This transaction
Acquisition of shares (making the company a subsidiary)The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Software testing/third-party verification, software design/development, hardware design/development, and technical support
The impact on the Company’s results for the fiscal year ending March 2026 is expected to be minor. The earnings forecast for the fiscal year ending March 2027 is scheduled to be disclosed in the earnings release for the fiscal year ending March 2026, scheduled for publication in May 2026.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | Japan Kyoso No. 2 Investment Limited Partnership |
| Name of the Subject Company | feat, Inc. |
| Business Description of the Subject Company | Software testing/third-party verification, software design/development, hardware design/development, and technical support |
| Location of the Subject Company | Shibuya, Tokyo |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 4 September 2008 |
| Net Sales of the Subject Company | ¥1,319 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥80 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥19 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥724 million (fiscal year ended March 2025) |
| Acquisition price | The acquisition price will not be disclosed at the request of the counterparty. |
| Number of shares acquired | 1,380,000 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | After 100.0% (before not disclosed) |
| Impact on Business Performance | The impact on the Company’s results for the fiscal year ending March 2026 is expected to be minor. The earnings forecast for the fiscal year ending March 2027 is scheduled to be disclosed in the earnings release for the fiscal year ending March 2026, scheduled for publication in May 2026. |
| Date of board resolution | 6 April 2026 |
| Contract Date | 6 April 2026 |
| Execution Date / Effective Date | 14 April 2026 (scheduled) |
Items this document does not state (14)
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.To integrate feat’s technical capabilities and personnel in third-party verification, software and hardware design and development, and technical support into the Company’s AI speech recognition platform, thereby accelerating the provision and social implementation of high-quality, stable AI services. In addition, the companies aim to combine their respective strengths to create integrated solutions and new services, leading to market expansion, market share gains, a stronger business foundation, and increased corporate value.