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V-cube ( (JP:3681) ) has provided an announcement.
V-cube, Inc. announced that its U.S. subsidiary TEN Holdings, Inc. has completed a new fundraising round of approximately US$2.25 million through the issuance of 991,000 new shares at US$2.27 per share, reducing V-cube’s voting rights in TEN from 50.90% to 38.22%. Despite falling below a majority stake, V-cube expects to continue treating TEN as a consolidated subsidiary for the fiscal year ending December 31, 2025, based on effective control, but aims to remove TEN from its consolidated scope at the start of the fiscal year ending December 31, 2026. The company is currently assessing the impact of this reorganization and related capital gains on its full-year consolidated earnings forecasts and will announce any necessary revisions once the evaluation is complete.
The most recent analyst rating on (JP:3681) stock is a Hold with a Yen121.00 price target. To see the full list of analyst forecasts on V-cube stock, see the JP:3681 Stock Forecast page.
More about V-cube
V-cube, Inc. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market that operates through group subsidiaries, including U.S.-based TEN Holdings, Inc., to provide technology-driven services and solutions. Through these overseas subsidiaries, V-cube is pursuing business expansion in international markets, with a particular focus on leveraging external fundraising to support growth while managing its overall group structure and consolidation policy.
Average Trading Volume: 135,050
Technical Sentiment Signal: Sell
Current Market Cap: Yen2.9B
Learn more about 3681 stock on TipRanks’ Stock Analysis page.