WAKACHIKU CONSTRUCTION CO.,LTD. [1888.T]
TOKYO, May 26 (Pulse News Wire) – Wakachiku Construction CO.,LTD. (1888.T) disclosed its relationship with major shareholders, emphasizing its independence despite significant influence from parent companies.
As of March 31, 2026, Aozu Corporation, the largest shareholder with a 50.67% voting rights stake, owns 42.32% directly and 8.36% through related entities. Additionally, ACVE Holdings, a wholly-owned subsidiary of Aozu Corporation, holds another 8.36%. The company highlighted its capital and business alliance agreement with Aozu Corporation and ACVE Holdings, aimed at enhancing corporate value while maintaining independent governance.
Under this agreement, Wakachuiku Construction commits to adhering to the Corporate Governance Code principles applicable to Prime Market listed companies on the Tokyo Stock Exchange. No significant transactions or behaviors detrimental to minority shareholders were reported. The company maintains a special committee comprising independent outside directors to review any potential conflicts of interest involving controlling shareholders.
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