TOKYO, Apr 20 (Pulse News Wire) – Hikari Tsushin,inc. (9435.T) completed a share swap agreement today to fully acquire IC Corporation, aiming to enhance its corporate value through deeper integration of their businesses.
The swap ratio was determined based on independent valuation by Aoyama Trust Accounting Co., ensuring fairness and,: TOKYO, Apr 20 (Pulse News Wire) – Hikari Tsushin,inc. (9435.T) completed a share swap agreement today to fully acquire IC Corporation, aiming to enhance its corporate value through deeper integration of their businesses. The swap ratio was determined based on independent valuation by Aoyama Trust Accounting Co., ensuring fairness and appropriateness. Under the agreement, HIKARI TSUSHIN will issue 217 shares for each IC Corporation share held by shareholders prior to the exchange's effective date on May 15, 2026.
According to the disclosure, HIKARI TSUSHIN’s capital stood at ¥1 billion as of March 31, 2025, while IC Corporation had a net asset value of ¥5.358 billion as of September 30, 2025. The swap does not require shareholder approval due to the relatively small size of IC Corporation compared to HIKARI TSUSHIN, meeting criteria outlined in the Companies Act. Post-acquisition, HIKARI TSUSHIN expects minimal impact on its consolidated performance. The company plans to disclose any significant developments promptly moving forward.
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