TOKYO, Jun 26 (Pulse News Wire) – Saibo CO.,LTD. (3123.T) disclosed intercompany transactions with its major shareholder, SAI-EI Real Estate Co., Ltd., for the fiscal year ending March 31, 2026.
As of March 31, 2026, SAI-EI Real Estate held 17.2% direct voting rights without any cross-shareholdings, making it a significant related party despite being unlisted. SAIBO reported leasing part of its real estate portfolio to SAI-EI Real Estate but emphasized that such arrangements did not significantly impact its operational independence. Additionally, four out of eight directors also serve on SAI-EI's board, though two independent outside directors ensure robust oversight through a nomination and remuneration advisory committee composed primarily of external members.
During the fiscal year, SAIBO engaged in various transactions totaling ¥[¥1.8 million] million with SAI-EI Real Estate, primarily involving land rental activities. These transactions adhered to general market conditions and ensured fair treatment to minority shareholders. Notably, the company maintains strict adherence to transparent and objective procedures in managing related-party dealings.
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