TYO:3923

2 stories mentioning TYO:3923Updated just now

Every FINWIRES story that references TYO:3923, newest first.

Rakus to Acquire 23.1 billion Yen Stake in Plus Alpha Consulting

Rakus (TYO:3923) has resolved to acquire 6.9 million common shares of Plus Alpha Consulting (PAC) from Oasis-managed funds for 23.1 billion yen, increasing its total voting rights in PAC from 5.91% to 22.21%.The transaction, scheduled for completion on Aug. 21, is subject to regulatory approvals and will make PAC an equity-method affiliate of Rakus, according to a Tokyo bourse filing on Tuesday.The two companies have also signed a memorandum of understanding to deepen their existing capital and business alliance.Under the MOU, Rakus may nominate up to one non-executive director to PAC, faces restrictions on additional share purchases, and must offer PAC a right of first refusal if it transfers its PAC shares in the future.

TYO:3923

Asia2h ago

Rakus Consolidated Sales Slip in June

Rakus (TYO:3923) said consolidated sales slipped 0.2% year on year in June to 4.77 billion yen, according to a Tuesday filing on the Tokyo Stock Exchange.Cloud business sales climbed 17% to 4.77 billion yen, while monthly recurring revenue increased nearly 18% to 4.46 billion yen.By product, Rakuraku Seisan sales jumped 9.5% to 1.83 billion yen and Rakuraku Meisai sales surged 23% to 1.23 billion yen.IT outsourcing business was excluded from the company's scope of consolidation from the fiscal year ending March 31, 2027.

TYO:3923

Track with the FINWIRES app suite

FolioX

Track TYO:3923 in your portfolio

WheelAI

Analyze TYO:3923 options with the wheel strategy

StockInsider

See market sentiment on TYO:3923