Oki Electric Industry Co., Ltd.

6703.T
Communication Equipment
2026/08/21 Updated
Market Cap: $1.5B (¥233.3B)
Stock Price: $16.92 (¥2,690)
Exchange Rate: 1 USD = ¥158.98

Notice Regarding Closure of This Absorption-Type Merger Contract (Ongoing Disclosure on Business Integration with Hitachi Channel Solutions)

This announcement concerns the conclusion of a contract for an absorption-type merger aimed at integrating the business with Hitachi Channel Solutions, including adjustment of equity interests in the existing joint venture as part of a significant organizational restructuring. Start date planned for October 1, 2026; impact on the FY2027 is under review.

Importance:
Page Updated: August 17, 2026
IR Disclosure Date: August 17, 2026

Key Figures

  • Effective date of this absorption-type merger: 2026 年 10 月1日(予定)
  • Oki Electric Industry's shareholding ratio in the joint venture: 60%
  • Date of signing the absorption-type merger agreement with Hitachi Channel Solutions: 2026 年 8 月 17 日

AI要約

Overview of the Business Integration

Through the integration with Hitachi Works, a plan to consolidate the automation equipment business, including ATMs, is progressing, and the signing of this absorption-type merger contract is accelerating the execution preparations for the target business. With the new joint venture as the parent company, Oki Electric Industry will contribute a portion of its shares, aiming for a 60% stake.

Outlook and Key Dates

The effective date of this absorption-type merger is planned for October 1, 2026, and related regulatory procedures and clearances must be completed for the business integration to realize. Schedules may change based on regulatory procedures and negotiations. The impact on the consolidated results for the fiscal year ending March 2027 is not determined at present and will be disclosed promptly once the results of the review are available.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.

沖電気工業株式会社

Company overview · Stock price · Financial data · All IR

View company page →