UNIVA Oak Holdings Limited [3113.T]
TOKYO, Apr 02 (Pulse News Wire) – UNIVA Oak Holdings Limited (3113.T) announced today that its board of directors has agreed to enter into basic agreement discussions with UNIVA CAPITAL Holdings Limited (UCH) to acquire shares of UniVa Paycast and potentially make it a subsidiary. The move aligns with UNIVA Oak's strategic growth plan aimed at expanding horizontally and vertically within its digital businesses.
UniVa Paycast operates in the fintech sector, focusing on cashless payment solutions. In the recent nine-month fiscal period ending March 2026, the company saw significant growth in new contract signings, increasing its total contracts by approximately 1,200 units. Additionally, the firm’s transaction volume reached around ¥12 million transactions annually, contributing to diversified revenue streams and reduced reliance on major clients. The acquisition is expected to create synergies across various business areas. Specifically, UNIVA Oak envisions leveraging UniVa Paycast’s expertise in mobile payments and digital marketing tools to enhance customer data analysis and improve service offerings.
Furthermore, the integration could facilitate funding opportunities and support services for small and medium-sized enterprises through UNIVA Securities' growth support initiatives. Key milestones include completing due diligence by June 2026 and finalizing the deal by mid-June, with the share purchase scheduled for July 1, 2026. UNIVA Oak plans to ensure transparency and fairness throughout the process by engaging independent valuation experts and legal advisors. For the fiscal year ended March 2026, UniVa Paycast reported revenues of ¥250 billion, operating profit of ¥328 million, and net income of ¥234 million. As part of ongoing efforts to maintain integrity, CEO Hiroomi Inaba, who also serves as UniVa Paycast's chairman, will abstain from participating in related board meetings and decision-making processes.
🔴 Confidence: Review recommended AI-translated content.