Shibaura Electronics to delist from TSE, establishes China subsidiary

Shibaura Electronics, trading on the TSE Standard Market (6957), announced on December 23, 2025, that shareholders approved a share consolidation at a ratio of 2,177,616 shares into one share, leading to a total of 7 outstanding shares. This will result in the company's delisting from the Tokyo Stock Exchange, with its last trading day scheduled for January 9, 2026, and delisting on January 13, 2026. The effective date for the share consolidation is January 15, 2026. This move is part of a transaction intended to make YAGEO Electronics Japan the sole shareholder.

The company also announced the establishment of a wholly-owned subsidiary, Shibaura Electronic International Trading (Shanghai) Co., Ltd., with a capital of 250 yuan. The new subsidiary, located in Shanghai, China, is expected to be established in January 2026 and begin operations in February 2026. It will focus on selling thermistors to customers in China, aiming to strengthen sales functions and expand market share in the growing thermistor market.

Any fractional shares resulting from the consolidation will be sold, with proceeds paid to shareholders. YAGEO Electronics Japan, identified as the acquirer of these fractional shares, will finance the acquisition using its cash on hand. The company assesses the financial impact of the new subsidiary on its consolidated results for the fiscal year ending March 2026 as minor.