Source disclosure: January 23, 2026
CROSS CAT CO.,LTD. [2307.T]
TOKYO, Jan 23 (Pulse News Wire) -- Cross Cat Co., Ltd. (2307.T), represented by President Hiromasa Yamane, has announced that its board of directors held on January 23 decided to enter into an agreement for the transfer of certain business operations related to the Tokyo Solution Development Department of its subsidiary, Cross YUIES Inc. This decision is being disclosed voluntarily as deemed useful information despite not meeting the criteria for mandatory disclosure under applicable regulations.
The primary reason behind this business transfer is to enhance group synergy and support growth within each company amid a challenging business environment characterized by high demand for IT talent and demographic changes such as declining birth rates. The move aims to consolidate regional resources more effectively within the Cross Cat Group.
Regarding the specifics of the transaction, the transferred business involves system development and maintenance primarily centered around the Greater Tokyo Area. For the fiscal year ending March 2025, the sales revenue generated by this segment was ¥433 million. Due to the nature of the group's single business segment structure, it was difficult to isolate costs associated solely with this division; therefore, figures for operating income and ordinary income were omitted from the report.
As for the asset and liability aspects of the transferred business, while items such as contract assets, fixed assets including equipment, and contract liabilities will be included, exact values have yet to be finalized. The estimated acquisition price for this business transfer is set at ¥210 million, subject to potential adjustments in the future. Payment will be made entirely in cash.
Cross YUIES Inc., headquartered in Osaka City, Osaka Prefecture, operates mainly in providing information processing services using computers and communication devices, along with system development outsourcing, FA system development, general software package development and sales, education and consulting services related to computer and communication device utilization technology, software development technical service provision, and the sale and leasing of information processing machinery and related products. Established on January 7, 1987, with a capital of ¥100 million, Cross YUIES is wholly owned by Cross Cat Co., Ltd., with one member of Cross Cat’s board also serving as an officer of Cross YUIES.
Key milestones include signing a basic agreement on November 20, 2025, concluding the business transfer agreement on January 23, 2026, and planning to execute the transfer on April 1, 2026. According to the company, since both parties involved are subsidiaries of Cross Cat Co., Ltd., the impact on consolidated performance is expected to be minimal.
This disclosure could not be fully translated automatically. View original filing (Japanese) • Terms