TOSHIBA TEC CORPORATION [6588.T]
TOKYO, May 11 (Pulse News Wire) – Toshiba Tec Corporation (6588.T) detailed its relationship with Toshiba Group, highlighting Toshiba's direct ownership of 50.3% and indirect ownership of 0.1%, totaling 50.5%. The company operates independently within the group while maintaining extensive cooperation in research and development, product supply, and sales activities.
As part of its operations, Toshiba Tec conducts various contracts with Toshiba Group companies, such as research and development commissions and business outsourcing agreements, based on general trading conditions and market prices. The company also ensures minority shareholder protection through a special committee comprising four outside directors who review and deliberate on significant transactions that could conflict with minority shareholders' interests.
In addition, Toshiba Tec reported that Toshiba became a subsidiary of TBJH Corporation (formerly TBJH Co., Ltd.) following a tender offer completed on September 26, 2023. As a result, TBJH Corporation and its parent company, TBJ Holdings Corporation, became secondary stakeholders of Toshiba Tec.
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