TOKYO, May 01 (Pulse News Wire) – Feedforce Group Inc. (7068.T) completed the acquisition of ECPower through a simplified share exchange effective May 01, 2026.
The transaction was initially announced on March 26, 2026. Key milestones included the signing of the share exchange agreement on March 26, 2026, approval by both companies' boards on the same day, and shareholder approval by ECPower on April 15, 2026. Under the terms of the deal, Feedforce exchanged its shares at a ratio of 0.097 shares for each ECPower share held by non-affiliated shareholders. A total of 19,400 shares were distributed.
ECPower, headquartered at Tokyo, Minato Ku Minamiaoyama Ichi Choume 2-6, operates in website planning, design, development, and management. As of May 1, 2026, ECPower had a capital of ¥22 million. Following the acquisition, Feedforce's holding ratio in ECPower stands at 100%. Looking ahead, the company plans to account for the transaction according to the accounting standards for business combinations.
Management expects the impact on Feedforce’s consolidated performance for the fiscal year ending May 2026 to be minor due to the immaterial amount of goodwill generated from the acquisition.
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