Worth reading
76Important
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Neutral
Direction inferred from the company’s description.Scale
3339903
SharesWording
Definitive
How definitive the wording is.Decision and Details
KOBELCO WIRE COMPANY,LTD.'s general meeting of shareholders, KOBE STEEL, LTD.'s simplified share exchange procedure, and KOBELCO WIRE COMPANY,LTD.'s Board of Directors (cancellation of treasury shares)Post-event disclosure document relating to the share exchange
Decision11 May 2026 (date of execution of the share exchange agreement), 26 June 2026 (resolution at KOBELCO WIRE COMPANY,LTD.'s general meeting of shareholders), and 5 August 2026 (resolution to cancel treasury shares)
Implementation1 September 2026 (effective date; completed)
AmountAmount of increase in stated capital: ¥0; capital reserve: an amount separately and appropriately determined by KOBE STEEL, LTD. in accordance with Article 39 of the Companies Accounting Regulations; amount of increase in earned reserve: ¥0
Quantity / scaleNumber of KOBELCO WIRE COMPANY,LTD. shares transferred: 3,339,903 shares; number of KOBE STEEL, LTD. shares delivered: 3,139,508 shares; share exchange ratio: 0.94 common shares of KOBE STEEL, LTD. for each common share of KOBELCO WIRE COMPANY,LTD.; treasury shares cancelled: 3,574 shares
Reason
Because the share exchange was conducted under the share exchange agreement dated 11 May 2026, making KOBE STEEL, LTD. the wholly owning parent company and KOBELCO WIRE COMPANY,LTD. its wholly owned subsidiary. KOBE STEEL, LTD. used the simplified share exchange procedure, while KOBELCO WIRE COMPANY,LTD. obtained approval of the agreement through a resolution at its general meeting of shareholders held on 26 June 2026.
| Item | Details |
|---|---|
| Matter Covered | Post-event disclosure document relating to the share exchange |
| Decision-Making Body | KOBELCO WIRE COMPANY,LTD.'s general meeting of shareholders, KOBE STEEL, LTD.'s simplified share exchange procedure, and KOBELCO WIRE COMPANY,LTD.'s Board of Directors (cancellation of treasury shares) |
| Decision Date | 11 May 2026 (date of execution of the share exchange agreement), 26 June 2026 (resolution at KOBELCO WIRE COMPANY,LTD.'s general meeting of shareholders), and 5 August 2026 (resolution to cancel treasury shares) |
| Implementation Date | 1 September 2026 (effective date; completed) |
| Amount | Amount of increase in stated capital: ¥0; capital reserve: an amount separately and appropriately determined by KOBE STEEL, LTD. in accordance with Article 39 of the Companies Accounting Regulations; amount of increase in earned reserve: ¥0 |
| Quantity / scale | Number of KOBELCO WIRE COMPANY,LTD. shares transferred: 3,339,903 shares; number of KOBE STEEL, LTD. shares delivered: 3,139,508 shares; share exchange ratio: 0.94 common shares of KOBE STEEL, LTD. for each common share of KOBELCO WIRE COMPANY,LTD.; treasury shares cancelled: 3,574 shares |
| Reason | Because the share exchange was conducted under the share exchange agreement dated 11 May 2026, making KOBE STEEL, LTD. the wholly owning parent company and KOBELCO WIRE COMPANY,LTD. its wholly owned subsidiary. KOBE STEEL, LTD. used the simplified share exchange procedure, while KOBELCO WIRE COMPANY,LTD. obtained approval of the agreement through a resolution at its general meeting of shareholders held on 26 June 2026. |
| Governing Rule | Companies Act, Article 791, paragraph 1, item 2; Article 801, paragraph 3, item 3; Articles 784-2, 785, 787, 789, 796, paragraphs 2 and 3, 796-2, 797, 799 and 783, paragraph 1; Companies Accounting Regulations, Article 190; Act on Book-Entry Transfer of Company Bonds and Shares, Article 155, paragraph 2 and Article 161, paragraph 2; Companies Accounting Regulations, Article 39 |
| Related previous disclosures | Share exchange agreement dated 11 May 2026 |
Items this document does not state (3)
Period CoveredImpact on Business PerformanceFuture plans
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This was carried out under the share exchange agreement entered into by KOBE STEEL, LTD. and KOBELCO WIRE COMPANY,LTD. on 11 May 2026. KOBE STEEL, LTD. used the simplified share exchange procedure, while KOBELCO WIRE COMPANY,LTD. obtained shareholder approval.
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