SCSK to fully acquire and merge with subsidiary Skeed

SCSK Corporation, a Japanese IT services company, has resolved to acquire the remaining outstanding share of its consolidated subsidiary, Skeed Co., Ltd., making it a wholly-owned subsidiary, effective November 20, 2025. This acquisition will be followed by an absorption-type merger, with SCSK as the surviving company and Skeed dissolving, effective January 1, 2026.

The merger aims to consolidate management resources, integrate SCSK's AI operations with Skeed's file transfer and IoT businesses, and enhance operational efficiency and decision-making for further business expansion, particularly in the growing factory-focused IoT sector.

The acquisition involves one share of Skeed for yen 1, bringing SCSK’s ownership to 100% of Skeed's 259,432,275 shares. The merger is classified as a simple merger for SCSK and a short-form merger for Skeed, eliminating the need for shareholder meetings. No new shares will be issued, and no money will be allotted in connection with the merger. SCSK anticipates a minimal impact on its consolidated financial performance due to this merger.