Needswell Inc Announces Collaboration with ITFOR Inc.

Needswell Inc. announced that its Board of Directors has decided to end the capital and business alliance agreement with ITFOR Inc. and transition to a business alliance agreement.

Continued Collaboration Built on Mutual Strengths

ITFOR Inc. is a leading independent IT solutions provider. They deliver custom systems and services. Their success comes from strong partnerships with financial institutions, local governments, and regional retailers. The company excels at meeting local needs quickly and with a problem-solving approach. This supports clients in their sustainable development efforts.

Needswell is an independent system integrator. It has provided a range of IT services for a long time. These services include infrastructure development, embedded systems, and solution delivery. They focus heavily on business system development. The company helps clients in finance, telecommunications, retail, and services. We improve efficiency and create value with our strong technical skills and flexibility.

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Since their capital and business alliance in February 2020, the two companies have used their strengths. These include domain knowledge, sales networks, advanced technologies, and skilled staff. They have succeeded in system development, especially in areas like banking and insurance.

To boost corporate value and increase stock liquidity, both companies agreed to end their cross-shareholdings. This decision ends their capital and business alliance. They will work together in a more flexible business alliance. This transition seeks to boost agile teamwork. It also aims to deepen efforts for shared sustainable growth and create new value. This is supported by their strong trust and history of successful partnerships.

Financial Impact

The end of the capital alliance and the sale of ITFOR  shares should lead to a gain from the sale of securities. This gain will be considered an extraordinary profit. The final amount and timing will depend on the market price at sale. However, if we look at a sale using the closing price from June 27, 2025, the estimated gain would be around 85 million yen. Any developments requiring disclosure will be announced without delay.