Inter Action completes subsidiary transfer, abandons energy segment

Inter Action Corporation announced the completion of the share transfer of its consolidated subsidiary, Air Gas Technologies, to Chikuhou Trading on July 2, 2025. Consequently, Air Gas Technologies is excluded from Inter Action's consolidated subsidiaries. The total shares transferred amounted to 200, with a transfer price of JPY 210 million. As a result of the transfer, Inter Action's ownership in Air Gas Technologies is reduced to zero shares. Concurrently, Inter Action will discontinue its "Environmental Energy" business segment, which previously housed Air Gas Technologies. The changes will be reflected in the company's consolidated financial reporting starting from the fiscal year ending May 2026. The company anticipates no impact on its consolidated earnings forecast for the fiscal year ending May 2025 due to this share transfer.