May 30, 2017 8:20 AM ET

Capital Markets

Company Overview of Takagi Securities Co., Ltd.

Company Overview

Takagi Securities Co., Ltd., through its subsidiaries, provides financial investment services in Japan. It offers securities brokerage and clerical services; trades in, underwrites, and sells financial instruments; and develops and manages information and communication systems. The company was formerly known as Takagi Exchange Shop and changed its name to Takagi Securities Co., Ltd. in April 1944. Takagi Securities Co., Ltd. was founded in 1873 and is based in Osaka, Japan. As of April 4, 2017, Takagi Securities Co., Ltd. operates as a subsidiary of Tokai Tokyo Financial Holdings, Inc.

Osaka Station First Building

4th Floor

1-3-1-400 Umeda

Kita-ku

Osaka,  530-0001

Japan

Founded in 1873

369 Employees

Phone:

81 6 6345 1221

Key Executives for Takagi Securities Co., Ltd.

President, Executive Officer and Representative Director
Age: 60
President, Head of Sales Division, Executive Officer and Representative Director
Head of General Affairs & Finance, Managing Director, General Manager of Administration, Manager of Underwriting Review Department and Executive Officer
Age: 52
Head of Sales Division, Senior Managing Director and Executive Officer
Age: 58
Head of Human Resources, Head of Sales Division, Vice President, Executive Officer and Representative Director
Age: 56
Compensation as of Fiscal Year 2016.

Takagi Securities Co., Ltd. Key Developments

Takagi Securities To Be Delisted From 2nd Section Of Market Division Of Tokyo Stock Exchange

Takagi Securities Co., Ltd. will be delisted from the 2nd section of market division of Tokyo Stock Exchange, effective April 28, 2017. The delisted is due to acquisition by a demand for share, etc. cash-out.

Takagi Securities Co., Ltd. to Report Fiscal Year 2017 Results on Apr 27, 2017

Takagi Securities Co., Ltd. announced that they will report fiscal year 2017 results on Apr 27, 2017

Tokyo Stock Exchange Designates Takagi Securities Stock As Securities Under Supervision (Confirmation)

Tokyo Stock Exchange (TSE) has designated Takagi Securities Co.,Ltd. stock as Securities Under Supervision (Confirmation). The period of designation is from Feb. 20, 2017 to the day when TSE determines whether the company has fallen under the delisting criteria under provision of Enforcement Rules for Securities Listing Regulations, Rule 605, Paragraph 1, Item 21-2 and Item 22 of the same paragraph (due to TSE deeming that the stock may fall under cases where a special controlling shareholder has made an announcement equivalent to disclosing information regarding a decision that it makes to demand the sale of shares, etc. and where the Exchange deems delisting as appropriate.) At the board of directors meeting held on February 20, 2017, Takagi Securities Co.,Ltd. (hereinafter "the Company") adopted a resolution that indicated approval to a takeover bid to be made by Tokai Tokyo Financial Holdings, Inc. (hereinafter "the bidder") for shares of the Company, which is premised on subsequent delisting of the shares. (1) If the takeover bid is completed with the bidder acquiring 90% or above of the total voting rights of the Company, the bidder will demand the sale of all remaining shares; and (2) If the takeover bid is completed with the bidder failing to acquire 90% or above of the total voting rights of the Company, the bidder will demand the Company to put forth an agenda item regarding a reverse stock split with the ratio at which the number of shares held by the shareholders (excluding the bidder) of the Company will be a fraction less than one share at a general shareholders meeting after the completion of the takeover bid. In the case of the above (1), if the Company approves the demand at the board meeting, the stocks of the Company will be delisted. In the case of the above (2), if the agenda item is approved in a resolution at the general shareholders meeting of the Company, the stock of the Company will be deemed appropriate to be delisted. As such, based on this announcement, TSE deems that the stock of the Company is likely to be delisted, and designates such stocks as Securities Under Supervision (Confirmation).

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 20, 2017
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