IX Knowledge Incorporated [9753.T]
TOKYO, Apr 16 (Pulse News Wire) – IX Knowledge Incorporated (9753.T) announced today that its board of directors held, approved the acquisition of Style Corporation's shares, making Style Corporation a wholly-owned subsidiary. Style Corporation, established on October 20, 2009, specializes in systems engineering services and turnkey development projects, particularly in social infrastructure sectors such as railroads, transportation, power, and water utilities.
With strong expertise and a robust network of engineers, Style Corporation has built long-term trust with major clients primarily based in Ibaraki Prefecture. IX Knowledge views this acquisition as a strategic move to enhance its competitive edge in the industry and strengthen its service offerings in social infrastructure areas. Key details of the transaction include acquiring 910 shares of Style Corporation for a total consideration of ¥172 million.
Following the acquisition, IX Knowledge will hold 910 shares, representing 100.0% of voting rights. The equity transfer is scheduled to take place on May 18, 2026, and Style Corporation is expected to join IX Knowledge’s consolidated financial statements beginning in the first quarter of fiscal year 2027. Financial highlights show that Style Corporation had revenues of ¥212 million, operating profit of --¥16 million, ordinary profit of --¥14 million, and net profit of --¥14 million in the latest fiscal year ended September 2025.
The capital structure includes a capital stock of ¥10 million.
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