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SHIFT ( (JP:3697) ) just unveiled an update.
SHIFT Inc., through its consolidated subsidiary SHIFT Growth Capital Inc., has agreed to acquire all shares of Nisseicom, Limited from Nissei Holdings via a multi-step transaction that will make Nisseicom a consolidated subsidiary. Nisseicom is a prime vendor for mid-sized enterprises, providing business application packages, system development, maintenance and operations, with strong positions in industrial and distribution sectors as well as specialized solutions for national and public universities and health insurance societies. The deal is intended to broaden SHIFT’s customer base in the health insurance domain and regional markets outside Greater Tokyo, deepen its presence among mid-sized enterprises, and generate upselling and cross-selling opportunities by combining Nisseicom’s development capabilities with SHIFT’s software testing and related services. By improving operational efficiency and profitability at Nisseicom and integrating its offerings, SHIFT aims to reinforce its growth trajectory and enhance medium- to long-term corporate value for the group and its stakeholders.
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. is a Tokyo-based technology services company that began as a software testing specialist in 2009 and has grown into a 40-company group providing end-to-end system development and software quality assurance across industries from enterprise to entertainment. The company has made mergers and acquisitions a core growth strategy, executing around 40 deals to date to expand scale, strengthen deal sourcing and fundraising, and enhance group company performance, particularly in software development, while positioning itself to pursue larger, more stable targets from fiscal 2026 onward.
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.