TOKYO, Mar 19 (Pulse News Wire) – Rentracks CO.,LTD. (6045.T) announced today that its board of directors held, approved the additional acquisition of shares in its subsidiary Kinsei Kogyosha Co., Ltd., making it a wholly-owned subsidiary.
This move aims to streamline operations and expedite decision-making processes within the group. By fully integrating Kinsei Kogyosha, Rentracks seeks to establish a robust revenue base across the entire organization and further enhance corporate value. Kinsei Kogyosha specializes in precious metal recycling, refining, processing, and sales, complementing Rentracks' expertise in internet advertising and customer engagement strategies. Kinsei Kogyosha's capital is ¥50 million. Prior to the acquisition, Rentracks owned 2,095 shares representing 95.0% of voting rights.
Following the transaction, which was concluded, Rentracks now holds a total of 2,205 shares, accounting for 100.0% of voting rights. The purchase price was determined based on valuation by external experts and legal and financial due diligence conducted by independent lawyers and certified public accountants. Looking ahead, Rentracks expects Kinsei Kogyosha to join its consolidated financial statements beginning with the fourth quarter of fiscal year 2026. The impact on Rentracks’ consolidated performance for the fiscal year ending March 2026 remains under assessment. Any significant developments will be disclosed promptly.
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