TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Yondenko Corporation ( (JP:1939) ) has issued an announcement.
Yondenko Corporation has detailed its relationship with its controlling shareholder, Shikoku Electric Power Co., Inc., highlighting that 43.7% of its net sales come from contracts with Shikoku Electric Power and its subsidiary. Despite these close ties, Yondenko maintains a degree of independence through its governance system and independent management decisions. The announcement underscores the company’s strategic positioning within the Shikoku Electric Power Group, which could impact stakeholders by ensuring continued business stability and growth through these established contracts.
More about Yondenko Corporation
Yondenko Corporation operates in the electric power industry, primarily focusing on constructing, designing, and maintaining transmission and distribution facilities. It is an equity-method affiliate of Shikoku Electric Power Co., Inc., which is a significant player in the electric power business. Yondenko Corporation derives a substantial portion of its revenue from contracts with Shikoku Electric Power Co., Inc. and its subsidiary, Shikoku Electric Power Transmission & Distribution Co., Inc.
Average Trading Volume: 92,946
Technical Sentiment Signal: Buy
Current Market Cap: Yen61.78B
Learn more about 1939 stock on TipRanks’ Stock Analysis page.