Mitsubishi Materials Corporation (5711) will set up a wholly owned subsidiary to take over the domestic cutting-tool sales businesses of the company and its wholly owned unit MOLDINO, with its own transferred division having posted sales of ¥147.27 billion in the year ended March 2026 and the splits slated to take effect April 1, 2027.
The board approved the plan on Oct. 7, 2026. The new company will be established as Tools Junbi Kaisha, headquartered in Omiya-ku, Saitama, and is scheduled to be renamed Mitsubishi Materials Tools Corporation on April 1, 2027. It will take over the businesses through absorption-type company splits from both Mitsubishi Materials and MOLDINO.
Since making MOLDINO a wholly owned subsidiary in 2020, the two companies have sold in Japan through separate sales organizations. The company said the integration aims to build a faster decision-making structure to respond to changes in the domestic market, consolidate sales offices and back-office functions, and strengthen sales competitiveness and customer proposals by combining the two companies' product lines and sales know-how.
The splits qualify as simplified absorption-type splits under Article 784(2) of the Companies Act, so neither company will hold a shareholder meeting to approve them. No consideration will be paid, and Mitsubishi Materials' capital will not change. The new company will start with capital of ¥1 million and plans to raise it to ¥100 million by April 1, 2027.
| Mitsubishi Materials division to be transferred | Figure |
|---|---|
| Sales (FY to March 2026) | ¥147.27 billion |
| Operating profit | ¥14.30 billion |
| Ordinary profit | ¥15.15 billion |
| Assets / liabilities (book value, March 31, 2026) | ¥1,184 million / ¥579 million |
Next steps: The new company is scheduled to be established and the split agreements signed in late October 2026. The splits are scheduled to take effect, and the new company to begin operations, on April 1, 2027.
| 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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