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

SGX Filings
Feb 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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