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. 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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.","jir_summary":"### Overview of the Transaction\nHirakawa 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.\n\n### Future Impact and Outlook\nThe 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.","jir_financial_highlights":"Number of shares to be delivered (Company shares): 244,186 shares (Unknown)\nShare exchange ratio: 1 share in exchange for 428.397 shares (Unknown)\nValue per share of Yoshinogawa Densen stock: 1,336,600 yen (Unknown)","jir_category":"","jir_hashtags":"#HirakawaHewtech, #CorporateRestructuring_ShareExchange","jir_key_figures":"Number of shares to be delivered: 244,186 shares\nShare exchange ratio: 1 Yoshinogawa Densen share = 428.397 shares (Hirakawa Hewtech shares)\nValue of Yoshinogawa Densen shares: per share 1,336,600 yen; DCF method range 1,308,000 yen\u20131,542,000 yen \/ Comparable Listed Companies method range 1,166,000 yen\u20131,475,000 yen","jir_meta_title":"Hirakawa Hewtech Corp. - Simplified Share Exchange to Make Yoshinogawa Densen a Wholly Owned Subsidiary | November 2026","jir_meta_description":"Hirakawa Hewtech Corp. will make Yoshinogawa Densen a wholly owned subsidiary via a share exchange. The exchange ratio is 428.397 shares per 1 share, and the number of shares to be delivered is planned at 244,186 shares. The effective date is scheduled for 2026-12-21.","jir_og_title":"Hirakawa Hewtech Corp. - Making Yoshinogawa Densen a Wholly Owned Subsidiary via Simplified Share Exchange","jir_og_description":"Resolved and contracted a simplified share exchange to make Yoshinogawa Densen a wholly owned subsidiary. Share value is 1,336,600 yen per share. Effective date is scheduled for 2026-12-21.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17426,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-141168","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n