Through stock issuance (simplified share issuance), we will make Tenkai Trading a subsidiary, and together with cash consideration for the acquisition, we will pursue consolidation. A new Resources Innovation Division will be established to start the nonferrous metal recycling business, centering on the collection, import\/export, and sale of copper scrap. The plan is designed to achieve mid-term goals while maintaining financial health and room for growth investments.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5820","jir_company_name":"Mitsutoshiyo Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/5820-20260910-01.pdf","jir_short_summary":"Through stock issuance (simplified share issuance), we will make Tenkai Trading a subsidiary, and together with cash consideration for the acquisition, we will pursue consolidation. A new Resources Innovation Division will be established to start the nonferrous metal recycling business, centering on the collection, import\/export, and sale of copper scrap. The plan is designed to achieve mid-term goals while maintaining financial health and room for growth investments.","jir_summary":"### Overview of the new business and organizational restructuring\nWe will implement a simplified share issuance to make Tenkai Trading a subsidiary, with the subsidiary acquired through cash consideration to pursue consolidation. Under the newly established Resources Innovation Division, we will commence the nonferrous metal recycling business, with copper scrap collection, import\/export, and sales as the core operations.\n\n### Financial conditions, acquisition terms, and long-term strategy\nThe share issuance ratio is planned in the range of 375\u2013528 (units implied), with a target to acquire 51% of Tenkai Trading's outstanding shares. The acquisition consideration is \u00a5150 million, determined based on third-party assessment by Stewart McLaren. By combining cash acquisition and stock issuance, we aim to balance liquidity preservation and dilution, expand the resource circulation business, and enhance corporate value over the medium to long term.","jir_financial_highlights":"Tenkai Trading share acquisition ratio: 51% (new acquisition ratio)\nAcquisition consideration: \u00a5150 million (fixed as cash consideration)\nNew share issuance: 173,300 shares (dilution 3.87%)","jir_category":"","jir_hashtags":"#Mitsutoshiyo, #TenkaiTrading, #ResourceInnovation, #NonferrousMetalRecycling","jir_key_figures":"Acquisition consideration: \u00a5150 million\nShare issuance ratio: 51% (handling of Tenkai Trading's issued shares)\nNew share issuance: 173,300 shares\nDilution: 3.87%","jir_meta_title":"Mitsutoshiyo: Executing share issuance and acquisition to start Resource Innovation | October 2026","jir_meta_description":"Mitsutoshiyo announces the stock issuance and cash acquisition to make Tenkai Trading a subsidiary. The newly established Resources Innovation Division will commence nonferrous metal recycling, transforming the mid-term portfolio. Acquisition ratio 51%, consideration \u00a5150 million.","jir_og_title":"Mitsutoshiyo to subsidiary Tenkai Trading | Beginning Resource Innovation","jir_og_description":"Mitsutoshiyo will subsidiary Tenkai Trading and develop nonferrous metal recycling, including copper scrap, under the newly created Resources Innovation Division. Targeting 51% acquisition with cash consideration of \u00a5150 million.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60989,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-112384","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n