July 21, 2020
To: All Concerned Stakeholders
Company:

ID Holdings Corporation

Representative:

Masaki Funakoshi,President and Representative Director(Securities Code 4709; TSE 1st Section)

Inquiries:

Masayoshi Nakatani, General Manager,
Head of Corporate Strategy Department

TEL:+81 3-3262-5177

Notice of Acquisition of All Shares of GI Technos(Turning GI Technos into a Subsidiary)
On July 21, 2020, ID Holdings Corporation (“ID Holdings”) resolved to acquire all shares of GI Technos Inc.
(“GIT”), in accordance with Article 370 of the Companies Act and Article 25 (Omission of Resolutions of the Boardof Directors) of the Articles of Association of ID Holdings.

1.

Reason for Acquisition of Shares

The strength of the ID Group is its provision of one-stop service ranging from software development and systeminfrastructure through system operation management to cybersecurity, serving customers in fields as diverse as
finance, public administration, transportation and manufacturing. In recent years the Group has focused on
expanding its services in digital transformation (“DX”), contributing to the transformation of customers’
businesses through actions such as building system infrastructure using cloud technology and transferring
customers’ information assets.
Established in 1973, GIT boasts strengths in fields ranging from software development for trunk systems andsystem-infrastructure construction to development of mobile applications, targeting industries such as
telecommunications and public administration. In addition to its wealth of results and operating expertise in theabove industries, GIT possesses a sizable staff of engineers developing innovations that are currently in highdemand, such as cloud-related technologies and mobile applications for smartphones and tablets. GIT is expected
to enjoy continuing growth going forward.
The ID Group expects to reap a number of benefits through the current share acquisition. First, the Group
anticipates bolstering its customer base, particularly in the fields of telecommunications and public administration.
Second, the Group can expand its operations through collaboration in the field of cloud and other systeminfrastructure, for which market needs are extensive. Third, the Group judges that sharing of technologies andservices in the field of mobile applications will further enhance its service capabilities.

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2.

Overview of Transferred Subsidiary(1) Name

GI Technos Inc.

(2) Location

Otsuka Higashi-ikebukuro Building 4th Floor, 2-32-22,
Higashi-ikebukuro, Toshima-ku, Tokyo(3) Name and position of

Mitsuru Yoshida, Representative Director

representative director(4) Details of operations

Contract development of IT software(5) Capital stock¥45 million(6) Date of establishment

November 19, 1973

(7) Shareholders

Mitsuru Yoshida and two others
Capitalrelationships(8) Relationship(s) between thecompany to be acquired andPersonalrelationships

None
None
GIT has a business relationship with the GroupID Holdings

Businessrelationships

through its projects in collaboration withINFORMATION DEVELOPMENT CO., LTD.,a Group subsidiary.

3.

(9) Net sales¥1,918 million (Fiscal year ended July 31, 2019)(10) Total assets¥760 million (Fiscal year ended July 31, 2019)

Number of Shares Acquired, Acquisition Price and Shares Held Before and After Acquisition(1) Number of shares held before―

present acquisition(2) Number of shares acquired

90,000 shares(3) Acquisition price

Under the terms of a confidentiality agreement, this information isundisclosed.

(4) Number of shares held after

90,000 sharespresent acquisition4.

Schedule

Date of conclusion of contract to transfer shares: July 21, 2020
Date of execution of share transfer: August 3, 2020
5.

Forecast

The present share acquisition is expected to have minimal impact on the Group’s FY2020 consolidated businessresults.

DISCLAIMER
This English translation is only for reference purpose. When they are any discrepancies between originalJapanese version and English translation version, the original Japanese version always prevails.

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