Tsukishima Holdings (6332) and Mitsubishi Kakoki (6331) signed business integration and share exchange agreements on Sept. 30, 2026, to combine under a joint holding company on April 1, 2027, and Tsukishima separately approved a buyback of up to 1 million shares worth up to ¥3.0 billion.
Under the plan, Mitsubishi Kakoki will transfer all of its businesses, except certain functions needed to operate as a holding company, to MKK Next, a wholly owned subsidiary set up on Sept. 30, through an absorption-type company split. Conditional on the split taking effect, Mitsubishi Kakoki will become the wholly owning parent of Tsukishima Holdings through the share exchange and change its name to Mitsubishi Tsukishima Kakoki Holdings. Group businesses will then be reorganized under the holding company. The companies said the integration is based on a spirit of equality.
Tsukishima was founded in 1905. Mitsubishi Kakoki was established in 1935 with investment from Mitsubishi group companies and Tsukishima, then Tsukishima Kikai. Both operate in single-unit machinery, engineering and water environment businesses.
| Item | Target, FY to March 2036 |
|---|---|
| Group net sales | ¥350.0 billion |
| Group operating profit | ¥30.0 billion or more |
| Synergies: net sales | ¥50.0 billion |
| Synergies: operating profit | ¥8.0 billion |
Tsukishima's buyback covers up to 1 million common shares, or 2.5% of shares outstanding excluding treasury stock, through market purchases on the Tokyo Stock Exchange under a discretionary trading contract. All shares acquired are to be cancelled immediately before Mitsubishi Kakoki acquires all of Tsukishima's issued shares in the share exchange. As of Aug. 31, 2026, Tsukishima had 40,125,800 shares issued and held 524,577 treasury shares.
Next steps: The buyback runs from Oct. 5, 2026 to March 19, 2027. The company split and share exchange are scheduled to take effect April 1, 2027, subject to approval at both companies' shareholder meetings and receipt of required permits.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
Summaries of public disclosures by Japanese listed companies. Not investment advice; accuracy not guaranteed. Figures and dates in the TDnet originals prevail.
本站內容為日本上市公司公開開示之摘要整理，非投資建議，亦不保證正確。數字與日程以 TDnet 原文為準。
本サイトは日本の上場企業の適時開示を要約したものであり、投資助言ではありません。正確性は保証しません。数値・日程は TDnet の原文が優先します。