TOKYO, May 28 (Pulse News Wire) – SWCC Corporation (5805.T) announced today that it had agreed with Yokogawa Leasing Co., Ltd. to sell its wholly-owned subsidiary Axio Co., Ltd.
The transaction was finalized through a share transfer agreement signed yesterday, May 27, 2026. As a result, Axio will be delisted from SWCC's consolidated subsidiaries. Axio, established in 1991, specializes in cloud-based identity management services and system integration solutions. Its sale is part of SWCC’s ongoing portfolio optimization strategy aimed at enhancing growth investments and accelerating expansion in key sectors.
SWCC believes this move will further boost enterprise value and streamline operations focused on core competencies. Key details of the transaction include: - Axio's capital amount: ¥310 million - Number of shares transferred: 6,200 (representing 6,200 voting rights) - Share transfer completion date: July 1, 2026 (tentative) The board resolution approving the deal took place on May 21, 2026, while the formal decision was made on May 27, 2026. SWCC anticipates minor impacts on its non-consolidated operating performance but is currently assessing potential effects on net profit. This strategic realignment underscores SWCC's commitment to focusing resources on high-growth opportunities and optimizing its business structure for sustainable development.
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