TOKYO, May 18 (Pulse News Wire) – Ridge-i Inc. (5572.T) announced today that its board of directors held on May 18 approved a share transfer agreement to sell its subsidiary Star Music Entertainment to SBI Holdings.
The deal is contingent upon approval at Ridge-i's shareholders meeting scheduled for July 15, 2026. Under the agreement, Ridge-i will transfer 710,000 shares of Star Music Entertainment, representing 100% of its equity stake, for a total consideration of May 18, 2026. Following the transaction, Ridge-i will no longer hold any shares in Star Music Entertainment.
Key milestones in the process include basic agreement signing on March 30, 2026, contract execution , shareholder meeting resolution on July 15, 2026, and expected completion of the share transfer on July 16, 2026. Looking ahead, Ridge-i expects Star Music Entertainment to be removed from its consolidated financial statements post-transfer. Additionally, Ridge-i anticipates no related-party stock sale gains or losses in its standalone results for the fiscal year ending July 2026.
The impact on Ridge-i’s consolidated performance for the same period remains under review, and any significant findings will be disclosed promptly.
🟡 Confidence: Standard AI-translated content.