News Center
Funai Reports Matters Concerning Controlling Shareholder
2013-6-28
FUNAI ELECTRIC CO., LTD.
1. Trade name and related information of the parent company, controlling shareholders (excluding the parent company) or other affiliated companies
(As of March 31, 2013)
| Name | Attribute | Percentage of voting rights held (%) | Securities exchange where the issued shares are listed | ||
|---|---|---|---|---|---|
| Directly held | Indirectly held | Total | |||
| Tetsuro Funai | Controlling shareholder | 37.26 | 13.39 | 50.65 | - |
2. Matters concerning transactions with the controlling shareholder
(From April 1, 2012 to March 31, 2013)
| Name | Position | Relationship with related parties | Detail of the transaction | Transaction amount (Million Yen) | Account item | Balance at the end of period |
|---|---|---|---|---|---|---|
| Tetsuro Funai | Chairman | Sale of land and building | Sale of land and building | 380 | - | - |
| Gain on sale of land and building | 331 | - | - | |||
| Sales of stock | Sale of stock | 300 | - | - |
(Note) The determination plan of trading conditions and trading conditions, etc. , as follows.
- About the sale value of land and a building, we determined a real estate appraiser's appraisal price as reference.
- About stock sale value, we determined after both deliberations, due to the dealing of an unlisted stock.
3. Measures implemented for the protection of minority shareholders when there are transactions with a controlling shareholder
In the transactions with a controlling shareholder in the fiscal year ended March 31, 2013, its board of directors has sufficiently discussed the appropriateness of the transaction details and the terms and conditions, and approved. If there is a possibility the Company will engage in new transactions with a controlling shareholder in the future, the Board of Directors will sufficiently discuss the transaction, and vote whether to approve the implementation.
- *Acrobat Reader is required to view this PDF file.