TOKYO, Mar 23 (Pulse News Wire) – Sumasapo Inc. (9342.T) announced today that its board of directors, held on March 19, approved the acquisition of T&C Technologies' LINE solution business unit.
The transaction was finalized on March 19, with the asset transfer scheduled for March 31. The acquired business specializes in optimizing municipal resident communication through advanced technology and extensive implementation experience. Sumasapo's own app, "totono," facilitates smooth communication between residents and property management companies nationwide. By integrating the two businesses, Sumasapo aims to address key issues such as disaster information sharing and dissemination in local governance.
Key details of the acquisition include: - Capital of ¥8 million - Established in January 2019 - Largest shareholder: AsakawaSystem Kabushiki Kaisha with a holding ratio of 100% The transaction price remains undisclosed due to confidentiality agreements. Payment will be made in cash. Sumasapo expects the impact on its September 2026 fiscal performance to be minor but is currently assessing the specifics. This strategic move aligns with Sumasapo’s goal of accelerating high-value solution provision in public sectors, particularly in areas requiring enhanced digital communication capabilities.
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