Chatwork : Acquisition of the Cloud Storage Business Operated by StartiaRaise, Inc.
June 22, 2021 at 04:31 am EDT
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Acquisition of the Cloud Storage Business Operated by StartiaRaise, Inc.
Chatwork Co., Ltd.
June 22, 2021
Summary
Cloud storage business operated by StartiaRaise, a group company of Startia Holdings (TSE 1st : 3393), will be spun off, and Chatwork will acquire 51% of the shares of the newly established company, making it a consolidated subsidiary.
We expect the impact on consolidated business results for FY2021 to be an increase in net sales of JPY190 million and a decrease in operating income of JPY41 million (will be included in consolidated results from the third quarter of FY2021).
Overview
Date of contract execution
June 22, 2021
Execution date of share acquisition:
July 1, 2021 (scheduled)
Acquisition price
JPY453.9 million
Equity interest in acquisition
51.0%
Funding method for acquisition
To be funded by borrowings from
financial institutions
Deemed acquisition date
June 30, 2021 (scheduled)
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Consolidation Process
StartiaRaise's cloud storage business will be spun off and Chatwork will acquire 51% of the shares of the newly established company.
The name of the newly established company will be Chatwork Storage Technologies Co., Ltd.
Present Status
100%
100%
RPA Business
Cloud Storage
Business
Spin-Off
of Cloud Storage Business
June 9, 2021
StartiaRaise to spin off its cloud storage business and establish a new company
RPA Business
100%
New Company
Cloud Storage
Business
Acquisition of Shares
July 1, 2021 (scheduled) Chatwork to acquire 51% of the shares of the newly established company from StartiaRaise
51%
49%51%
Cloud Storage
Business
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About Startia Holdings, Inc.
Main businesses comprise IT infrastructure and Digital marketing.
In IT infrastructure business, the company has a customer base of 25,000 small and medium-sized corporate clients.
In Digital marketing business, the company develops and sells a variety of cloud applications.
StartiaRaise, Inc. is a wholly owned subsidiary of Startia Holdings, Inc.
The company operates Cloud storage and RPA businesses as part of Startia Holdings' IT infrastructure business.
Overview*1
Description of business
Name
StartiaRaise, Inc.
Date of Establishment
November, 2017
Representative Director
Masakatsu Furukawa
Share Capital
JPY 90,000,000
Description of business
Cloud Storage Business
PRA Business
Startia, Inc.
Shareholders
(A wholly-owned subsidiary of
Startia Holdings, Inc.)
Cloud Storage Business
PRA Business
Target for
consolidation
*1 As of March 31 2021.
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Disclaimer
Chatwork Co. Ltd. published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 08:30:07 UTC.
Chatwork is a Japan-based company engaged in the provision of business communication tools developed in-house and sales agent of security software. The Company operates in two segments. The Chatwork segment is mainly engaged in the development and provision of business chat tool Chatwork. It is also engaged in the provision of advertising service and various services using Chatwork as a service platform. The Security Segment is engaged in the purchases and sales of security software. The Companyâs sales site uses web advertisement and affiliate programs to attract customers and sell software.
CHATWORK CO.,LTD. 