Source disclosure: February 24, 2026
AltPlusInc. [3672.T]
TOKYO — AltPlusInc., listed on the Tokyo Stock Exchange's Standard Market under code number 3672, announced today that it has entered into a capital and business alliance agreement with Zietto Inc. The decision was made during a board meeting held on February 24, 2026. Additionally, one of its major shareholders, G Future Fund No. 1 Investment Limited Partnership (referred to as "G Fund"), will transfer part of its holdings in AltPlusInc. shares to Zietto Inc. through an off-market transaction.
The purpose of this strategic partnership is to address significant challenges faced by Zietto Inc., including outdated IT infrastructure, security concerns, and a shortage of engineering talent. These issues pose substantial obstacles to post-M&A system integration, customer data management, and e-commerce operations. By leveraging AltPlusInc.'s expertise in systems development, cybersecurity, and marketing strategies, both companies aim to enhance their operational efficiency and expand into new ventures such as fintech and investment-related businesses.
Under the terms of the agreement, Zietto Inc. will acquire AltPlusInc. shares worth ¥922 million via a third-party allotment from G Fund. This acquisition will be executed based on the closing price of AltPlusInc. common stock on March 30, 2026, at the Tokyo Stock Exchange. The exact number of shares to be transferred will depend on the market conditions on that day, with any fractional share rounded up to the nearest whole number. However, no more shares than those currently owned by G Fund will be transferred.
Zietto Inc., established in June 1990, specializes in apparel and retail goods sales along withinvestment activities. Its current capital amount stands at ¥1.841 billion as of August 31, 2025. Key stakeholders include Trustup Corporation, which holds 28.4% of the company’s equity, followed by BNP Paribas London Branch and other institutional investors. The company has experienced fluctuating financial performance over recent years, with net losses reported in each of the last three fiscal periods ending in February 2023, 2024, and 2025.
AltPlusInc. anticipates that this collaboration will contribute positively to its long-term growth trajectory but acknowledges that the impact on its September 2026 fiscal year results remains under evaluation. The company plans to provide further updates should additional relevant information become available.
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