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RAKUS Co., Ltd. to Transfer Internet Service Business to RIDE Co., Ltd.

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RAKUS Co., Ltd. to Transfer Internet Service Business to RIDE Co., Ltd.

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RAKUS Co., Ltd. ( (JP:3923) ) has issued an announcement.

RAKUS Co., Ltd. announced a strategic decision to transfer its Global Web Internet Service business to RIDE Co., Ltd. through a simplified absorption-type company split, effective April 1, 2025. This transfer aims to optimize RAKUS’s management resources and strengthen the business value from a medium- to long-term perspective, reflecting the company’s commitment to enhancing operational efficiency and addressing societal issues through IT services.

More about RAKUS Co., Ltd.

RAKUS Co., Ltd. operates in the IT services industry, focusing on providing cloud services and IT technologies to enhance work efficiency, particularly in the context of Japan’s declining birthrate and shrinking workforce. Their primary services include internet connectivity and hosting solutions.

YTD Price Performance: 6.08%

Average Trading Volume: 839,880

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen357.2B

For detailed information about 3923 stock, go to TipRanks’ Stock Analysis page.

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