News

Notice Regarding Acquisition of Additional Shares in SecondXight Analytica, Inc.

August 10,2022

EXEO Group, Inc. (head office: Shibuya-ku, Tokyo; Tetsuya Funabashi, President; hereinafter "the Company") announces that it concluded an agreement regarding the acquisition of additional shares (hereinafter the "Additional Acquisition)" of SecondXight Analytica, Inc.(head office: Chuo-ku, Tokyo; Hirokazu Takayama, President), a capital and business alliance partner, on August 10, 2022. Details are provided below.
Previously, the Company owned 340,000 shares of stock (12.9% of the total number of outstanding stock with voting rights). Recently, it decided to acquire an additional 85,000 shares (3.2%). After the additional acquisition, the Company's equity ratio will increase to 16.1


1. Purpose of the additional acquisition of shares
SecondXight Analytica, Inc. is an important partner in the Company's promotion of businesses utilizing the Group's AI. It therefore has decided to acquire shares held by Mr. Ryotaro Kato, the Chairman of the Board of SecondXight Analytica, Inc. to further develop and strengthen the collaboration the two companies have been facilitating through a range of projects such as AI-based safety quality management for the construction of communication facilities and system construction for the real-time AI-based image analysis of 4K images.

2. Details of the acquisition of shares
　Number of shares acquired：85,000 shares
　Method of acquisition：Acquired from Mr. Ryotaro Kato through ToSTNeT
Acquisition Date：August 15, 2022

3. Corporate data
Name：SecondXight Analytica, Inc.
(Code: 5028, listed on the Growth Market of the Tokyo Stock Exchange)
Location：4F Imon Nihonbashi-honcho Building, 3-2-11, Nihonbashi-Honcho, Chuo-ku, Tokyo
Representative：President Hirokazu Takayama
Business：SecondXight Analytica, Inc. is a specialized company that provides services using analytics and technologies. It conducts the research and development of new technologies such as machine learning and deep learning technologies which are the core of AI, while also providing analytics consulting services, including IT infrastructure for such services and AI services (products), to a variety of industries and business areas.
Share capital：277 million yen (As of May 9, 2022)
Date of establishment：June 1, 2016

4. Future outlook
　The impact of the Additional Acquisition on the Group's consolidated financial results for the current fiscal year will be minor.


【Contact for inquiries】
Public Relations Team, Corporate Communication Unit, EXEO Group, Inc.
TEL. +81-3-5778-1075　E-mail：contact@en2.exeo.co.jp