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MTI Affirms Independence Despite 34% Stake Held by Hikari Tsushin

Story Highlights
  • MTI identifies Hikari Tsushin as an affiliated company holding 34.28% of its voting rights.
  • Despite Hikari Tsushin’s large stake and board role, MTI maintains operational independence and no significant transactions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MTI Affirms Independence Despite 34% Stake Held by Hikari Tsushin

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An announcement from MTI Ltd. ( (JP:9438) ) is now available.

MTI Ltd. has disclosed that HIKARI TSUSHIN, INC. is classified as an “other affiliated company,” holding 34.28% of MTI’s voting rights through multiple investment partnerships and related entities as of September 30, 2025. Despite this significant stake and the appointment of HIKARI TSUSHIN’s President and Representative Director as an outside auditor on MTI’s board, the company stresses that its independent decision-making remains intact, citing the absence of business constraints, secondments, or material transactional relationships with the affiliate, and framing the outside appointment as a move to strengthen its management system.

The most recent analyst rating on (JP:9438) stock is a Buy with a Yen800.00 price target. To see the full list of analyst forecasts on MTI Ltd. stock, see the JP:9438 Stock Forecast page.

More about MTI Ltd.

MTI Ltd., listed on the Tokyo Stock Exchange Prime Market, operates in the information and communications sector under securities code 9438. The company provides digital services and solutions, with a shareholder base that includes major strategic investors such as HIKARI TSUSHIN, INC., reflecting close capital ties within Japan’s telecom and IT-related ecosystem.

Average Trading Volume: 42,026

Technical Sentiment Signal: Hold

Current Market Cap: Yen39.75B

Learn more about 9438 stock on TipRanks’ Stock Analysis page.

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