Tensho Electric Industries Co.,Ltd. [6776.T]
TOKYO, May 21 (Pulse News Wire) – Tensho Electric Industries CO.,LTD. (6776.T) disclosed major shareholder information involving its related companies, Sankou Real Estate Co., Ltd.
And Sankou Co., Ltd. As of March 31, 2026, Sankou Real Estate holds 33.6% of the voting rights directly, while Sankou Co. holds 33.6% indirectly. Both companies are classified as other related entities. Sankou Co. significantly influences Tensho Electric due to business tie-ups and two shared directors. The company's largest shareholder is Sankou Real Estate, which owns 33.6% of the shares.
Despite having no direct transactions with Sankou Real Estate, Tensho Electric engages in regular trade with Sankou Co., including purchasing materials and selling products under normal trading conditions. Additionally, Tensho Electric leases part of its Mitsugumi Factory building to Sankou Co. Regarding cross-directorships, Tetsuo Kudo serves as a non-executive director from Sankou Co., appointed for advisory purposes, and Masaru Morii acts as a non-permanent auditor also from Sankou Co., hired to strengthen the audit department. Among seven directors and three auditors at Tensho Electric, these two individuals hold concurrent positions with related companies. In the fiscal year ending March 31, 2026, Tensho Electric reported total transaction amounts of ¥241 million in receivables and ¥28 million in payables with Sankou Co. Transactions included product sales, raw material purchases, and leasing arrangements. Pricing was determined through negotiations based on market prices and overall costs.
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