Leader Electronics acquires AI Picasso, makes it subsidiary

Leader Electronics will acquire all outstanding shares of AI Picasso (AIdeaLab 64.45%, Kayak 35.55%) for JPY199 million, effective July 1, 2025. AI Picasso, established in October 2022 with a capital of JPY 20.1 million, develops and operates image generation AI applications and provides AI consulting services. Leader Electronics aims to address growing demands in the video production market by integrating AI Picasso's technology into its VMA business, focusing on automation and labor-saving solutions, with consolidated financial statements scheduled from Q2 of fiscal 2026. The impact on current fiscal year earnings is still under review.