Totetsu Kogyo Reports Major Shareholding by East Japan Railway Company

TOKYO, Jun 25 (Pulse News Wire) – Totetsu Kogyo CO.,LTD. (1835.T) disclosed that East Japan Railway Company holds significant shares, owning 22.6% of its voting rights as of March 31, 2026.

East Japan Railway Company, classified as another related company, is also the largest shareholder of TOTETSU KOGYO. TOTETSU KOGYO operates as a partner within the same group, engaging in regular business transactions such as construction work. Despite being a major client, TOTETSU KOGYO maintains operational independence without facing restrictions from East Japan Railway Company. The company's sales derived from East Japan Railway Company account for a high percentage but remain within normal commercial relations.

Regarding cross-directorships, TOTETSU KOGYO appointed Masayuki Tamakura, a senior executive director and former deputy head of the railway operations department at East Japan Railway Company, due to his extensive experience and expertise in rail and construction industries. He provides specialized advice on safety and quality improvement, among other priorities. In the fiscal year ending March 31, 2026, TOTETSU KOGYO reported total transaction amounts of ¥34,206.157 billion with East Japan Railway Company, including completed construction costs of ¥117,753.251 billion and outstanding receivables of ¥54.51 billion. Additionally, there was ¥4.423 billion worth of track materials purchased and ¥1.738 billion in unpaid construction expenses.

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