Hikari Tsushin to Make IC Corporation a Wholly Owned Subsidiary via Share Exchange

Hikari Tsushin, Inc. ( (JP:9435) ) just unveiled an update.

Hikari Tsushin, Inc. has approved a simplified share exchange to make IC Corporation Co., Ltd. a wholly owned subsidiary, using a structure in which Hikari Tsushin becomes the parent company without needing its own shareholder approval under the Companies Act. IC Corporation shareholders are scheduled to receive 217 Hikari Tsushin shares for each IC Corporation share, with 21,700 Hikari Tsushin treasury shares planned for delivery once IC Corporation’s extraordinary shareholders meeting approves the deal.

The transaction, set to take effect on May 15, 2026, is relatively small compared with Hikari Tsushin’s overall scale but is expected to bolster group sales capabilities by deepening collaboration in the corporate market. Management believes the integration will enhance the corporate value of both companies by aligning IC Corporation’s IT and security hardware sales strengths with Hikari Tsushin’s broader suite of services for business customers and streamlining group structure through full ownership.

The most recent analyst rating on (JP:9435) stock is a Hold with a Yen43200.00 price target. To see the full list of analyst forecasts on Hikari Tsushin, Inc. stock, see the JP:9435 Stock Forecast page.

More about Hikari Tsushin, Inc.

Hikari Tsushin, Inc. is a Japan-based conglomerate whose group companies operate across electricity and gas, telecommunications, beverage, insurance, finance, solutions, and commission-based sales businesses, with a particular focus on corporate clients. IC Corporation and its subsidiaries complement this portfolio through sales of information and telecommunications equipment, PC servers, and security devices aimed at business customers.

Average Trading Volume: 90,916

Technical Sentiment Signal: Buy

Current Market Cap: Yen1712.6B

Learn more about 9435 stock on TipRanks’ Stock Analysis page.