What are the key dates for Toho Titanium’s delisting and share exchange?

Toho Titanium is scheduled to delist on May 28, and the share exchange becomes effective on June 1. After the effective date, eligible shareholders should receive JX shares at the fixed 0.70-for-1 ratio. Check your broker’s timeline for processing, as settlement and posting of new shares can vary by firm.

What will Toho Titanium shareholders receive in this transaction?

Shareholders will receive JX shares based on the fixed share exchange ratio of 0.70 JX share for each Toho Titanium share they hold as of the effective date. There is no cash component disclosed in the provided information. For any fractional share treatment, follow guidance from your broker and the company.

How can I estimate the value of my Toho Titanium shares before delisting?

Multiply JX’s current share price by 0.70 to get the ratio-implied value per Toho Titanium share. Compare that to Toho Titanium’s market price. Consider trading costs, tax effects, and timing. Spreads often narrow as completion nears, but market swings in JX can still change the implied value day to day.

Do I need to take any action before the share exchange completes?

Most brokers process corporate actions automatically, so many investors may not need to act. Still, review notices, confirm your share count, and check how fractional shares and fees will be handled. If you use a NISA account, verify how the exchange will be recorded and whether any documents are required.

Global Market Insights

Toho Titanium Today, February 25: JX Metals to Delist Unit via Share Swap

ByHuzaifa Zahoor February 25, 2026February 25, 2026

Toho Titanium is set to delist on May 28 as JX Metals moves to make it a wholly owned subsidiary through a share exchange. The share exchange ratio is 0.70 JX share for each Toho Titanium share, with the transaction effective June 1. For Japan investors, this simplifies the group structure and focuses resources on next‑gen semiconductor materials. We explain the timeline, the share exchange ratio, and practical steps to assess value and plan your next move.