OTEC Reports Non-Consolidated Financial Results for Fiscal Year 2026

TOKYO, Jun 26 (Pulse News Wire) – OTEC Corporation (1736.T) disclosed the non-consolidated financial results of its affiliate, Nippon Coupling Co., Ltd., for the fiscal year ending March 31, 2026. As of March 31, 2026, Nippon Coupling's capital was ¥100.0 million.

The company holds 100% of the shares, totaling 9,616,000 shares. Nippon Coupling’s major shareholders as of March 31, 2026, included Recruit Holdings Co., Ltd. with 76.56%, followed by JFE Holdings Inc. with 9.99%. Other significant shareholders were Osaka Gas Co., Ltd. with 6.06%, Dai-Ichi Life Insurance Co., Ltd.

With 2.50%, and Shinwa Industry Co., Ltd. with 1.56%. Key management positions and their backgrounds were detailed, including President and CEO Yoshikawa Ken, who joined Mizuho Bank in 1987 and later served in various leadership roles at Recruit Holdings before becoming president of Nippon Coupling in June 2025. Financial highlights showed total assets of 18,045,043 thousand yen, with liabilities and equity totaling 18,045,043 thousand yen. Revenue stood at 12,495,484 thousand yen, while operating profit reached 507,531 thousand yen. Net profit for the fiscal year was reported at 1,827,039 thousand yen.