Komori
Business alliance3237INTRANCE CO.,LTD.Real Estate

Notice Regarding the Launch of a New Business, Execution of a Capital and Business Alliance Agreement, and Issuance by Third-Party Allotment of the 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and the 11th Series Stock Acquisition Rights

The Company will launch new businesses related to AI data centers and GPU server sales, and enter into a capital and business alliance with ダイナミックソリューショングループ株式会社 (DSG). It will also allot convertible bond-type bonds with stock acquisition rights and stock acquisition rights to DSG, and receive sales support and credit enhancement from DSG.

Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
14.95
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
3237INTRANCE CO.,LTD.
Alliance partnerダイナミックソリューショングループ株式会社
Details of the alliance
  1. 1

    Promptly commence the procurement and sales of GPU servers for AI data centers in Japan

  2. 2

    DSG will arrange hardware, software, enclosures and other equipment in Japan and overseas

  3. 3

    Sales support from DSG, including order acquisition and administrative support

  4. 4

    DSG will dispatch approximately 1–2 personnel on a non-regular basis

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

Ten performance conditions based on GPU server transaction amounts over the immediately preceding 3, 6 and 12 months, ranging from ¥750 million to ¥6 billion. The exercisable proportion upon achievement of each condition will be 10%. The profit margin on GPU server transactions will be at least 3%.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

12.57%Our ownership stake in the partner’s shares
Number of shares acquiredPotential shares: 6,959,890 shares, representing approximately 14.95% of the total number of shares issued
Acquisition price¥722,233,672 (¥300,000,000 for the 3rd Series of Stock Acquisition Rights-Linked Convertible Bonds, ¥3,535,672 for the issuance of the 11th Series of Stock Acquisition Rights, and ¥418,698,000 upon exercise)
Dispatch of directors and officersDSG will dispatch approximately 1–2 personnel on a non-regular basis. Dispatch of directors and audit & supervisory board members: Not disclosed
Shareholding PolicyThe shares will not be held for short-term trading. The objective is to generate capital gains from share price appreciation by promoting the alliance, expanding earnings and increasing corporate value. However, the shares may be sold in the future. The 3rd Series of Stock Acquisition Rights-Linked Convertible Bonds is subject to a one-year restriction on conversion from the date of issuance.
Change in major shareholdersNot disclosed → ダイナミックソリューショングループ株式会社 12.57%
About the partner
Business DescriptionInvestment in fintech services, information processing systems and other businesses
LocationMinato-ku, Tokyo
Share capital¥50 million
Impact on Business Performance

Already incorporated into the consolidated earnings forecast for the fiscal year ending March 2027

Date of board resolution23 June 2026Contract Date23 June 2026 (予定)Alliance start date23 June 2026 (予定)Share Acquisition Date and Payment Date9 July 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerダイナミックソリューショングループ株式会社
Alliance partner's business activitiesInvestment in fintech services, information processing systems and other businesses
Alliance partner's locationMinato-ku, Tokyo
Alliance partner's capital¥50 million
Type of allianceCapital and Business Alliance
Details of the alliancePromptly commence the procurement and sales of GPU servers for AI data centers in Japan, DSG will arrange hardware, software, enclosures and other equipment in Japan and overseas, Sales support from DSG, including order acquisition and administrative support, DSG will dispatch approximately 1–2 personnel on a non-regular basis
Number of shares acquiredPotential shares: 6,959,890 shares, representing approximately 14.95% of the total number of shares issued
Acquisition price¥722,233,672 (¥300,000,000 for the 3rd Series of Stock Acquisition Rights-Linked Convertible Bonds, ¥3,535,672 for the issuance of the 11th Series of Stock Acquisition Rights, and ¥418,698,000 upon exercise)
Shareholding ratioNot disclosed → 12.57%
Dispatch of directors and officersDSG will dispatch approximately 1–2 personnel on a non-regular basis. Dispatch of directors and audit & supervisory board members: Not disclosed
Numerical targets under the allianceTen performance conditions based on GPU server transaction amounts over the immediately preceding 3, 6 and 12 months, ranging from ¥750 million to ¥6 billion. The exercisable proportion upon achievement of each condition will be 10%. The profit margin on GPU server transactions will be at least 3%.
Shareholding PolicyThe shares will not be held for short-term trading. The objective is to generate capital gains from share price appreciation by promoting the alliance, expanding earnings and increasing corporate value. However, the shares may be sold in the future. The 3rd Series of Stock Acquisition Rights-Linked Convertible Bonds is subject to a one-year restriction on conversion from the date of issuance.
Date of board resolution23 June 2026
Contract Date23 June 2026 (予定)
Alliance start date23 June 2026 (予定)
Share Acquisition Date and Payment Date9 July 2026
Impact on Business PerformanceAlready incorporated into the consolidated earnings forecast for the fiscal year ending March 2027
Change in major shareholdersNot disclosed → ダイナミックソリューショングループ株式会社 12.57%
Items this document does not state (5)
Alliance partner's net salesAlliance partner's operating incomeOverview of the joint ventureOwnership ratioContract Period

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Company has recorded losses for 4 consecutive fiscal years and negative operating cash flow in its existing businesses, making it necessary to improve its earnings structure, strengthen its financial base and create new revenue opportunities. The Company aims to expand earnings by capturing demand for GPU servers accompanying the expansion of the generative AI market and leveraging DSG's expertise, procurement capabilities and sales support.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Launch of a New Business, Execution of a Capital and Business Alliance Agreement, and Issuance by Third-Party Allotment of the 3rd Series Unsecured Convertible Bonds with Stock Acquisition Rights and the 11th Series Stock Acquisition Rights | INTRANCE CO.,LTD. (3237) timely disclosure | Komori