TOKYO, Mar 23 (Pulse News Wire) – Asakawa Systems CO.,LTD. (5249.T) announced today that its subsidiary, T&C Technologies Co., Ltd., transferred its LINE solution business to Sumasapo Corporation effective March 31, 2026.
The decision was made during a board meeting held on March 19, 2026. The transaction involves the transfer of T&C's operations related to utilizing LINE for various solutions, which includes optimizing resident communication for local governments. Sumasapo, known for its app "totono," plans to integrate this expertise to address key issues facing municipalities more efficiently. Additionally, Sumasapo operates a key management system called "Sumasapo Inori Service" in public facilities, aiming to enhance residents' convenience through high-value-added solutions.
Details of the transfer price and financial performance remain undisclosed due to confidentiality agreements. However, the transfer does not involve any liabilities and will be settled in cash. Sumasapo, established in April 2012 with a capital of ¥213.7 million, provides AI and IT services aimed at improving efficiency for property management companies while benefiting tenants. The impact on Asakawa Systems’ consolidated earnings for the fiscal year ending March 2026 is expected to be minor since T&C’s fiscal year ends in December.
A comprehensive assessment incorporating this transfer will be included in the forecast for the fiscal year ending March 2027.
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