JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is 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":"5727","jir_company_name":"JX Nippon Metal 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\/5727-20260225-01.pdf","jir_short_summary":"JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is scheduled to be delisted on May 28, 2026.","jir_summary":"### Overview of Business Integration\nJX Nippon Metal Corporation resolved to make Toho Titanium Co., Ltd. a wholly owned subsidiary through a share exchange and has executed a share exchange agreement and business integration agreement with an effective date of June 1, 2026. 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 Metal for each 1 share of Toho Titanium, and JX Nippon Metal already holds 50.37% of Toho Titanium shares.\n\n### Purpose and Synergy Effects of the Business Integration\nThe purpose of this business integration is to share management resources of both companies, optimize their allocation, deepen strategic cooperation, expedite decision-making processes, and enhance the corporate value of the entire group. Specifically, it is expected to strengthen existing businesses through utilization of advanced material technologies, stabilize the titanium resource supply chain, accelerate new material development, and reinforce the business foundation through efficient use of management resources. Cost savings related to listing maintenance fees following Toho Titanium's delisting are also anticipated.\n\n### Fairness and Procedures of the Share Exchange\nRegarding this share exchange, share exchange ratios were calculated by independent third-party valuation institutions from both companies (Daiwa Securities, Mizuho Securities, Plutus Consulting), and a fairness opinion was obtained from Plutus Consulting. An independent special committee was established in Toho Titanium to implement measures to avoid conflicts of interest and ensure fairness. The share exchange ratio is considered reasonable based on multiple valuation methods, including market prices and the DCF method.\n\n### Outlook\nAfter the share exchange, Toho Titanium will become a wholly owned subsidiary of JX Nippon Metal and will be delisted, but shareholders of Toho Titanium will continue to benefit economically through the receipt of JX Nippon Metal shares. JX Nippon Metal is reviewing its capital policy, including treasury stock acquisitions, to improve capital efficiency. Employment for Toho Titanium\u2019s employees will be maintained to the greatest extent possible under the agreement.","jir_financial_highlights":"Share Exchange Ratio: 0.70 (Unknown)\nToho Titanium Delisting Date: 2026-05-28 (Unknown)\nEffective Date: 2026-06-01 (Unknown)\nJX Nippon Metal's Ownership Percentage of Toho Titanium: 50.37% (Unknown)\nJX Nippon Metal Capital: 75,000 million yen (Unknown)\nToho Titanium Capital: 11,963 million yen (Unknown)","jir_category":"","jir_hashtags":"#JXNipponMetalCorporation, #TohoTitaniumCoLtd, #MandA, #WhollyOwnedSubsidiary, #ShareExchange","jir_key_figures":"Share Exchange Ratio: 0.70 (0.70 JX Nippon Metal shares granted per 1 Toho Titanium share)\nToho Titanium Delisting Date: 2026-05-28\nShare Exchange Effective Date: 2026-06-01","jir_meta_title":"JX Nippon Metal to Make Toho Titanium a Wholly Owned Subsidiary via Share Exchange - Effective June 1, 2026","jir_meta_description":"JX Nippon Metal Corporation has signed an agreement to make Toho Titanium Co., Ltd. a wholly owned subsidiary through a share exchange. The exchange ratio is 0.70, with Toho Titanium scheduled for delisting on May 28, 2026. The integration aims to strengthen business and enhance corporate value.","jir_og_title":"JX Nippon Metal Completes Acquisition of Toho Titanium as Wholly Owned Subsidiary via Share Exchange Agreement","jir_og_description":"JX Nippon Metal to make Toho Titanium a wholly owned subsidiary through share exchange, effective June 1, 2026. Toho Titanium will be delisted post-transaction. The business integration is expected to generate synergy effects.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16648,"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-31234","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n