JACCS Co., Ltd.
Notice Regarding Entry into the Financial Business in Singapore
JACCS Co., Ltd. will acquire 49% equity stake in Singapore's CAR TIMES CAPITAL PTE. LTD. for approximately 1.5 billion yen and plans to participate in management from April 2026.
Key Figures
- Number of Shares Acquired: 1,519,000 shares (49% voting rights ownership)
- Acquisition Price: Approximately 1.5 billion yen (determined based on exchange rate on acquisition date)
- Scheduled Share Transfer Execution Date: April 2026
AI要約
Overview of the M&A
JACCS Co., Ltd. resolved at the Board of Directors meeting on February 5, 2026, to acquire 49% of the shares of CAR TIMES CAPITAL PTE. LTD., a finance company under Singapore's CAR TIMES AUTOMOBILE PTE LTD, for approximately 1.5 billion yen. The acquisition is scheduled to be executed in April 2026. CTCA operates a car installment sales business in Singapore and has a business base in a market with strong auto loan demand due to high car ownership costs under the COE system. JACCS positions this transaction as part of its mid-term management plan “Do next!” focusing on expanding overseas business.
Future Outlook and Impact on Shareholders
The impact on consolidated earnings for the current period due to this share acquisition is expected to be minimal. Acquisition funds will be partly covered by the proceeds from a third-party allotment capital increase under a capital and business alliance agreement with MUFG Bank in March 2025. Should any important matters requiring disclosure arise in the future, they will be announced accordingly. JACCS aims to expand the auto loan business in Singapore by leveraging CTAM's ecosystem.
