OKWave [3808.NG]

TOKYO, May 14 (Pulse News Wire) – Okawa Web (3808.NG) resolved today to fully acquire Jinen Co. through a simplified share exchange procedure without shareholder approval.

Both companies signed the agreement , with the effective date set for June 30, 2026. This acquisition aims to accelerate growth in co-creation community services by integrating Okawa Web’s relationship data and gratitude behavior data with Jinen's community design expertise. It also seeks to establish a stable recurring revenue model and differentiate through AI-driven analytics. By combining resources, Okawa Web expects to enhance its infrastructure for designing and supporting co-creation communities across various sectors. Under the deal, Okawa Web will issue approximately 76.95 shares for each ordinary share of Jinen Co. The valuation was determined by independent advisor Yodobashi Legal Advisors based on discounted cash flow analysis and market price methods.

Key shareholders of Jinen Co. include Abc Corp. with a holding ratio of 35%, Takaya Akaoka with 20%, and others. Post-acquisition, Okawa Web will continue operating as a listed company on the Nagoya Stock Exchange, while Jinen Co. remains unlisted. Details on capital structure, assets, and performance metrics post-merger remain undetermined but will be disclosed promptly upon finalization.

Original Disclosure (PDF)

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