SHIFT Inc.
Notice Regarding Establishment of New Company by Our Subsidiary and Acquisition of Shares of STEP Co., Ltd. (Consolidation as Subsidiary)
Acquisition of all 5,200 shares of STEP Co., Ltd. for approximately 6,000 million yen, with consolidation as a subsidiary planned on June 1, 2026. Capital increase related to the establishment of the new company is also planned.
Key Figures
- Acquisition Price: Approximately 6,000 million yen
- Number of Shares Acquired: 5,200 common shares (planned)
- Post-Acquisition Voting Rights Ownership Ratio: 100% (planned)
AI要約
Overview of the M&A
Through a fund managed by SHIFT Growth Capital Inc., a consolidated subsidiary of SHIFT Inc., a new company named SHIFT STEP Holdings Inc. will be established. Through this new company, all 5,200 issued shares of STEP Co., Ltd. will be acquired for approximately 6,000 million yen, resulting in consolidation as a subsidiary. STEP has strengths in large-scale system development across social infrastructure sectors including aviation, defense, healthcare, finance, and telecommunications, generating stable revenue and profits.
Future Outlook
The impact of this share acquisition on the consolidated financial results for the fiscal year ending August 2026 is expected to be minimal; however, it is anticipated to contribute to corporate value enhancement in the medium to long term. With the capital increase of the new company, capital is expected to exceed 10% of SHIFT’s capital, making it a specified subsidiary. Fulfillment of closing conditions is necessary, and if these conditions are not met, there is a possibility of cancellation or changes to the deal.
