Hankyu Hanshin Holdings, Inc. holds a 22.62% voting rights ownership ratio as an other affiliated company, with limited transactions with our company, ensuring a high degree of 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Ltd.","jir_importance":"\u2605\u2605\u2606\u2606\u2606","jir_publication_date":"2026-04-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/9602-20260414-05.pdf","jir_short_summary":"Hankyu Hanshin Holdings, Inc. holds a 22.62% voting rights ownership ratio as an other affiliated company, with limited transactions with our company, ensuring a high degree of independence.","jir_summary":"### Status of Controlling Shareholders and Others\nHankyu Hanshin Holdings, Inc., an other affiliated company of ours, holds a total voting rights ownership ratio of 22.62%, forming the core of the Hankyu Hanshin Toho Group together with our company and H2O Retailing Corporation. Direct transactions are limited, consisting of certain transactions such as building leases with Hankyu Corporation and Hankyu Hanshin Properties Corporation, and minimal ordinary transactions with Hankyu Travel International Co., Ltd. and Hankyu Hanshin Express Co., Ltd.\n\n### Management Independence and Minority Shareholder Protection\nThe relationship with Hankyu Hanshin Holdings, Inc. is a loose collaboration ensuring a high degree of independence. There is no sharing of management policies or strategies, and there are no particular constraints on our group\u2019s business operations. It is considered that there is no influence causing disadvantage to minority shareholders. Additionally, the group CEO and Representative Director of Hankyu Hanshin Holdings, Inc. has been appointed as a director (non-executive) of our company, contributing to strengthened cooperation.","jir_financial_highlights":"Voting Rights Ownership Ratio of Hankyu Hanshin Holdings, Inc.: 22.62% (Unknown)\nDirect Ownership Ratio of Hankyu Hanshin Holdings, Inc.: 13.58% (Unknown)\nCombined Target Ratio of Hankyu Hanshin Holdings, Inc.: 9.03% (Unknown)","jir_category":"","jir_hashtags":"#TohoCoLtd, #ControllingShareholders, #IRInformation, #HankyuHanshinTohoGroup, #JapaneseStocks","jir_key_figures":"Voting Rights Ownership Ratio of Hankyu Hanshin Holdings, Inc.: 22.62%\nDirect Ownership Ratio: 13.58%\nCombined Target Ratio: 9.03%","jir_meta_title":"\u3010Toho Co., Ltd.\u3011Relationship and Independence with Hankyu Hanshin Holdings\uff5cApril 2026","jir_meta_description":"Toho Co., Ltd. discloses that Hankyu Hanshin Holdings, Inc. is an other affiliated company with a 22.62% voting rights ownership ratio, detailing management independence and transaction relationships.","jir_og_title":"\u3010Toho\u3011Relationship and Independence with Hankyu Hanshin Holdings\uff5cApril 2026","jir_og_description":"Hankyu Hanshin Holdings, Inc. holds 22.62% of voting rights as an other affiliated company of Toho and ensures a high degree of independence.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7446,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-40734","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n