FRONTIER INTERNATIONAL INC. [7050.T]
TOKYO, Jun 10 (Pulse News Wire) – Frontier International Inc. (7050.T) resolved today at its board meeting to enter into an acquisition agreement for the digital solution business held by KT Partners Co., Ltd.
Although this transaction does not meet the criteria for mandatory disclosure, the company deemed it useful to voluntarily disclose the information. The rationale behind the acquisition includes enhancing the synergy between digital and real-world offerings through strategic investments such as mergers and acquisitions, asset transfers, and talent recruitment. KT Partners possesses extensive capabilities ranging from application development to digital signage systems, which align well with Frontier International's objectives.
Key details of the acquisition include: - Business scope: Development and maintenance of digital solutions systems. - Transferor overview: KT Partners Co., Ltd., established in January 2024, located at Tokyo, Minato Ku Toranomon San Choume 7-5, with capital of ¥37.5 million. - Expected impact: The company plans to incorporate the effects of this acquisition into its consolidated performance forecast for the fiscal year ending March 2027, anticipating a minor influence on overall results.
Frontier International intends to officially disclose further details on June 15, 2026.
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