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NEOJAPAN Inc. ( (JP:3921) ) has issued an announcement.
NEOJAPAN Inc. has disclosed details regarding Prosidus Inc., classified as another affiliated company that holds 45.98% of its voting rights, and whose shareholders include relatives of Representative Director and President Akinori Saito. The company emphasized that it has no business transactions with Prosidus, sees no operational constraints, risks, or special benefits from this affiliation, and maintains that its management independence is secured, with no transactions or shareholdings in Prosidus on its side.
The announcement also clarifies that Akinori Saito concurrently serves as representative director and president at Prosidus solely for personal asset management purposes, reinforcing that the relationship is limited to ownership and governance roles. NEOJAPAN stated that there are no applicable transactions with a controlling shareholder, aiming to provide transparency to investors and reassure stakeholders about the absence of influence from Prosidus over its day-to-day business operations or strategic autonomy.
More about NEOJAPAN Inc.
NEOJAPAN Inc. is a Japan-listed technology company traded on the Tokyo Stock Exchange Prime Market under code 3921. The company operates in the information technology sector, providing software and related digital solutions to corporate clients, and is led by Representative Director and President Akinori Saito.
Average Trading Volume: 37,525
Technical Sentiment Signal: Hold
Current Market Cap: Yen21.91B
Learn more about 3921 stock on TipRanks’ Stock Analysis page.