TOKYO, Mar 11 (Pulse News Wire) – Sharingtechnology.inc (3989.T) announced today that its board of directors has decided to acquire Lifeline Co., making it a subsidiary. The agreement was finalized.
Lifeline Co., founded in 1990, specializes in regional home renovation services centered in Hyougo, Kobe Shi. With advanced construction techniques and high customer satisfaction, Lifeline's integration into SharingTechnology’s group will enable broader service offerings to meet diverse client needs, potentially driving business expansion and enhancing enterprise value. Key details of Lifeline Co.: - Capital: ¥10 million - Established: March 14, 1990 - Major shareholder: Masamune Kan (holding ratio: 100%) - Business activities: Architectural design and construction, residential renovations SharingTechnology acquired 200 shares from Masamune Kan, increasing its shareholding from 0% to 100.0%.
Financial terms remain undisclosed due to confidentiality agreements but were determined after thorough due diligence and mutual discussions. Recent financial highlights for Lifeline Co. (figures in thousands of yen): - Net assets: 114,098 (FY2023), 125,678 (FY2024), 136,378 (FY2025) - Total assets: 155,735 (FY2023), 204,594 (FY2024), 257,759 (FY2025) - Revenue: 440,063 (FY2023), 533,183 (FY2024), 565,936 (FY2025) - Operating profit: 7,048 (FY2023), 22,240 (FY2024), 18,825 (FY2025) - Ordinary profit: 9,633 (FY2023), 23,044 (FY2024), 19,236 (FY2025) - Net profit: 2,078 (FY2023), 11,580 (FY2024), 10,699 (FY2025) The transaction is expected to close on April 11, 2026.
While the impact on fiscal year 2026 earnings is anticipated to be minor, SharingTechnology will promptly disclose any significant developments moving forward.
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