TOKYO, May 22 (Pulse News Wire) – Shinsho Corporation (8075.T) reported significant transactions with its controlling shareholder, Kobe Steel, during the fiscal year ending March 31, 2026. According to the disclosure, Kobe Steel held 35.9% of Shinsho's voting rights, including indirect holdings, making it the largest shareholder.
Sales to Kobe Steel accounted for 17.8% of Shinsho’s total revenue, while purchases from Kobe Steel represented 14.5% of its total procurement costs. Shinsho operates independently within the Kobe Steel group, maintaining its own decision-making processes without interference from human relationships. However, due to the high transaction ratios, changes in Kobe Steel’s production and sales trends could impact Shinsho’s operations. During the fiscal year from April 1, 2025, to March 31, 2026, Shinsho conducted various transactions with Kobe Steel, including the purchase of steel products and raw materials worth approximately ¥148.9 million, recorded as accounts receivable.
Additionally, Shinsho sold goods worth ¥206.012 million to Kobe Steel, recorded as accounts payable. Transaction conditions were determined based on market prices, similar to those offered to general trading partners. In cases where Shinsho acted as an agent, the net amount received from customers minus payments made to suppliers was used for sales reporting. For purchases, the payment to suppliers was excluded from the transaction value when Shinsho served as an intermediary.
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