Yondenko Corporation (JP:1939) has released an update.
Yondenko Corporation has disclosed its corporate structure and relationship with its controlling shareholder Shikoku Electric Power Co., Inc., which holds a 31.9% stake and is a key player in the company’s construction operations, accounting for 51.2% of Yondenko’s net sales. The company asserts a degree of independence in its management decisions, despite the intertwined personnel, capital, and business dealings with its parent group. Additionally, Yondenko reported financial transactions with Shikoku, including construction orders and a deposit of short-term funds totaling 8,500 million yen for the fiscal year.
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