SHARINGTECHNOLOGY.INC [3989.T]
TOKYO, Apr 01 (Pulse News Wire) – Sharingtechnology.inc (3989.T) completed several significant transactions today, including acquiring LifeLine Co.'s shares and transferring its franchise management business. As a result, LifeLine Co.
Became a wholly-owned subsidiary, enhancing the group's service quality through optimized resource utilization. LifeLine Co., located in Kobe City, specializes in construction design and home renovation services. It was established on March 14, 1990, with a capital of ¥100 million. Following the acquisition, SharingTechnology now holds 200 shares, representing a 100% stake. Additionally, SharingTechnology transferred its "Franchise Window" operation to another entity, freeing up resources for further investment in its "Lifestyle Assistance" division.
Furthermore, the company increased its shareholding in AzSupport Corp., making it a fully owned subsidiary. AzSupport, based in Nagoya, provides pest control and locksmith services. With the additional shares, SharingTechnology’s holding ratio rose from 90% to 100%, solidifying its control over the subsidiary. This move aims to streamline decision-making processes within the group and enhance operational flexibility. SharingTechnology stated that while these changes are reflected in their previously disclosed fiscal year 2026 forecasts released on March 19, 2026, any future adjustments will be communicated promptly.
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