Source disclosure: February 19, 2026
GreenBee,Inc. [3913.T]
TOKYO, Feb 19 (Kyodo) - GreenBee, Inc., represented by its President and Chief Executive Officer, Masanori Iwamoto, announced today that it has decided to dissolve its capital and business alliance agreement with Kiwi Technology Inc. The decision was made during a board meeting held on Sunday.
The company entered into the "Capital and Business Alliance Agreement" with Kiwi Technology Inc. on July 1, 2022. Under this agreement, GreenBee provided support for the deployment of Kiwi Tech's products and services in Japan as well as customer service cooperation. However, despite initial expectations, achieving synergistic effects from the partnership proved challenging over time. As a result, both companies have agreed to terminate their capital and business alliance to allow each party greater flexibility in pursuing growth strategies amid changing business environments.
Under the terms of the dissolution, GreenBee will acquire all shares currently held by Kiwi Tech's subsidiary, Kiwi Technology Corporation, which owns 306,000 ordinary shares of GreenBee (representing 13.16% of the total issued share capital excluding treasury stocks as of December 31, 2025). This acquisition is expected to be completed through a self-share purchase scheduled for February 20, 2026. Details of the self-share purchase can be found in the announcement released earlier today regarding the same.
Regarding the changes in major shareholders, the dissolution of the capital and business alliance with Kiwi Tech will likely lead to alterations in GreenBee's shareholder structure. Specifically, the acquisition of Kiwi Technology Corporation’s shares will reduce the total number of voting rights, thereby increasing the relative proportion of SBI Securities Co., Ltd.'s voting rights. Consequently, there may be significant shifts in the composition of GreenBee's major shareholders following these transactions.
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