On the 15th, Sophia Holdings (6942) announced that in the board meeting on March 8th, it had passed a resolution to transfer all the shareholding of its consolidated subsidiary, Cyber Vision Hosting, to Telecom Credit. On the same day, it signed a share transfer agreement.

As part of the discussion and consideration of the restructuring of the internet-related businesses, which is one of the major segments, the company aims to enhance the medium-to-long-term enterprise value. The company will select and concentrate on existing businesses within its major segments to further strengthen them, and at the same time, it will explore and invest in new businesses. The stock transfer this time is part of these measures.

As a result of the share transfer, Cyber Vision Hosting will be excluded from the consolidated subsidiary. In addition, a special profit of 158 million yen is expected to be recorded as a gain on sale of affiliates in the consolidated financial statements for the term ending March 2025.