businesses without overlapping core activities. They collaborate through customer referrals and shared resources, enhancing mutual benefits.
Two directors at Novarese concurrently hold positions at TKP Co., Ltd., contributing expertise in overseas operations, hotel banquet halls, and beverage services, as well as corporate governance. From January 1, 2025, to December 31, 2025, transactions between Novarese and TKP Co., Ltd. amounted to ¥24.9 million, with outstanding receivables totaling ¥8.4 million as of December 31, 2025. To protect minority shareholders, Novarese ensures fair transaction conditions similar to those with unrelated entities. It adheres strictly to related party transaction management regulations, thoroughly reviewing significant transactions that could conflict with minority interests. The board maintains independence through five designated independent outside directors and supervisors, ensuring effective oversight and decision-making processes.
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