Midas Capital has acquired shares in Cyber Records Inc., aiming to leverage its expertise in the growing hometown tax and e-commerce markets.

Announcement of Stock Acquisition of Cyber Records Inc. by Midas Capital

Midas Capital Co., Ltd. (Headquartered in Minato, Tokyo; CEO: Hideki Yoshimura) announces the acquisition of shares in Cyber Records Inc. (Headquartered in Kumamoto City, Kumamoto Prefecture; President: Kazuya Masuda) through the Midas Capital flagship fund LLC (hereafter referred to as the "Midas Flagship Fund") and the owner fund led by Kazuya Masuda (hereafter referred to as the "Owner Fund"; together, the Midas Flagship Fund and the Owner Fund are referred to as the "Midas Fund").

Target Company Information

Founded in 2008 in Kumamoto Prefecture, Cyber Records Inc. engages in regional revitalization, primarily through the management of the hometown tax system and providing e-commerce support services. The company has garnered attention as a leading IT-related enterprise in Kyushu, being the first to be recognized as a 'Leading Company' in the region, thus playing a significant role in the advancement of local industries.

Industry Overview in Japan

The e-commerce and regional revitalization sectors in Japan have seen substantial growth in recent years. The hometown tax system has facilitated financial contributions from individuals in urban areas