Inabata : Regarding Items Related to Controlling Shareholder, etc.
May 12, 2021 at 06:14 am EDT
Share
To whom it may concern: May 11, 2021
Company name: Inabata & Co., Ltd.
Representative: Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office
(Tel: 03-3639-6421)
Regarding Items Related to Controlling Shareholder, etc.
1. Name of parent company, controlling shareholder (excluding the parent company) or other related companies
(As of March 31, 2021)
Share of Voting
Financial instruments exchange,
Name
Affiliation
Rights
etc. on which issued shares are
(%)
listed
Sumitomo
Other related company
22.9
First Section of Tokyo Stock
Chemical Co., Ltd.
Exchange
2. Position of a listed company in the corporate group of the parent company, etc. or other relationship between the listed company and the parent company, etc.
Sumitomo Chemical Co., Ltd. is a major shareholder in the Company with a 22.9% share of voting rights; the Company is an equity-method affiliate of Sumitomo Chemical.
The Company sells the Sumitomo Chemical's liquid crystal materials, synthetic resins, etc., and the Company's products are supplied to Sumitomo Chemical. Transaction terms are individually negotiated and determined while taking into account regular transactions. There are no restrictions from Sumitomo Chemical, such as items requiring approval for business activities conducted by the Company, and the Company maintains the independence of its management.
There are no items to report with regard to interlocking directors and audit & supervisory board members.
3. Items related to transactions with controlling shareholder, etc.
(April 1, 2020 to March 31, 2021)
Name of
Paid-in
Share of
Transaction
Term-end
capital
Line of
Relationship with related
Transaction
amount
balance
company,
Location
voting
Account
(millions
business
party
content
(millions of
(millions of
etc.
of yen)
rights (held)
yen)
yen)
Purchase of
9,921
Accounts
2,510
products
payable
Manufacture
Purchase of Sumitomo
Sumitomo
Sale of
Accounts
Chuo-ku,
and sales of
22.9%
Chemical's products
9,138
4,914
Chemical
89,699
products
receivable
Co., Ltd.
Tokyo
chemical
held directly
Sale of the Company's
products
products
Securities
provided as
10,981
－
－
collateral
Transaction terms, or policies, etc. for determining transaction terms
a. Transaction terms, including prices, are individually negotiated and determined while taking into account regular transactions.
b. Securities are provided as collateral against the Company's operating payables.
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Disclaimer
Inabata & Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:13:08 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
INABATA & CO.,LTD. 