TOHO TITANIUM COMPANY,LIMITED [5727.T]
TOKYO, May 08 (Pulse News Wire) – Toho Titanium Company,limited (5727.T) disclosed plans for a share swap with JX Metal Co., Ltd. aimed at achieving operational integration.
On February 25, 2026, the board of directors resolved to make JX Metal the complete parent company through a stock exchange, with Toho Titanium becoming its wholly-owned subsidiary. A stock exchange agreement was signed on the same day. The proposed share swap requires approval from a special shareholders' meeting scheduled for April 24, 2026. Assuming approval, the transaction will take effect on June 1, 2026.
As part of this process, Toho Titanium's shares will delist on May 28, 2026, with trading ceasing on May 27, 2026. To safeguard minority shareholder interests, measures ensuring fairness and avoiding conflicts of interest have been implemented. Detailed information on these safeguards was previously released on February 25, 2026, titled “Announcement Regarding Share Swap Agreement and Business Integration Contract for Full Subsidiarization of Toho Titanium by JX Metal.” JX Metal currently holds 50.41% of Toho Titanium’s voting rights, making it the controlling shareholder. Despite this relationship, transactions between the two companies represent a minor portion of Toho Titanium’s consolidated sales, minimizing potential conflicts of interest.
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