FreeBit Co., Ltd.
Notice Regarding Share Acquisition by Our Consolidated Subsidiary (Making a Subsidiary of a Subsidiary)
GigaPrize will acquire all outstanding shares of Rinect Co., Ltd., making it a subsidiary. After the acquisition, voting rights will be 100%, and the company aims to expand the market through strengthened cooperation and reduced procurement costs. The acquisition is scheduled for November 2, 2026.
Key Figures
- Number of shares acquired: 18,500 shares (voting rights 18,500)
- Shareholding ratio: 100%
- Acquisition schedule: Board resolution date 2026-10-22, Share transfer execution date scheduled 2026-11-02
AI要約
Key Points
Our consolidated subsidiary GigaPrize will acquire all outstanding shares of Rinect Co., Ltd., making Rinect a subsidiary. After the acquisition, GigaPrize will wholly own Rinect and exercise 100% control. The purpose of the acquisition is to expand the ISP market for multi-dwelling units and, in conjunction with the capital and business alliance with SoftBank, to reduce procurement costs and expand scale merits. The schedule anticipates board approval on 2026-10-22 and the share transfer execution on 2026-11-02.
Impact and Future Outlook
At this time, the impact on consolidated results for the fiscal year ending April 2027 is expected to be immaterial, and any matters that should be disclosed will be announced as they arise. GigaPrize will accelerate nationwide expansion and leverage scale merits in line procurement to strengthen the long-term earnings base.
FreeBit Co., Ltd.
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