Quantum Solutions Co.,Ltd. [2338.T]
TOKYO, May 22 (Pulse News Wire) – Quantum Solutions CO.,LTD. (2338.T) completed the acquisition of its affiliate company, Compass Cloud AI Japan Corp.,.
The move was approved during a board meeting held earlier today. Compass Cloud AI Japan was established in August 2023 as a joint venture between Quantum Solutions and Compass Cloud Technology Pte. Ltd. However, due to challenges in forming concrete projects in the Japanese market and strategic shifts by Compass Cloud Technology towards markets in Singapore and the United States, the subsidiary's operations did not yield significant revenue. As a result, Quantum Solutions decided to fully acquire the remaining shares to integrate the subsidiary within its group for more efficient management of AI infrastructure-related activities.
Under the agreement, Quantum Solutions acquired all outstanding shares from Compass Cloud Technology Pte. Ltd., bringing the total number of owned shares to 1,000. The transaction price was determined based on the subsidiary’s poor financial performance since inception, resulting in a net asset loss. Key figures show that Compass Cloud AI Japan had a capital of ¥10 million and reported consecutive losses of ¥20 million, ¥25 million, and ¥30 million for fiscal years ending February 2023, 2024, and 2025, respectively. This acquisition is expected to have a minor impact on Quantum Solutions' consolidated earnings for the fiscal year ending February 2027.
The company aims to leverage the subsidiary’s resources and expertise to enhance its own AI infrastructure capabilities within the group.
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