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Toho Acetylene Co., Ltd. ( (JP:4093) ) has shared an announcement.
Toho Acetylene Co., Ltd. has announced that Tosoh Corporation, its largest shareholder with a 24.73% stake, is an ‘other affiliated company.’ Despite this significant shareholding, Toho Acetylene maintains operational independence, as evidenced by its limited reliance on business transactions with Tosoh and the absence of financial dependencies. The company ensures protection for minority shareholders by adhering to fair transaction practices with Tosoh, similar to those with unrelated companies.
More about Toho Acetylene Co., Ltd.
Toho Acetylene Co., Ltd. operates in the industrial gas industry, focusing on the production and distribution of acetylene and related products. The company is listed on the Tokyo Stock Exchange Prime Market and maintains a strategic relationship with Tosoh Corporation, which holds a significant minority stake.
Average Trading Volume: 95,035
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen13.74B
Find detailed analytics on 4093 stock on TipRanks’ Stock Analysis page.