【Toenec】Fiscal Year Ending May 2026｜Sales Unknown (Disclosure of Transactions with Controlling Shareholder)

Business Relationships and Status of Controlling Shareholder

Our company is part of the Chubu Electric Power Group and is a member of the group as a for-profit equity method affiliate centered on Chubu Electric Power Co., Inc. As of the end of March 2026, the ownership ratio of the parent company is 44.6%, and transactions and human relationships with affiliated companies are clearly stated. A portion of sales comes from construction contracts and repair work received from the Chubu Electric Power Group, with transaction amounting to 85,729 hundred million yen in fiscal year 2025.

Transaction Relationships and Future Outlook

While our dependence on the Chubu Electric Power Group remains significant, we are also engaged in independent research and development as well as sales activities, actively expanding sales outside the group. Moving forward, we plan to increase the proportion of sales to companies outside the group to enhance management independence and diversification. Detailed information about transaction content and relationships is provided to ensure transparency regarding our relationship with the controlling shareholder.