Hikari Tsushin, Inc. will acquire all shares of FT Group Co., Ltd. through a share exchange, making it a wholly owned subsidiary. The exchange ratio is 0.03 shares per one share, with an effective date scheduled for August 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 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":"9435","jir_company_name":"Hikari Tsushin, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/9435-20260331-01.pdf","jir_short_summary":"Hikari Tsushin, Inc. will acquire all shares of FT Group Co., Ltd. through a share exchange, making it a wholly owned subsidiary. The exchange ratio is 0.03 shares per one share, with an effective date scheduled for August 1, 2026.","jir_summary":"### Overview of Wholly Owned Subsidiary via Share Exchange\nHikari Tsushin, Inc. decided to make its consolidated subsidiary, FT Group Co., Ltd., a wholly owned subsidiary through a share exchange and concluded a share exchange agreement on March 31, 2026. FT Group operates businesses in retail electricity services, line services, and network infrastructure as well as corporate solutions, but faces challenges in sustaining growth, with a mid- to long-term decline in performance anticipated. Considering these factors, Hikari Tsushin will execute the share exchange as a capital policy option including delisting FT Group.\n\n### Details of the Share Exchange and Future Outlook\nThe share exchange ratio is scheduled to be 0.03 ordinary shares of Hikari Tsushin per one share of FT Group, with the effective date set for August 1, 2026. FT Group is planned to be delisted on July 30, 2026. Based on evaluation by a third-party appraisal institution, the ratio is deemed fair and reasonable. The impact of the share exchange on Hikari Tsushin\u2019s consolidated financial results is expected to be minimal, and additional disclosures will be made as necessary.","jir_financial_highlights":"Share Exchange Ratio: 0.03 shares per one share (Unknown)\nScheduled Number of Issued Shares: 360,692 shares (planned) (Unknown)\nDelisting Date of FT Group: July 30, 2026 (planned) (Unknown)\nEffective Date of This Share Exchange: August 1, 2026 (planned) (Unknown)\nConsolidated Net Sales of Our Company (Fiscal Year Ending March 2025): 686,553 million yen (Unknown)\nConsolidated Net Sales of FT Group (Fiscal Year Ending March 2025): 34,625 million yen (Unknown)","jir_category":"","jir_hashtags":"#HikariTsushinInc, #M&A, #ShareExchange, #WhollyOwnedSubsidiary, #JapaneseStocks","jir_key_figures":"Share Exchange Ratio: 0.03 shares per one share\nScheduled Number of Issued Shares: 360,692 shares (planned)\nEffective Date of Share Exchange: August 1, 2026 (planned)","jir_meta_title":"Hikari Tsushin, Inc. to Make FT Group Co., Ltd. a Wholly Owned Subsidiary via Share Exchange (Scheduled August 1, 2026)","jir_meta_description":"On March 31, 2026, Hikari Tsushin, Inc. concluded an agreement to acquire all shares of FT Group Co., Ltd. through a share exchange, making it a wholly owned subsidiary. The exchange ratio is 0.03 shares per one share, with an effective date scheduled for August 1, 2026.","jir_og_title":"Hikari Tsushin to Make FT Group a Wholly Owned Subsidiary via Share Exchange","jir_og_description":"Hikari Tsushin plans to acquire all shares of FT Group and make it a wholly owned subsidiary effective August 1, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7400,"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-38291","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n