JX Nippon Mining & Metals Corporation has signed a share exchange agreement to make Toho Titanium Co., Ltd. a wholly-owned subsidiary effective June 1, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium. Toho Titanium shares are scheduled to be delisted on May 28, 2026.<\/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,"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":"5016","jir_company_name":"JX Nippon Mining & Metals Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5016-20260225-01.pdf","jir_short_summary":"JX Nippon Mining & Metals Corporation has signed a share exchange agreement to make Toho Titanium Co., Ltd. a wholly-owned subsidiary effective June 1, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium. Toho Titanium shares are scheduled to be delisted on May 28, 2026.","jir_summary":"### Purpose and Background of Management Integration\nJX Nippon Mining & Metals Corporation holds 50.37% of the shares of Toho Titanium Co., Ltd., and although the two companies have a cooperative relationship, to strengthen governance of the listed subsidiary, optimize allocation of management resources, and accelerate decision-making, they resolved to conduct a management integration through a share exchange to make Toho Titanium a wholly-owned subsidiary. This aims to deepen information sharing and technological collaboration, accelerate the creation of new businesses, and strengthen the management foundation.\n\n### Overview and Schedule of the Share Exchange\nThe share exchange is scheduled to take effect on June 1, 2026, following approval at an extraordinary shareholders' meeting of Toho Titanium. Toho Titanium shares will be delisted from the Tokyo Stock Exchange Prime Market on May 28, 2026. The share exchange ratio is 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium, with new shares of JX Nippon Mining & Metals to be issued and delivered. A system is also established to handle fractional shares.\n\n### Fairness Assurance Measures and Evaluation\nFor the calculation of the share exchange ratio, both companies appointed independent third-party valuation agencies (Daiwa Securities, Mizuho Securities, and Plutus Consulting) to ensure fairness. A special committee was established at Toho Titanium and conducted a careful review with advice from legal advisors. The special committee issued a report stating that the share exchange is fair to minority shareholders.\n\n### Future Outlook and Impact\nThrough this share exchange, Toho Titanium will become a wholly-owned subsidiary of JX Nippon Mining & Metals, aiming to enhance corporate value across the entire group. JX Nippon Mining & Metals is also considering revising capital policy including share buybacks. While the delisting of Toho Titanium will limit its financing options, funding support from the parent company is expected to mitigate this. Employment and treatment of employees are expected to be maintained.","jir_financial_highlights":"Share Exchange Ratio: 1:0.70 (Unknown)\nDelisting Date of Toho Titanium: 2026-05-28 (Unknown)\nJX Nippon Mining & Metals\u2019 Ownership Percentage of Toho Titanium Shares: 50.37% (Unknown)\nJX Nippon Mining & Metals Consolidated Earnings Forecast for FY March 2026 Net Sales: 820,000 million yen (Increase from previous fiscal year)\nToho Titanium Consolidated Earnings Forecast for FY March 2026 Net Sales: 81,300 million yen (Decrease from previous fiscal year)","jir_category":"","jir_hashtags":"#JXNipponMiningAndMetals, #TohoTitanium, #M&A, #WhollyOwnedSubsidiarization, #ManagementIntegration","jir_key_figures":"Share Exchange Ratio: 0.70 shares of JX Nippon Mining & Metals for each share of Toho Titanium\nDelisting Date of Toho Titanium: 2026-05-28\nJX Nippon Mining & Metals\u2019 Ownership Percentage of Toho Titanium Shares: 50.37%","jir_meta_title":"JX Nippon Mining & Metals to Make Toho Titanium a Wholly-Owned Subsidiary via Share Exchange - Effective June 1, 2026","jir_meta_description":"JX Nippon Mining & Metals Corporation will make Toho Titanium Co., Ltd. a wholly-owned subsidiary through a share exchange effective June 1, 2026. The share exchange ratio is 0.70, with Toho Titanium shares scheduled for delisting on May 28, 2026. A special committee has also confirmed the fairness of this transaction.","jir_og_title":"JX Nippon Mining & Metals Completes Share Exchange Agreement to Make Toho Titanium a Wholly-Owned Subsidiary","jir_og_description":"JX Nippon Mining & Metals will make Toho Titanium a wholly-owned subsidiary through share exchange, effective June 1, 2026. The share exchange ratio is 0.70. Toho Titanium shares are scheduled for delisting on May 28.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7432,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-31233","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n