Datasection Inc.
Notice of Change in Consolidated Subsidiaries (Share Transfer) and Recording of Extraordinary Income
As part of the AI infrastructure strategy, shares of consolidated subsidiaries such as Jach Technology SpA are being transferred to a company established for acquisition purposes, resulting in some subsidiaries of the Jach Group being excluded from the consolidated subsidiaries. The transfer amount is approximately USD 6,737,111, with a gain on sale scheduled to be recorded as extraordinary income. The impact on future performance is under review.
Key Figures
- Number of Shares Transferred: 8,914,106,430 shares (Voting rights ownership: 100%)
- Transfer Price: USD 6,737,111
- Expected Recording of Extraordinary Income: Gain on sale of related company shares to be recorded as extraordinary income (consolidated: 100 million to 300 million yen, individual: approximately 1 billion yen)
AI要約
Section Heading
This IR report informs about the change in consolidated subsidiaries and the expected recording of extraordinary income. Multiple follow-up related subsidiaries centered on Jach Technology SpA are being transferred to an acquisition purpose company, resulting in part of the Jach Group being excluded from the company's consolidated subsidiaries. The transfer value is estimated at USD 6,737,111, with a gain on sale expected to be recorded as extraordinary income. The post-transfer impact will be thoroughly examined, and any necessary disclosures will be made promptly upon clarification of relevant matters.
Section 2 Heading
Looking ahead, the target company is scheduled to be excluded from the company's consolidated subsidiaries starting from the second quarter of the consolidated accounting period. The impact on consolidated and individual financial statements is currently under consideration. The gain on sale of related company shares due to the transfer is projected to be approximately 100 million to 300 million yen in consolidated financials and around 1 billion yen in individual financials. Further disclosures will be made promptly.
Data Section Inc.
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