TOKYO, Apr 07 (Pulse News Wire) – Fibergate Inc. (9450.T) announced today that its subsidiary Off Grid Labo Co., Ltd.
Resolved to acquire all outstanding shares of Smart Green Co., Ltd., a provider of solar power system construction, sales, maintenance, and related services. The acquisition aims to enhance Fibergate's renewable energy offerings and integrate telecommunications with energy solutions to create sustainable communities. Smart Green specializes in comprehensive energy solutions for businesses, offering complete self-consumption solar systems and battery storage. With strong expertise and high profitability, Smart Green complements Fibergate’s existing operations, enabling more efficient service delivery to residential and commercial clients.
The integration also facilitates leveraging Fibergate’s network of approximately 50,000 existing customers to expand service offerings and maximize business opportunities. Key details of the transaction include: - Acquisition resolution date: April 07, 2026 - Estimated contract signing date: April 7, 2026 - Expected share acquisition execution date: April 27, 2026 - Number of shares acquired: 100 shares - Total cost of acquisition: ¥279 million Smart Green's recent financial performance shows capital of ¥1 million and revenues of ¥195 million, ¥228 million, and ¥183 million for fiscal years ending July 2023, 2024, and 2025 respectively. The acquisition is expected to have a minor impact on Fibergate's consolidated results for the fiscal year ending June 2026. Further updates will be disclosed as necessary.
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