TOKYO, May 22 (Pulse News Wire) – giftee Inc. (4449.T) announced today that its board of directors approved a capital and business alliance with Kyash Co., Ltd.
The partnership aims to enhance giftee's e-gift platform services through Kyash’s financial expertise and technology. Under the agreement, giftee plans to acquire 68,128 shares (holding ratio of 19.9%) of Kyash for a total amount of 1,000 million yen. The deal includes leveraging Kyash’s wallet app and payment solutions to offer enhanced functionalities to giftee’s corporate and municipal clients. Additionally, both companies will collaborate on various business initiatives to expand their service offerings. Key details of the transaction include: - Capital tie-up contract expected to be finalized on June 01, 2026.
- Share transfer agreement set for June 1, 2026. - Actual share acquisition scheduled for June 10, 2026. - Alliance launch planned for June 10, 2026. Kyash was established on January 23, 2015, with a capital of 1,000 million yen. Its recent financial performance shows total assets of 1,000 million yen, revenue of 1,000 million yen, operating profit of 1,000 million yen, ordinary profit of 1,000 million yen, and net profit of 1,000 million yen for the fiscal year ending December 2025.
Giftee expects the impact on its consolidated earnings for the fiscal year ending December 2026 to be minor but will promptly disclose any significant developments.
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