TOKYO, Jun 29 (Pulse News Wire) – TOC CO.,LTD. (8841.T) disclosed updates on its shareholding structure involving New Otani Co., Ltd., a related company.
As of March 31, 2026, New Otani Co., Ltd. holds 24.11% of TOC's voting rights directly and 0.01% indirectly, totaling 24.12%. New Otani Co., Ltd. operates primarily in the hospitality sector and owns 24.11% of TOC’s shares, including indirect holdings. A director from New Otani serves on TOC’s board, bringing extensive management experience.
Conversely, TOC appoints one director and one auditor to New Otani. While TOC engages mainly in real estate activities, its transactions with New Otani are minor. However, there is a lease agreement with HR&T New Otani Co., Ltd., another group company of New Otani, concerning the “Tokyo New Otani” within the “Daikanyama City.” In terms of operational constraints and benefits, TOC maintains autonomous operations despite the affiliation. There are no significant restrictions on business activities due to the relationship. The limited transaction volume ensures a degree of independence, with fair market prices guiding leasing arrangements.
🟢 Confidence: High AI-translated content.