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Fujitec Co., Ltd. ( (JP:6406) ) has shared an announcement.
Fujitec shareholders have approved a drastic share consolidation that will reduce 78,375,024 common shares to just 12, effectively transferring full ownership to Bospolder 1 K.K. and Uchiyama International Co., Ltd. The move, accompanied by abolition of share unit number provisions and amendments to the Articles of Incorporation, will cause the stock to meet Tokyo Stock Exchange delisting criteria, with trading scheduled to cease on March 23, 2026.
Minority shareholders will see their holdings converted into fractional shares, which the company plans to sell in bulk to Bospolder 1 K.K. with court approval, then distribute the proceeds pro rata based on a reference price of ¥5,700 per share. This transaction completes a broader effort to take Fujitec private, ending its presence on the Prime Market and concentrating control with a small group of investors, which may reshape governance and strategic decision‑making away from public market scrutiny.
The most recent analyst rating on (JP:6406) stock is a Hold with a Yen6152.00 price target. To see the full list of analyst forecasts on Fujitec Co., Ltd. stock, see the JP:6406 Stock Forecast page.
More about Fujitec Co., Ltd.
Fujitec Co., Ltd. is a Japanese manufacturer in the building transportation sector, best known for its elevators, escalators, and related systems. The company focuses on urban infrastructure and commercial and residential buildings, serving both domestic and international markets through installation, maintenance, and modernization services.
Average Trading Volume: 226,203
Technical Sentiment Signal: Buy
Current Market Cap: Yen430.2B
Find detailed analytics on 6406 stock on TipRanks’ Stock Analysis page.