Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
597000
MT common shares (shares)Wording
Definitive
How definitive the wording is.Decision and Details
MTS shareholders' meeting (approval of this share exchange agreement); no shareholder approval for MT because the transaction was a simplified share exchange under Article 796, Paragraph 2 of the Companies ActShare exchange under which MT will become the wholly owning parent company and MTS the wholly owned subsidiary
Decision18 August 2026 (MTS shareholders' meeting resolution)
Implementation11 September 2026 (effective date; completed)
Quantity / scale30,000 MTS shares transferred to MT; 597,000 MT common shares delivered by MT; exchange ratio: 19.9 MT common shares for each 1 MTS common share
Reason
Post-transaction disclosure pursuant to Article 791, Paragraph 1, Item 2 and Article 801, Paragraph 3, Item 3 of the Companies Act and Article 190 of the Ordinance for Enforcement of the Companies Act; other business reasons: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Share exchange under which MT will become the wholly owning parent company and MTS the wholly owned subsidiary |
| Decision-Making Body | MTS shareholders' meeting (approval of this share exchange agreement); no shareholder approval for MT because the transaction was a simplified share exchange under Article 796, Paragraph 2 of the Companies Act |
| Decision Date | 18 August 2026 (MTS shareholders' meeting resolution) |
| Implementation Date | 11 September 2026 (effective date; completed) |
| Quantity / scale | 30,000 MTS shares transferred to MT; 597,000 MT common shares delivered by MT; exchange ratio: 19.9 MT common shares for each 1 MTS common share |
| Reason | Post-transaction disclosure pursuant to Article 791, Paragraph 1, Item 2 and Article 801, Paragraph 3, Item 3 of the Companies Act and Article 190 of the Ordinance for Enforcement of the Companies Act; other business reasons: Not disclosed |
| Governing Rule | Article 791, Paragraph 1, Item 2; Article 783, Paragraph 1; Article 784-2; Article 785; Article 787; Article 789; Article 795, Paragraph 1; Article 796, Paragraphs 2 and 3; Article 796-2; Article 797; Article 799; Article 801, Paragraph 3, Item 3 of the Companies Act; Article 190 of the Ordinance for Enforcement of the Companies Act; Article 161, Paragraph 2 of the Act on Book-Entry Transfer of Company Bonds, Shares, etc. |
| Related previous disclosures | Share exchange agreement dated 31 July 2026; MTS shareholders' meeting resolution and notice/public notice dated 18 August 2026 |
Items this document does not state (4)
Period CoveredAmountImpact 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 is a post-transaction disclosure for the share exchange under the Companies Act and the Ordinance for Enforcement of the Companies Act. No specific business reason is stated.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.