Kewpie Corporation holds a combined total of 49.57% of the voting rights in our company, with transaction amounts from December 1, 2024 to November 30, 2025 including operating revenue of 10,597 million yen, year-end accounts receivable of 652 million yen, and compensation of 206 million 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9369","jir_company_name":"QUSO Distribution System Co., Ltd.","jir_importance":"\u2605\u2605\u2606\u2606\u2606","jir_publication_date":"2026-02-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/9369-20260225-01.pdf","jir_short_summary":"Kewpie Corporation holds a combined total of 49.57% of the voting rights in our company, with transaction amounts from December 1, 2024 to November 30, 2025 including operating revenue of 10,597 million yen, year-end accounts receivable of 652 million yen, and compensation of 206 million yen.","jir_summary":"### Ownership Status and Transaction Relations with the Parent Company, etc.\nAs of November 30, 2025, Kewpie Corporation directly holds 43.31%, indirectly 0.32%, and including closely related parties 5.94% of voting rights in our company, totaling 49.57%, and is positioned as a related company. Our company receives logistics services from Kewpie Corporation and its group companies and leases warehouses and refrigerators inside factories. Operating revenue to these companies in fiscal 2025 was 36,053 million yen, accounting for 17.8% of consolidated operating revenue.\n\n### Independence from the Parent Company and Protection of Minority Shareholders\nOur company\u2019s dependence on Kewpie Corporation and its group companies is low at 17.8%, and since transactions primarily involve general companies, we recognize there is no significant influence. The Board of Directors determines transaction conditions fairly by considering market prices and general terms so as not to harm the interests of minority shareholders. There are no monetary loans or guarantees, and independence is sufficiently ensured.","jir_financial_highlights":"Voting Rights Ownership Ratio (Combined): 49.57% (Unknown)\nOperating Revenue (to Kewpie Corporation and Group Companies): 36,053 million yen (Unknown)\nTransaction Amount (Food Storage Revenue and Transport Revenue): 10,597 million yen (Unknown)","jir_category":"","jir_hashtags":"#QUSODistributionSystem, #ControllingShareholder, #ParentCompanyRelations","jir_key_figures":"Voting Rights Ownership Ratio (Combined): 49.57% (As of November 30, 2025)\nOperating Revenue (to Kewpie Corporation and Group Companies): 36,053 million yen (17.8% of consolidated operating revenue)\nTransaction Amount (Food Storage Revenue and Transport Revenue): 10,597 million yen (December 1, 2024 to November 30, 2025)","jir_meta_title":"QUSO Distribution System Co., Ltd.: Kewpie Corporation\u2019s 49.57% Voting Rights Ownership and Transaction Status","jir_meta_description":"QUSO Distribution System Co., Ltd. holds a combined total of 49.57% voting rights of Kewpie Corporation. Operating revenue to the Kewpie Group in fiscal 2025 was 36,053 million yen, and transaction amount was 10,597 million yen.","jir_og_title":"QUSO Distribution System Discloses Controlling Shareholder Status of Parent Company Kewpie Corporation","jir_og_description":"QUSO Distribution System reports Kewpie Corporation\u2019s 49.57% voting rights ownership and transaction amount of 10,597 million yen in fiscal 2025, explaining the maintenance of independence.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16968,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-31178","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n