Orix Corporation plans to acquire I-NET Corporation through a Tender Offer to enhance its service capabilities in the growing IT services market.

Target Information

Orix Corporation (Ticker: 8591) has announced its intention to acquire I-NET Corporation (Ticker: 9600) through a Tender Offer (TOB). I-NET specializes in information system maintenance, operations, and cloud services, playing a vital role in various sectors including finance, distribution, energy, and space-related businesses. The acquisition aligns with Orix's long-term growth strategy as it seeks to invest in emerging industries such as AI infrastructure, digital transformation (DX), and space-related ventures.

Founded in 1971 as Fujiconsult to handle gasoline station transaction computing, I-NET underwent a merger with Japan Computer Development in 1991 and rebranded as I-NET. The company went public in 1995, listing on the JASDAQ, and subsequently upgraded to the Tokyo Stock Exchange's Second Section in 1997 and the First Section in 2006. It currently operates on the Tokyo Stock Exchange Prime Market, which will be terminated post-acquisition.

Industry Overview

The IT services industry in Japan has experienced robust growth, driven by increasing digital transformation initiatives across various sectors. As businesses and organizations adopt cloud-based solutions and AI technologies, the demand for s