Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Hogy Medical Co ( (JP:3593) ) has provided an update.
Hogy Medical Co. shareholders have approved a drastic share consolidation that will merge 7,186,355 existing common shares into one share, reducing the total number of issued shares from 22,535,463 to just three. As a result, almost all shareholders except TCG2509 Co., Ltd. will see their holdings converted into fractional shares that will be cashed out.
The company’s stock will meet Tokyo Stock Exchange delisting criteria, be designated as “stock to be delisted” from April 24 to May 14, 2026, and be removed from the Prime Market on May 15, 2026. Following court approval, the fractional shares are planned to be sold to TCG2509 at a price aligned with the prior tender offer, effectively making TCG2509 the sole shareholder and taking Hogy Medical private.
More about Hogy Medical Co
Hogy Medical Co., Ltd. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market under securities code 3593. The company operates in the medical sector, though this release focuses on its capital structure and listing status rather than its specific products or services. Its shareholder base is undergoing significant change as it moves toward a controlled ownership structure.
Average Trading Volume: 76,840
Technical Sentiment Signal: Buy
Current Market Cap: Yen143.6B
For detailed information about 3593 stock, go to TipRanks’ Stock Analysis page.