Hirakawa Hewtech Corp.
Notice Regarding Simplified Share Exchange to Make a Consolidated Subsidiary a Wholly Owned Subsidiary
Resolved and contracted a simplified share exchange to make Yoshinogawa Densen a wholly owned subsidiary of Hirakawa Hewtech. The exchange ratio is 1:428.397, and the shares to be delivered are planned to be 244,186 shares of the Company. Share valuation was determined based on the range from the DCF method and the Comparable Listed Companies method. Effective date is scheduled for 2026-12-21.
Key Figures
- Number of shares to be delivered: 244,186 shares
- Share exchange ratio: 1 Yoshinogawa Densen share = 428.397 shares (Hirakawa Hewtech shares)
- Value of Yoshinogawa Densen shares: per share 1,336,600 yen; DCF method range 1,308,000 yen–1,542,000 yen / Comparable Listed Companies method range 1,166,000 yen–1,475,000 yen
AI要約
Overview of the Transaction
Hirakawa Hewtech Corp. has resolved and entered into a contract for a simplified share exchange to make Yoshinogawa Densen a wholly owned subsidiary. The share exchange ratio is 1 Yoshinogawa Densen share to 428.397 Hirakawa Hewtech shares, and the Company will allocate its own shares held at the record date excluding Yoshinogawa Densen shares to the allocation. The share value was determined at 1,336,600 yen per share based on the valuation ranges from the DCF method and the Comparable Listed Companies method. The effective date is scheduled for 2026-12-21.
Future Impact and Outlook
The impact of this share exchange on the Company's consolidated financial results is expected to be minimal, and the Company aims to integrate management resources and improve agility through capital policy alignment and business integration of both companies. Specific effects on shareholder composition and dilution are not directly described in this notice; any matters that should be disclosed will be announced as they arise.
Hirakawa Hewtech Corp.
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