TOKYO, May 11 (Pulse News Wire) – Kobe Steel,ltd. (5406.T) and Koyo Wire Industry Co., Ltd.
Agreed to a share swap making Kobe Steel the parent company and Koyo Wire a wholly-owned subsidiary. The swap, set to take effect on September 1, 2026, follows approval by their respective boards held today. Under the agreement, Koyo Wire's ordinary shares will delist from the Tokyo Stock Exchange on August 28, 2026, with trading ceasing on August 27.
As of March 31, 2026, Kobe Steel holds 10.01% of Koyo Wire’s outstanding shares. The move aims to eliminate structural conflicts of interest between shareholders and enhance operational efficiency and strategic alignment within the Kobelco Group. Key synergies expected post-acquisition include leveraging combined expertise in materials and processing technologies to enter new markets, particularly in engineering-related sectors and high-value products.
Additionally, Kobe Steel plans to strengthen Koyo Wire's overseas presence through its global network and trading partners.
🟡 Confidence: Standard AI-translated content.