Establishment of キーウェア東北 and Transfer of いわぎんリース' Data Business

「In addition, in September this year, we entered into a capital and business alliance with The Bank of Iwate,Ltd. This has strengthened our cooperative relationship for promoting regional DX, and we are working to strengthen our sales base and solution capabilities in the Tohoku region.」

「Our wholly owned subsidiary キーウェア東北株式会社 has promoted business for the Tohoku region, centered on Morioka, where it is located. We decided to carry out this business transfer in order to further strengthen ties with the region by consolidating our business for the Tohoku region and to further improve our competitiveness in the market.」

「In June, we entered into a “Cooperation Agreement for Promoting Regional DX” with The Bank of Iwate,Ltd. Working closely with キーウェア東北株式会社, a consolidated subsidiary based in Morioka, we are supporting efforts to resolve issues to achieve DX for customers of The Bank of Iwate,Ltd.」

「As a result, orders increased year on year owing to the expansion of existing projects in the government and public sectors, the acquisition of projects in the healthcare and cloud sectors, and the full-scale launch of business by キーウェア東北株式会社 in January 2023 after it succeeded to the systems division business of いわぎんリース・データ株式会社.」

「Orders increased substantially year on year, owing to the acquisition of projects in the healthcare and transportation sectors, as well as the full-scale launch in January 2023 of the business of キーウェア東北株式会社, established in July 2022 and included in the systems development business. Net sales increased year on year, reflecting the contribution from the launch of キーウェア東北株式会社’s business and steady progress in developing projects won in the previous fiscal year in the public sector.」

「Since January this year, the company has succeeded to the systems division business of いわぎんリース・データ株式会社 and, in close cooperation across our group, is advancing proposal activities to support the digital transformation (DX) of companies based in the Tohoku region.」

「An absorption-type company split was carried out effective 1 January 2023, with いわぎんリース・データ as the splitting company and キーウェア東北 as the successor company.」

「At a board meeting held on 27 September 2022, キーウェア東北株式会社, our wholly owned subsidiary (hereinafter “キーウェア東北”), resolved to enter into an absorption-type company split agreement under which キーウェア東北 would succeed to part of the business operated by いわぎんリース・データ株式会社 (hereinafter “いわぎんリース・データ”). At a board meeting held on the same day, our company also resolved to approve the absorption-type company split, and the agreement was executed on that date.」