TOKYO, Apr 24 (Pulse News Wire) – Fuva Brain Limited (3927.T) resolved at its board meeting on April 24 to acquire shares in Field Tech Co., making it a subsidiary, and dispose of some own shares through a private placement. The acquisition involves purchasing 102 shares of Field Tech, with 92 shares settled in cash and 10 shares exchanged via the share disposal.
The transaction will cost approximately $1.4 billion, based on an advisory valuation. The deal will solidify Fuva Brain's position in AI infrastructure and expand its network management capabilities. Field Tech, founded in 1995, specializes in mobile communications, fixed-line networks, and IT solutions. It boasts advanced technical skills and project management abilities, aligning well with Fuva Brain’s strategic goals. With this move, Fuva Brain expects to enhance synergy across operations, increase revenue, and improve profitability.
Key figures involved in the share acquisition include Chiba Kozo, who will retain his stake post-disposal. The share disposal aims to incentivize key stakeholders towards achieving the group's mid-term targets, including adjusted sales of ¥19 billion and operating profit of ¥2 billion by March 2030. The share disposal will occur on May 26, with the price per share set at the closing value on April 23, which was $76. The disposal will result in minor dilution but is expected to boost shareholder alignment and motivation toward long-term performance goals. Fuva Brain anticipates Field Tech becoming part of its consolidated subsidiaries from the second quarter of fiscal 2027.
The impact on future earnings will be disclosed once evaluated.
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