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Funai Reports Matters Concerning Controlling Shareholder



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)

NameAttributePercentage of voting rights held (%)Securities exchange
where the issued
shares are listed
Directly heldIndirectly heldTotal
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)

NamePositionRelationship with related partiesDetail of the transactionTransaction amount
(Million Yen)
Account itemBalance 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.

  1. About the sale value of land and a building, we determined a real estate appraiser's appraisal price as reference.
  2. 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.

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