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Yurtec Corporation ( (JP:1934) ) just unveiled an update.
Yurtec Corporation has disclosed its relationship with its controlling shareholder, Tohoku Electric Power Co., Inc., which holds 39.60% of its voting rights. The company is committed to maintaining its independence while engaging in significant transactions with Tohoku Electric Power, which accounts for a substantial portion of its sales. Despite the close business and personnel ties, Yurtec ensures that transactions are conducted on an arm’s length basis and strives to expand its market presence independently.
More about Yurtec Corporation
Yurtec Corporation operates in the construction industry, focusing on electrical work and infrastructure projects. It is affiliated with Tohoku Electric Power Co., Inc., which holds a significant percentage of its voting rights. Yurtec is involved in constructing and maintaining power distribution and transmission lines, contributing to the stable supply of electric power in the Tohoku region.
YTD Price Performance: 15.65%
Average Trading Volume: 183,226
Technical Sentiment Signal: Sell
Current Market Cap: Yen120.6B
For a thorough assessment of 1934 stock, go to TipRanks’ Stock Analysis page.