NJS acquires CDC Aqua Services, making it subsidiary

NJS, a company listed on the Tokyo Stock Exchange (TSE: 2325), has resolved to acquire all shares of CDC Aqua Services Co., Ltd., making it a wholly-owned subsidiary. The decision, made at a board meeting on March 25, 2025, aims to strengthen NJS's "Operation Company" strategy, which focuses on advanced infrastructure management within the water and environmental sectors. CDC Aqua Services specializes in customer-facing services for water and sewage operations, including billing management and municipal DX services. NJS believes integrating CDC Aqua Services' capabilities with its existing consulting and software services will create greater customer value and promote progress in local water and sewage projects. The share transfer is scheduled for early April 2025. The impact on NJS's consolidated financial results for the fiscal year ending December 2025 is still being assessed. NJS's current forecast projects revenue of ¥23.5 billion, operating profit of ¥3 billion, and net profit attributable to the parent company of ¥2.1 billion.