[Unofficial Translation]
August 13, 2024
Hideaki Wada
President and Representative Director
HIKARI TSUSHIN, INC.
Code:9435 (TSE Prime section)
Notice Regarding Changes in Reporting Segments
HIKARI TSUSHIN, INC. (the "Company") hereby announces that the Board of Directors resolved to change its reporting segments from the fiscal year ending March 2025, as follows:
1. Reason for the Change
Due to changes in the management structure, the company has reviewed the method of business segment classification and decided to change the reporting segments.
2. Change Overview
(Reference) Main Businesses Included in the New Segments
New Segments | Main Businesses |
Electricity and Gas | Sales and supply of electricity and gas |
Telecommunications | Provision of communication line services and ancillary services |
Beverages | Production of natural mineral water and home delivery service |
Insurance | Provision of property and casualty insurance, life insurance and |
warranty services | |
Finance | Provision of financial services, including micro finance |
Provision of industry-specific solution services through platforms | |
Solutions | such as customer management systems, payment management |
systems, and various tools. | |
Commission-Based | Commission-based sales of various products from telecom carriers |
Sales | and manufacturers |
3. Timing of the Change
The company is going to disclose its financial results based on the new reporting segments, beginning with the first quarter of the fiscal year ending March 31, 2025 (disclosed today, August 13, 2024).
Note: This document has been translated from the Japanese original for reference purpose only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.