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The latest announcement is out from Cross Cat Co., Ltd. ( (JP:2307) ).
Cross Cat Co., Ltd. has decided to acquire the Tokyo Solutions Development division of its wholly owned subsidiary CROSS UIS Co., Ltd., consolidating development and maintenance operations for systems in the Tokyo metropolitan area into the parent company. The transferred business generated net sales of 433 million yen in the fiscal year ended March 31, 2025, and will change hands for an expected 210 million yen in cash on April 1, 2026, in a move aimed at strengthening group synergies, improving the business structure, and concentrating IT human resources amid rising demand for technology and demographic headwinds, with the company expecting only a slight impact on its consolidated financial results due to the intra-group nature of the transaction.
The most recent analyst rating on (JP:2307) stock is a Hold with a Yen1197.00 price target. To see the full list of analyst forecasts on Cross Cat Co., Ltd. stock, see the JP:2307 Stock Forecast page.
More about Cross Cat Co., Ltd.
Cross Cat Co., Ltd. is a Japan-based IT services company listed on the Tokyo Stock Exchange Prime Market that operates a single business segment focused on information-processing services and system development. Through its group companies, including wholly owned subsidiary CROSS UIS Co., Ltd., it develops, maintains and customizes software systems, primarily serving corporate clients in regions such as the Tokyo metropolitan area, and is increasingly focused on aggregating and optimizing IT human resources to secure talent in a tight labor market.
Average Trading Volume: 23,920
Technical Sentiment Signal: Hold
Current Market Cap: Yen16.23B
For an in-depth examination of 2307 stock, go to TipRanks’ Overview page.