Yondenko Corporation (JP:1939) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
For further insights into JP:1939 stock, check out TipRanks’ Stock Analysis page.