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Power Solutions surges on enhanced shareholder benefit program
Power Solutions <4450> rebounded sharply, marking its first gain in four sessions. The move followed the company’s announcement after the market close on April 16 that it will enhance its shareholder benefit program for investors of record as of end-October 2026. Under the current system, the company provides QUO cards worth 4,000 yen (8,000 yen annually) to shareholders holding at least 100 shares for six months as of end-April and end-October. Following the enhancement, Power Solutions will eliminate the continuous holding requirement, providing 4,000 yen in QUO cards (8,000 yen annually) to those with less than six months of ownership, and 4,500 yen (9,000 yen annually) to those holding for six months or more.
Simultaneously, the company announced it will acquire all shares of Tokyo-based Azest, a data and AI solutions provider, on April 17. The acquisition, priced at 369 million yen, aims to bolster group-wide added value through collaboration between the AI-powered SaaS business infrastructure products of both Azest and Power Solutions, while leveraging shared talent and expertise. The company stated the impact on its earnings for the fiscal year ending December 2026 is currently under review.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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