TSUKISHIMA HOLDINGS extends gains, market eyes share exchange ratio in business integration with Mitsubishi Kakoki Kaisha

TSUKISHIMA HOLDINGS CO.,LTD. <6332> continued to rise. After market close on Sep 30, TSUKISHIMA HOLDINGS announced a management integration through a share exchange with Mitsubishi Kakoki Kaisha, Ltd. <6331>. As part of the integration, a share exchange will be conducted with an effective date of Apr 1, 2027, under which Mitsubishi Kakoki Kaisha will become the wholly owning parent company and TSUKISHIMA HOLDINGS will become a wholly owned unit. Under the terms, 0.88 Mitsubishi Kakoki Kaisha shares will be allotted for each TSUKISHIMA HOLDINGS share, with buying driven by awareness of the share exchange ratio.

By maximizing the use of both companies' technological capabilities, customer bases, and business expertise, the integration aims to build a solid business foundation and further enhance corporate value. The companies intend to maximize synergies, targeting group net sales of 350 billion yen (versus a forecast of 230 billion yen for the fiscal year ending Mar 2027) and operating profit of over 30 billion yen (versus 20 billion yen) for the fiscal year ending Mar 2036.

TSUKISHIMA HOLDINGS is scheduled to be delisted as of Mar 30, 2027. Following delisting, Mitsubishi Kakoki Kaisha will become a joint holding company, Mitsubishi Tsukishima Kakoki Holdings, and is planned by about Jul 1 to hold under its umbrella Mitsubishi Tsukishima Kakoki Kikai, which will take over the industrial machinery businesses of both groups, along with other units excluding Tsukishima Kikai, a unit of TSUKISHIMA HOLDINGS. The companies are also reportedly considering consolidating water treatment operations into Tsukishima JFE Aqua Solution, though details have not been finalized.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.