Matters Regarding Major Shareholders and Related Parties

Relationship with the controlling shareholder and transaction terms

This matter concerns disclosure related to the controlling shareholder of Mansei Denki, describing that Mitsubishi Electric, as the top shareholder, is positioned as a major business partner of the company, and that transactions are conducted through distribution agency agreements and other arrangements. It emphasizes that negotiations on terms based on market prices ensure independence from the company. It also shows the current direct voting rights ownership ratio of 21.6% and the relationship within the Mansei Denki group.

Financial aspects of transactions and relationship

For the period from April 1, 2025 to March 31, 2026, the transactions include purchases and sales of the company’s products, revenue of 1,686 million yen, accounts payable of 2,407 million yen, and outstanding receivables of 163 million yen, among others. It is noted that transaction terms are determined by negotiating with reference to market norms, and the policy to secure independence from Mitsubishi Electric is indicated.