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MBK continues to rise on plan to make TIGEREYE an equity-method affiliate
Shares of MBK Co., Ltd. <3121> extended their upward momentum on Tuesday. The rally follows an announcement after the close on Monday, June 1, that the company will acquire a 21.0% stake in Tokyo-based AI startup TIGEREYE, turning it into an equity-method affiliate in July. TIGEREYE provides facial recognition systems and interactive avatar services powered by high-precision multimodal AI control technology that integrates vision, audio, and language?a move welcomed by the market as a positive catalyst.
Through this capital participation, MBK aims to position TIGEREYE as a key partner in its future growth strategy within the artificial intelligence (AI) sector. While the acquisition price is yet to be finalized, the company stated that the financial impact on its earnings for the fiscal year ending October 2026 will be minimal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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