TOKYO, May 28 (Pulse News Wire) – PR Times Corporation (3922.T) amended its shareholder-related information disclosed on May 27 due to errors found in the initial release. The corrected version shows that the parent company, Vector Co., Ltd., holds a direct 52.6% stake in PR Times Corporation.
The company's services commissioning agreement includes sales activities related to press releases, with a transaction amount of ¥3.039 billion and an outstanding receivable balance of ¥731 billion as of the end of the reporting period. Previously, the reported figures indicated a 55.4% shareholding and a transaction amount of ¥4.2 million.
The amendment also clarifies that the transaction amount does not include consumption tax, while the outstanding balance does. PR Times Corporation emphasizes that the revised conditions and decision-making policies for transactions are determined through negotiation, considering factors such as the scale of transactions similarly to dealings with non-affiliated companies.
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