KTC (Kyoto Kikai Kogu) (5966) said it completed on Oct. 1, 2026 the absorption-type merger of two wholly owned subsidiaries, Hokuriku KTC Tool and HI-TOOL, as originally scheduled.
The company, listed on the Standard market of the Tokyo Stock Exchange, first announced the plan in a notice dated March 11, 2026. Its Oct. 1 release confirmed that the merger had taken effect that day, in line with the original schedule.
Under the absorption-type merger, KTC is the surviving company, and Hokuriku KTC Tool and HI-TOOL have been absorbed into the parent. Both were wholly owned by KTC before the merger.
| Item | Detail |
|---|---|
| Surviving company | KTC (Kyoto Kikai Kogu) (5966) |
| Absorbed companies | Hokuriku KTC Tool, HI-TOOL |
| Initial announcement | March 11, 2026 |
| Effective date | Oct. 1, 2026 |
KTC said the merger consolidates management resources to improve efficiency across production, sales, development and administration on a company-wide basis, while strengthening corporate governance and internal controls. The company said it aims to raise corporate value on both the offensive and defensive fronts.
The notice was issued under the name of Representative Director and President Kazuhiko Ibuki. It did not disclose any financial impact from the merger or other figures.
| 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 |
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