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SHIFT ( (JP:3697) ) just unveiled an update.
SHIFT Inc. has approved a group-wide organizational restructuring that will transfer all shares of its subsidiary Airitech Inc. to Stride Digital Group Inc. via an absorption-type company split, followed by the absorption-type merger of Airitech and madere Inc. into CIMTECH Inc., which will later adopt a new corporate name. By consolidating Airitech and madere under SDG’s stronger business base and then integrating them into CIMTECH, SHIFT aims to build a larger, more technically diverse engineering organization, expand orders from existing and new customers, strengthen recruitment of high-caliber talent, and improve project quality and efficiency through integrated management and standardized knowledge, ultimately pursuing multifaceted synergies and higher corporate value in its DX consulting and related services.
The most recent analyst rating on (JP:3697) stock is a Hold with a Yen1006.00 price target. To see the full list of analyst forecasts on SHIFT stock, see the JP:3697 Stock Forecast page.
More about SHIFT
SHIFT Inc., listed on the TSE Prime Market, is a Tokyo-based provider of services that help client companies deliver software products and services that drive sales. Through a group structure including subsidiaries such as Airitech Inc., Stride Digital Group Inc. (SDG), CIMTECH Inc., and madere Inc., SHIFT operates across areas such as system performance verification, big data and AI utilization, web application development, and DX (digital transformation) consulting, targeting enterprise customers seeking enhanced software quality and digital capabilities.
Average Trading Volume: 5,089,794
Technical Sentiment Signal: Sell
Current Market Cap: Yen255.3B
For an in-depth examination of 3697 stock, go to TipRanks’ Overview page.