TOKYO, Mar 31 (Pulse News Wire) – Hikari Tsushin,inc. (9435.T) announced today that its board approved a simplified share exchange to fully acquire subsidiary FT GROUP (not yet traded).
The deal aims to address FT GROUP's growth challenges and potential long-term performance decline. Under the agreement, shareholders of FT GROUP will receive 0.03 shares of HIKARI TSUSHIN for each share held. The transaction is set to close on March 31, 2026, making FT GROUP a wholly-owned subsidiary. FT GROUP’s trading will cease on February 10, 2025.
Key figures show HIKARI TSUSHIN had a capital of ¥54.26 billion as of December 31, 2025, while FT GROUP reported operating profit of 9,282 million yen for the fiscal year ending March 31, 2025. Both companies' boards agreed the exchange ratio ensures fair value and benefits respective stakeholders. The acquisition is expected to have minor impact on HIKARI TSUSHIN's consolidated earnings. Further developments will be disclosed promptly if necessary.
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