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Kinden ( (JP:1944) ) has provided an update.
Kinden disclosed the status of The Kansai Electric Power Co., Inc. as an other affiliated company and de facto controlling shareholder, holding 37.2% of its voting rights as of March 31, 2026. Despite this significant stake, Kinden emphasized that it maintains independent decision-making in its business operations and has no overlapping directors or audit & supervisory board members with Kansai Electric.
The company detailed its business dealings with Kansai Electric in the latest fiscal year, noting that orders from the utility represented just 0.2% of net sales from completed construction contracts. Transactions included electrical project orders totaling ¥1,217 million and deposit balances of ¥20,000 million, all stated to be conducted at arm’s-length conditions reflecting market prices and interest rates, underscoring efforts to safeguard transactional fairness and corporate independence.
More about Kinden
Kinden Corporation is a Japan-based construction and engineering company listed on the Tokyo Stock Exchange Prime Market. It operates primarily in electrical and related infrastructure projects, serving utilities and industrial clients, with a notable shareholder relationship to The Kansai Electric Power Co., Inc., a major Japanese electric power utility.
Average Trading Volume: 691,794
Current Market Cap: Yen1440.9B
See more data about 1944 stock on TipRanks’ Stock Analysis page.