Kanadevia Corporation has resolved to transfer all 886,400 shares of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation for 9,198 million yen, with the transfer scheduled for June 1, 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 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/7004-20260326-01.pdf","jir_short_summary":"Kanadevia Corporation has resolved to transfer all 886,400 shares of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation for 9,198 million yen, with the transfer scheduled for June 1, 2026.","jir_summary":"### Overview of Stock Transfer\nKanadevia Corporation resolved at the Board of Directors meeting on March 26, 2026, to transfer all 886,400 shares (100% voting rights) of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation. The transfer price is 9,198 million yen, and the transfer is scheduled for execution on June 1, 2026. V-Tech specializes in the development and manufacturing of special valves and plays a critical role in the semiconductor and FPD fields.\n\n### Reasons for Transfer and Future Impact\nThe background for this transfer is business structure reform and portfolio optimization under Kanadevia's medium-term management plan \u201cForward 25.\u201d To ensure sustainable growth and strengthen technological development capabilities of V-Tech, KITZ, the largest company in the valve industry, was deemed the most suitable transferee. The transfer is expected to record an estimated special profit of approximately 7.3 billion yen in the individual financial results for the first quarter of fiscal year ending March 2027. The impact on consolidated earnings is currently being examined and will be promptly disclosed as necessary.","jir_financial_highlights":"Number of shares transferred: 886,400 shares (100% transferred)\nTransfer price: 9,198 million yen (Unknown)\nGain on sale of affiliate shares (estimated special profit in individual financial statements): Approx. 7.3 billion yen (Unknown)","jir_category":"","jir_hashtags":"#KanadeviaCorporation, #M&A, #ChangeInConsolidatedSubsidiary","jir_key_figures":"Number of shares transferred: 886,400 shares (100% voting rights)\nTransfer price: 9,198 million yen\nEstimated special profit in individual financial statements: Approx. 7.3 billion yen (First quarter of fiscal year ending March 2027)","jir_meta_title":"Kanadevia Resolves Transfer of Wholly Owned Subsidiary V-Tech to KITZ for 9,198 Million Yen","jir_meta_description":"Kanadevia Corporation has resolved to transfer all 886,400 shares of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation for 9,198 million yen. An estimated special profit of approximately 7.3 billion yen is expected to be recorded in the first quarter of fiscal year ending March 2027.","jir_og_title":"Kanadevia Decides to Transfer V-Tech Shares to KITZ","jir_og_description":"Kanadevia Corporation will transfer all shares of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation. Transfer price is 9,198 million yen, scheduled for execution on June 1, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9160,"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-36664","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n