TOKYO, May 29 (Pulse News Wire) – Gree Holdings,inc. (3632.T) announced today that its board of directors, held, resolved to abandon part of its debt claim against its subsidiary GreeX Corporation.
GreeX, established on March 15, 2007, currently operates stable consulting and solution businesses related to digital transformation (DX). However, due to past mergers, GreeX inherited another company's financial status, resulting in a net debt position. To build a robust financial foundation for independent growth, GREE Holdings decided to relinquish a portion of its claims against GreeX. Key details of the subsidiary include: - Capital of ¥100 million - Net assets of -¥1.223 billion (as of June 30, 2025) - Total assets of ¥2.101 billion (as of June 30, 2025) - Major shareholder ratio: Gree Holdings,inc.
Holds 100% The abandoned debt claim involves a loan amounting to ¥3.300 billion. The implementation is scheduled for June 15, 2026. As a result, GREE Holdings anticipates recognizing a difference of ¥2.076 billion as extraordinary loss in its individual financial statements for the fiscal year ending June 2026. However, this action will be offset in the consolidated financial statements, thus having no impact on the consolidated performance for the same period.
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