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Sumitomo Mitsui Financial to Become Top Shareholder in ExaWizards Through Capital and Business Alliance for AI Utilization◇

Tue Mar 31, 2026 5:51 pm JST Catalyst

ExaWizards Inc. <4259> announced after the close of trading on the 31st that it has entered into a capital and business alliance agreement with Sumitomo Mitsui Financial Group, Inc. <8316>. Sumitomo Mitsui Financial is expected to become the largest shareholder of ExaWizards following a third-party allotment. The companies will collaborate on AI utilization and digital transformation initiatives.

ExaWizards will issue 9.55 million new shares at \565 per share to Sumitomo Mitsui Financial through a third-party allotment. Sumitomo Mitsui Financial's shareholding ratio is expected to reach 10% after the allotment. ExaWizards will raise approximately \5,385.75 million in net proceeds, which will be allocated to costs related to hiring and training dedicated teams, as well as standby funds for M&A activities.

Source: MINKABU PRESS

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