TOKYO, Apr 30 (Pulse News Wire) – Sanei Ltd. (6230.T) disclosed major shareholder details as of March 31, 2026.
Midori Electric Co., Ltd. holds 24.79% of the voting rights directly and through related companies. Midori Electric is recognized as a significant affiliate holding 24.79% of Sanei's shares. The company maintains strong relationships with Midori Electric, engaging in sales of power equipment such as transformers and control devices.
Additionally, Sanei conducts independent research and development, selling products to various electricity providers beyond Midori Electric. It also operates a rotating machinery business focusing on air conditioning motors and motor-related equipment. Regarding transactions with affiliated entities, Sanei reported trade balances with Midori Electric Power Grid Co., Ltd. totaling ¥2.545 billion in accounts receivable and ¥13.855 billion in unpaid invoices as of March 31, 2026.
Sales conditions for transformers and other equipment align with those offered to non-affiliated parties.
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