Solvvy continues sharp rise on capital and business alliance agreement with JACCS CO., LTD. <8584>

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Mon May 18, 2026 10:21 am JST Catalyst

Solvvy Inc. <7320> shares continued to surge sharply after the company announced a basic agreement for a capital and business alliance with JACCS CO., LTD. <8584> following the market close on May 15. The companies will jointly develop a digital transformation (DX) platform in the home remodeling sector and promote the development and rollout of extended warranty services. The capital component will be implemented through JACCS acquiring treasury shares held by Solvvy, with details to be disclosed once finalized.

In its nine-month financial results announced concurrently for the period ended March 2026, Solvvy reported sales rose 12.5% year-on-year to 5.24 billion yen, operating profit grew 2.0% to 1.07 billion yen, and net profit surged 3.9-fold to 1.08 billion yen. The results reflected steady progress in stock-revenue business consulting in the housing sector and a recovery in sales activities in the non-housing segment, alongside smooth asset management leveraging its warranty business.

The company left its full-year earnings forecast for the fiscal year ending June 2026 unchanged, projecting sales to rise 22.3% year-on-year to 8.2 billion yen, operating profit to grow 29.6% to 2.1 billion yen, and net profit to come in at 1.63 billion yen, reversing a loss of 628 million yen in the previous fiscal year.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.