5 stories mentioning TYO:3697Updated 40d ago
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Shift (TYO:3697) has an average rating of overweight and mean price target of 1,077.14 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
SHIFT (TYO:3697) and its equity-method affiliate Rise Consulting (TYO:9168) have agreed to expand their business collaboration across talent, sales, delivery, and AI, according to a Tokyo bourse filing on Friday.The latest partnership builds on a capital and business alliance first signed in April 2025.Through this expanded partnership, SHIFT will support Rise's recruiting, project staffing, and joint proposal development.Rise, in turn, will tap into SHIFT's operational frameworks and networks.Initial joint efforts have already produced three co-developed service offerings, including AI-powered system modernization and business process innovation.Both companies expect to drive mutual business growth and enhance corporate value while maintaining their independence as publicly listed firms.
IT services management company Shift (TYO:3697) expects to recognize a non-consolidated extraordinary loss from valuation declines in shares of equity-method affiliate Rise Consulting, based on quoted market prices.In its consolidated financial statements, the company will assess recoverable amounts using the investee's business plan and other factors, with the equity-method loss still under review, according to a Tokyo bourse filing on Friday.Separately, shares of Gurunavi, held as investment securities, have also seen significant fair value declines, leading to an expected extraordinary loss on both a non-consolidated and consolidated basis.All figures are preliminary, based on recent market prices, and will be finalized in the third-quarter earnings release scheduled for July 15, with further updates if conditions change.
Software developer Shift (TYO:3697) decided to consolidate the back-office functions of 15 group companies through an absorption-type company split, with Shift as the succeeding company.The back-office consolidation targets functions such as human resources and treasury across subsidiaries, according to a Tokyo bourse filing on Tuesday.This follows Shift's standalone achievement of reducing back-office manhours through AI agents by breaking down operations into 892 individual tasks.The reorganization also includes an absorption-type merger among three consolidated subsidiaries, with ALH as the surviving company absorbing SPST and TRUST BRAIN, effective Sept. 1.No new shares or consideration will be issued for either the company split or the merger, as both are intra-group transactions.
Shift (TYO:3697) has an average rating of overweight and mean price target of 1,242.86 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
