TOKYO, May 14 (Pulse News Wire) – PCI Holdings,INC. (3918.T) announced today that its controlling shareholder, RST Corporation, has agreed to transform governance structures within subsidiary Privitec Co., Ltd.
Effective June 17, 2026, Privitec will transition from a consolidated subsidiary to an equity method affiliate due to changes in management control. Privitec's transformation includes shifting executive roles, with RST Corporation appointing a majority of directors and naming the CEO. PCI Holdings retains a stake of 50% in Privitec post-transition.
The move aims to enhance Privitec’s profitability through RST Corporation’s resources and customer base, targeting long-term growth and maximizing investment returns. Key figures show Privitec had total assets of ¥1.206 billion, operating profit of ¥30 million, and net income of ¥10 million for the fiscal year ending March 31, 2026. The shift is expected to reduce consolidated revenue in the next fiscal year but could lead to improved performance driven by RST Corporation's support.
Scheduled events include a board resolution , and a shareholders' meeting on June 17, 2026, with the exclusion from consolidation effective June 30, 2026.
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