Worth reading
73In 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
8152155
SharesWording
Definitive
How definitive the wording is.Decision and Details
FTGroup's annual general meeting of shareholders and Board of Directors; Hikari Tsushin (shareholder approval omitted)Post-event disclosure matters relating to the share exchange
Decision23 June 2026 (approval of the share exchange agreement and resolution to cancel treasury shares by FTGroup), 31 March 2026 (execution of the share exchange agreement)
Implementation1 August 2026 (effective date; completed)
Quantity / scaleShares transferred: 8,152,155; shares delivered: 244,564; treasury shares cancelled: 613,813; exchange ratio: 0.03 Hikari Tsushin common shares for each FTGroup common share
Reason
Because these are post-transaction disclosure matters prescribed by Article 791(1)(ii), Article 801(3)(iii) of the Companies Act and Article 190 of the Ordinance for Enforcement of the Companies Act
Impact on Business Performance
There was no change in the amount of stated capital or capital reserves. Impact on financial results: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Post-event disclosure matters relating to the share exchange |
| Decision-Making Body | FTGroup's annual general meeting of shareholders and Board of Directors; Hikari Tsushin (shareholder approval omitted) |
| Decision Date | 23 June 2026 (approval of the share exchange agreement and resolution to cancel treasury shares by FTGroup), 31 March 2026 (execution of the share exchange agreement) |
| Implementation Date | 1 August 2026 (effective date; completed) |
| Quantity / scale | Shares transferred: 8,152,155; shares delivered: 244,564; treasury shares cancelled: 613,813; exchange ratio: 0.03 Hikari Tsushin common shares for each FTGroup common share |
| Impact on Business Performance | There was no change in the amount of stated capital or capital reserves. Impact on financial results: Not disclosed |
| Reason | Because these are post-transaction disclosure matters prescribed by Article 791(1)(ii), Article 801(3)(iii) of the Companies Act and Article 190 of the Ordinance for Enforcement of the Companies Act |
| Governing Rule | Articles 783(1), 784-2, 785, 787, 789, 795(1), 796(2) and (3), 796-2, 797, 799, 791(1)(ii) and 801(3)(iii) of the Companies Act; Article 190 of the Ordinance for Enforcement of the Companies Act; Articles 155(2) and 161(2) of the Act on Book-Entry Transfer of Company Bonds and Shares |
| Related previous disclosures | Share exchange agreement dated 31 March 2026; electronic public notice dated 10 July 2026 |
Items this document does not state (3)
Period CoveredAmountFuture 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 disclosure reports the post-transaction disclosure matters for the share exchange required under the Companies Act. It does not state the purpose or background of the share exchange.
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.