TOKYO, Mar 27 (Pulse News Wire) – SHIFT Inc. (3697.T), led by President Daishima Hiroyasu, announced today that its subsidiary, Shift Growth Capital (SGC), will establish a new holding company called Shift Step Holdings.
This move is aimed at acquiring all outstanding shares of Step Co., making it a consolidated subsidiary. Shift Step Holdings, which will be capitalized at approximately ¥100 million upon completion of the share acquisition, will serve as a special purpose vehicle for the transaction. The deal is expected to close on March 09, 2022. Step Co., founded in 1991, specializes in high-reliability system development across sectors such as aviation, defense, healthcare, finance, and telecommunications. With operations spanning three locations—Sendai, Tokyo, and Osaka—the company boasts extensive experience and a robust client base.
By integrating Step Co.'s expertise, Shift Group aims to enhance its service offerings and expand its geographical reach. Key figures involved in the transaction include: - Current capital of SGC: ¥10 million - Number of employees at Step Co.: 41 (as of February 2026) - Expected post-acquisition equity stake held by SGC: 100% Recent financial highlights for Step Co. show steady growth, with total assets increasing from ¥1.581 billion in fiscal 2023 to ¥1.896 billion in fiscal 2025. Operating profit rose from ¥301 million to ¥430 million during the same period. The acquisition is subject to certain conditions outlined in the agreement.
Should these conditions not be met, there could be delays or changes to the planned transaction.(shift).
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