TOKYO, Mar 11 (Pulse News Wire) – Digital Grid Corporation (350A.T) reported today that its founder’s capital group, DG Capital Group Co., Ltd., has filed for bankruptcy. Abetarō Abe, who founded Digital Grid and established the concept behind the company, stepped down as chairman in September 2019.
Since then, the company has operated independently under CEO Yoshiyasu Toyoda. Toyoda stated that the bankruptcy filing does not impact Digital Grid’s operations or financial performance.
“Our business model and management structure are separate from DG Capital Group,” he explained. “Therefore, the insolvency of their entity will not affect our fiscal year ending July 2026 results.” The company confirmed that the bankruptcy of DG Capital Group and its affiliates will not influence Digital Grid’s operating profit, ordinary profit, net profit, revenue, or consolidated financial statements for the upcoming fiscal period.
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