Hikari Tsushin, Inc.
Notice of Conclusion of Share Exchange Agreement for Making FT Group Co., Ltd. a Wholly Owned Subsidiary through Simplified Share Exchange
Hikari Tsushin, Inc. will acquire all shares of FT Group Co., Ltd. through a share exchange, making it a wholly owned subsidiary. The exchange ratio is 0.03 shares per one share, with an effective date scheduled for August 1, 2026.
Key Figures
- Share Exchange Ratio: 0.03 shares per one share
- Scheduled Number of Issued Shares: 360,692 shares (planned)
- Effective Date of Share Exchange: August 1, 2026 (planned)
AI要約
Overview of Wholly Owned Subsidiary via Share Exchange
Hikari Tsushin, Inc. decided to make its consolidated subsidiary, FT Group Co., Ltd., a wholly owned subsidiary through a share exchange and concluded a share exchange agreement on March 31, 2026. FT Group operates businesses in retail electricity services, line services, and network infrastructure as well as corporate solutions, but faces challenges in sustaining growth, with a mid- to long-term decline in performance anticipated. Considering these factors, Hikari Tsushin will execute the share exchange as a capital policy option including delisting FT Group.
Details of the Share Exchange and Future Outlook
The share exchange ratio is scheduled to be 0.03 ordinary shares of Hikari Tsushin per one share of FT Group, with the effective date set for August 1, 2026. FT Group is planned to be delisted on July 30, 2026. Based on evaluation by a third-party appraisal institution, the ratio is deemed fair and reasonable. The impact of the share exchange on Hikari Tsushin’s consolidated financial results is expected to be minimal, and additional disclosures will be made as necessary.
