SHINTO PAINT COMPANY,LIMITED [4615.T]
TOKYO, Apr 10 (Pulse News Wire) – Shinto Paint Company,limited (4615.T) revised its disclosure regarding major shareholder transactions previously published on June 30, 2025. The revision corrects inaccuracies in the initial report.
In the corrected version, the company disclosed significant transactions involving its controlling shareholders during the fiscal year ending March 31, 2025. Specifically, the revision includes details of a capital increase through a rights issue conducted by Dai Nippon Toryo Co., Ltd., a direct affiliate of Shinto Paint. According to the updated report, Dai Nippon Toryo received a third-party allotment totaling ¥388 million directly resulting from the issuance of new shares by Shinto Paint.
The transaction involved the allocation of machinery and fluorescent light materials. The affiliation between the two companies is characterized by a shareholding ratio of 50.10%. This correction clarifies the nature and extent of the financial dealings between Shinto Paint and its affiliates, providing stakeholders with accurate information on the company's capital structure and related party transactions.
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