【Kanorks】Matters Concerning Controlling Shareholders ｜ June 26, 2026

Overview of Relationship with Controlling Shareholder and Transactions

Our largest shareholder is Metal One Corporation, with a voting rights ownership ratio of 34.57%. The parent company, Mitsubishi Corporation, holds the same ratio including indirect ownership, and our company maintains independence in management while continuing business transactions. In the fiscal year ending March 2026, sales transactions amounted to 962 million yen, and procurement and processing transactions totaled 3,168 million yen, all conducted based on market prices. The necessity and rationality of transactions are approved by the Board of Directors, and measures are in place to protect minority shareholders.

Future Outlook and Corporate Relationships

We will continue transactions with the Metal One Group while maintaining corporate independence. Although the influence of the parent company is represented by the voting rights ownership ratio, business operations remain independent due to market segmentation and commercial channels. Transactions are conducted appropriately based on market prices, with thorough protection of minority shareholders' interests. We aim to maintain transparency in our relationships and enhance corporate value.