Gree Holdings details controlling shareholder structure, transactions with Sequoia Inc.

Gree Holdings Inc. announced that Sequoia Inc. is its controlling shareholder, holding 53.55% of the voting rights as of June 30, 2025. This stake is based on Gree Holdings' total voting rights of 1,792,694 units. Sequoia Inc., engaged in real estate and securities investment, is led by Tanaka Yoshikazu, who also serves as representative director, chairman, and president of Gree Holdings. Despite this shared leadership, Gree Holdings maintains that its management decisions are made independently.

The company emphasizes that it operates without business constraints from Sequoia Inc., ensuring autonomy in its activities. To further safeguard independence, Gree Holdings' board of directors includes a majority of independent outside directors. This structure is intended to ensure that the company's decision-making process is not unduly influenced by its controlling shareholder.

In terms of transactions, Gree Holdings received 29 million yen in employee secondment fees from Sequoia Inc. during the fiscal year ending June 30, 2025, with a remaining balance of 1 million yen. These fees are based on secondment agreements and cover personnel costs. The company affirms that all transactions with its controlling shareholder adhere to general market conditions to protect the interests of minority shareholders, with significant transactions approved by a majority of independent outside directors.