Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Name of transactionCounterparty (target company)Target company name
Disclosing companyNAC CO.,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Business description of the target company
Location Chiba Prefecture, Ichihara CityShare capital ¥20 millionDate of incorporation 1 December 1994
Consideration and expenses
Type of ConsiderationShares (share exchange)
Impact on Business Performance
HIKARI TSUSHIN,INC. has determined that the impact of this share exchange on its consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionApproval of the execution of the share exchange agreement at 洋光’s extraordinary general meeting of shareholders, and the simplified share exchange procedure carried out by the company under Article 796, Paragraph 2 of the Companies Act. No notice of objection was received.
Management structure after acquisitionThe representative director changed on 1 October 2026. Details of the new representative and others were not disclosed.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | Target company name |
| Name of the Subject Company | Target company name |
| Business Description of the Subject Company | Business description of the target company |
| Location of the Subject Company | Chiba Prefecture, Ichihara City |
| Capital Stock of the Subject Company | ¥20 million |
| Date of Establishment of the Subject Company | 1 December 1994 |
| Type of Consideration | Shares (share exchange) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | HIKARI TSUSHIN,INC. has determined that the impact of this share exchange on its consolidated results will be immaterial. |
| Date of board resolution | 28 August 2026 |
| Contract Date | 28 August 2026 |
| Execution Date / Effective Date | 1 October 2026 |
| Conditions Precedent to Execution | Approval of the execution of the share exchange agreement at 洋光’s extraordinary general meeting of shareholders, and the simplified share exchange procedure carried out by the company under Article 796, Paragraph 2 of the Companies Act. No notice of objection was received. |
| Management structure after acquisition | The representative director changed on 1 October 2026. Details of the new representative and others were not disclosed. |
Items this document does not state (17)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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.No specific reason for carrying out the share exchange was 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.