Nihon Nohyaku announces ADEKA as controlling shareholder

Nihon Nohyaku announced today that ADEKA possesses a 51.07% ownership stake as of March 31, 2025, thereby confirming ADEKA as its parent company and controlling shareholder. ADEKA's shares are listed on the Tokyo Stock Exchange Prime Market. Nihon Nohyaku emphasizes that while ADEKA holds a majority stake, the company maintains operational independence, and that transactions with ADEKA, primarily involving raw material purchases, are conducted under fair and equitable terms, safeguarding the interests of minority shareholders. Key executives from ADEKA, namely Mr. Akio Kori as a Counselor and Mr. Haruhiko Tomiyasu as Representative Director and Senior Executive Officer, also serve as non-executive directors at Nihon Nohyaku, providing advice and guidance to the company's management.