#TohoTitanium

Toho Titanium Co., Ltd. will implement a share exchange effective June 1, 2026, making JX Metals Corporation its wholly owning parent company. In connection with this, a partial amendment deleting Article 11 (Record Date for Ordinary General Meeting of Shareholders) of the Articles of Incorporation is planned to be approved at the extraordinary general meeting of shareholders scheduled for April...

JX Nippon Mining & Metals Corporation has signed a share exchange agreement to make Toho Titanium Co., Ltd. a wholly-owned subsidiary effective June 1, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium. Toho Titanium shares are scheduled to be delisted on May 28, 2026.

JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is scheduled to be delisted on May 28, 2026.

Toho Titanium Co., Ltd. will hold an extraordinary general meeting of shareholders on April 24, 2026, where approval of the stock swap agreement for full subsidiary acquisition by JX Metals Corporation will be proposed. The record date is March 12, 2026.

For the third quarter of FY March 2026, net sales were JPY 61,323 million (down 6.8% YoY), operating income was JPY 2,928 million (down 39.2% YoY), and net income attributable to owners of parent for the quarter was JPY 2,016 million (down 42.0% YoY).

For the third quarter of fiscal 2025, net sales were 61.32 billion yen, down 4.49 billion yen year-over-year, operating income was 2.93 billion yen, down 1.89 billion yen year-over-year, and net income attributable to owners of parent was 2.02 billion yen, down 1.45 billion yen year-over-year.