Witz Corporation to acquire Reserve Mart, expanding service business

Witz Corporation has resolved to acquire 100% of the shares of Reserve Mart, effective June 1, 2025, to become a subsidiary. The acquisition, totaling JPY 136,873,020 including related expenses, aligns with Witz Corporation's strategy to expand into new service areas and transform its revenue model. Reserve Mart, established in 2000, specializes in providing internet reservation systems to public facilities and music studios across Japan. Witz Corporation anticipates that Reserve Mart's established stock-based business will contribute to improved profitability. The impact on Witz Corporation's consolidated financial results for the fiscal year ending August 2025 is expected to be minor.