Tosei confirms Nagoya Railroad holds 15.47% stake as other affiliated company

SGX Filings

02/27

Tosei Corporation (S2D) said on Feb, 27 2026 that Nagoya Railroad Co., Ltd. remains its largest shareholder, classified as an “other affiliated company”, with 15.47% of voting rights. Nagoya Railroad’s shares are listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange.

The two companies signed a capital and business alliance on May, 24 2024 to pursue joint real-estate projects and strengthen their real-estate fund operations. To support the partnership, Nagoya Railroad employee Shigehiro Takami serves as a director and executive officer in charge of promoting the alliance at Tosei. Both firms have confirmed that Tosei will retain operational autonomy as a listed company.

Tosei added that it conducted no significant business transactions with Nagoya Railroad during the fiscal year ended Nov, 30 2025.

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