TOKYO, Jun 12 (Pulse News Wire) – NE Inc. (441A.T) announced today that its board of directors had approved the transfer of its “Furusato Tax Support” business, which is part of its Locarco division.
The decision was made due to increasing competition from major companies entering the sector, leading to challenges in maintaining customer bases and stabilizing operations. According to the company, the transaction involves transferring operational rights related to the Furusato Tax Support business, which reported sales revenue of ¥281 million and gross profit of ¥173 million for the fiscal year ending April 2026. The transfer price is estimated at June 12, 2026 (excluding tax). The recipient of the business, Cyber Records Co., Ltd., specializes in EC operation agency services, personal and corporate version Furusato tax support, and portal construction assistance.
Cyber Records, established on August 1, 2008, has a capital of ¥50 million. The transfer agreement is expected to be finalized mid-July 2026, with the transfer scheduled for August 1, 2026. The impact of this transaction on NE Inc.’s performance for the fiscal year ending April 2027 has already been included in the company’s forecast released alongside its earnings report for the fiscal year ending April 2026. Any further developments will be promptly disclosed.
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