PS Construction Co.,Ltd. [1871.T]
TOKYO, Jun 26 (Pulse News Wire) – PS Construction CO.,LTD. (1871.T) disclosed major shareholder details, noting that its parent company, Daijisen Construction Co., Ltd., holds a 50.2% stake as of March 31, 2026.
Daijisen Construction oversees PS Construction as part of the Daijisen Group. While PS Construction undertakes some construction projects from Daijisen, it maintains low dependency on such transactions. Additionally, PS Construction has agreed to a loan facility arrangement with Daijisen and has appointed two executives from Daijisen to its board, enhancing operational oversight and governance.
In terms of benefits, PS Construction expects improved efficiency, enhanced construction capabilities, and increased purchasing power through collaboration with Daijisen's supply chain. The company also reports strong independence, adhering to its own decision-making processes without interference from its parent company. Regarding minority shareholder protection, PS Construction established a special committee within the board of directors to review significant transactions with the parent group, ensuring their necessity, reasonableness, and fairness.
All important decisions require approval from both the special committee and the board of directors.
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