Expansion of the corporate digital transformation business through a capital and business alliance with IIJ
First written in FY2024-Q1. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「Internet Initiative Japan Inc. (Note 2) 20,387,000 1,680,000 Expansion of the core businesses in DX, including mobile and fixed-line telephony, and the NEXT core businesses, including cloud and IoT services Increase due to additional acquisitions」
We made an additional acquisition of IIJ shares, increasing our holding from 1,680,000 shares in May 2023 to 20,387,000 shares, and advanced the expansion of the corporate DX and core businesses and NEXT core businesses under the capital and business alliance. - FY2024-Q1First statedAnnual report
「In May this year, we entered into a capital and business alliance agreement with Internet Initiative Japan Inc. (IIJ) to enhance the corporate value of both companies by leveraging their respective business assets (the “Alliance”). We purchased 18,707,000 common shares of IIJ, equivalent to 10.0% of its total issued shares, from Nippon Telegraph and Telephone Corporation for ¥51.2 billion in total (¥2,739 per share), bringing our ownership interest to 10.90%.」
We acquired a 10.0% stake in IIJ for ¥51.2 billion and launched a capital and business alliance. The new initiative aims to expand joint development of products for corporate customers, personnel exchanges, the core mobile and fixed-line communications businesses, and NEXT core businesses such as cloud and IoT.