SB Technology Corp. completed the acquisition of DENEN Co. Ltd. from CrowdWorks Inc..
SB Technology Corp. (TSE:4726) completed the acquisition of DENEN Co. Ltd. from CrowdWorks Inc. (TSE:3900) on July 10, 2020. All shares of DENEN Co., Ltd. and its subsidiary I/O System Integration Co., Ltd. have been transferred to SB Technology Corp. With the completion of the share transfer, Dentsu and IOSI will be excluded from the scope of consolidation of CrowdWorks, and extraordinary gain (gain on sale of shares of affiliated companies) associated with the share transfer will be approximately ¥360 million during the fourth quarter accounting period.