Related party transactions
Related persons and connected transaction
Responsible Directors of the Company
1) Mr.Yoichi Muramoto
2) Mr.Shinichiro Yamamoto
Relationship of the responsible Directors
| Parent Company, Subsidiary, and Related Companies | the Company’s Directors and Executives | Directors and Executives interest | Relationship information |
| 1. Muramoto Industry Co., Ltd. (Japan) (Parent Company) | Mr. Yoichi Muramoto | The President of MIC and owns 1.67% share | – MIC is the major shareholder (72.25%) of the Company and provides technical and financial support Including assistance in marketing Development. – MIC acquires various parts, and other raw material from Japanese Manufacturers to sell to the Company. |
| Mr. Shinichiro Yamamoto | The Executive Managing Director of MIC | – MIC is acting sales and marketing agent on case-by-case basis for the Company. | |
| 2. Sima Technology Co., Ltd. (Subsidiary) | Mr. Yoichi Muramoto | The Director of SIMA | – SIMA is a subsidiary of the Company which hold 99.99% of its shares. |
| 3. Muramoto Audio – Visual Philippines Inc. (Philippines) (Related Compa | Mr. Yoichi Muramoto | The President of MAPLE | – MAPLE is subsidiary of MIC |
| 4. Muramoto USA Inc. (USA) (Related Company) | Mr. Yoichi Muramoto | The President of MUI | – Muramoto USA. Inc. is 100% subsidiary of MIC – MUI is acting sales and marketing agent on case-by-case basis for the Company. |
| 5. Muramoto Manufacturing Europe S.R.O. (Czech) (Related Company) | Mr. Yoichi Muramoto | The President of MME | – MME is subsidiary of MIC. |
Parent Company, Subsidiary, and Related Companies
|
MIC |
= |
Muramoto Industry Co., Ltd. |
|
MEI |
= |
P.T. Muramoto Elektronika Indonesia |
|
SIMA |
= |
Sima Technology Co., Ltd. |
|
MAPLE |
= |
Muramoto Audio-Visual Philippines Inc. |
|
MUI |
= |
Muramoto USA. Inc. |
|
MME |
= |
Muramoto Manufacturing Europe S.R.O. |
