The Kodensha,Co.,Ltd. [1948.T]
TOKYO, May 13 (Pulse News Wire) – The Kodensha,co.,ltd. (1948.T) disclosed that its parent company, Mitsubishi Electric Corporation, holds a controlling stake of 51.5%.
As of March 31, 2026, Mitsubishi Electric owns 51.5% of Kodensha’s voting rights through direct holdings. Kodensha operates within the Mitsubishi Electric Group as the sole subsidiary involved in electrical construction work. In fiscal 2025, Mitsubishi Electric accounted for approximately 70% of Kodensha's total sales revenue and nearly 80% of contracted construction projects.
Additionally, Mitsubishi Electric serves as a key supplier for Kodensha's product sales department. The relationship includes personnel exchanges, with one joint appointment and three transfers from Mitsubishi Electric to Kodensha, along with four employees transferred from Kodensha to Mitsubishi Electric. Despite these close ties, Kodensha maintains independent operations and negotiates fair conditions for transactions, ensuring minority shareholder protection.
The company conducts regular reviews of its dealings with Mitsubishi Electric twice annually via its board of directors, which includes more than one-third independent outside directors.
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