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Nippon Aqua Co., Ltd. Affirms Independence Amid Parent Company Relations

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Nippon Aqua Co., Ltd. ( (JP:1429) ) has provided an update.

Nippon Aqua Co., Ltd. announced its relationship with its parent companies, YAMADA HOLDINGS CO., LTD. and Hinokiya Group Co., Ltd., emphasizing its independence in management despite being a subsidiary. The company maintains transparency and fairness through a majority of independent outside directors and a Nomination Committee. Transactions with controlling shareholders are conducted with board approval to protect minority shareholders’ interests.

More about Nippon Aqua Co., Ltd.

Nippon Aqua Co., Ltd. operates in the housing construction industry, focusing on insulation work and related services. The company is a subsidiary of Hinokiya Group Co., Ltd., which is part of YAMADA HOLDINGS CO., LTD., a group engaged in housing sales and construction, particularly single-family homes.

YTD Price Performance: 2.16%

Average Trading Volume: 2,000

Technical Sentiment Signal: Sell

Current Market Cap: €152.6M

Learn more about 1429 stock on TipRanks’ Stock Analysis page.

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