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U-NEXT HOLDINGS Delays Business Succession Plan

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U-NEXT HOLDINGS Delays Business Succession Plan

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U-NEXT HOLDINGS Co.Ltd. ( (JP:9418) ) has issued an update.

U-NEXT HOLDINGS Co., Ltd. announced a postponement in the effective date for the business succession of SBI Sumishin Net Bank’s acquiring business by its subsidiary, NetMove Corporation. The delay, now scheduled for August 1, 2025, is due to the time needed to obtain necessary approvals. Despite this postponement, the company and SBI Sumishin Net Bank remain committed to completing the process, and the financial impact is expected to be minimal.

More about U-NEXT HOLDINGS Co.Ltd.

U-NEXT HOLDINGS Co., Ltd. operates in the financial industry, focusing on acquiring and integrating financial services and solutions. The company is involved in strategic acquisitions to enhance its market offerings and expand its industry footprint.

YTD Price Performance: 3.84%

Average Trading Volume: 573,884

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen314.6B

Learn more about 9418 stock on TipRanks’ Stock Analysis page.

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