SCSK forms alliance with Nihon Process, takes 20.71% stake
SCSK Corporation announced its decision on September 30, 2025, to acquire ordinary shares in Nihon Process Co., Ltd., making it an affiliate accounted for by the equity method. The acquisition involves 2,005,100 shares, representing 20.71% of Nihon Process's voting rights, for a total of JPY 3,115,925,400. This stake includes shares from major shareholders Hitoshi Obu and Tsutomu Obu, acquired through off-market transactions.
The alliance will focus on strengthening cooperation in the mobility and ICT sectors, including sales and development support for software development businesses targeting OEMs/suppliers, and joint planning and development of mobility products and services. Both companies aim to leverage their strengths to create new competitive advantages.
As part of the agreement, SCSK will have the right to nominate one director to the Nihon Process board, provided SCSK maintains at least a 15% voting rights stake. The alliance is scheduled to commence on October 8, 2025. SCSK anticipates a minor impact on its current fiscal year's performance but expects long-term positive contributions.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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