TOKYO, Apr 30 (Pulse News Wire) – INFORICH INC. (9338.T) announced today that it has decided to acquire shares representing 100% of T-GAIA Asia Pacific Pte.
Ltd. (TGAP), making it a subsidiary. TGAP operates the mobile battery sharing service CHARGESPOT™ in Singapore through a master franchise agreement signed in March 2023. As of March 2025, CHARGESPOT holds approximately 55% of the mobile battery sharing market share in Singapore, primarily due to placements in major convenience stores such as Seven-Eleven and Cheers operated by FairPrice Group. This acquisition aims to enhance operational efficiency, strengthen sales strategies, and improve procurement capabilities, thereby accelerating profitability improvements. By integrating TGAP as a subsidiary, INFORICH seeks to expedite installations and increase user base, aiming for higher revenue and profit margins.
The move also aligns with INFORICH's strategic goal of positioning Singapore as a key hub for ASEAN expansion. The capital investment includes advisory fees totaling ¥12 million. Post-acquisition, INFORICH will own 5,983,001 shares, increasing its voting rights to 100%. The transaction is expected to close on May 15, 2026. INFORICH’s decision follows positive performance trends in Singapore, where CHARGESPOT has seen significant growth since its launch in December 2023. With plans to further expand installations across prime locations, the company anticipates continued market penetration and increased user engagement.
The acquisition is scheduled to finalize by the end of the second quarter of 2026, with minor anticipated impacts on INFORICH's consolidated financial results for the fiscal year ending December 2026.
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