Power Solutions, Ltd. entered into a share transfer agreement to acquire Exection Co., Ltd. from JAPAN Creative Platform Group Co., Ltd. for approximately ¥320 million.
April 08, 2021
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Power Solutions, Ltd. (TSE:4450) acquired Exection Co., Ltd. from JAPAN Creative Platform Group Co., Ltd. (JASDAQ:7814) for approximately ¥320 million on April 9, 2021. Power Solutions will acquire 900 shares in JAPAN Creative Platform Group Co. Following the acquisition, Exection Co., Ltd will operate as a subsidiary of Power Solutions, Ltd. For the fiscal year ending December 2020, Exection Co reported net assets of ¥141 million, total assets of ¥298 million, sales of ¥974 million, operating income of ¥4 million and net income of ¥29 million. The transaction was resolved by the Board of Directors meeting of JAPAN Creative Platform Group Co., Ltd. on April 9, 2021. The impact of transaction on the consolidated financial results of JAPAN Creative Platform Group Co. for the fiscal year ending December 2021 will be minor.
Power Solutions, Ltd. (TSE:4450) completed the acquisition of Exection Co., Ltd. from JAPAN Creative Platform Group Co., Ltd. (JASDAQ:7814) on April 9, 2021.
Power Solutions, Ltd. is a Japan-based company mainly engaged in the technology solution business. The Company is mainly engaged in the provision of system integration services, outsourcing services and robotic process automation (RPA) related services. The system integration services are engaged in the provision of business consulting services, as well as the commissioned development, operation and maintenance of reporting related systems, compliance related systems and order related systems for asset management companies and other financial institutions. The outsourcing services are engaged in the provision of investment trust timely disclosure and statutory disclosure reporting services, investment trust report delivery services and airline ticket agency services. The RPA related services are engaged in the license sale and installation support of RPA software UiPath RPA Platform for corporations.
Power Solutions, Ltd. entered into a share transfer agreement to acquire Exection Co., Ltd. from JAPAN Creative Platform Group Co., Ltd. for approximately ¥320 million.
POWER SOLUTIONS, LTD. 
