---
title: "Norio Matsubara — Ownership Dossier"
canonical: https://whiteintel.dev/entity/d294036d-8b90-5a8a-91fd-1870cd189be8
json: https://whiteintel.dev/api/public/dossier/d294036d-8b90-5a8a-91fd-1870cd189be8
identifier: icij:icijol-12115022
jurisdiction: PA
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# Norio Matsubara

**Type:** Organization  
**Jurisdiction:** [PA](https://whiteintel.dev/jurisdictions/pa)  
**Identifier:** `icij:icijol-12115022`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/d294036d-8b90-5a8a-91fd-1870cd189be8  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/d294036d-8b90-5a8a-91fd-1870cd189be8  

## Ownership & control

### Holdings / subsidiaries

- **ZENTHAL HOLDING LTD.** (shareholder of) — https://whiteintel.dev/entity/ddacd8b8-24b2-57d8-911f-03e66f9e63e0

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/12115022

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **Norio Matsubara**. Human view: https://whiteintel.dev/entity/d294036d-8b90-5a8a-91fd-1870cd189be8 · Structured JSON: https://whiteintel.dev/api/public/dossier/d294036d-8b90-5a8a-91fd-1870cd189be8._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._