Tokyo Century Corporation
Notice Regarding Partial Transfer of Shares Involving a Change in a Specified Subsidiary
Consolidated subsidiary TCGIA will transfer its 30% interest in NTT GDC JV to JICT US LLC for US$310 million, with the three companies moving from consolidated subsidiaries to equity-method affiliates.
Key Figures
- Transferred Interest: 30%
- Transfer Price: US$310 million
- Ownership Interest After Transfer: 50%
AI要約
Overview and Purpose of the Transfer
Tokyo Century Corporation has decided to transfer 30% of the interest held by its consolidated subsidiary, TC Global Investments Americas LLC (TCGIA), in NTT Global Data Centers Joint Venture CH, LLC (NTT GDC JV) to JICT US LLC, a U.S. SPC of the Overseas Telecommunications, Broadcasting and Postal Business Support Organization. The transfer price is US$310 million. Following the transfer, NTT GDC JV and its two consolidated subsidiaries will change status from consolidated subsidiaries to equity-method affiliates. The purpose of this transfer is to expand and enhance the value of the data center business through strengthened strategic collaboration leveraging JICT’s expertise and knowledge.
Future Outlook and Schedule
The stock transfer agreement is scheduled to be signed in late January 2026, with the transfer execution (date of change in subsidiary status) planned for March 2026. Any impacts on the fiscal year ending March 2026 performance as a result of this transfer will be promptly disclosed if necessary. Tokyo Century will continue to promote the development of digital infrastructure to respond to increasing data traffic driven by AI and big data utilization, aiming to realize the Mid-term Management Plan 2027.
