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The latest announcement is out from Digital Holdings, Inc. ( (JP:2389) ).
Digital Holdings, Inc. has secured shareholder approval for an extreme share consolidation that will shrink its 18,675,907 outstanding common shares to just two, effectively ending its status as a widely held public company. The move aligns with a plan by major shareholder Hakuhodo DY Holdings Inc. to become the firm’s sole owner and accelerate its transition to a fully controlled subsidiary.
As a result of the consolidation and related charter amendments, Digital Holdings’ stock will meet delisting criteria on the Tokyo Stock Exchange and is scheduled to be removed from the Prime Market on March 19, 2026. Minority investors will not retain equity, as their post-consolidation fractional shares will be cashed out, with the company planning to sell the aggregated fractions to Hakuhodo DY Holdings following court approval and return proceeds to shareholders.
The most recent analyst rating on (JP:2389) stock is a Buy with a Yen2215.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
More about Digital Holdings, Inc.
Digital Holdings, Inc., listed on the Tokyo Stock Exchange Prime Market under code 2389, operates in Japan’s digital and advertising-related services sector. The company has close capital ties with Hakuhodo DY Holdings Inc., which has pursued a tender offer to make Digital Holdings a wholly owned subsidiary and remove its shares from public trading.
Average Trading Volume: 75,622
Technical Sentiment Signal: Buy
Current Market Cap: Yen32.21B
Learn more about 2389 stock on TipRanks’ Stock Analysis page.