SHIZUKI ELECTRIC COMPANY INC. [6994.T]
TOKYO, Jun 04 (Pulse News Wire) – Shizuki Electric Company Inc. (6994.T) announced on June 04, 2026 that Mitsubishi Electric Corporation, previously considered a related party, no longer qualifies as such following the sale of some of its shares in Shizuki Electric.
According to the disclosure, Mitsubishi Electric held a significant stake in Shizuki Electric until recently. As of March 31, 2026, Mitsubishi Electric owned 50,442 voting rights, representing approximately 28.84% of total outstanding voting rights based on the total number of issued shares minus non-voting shares. Post-sale, their holding dropped below the threshold for related-party status.
Details on Mitsubishi Electric include: - Capital of ¥175.8 billion - Established on January 15, 1921 - Total assets of ¥7.36 trillion as of March 31, 2026 - Largest shareholders include Nomura Trust & Banking Co., Ltd. (Trust Account) with a 10.01% stake, State Street Bank and Trust Company with 8.01%, and others. Shizuki Electric noted that despite losing Mitsubishi Electric as a related party, there would be no impact on its operations or performance moving forward.
The companies continue to engage in ongoing sales transactions within their respective supply chains.
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