TOKYO, Mar 18 (Pulse News Wire) – Okano Valve Mfg.co.ltd. (6492.T) announced today that its board of directors decided to acquire shares of Alterbooth Corporation, making it a subsidiary.
The acquisition aims to integrate Alterbooth's software development expertise with Okano Valve’s customer base and operational insights to enhance problem-solving proposals and strengthen DX-related service offerings. Alterbooth Corporation, based in Fukuoka, specializes in cloud computing system planning and operation, internet-related systems, and SaaS services. Founded in 2015, it boasts significant technical capabilities and extensive development experience. Its capital is currently set at ¥104.7 million. Key financial figures for Alterbooth show net assets of ¥154.846 billion, total assets of ¥228.166 billion, revenue of ¥498.649 billion, operating profit of ¥64.676 billion, ordinary profit of ¥65.549 billion, and net income of ¥64.659 billion for the fiscal year ending February 2025.
The transaction involves purchasing 1,325 shares of Alterbooth Corporation for ¥999.7 million, increasing Okano Valve’s stake from 0% to 92.72%. The share transfer is scheduled for March 27, 2026. Okano Valve expects Alterbooth to become a consolidated subsidiary starting from the second quarter of the September 2026 fiscal year. A detailed impact assessment on Okano Valve’s performance and financial status for the same period is ongoing. Any further developments will be promptly disclosed.
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