TOKYO, Jun 02 (Pulse News Wire) – Cube System Inc. (2335.T) announced today that its board approved an expanded capital business alliance with System Create Co.
The agreement involves acquiring additional shares of System Create Co., bringing the total holdings to 60 ordinary shares. Background: The alliance builds upon the longstanding cooperative relationship between Cube System Inc. and System Create Co., aiming to enhance long-term corporate value through strengthened business integration. Both companies have collaborated extensively in system development and operations across various projects, particularly leveraging their complementary strengths in Tokyo and Fukuoka. Details of the Alliance: 1. Joint promotion of system development and operation cases in the Tokyo area. 2. Enhanced collaboration in system development, operations, and talent acquisition in Kyushu. 3. Sharing quality standards and development norms to improve mutual performance. 4. Joint research and development initiatives, business ventures, and co-innovation of business models.
5. Mutual human resource development and exchange programs. Capital Details: Cube System Inc. will acquire 44 additional ordinary shares from System Create Co.'s private placement of treasury stock on June 30, 2026. The price per share remains undisclosed but was determined based on valuation results from independent agencies to ensure fair conditions. Post-acquisition, Cube System Inc.’s voting rights ratio stands at 21.1%. System Create Co. Overview: Founded on April 01, 1996, System Create Co. operates out of Fukuoka City's Central District and specializes in system development, outsourcing services, and more. It holds a capital of ¥22 million. Timeline: - Board resolution date: June 02, 2026 - Contract signing date: June 02, 2026 - Payment due date: June 30, 2026 Outlook: The company expects minimal impact on group performance from this transaction. Any significant changes will be promptly disclosed.
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