Latest Tokyo Brief coverage on HIKARI TSUSHIN,INC., tracking filings, financial news, and market signals from Japan.
TSE:9435
Holders tendered 9,057,536 JPMC shares at ¥2,270, above the 5,049,300 minimum, but the bidders will still need a share-consolidation vote before the planned delisting from the Prime market, with settlement starting October 13.
K891, a vehicle controlled by Hikari Tsushin, has filed a ¥1,000-per-share tender offer for Leopalace21 that would hand the bidder group 66.36% of voting rights at minimum, with Hikari Tsushin, MBK Partners and NEC Capital Solutions set to hold roughly a third each of the buyer's parent once fresh capital comes in after the offer closes.
Amsterdam1 and Amsterdam2 raised their tender offer for Japan Property Management Center to ¥2,270 a share on September 14, but cut the shares they plan to buy and lowered the acceptance minimum after agreeing that Hikari Tsushin group shareholders, holding 9.93% of the company, would sit the tender out entirely, with 8.69% of that stake later sold to JPMC as treasury stock through a related entity.
Hikari Tsushin is refinancing maturing debt with a four-year tranche priced at 3.021% and a seven-year tranche at 3.977%, both rated A/A+ and drawn from a ¥200bn shelf programme registered in July 2025.
Selling 51% of its electricity retailer to a Hikari Tsushin unit will cut Remixpoint's revenue guidance by over a third, but a one-off gain lifts its profit guidance by a similar margin, and the roughly ¥18bn freed up is earmarked for grid-scale batteries and acquisitions.
The number: Hikari Tsushin ended the year to March 2026 with ¥151.0bn in parent net profit, ¥734.8bn in revenue and ¥2.85tn in total assets.
The latest large-shareholding report shows Hikari Tsushin and a joint holder owning 993,300 JRC shares, or 7.57%, after the stake climbed more than 1 percentage point from the prior filing.