Makino Milling Machine completes simplified share exchange with three subsidiaries

TOKYO, Jul 31 (Pulse News Wire) – Makino Milling Machine CO.,LTD. (6135.T) resolved to implement a simplified share exchange with three subsidiaries—Makino Technology Service Co., Ltd., Makino Corporation, and Makino Logistics Co., Ltd.—at a board meeting held .

The exchanges aim to enhance operational flexibility within the corporate group and improve resource utilization efficiency. Under the agreement, Makino Milling Machine will acquire shares from the three companies through a series of share exchanges scheduled to take effect on September 11, 2026. Key ratios include a 19.9-to-1 ratio for Makino Technology Service, a 41.0-to-1 ratio for Makino Logistics, and a 0.12-to-1 ratio for Makino Fraise Research Institute.

The company plans to use treasury shares to fulfill the share issuance requirements without issuing new shares. Capital structure and key financial metrics remain unchanged post-exchange. The capital of Makino Milling Machine stands at ¥1 billion, with a total asset value of ¥1000 billion and net assets of ¥400 billion as of March 31, 2026.

The company's revenue reached ¥1000 billion, operating profit was ¥100 billion, ordinary profit was ¥80 billion, and net profit attributable to shareholders was ¥60 billion.