TOKYO, Jun 26 (Pulse News Wire) – Shokubun CO.,LTD. (9969.NG) disclosed details regarding its parent company, Shinmei Holdings Co., Ltd., and their capital alliance.
As of March 31, 2026, Shinmei Holdings holds 50.54% of SHOKUBUN's voting rights directly. The companies entered into a strategic partnership on May 10, 2017, focusing on joint procurement, development, and sales expansion to foster mutual growth beyond traditional industry boundaries. SHOKUBUN’s board includes two directors who also serve roles within Shinmei Holdings—one as an executive officer and another as the management director.
Despite these affiliations, SHOKUBUN maintains independent decision-making processes involving three outside directors to ensure operational autonomy. For the fiscal year ending March 31, 2026, there were no significant transactions between SHOKUBUN and its parent company. Any potential dealings are conducted based on fair market prices through negotiation, ensuring equitable treatment and protecting minority shareholders' interests.
Two out of three audit committee members are appointed as independent directors to oversee such transactions and safeguard shareholder welfare.
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