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J-Oil Mills, Inc. ( (JP:2613) ) has provided an announcement.
J-Oil Mills has disclosed details of its relationship with major shareholder Ajinomoto, which holds 27.2% of its voting rights and is classified as an affiliated company. The two groups maintain a business alliance covering the use of the Ajinomoto brand in edible oils and fats, shared sales channels, and personnel secondments, including an Ajinomoto board member serving as an outside director at J-Oil Mills.
The company emphasizes that despite these capital, business, and personal ties, it operates without business constraints from Ajinomoto and negotiates transaction terms on a market-based, arm’s-length basis. Management stresses that these arrangements are designed to protect minority shareholders, with pricing, commissions and other conditions aligned to general commercial practice to maintain independence while leveraging group synergies.
More about J-Oil Mills, Inc.
J-Oil Mills, Inc. is a Japanese food manufacturer focused on edible oils and fats, listed on the Tokyo Stock Exchange’s Prime Market under securities code 2613. The company operates within a broader corporate group that includes Ajinomoto Co., Inc., which holds a significant minority stake and collaborates with J-Oil Mills in branded products and sales channels.
Average Trading Volume: 101,789
Technical Sentiment Signal: Hold
Current Market Cap: Yen64.2B
For detailed information about 2613 stock, go to TipRanks’ Stock Analysis page.