ReYuu Japan Inc., the Osaka-based reseller of secondhand corporate mobile devices, is buying a cybersecurity company without buying a majority of it. On July 31, 2026, its board approved a share-transfer agreement to acquire 29,400 shares, a 49.0% voting stake, in the target company from shareholder abc Co., Ltd. The price: ¥254.9mn for the shares plus about ¥4mn in advisory fees, for a total of ¥258.9mn. The transfer is scheduled to close on August 31, 2026.
Here is the mechanism that turns a 49% purchase into full control: alongside the share deal, ReYuu signed a shareholders' agreement with the target's representative director, who keeps the remaining 51%. That agreement lets ReYuu appoint a majority of the target's board, giving it effective command of the target's decision-making without a majority vote. The target will therefore become a consolidated subsidiary on ReYuu's books despite the minority stake.
The target sells cybersecurity solutions and consulting, and builds and operates security environments for corporate clients. It was set up in December 2015 with ¥20mn in capital, and its books show three straight profitable periods, though two of them cover only part of a year after a change in fiscal year-end.
| Period | Net assets | Total assets | Sales | Operating profit | Net profit |
|---|---|---|---|---|---|
| Year to March 2025 | ¥73mn | ¥256mn | ¥425mn | ¥81mn | ¥77mn |
| 5 months to August 2025 | ¥116mn | ¥474mn | ¥303mn | ¥69mn | ¥43mn |
| 7 months to March 2026 | ¥170mn | ¥448mn | ¥409mn | ¥81mn | ¥54mn |
The rationale ReYuu gives is cross-selling rather than product overlap: the company wants to combine its own customer relationships, built through buying, reselling and wiping data from used corporate mobile devices, with the target's cybersecurity expertise, to create service-proposal opportunities for both companies among their respective corporate customers and expand group revenue over the medium term. The filing also discloses that the target's representative director has a business-commission contract with ReYuu covering alliance-related work.
What is not yet disclosed is how the two companies will divide sales credit or integrate operations once the deal closes at the end of August, or whether the board-control arrangement holds if either side's priorities diverge later.