MonotaRO Co ( (JP:3064) ) has issued an announcement.
MonotaRO Co., Ltd. announced its relationship with its controlling shareholder, W.W. Grainger, Inc., which holds a 50.34% stake in the company through its subsidiaries. Despite the significant ownership, MonotaRO maintains operational independence, with limited transactions with Grainger and a commitment to protecting minority shareholders. The company ensures that less than half of its board positions are held by Grainger employees, reinforcing its independent management structure.
More about MonotaRO Co
MonotaRO Co., Ltd. operates in the maintenance, repair, and operations (MRO) distribution industry, primarily serving business users in Japan. The company is part of the Grainger Group, a global leader in MRO distribution, and it plays a key role in the group’s operations within Japan.
YTD Price Performance: -15.25%
Average Trading Volume: 1
Technical Sentiment Signal: Hold
Current Market Cap: $9.7B
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