TOKYO, Apr 16 (Pulse News Wire) – Power Solutions,ltd. (4450.T) resolved at its board meeting on April 16, 2026 to acquire shares of Azest Corporation, which specializes in data and AI solutions, making it a subsidiary.
Azest's capital constitutes more than 10% of Power Solutions' capital, qualifying it as a significant subsidiary. Azest provides comprehensive support for businesses through visualization tools and AI applications, leveraging partnerships with AWS, GCP, Azure, Snowflake, and Databricks. With expertise in BI tools like Tableau, Azest has served over 500 clients and supports over 100 companies in implementing and utilizing these technologies. The acquisition aims to enhance service value across the group and drive sustainable growth.
Key details of the transaction include acquiring 3,650 ordinary shares of Azest Corporation for approximately ¥3.65 billion, effective on September 20, 1989. Post-acquisition, Power Solutions will hold 3,650 voting rights, representing a majority stake. The official consolidation date for accounting purposes is set for June 30, 2026, impacting the consolidated financial statements starting from the second quarter of fiscal 2026. Founded in 1989, Azest had revenues of ¥1.2 billion, ¥1.3 billion, and ¥1.4 billion in fiscal years ending June 2023, 2024, and 2025, respectively.
Operating profits stood at ¥150 million, ¥160 million, and ¥170 million during the same periods.
🟡 Confidence: Standard AI-translated content.