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Sun Asterisk, Inc. ( (JP:4053) ) has shared an update.
Sun* Inc. has agreed to acquire all outstanding shares of Tokyo-based Mixense Inc., a software contract development company known for business and control system development and long-standing relationships with major telecommunications carriers, in a deal valued at ¥900 million that will make Mixense a wholly owned subsidiary. By folding Mixense into the group, Sun* aims to expand its capabilities in the “digitization” segment of DX support, deepen collaboration across customer bases, and leverage mutual management resources, a move that aligns with its strategy of pursuing strategic M&A for discontinuous growth and is expected to enhance the value it offers clients while reinforcing its competitive position in the digital transformation services market.
The most recent analyst rating on (JP:4053) stock is a Buy with a Yen561.00 price target. To see the full list of analyst forecasts on Sun Asterisk, Inc. stock, see the JP:4053 Stock Forecast page.
More about Sun Asterisk, Inc.
Sun* Inc. is a digital creative studio that operates across six cities in four countries, employing more than 2,000 engineers and creators. The group specializes in business development that integrates business, technology and creativity, with a strong focus on digital transformation (DX) through both the digitalization of business models and the digitization of business processes, and has supported the development of over 1,000 digital services to date.
Average Trading Volume: 188,932
Technical Sentiment Signal: Sell
Current Market Cap: Yen18.48B
Learn more about 4053 stock on TipRanks’ Stock Analysis page.