TOKYU FUDOSAN HOLDINGS CORPORATION June 28, 2023 | |
Company | Tokyu Fudosan Holdings Corporation |
Representative | Hironori Nishikawa, President & CEO |
(Code No. 3289, TSE Prime) | |
Contact information | Shinichiro Usugi, Director & Operating Officer |
Matters Concerning Controlling Shareholders, etc.
The Company hereby announces the following matters concerning controlling shareholders, etc. with respect to Tokyu Corporation, the Company's other associated company, as follows:
1. Trade name, etc. of the parent company, controlling shareholder (excluding the parent company), or other associated company
(as of March 31, 2023) | ||||||
Voting rights held (%) | Financial instruments exchange, etc. | |||||
Name | Relationship | Voting rights | Voting rights | Total | on which the issued shares, etc. are listed | |
subject to | ||||||
directly held | ||||||
aggregation | ||||||
Tokyu Corporation | Other | 15.92 | 0.14 | 16.06 | Tokyo Stock Exchange, Prime | |
associated | ||||||
company | ||||||
2. Positioning of the listed company within the corporate group of the parent company, etc., and the relationship between the parent company, etc. with other listed companies
The Company is an affiliated company of Tokyu Corporation (hereafter referred to as "Tokyu") and is a member of the Tokyu Group, which is centered around Tokyu.
We aim to improve the value of the "Tokyu" brand, as a brand associated with "trust and peace of mind" under the Group Philosophy, "Toward a Beautiful Age." We aim to become a corporate group that continues to create value. We collaborate with other Tokyu Group companies in a meaningful way as we pursue corporate activities that respond to diverse values.
Tokyu owns 16.06% of the Company's voting rights. With regard to personnel, the chairman and representative director of Tokyu serves as a director of the Company. However, we do not believe that this creates a situation in which our independent business activities are hampered.
Transactions between our Group and Tokyu are limited in financial value. For example, our Group and Tokyu often lease facilities from each other. Tokyu Livable, Inc., a subsidiary of the Company, also acts as a sales agent for condominiums, detached houses, and other properties that Tokyu sells.
We engage in corporate activities by maintaining cooperation with Tokyu and with each Tokyu Group company. However, we believe that the director's concurrent position and the value of our business transactions are such that they do not hamper our independent management decisions, and a certain degree of independence is ensured.
(Director's concurrent position)
Title | Name | Title at the parent company, etc. | Reasons for the appointment |
Mr. Nomoto is the chairman and representative director of Tokyu Corporation, the core | |||
Director | Hirofumi Nomoto | Chairman & Representative | company of the Tokyu Group and the Company's largest shareholder. We expect him to |
Director | apply his wealth of experience and broad insight gained at Tokyu to the management of | ||
the Company. | |||
3. Matters concerning transactions with controlling shareholders, etc.
There were no significant transactions to be disclosed for the fiscal year ended March 31, 2023.
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Tokyu Fudosan Holdings Corporation published this content on 28 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2023 06:04:10 UTC.
