TOKYO, June 29 (Pulse News Wire) – Otani Kogyo CO.,LTD. (5939.T) disclosed updated shareholding information and changes in corporate governance involving its affiliate, New Otani Corporation.
As of March 31, 2026, New Otani Corporation holds 27.89% of OTANI KOGYO's voting rights, making it a significant shareholder but not a controlling entity. New Otani Corporation operates primarily in the hotel and service industry, while OTANI KOGYO focuses on manufacturing metal products. Despite the differing business sectors, OTANI KOGYO requested two directors—Takeo Ota and Gen'ichi Habu—to serve concurrently due to their extensive management experience.
However, this arrangement does not compromise OTANI KOGYO’s independent decision-making process. There are currently no significant transactions or financial dealings between OTANI KOGYO and New Otani Corporation, ensuring a degree of operational independence. The company maintains that the dual role appointments do not affect its ability to make autonomous business decisions.
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