TOKYO, Apr 28 (Pulse News Wire) – Yurtec Corporation (1934.T) disclosed that its major shareholder, Tohoku Electric Power Co., held a combined 39.59% stake as of March 31, 2026. Direct holdings stood at 39.24%, while indirect holdings amounted to 0.34%.
Tohoku Electric Power remains a significant client for Yurtec, accounting for approximately 30% of the company's revenue in fiscal 2026. The firm undertakes construction projects and maintenance work for Tohoku Electric Power and its subsidiaries, such as Tohoku Electric Power Network Co.
Pricing conditions for these transactions are determined through negotiation based on market prices, ensuring fair trade terms. Additionally, Yurtec reported receiving 12 personnel transfers from Tohoku Electric Power.
As of March 31, 2026, there were no cross-appointed directors between the two companies, indicating a certain level of operational independence.
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