March 21, 2025
I-NET Corp.
IST-Software Co., Ltd. (Head Office: Ota-ku, Tokyo; Representative Director and President: Koshiro Someya, [IST-Software]), a group company in which we have a 100% stake, has acquired all the outstanding shares of ACU CORPORATION. (Head Office: Chiyoda-ku, Tokyo; Representative Director: Shinichi Murakami, [ACU]), a company engaged in IT consulting and system development for the life insurance industry.
- Reasons for Share Acquisition
ACU specializes in system construction and consulting for life insurance operations. By specializing in the life insurance business, we are able to meet the diverse needs of life insurance companies, not only by bringing our operational know-how and experience in developing applications, but also by bringing our knowledge of development infrastructure and middleware.
By welcoming ACU into the IST-software group this time, we determined that synergies with IST-software's life and non-life insurance business development could be expected and decided to acquire shares. - Outline of the Counterparty to the Share Acquisition
1. Name ACU CORPORATION 2. Location 2-4-12 Kudanminami, Chiyoda-ku, Tokyo 3. Name and Positions of Representatives Shinichi Murakami, Representative Director 4. Business Activities IT consulting and system development for the life insurance industry 5. Capital 10 million yen 6. Date of establishment December 18, 2003 - Number of Share Acquisition, Shareholding Before and After Acquisition
1. Number of shares held before the change 0 shares (Percentage of voting rights: 0%) 2. Number of shares acquired 100 shares (Number of voting rights: 100) 3. Number of shares held after the change 100 shares (Percentage of voting rights:100%) - Schedule
1. Date of the agreement February 21, 2025 2. Date of share transfer February 26, 2025 - Future Outlook
The impact of this matter on the Company's results for the fiscal year under review is minimal.
We will promptly announce any material impact on our business results in the future.
| ＜Overview of IST-Software＞ | |
| Company name： | IST-Software Co., Ltd. |
| Location： | 13F, Nissay Aroma Square, 5-37-1 Kamata, Ota-ku, Tokyo |
| Business： | Information processing services, system development services, and sales of system equipment |
| Official website:： | https://www.ist-software.co.jp/ |
| ＜Overview of I-NET＞ | |
| Company name： | I-NET Corp. |
| Location： | 13F, YOKOHAMA SYMPHOSTAGE West Tower, 5-1-2 Minato Mirai,Nishi-ku, Yokohama |
| Business： | Information processing services, system development services, and sales of system equipment |
| Official website:： | https://www.inet.co.jp/ |
＜Inquiries＞
IST-Software Co., Ltd.
IT Service Planning Division (Hida)
TEL: 03-5480-7211, E-mail: info@ist-software.co.jp
I-NET Corp.
Corporate Strategy and Investor Relations (Enjoji, Fukui, Hashiguchi)
TEL: 045-682-0806, E-mail: infomc@inet.co.jp
DISCLAIMER:
This document was prepared by machine translation, and no manual modification has been made to the translated contents. This document is to be used only as a reference, and in cases any differences occur between English version and the original Japanese version, the Japanese version shall prevail.