[SCARA Co., Ltd.]
SCARA Co., Ltd. Announcement regarding making J-Phoenix Research Co., Ltd. a wholly owned subsidiary through a simplified share exchange

SCARA Co., Ltd. Announcement of making J-Phoenix Research Co., Ltd. a wholly owned subsidiary through a simplified stock exchange …………………………………………………………………………………………… Scalar Co., Ltd. (Head office: Shibuya-ku, Tokyo, Representative Director: Norikatsu Kanno, Securities Code: 4845, hereinafter referred to as “SCARA”) We decided to execute a simplified share exchange with Phoenix Research Co., Ltd. (hereinafter referred to as “JPR”) as a wholly-owned subsidiary, and today we have signed a basic agreement with JPR. I will inform you as follows. * JPR conducts a wide range of value creation management advisory services such as the creation of integrated reports and the creation of securities analyst reports from the perspective of securities analysts based on the theory of corporate value. In the future, SCARA plans to use IT / AI / IoT together with JPR to develop services related to improving corporate value. Please refer here for details. scalagrp.jp/pdf/ir/release/20190814_IRnews-3.pdf
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