Shift delays Infratop share acquisition due to permit holdups

Shift Inc. announced a change in the scheduled execution date for its acquisition of shares in Roppongi Management No. 10 Inc., the entity set to succeed Infratop Inc.'s education and human resources businesses. The original share acquisition date of October 1, 2025, has been moved to "Within 2025," attributed to unforeseen delays in obtaining necessary licenses and permits, a condition precedent to the share transfer agreement.

The acquisition involves an absorption-type company split, with Roppongi Management No. 10 Inc. taking over Infratop's operations, excluding those related to generative AI. Shift had previously finalized the decision to acquire shares on July 11, 2025. The absorption-type split is still slated for August 1, 2025.

Shift anticipates the impact of this alliance on its consolidated financial results to be immaterial. The company will disclose any significant changes in business conditions should they arise.