【Musashino Industries】Matters Related to Controlling Shareholders｜June 2026

Matters Related to Controlling Shareholders

The controlling shareholder of Musashino Industries is Mr. Yoshikatsu Kono, with a voting rights ownership ratio of 51.30% (direct 20.34%, combined target 30.96%). Regarding transactions, the company states that it will secure proper conditions in dealings with related parties and conduct transactions fairly under the supervision of the Board of Directors and outside directors. Mr. Kono, while serving as Representative Director, explicitly states that he will not influence the decision-making process of transaction details in accordance with the provisions of the Companies Act.

Shareholder Protection and Fairness of Transactions

The company conducts thorough deliberation on the validity of transactions to protect minority shareholders' interests and makes fair decisions under the supervision of outside directors. There are no particular issues concerning transactions with the controlling shareholder, and efforts are made to avoid harming minority shareholders' interests. The company states its commitment to maintain transparency and fairness and to continue efforts to retain shareholder trust.