Shidenko is an affiliated company of the Shikoku Electric Power Group, with 50.9% of its sales for the fiscal year ending March 2026 derived from Shikoku Electric Power and its subsidiaries. The report discloses major shareholders, transaction details, and the status of executives’ concurrent positions, explaining governance independence.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","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":""},"tablet":{"background-color":"","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":"","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":""}},"ast-content-background-meta":{"desktop":{"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":""},"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":"1939","jir_company_name":"Shidenko Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-06-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/06\/1939-20260626-01.pdf","jir_short_summary":"Shidenko is an affiliated company of the Shikoku Electric Power Group, with 50.9% of its sales for the fiscal year ending March 2026 derived from Shikoku Electric Power and its subsidiaries. The report discloses major shareholders, transaction details, and the status of executives' concurrent positions, explaining governance independence.","jir_summary":"### Major Shareholder Relationships and Transaction Details\nShidenko is an affiliated company of the Shikoku Electric Power Group and a equity-method affiliate. For the fiscal year ending March 2026, 50.9% of sales were from orders received from Shikoku Electric Power and its subsidiaries, including orders for electrical instrumentation and air conditioning piping works, as well as design, construction, and maintenance of power transmission and distribution facilities. Transaction conditions are determined based on estimate-based project prices and regulatory frameworks, with a transaction amount of 620 million yen. Despite human relationships and executives holding concurrent positions, governance independence is maintained.\n\n### Shareholders, Governance, and Future Outlook\nAs a core company within the Shikoku Electric Power Group, Shidenko maintains important trading relationships while establishing governance systems as a listed company. Although there are close relationships through executives' concurrent roles and secondments, independence is secured, emphasizing transparency in business operations. The company aims to continue stable transactions and strengthen governance.","jir_financial_highlights":"Sales Revenue: Unknown (Unknown)\nProportion of Sales Related to Shikoku Electric Power in the Current Fiscal Year: 50.9\uff05 (Unknown)\nTransaction Amount (Electric and Instrumentation, Air Conditioning Piping Works): 620 million yen (Unknown)","jir_category":"","jir_hashtags":"#Shidenko, #IR, #JapanStocks","jir_key_figures":"Sales Revenue: Unknown\nProportion of Sales Related to Shikoku Electric Power: 50.9\uff05\nTransaction Amount (Electric and Instrumentation, Air Conditioning Piping Works): 620 million yen","jir_meta_title":"\u3010Shidenko\u3011Major Shareholder Relationships and Transaction Details\uff5cJune 2026","jir_meta_description":"Shidenko is an affiliated company of the Shikoku Electric Power Group, with 50.9\uff05 of its sales for the fiscal year ending March 2026 derived from affiliated companies, disclosing transaction details and governance systems.","jir_og_title":"\u3010Shidenko\u3011Major Shareholder Relationships and Transaction Details\uff5cJune 2026","jir_og_description":"Shidenko is an affiliated company of the Shikoku Electric Power Group, providing detailed information on transaction content and governance.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16912,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-71876","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n